|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
SANGHVI BRANDS LIMITED
Our Company was incorporated as Sanghvi Brands Promoters Private Limited under the provisions of the Companies Act 1956 vide certificate of incorporation dated February 16, 2010, issued by the Registrar of Companies, Maharashtra, Pune, Subsequently, the name of our company was changed from Sanghvi Brands Promoters Private Limited to Sanghvi Brands Private Limited vide shareholder's approval on January 09, 2017 and fresh certificate of incorporation dated February 21, 2017. Subsequently, our Company was converted into public limited company pursuant to which the name of our company was changed to "Sanghvi Brands Limited" vide shareholder's approval on June 29, 2017 and fresh certificate of incorporation dated July 21,2017. 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 143 of the Prospectus.
Registered Office: Sanghvi House, 105/2, Shivajinagar, Pune-
411005, Maharashtra, India. | Tel No: 020-30533084 | E-mail: firstname.lastname@example.org
PROMOTER OF THE COMPANY: MR. DARPAN NARENDRA SANGHVI
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 27,48,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF SANGHVI BRANDS LIMITED ("SANGHVI" OR THE "COMPANY" OR THE "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 1896.12 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP 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 26,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.38% AND 25.04% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 300 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. 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 October 13, 2017 from BSE Limited for using its name in the offer document for listing of its shares on SME Platform of BSE Limited.
For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced with effect from Wednesday, November 22, 2017. *
*Subject to receipt of listing and trading approvals from the BSE Limited.
All Applicants participated in the Issue through APPLICATIONS 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 782 applications for 7038000 Equity Shares resulting in 2.56 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 - BSE Limited on November 17,2017.
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 BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 140000 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 BSE Limited. The category was subscribed by 1.07 times. The total number of shares allotted in this category is 1304000 Equity Shares to 700 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 BSE. The category was subscribed 4.20 times. The total number of shares allotted in this category is 1304000 Equity Shares to 63 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 November 17, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE 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 November 21, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to November 21, 2017. 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 SME Platform of BSE Limited 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 November 02, 2017 ("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 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 SANGHVI BRANDS LIMITED.