|Basis of Allotment|
|(This is only an advertisement for Information purposes and not a
Prospectus announcement and does not constitute an Invitation or offer to acquire,
purchase or subscribe for securities and not for publication or distribution, directly or
indirectly outside India.)
K.P. ENERGY LIMITED
Our Company was incorporated as K.R Energy Pvt. Ltd. on January 08, 2010 under the Companies Act, 1956, with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, bearing Registration Number 059169. The status of our Company was changed to public limited company and the name of our Company was changed to K.P. Energy Limited by a special resolution passed on April 10, 2015. A fresh Certificate of Incorporation consequent to the change of name was granted to our Company on May 11,2015, by the Registrar of Companies, Ahmedabad, bearing CIN U40100GJ2010PLC059169. For further details, please see the chapter titled "History and certain Corporate Matters" beginning on page 116 of the Prospectus.
Registered Office: A-1/2, Firdos Tower, Behind Fazal Shopping
Centre, Adajan Patia, Surat, Gujarat - 395009. Tel.: +91-261-2764757;
OUR PROMOTERS: MR. FARUKBHAI PATEL AND MR. ASHISH A MITHANI
PUBLIC ISSUE OF 9,20,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF K.P ENERGY LIMITED ("KPEL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 70 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 644.00 LAKHS ("THE ISSUE"), OF WHICH, 48,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE CHAPTER "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 8,72,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.90% AND 25.50%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
ISSUE PRICE: RS 70 PER EQUITY SHARE. THE FACE VALUE OF THE EQUITY SHARE
IS RS 10 EACH.
The Equity Shares of the Company 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-principle listing
approval from SEBI. However, our Company has received an approval via letter dated October
23,2015 from BSE for using its name in the offer document for listing of our shares on the
SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this
Issue. The trading is proposed to be commenced on or before February 26,2016*
The Issue is being made through the Book Building process wherein 50% of Net Issue of the Equity Share offered are reserved for allocation to Bidders below or equal to Rs 2.00 lakhs and the balance for higher amount Bids. The Issue comprises a Net Issue to Public of 8,72,000 Equity Shares of Rs 10 each ("the Net issue"), and a reservation of 48,000 Equity Shares of Rs 10 each for subscription by the designated Market Maker ("the Market Maker Reservation Portion"). The Issue and the Net Issue will constitute 26.90% and 25.50%, respectively of the Post Issue Paid-up Equity Share Capital of the Company. Allocation to all categories shall be made on a proportionate basis subject to valid Bids received at or above the Issue Price. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Book Running Lead Manager and Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in this Issue only 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 136 applications for 10,70,000 Equity Shares resulting in 1.17
times subscription. After considering Technical Rejection cases, the Issue was subscribed
1.15 times (including the Market Maker Portion). The details of the applications received
in the Issue (before and after technical rejections) are as follows:
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under subscription in Retail Category to the extent of 2,00,000 Equity Shares and over subscription of 1,36,000 Equity Shares in Non - Retail Category (including unsubscribed portion of Retail Category). The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd. on February 22,2016.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Marker, at the issue price of Rs 70/- per Equity Share, was finalised in consultation with BSE. This category was subscribed by 1.00 times. The total number of shares allotted in this category is 48,000 Equity shares in full out of reserved portion of 48,000 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 70/-per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 2,36,000^ Equity Shares. The category was subscribed by 0.541 times.
^ The under-subscribed 2,00,000 Equity Shares in this category have been spilled over to Non-Retail Category.
The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retail Category (After Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs 70/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 6,36,000* Equity Shares. The category was subscribed by 1.214 times.
*includes original reservation of 4,36,000 Equity Shares and spill over from Retail Individual Investors category of 2,00,000
The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on February 23,2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment 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. Further, the instructions to SCSBs have been issued on February 23, 2016 for unblocking of funds. 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. In case the same is not received within prescribed time, investors may contact the registrar to the issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within Six working days from the date of closure of the Issue.
The trading is proposed to commence on or before February 26,2016 subject to receipt of listing and trading approvals from BSE.
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
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 K. R ENERGY LIMITED.
The Prospectus of K.P. Energy Limited is available on the website of the SEBI at www.sebi.gov.in and the website of the Book Running Lead Manager at www.afsl.co.in and website of the BSE atwww.bseindia.com. Investors should note that investment in equity shares involves a high degree of risk. For details, investors should referto and rely on the Prospectus, including the section titled "Risk Factors" of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered underthe US Securities Act ("the Securities Act") or any state securities laws in United States and may not be issued or sold within the United States orto, or forthe account or benefit of, "U.S. persons" (as defined in Regulations underthe Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.