| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement.) SILVERPOINT INFRATECH LIMITED Our Company was incorporated as 'Silverpoint Marketing Private Limited' a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated March 18,1997 bearing registration number 21 -83457 of 1997 issued by the Registrar of Companies, West Bengal. Subsequently, the name of our Company was changed to 'Silverpoint Infratech Private Limited and received the Fresh Certificate of Incorporation dated April 17,2008 issued by the Registrar of Companies, West Bengal. Our Company was converted into a public limited company and the name of our Company was changed to 'Silverpoint Infratech Limited' pursuant to a fresh certificate of incorporation consequent upon change of name on conversion to public limited company dated April 30, 2008 issued by the Registrar of Companies, West Bengal. Our corporate identification number is U45400WB1997PLC083457. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 28 and 66, respectively, of the Prospectus. Registered Office: 301,3rd Floor, Ananta Bhawan, 94 Vivekanand
Nagar, P.O. Podrah, Andul Road, Near Westbank Hospital, Howrah - 711 109, West Bengal PROMOTERS OF THE COMPANY: MR. SANJAY KUMAR DROLIA, MR. MOHAN LAL SUREKA, SAFFRON VINIMAY PRIVATE LIMITED AND SHIVMANGAL COMMERCIAL PRIVATE LIMITED BASIS OF ALLOTMENT PUBLIC OFFER OF 80,00,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF SILVERPOINT INFRATECH LIMITED (THE "COMPANY") THROUGH AN OFFER FOR SALE OF 40,00,000 EQUITY SHARES BY SAFFRON VINIMAY PRIVATE LIMITED AND 40,00,000 EQUITY SHARES BY SHIVMANGAL COMMERCIAL PRIVATE LIMITED ("SELLING SHAREHOLDERS") FOR CASH AT A PRICE OF RS15 PER EQUITY SHARE (THE "OFFER PRICE"), AGGREGATING RS 1,200 LACS ("THE OFFER"). THE OFFER COMPRISES A RESERVATION OF 4,16,000 EQUITY SHARES OF RS.10 EACH FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATTION PORTION I.E. OFFER OF 75,84,000 EQUITY SHARES OF RS 10 EACH FOR CASH AT A PRICE OF RS 15 PER EQUITY SHARE AGGREGATING RS 1,137.60 LACS IS HEREINAFTER REFERED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 40.43% AND 38.32% RESPECTIVELY OF THE FULLY DILUTED POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. In terms of Prospectus dated July 31,2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to individual applicants other than retail investors and other investors including corporate bodies / institutions irrespective of no. 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 in any other category, if so required. Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE OFFER PRICE IS RS 15 EACH.
The Equity Shares offered through the 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, Company is not required to obtain an in-principle listing approval of the shares being offered in this Issue. However Company has received an approval letter dated July 19,2013 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 ("BSE"). The trading is proposed to be commenced with effect from Wednesday, August 28,2013*. *Subject to receipt of listing and trading approvals from the BSE Limited. All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). SUBSCRIPTION DETAILS The Issue has received 181 applications for 90,72,000 Equity Shares (Including Market Maker Application of 416000 Equity Shares) resulting 1.13 times subscription. After considering Technical rejection cases of 11 applications of 96000 shares, the Issue was subscribed 1.12 times. The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received Before Technical Rejection & withdrawal of application):
Details of Rejection cases across all categories,
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 22,2013. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 4,16,000 Equity shares in full out of reserved portion of 4,16,000 Equity Snares. B. Allocation to Retail Individual Investors (After Technical Rejections b Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.28 times i.e. for 10,72,000 shores. Due to under subscription all the applicants in this category have been given full and firm allotment and the under subscribed portion, being 27,20,000 shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category. C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.97 times. After adding the spill over 27,20,000 equity shares from Retail individual Investors category, the category was subscribed by 1.15 times. The total number of shares allotted in this category is 65,12,000 Equity Shares to 35 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 22,2013 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 transfer of the Equity Shares/dispatch of share certificates to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before August 24,2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to August 24,2013. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being 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 twelve working days from the date of the closure of the Issue. INVESTORS PLEASE NOTE BIGSHARE SERVICES PRIVATE LIMITED
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 SILVERPOINT INFRATECH LIMITED. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus |
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