|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
GCM CAPITAL ADVISORS LIMITED
Our Company was incorporated as 'GCM Capital Advisors united' a public limited company under the Companies Act, 1956 pursuant to Certificate of incorporation dated May 9, 2013 issued by the Registrar ot Companies, Maharashtra, Mumbai. Our Company received the Certificate of Commencement of Business on May 31, 2013 issued by the Registrar of Companies, Maharashtra, Mumhai. Our corporate identification number is U65923MH2013PLC243163. For further details of our Company, please refer to the chapters titled 'Genera/ information' and 'History and Certain Corporate Matters' beginning on page numbers 29 snd 69, respectively, of the Prospectus.
Registered Office: 505, Raheja Centre, 214, Free
Press Journal Marg. Nariman Point, Mumbai - 400021, India
OUR PROMOTER: GCM SECURITIES LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 45,00.000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES") OF GCM CAPITAL ADVISORS LIMITED (THE -COM PA NY" OR THE ISSUER") FOR CASH AT A PHlCE OF RS 20 PER EQUITY SHARE, INCLUDING A.SHARE PREMIUM OF RS 10 PER EQUITY SHARE (THE "ISSUE PRICE"'), AGGREGATING RS.900.00 LACS ("THE ISSUE"), OF WHICH 2,28,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PHICE OF RS 20 PER EQUITY SHARE, AGGREGATING RS 45.60 LACS Wl LL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 42,72.000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE. AGGREGATING RS 854.40 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.56% AND 25.22% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE -SEBI REGULATION S"). OUT OF THE NET OFER OF 42,72,000 EQUITY SHARES. NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL IN DIVIDUAL IN VESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTH ER 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 PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EOUITV SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 20 IS 2 TIMES OF THE FACE VALUE
ISSUE OPENED ON MONDAY, MAY 5, 2014
PROPOSED LISTING: WEDNESDAY, MAY 21, 2014
The Equity Shares offered through this 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, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an approval letter dated April 04, 2014 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced wilh effect from Wednesday. May 21. 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 accounls in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (Ihe "SCSBs").
The Issue has received 1233 applications lor 1,38,37,200 Equity Shares resulting in 3.0749 times subscription (including reserved portion of Market Maker). 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
The Basis of Allotment was finalized in consultation with the Designated Stock Exchangen - BSE Limited on May 15, 2014.
A. Allocation to Market Meker (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 2.28.000 Equity Shgres.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basts of Allotment to the Retail Individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 2.3764 times. The total number of shares allotted in this category is 21,36,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:
B. Allocation to Other than Retail Individual Investors (Alter Technical Rejections): The Basis of Allotment to the Other than retail Individual Investors, at the issue price of Rs 20/- per Equity Share, was finalised in consultation with BSE. The category was subscribed 3.7337 times. The total number of shares allotted in this category is 21,38,900 Equity Shares.
The Category-wise details of Ihe Basis ol Allotment are as undsr:
The Board of Directors of the Company at its meeting held on May 16, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchage viz. BSE Limited and has authorized the corporate for the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispaiched to
the address of the Applicants as registered with the depositories on May 19, 2014.
Further, the instructions to Self Certified Syndicate Banks are being dispatched on
or prior to May 19, 2014. In case the same is not received within 10 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 are being dispatched to their
address as registe red with the depositories. En 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 gat 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.
INVESTORS PLEASE MOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, S.K. Infosolutions Private Limited at www.skcinfo.com. 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:
S.K. Infosolutions Private Limited
THE 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 GCM CAPITAL ADVISORS LIMITED.