|Basis of Allotment|
|Not for release in The United Stales. This is an advertisement for
information purposes only. This is not a Prospectus announcement, and does, not constitute
an invitation or offer to acquire, purchase' or subscribe for securities. Not for
publication or detribution, directly or Indirectly outside India. all capitalized terms
used herein and not specifically defined shall have the same meaning as ascribed to them
in the Prospectus.
SNOWMAN LOGISTICS LIMITED
We were incorporated as Snowman Frozen Foods limited, a public limited
company under the Companies. Act, 1956 in Kochi, Kerala. We were granted a
certificate of incorporation on March 17,1993 and a certificate of commencement of
business on May 31,1993. Subsequently, on March 17, 2011 our name was changed to
Snowman Logistics Limited pursuant to a fresh certificate of incorporation issued by the
Registrar of Companies Karnataka. Bangalore.
BASIS OF ALLOTMENT
The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ('NSE") and the BSE Limited "BSE") and the trading will commence on or about September 12, 2014.
PUBLIC ISSUF OF 42,000,000* EQUITY SHARFS OF A FACF VALUE OF RS 10 EACH OF SNOWMAN LOGISTICS LIMITED (COMPANY OR ISSUER} FOR CASH ATA PRICE OF RS 47 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 37 PER EQUITY SHARE) AGGREGATING RS 1,974 MILLION (ISSUE), THE ISSUE WILL CONSTITUTE 25.23% OF OUR POST-ISSUF PAID-UP EQUITY SHARE CAPITAL.
"An additional 6,038 Equity Shares have been issued and allotted in the Non-lnstitutional category for the purpose of rounding off to The nearest multiple of the minimum allotment lot.
ISSUE PRICE:RS 47 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH. THE ISSUE PRICE IS RS 4.7 TIMES THE FACE VALUE ANCHOR INVESTOR ISSUE PRICE : RS 47 PER EQUITY SHARE
BID/ISSUE: OPENED ON TUESDAY, AUGUST 26, 2014. CLOSED ON THURSDAY, AUGUST 28, 2014 ANCHOR INVESTOR BIDDING DATE : MONDAY, AUGUST 25, 2014
The Anchor Investor Bid/Issue Period was, one Working Day prior to the Bid/Issue opening date in accordance with the SEBI (Issue of Capital and Disclosures Requirement) Regulations, 2009.
OUR PROMOTER: GATEWAY DISTRIPARKS LIMITED
In terms of Rate 19(2)(b)(i) of the Securities Contacts (Regulation) Rules, 1957, as Amended ("SCRR") this is an Issue for at least 25.00% of the post-Issue Equity share capital of our company. The Issue is being made under Regulation 26(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended and through a Book Building Process wherein at least 75% of the Issue shall be allotted on a proportionate basis to Qualified Institutional Buyer (QlB) Bidders, 5% of the QlB portion (excluding Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QlB portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue shall be available for allocation on a proportionate basis, to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. QIBs (other than Anchor Investors) and Norn Institutional Bidders should compulsorily participate in the Issue through the Application Supported by Blocked Amount (ASBA) process, providing details, of the bank account which will be blocked by the Self Certified Syndicate Banks. (SCSBs} to the extent of the Bid Amount for the same. Retail Individual Bidders may also participate in the Issue through the ASBA process. For details, please see the chapter entitled'Issue Procedure' on page 333 of the Prospectus.
The Issue received 259,429 applications for 1,949,124,600 Equity Shares (net of multiple bids. Duplicate bids, Cheque returns, Bid not banked and prior to technical rejections) resulting in 46.40 times subscription. The details of the applications received in the Issue from Retail Individual Bidders Non-Institutional Bidders QIBs (excluding Anchor Investors) and Anchor Investors are as under (before technical rejections):
The Basis of Allotment was. finalized In consultation with the Designated Slock Exchange, being NSE on September 8, 2014.
A. Allotment to Retail Individual Bidders
(After Technical Rejections)
B. Allotment to Non-institutional Bidders (After Technical
C. Allotment to QIBs (excluding Anchor Investors)
D. Allotment to Anchor Investors
The IPO Committee of the Board of Dirsctors of our Company at its
meeting held on September 9,2014 has taken on record the basis of allotment of Equity
Shares approved by the Designated stock exchange, being NSE and has allotted the Equity
Shares to various successful applicants.
NOTICE TO INVESTORS: Investors may note that disclosure on the cover page, page 5 and page 34 of the Prospectus in respect to the total issue size is Rs. 1,974 million and the reference to Rs. 1,974,000,000 million was an inadvertent typographical error. This intimation should be read in conjunction with the Prospectus.
INVESTORS PLEASE NOTE
The details of the allocation made will be hosted on the website of Registrar to the
Issue, Link Intime India Private Limited at http://www.linkintime.co.in.
C 13. Pannalai Silk Mills Compound LBS Marg. Bhandup (West}, Mumbai - 400078 ,
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 THE COMPANY.
SNOWMAN LOGISTICS LIMITED is proposing, subject to market conditions and other considerations, a public issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Karnataka.The Prospectus is available on the website of SEBI at www.sebi.gov.in and is available on the website of book Running Lead Manager at www.hdfcbank.com. Investors should note that investment in equity shares invoilve a high degree of risk and for details relating to the same, refer to the Prospectus including the section tilled 'Risk Factors' on page 15 of the Prospectus. This document is not an offer of securities for sale in the United States or elsewhere. This document has been prepared for publication in India and is not for publication or distnbution, directly or indirectly, in or into the United States. The Equity Shares have not been and will not be registered under the U.S Securities Act of 1933. as amended (the"U.S Securities Act") and may not be offered or sold within the United States (as defined in Regulations S of the U.S securities Act except pursuant to an exmeption from, or in a transaction not subject to the registration requirements of the U.S securities act and applicable state securities laws. There will not and is not currently intended to be any public offering of securities in the United States. Accordingly, the Equity Shares are only being offered and sold outside the United States in reliance on Regultions S of the U.S securities Act and the applicable laws of the jurisdiction where these offer and sales occur.