Basis of Allotment

New Page 1

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

VMV HOLIDAYS LIMITED

CIN: U63090WB2010PLC151907

Our Company was originally Incorporated as "VMV Tours & Travels Private Limited" on August 03, 2010 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Kolkata, West Bengal. The name of our Company was changed to "VMV Holidays Private Limited" vide fresh certificate of incorporation dated August 01,2012 issued by Registrar of Companies, Kolkata, West Bengal. Subsequently, our Company was converted in to a public company and the name was changed to "VMV Holidays Limited" vide fresh certificate of incorporation dated March 20,2014 issued by Registrar of Companies, Kolkata, West Bengal pursuant to section 23(1). 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 77 of the Prospectus.

Registered Office: 18, Giri Babu Lane, 1st Floor, Room No. 1A, Kolkata -700012.
Tel No: 033 40060699; Website: www.vmvholidays.com;
Company Secretary and Compliance Officer: Ms. Priya Agarwal; Email: vmvholidays.sme@gmail.com;
PROMOTER OF OUR COMPANY: MR. VIKRAM BAJAJ AND M/S. VIKRAM BAJAJ (HUF)

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 15,60,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF VMV HOLIDAYS LIMITED ("VMVHL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT PAR, AGGREGATING TO RS 156.00 LACS ("THE ISSUE"), OF WHICH, 80,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER 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 14,80,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.96% AND 26.53%, 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 10 IS 1.00 TIME OF THE FACE VALUE. ISSUE OPENED ON JUNE 29,2015 AND CLOSED ON JULY 01,2015

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 June 12,2015 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").

SUBSCRIPTION DETAILS

The Issue has received 62 applications for 15,60,000 Equity Shares (including Market Maker Application of 80,000 Equity Shares) resulting 1.47 times subscription.

The details of the applications received in the issue (before technical rejections and after cheque returns) are as follows:

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 80,000 1.000
Retail Individual Investors 41 4,70,000 0.635
Other than Retail Individual Investors 20 17,50,000 1.732
TOTAL 62 23,00,000

There were neither cheque return cases nor withdrawals.

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers 0 0
Retail Individual Investor's 0 0
Other than Retail Individual Investors 1 1,00,000
TOTAL 1 1,00,000

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 80,000 1.000
Retail Individual Investor's 41 4,70,000 0.635
Other than Retail Individual Investors 19 16,50,000 1.633
TOTAL 61 22,00,000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 08th July, 2015

A) Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of  Rs 10 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 80,000 Equity shares in full out of reserved portion of 80,000 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 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.635 times. Total number of shares allotted in this category is 4,70,000 Equity Shares. The undersubscribed portion, being 2,70,000 Equity Shares of Retail Individual Investor category has been spilled over to Other than Retail Individual Investor category. The category wise basis of allotment are as under:

No. of Shares Applied for (Category Wise) No. of Applications received % to Total Total No. of Equity Shares applied % to Total Proportionate Shares Available Allocation Per Applicant (before rounding off) Allocation Per Applicant (after rounding off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
10,000 35 85.37 3,50,000 74.47 5,51,064 15,744.68 10,000 1 3,50,000 (2,01,064)
20,000 6 14.63 1,20,000 25.53 1,88,936 31,489.36 20,000 1 1,20,000 (68,936)
TOTAL 41 100.00 4,70,000 100.00 7,40,000 4,70,000 (2,70,000)

C) Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the other than Retail Individual Investors, at the issue price of Rs 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.63 times. Total number of shares allotted in this category is 10,10,000 Equity Shares including spill over of 2,70,000 Equity Shares from Retail category. The category wise basis of allotment are as under.

No. of Shares Applied for (Category Wise) No. of Applications received % to Total Total No. of Equity Shares applied % to Total Proportionate Shares Available Allocation Per Applicant (before rounding off) Allocation Per Applicant (after rounding off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
40,000 2 10.53 80,000 4.85 48,970 24,484.85 30,000 1 60,000 11,030
50,000 4 21.05 2,00,000 12.12 1,22,424 30,606.06 30,000 1 1,20,000 (2,424)
60,000 2 10.53 1,20,000 7.27 73,455 36,727.27 40,000 1 80,000 6,545
1,00,000 8 42.10 8,00,000 48.49 4,89,697 61,212.12 60,000 1 4,80,000 (9,697)
1,50,000 3 15.79 4,50,000 27.27 2,75,454 91,818.18 90,000 1 2,70,000 (5,454)
TOTAL 19 100.00 16,50,000 100.00 10,10,000 10,10,000 0

The Board of Directors of the Company at its meeting held on 09th 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 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 11th July, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 11th 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 15th 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 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:

SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
13 AB, Samhita Warehousing Complex, Sakinaka Telephone Exchange Lane,
Off Andheri Kurla Road, Sakinaka, Mumbai - 400 072, Maharashtra, India
Tel: 91-22-67720300 / 67720400; Fax: 91-22-2850 892
Email: sme.ipo@shareproservices.com; Website: http://www.shareproservices.com
Contact Person: Mr. Anil Shinde; SEBI Regn. Number: INR000001476

Place: Kolkata
Date : 09.07.2015
For VMV HOLIDAYS LIMITED
On behalf of Board of Directors
Sd/-
Lokesh Patwa
Whole Time 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 VMV HOLIDAYS LIMITED.
Note:
All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Close