|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
WOMEN'S NEXT LOUNGERIES LIMITED
Our Company was incorporated as "Shree Shiv Lingeries Private Limited" under the provisions of the Companies Act. 1956 vide Certificate of Incorporation dated December 22, 2010 bearing Registration No. 211237, in Mumbai, Maharashtra. Subsequently, the name of Our Company was changed to "Women's Next Loungeries Private Limited" vide fresh certificate of incorporation dated September 10, 2013 bearing registration no. 211237. Later Our Company was converted into a public limited company vide fresh certificate of incorporation dated December 12, 2013 and consequently the name of our Company was changed to "Women's Next Loungeries Limited". The Corporate Identification Number of our Company is U18204MH2010PLC211237. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 115 of the Prospectus.
Registered Oflice:101 -105, Indian Complex, Bldg No.28,1st Floor,
Dapode Village, Bhiwandi - 421329,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 10,00,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS.65 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 55 PER EQUITY SHARE) AGGREGATING RS.650 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 52,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 9,48,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40 % AND 37.92 %, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY
In terms of Prospectus dated March 14, 2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/- EACH AND THE ISSUE PRICE OF RS. 65 IS 6.5 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 28, 2014 AND CLOSED ON APRIL 07, 2014.
The Equity Shares offered through the Prospectus 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. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated March 12, 2014 from BSE for using its name in the Prospectus for listing of our Shares on BSE. The designated stock exchange is BSE Limited.
All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 410 applications for 14,54,000 Equity Shares (including Market Maker Application of 52,000 Equity Shares) resulting in 1.45 times subscription. After considering the Cheque Returns, Withdrawals and Technical/Multiple Rejections cases, the Issue was subscribed 1.1 times (including the Market Maker Portion).
The details of the applications received ( before technical rejection and withdrawal of application but after cheque returns)
The details of applications rejected by the Registrar on technical grounds/ Multiple application rejection cases (including withdrawals) are detailed below:
The details of applications received (After Technical Rejections/ Multiple Application Rejection):
*Arrived as per Designated Stock Exchange in terms of SEBI ICDR Regulations
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 16, 2014.
A) Allocation to Marker Maker (After Technical Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.65/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 52,000 Equity Shares in full out of reserved portion of 52000 Equity Shares.
B) Allocation to Retail Individual Investors (After Technical Rejections and
Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the issue
price of Rs.65/- per Equity Share, was finalised in consultation with BSE. The category
was subscribed by 1.12 times. The total number of shares allotted in this category is
6,22,000 Equity Shares as against 6,94,000 Equity Shares proportionately allocable to
Retail Individual Investors Category.
C) Allocation to other than Retail Individual Investors (After
Technical Rejections/ Multiple Application Rejection and Withdrawals): The Basis of
Allotment to the Other than Retail Individual Investors, at the issue price of Rs.65/- per
Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.12
times. The total number of shares allotted in this category is 3,26,000 Equity Shares as
against 3,64,000 Equity Shares reserved for allocation to Other than Retail Individual
The Board of Directors of the Company on April 16, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for transfer of the Equity Shares / dispatch of share certificates 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 / as filled in the application form on or before April 18, 2014 Further, the instructions to SCSBs are being processed on April 18, 2014. In case the same is not received within 10 days, investors may contact at the address given below. 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. The trading is proposed to commence on or before April 22, 2014 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, at www.linktime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
LINK INTIME LINK INTIME INDIA PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF WOMEN'S NEXT LOUNGERIES LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. Raka