|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
VKJ INFRADEVELOPERS LIMITED
Our Company was incorporated as 'VKJ Infradevelopers Private Limited' a private limited company under the companies Act, 1956 pursuant to Certificate of lncorporation dated March 12,2010 bearing registration number 200014 issued by the Registrar of Companies, Delhi. Subsequently, our Company was converted into a public limited company under the Companies Act and the name of Our Company was changed to 'VKJ Infradevelopers Limited' pursuant to fresh certificate of incorporation consequent upon change of name on conversion to public limited company dated May 29,2013 issued by the Registrar of Companies, Delhi. Our corporate identification number is U45400DL2010PLC200014. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 26 and 69, respectively, of the Prospectus.
Registered Office: B-25, First Floor, Dayanand Colony, Lajpat
Nagar, New Delhi - 110024, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 51,00,000 EQUITY SHARES OF RS.10 EACH ("EQUITY SHARES") OF VKJ INFRADEVELOPERS LIMFTED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.25 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS.15 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS.1,275 LACS ('THE ISSUE"), OF WHICH 2,64,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 48,36,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS.25 PER EQUITY SHARE AGGREGATING RS.1,209 LACS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.57% AND 27.09% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR 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 ISSUE OF 48,36,000 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE PRICE OF RS.25 IS 2.5 TIMES OF THE FACE VALUE
ISSUE OPENED ON MONDAY, AUGUST 12, 2013
PROPOSED LISTING: FRIDAY, AUGUST 30, 2013
The Equity Shares offered through this 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, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company had received an approval letter dated August 2,2013 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from Friday, August 30,2013*.
*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 141 applications for 51,84,000 Equity Shares resulting in
1.02 times subscription (including reserved portion of Market Maker). The details of the
applications received in the Issue (before technical rejections and after cheque returns)
are as follows:
The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below:
Technical rejection / Withdrawal
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
After technical rejections
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 26,2013.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of 7 25/- 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 2,64,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of 725/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.30 times i.e. for 7,14,000 equity shares. Due to under subscription all the valid applicants in this category have been given full and firm allotment of 6,000 equity shares each and the under subscribed portion, being 17,04,000 shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of 7 251- per Equity Share, was finalised in consultation with BSE. The category was subscribed 1.73 times. After adding the spill over 17,04,000 equity shares from Retail individual Investors category the category was subscribed by 1.11 times. The total number of shares allotted in this category is 41,22,000 Equity Shares to 18 successful applicants on proportionate basis. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on
August 27,2013 has taken on record the Basis of Allocation of Equity Shares approved by
the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for
the transfer of the Equity Shares to various successful applicants.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated August 3,2013 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, 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 of the Registrar given below:
SHAREPRO SERVICES (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 VKJ INFRADEVELOPERS LIMITED.