|Basis of Allotment|
(This Is Only An Advertisement For Information Purposes And Not A Prospectus Announcement Not For Distribution Outside India)
OCTAWARE TECHNOLOGIES LIMITED
Our Company was incorporated as Octaware Technologies Pvt. Ltd. on May 26, 2005 under
the Companies Act 1956. with the Registrar of Companies, Mumbai. Maharashtra, bearing
Registration Number 153539. The status of our Company was changed to public limited
company and the name of our Company was changed to Octaware Technologies Ltd by a special
resolution passed on June 15, 2015. A fresh Certificate of Incorporation consequent to the
change of name was granted to our Company on August 17, 2015, by the Registrar of
Companies. Mumbai. Maharashtra. For further details, please see the chapter titled
"History and Certain Corporate Matters" beginning on page 114 of the Prospectus.
Registered Office: 204, Timmy Arcade, Makwana Road
Marol Andhen (East), Mumbai - 400 059 | Tel.: +91 - 22 - 4023 1431 | Fax: +91
- 22 - 2829 3959
PROMOTERS OF THE COMPANY: MR. ASLAM KHAN AND MR, SAJID HAMEED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 9,55,200 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF OCTAWARE TECHNOLOGIES LIMITED ("OTL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 90 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 859.68 LAKHS ("THE ISSUE"), CONSISTING OF FRESH ISSUE OF 4,45,200 EQUITY SHARES AGGREGATING TO RS 400 68 LAKHS AND AN OFFER FOR SALE OF 5,10,000 EQUITY SHARES BY THE SELLING SHAREHOLDERS AGGREGATING TO RS 459.00 LAKHS ("OFFER FOR SALE"). OF WHICH 49,600 EQUITY SHARES OF RS 10 EACH WILL BE RESERVEO FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 9,05,600 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.60% AND 25.22%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
ISSUE OPENED ON MARCH 17, 2017 AND CLOSED ON MARCH 24, 2017.
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE") Our Company has received an approval via letter dated March 06, 2017 from BSE for using Its name m 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 April 03, 2017 (Subject to receipt of listing and trading approvals from the BSE Limited)
The Issue being made through the Fixed Price process the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations. 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment lo Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other man Retail Individual Investors and other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. Under subscription, if any. in any of the categories, would be allowed to be met with spill-over from any other other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation 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 the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts m which the corresponding application amounts were blocked by Serf Certified Syndicate Banks (the "SCSBs").
The Net Issue has received 496 applications for 13,68,000 Equity Shares resulting in 1.51 times subscription. The details of the applications received in the Net issue (before and after technical rejections & withdrawal) are as follows Detail of the Applications Received
Note: The issue also includes 49,600 Equity Shares reserved for Market Maker, when was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscnption of 2,03,200 Equity Shares in Retail Category & over subscnption 1,95,200 Equity Shares in Non - Retail Category The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on March 29, 2017,
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): Tie Basis of Allotment to the Market Maker, at the Issue Price of * 90 per Equity Share, was finalised m consultation with BSE. The category was subscribed by i .00 times. The tolal number of shares allotted m this category is 49.600 Equity Shares. The category-wise details ol the Basis of Allotment are as under
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 90 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 4,62,400 Equity Shares. The category was subscribed by 1.44 times. The category-wise details of the Basis of Allottment are as under:
C) Allocation to Non Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 90 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 4,43,200 Equity Shares The category was subscribed by 1.44 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on March 29,2017 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 have been dispatched to the address of the investors as registered with the depositories. Further, the Instructions to Self Certified Syndicate Banks have been processed on or before March 31, 2017 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the 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 Limited within 6 working days from the Closure of the Issue The trading Is proposed to be commenced on April 03, 2017 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 08, 2017 ('Prospectus").
INVESTORS MAY PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to
the Issue Cameo Corporate Services Limited at Website: www.cameoindia.com
Cameo Corporate Services 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 OCTAWARE TECHNOLOGIES LIMITED.