|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
KUSHAL TRADELINK LIMITED
Our Company was incorporated as Kushal Tradelink Private Limited on March 03, 2000 under the Companies Act, 1956, bearing Registration No. 037472 having its Registered Office in Ahmedabad, Gujarat. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution passed by the members of our Company at the EGM held on January 15, 2013. A fresh Certificate of Incorporation consequent to change of. name as a result of conversion to a public limited company was issued on March 01, 2013 by the Registrar of Companies, Ahmedabad, Gujarat. For further details regarding the changes in our name and registered office, please see the chapter titled "History and Certain Corporate Matters" beginning on page 98 of the Prospectus.
Registered Office: Plot No. 43, B/S Navneet Prakashan Press, B/H
Govt 'G' Colony, Sukhramnagar, Gomtipur, Ahmedabad - 380023, Gujarat. Tel.: +91
-79-22772991 / 95;
PROMOTERS OF THE COMPANY: MR. SANDEEP AGRAWAL AND MR. MAHENDRA AGRAWAL
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 79,28,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") OF KUSHAL TRADELINK LIMITED ("KTL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 35 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 2774.80 LACS ("THE ISSUE"), OF WHICH, 4,08,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE CHAPTER "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.e. ISSUE OF 75,20,000 EQUITY SHARES OFRS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.41% AND 31.69%, 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 75,20,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE 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 OP OUR EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS. 35/- EACH AND THE ISSUE PRICE IS 3.5 TIMES OF THE FACE VALUE. ISSUE OPENED ON AUGUST 14, 2013 AND CLOSED ON AUGUST 21, 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 September 04, 2013.*
The Net Issue has received 328 applications for 94,84,000 Equity Shares resulting in 1.20 times subscription. 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)
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 29,84,000 Equity Shares in Retail Category & over-subscription, of 43,60,00 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 29,84,000 Equity Shares has been added to the Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - B6E Limited on August 28, 2013.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of 135/- 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 4,08,000 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. 35/- per Equity Share, was finalised In consultation with BSE. The total number of shares allocated in this category is 7,76,000 Equity Shares. The category was subscribed by 0.21 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. 35/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 67,44,000 Equity Shares (including un-subscribed portion of 29,84,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.79 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 August 29, 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 August 31, 2013. Further, the instructions
to Self Certified Syndicate Banks have been processed on or before August 31, 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 days, investors may contact
at the address given below. The Refund Advices are accompanied with Demand Drafts which
have been over-printed with the bank account details as registered, if any, with the
depositories. 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 06, 2013
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: http://www.bigshareonline.com
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:
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 KUSHAL TRAKELINK LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
KUSHAL TRADELINK 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 Ahmedabad, Gujarat. The Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Manager at www.afsl.co.in and website of the BSE at www.bseindia.com. Investor should note that investment in equity shares involves a high degree of risk. For details, investors should refer to and rely on the Prospectus, including the section titled "Risk Factors" of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S, persons" (as defined in Regulations under the securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.