|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
PECOS HOTELS AND PUBS LIMITED
Our Company was incorporated as Pecos Hotels And Pubs Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated February 14, 2005, in Bangalore. Further, our Company was converted into public limited company vide fresh certificate of incorporation dated March 26, 2015. The Corporate Identification Number of Our Company is U55101KA2005PLC035603. For details of change in registered office of our Company please refer to chapter titled "Our History and Certain Other Corporate Matters'' beginning on page 90 of the Prospectus.
Registered Office: No. 189/1,1st, 2nd, 3rd & 4th
Floor, Brigade Road, Bangalore - 560 001
PROMOTERS OF THE COMPANY: MR. COLLIN RICHARD TIMMS & MS. OLINDA TIMMS
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 4,59,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH
FULLY PAID UP OF PECOS HOTELS AND PUBS LIMITED ("PECOS" OR THE
"COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.50/- PER EQUITY
SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 40/- PER EQUITY
SHARE AGGREGATING RS. 229.50 LAKHS (THE "ISSUE") BY THE COMPANY, OF WHICH 27,000
EQUITY SHARES OF RS.10/-FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET
MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE
MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 4,32,000 EQUITY SHARES OF RS.10/- EACH
FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE
NET ISSUE WILL CONSTITUTE 35.04 % AND 32.98 %, RESPECTIVELY OF THE POST ISSUE PAID UP
EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE
PRICE IS RS. 50/-.
PROPOSED LISTING: TUESDAY, AUGUST 11, 2015
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, the Company is not required to obtain an in-principle
listing approval for the shares being offered in the issue. However, the Company has
received an in-principle approval letter dated May 07,2015 from BSE for using its name in
the offer document for listing of the shares on the SME Platform of BSE. For the purpose
of the Issue, the Designated Stock Exchange will be the BSE Limited. The trading is
proposed to be commenced with effect from Tuesday, August 11, 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 Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 91 applications for 5,76,000 Equity Shares resulting in 1.25 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 follows: Details of the Applications Received (Before Technical Rejection & After Cheque Return):
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 Stock Exchange - BSE Limited on August 05, 2015.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 50/- 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 27,000 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 50/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.01 times. The total number of shares allotted in this category is 2,16,000 Equity Shares to 72 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.47 times. The total number of shares allotted in this category is 2,16,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on August 05,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before August 07,2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to August 07, 2015. In case the same is not received within ten days, investors may contact Registrar 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. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated July 06, 2015 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, LINK INTIME INDIA PRIVATE LIMITED at www.linkintime.co.in. 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:
LINK INTIME INDIA PRIVATE LIMITED
C - 13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai - 400 078
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 PECOS HOTELS AND PUBS LIMITED.