|Basis of Allotment|
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S R G SECURITIES FINANCE UNITED
Our Company was incorporated as S R G Securities Finance Limited on March 06,1995 under the Companies Act, 1956 bearing the Registration Number 009631 having registered office in Udaipur, Rajasthan. For further details regarding the changes in our registered office, please see the chapter titled "History and Certain Corporate Matters" beginning on page 84 of the Prospectus.
Registered Office: 322, S. M. Lodha Complex, Near Shastri Circle, Udaipur -
313001, Rajasthan. Tel.: +91 - 294 - 2561882 / 2412609; Fax: +91 - 294 -
PUBLIC ISSUE OF 25,08,000 EQUITY SHARES OF RS 10/- EACH ("EQUITY SHARES") OF S R G SECURITIES FINANCE LIMITED ("SSFL" OR THE "COMPANY'' OR THE "ISSUER") FOR CASH AT A PRICE OF RS 20/- PER SHARE (THE "ISSUE PRICE'), AGGREGATING TORS 501.60 LACS ("THE ISSUE"), OF WHICH, 3,90,000 EQUITY SHARES OF RS 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS (THE "PROMOTERS CONTRIBUTION") AND 1,38,000 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 19,80,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 64.72% AND 51.09 %, 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 19,80,000 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 per Regulation 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 20/- EACH AND THE ISSUE PRICE IS 2.0 TIMES OF THE FACE VALUE. ISSUE OPENED ON OCTOBER 07, 2013 AND CLOSED ON OCTOBER 14,2013.
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 September 11, 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 October 29,2013.*
* Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as per Regulation 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 139 applications for 25,32,000 Equity Shares resulting in 1.279 times subscription. The details of the applications received in the Net Issue are as follows:
Detail of the Applications Received (Before Technical Rejection):
Detail of the Applications Received (After Technical Rejection)
Note: The Issue also includes 3,90,000 Equity Shares & 1,38,000 Equity Shares reserved for Promoters & Market Makers respectively, which were fully subscribed by them and there were no Technical Rejections.
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 5,34,000 Equity Shares in Retail Category & over-subscription of 10,44,000 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 5,34,000 Equity Shares has been added to the Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on October 22, 2013.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 20/- 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 1,38,000 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 20/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 4,56,000 Equity Shares. The category was subscribed by 0.461 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 20/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 15,24,000 Equity Shares (including un-subscribed portion of 5,34,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.335 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 October 23,2013 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 October 24,2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or before October 24,2013. 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 September 19,2013 ("Prospectus").
INVESTORS PLEASE NOTE:
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited al Website: http://www.sharexindia.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:
Sharex Dynamic (India) Private Limited
Unit No.1, Luthra Indl. Premises, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai
400 072, Maharashtra, India.
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING QR THE BUSINESS PROSPECTS OF S R G SECURITIES FINANCE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
S R G SECURITIES FINANCE 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 Jaipur, Rajasthan. 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.