|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement)
NEWEVER TRADE WINGS LIMITED
Our Company was incorporated as 'Newever Infrahomes Private Limtied' a private limited company under the Companies Act, 1956 pursuant to Certificate of incorporation dated April 27, 2012 issued by the Registrar of Companies, West Bengal. Subsequently, our Company was converted into a public limited company and the name of our Company was changed to 'Newever infrahomes Limited' pursuant to a Fresh Certificate of Incorporation dated June 7, 2012 issued by the Registrar of Companies. West Bengal The name of our Company was further was changed to 'Newever Trade Wings Limited' pursuant to a Fresh Certificate of incorporation dated June 17, 2013 issued by the Registrar of companies, West Bengal. Our corporate identification number is U74999WB2012PLC181106. 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.
Registerd Office: 238B, A. J. C. Bose Road. Unit 4B,
Fourth Floor, Kolkata -700 020, West Bengal
OUR PROMOTER: DUNHIL HEALTHCARE PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 63,20,000 EQUITY SHARES Of FACE VALUE OF RS.10 EACH
("EQUITY SHARES") OF NEWEVER TRADE WINGS LIMITED (THE "COMPANY" OR THE
"ISSUER") FOR CASH AT PAR, AGGREGATING RS. 632.00 LACS ("THE ISSUE"),
OF WHICH 3,20,000 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 60,00,000 EQUITY SHARES OF RS.10 EACH
FOR CASH AT PAR AGGREGATING RS.600.00 LACS IS HEREINAFTER REFERRED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.39% AND 25.06% RESPECTIVELY OF
THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE
PRICE OF RS.10 IS 1 TIME OF THE FACE VALUE
PROPOSED LISTING: THURSDAY, OCTOBER 17, 2013*
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limiled ("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 has received an approval letter dated September 20, 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 Thursday, October 17, 2013*.
*subject to receipt of listing and trading approvals trom the BSE Limited.
All Applicant were allowed to participate in ihe issue through APPLICATIONS SUPPOSED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding applicalion amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The issue has received 475 applications for 92,20,000 Equity Shares resulting in 1.46
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
ground / withdrawal are detailed below:
After eliminating Technically Rejected applications, the following
tables gives the details of category wise net valid applications:
The Basis of Allotment was finalised in Consultation with the Designated Stock Exchange - BSE Limited on October 11, 2013.
A. Allocation to Market 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 3,20,000 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 rs 10/- per equity
shares , was finalised in consultation with BSE. The category was subscribed by 1.41
times. The total number of shares allotted in this category is 33,10,000 equity shares.
The Category-wise details of the Basis of Allotment are as under:
C. Allccalion to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs.10/- per Equity Share, was flinalised in consultation with BSE. The category was subscribed 1.41 times. The total number of shares allotted in Ihis category is 26,90,000 Equity Shares.
^The non-retail category has applied for 44.85% of the valid applications under
the net offer to public. Further owing to roundig off 1,124 less shares have been
apportioned to be allotted to the non retail investors.
The Board of Directors of the Company at its meeting held on October 11, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Sidck Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares 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 on October 14, 2013. Futher, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to October 14, 2013. In case the same is not received within l0 days, investors may contact at the address giver below. Refunds have been made through Direct credit, RTGS and NEFT. into the Bank Accounts of the applicants, as registered with the depositories. 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 Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account deteils with the depositories concerned. The Company is taking sleps to get the Equity Shares admittad for teading on the SME Platform of BSE Limited within twelve work days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the Prospectus dated September 20, 2013
The details of the allotment made would also be hosted on 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 Farm, 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 SHOU LD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF NEWEVER TRADE WINGS LIMITED.