|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement.)
STARLIT POWER SYSTEMS LIMITED
Corporate Identity Number: U37200DL2008PLC174911
Our Company was incorporated as Starlit E Recyclers Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 04,2008, in Delhi. Subsequently, Our Company was converted into a public limited company vide fresh certificate of incorporation dated January 25,2012. Further, the name of our Company was changed to "Starlit Power Systems Limited' vide fresh certificate of incorporation dated February 13,2012, in Delhi. The Corporate Identification Number of Our Company is U37200DL2008PLC174911. For details of change in registered office of our Company please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 110 of the Prospectus.
Registered Office: A-1/20, LGF, Safdarjung Enclave, New Delhi
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 16,40,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FULLY PAID UP OF STARLIT POWER SYSTEMS LIMITED ("SPSL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 18/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 8/- PER EQUITY SHARE AGGREGATING RS 295.20 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 88,000 EQUITY SHARES OF RS 10/- FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,52,000 EQUITY SHARES OF RS 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.82% AND 25.38%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR)
REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME.
PROPOSED LISTING: OCTOBER 22,2014
The Equity Shares issued through the prospectus are proposed to be listed on the SME
Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009,
as amended, we are not required to obtain an in-principle listing approval for the shares
being issued in this Issue. However, our Company has receivedan approval letter dated May
16, 2014 from BSE for using its name in the prospectus for listing of our Equity shares on
the SME Platform of BSE. For the purpose of this issue, the Designated Stock Exchange will
be the BSE Limited ("BSE").The trading is proposed to be commenced with
effect from October 22, 2014*.
Detail of the Applications Received (Before Technical Rejection & After Cheque Return)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
After eliminating technically rejected applications, the following tables gives us Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 17, 2014.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 18/- 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 88,000 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
18/- per Equity Share, was finalised in consultation with BSE. The category was subscribed
by 1.19 times. The total number of shares allotted in this category is 7,76,000 Equity
Shares to 115 successful applicant.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections& Withdrawal):
The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.78 times. The total number of shares allotted in this category is 7,76,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on October 18, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before October 20, 2014. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to October 20, 2014. In case the same is not received within ten days, investors may contact Registrar 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. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated September 15,2014 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.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:
BIGSHARE SERVICES 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 THE STARLIT POWER SYSTEMS LIMITED.