|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
ARYAMAN CAPITAL MARKETS LIMITED
Our Company was incorporated as Aryaman Broking Limited on July 22,2008 under the Companies Act, 1956 bearing Registration No. 184939 and having its Registered Office in Mumbai. Subsequently, vide special resolution dated December 19, 2013 the name of the company was changed to Aryaman Capital Markets Ltd. A fresh Certificate of Incorporation consequent upon change of name was issued on January 27, 2014 by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U65999MH2008PLC184939. For details, see "History and Certain Corporate Matters" on page 106 of this Prospectus.
Registered Office: 60, Khatau Building, Gr. Floor, Alkesh Dinesh
Modi Marg, Fort, Mumbai-400001
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 35,90,000 EQUITY SHARES QF RS.10/- EACH ("EQUITY SHARES") OF ARYAMAN CAPITAL MARKETS LIMITED ("ACML" QR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.12/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS.430.80 LACS ("THE ISSUE"), OF WHICH, 1,90,000 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 34,00,000 EQUITY SHARES OF RS.10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.97% AND 28.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 34,00,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES QR 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 OUR EQUITY SHARES IS RS.10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS.12/- EACH AND THE ISSUE
PRICE IS 1.20 TIMES OF THE FACE VALUE. ISSUE OPENED ON SEPTEMBER 25,2014 AND CLOSED ON OCTOBER 01, 2014.
The Equity Shares of the Company 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 from BSE. However, our Company has received an approval via
letter dated September 04, 2014 from BSE for using its name in the offer document for
listing of our shares on the SME Platform of BSE.
* Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. 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 accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Net Issue has received 117 applications for 39,20,000 Equity Shares resulting in 1.15 times subscription. The details of the applications received in the Net Issue (before and after technical rejections) are as follows:
Detail of the Applications Received
Note: The Issue also include 1,90,000 Equity Shares reserved for Market Maker, which was fully subscribed and there were no Technical Rejections.
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 7,90,000 Equity Shares in Retail Category & over subscription 13,00,000 Equity Shares in Non - Retail Category (excluding the shares applied by market maker). The unsubscribed portion of Retail Category i.e 7,90,000 Equity Share has been added to the Non-Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 13,2014,
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.12/- 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 1,90,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 12/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 9,10,000 Equity Shares. The category was subscribed by 0.54 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retail Category (Alter Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs.12/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 24,90,000 Equity Shares including unsubscribed portion of Retail Category. The category was subscribed by 1.20 times (including original reservation of 17,00,000 shares and spill over from Retail Individual Investors Category of 7,90,000 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 14,2014 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Advices and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. The instructions to Self Certified Syndicate Banks have been processed on or before October 16,2014. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allotted to successful applicants have been 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 12 working days from the Closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 12,2014 ("Prospectus"). INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: http://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 applicant, 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 given below:
BIGSHARE SERVICES PRIVATE LIMITED
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 ARYAMAN CAPITAL MARKETS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
ARYAMAN CAPITAL MARKETS LIMITED is proposing, subject to market conditions and other considerations, a public issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies Mumbai, Maharashtra. The Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Manager at www.bcbbrokerage.com and website of the BSE at www.bseindia.com. Investors should note that investment in equity shares involves a high degree of risk. For details, investors should refer to and rely on the Prospectus, including the section titled "Risk Factors" of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S, persons" (as defined in Regulations under the securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.