|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement.)
JET KNITWEARS LIMITED
Our Company was incorporated as Jet Knitwears Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated April 02,1996 in Kanpur, Uttar Pradesh. Subsequently, the name of our Company was changed to Jet Knitwears Limited vide fresh certificate of incorporation dated April 01, 2015. The company was incorporated to takeover the running business of partnership firm M/s Jet Knitwears Company along with all the assets and liabilities, approvals, permits, registrations, etc. For further details, please referto chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 124 of the Prospectus.
Registered Office: 119/410, B-1, Darshanpurwa, Kanpur- 208012, Uttar Pradesh, India Tel No.: +91 512-2217553; E-mail: firstname.lastname@example.org; Website: www.jetknit.com Contact Person: Mr. Balram Kumar Narula, Managing Director
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 10,83,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLYPAID UP OF JET KNITWEARS LIMITED ("JKL" OR "JETKNIT"OR THE "COMPANY" ORTHE "ISSUER") FOR CASH AT A PRICE OF Rs. 39/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF Rs. 29/- PER EQUITY SHARE AGGREGATING Rs. 422.37 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 57,000 EQUITY SHARES 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 10,26,000 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 26.52% AND 25.13% 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 226 OFTHE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 39/-
PROPOSED LISTING: FRIDAY, OCTOBER 07, 201 6
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). The Company has received an in-principle approval letter dated September 07,2016 from NSE for using its name in the offer documentfor listing of its shares on NSE Emerge Platform.
Forthe 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 Friday, October 07,2016.* *Subjectto receipt of listing and trading approvalsfrom the National Stock Exchange of India 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 633 applications for 4071000 Equity Shares resulting in 3.76
times subscription (including reserved portion of Market Maker). The details ofthe
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:
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 October 03,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 39/- per Eguity 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 57,000 Eguity 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. 39/- per Eguity Share, was finalized in consultation with NSE. The category was subscribed by 2.95 times. The total number of shares allotted in this category is 513000 Eguity Shares to 171 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. 39/- per Eguity Share, was finalized in consultation with NSE. The category was subscribed by 4.75 times. The total number of shares allotted in this category is 513000 Eguity Shares to 92 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 October 03,2016 has taken on record the Basis of Allocation of Eguity 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 Eguity 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 October 05, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to October 04,2016. In case the same is not received within four working days, investors may contact Registrar at the address given below. The Eguity 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 Eguity 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 September 21,2016 ("Prospectus").
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 guoting 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 JET KNITWEARS LIMITED.