Basis of Allotment

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(This is only an advertisement for information purposes and not a prospectus announcement)

EAST INDIA SECURITIES LIMITED
Corporate Identity Number: U67120WB1995PLC072026
Registered Office: 10/1D Lal Bazar Street, Mercantile Building, Kolkata- 700001, India. Telephone: +91 (033) 40205929; Facsimile: +91 (033) 23586631.
Company Secretary and Compliance Officer: Mr. Anupam Jain; Email: sme.ipo@eisec.com. Website: http://www.eisec.com

BASIS OF ALLOTMENT

PUBLIC OFFER OF 10,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF EAST INDIA SECURITIES LIMITED (THE "COMPANY') FOR CASH AT A PRICE OF RS 920/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 910/- PER EQUITY SHARE) (THE "OFFER PRICE"), AGGREGATING TO RS 9,273.60 LACS ("THE OFFER") THROUGH AN OFFER FOR SALE COMPRISING OF 5,04,000 EQUITY SHARES BY MR. LAKSHMENDRA KUMAR AGARWAL AND 5,04,000 EQUITY SHARES BY MR. VIVEK AGARWAL OF WHICH 50,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 920/- PER EQUITY SHARE, AGGREGATING TO RS 463.68 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 9,57,600 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 920/- PER EQUITY SHARE, AGGREGATING TO RS 8,809.92 LACS IS HEREINAFTER REFERRED TO AS THE "NET OFFER".

THIS OFFER FOR SALE IS BEING MADE IN TERMS OF CHAPTER X-B OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. THIS OFFER IS A FIXED PRICE OFFER AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 920 EACH. THE ISSUE PRICE IS 92 TIMES OF THE FACE VALUE.

ISSUE PROGRAMME:
ISSUE OPENED ON 05 MARCH, 2018 AND CLOSED ON 07 MARCH, 2018. PROPOSED LISTING: MARCH 13, 2018

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of Bombay Stock Exchange Limited ('BSE SME"). Our Company has received an approval letter dated February 27, 2018 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE SME. The trading is proposed to be commenced on or about March 13, 2018.*

* Subject to receipt of listing and trading approvals from the BSE SME.

SUBSCRIPTION DETAILS

The issue has received 514 applications for 1501440 Equity Shares resulting in 1.48 times subscription (including reserved portion of market maker).The details of the applications received in the issue (before technical & multiple rejections) are as follows:
Detail of the Applications Received (Before Technical & Multiple Rejection):

Category Number of
applications
Number of
Equity Shares
Subscription
(Times)
Market Makers 1 50400 1
Retail Individual Investors 474 75840 0.15
Other than Retail Individual Investors 39 1375200 2.87
TOTAL 514 1501440 1.48

The Details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category No. of
Applications
No. of
Equity Shares
Market Makers 0 0
Retail Individual Investors 11 1760
Other than Retail Individual Investors 4 11360
Total 15 13120

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category No. of
Applications
Reserved Portion
(as per Prospectus)
No. of Valid
Shares applied
% of
Total Applied
Subscription
(Times)
Market Maker 1 50400 50400 100 1

 

Category No. of
Applications
Reserved Portion
(as per Prospectus)
Proportionate Offer Size
(After rounding off)
No. of Valid
Shares applied
% of
Total Applied
Subscription
(Times)
Retail Individual Investors 463 478800 478880 74080 5.15% 0.1547
Other than Retail Individual Investors 35 478800 478720 1363840 94.85% 2.8489
Total 498 957600 957600 1437920 100.00% 1.5016

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE SME on March 9, 2018

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 920 per Equity Share, was finalised in consultation with BSE SME. The category was subscribed by 1 time. The total number of shares allotted in this category is 50400 Equity shares

No. of
Shares
Applied for
(Category wise)
No. of
Applications
received
% to total Total No.
of Equity
Shares
applied in
this Category
% to total Proportionate
Shares Available
Allocation per
Applicant (Before
Rounding
Off)
Allocation per
Applicant (After Rounding
Off)
Ratio of Allottees
to Applicant:
Ratio 1
Ratio of Allottees
to Applicant:
Ratio 2
Number of
Successful
applicants (after
rounding off)
Total No.of
Equity Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
50400 1 100 50400 100 50400 50400 50400 1 1 1 50400 0
50400 1 100 50400 100 50400 50400 50400 1 1 1 50400 0

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 920 per Equity Share, was finalized in consultation with BSE SME. The category was subscri bed by 0.1547timesi.e. for 74080 Equity Shares. Total number of shares allotted in this category is 74080 Equity Shares to 463 successful applicants.

