|Basis of Allotment|
This is only an advertisement for information purposes and not a Prospectus announcement.
INDIA FINSEC LIMITED
Our Company was originally incorporated as Dynasore Leasing and Holding Private Limited on August 10, 1994 under the Companies Act, 1956 bearing Registration No. 060827 having its Registered Office in Delhi. Pursuant to a special resolution passed by the members on December 09, 2011, the name of the Company was changed to India Finsec Private Limited. Later the Company became a Public Limited Company pursuant to a special resolution passed by the members of our Company on December 19, 2011. For further details regarding the changes in our name and registered office, kindly refer to the Chapter titled "History and Certain Corporate Matters" beginning on page 95 of the Prospectus. The Company's Corporate Identity Number is U65923DL1994PLC060827.
Registered and Corporate Office: D-16, 1st Floor, Above ICICI
Bank, Prashant Vihar, Sector - 14, Rohini,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 60,00,000 EQUITY SHARES OF Rs. 10/- EACH ("EQUITY SHARES") OF INDIA FINSEC LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT PRICE OF Rs. 10/- PER SHARE AGGREGATING TO Rs. 600.00 LACS ("THE ISSUE"), OF WHICH, 6,50,000 EQUITY SHARES OF Rs. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS (THE "PROMOTERS CONTRIBUTION") AND 3,50,000 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 50,00,000 EQUITY SHARES OF Rs. 10 EACH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.86% AND 25.72%, 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 50,00,000 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 INVETORS 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 PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
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.
THE FACE VALUE OF OUR EQUITY SHARES IS Rs. 10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS 1.0 TIMES OF THE FACE VALUE. ISSUE OPENED ON MAY 24, 2013 AND CLOSED ON MAY 28, 2013.
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 April
30, 2013 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 June 11, 2013.*
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 Net Issue has received 428 applications for 70,00,000 Equity Shares resulting in 1.40 times subscription (excluding reserved portion of Promoters Contribution & Market Maker). The details of the applications received in the Net Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection)
Detail of the Applications Received (After Technical Rejection)
Note: There were 6,50,000 Equity Shares & 3,50,000 Equity Shares reserved for Promoters & Market Makers respectively, which were fully subscribed by them and there were no Technical Rejections.
Retail Individual Investors have subscribed to the extent of 75.9644% of the total valid subscription of 67,40,000 equity shares for the Net Issue. Accordingly Retail Individual Investors have to be allotted 75.9644% of 50,00,000 equity shares offered as Net Issue to the Public i.e 37,98,220 shares as per SEBI (ICDR) Regulations. Balance 12,01,780 equity shares are offered to Non - Retail Category. Further an excess of 1,780 Equity Shares retained for the Retail Individual Investors for rounding off while finalizing the Basis of Allotment to the nearest minimum allotment lot. Accordingly 38,00,000 Equity Shares has been allocated to Retail Individual Investors and 12,00,000 Equity Shares has been allocated to Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on June 05, 2013.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.10/- 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 3,50,000 Equity Shares. 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.10/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 38,00,000 Equity Shares (including 1,780 excess Equity Shares due to rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size)). The category was subscribed by 1.3480 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. 10/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 12,00,000 Equity Shares (excluding 1,780 Equity Shares due to rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size)). The category was subscribed by 1.3480 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 June 06, 2013 has taken on record the Basis of Allotment of Equity Shares, as 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 on or before June 08, 2013. Further, the instructions to
Self Certified Syndicate Banks have been processed on or before June 08, 2013. 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 day, investors may
contact at the address given below. The Refund
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated May 13, 2013 ("Prospectus").
INVESTORS PLEASE NOTE:
Skyline Financial Services Private Limited
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 INDIA