|Basis of Allotment|
|(This Is only an
advertisement for Information purposes and not a prospectus announcement)
GALA PRINT CITY LIMITED
Our Company was originally incorporated as "Gala Print City Private Limited" on December 14, 2010 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Our Company was subsequently converted in to a public company and consequently name was changed to "Gala Print City Limited" (GPCL) vide fresh certificate of incorporation dated March 31,2014 issued by Registrar of Companies, pursuant to section 23(1), Gujarat, Dadra and Nagar Havelli. For further details regarding the changes in our name and registered office, please see the chapter titled "History and Certain Corporate Matters" beginning on page 82 of the Prospectus.
Registered Office: B-1 Laxmi Comm; Co-Op Estate, B/H Old Navneet
Press, Sukhramnagar, Ahmedabad- 380021, Gujarat, India.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 12,66,000 EQUITY SHARES OF Rs. 10 EACH ("EQUITY SHARES") OF GALA PRINT CITY LIMITED ("GPCL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 24 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 303.84 LACS ("THE ISSUE"), OF WHICH, 66,000 EQUITY SHARES OF Rs. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE CHAPTER "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 12,00,000 EQUITY SHARES OF Rs. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.62% AND 25.23%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND THE ISSUE PRICE OF RS 24 IS 2.40 TIMES OF THE FACE VALUE. ISSUE OPENED ON JUNE 30,2015 AND CLOSED ON JULY 06,2015
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd.("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-principal listing approval of the shares being issued in this Issue. However, the company has received an approval letter dated April 09, 2015 from BSE for using its name in the Prospectus for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ("BSE").
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 274 applications for 19,86,000 Equity Shares (including Market Maker Application of 66,000 Equity Shares) resulting 1.57 times subscription. There were no withdrawals of applications and after considering Cheque Return, and Technical Rejection cases the issue was subscribed 1.24 times (including Market Maker Application of 66,000 Equity Shares).
The details of the applications received in the issue (before technical rejections and after cheque returns) are as follows:
The details of applications rejected by the Registrar on technical grounds are detailed below:
After eliminating technically rejected applications, the following table give us category wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 13th July, 2015.
A. Allocalion to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 24 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 66,000 Equity shares in full out of reserved portion of 66,000 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. 24 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.48 times. The total number of shares allotted in this category is 11,94,000 Equity Shares to 199 successful allottees. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 24 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.02 times. The total number of shares allotted in this category is 6,000 Equity Shares to one allottee. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 13th July, 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates 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 filled in the application form on or before 16th July, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on 14th July, 2015. 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 be commenced on or before 18th July, 2015 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharepro Services (India) Private Limited at www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name ol 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:
SHAREPRO SERVICES (INDIA) 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 GALA PRINT CITY LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.