|Basis of Allotment|
is only an Advertisement for information purpose not a prospectus announcement
ACE TOURS WORLDWIDE LIMITED
Our Company was originally incorporated as "Ace Tours Worldwide Private
Limite" on July 13, 2007 by covversion of a partership firm Ace tours worldwide under
Part IX of the companies Act, 1956 vide certificate of incorporation bearing CIN number
U63040GJ2007PLC051318 issued by the Asst. Register of companies, Gujarat, Dadara and Nagar
Haveli. Our company was converted in to paublic limited company vide fresh certificate of
incorporation dated September 30, 2011 and the name of our company was changed to
"Ace Tours Worldwide Limited". For further details of our company, please refer
to the chapters titled "General Information" and "History and Certain
corporate matters" begining on page 27 and 87 respectively of the prospectus.
Registered Office & Corporate Office: F-22-23-24. Jolly
Arcade, Ghod Dod Raod , Surat-395007, Gujarat.;
PUBLIC ISSUE OF 50.00,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF ACE TOURS WORLDWIDE LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT APRICE OF RS.16/- PER EQUITY SHARE( "THE ISSUE PRICE") INCLUDNG A SHARE PREMIUM OF RS.6 PER EQUITY SHARE . AGGREGATING TO RS. 800.00 LACS ("THE ISSUE"). OF WHICH, 2.80,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 47,20,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF Rs16 PER EQUITY SHARE AGGREGATING RS.755.20 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 39.46% AND 37.25%, RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
This being a Fixed Price Issue and in terms of Prospectus dated 2nd September, 2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies institutions irrespective of no.of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/- EACH AND THE ISSUE PRICE IS RS. 16 EACH. THE ISSUE PRICE IS 1.6 TIMES OF THE FACE VALUE. ISSUE OPENED ON SEPTEMBERS, 2013 AND CLOSED ON SEPTEMBER 12,2013
The Equity Shares offered through the Prospectus arc proposed to be listed on the SME platform of BSE Limited ("BSE") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. we are not required to obtain an in-principle approval of the shares being offered in this Issue. However Our Company has received an approval letter dated 17TH May. 2013 from BSE for using its name in the offer document for listing of our Equity Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. The trading is proposed to be commenced on or bofore September 26, 2013'
Subject to the receipt of the listing anq trading approvals from the bse Limited
All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts wore blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 168 applications for 54,88.000 Equity Shares (Including Market Maker Application of 2,80,000 Equity Shares) resulting 1.0976 times subscription. After considering, cheque return cases of 9 applications of 72000 Equity Shares, the Issue was subscribed 1.0832 times. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
In the event of over subscription, the allotment will be made on proportionate basis in the marketable lots. There was under subscription 12.88,000 equity shares in retail category and an over subscription, of 13.04,000 equity shares in non-retail category. The unsubscribed portion of retail category i.e 12,88.000 equity shares has been added to the non retail category.
ALLOCATION: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - BSE Limited on 23rd September, 2013.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.16/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2.80,000 Equity shares in full out of reserved portion of 2,80,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment lo the Retail Individual Investors, al the issue price of Rs.16/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.454 limes. Total number of shares allotted in this category is 10,72,000 Equity Shares. The category wise details of the basis of allotment are as under:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 16/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.65 times. Total number of shares allotted in this category is 3648000 Equity Shares including additional 10,760 Equity Shares for the purpose of rounding off to the nearest multiple of 8.000 Equity Shares (Lot Size) The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting hetd on 23rd
September, 2013 has taken on record the Basis of Allocation of Equity Shares approved by
the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for
the transfer of the Equity Shares / dispatch of share certificates to various successful
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Satellite Corporate Services Pvt Ltd at www.satellitecorporate.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had boon lodgod and payment details at the address of the Registrar given below:
SATELLITE CORPORATE SERVICES PRIVET LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD MOT BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ACE TOURS