|Basis of Allotment|
is only an advertisement for information purpose and not a prospectus announcement)
SRG HOUSING FINANCE LTD
Our Company was originally incorporated as a private company under the
name of Vitalise Finlease Private Ltd. on March 10,1999 with the Registrar of Companies,
Jaipur, Rajasthan. For details pertaining to the changes in our name and Registered
Office, see "History and Other Corporate Matters" on page 98 of the Prospectus.
OUR PROMOTERS: MR. VIN0D JAIN, MR. RAJESH JAIN & MRS. SEEMA JAIN
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 35,04,000 EQUITY SHARES OF Rs. 10/- EACH ("EQUITY SHARES") OF
SRG HOUSING FINANCE LIMITED ("SHFL" OR THE "COMPANY" 0R THE
"ISSUER") FOR CASH AT A PRICE OF Rs. 20/- PER SHARE (THE "ISSUE
PRICE"), AGGREGATING TO Rs. 700.80 LACS ("THE ISSUE"), OF WHICH,
4,98,000 EQUITY SHARES OF Rs. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS
(THE "PROMOTERS CONTRIBUTION") AND 4,08,000 EQUITY SHARES OF Rs. 10/- EACH WILL
BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER
RESERVATION PORTION"). THE ISSUE LESS THE PROMOTERS CONTRIBUTION AND THE MARKET MAKER
RESERVATION PORTION I.E. ISSUE OF 25,98,000 EQUITY SHARES OF Rs. 10/- EACH IS HEREINAFTER
REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE
43.36% AND 32.15%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE
COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI
(ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET
OFFER OF 25,98,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL
INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL
INVESTORS AND OTHER INVET0RS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF
THE NUMBER OF SHARES APPLIED FOR . IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED
TO MORE THAN 50% ON PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF OUR EQUITY SHARES IS Rs.10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS Rs. 20/- EACH AND THE ISSUE PRICE IS 2.0 TIMES OF THE FACE VALUE. ISSUE OPENED ON AUGUST 22,2012 AND CLOSED ON AUGUST 28,2012.
The Equity Shares of the Company are 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 listing
approval from BSE. However, our Company has received an approval via letter dated July
23,2012 from BSE for using its name in the offer document for listing of our shares on the
SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this
Issue. The trading is proposed to be commenced on or before September 11,2012.*
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50%: of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer of Shares to the public shall be made available for allotment to individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 161 applications for 41,04,000 Equity Shares resulting in 1.17
times subscription (including reserved portion of Promoters Contribution & Market
Maker). The details of the applications received in the Issue (before technical
rejections) are as follows:
Detail of the Applications Received (After Technical Rejection)
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 6,33,000 Equity Shares in Retail Category & over-subscription of 11,55,000 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 6,33,000 equity shares has been added to the Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on September 04, 2012.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The total number of shares allotted in this category is 4,08,000 Equity Shares. The category was subscribed by 1.00 time. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 6,66,000 Equity Shares. The category was subscribed by 0.51 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Individual Investors (After Technical Rejections): The Basis of Allotment to the Non - Retail Individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 19,32,000 Equity Shares (including unsubscribed portion of 6,33,000 Equity Shares of Retail Category). The category was subscribed by 1.27 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on September 04,2012 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Advices and allotment advice and/or notices have been dispatched to the address of the investors as registered with the depositories. Refunds have been made through ECS, Direct Credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten working days, investors may contact at the address given below. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 12 working days from the Closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 03,2012 ("Prospectus").
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First /Sole applicant, Serial number of the Application Form, number of shares applied for and Bank Branch where the Application had been lodged and payment details at the address given below:
SHAREX DYNAMIC (INDIA) PVT. LTD.
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SRG HOUSING FINANCE LIMITED.
SRG HOUSING FINANCE LIMITED is proposing, subject to market conditions and other considerations, a public issue of its equity shares and hasflled the Prospectus with the Registrar of Companies, Jaipur, Rajasthan. The Prospectus is available on the website of SEBI at www.sebi.govm, the website of the Lead Manager at www afsl co in and the website of BSE at www.bseindia.com. Investors should note that investment in equity shares involves a high degree ofnsk and for details relating to the same, see section titled "Risk Factors" on page 09 of the Prospectus. This document is not an offer of securities or sale in the United States or elsewhere The shares of the Company have not been and will not be registered underthe U.S. Securities Act of 1933, as amended (' U.S. Securities Act) or any state securities laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, file registration requirements of the U.S. Securities Act and applicable u.b. state securities laws.