|Basis of Allotment|
|(This is only an advertisement for Information purposes and not
a Prospectus announcement.)
OFS TECHNOLOGIES LIMITED
Our Company was originally incorporated with the Registrar of Companies, Bangalore, Karnataka, on April 3,2008 as Bole Technology Private Limited. The name of the Company was changed to Bole Technologies Private Limited vide certificate dated August 6,2014 issued by ttie Registrar of Companies. The Company was converted into Public Limited Company and also the name was changed to Bole Technologies Limited pursuant to fresh certificate of incorporation consequent upon conversion dated August 27,2014. The name of the Company was changed to its current name vide certificate of incorporation pursuant to change of name on September 25, 2014.The Corporate Identification Number of Our Company is U72300KA2008PLC045897. For details of the changes in our name, refer "History and Corporate Structure" on page 90 of the Prospectus.
Registered Office: No.510, 2nd Floor, 16th Cross, 2nd Stage, Indira
Nagar, Bangalore - 560 038, Karnataka, India;
PROMOTER OF THE COMPANY: MR. JESUDAS PREMKUMAR SEBASTIAN
PUBLIC ISSUE OF 17,04,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF OFS TECHNOLOGIES LIMITED ("OTL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 25/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 15/- PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO RS. 426 LAC ("THE ISSUE"), OF WHICH 96,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF Rs. 25/- PER EQUITY SHARE AGGREGATING TO Rs.24 LAC WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE PROSPECTUS) (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 16,08,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF Rs. 25/- PER EQUITY SHARE AGGREGATING TO Rs. 402 LAC IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.56% AND 25.07% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated December 3,2015 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 to Retail Individual Investors. 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. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/ may be made available for allocation in any other category, if so required.
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/- THE ISSUE PRICE IS RS.
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 for the shares being offered in this Issue. However, Company has received an approval letter dated 17th November 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 their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 476 applications for 42,24,000 Equity Shares (Including Market
Maker Application of 96,000 Equity Shares) resulting 2.48 times subscription. After
considering, technical rejections cases of 12 application for 1,74,000 Equity Shares, the
Issue was subscribed 2.38 times. The details of the applications received in the Issue
(before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
Details of Applications Received (After technical rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 7* January 2016.
A. Allocation to Market Maker (Aftertechnical rejections): The Basis of Allotmenttothe Market Maker, atthe issue priceof Rs. 25/- per Equity Share was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 96,000 Equity Shares in full of reserved portion of 96,000 Equity Shares.
B. Allocation to Retail Individual Investors (After technical rejections and withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share was finalized in consultation with BSE. The category was subscribed by 3.21 times. Total number of shares allotted in this category is 10,50,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investors (After technical rejections and withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.71 times. Total number of shares allotted in this category is 5,58,000 Equity Shares. The category wise basis of allotment is as under:
The IPO Committee of our Company at its meeting held on 8th January 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange being BSE Limited and has allotted the Equity Shares to various successful applicants and 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 12th January 2016 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior 11th January 2016. In case the same is not received within ten days, investors may contact Registrar atthe 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 14th January 2016 subject to receipt of listing and trading approvals from BSE Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, Bigshare Services Private Limited at www.bigshareonline.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:
Bigshare Services Pvt. Limited E-2/3, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (East), Mumbai - 400 072
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 OFS TECHNOLOGIES LIMITED.