|Basis of Allotment|
(This is only an advertisement for information purposes and not a prospectus announcement)
REALTY DEVELOPMENT LTD.
SUNSTAR REALTY DEVELOPMENT LIMITED
Our Company was originally incorporated in Mumbai as "Sunstar Realty Development Private Limited" on 30th June, 2008 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies Maharashtra, Mumbai. Our Company was subsequently converted in to a public limited company and consequently name was changed to "Sunstar Realty Development Limited" vide fresh certificate of incorporation dated 16th October, 2012 issued by the Registrar of Companies Maharashtra, Mumbai. For further details in relation to the changes to the name of our Company, please refer to the section titled "Our History and Corporate Structure" beginning on page 76 of the Prospectus.
Registered Office & Corporate Office: Office No. 23,Regus
Business Centre, Ground Floor, Ismail Building, Opp Flora Fountain, DN Road, Fort, Mumbai
- 400 001; Tel: 91-22-65341988, Fax: 91-22-61424950,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 53,10,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF SUNSTAR REALTY DEVELOPMENT LIMITED ("SRDL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 20/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1062.00 LACS ("THE ISSUE"), OF WHICH, 2,70,000 EQUITY SHARES OF RS. 10 EACH RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 50,40,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.64% AND 25.29%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 7th February, 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 shall be initially 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 20 EACH. THE ISSUE PRICE IS 2.00 (TWO) TIMES OF THE FACE VALUE. ISSUE OPENED ON 18TH FEBRUARY, 2013 AND CLOSED ON 25TH FEBRUARY, 2013*. (Issue closing on 21 st February, 2013 was extended by two working days with a view to avoid any Investor Inconvenience due to Bank Strike announced on 20th and 21 st February 2013)
The Equity Shares offered through the Prospectus 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, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 4th February, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is 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 were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 981 applications for 1,04,04,000 Equity Shares (Including Market Maker Application of 2,70,000 Equity Shares) resulting 1.96 times subscription. After considering, cheque return cases of 26 applications of 1,56,000 Equity Shares, the Issue was subscribed 1.93 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 tabled as below) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 6th March, 2013.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): 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 category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,70,000 Equity shares in full out of reserved portion of 2,70,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 20/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.56 times. Total number of shares allotted in this category is 25,20,000 Equity Shares. The category wise basis of allotment is 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. 20/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.23 times. Total number of shares allotted in this category is 25,68,000 Equity Shares including additional 48,000 Equity Shares for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot Size). The category wise basis of allotment is as under
The Board of Directors of the Company at its meeting held on 7th March, 2013 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 transfer of the Equity Shares / dispatch of share certificates to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 8th March, 2013. Further, the instructions to Self Certified .Syndicate Banks being processed on or prior to 8th March, 2013. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being 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 Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 11 th March, 2013 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
SHAREPRO SERVICES (INDIA) PVT. LTD.
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SUNSTAR REALTY DEVELOPMENT LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.