|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
VCU DATA MANAGEMENT LIMITED
Our Company was originally incorporated as "VCU Data
Management Limited." on 13/03/2013 under the Companies Act, 1956 vide Certificate of
Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Simultaneously, a
Certificate for Commencement of Business was issued to us by the Registrar of Companies,
Maharashtra, Mumbai on 15/05/2013.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 75,00,000 EQUITY SHARES OF RS.10/- EACH (EQUITY SHARES OF VCU DATA MANAGEMENT LIMITED ("VCU", "THE COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS.25/- PER EQUITY SHARE (THE ISSUE PRICE) AGGREGATING TO RS.1,875 LACS (THE ISSUE).THE FACE VALUE OF THE SHARE IS RS. 10/-EACH AND THE ISSUE PRICE IS 2.5 (TWO AND HALF) TIMES OF THE FACE VALUE.THE ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"). OUT OF THE PROPOSED ISSUE OF 75,00,000 EQUTTY SHARES, 31,50,000 EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS AND 3,78,000 EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION").THE ISSUE LESS THE PORTION RESERVED FOR THE PROMOTERS AND THE MARKET MAKER i.e. ISSUE OF 39,72,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 48.39% AND 25.63%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE ISSUE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (lCDR) REGULATIONS, 2009AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 39,72,000 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 INVESTORS 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 PROPORIONATE BASIS, THEY SHALL BE ALLOTED 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 FRIDAY, OCTOBER 4,2013 AND CLOSED ON
TUESDAY, OCTOBER 8,2013
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of the BSE Limited ("BSE"). In terms of Chapter XB of SEBI (ICDR) Regulations, 2009 as amended from time to time, we are not required to obtain any inprinciple listing approval for the shares being offered in this Issue. However, the Company has received an approval letter dated 11/09/2013 from BSE for using its name in the Offer Document for listing the shares on the SME Platform of the BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE").The trading is proposed to be commenced with effect from 23-10-2013*.
*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 160 applications for 79,80,000 Equity Shares resulting in 1.06 times subscription (including reserved portion of Promoters & Market Maker). Promoters have brought in the Subscription amount of Rs.7,87,50,000 for 31,50,000 Equity Shares one day prior to the opening of the Issue .i.e. 03.10.2013 under Non-ASBA mode towards Promoters Contribution. The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows: Detail of the Applications Received (Before Technical Rejection)
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
* In the event of under subscription in the retail category i.e. 1398000 equity shares were spilled over to other than retail individual investors category as terms of the Prospectus.
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 18,2013.
A . Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.30 times. The total number of shares allotted in this category is 5,88,000 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. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.13 times. The total number of shares allotted in this category is 33,84,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:
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 Rs.25/-per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.13 times. The total number of shares allotted in this category is 33,84,000 Equity Shares.
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 21,2013 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.
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 21,2013. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to October 19,2013. In case the same is not received within 10 days, investors may contact at the address given 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 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. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated September 13,2013 ("Prospectus").
INVESTORS PLEASE NOTE:
SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF VCU DATA MANAGEMENT LIMITED.