|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED
Our Company was incorporated as "Sri Krishna Constructions (India) Private Limited' in Bangalore, Karnataka, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 5,2005 bearing Corporate Identification Number U45201KA2005PTC037848 issued by Registrar of Companies, Karnataka, Bangalore. Our Company was converted in to public company vide fresh Certificate of Incorporation dated June 29,2015 and name of our Company was changed to "Sri Krishna Constructions (India) Limited". Our Corporate Identification Number is U45201KA2005PLC037848. For further details of incorporation, changes of name and changes in Registered Office of our Company, please refer to chapter titled "General Information" 'Our History and Certain Other Corporate Matters' beginning on page 62 and 141 respectively of this Prospectus.
Registered Office: No.1,4th Main Road, Nehru Circle,
Sheshadripuram Bangalore - 560020, Karnataka, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 25,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
("EQUITY SMRES") OF SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED (THE
"COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 45 PER EQUITY
SHARE, INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE (THE "ISSUE PRICE"),
AGGREGATING RS.1134.00 LAKHS ("THE ISSUE"), OF WHICH 1,32,000 EQUITY SHARES OF
FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE, AGGREGATING RS.
59.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE
"MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION
PORTION I.E. ISSUE OF 23,88,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A
PRICE OF RS. 45 PER EQUITY SHARE, AGGREGATING RS. 1074.60 LAKHS IS HEREINAFTER REFERRED TO
AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND
25.08% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR
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 EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 45.00. THE ISSUE PRICE IS 4.5 TIMES OF THE FACE VALUE ISSUE OPENED ON SEPTEMBER 10, 2015 AND CLOSED ON SEPTEMBER 15,2015.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of Bombay Stock Exchange of India Limited ("BSE") ("BSE SME")
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-principle approval for the shares being
offered in this Issue. However, the Company has received an approval letter dated August
4,2015 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME.
The designated stock exchange is BSE SME.
The Issue has received 475 applications for 37,98,000 Equity shares (including Market Maker Application of 1,32,000 Equity Shares) resulting 1.51 times subscription. After considering, Cheque Return, Withdrawls, and Technical/ Multiple Rejection cases, the issue was subscribed 1.50 times (including the Market Maker Portion). The details of application received (Before Technical Rejection & withdrawl of application but after cheque returns)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on September 24,2015.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- 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 1,32,000 Equity shares in full out of reserved portion of 1,32,000 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. 45/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.02 times. Total number of shares allotted in this category is 11,94,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 45/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.03 times. Total number of shares allotted in this category is 11,94,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on September
28,2015 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares
in dematerialized form to various successful applicants.
BIGSHARE SERVICES 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 SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.