|Basis of Allotment|
is only an advertisement for information purposes and not a Prospectus announcement.
SAMRUDDHI REALTY LIMITED
Our Company was originally incorporated on November 28, 2003, as "Samruddhi Realty Private Limited* under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kamataka, Bangalore. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on January 18, 2010 and the name of our Company was changed to "Samruddhi Realty Limited* vide a fresh Certificate of Incorporation dated March 31, 2010 issued by the Registrar of Companies, Karnataka, Bangalore. For details of the changes in our name and Registered Office, please see section titled "History and Certain Corporate Matters* on page 91 of the Prospectus.
Registered Office: 202, Raheja Chambers, 12, Museum Road,
Bangalore, Karnataka - 560001;
PROMOTERS OF THE COMPANY: MR. MANJUNATH VELLORE RAMAKRISHNAN,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 21,70,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH OF SAMRUDDHI REALTY
LIMITED ("SRL" OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT
A PRICE OF RS.12 PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM Of RS.2 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO
RS.260.40 LAKHS, OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH WILL BE
RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION").
THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 20,60,000 EQUITY SHARES
OF FACE VALUE OF RS.10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE
ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.00% AND 29.43%, RESPECTIVELY OF THE POST ISSUE
PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE SEE "TERMS
OF THE ISSUE" ON PAGE 232 OF THE PROSPECTUS. 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 20,60,000 EQUITY
SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVITUAL INVESTORS AND THE
REMAINING TO INDIVITUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND
OTHER INVESTORS INCLUDING CORPORATE BODIES OR INTITUTIONS IRRESPECTIVE OF THE NUMBER OF
SHARES APPLIED FOR. IF THE RETAIL INDVITUAL INVESTOR CATEGORY IS
ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTED THAT HIGHER
PERCENTAGE. THE UNSUBSCRIBED PORTION OF THE NET OFFER TO ANY ONE OF THE CATEGORIES SHALL /
MAY BE MADE AVAILABLE FOR ALLOCATION IN ANY OTHER CATEGORY, IF SO REQUIRED.
The Equity Shares offered through the Prospectus dated March 16, 2013 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 via letter dated March 14, 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. The trading is proposed to be commenced with effect from April 12, 2013. (Subject to receipt of listing and trading approvals from the BSE Limited). 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 186 applications for 25,10,000 Equity Shares resulting in 1.218 times subscription (excluding reserved portion of Market Maker). The details of the applications received in the issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds (Including withdrawals) are detailed below:
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications (After Technical Rejections):
Note: There were 1,10,000 Equity Shares reserved tor Market
Makers wich were fully subscribed by 1 application and there were no Technical Rejections.
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.12/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.209 times. The total number of shares allotted In this category is 12,80,000 Equity Shares as against 12,74,056 Equity Shares reserved for allocation to Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:
C) Allocation to other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs.12/- per Equity Share, was finalised In consultation with BSE. The category was subscribed by 1.005 times. The total number of shares allotted In this category is 7,90,000 Equity Shares as against 7,85,944 Equity Shares reserved for allocation to Other than Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on April 09, 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 allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Order and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on or before April 10, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or before April 10, 2013. Refunds have been made through Direct Credit and NEFT into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Demand Draft 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. The trading Is proposed to be commenced with effect from April 12,2013, subject to reclept of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE:
Sharex Dynamic (India) Private Limited
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 SAMRUDDHI REALTY LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Prospectus.