|Basis of Allotment|
|(This is only an advertisemert for information purpose. This
is not a Prospectus announcement and does not constitute an invitation or offer to aquire,
purchase or subscribe for secutibes. Not for publication or distribution, directly or
indirectly outside India.)
DRA CONSULTANTS LIMITED
Our Company was incorporated as "DRA Consultants Private Limited" at Nagpur, Maharashtra as a private limited company under the provision of the companies Act, 1956 vide certificate of incorporation dated May 05, 2009 bearing corporate Identification Number U93090MH2009PTC192183 issued by Registrar of Companies, Maharashtra. Mubai. Subsequently, our Company was converted into a Public Limited Company pursuant to Shareholders resolution passed at the Extra Ordinary General Meeting of our company held on July 28, 2016 and the name of our company was changed to "DRA Consultants Limited" and a fresh certificate of incorporation conswquent upon conversion from private company to public company dated August 24, 2016 was issued by the Registrar of companies, Maharashtra, Mumbai. For Details of incorporation , change of name and Registrar office of our company , please refer to chapter titled "General information" and 'our History and certain other Corporate Matters' begining on Page 64 and 138 respectively of the prospectus.
Registered Office: Plot No 58 Ingole Naga,. Wardha
Road, Nagpur-440005, Maharashtra, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 29,60,000 EQUITY SHARE OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARE") OF DRA CONSULTANTS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 10 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 296.00 LAKHS ("THE ISSUE'"). OF WHICH 1,60,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT APRICE OF RS 10. PER EQUITY SHARE , AGGREGATING RS. 16.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28,00,000EQUITY SHARE OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 10 PER EQUITY SHARE , AGGREGATING RS. 280.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.98% AND 25.52% RESPECTIVELY Of THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated September 26,2016 and as per Regulation 43(4)
of SEBI (ICDR) Regulations, 2009 wherein
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
The Equity Shares offered through the offer Document are proposed to be listed on the SME platform of BSE Limited ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated September 22, 2016 from BSE for using its name in the oprospectus for listing of our Shares on BSE SME . The designated stock exchange is BSE SME.
The issue has received 1069 applications for 3,65,90,000 Equity shares (Before Technical Rejections) (Including Market Maker Application of 1,60,000 Equity Shares) resulting 12.36 times subscription After consideration , Technical Rejection cases, the issue was subscribed 12.20 times (including the Market Maker Portion .
The details of application 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 Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on October 07, 2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 1.00 times. The total number at shares allotted in this category is 1,60,000 Equity shares in full out of reserved portion of 1,60,000 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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 7.31 times. Total number of shares allotted in this category is 14,00,000 Equity Shares. The category wise basis of allotment is as under-
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs. 10/-per Equity Share, was finalizad in consultation with BSE. The category was subscribed by 18.36 times. Total number of shares allotted in this category is 14,00,000 Equity Shares, The category wise basis of allotment is as under;
The Board of Directors of the Company at its meeling held on October 07,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/as filled in the application form an or before October 13, 2016. Further, the instructions to SCSBs shall be issued on October 10, 2016 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the Registrar to the Issue at the address given below. The Cornpany is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the issue. The trading is proposed to commence on or before October 14,2016 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar 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 ard payment details at the address at the Registrar given below:
BIGSHAHE SERVICES PRIVATE LIMITED|
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 DRA CONSULTANTS LIMITED.
Note: All capitalized terms used and not defined herein shall have respective meanings assigned to them in the Prospectus.