|Basis of Allotment|
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STELLAR CAPITAL SERVICES LIMITED
Our Company was incorporated as Stellar Capital Services Private Limited on October 20,1994 under the Companies Act, bearing Registration No. 062247 having its Registered Office in Delhi. Subsequently, the Company became a Public Limited Company pursuant to a special resolution passed by the members of our Company at the EGM held on June 27, 2013. For further details regarding the changes in our name and registered office, please see the chapter titled "History and Certain Corporate Matters" beginning on page 94 of the Prospectus. The Company's Corporate Identity Number is U74899DL1994PLC062247
Registered Office: 314, R.G. Mall, Sector-9, Rohini,
PROMOTERS OF THE COMPANY: MR. ASHISH BANSAL, MR. VIKRAM SHARMA AND M/S. TECHNOFAB CONSTRUCTIONS PVT. LTD.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 45,00,000 EQUITY SHARES OF A FACE VALUE RS.10/- EACH ("EQUITY SHARES") OF STELLAR CAPITAL SERVICES LIMITED ("SCSL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.20/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 900 LACS (THE "ISSUE") OF WHICH, 2,46,000 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 MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 42,54,000 EQUITY SHARES OF RS.10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.18% AND 25.70%, 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 42,54,000 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 15, 2013 AND CLOSED ON OCTOBER 18, 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 October
01, 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 November 01, 2013.*
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 Issue has received 130 applications for 50,88,000 Equity Shares resulting in 1.131 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue are as follows:
Detail of the Applications Received (Before Technical Rejection)
Detail of the Applications Received (After Technical Rejection)
Note: There were no Technical Rejections in any of the above mentioned categories.
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. An oversubscription to the extent of 10% of the issue can be retained for the purpose of rounding off while finalizing the Basis of Allotment to the nearest integer during finalizing the allotment, subject to minimum allotment lot. Accordingly oversubscription of 6,000 Equity Shares has been retained for the purpose of rounding off to the lower nearest multiple of 6,000 equity shares resulting in increase in the Issue Size to 45,06,000 Equity Shares aggregating to Rs.901.20 Lacs. Further, there was under-subscription of 14,28,000 Equity Shares in Retail Category & over-subscription of 20,16,000 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 14,28,000 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 25, 2013.
A) Allocation to Marker 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 2,46,000 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 7,02,000 Equity Shares. The category was subscribed by 0.330 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 35,52,000 Equity Shares (including un-subscribed portion of 14,28,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.166 times. Further additional of 6,000 Equity Share were allocated for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot size).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
25, 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 29, 2013. Further, the instructions to Self Certified
Syndicate Banks have been processed on or before October 29, 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.
INVESTORS PLEASE NOTE:
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:
Skyline Financial Services Private Limited
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 STELLAR CAPITAL SERVICES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
STELLAR CAPITAL SERVICES 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 New Delhi. 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.