No. of
Shares
Applied for
(Category wise)
No. of
Applications
received
% to total Total No.
of Equity
Shares
applied in
this Category
% to total Proportionate
Shares Available
Allocation per
Applicant (Before
Rounding
Off)
Allocation per
Applicant
(After
Rounding Off)
Ratio of Allottees
to Applicant:
Ratio 1
Ratio of Allottees
to Applicant:
Ratio 2
Number of
Successful
applicants (after
rounding off)
Total No.of
Equity Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
160 463 100 74080 100 478880 160 160 1 1 463 74080 -404800
160 463 100 74080 100 478880 160 160 1 1 463 74080 -404800

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of' 920 per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 2.8489 times i.e. for 1363840 shares. Total number of shares allotted in this category is 883520 Equity Shares to 35 successful applicants.

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
% to total Total No. of Equity
Shares applied in
this Category
% to total Proportionate Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation
per
Applicant
(After Rounding Off)
Ratio of Allottees
to Applicant:
Ratio 1
Ratio of Allottees
to Applicant:
Ratio 2
Number of
Successful
applicants (after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
320 4 11.43 1280 0.09 829.21 207.30 160 1 1 4 640 -189.21
640 1 2.86 640 0.05 414.60 414.60 480 1 1 1 480 65.40
800 2 5.71 1600 0.21 1036.51 518.25 480 1 1 2 960 -76.51
960 2 5.71 1920 0.14 1243.61 621.91 640 1 1 2 1280 36.19
1120 2 5.71 2240 0.16 1451.11 725.56 800 1 1 2 1600 148.89
1280 1 2.86 1280 0.09 829.21 829.21 800 1 1 1 800 -29.21
1600 3 8.57 4800 0.35 3109.53 1036.51 960 1 1 3 2880 -229.53
160 1 3 1 160 160
3200 1 2.86 3200 0.23 2073.02 2073.02 2080 1 1 1 2080 6.98
4480 1 2.86 4480 0.33 2902.22 2902.22 2880 1 1 1 2880 -22.22
5600 1 2.86 5600 0.41 3627.78 3627.78 3680 1 1 1 3680 52.22
6400 2 5.71 12800 0.94 8292.07 4146.03 4160 1 1 2 8320 27.93
10880 1 2.86 10880 0.80 7048.26 7048.26 7040 1 1 1 7040 -8.26
11200 1 2.86 11200 0.92 7255.56 7255.56 7200 1 1 1 7200 -55.56
20800 1 2.86 20800 1.53 13474.61 13474.61 13440 1 1 1 13440 -34.61
32480 1 2.86 32480 2.38 21041.13 21041.13 21120 1 1 1 21120 78.87
32800 1 2.86 32800 2.40 21248.43 21248.43 21280 1 1 1 21280 31.57
35200 1 2.86 35200 2.58 22803.19 22803.19 22880 1 1 1 22880 76.81
47680 1 2.86 47680 3.50 30887.96 30887.96 30880 1 1 1 30880 -7.96
51360 1 2.86 51360 3.77 33271.93 33271.93 33280 1 1 1 33280 8.07
64000 1 2.86 64000 4.69 41460.35 41460.35 41440 1 1 1 41440 -20.35
116800 1 2.86 116800 8.56 75665.13 75665.13 75680 1 1 1 75680 14.87
130400 2 5.71 260800 19.12 168950.92 84475.46 84480 1 1 2 168960 9.08
152000 1 2.86 152000 11.15 98468.32 98468.32 98400 1 1 1 98400 -68.32
168000 1 2.86 168000 12.32 108833.41 108833.41 108800 1 1 1 108800 -33.41
320000 1 2.86 320000 23.46 207301.74 207301.74 207360 1 1 1 207360 58.26
TOTAL 35 100.00 1363840 100.00 883520.00 35 883520 0.00

The Board of Directors of the company at its meeting held on March 9, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. BSE SME and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories/as filled in the application form on or before March 12, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about March 10, 2018. 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 within six working days from the date of the closure of the Issue.

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Cameo Corporate Services Limited at www.cameoindia.com. 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: Cameo Corporate Services Limited : "Subramanian Building", #1, Club House Road, Chennai 600 002. Telephone: +91-44-40020700 / 28460390; Facsimile: +91-44-28460129; Email: investor@cameoindia.com; Contact Person: Mr. R.D. Ramasamy, Director; Website: www.cameoindia.com SEBI Registration Number: INR000003753

Place: Kolkata
Date: March12, 2018
For EAST INDIA SECURITIES LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

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 EAST INDIA SECURITIES LIMITED.

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