|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
JET INFRAVENTURE LIMITED
Our Company was incorporated as 'Jet Info (India) Private Limited' under the Companies Act, 1956 and a Certificate of Incorporation dated September 27,2001 bearing registration number 133483 issued by the Assistant Registrar of Companies, Mumbai, Maharashtra. Further, the name of our Company was changed to 'Jet Infraventure Private Limited' and a Fresh Certificate of Incorporation pursuant to change of name dated July 30,2010 was issued. Subsequently, Certificate of Incorporation Consequent upon Conversion to Public Limited Company dated August 19,2014 was issued for conversion of our Company into a public limited company and the name of our Company was changed to 'Jet Infraventure Limited'. Our corporate identity number is U45400MH2001PLC133483. For further details of incorporation, changes of name and changes in Registered Office of our Company please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on pages 52 and 112 respectively, of the Prospectus.
Registered Office: Office No.1, Nandanvan Business Centre,
E-Wing, 1st Floor, Nandanvan Apartment, Kandivali Link Road, Kandivali West, Mumbai-
400067, Maharashtra, India. Tel. No.: +91 -22-28676233; Fax No.: +91
-22-28676233; Contact Person: Krunal Shah, Company Secretary and Compliance
PROMOTERS OF OUR COMPANY: RAJUL SHAH, PRAM0DA SHAH AND RAJUL RAMESH SHAH HUF
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 3,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF JET INFRAVENTURE LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 125 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 115 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 450.00 LACS ("THE ISSUE"), OF WHICH 18,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 125 PER EQUITY SHARE, AGGREGATING RS. 22.50 LACS 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 3,42,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 125 PER EQUITY SHARE, AGGREGATING RS. 427.50 LACS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 34.35% AND 32.63% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated October 20,2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. The balance net offer of shares to the public shall be made available tor 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 tor allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than 50 percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE OF RS.125.00
IS 12.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON: THURSDAY, 30TH OCTOBER, 2014 CLOSED ON: TUESDAY, 11TH NOVEMBER, 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, the Company is not required to obtain an in-principle approval for the shares being offered in the Issue. However, the Company has received an approval letter dated October 14,2014 from BSE for using its name in the Prospectus for listing of our Shares on 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 184 applications tor 492000 Equity Shares (including Market Maker Application of 18000 Equity Shares) resulting 1.37 times subscription. After considering, Cheque Returns, Withdrawals and Technical/Multiple Rejection cases, the Issue was subscribed 1.28 times (including the Market Maker Portion).
The details of the applications received (Before Technical Rejection & withdrawal of application but after cheque returns)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
The details of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 18/11/14.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 125.00 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 18000 Equity shares in full, out of reserved portion of 18000 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. 125.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.79 times. Total number of shares allotted in this category is 135000 Equity Shares. The category wise basis of allotment is as under:
Allocation to Other than Retail Individual Investors (After Technical Rejections and Withdrawals): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 125.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.80 times including spill over 36000 equity shares from Retail individual Investors category. The total number of shares allotted in this category is 207000 Equity Shares to 41 successful applicants on proportionate basis. The category wise basis of allotment is as under:
The Board of Directors of the Company vide circular resolution dated 19/11/14 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of share in dematerialized form 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 filed in the
application torm on or betore 20/11/14. Further, the instructions to SCSBs has been
processed on 19/11/14. 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 commence on or
betore 25/11/14 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 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 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF JET INFRAVENTURE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.