|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
GHUSHINE FINTRRADE OCEAN LIMITED
Corporate Identity dumber: - U65910GJ1995PLC025823
Our Company was incorporated as "Pallavi Finstock Private Limited" a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated May 10, 1995 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, our Company was converted into a public limited company and the name of our Company was changed to 'Pallavi Finslotk Limited' pursuant to a Certificate of Incorporation dated July 14, 2015 issued by the Registrar of Companies, Gujarat Ahmedabad. Further the name of our company was changed to Ghushine Fintrade Ocean Limited vide Certificate of incorporation pursuant to change of name dated August 4, 2015 issued by the Registrar of Companies, Gujarat, Ahmedabad. Our corporate identification number is U65910GJ1995PLC025823. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 33 and 36. respectively, of the Prospectus
Registered Office: 203, Trividh Chambers, Rushabh
Petrol Pump Lane, Ring Road, Surat - 395002. Gujarat
Company Secretary and Compliance Oflicer: Ms. Akriti Sharma
PROMOTERS OF OUR COMPANY: Mr. ALOK B. JAIN AND Mrs. KAPILA A. JAIN
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 26,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF GHUSHINE FINTRRADE OCEAN LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT PAR; AGGREGATING RS 260.00 LACS ('THE ISSUE"), OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT PAR, AGGREGATING RS 14.00 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 24,60,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT PAR, AGGREGATING RS 246.00 LACS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 52.59% AND 49.75% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE SEBI REGULATIONS"), OUT DF THE NET OFER OF 24,60,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
ISSUE OPEN ON MONDAY, APRIL 25, 2016 AND CLOSED ON WEDNESDAY, APRIL 27, 2016.
PROPOSED LISTING: THURSDAY MAY 5, 2016
The Equity Shares offered through this 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, we are not required to obtain an
in-principal listing approval for the shares being offered in this Issue. However, our
Company has received an approval letter dated March 22, 2015 from BSE for using its name
in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the
purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed
to be commenced with effect from THURSDAY MAY 5,2016*.
All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY El LOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounis in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs")
The Issue has received 367 applications for 65,50,000 Equity Shares resulting in 2.519
times subscription (including reserved portion of Market Maker). 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 / withdrawal are detailed below:
After eliminating Technically Rejected applications, the following
table gives the details of Category wise net valid applications:
Allocation: The Basis of Allolment was finalised in consultation with the Designated Stock Exchange - BSE Limited on May 2,2016.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.10 per Equity Share, was finalized in consultation with BSE. The calegory was subscribed by 1.00 time. The total number of shares allotted in this calegory is 1,40,000 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 10 per Equity Share, was finalized in consultation with BSE. The total number of shares allotted in this category is 13,30,000 Equity Shares. The retail category has applied for 53.97% at the valid applications under the net offer to public.
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 Other than Retail Individual Investors, at the issue price of Rs 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.513 times. The total number of shares allotted In this category is 11,30,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on May 2,
2016 has taken on record the Basis of Allotment of Equity Shares approved by the
Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the
transfer of the Equity Share to various Successful applicants.
Note: All capitalized terms used and not defined herein shall have the respective meaning aligned to them in the prospectus dated April 9,2010 ("Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue. PURVA SHAREEGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING ON THE BUSINESS PROSPECTS OF GHUSHINE FINTRADE OCEAN LJMITED.