|Basis of Allotment|
|(This is a public annauncement for information purposes and not a
prospectus announcement Not for distribution outside India.)
PRABHAT TELECOMS (INDIA) LIMITED
Our Company was originally incorporated as "Prabhat Telecommunication Private Limited" in Mumbai. Maharashtra under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated 02nd April, 2007 bearing Registration Number 169551 issued by the Registrar of Companies, Mumbai, Maharashtra. The name of our Company was changed from Prabhat Telecommunication private Limited to Prabhat Telecoms (india) Private Limited with effect from 23rd May, 2007 vide fresh certificate of incorporation issued by the Registrar of Companies, Mumbai, Maharashtra. Our Company was converted in to a Public Limited and Consequently the name was changed to "Prabhat Telecoms (india) Limited" vide fresh Certificate of incorporation dated 22nd April, 2013 issued by the Registrar of Companies, Mumbai, Maharashtra.
Registered Office: 2, Geetanjali Apartments,
Manchhu Bhai Road, Near Manali Hotel, Near Subway, Malad (East). Mumbai-409 097
PROMOTERS OF OUR COMPANY: MR. VISHWAMANI TIWARI
BASIS OF ALLOTMENT
PUBLIC OFFER OF 22,00,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ( "EQUITY SHARES") OF PRABHAT TELECOMS (INDIA) LI MITED (" PRABHAT' OR THE "PTIL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE (THE "OFFER PRICE") THROUGH AN OFFER FOR SALE BY MR. VlSHWAMANI TIWARI & M/S. VEE THREE INFORMATICS LIMITED ("THE SELLING SHAREHOLDERS"} AGGREGATING RS 1122.00 LAKHS ("THE OFFER"), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE, AGGREGATING RS. 61.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE OFFER (THE " MARKET MAKER RESERVATION PORTION").THE OFFER LESS MARKET MAKER RESE RVATION PORTION I.E. OFFER OF 20,80,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 51 PER EQUITY SHARE, AGGREGATING RS. 1060.80 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET OFFER", THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.46% AND 25.02% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 9th July, 2016 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made availabl to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail inveslors 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 speeded in (a) or (b) shall/may be made availableble 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
OFFER PRICE IS RS. 51/- EACH.
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, Company is not required to obtain an in-principle approval of the shares being offered in this Offer. However Company has received an approval letter dated 9th May, 2016 From BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.
All Applicants are mandatorily to participate in The Offer Ihrough 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 Certllied Syndicate Banks (the "SCSBs").
The Offer has received 286 applications for 28,74,000 Equity Shares (including Market Maker Application of 1,20,000 Equity Shares) resulting 1.306 times subscription. The details of the applications received in the Offer (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rerecied by the Registrar on technical grounds (including withdrawals) are detailed below:
Details of the Valid Applications Received (After Technical Rejection & withdrawal);
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 29th July, 2016.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Mater; at the Offer price of Rs. 51/- per Equity Share, was finalised in consultation with BSE The category was subscribed by 1.000 time. The total number of shares allotted in this category is 1,20,000 Equity shares in full out of reserved portion of 1,20,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawl): The Basis of Allotment to the Retail Individual Investors, at the Offer pice of Rs. 51/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.219 times. Total number of shares allotted in this category is 2,28,000 Equity Shares. The balance 8,12,000 Equity Shares has been spilled over to Non Retail Investors category. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the offer price of Rs. 51/-per Equity Share, was finalized m consultation with BSE. The category was subscribed by 2.362 times. Total number of shares allotted in this category is 18,52,000 Equity Shares Including spill over of 8,12,000 Equity Shares from Retail Individual category. The category wise basis, of allotment is as under:
The Board of Directors of the Company at its meeting held on 30th July. 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz, BSE and has authorized the corporate action for the transfer of the Equity Shares/dispatch of share certificates to various successful applicants. The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories. / as filled in the application form On or before 1st August 2016. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 1st August, 2016. In case the same is not received within 10 days, investors may contact al 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 tating steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within Six working days from the date Of the Closure of the offer. The trading is proposed to be commenced on or before 3rd August, 2016 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 Offer, Cameo Corporate Services Limited at www.cameoindia.com All future correspondence in this regard may kindly be addressed to the Registrar to the offer quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for and ASBA Bank details at the address of the Registrar given below:
CAMEO CORPORATE SERVICES LTD
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 PROSPECTUS OF PRABHAT TELECOMS (INDIA) LIMITED
Note All capilahzed terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.