|Basis of Allotment|
is only an advertisement for formation purpose and not a Prospectus announcement)
H.K. TRADE INTERNATIONAL LIMITED
Our Company was originally formed as a partnership) firm on October 6.1993 m the name
M/s H.K .International" On June 28.2013. it got converted into a public limited
company bearing the name H.K. Trade International Limited under the Part IX of the
Companies Act, 1956, having Corporate identification No U25203MH2013PLC244911 and having
its Registered Office at Mumbai. Our Company was incorporated with the Registrar of
Registered Office: Office No. 9, 2nd Floor. Bharat
House. 104, Mumbai Samachar Marg, Fort, Mumbai, - 400 001, Maharashtra. India,
PROMOTER OF THE COMPANY: MR. MAHESH MEHTA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 12.72,000 EQUITY SHARES OF RS 10/- EACH ("EQUITY SHARES') OF H.K. TRADE INTERNATIONAL LIMITED ("HKT1L" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT PRICE OF RS 18/- PER SHARE (THE ISSUE PRICE"), AGGREGATING TO RS 228.96 LACS ("THE ISSUE"), OF WHICH, 1,36.000 EQUITY SHARES OF RS 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE CHAPTER TITLED "DEFINITIONS AND ABBRIVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. THE ISSUE OF 11,36.000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 48.33% AND 43.16% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of the Prospectus dated August 18.2015 and as per the SEBI (ICOR) Regulations 2009 a minimum of 50% of the net offer to public shall Initially be made available for allotment to retail individual investors. The balance net offer of shares to the pubic shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies I Institutions irrespective of number 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 for allocation In the other category. If so required.
Explanation: For the purpose of sub-regulation 43 (4) of SEBI (ICOR) Regulation, 2009, if the retall individual investor category Is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI
(ICDR) REGULATIONS. 2009 (AS AMENDED FROM TIME TO TIME).
PROPOSED LISTING: MONDAY, SEPTEMBER 14, 2015
The Equity Shares Issued through the Prospectus are proposed to be listed on the SME
Platform of BSE Limited ('BSE1 In terms of the Chapter XB ol the SEBI (ICDR) Regulations,
2009. as amended from time to time, the Company it not required to obtain an in-principal
listing approval for the shares being issued in the issue, However, the Company has
received an approval letter dated May 29.2015 from BSE lor using its name in the offer
Document for listing the Shares on the SME Platform of BSE. For the purpose of the Issue,
the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is
proposed to be commenced with effect from Monday. September 14,2015*.
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 Sell Certified Syndicate Banks (the SCSBs").
The Issue has received 119 applications for 18,00,000 Equity Shares resulting in 1.42
times subscription (Including reserved portion of Market Maker), The details of the
applications received in the Issue (before technical rejections and after cheque returns)
are as fellows:
The details of applications rejected by the Registrar on technical
grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Slock Exchange - BSE Limited on September 8, 2015.
A. Allocation to Market Maker (After Technical Rejections); The Basis of Allotment to the Market Maker, at the issue price of Rs18/- 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 136,000 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
18/- per Equity Share, was finalised In consultation with BSE. The category was subscribed
by 1.45 times. The total number of shares allotted in this Category is 624,000 Equity
Shares to 78 successful applicants.
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections & Withdrawal);
The Board of Directors of the Company at its meeting held on September
08,2015 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Slock Exchange viz. BSE Ltd and has authorized the corporate acton for the
transfer of the Equity Shares to various successful applicants.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on me website of the Registrar
to the Issue SHAREX DYNAMIC (INDIA) PRIVATE LIMITED at
SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
THE 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 THE H. K. TRADE INTERNATIONAL LIMITED.