|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement.)
HUSYS CONSULTING LIMITED
CIN No.: L74140TG2005PLC047222
Our Company was incorporated as Husys Consulting Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated August 24, 2005 in Hyderabad, Subsequently, our Company was converted into public limited company pursuant to which the name of our Company was changed to "Husys Consulting Limited" vide fresh certificate of incorporation dated August 06, 2015. Our Company got listed on Emerge Institutional Trading Platform of National Stock Exchange of India Limited (NSE) on August 21,2015. Further, our Company has made an application for delisting from Emerge Institutional Trading Platform of NSE vide letter dated April 25,2016 and had been delisted with effect from June 09, 2016 vide letter no. NSE/LIST/73566 dated May 19,2016. 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 116 of the Prospectus.
Registered Office: 1 - 8 - 505 / D / E / A, Husys House, Prakash Nagar Extension, Begumpet, Hyderabad - 500016, Telengana, India. Tel No.: +91 -40 6519 5632 | Email: email@example.com | Website: www.husys.net | Contact Person: Mr. Francis Paul, Chief Financial Officer
PROMOTERS OF THE COMPANY: MR. GUNDLAPALLY RAMALINGA REDDY AND MRS. GUNDLAPALLY PRAVEENA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 6,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF
HUSYS CONSULTING LIMITED ("HUSYS" ORTHE "COMPANY" ORTHE
"ISSUER") FOR CASH AT A PRICE OF RS 69 PER EQUITY SHARE (THE "ISSUE
PRICE") (INCLUDING A SHARE PREMIUM OF RS 59 PER EQUITY SHARE AGGREGATING RS 419.52
LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 32,000 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 5,76,000 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 26.65% AND 25.25%
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 69 THE ISSUE PRICE IS 6.9 TIMES THE FACE VALUE. ISSUE OPENED ON SEPTEMBER 09, 2016 AND ISSUE CLOSED ON SEPTEMBER 19, 2016
PROPOSED LISTING: TUESDAY, SEPTEMBER 27, 2016
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated June 21, 2016 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Tuesday, September 27,2016.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange
of India Limited.
The Issue has received 648 applications for 1848000 Equity Shares resulting in 3.04 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows: Details of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed below:(Technical rejection)
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 - National Stock Exchange of India Limited on September 22,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 69 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 32,000 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 69 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 3.08 times. The total number of shares allotted in this category is 382000 Equity Shares to 191 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): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 69 per Equity Share, was finalized in consultation with NSE. The category was subscribed 3.10 times. The total number of shares allotted in this category is 194000 Equity Shares to 43 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on September 22,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before September 26, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to September 26, 2016. In case the same is not received within four working 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 NSE Emerge Platform within six 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 August 27, 2016 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, KARVY COMPUTERSHARE PRIVATE LIMITED at www.karisma.karvy. 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:
KARVY COMPUTERSHARE 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 HUSYS CONSULTING LIMITED.