|Basis of Allotment|
(This is only an advertisement for information purposes and not a prospectus announcement.)
SHRI KRISHNA PRASADAM LIMITED
(Incorporated as 'Shri Krishna Prasadam Private Limited' at Delhi on May 28, 2009 under the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi and Haryana. Subsequently, the Company was converted into a Public Limited company and the name of the Company was changed to "Shri Krishna Prasadam Limited" pursuant to a Shareholders Resolution passed at the Extra Ordinary General Meeting held on December 13, 2013 vide a Fresh Certificate of Incorporation consequent upon change of name dated December 24, 2013 issued by the Registrar of Companies, NCT of Delhi and Haryana.)
Registered Office: 27/5 (Basement), East Patel Nagar, New Delhi -
110008. Tel. No.: +91-11-25812714
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 21,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT PAR, AGGREGATING TO RS. 216 LACS (THE "ISSUE") BY OUR COMPANY, OF WHICH 4,00,000 EQUITY SHARES OF RS. 10 EACH WERE RESERVED FOR SUBSCRIPTION BY OUR PROMOTERS ("PROMOTERS' CONTRIBUTION") AND 1,10,000 EQUITY SHARES OF RS. 10 EACH WERE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE PROMOTERS' CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 16,50,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 44.38% AND 33.90%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of the Prospectus dated March 05, 2014, and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors. The balance net offer to public category shall be available for allotment to (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for. Under subscription, if any, in any category would be allowed to be met with spill over from any of the other categories, at the sole discretion of the Company, in consultation with the Lead Managers and the Designated Stock Exchange.
Explanation: For the purpose of Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, if the retail individual investor category 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.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of the BSE Limited ("BSE"). In terms of the Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) 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 March 03, 2014 from BSE Limited ("BSE") for using its name in the Prospectus for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE.
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 166 applications of 32,20,000 Equity Shares (including Market Maker Application of 1,10,000 Equity Shares and excluding Promoters' Contribution portion of 4,00,000 Equity Shares) resulting in 1.82954 times subscription. After considering, cheque return cases of 18 applications of 2,80,000 Equity Shares, the Issue was subscribed 1.67045 times. The details of applications received in the Issue (before technical rejections and valid withdrawals) are as follows:
Details of Applications received (beforeTechnical Rejection)
The details of applications rejected by the Registrar on technical grounds and details of valid withdrawals are detailed below:
Details of Applications received (after Technical Rejection)
ALLOCATION: The basis of allotment was finalized in consultation with the Designated Stock Exchange i.e. BSE Limited on March 24, 2014.
A. Allocation to Market Maker (After Technical Rejection): 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 1,10,000 Equity Shares consisting of reserved portion of 1,10,000 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 Share, was finalised in consultation with BSE. The category was subscribed by 1.70754 times. The total number of shares allotted in this category is 10,60,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.71186 times. The total number of shares allotted in this category is 5,90,000. The category wise basis of allotment is as under:
D. Allocation to Promoters (After Technical Rejection): The Basis of Allotment to the Promoters, at the issue price of Rs. 10/- per Equity Share, was as per disclosure made in the Prospectus. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 40,00,000 Equity Shares consisting of reserved portion of 40,00,000 Equity Shares.
The Board of Directors of the Company at its meeting held on March 25, 2014 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorised 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/as filled in the application form on or before March 28, 2014. Further, the instructions to Self Certified Syndicate Banks have been dispatched on March 26, 2014. In case the CAN 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 SME Platform of BSE Limited within 12 working days from the closure of the Issue. The trading is proposed to commence on or before March 31, 2014 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of allotment made would also be hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at www.skylinerta.com. 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 has been lodged and payment details at the address of the Registrar to the Issue given below:
SKYLINE FINANCIAL SERVICES 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 SHRI KRISHNA PRASADAM LIMITED.
Note: Capitalised terms used and not specifically defined herein shall have the meaning given to such terms in the Prospectus.