|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement)
SPS FINQUEST LIMITED
(C.I.N. - U67120MH1996PLC098051)
Our Company was originally incorporated in Mumbai as "Ceenik Holding Pvt. Ltd."on March 12, 1996 under the provisions of the Companies Act, 1956. The name of our Company was further changed to SPS Finquest Pvt Ltd. and a fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies, Mumbai on July 16, 2010. Our Company was converted into a public limited company and consequently, the name of our Company was changed to SPS Finquest Limited and a fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies, Mumbai on April 5, 2013.
The registered office of our company was originally situated at 225/A-l, Shah & Nahar Industrial Estate, S.J. Road, Lower Parel (West) Mumbai, Maharastra 400013. Further the registered office was shifted to Flat no 13-B, Jeevan Satyakam CHS, Ambedkar Road, Bandra (W), Mumbai 400050 w.e.f. 04/04/2009. Further again the registered office was shifted from Flat No 13-B, Jeevan Satyakam CHS, Ambedkar Road, Bandra (W), Mumbai 400050 to G-602, Keshav Kunj-1, Sector30, Vashi, Navi Mumbai, Thane 400703 w.e.f. 17/06/2010. Further again the registered office was shifted from G-602, Keshav Kunj-1, Sector 30, Vashi, Navi Mumbai, Thane 400703 to G-702, Keshav Kunj-1, Sector 30, Vashi, Navi Mumbai, Thane 400703 w.e.f. 02/04/2011. Further again the registered office was shifted from G-702, Keshav Kunj-1, Sector 30, Vashi, Navi Mumbai, Thane 400703 to R-514, 5th Floor, Routunda Building, Bombay Samachar Marg, Fort, Mumbai - 400001 w.e.f. 15/02/2013. For more details, please refer section titled "History and Certain Corporate Matters" on Page No.: 80 of the Prospectus.
Registered Office: R-514,5th Floor, Rotunda
Building, B. S. Marg, Fort, Mumbai - 400 001.
PROMOTERS: MR PRAMOD PREMCHAND SHAH & MR SANDEEP PRAMODKUMAR SHAH
PUBLIC ISSUE OF 33,44,000 EQUITY SHARES OF RS. 10/- EACH (EQUITY SHARES OF SPS FINQUEST LIMITED ("SPS", "THE COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 75/- PER EQUITY SHARE (THE ISSUE PRICE) AGGREGATING TO RS. 2508 LACS (THE ISSUE). THE FACE VALUE OF THE SHARE IS RS.10/- EACH AND THE ISSUE PRICE IS 7.5 (SEVEN 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 33,44,000 EQUITY SHARES, 5,15,200 EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS AND 1,68,000 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 26,60,800 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 74.24% AND 59.08% 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 (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 26,60,800 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 PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE OF RS.75 IS 7.5 TIMES OF THE FACE VALUE ISSUE OPENED ON WEDNESDAY 21st MAY, 2014 AND CLOSED ON FRIDAY 23rd MAY, 2014
PROPOSED LISTING: TUESDAY 3" JUNE, 2014*
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 in principle listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated 19th March, 2014 from BSE for using its name in the Offer Document for listing our shares on the SME Platform of the BSE. Forthe purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced with effectfrom Tuesday, 3rd June, 2014.
* 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 "SCSB's").
The issue has received 234 applications for 3592000 Equity Shares resulting in 1.07 times subscription (including reserved portion of promoters and Market Makers). Promoters have brought in the Subscription amount of Rs.3,86,40,000 for 515200 Equity Shares one day prior to the opening of the issue i.e. on 20 May, 2014 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:
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 1002400 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 29th May, 2014.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 168000 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.75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.25 times.The total number of shares allotted in this category is 328000 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. 75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.10 times. The total number of shares allotted in this category is 2334400 Equity Shares (including spilled over shares from retail category).
The category wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on 30thMay, 2014 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 31thMay, 2014. Further, the instructions of Self Certified Syndicate Banks are being dispatched on or prior to 31thMay, 2014. Incase the same is not received within lO 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 / Pay Order/ Demand Draft are being 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 to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within twelve working days from the date of 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 2ndMay, 2014. ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, UNIVERSAL CAPITAL SECURITIES PVT. LTD. at www.unisec.in. 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 Form, 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:
UNIVERSAL CAPITAL SECURITIES PVT. LTD.
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE OF LISTING OR THE BUSINESS PROSPECTS OF SPS FINQUEST LIMITED.