|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus Announcement.)
TARINI INTERNATIONAL LIMITED
Our Company was originally incorporated as "Tarini International Private Limited" on 20th January, 1999, under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. Our Company was converted in to a public limited company and consequently name was changed to "Tarini International Limited" vide fresh certificate of incorporation dated 8th July, 2011 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. For further details in relation to the changes to the name of our Company, please refer to the section titled "Our History and Corporate Structure" beginning on page 75 of the Prospectus.
Registered office: D-2.1st Floor, Amar Colony, Lajpat Nagar IV, New Delhi-110024; Tel: +91 -11 -26479995/26285364; Fax: +91 -11 -26477996 Accounts and Administrative Office: F-33, Basement, East of Kailash, New Delhi-110065; Email: email@example.com; Website: www.tariniindia.com Contact Person & Compliance Officer: Mr. Amit Arora, Company Secretary & Compliance OfficerPROMOTERS OF THE COMPANY: MR. VAKAMULLA CHANDRA SHEKHAR & MRS. VAKAMULLA ANU NAIDU
BASIS OF ALLOTMENTPUBLIC ISSUE OF 39,78,000 EQUITY SHARES OF RS.10/- EACH ("EQUITY SHARES") OF TARINI INTERNATIONAL LIMITED ("TIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.41/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS.1630.98 LACS ("THE ISSUE"), OF WHICH, 2,01,000 EQUITY SHARES OF RS.10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 37,77,000 EQUITY SHARES OF RS.10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.60% AND 29.06%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 23rd May, 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 made
available 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 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/- EACH AND THE ISSUE PRICE OF EQUITY SHARES IS RS. 41/- EACH. THE ISSUE PRICE IS 4.10 TIMES OF THE FACE VALUE. ISSUE OPENED ON 9TH JUNE, 2014 AND CLOSED ON 13TH JUNE, 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, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 16th May, 2014 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 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 520 applications for 27,75,000 Equity Shares (Including Market Maker Application of 2,01,000 Equity Shares) resulting 0.6976 time subscription before cheque returns and before considering technical rejection cases. The Issue was subscribed to the extent of 0.6833 time after considering the cheque return cases of 57,000 Shares for 19 applications. After considering the Technical Rejections cases of 1,14,000 Shares for 9 applications, the Issue was subscribed 0.6546 time. Since this Issue was fully underwritten, and requisite notice has been sent to Underwriter i.e. Guiness Corporate Advisors Private Limited hence Underwriter has subscribed the shortfall of 13,74,000 Shares and accordingly Issue was subscribed to 1.00 time.
The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejections):
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejections):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 23rd June, 2014.
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs.41/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,01,000 Equity shares in full out of reserved portion of 2,01,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 41/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.743 times. Total number of shares allotted in this category is 14,04,000 Equity Shares. The balance 4,84,500 Shares has been added to Underwriter Category as spill over. 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 issue price of ? 41/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.528 times. Total number of shares allotted in this category is 9,99,000 Equity Shares. The balance 8,89,500 Shares has been added to Underwriter Category as spill over. The category wise basis of allotment is as under:
D. Allocation to Underwriters (After Technical Rejections & Withdrawal): The shortfall of retail category (4,84,500 Shares) and Non Retail category (8,89,500 Shares) has been subscribed by Underwriter at the issue price of Rs.41/- per Equity Share, was finalized in consultation with BSE. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 24th June, 2014 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 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 25th June, 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 25th June, 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 be commenced on or before 27th June, 2014 subject to receipt of listing and trading approvals from BSE Limited.
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in 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:
LINK INTIME LINK INTIME INDIA PVT. 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 PROSPECTS OF TARINI INTERNATIONAL LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.