|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
ATISHAY INFOTECH LIMITED
Our Company was incorporated on March 30, 2000, as "Atishay Infotech Private Limited" under the provisions of the Companies Act, 1956 with the Registr of Companies, Madhya Pradesh, Gwalior. Subsequently, the registered office of our Company was shifted to Mumbai, Maharashtra with effect from March 30, 2009 ar further on February 1, 2013, the name of our Company was changed to "Atishay Infotech Limited" consequent to conversion of our Company from Private to Publ Limited pursuant to Shareholder's Resolution passed at the Extra Ordinary General Meeting held on February 1, 2013 and a fresh Certificate of Incorporation dat: May 13, 2013 issued by the Registrar of Companies, Maharashtra, Mumbai. For details of the changes in our name and registered office, please see section titled "Histo and Certain Corporate Matters" on page 97 of the Prospectus.
Registered Office: Office No. 7, 8th Floor, Navjeevan
Society, Building No. 3, Mumbai Central, Mumbai - 400 008, Maharashtra, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 23,20,000 EQUITY SHARES OF FACE VALUE OFRS. 10.00 EACH ("EQUITY SHARES") OF ATISHAY INFOTECH LIMITED ("OUR COMPANY" OR "TH ISSUER") FOR CASH AT A PRICE OF RS. 16.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 6.00 PER EQUITY SHARE) ("ISSUE PRICE") AGREGATIN TO RS. 371.20 LACS (HEREINAFTER REFERRED TO AS "THE ISSUE"), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AGGREGATIN TO RS. 19.20 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARK MAKER RESERVATION PORTION I.E. ISSUE OF 22,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 16.00 PER EQUITY SHAF AGGREGATING TO RS. 352.00 LACS (HEREINAFTER REFERRED TO AS "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.41 % AND 25.041! 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. THIS ISSUE IS A FIXED PRIC ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS 2009, AS AMENDE FROM TIME TO TIME. FOR FURTHER DETAILS, PLEASE REFER TO THE SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 195 OF THE PROSPECTUS.
THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE OF
EQUITY SHARES IS RS. 16/- EACH AND
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 (ICDI Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this Issue. However, our Company h received an in-principle approval letter dated September 16, 2014 from BSE for using its name in the Prospectus for listing of our shares on the SME Platform of BS For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or before October 16, 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 accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Net Issue has received 320 applications for 35,84,000 Equity Shares (including Market Maker Application of 1,20,000) resulting in 1.50 times subscription. The detai of the applications received in the Net Issue (before and after technical rejections) are as follows:
Detail of the Applications Received
Retail individual investors have subscribed to the extent of 68.5714 % of the total subscription. Hence they were offered 68.5714 % of 22,00,000 shares i.e. 15,12,000 shares (After Rounding off) and as per basis of allotment were allotted 15,12,000 shares. Balance 6,88,000 shares (After Rounding off ) out of 22,00,000 shares were offered to Non retail category and as per basis of allotment they were allotted 6,88,000 shares. Hence total shares allotted are 22,00,000 shares together for Retail & Non-Retail category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 09, 2014.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 16/- 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 1,20,000 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. 16/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 15,12,000 Equity Shares. The category was subscribed by 1.52 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retail Category (After Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs. 16/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 6,88,000 Equity Shares. The category was subscribed by 1.53 times. 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
10, 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.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 17, 2014 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue Sharex Dynamic (India) Private Limited at Website: www.sharexindia.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:
SHAREX DYNAMIC (INDIA) 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 ATISHAY INFOTECH LIMITED.
ATISHAY INFOTECH 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 (ROC). The Prospectus will be available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Manager at www.hemonline.com and website of the SME Platform of BSE Limited ("BSE") at www.bseindia.com and the website of the Issuer Company at www.atishay.com. Investor 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.