| Basis of Allotment |
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advertisement for information purpose and not a prospectus announcement.)
SUNCARE TRADERS LIMITED Our Company was incorporated as Suncare Traders. Private Limited on
January 22,1997 under the Companies Act 1956, with the Registrar af Companies. Gujarat.
Dadra and Nagar Haveli, bearing Registration Number - 04-31561 of 1996-97. Subscquently
our Company was converted into public limited Company and name of our company was change
to Suntare Traders Limited on April 11, 2000 vide fresh Certificate of Incorporation. For
further details regarding the changes in registered office, please see the chapter titled
"History and Certain Corporate Matters" beginning on page 64 of this Prospectus.
The Corporate Identification Numberof ourCompany is U51909GJ1997PLC031561. BASIS OF ALLOTMENT PUBLIC ISSUE OF 37,84,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH OF SUNCARE TRADERS LIMITED ("STL" OR THE "COMPANY" OR THE ISSUER ") FOR CASH AT A PRICE OF RS. 64 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 54 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS.2421,76 LACS ("THE ISSUE'), OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH WILL FOR CASH AT A PRICE OF RS.64 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 54 PER EQUITY SHARE AGGREGATING TO RS.122.88 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 35,92,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH AT A PRICE OF RS.64 PER EQUITY SHARE AGGREGATING TO RS.2298.88 LACS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 67.44% AND 64.02%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. In Temns of Prospectus dated December 10,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially made available for allotment to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a)individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS Rs 64/- EACH. THE ISSUE PRICE IS 6.4 TIMES OF THE FACE VALUE. ISSUE OPENED ON 15th DECEMBER, 2015 (Tuesday) AND CLOSED ON 18th DECEMBER, 2015(Friday). 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 from time to time Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 30th June, 2015 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited, All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bark accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs") SUBSCRIPTION DETAILS. The Issue has received 769 applications for 41,66,000 Equity Shares (Including
Market Maker Application of 1,92,000 Equity Shares) resulting 1.10 times subscription. The
details of the applications received in the Issue (before technical rejections) are as
follows
The details of applications received and rejected by the Registrar on technical grounds are detailed below.
Details of the valid Applications Received (After Technical rejections & Withdrawal of applications):
ALLOCATION: The Basis of Allotment was finalized in consuhationwith the Designated Stock Exchange - BSE Limited on 24th December, 2015. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 64/- per Equity Share, was finalised in consultation with category was subscribed by 1.00 tines The total number of sheres alloted in this category is 1,92,000 Equity shares in full out of reserved portion of 1,92,000 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. 64/- per Equity Share, was finalized in consultation with BSE-The category was Subscribed by 0.79 times. Total number of Shares allotted in this category is 1426000.
C. Allocation to retail individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail I nvestors, at the issue price of Rs. 64/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.41 times. Total number of shares allotted in this category is 2166000 including unsubscribed portion of 370000 Equity Shares of Retail Individual investors. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 24th Decernber, 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 allotment of the Equity Shares in the dematerialized form 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 28th December ,2015. Further, the instructions to Self Certified Syndicate Banks being processed on 28th December 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 30th December, 2015 subject to receipt of lisling 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, Satellite Corporate Services Pvt Ltd at www.satellitecorporate.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, senal 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: SATELLITE CORPORATE SERVIC ESPVT LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SUNCARE TRADERS LIMITED. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. |
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