|Basis of Allotment|
(This is only an advertisement far Information purposes and not a Prospectus announcement)
SHANTl EDUCATIONAL INITIATIVES LIMITED
Our Company was originally incorporated as Chiripal Enterprises Limited on May 12,1988 with the Registrar of Company. Gujarat as a public limited company under the provisions of the Companies Act and a certrificate of commencement of business was issued by the Registrar or Companies. Gujarat on July 12.1988. Further the name of our Company was changed from Chiripal Enterprises Limited to Shanti Educational Initiatives Limited vide a fresh certificate of incorporation dated April 16.2010 issued by the Assistant Registrar of Companies-. Gujarat, Dadra and Nagar Havelli. The changes to the name of our Company were undertaken to allgn the name of our Company with the nature of business of our Company.. For further detalls. please see the section titled 'History and Certain Other Corporate Metters" beginning on page 86 of the Prosperous.
Registered Offics: 283. New Cloth Market.
Ahmedabad-380002, Gujarat. India: Tel: +91-79-22162006;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 44.00.000 EQUITY SHARES OF Rs. 10 EACH ( EQUITY
SHARES") OF SHANTl EDUCATIONAL INITIATIVES LIMITED (SEIL" OR THE
"COMPANY" OR THE ISSUER") FOR CASH AT A PRICE OF Rs. 90 PER SHARE (THE
ISSUE PRICE"}, AGGREGATING TO Rs. 3960.00 LACS (THE ISSUE") CONSISTING OF
AN OFFER FOR SALE OF 36,00, 000 EQUITY SHARES BY THE SELLING SHAREHOLDERS AGGREGATING TO
Rs. 3240. 00 LACS AND FRESH ISSUE OF 8,00,000 EQUITY SHARES AGGREGATING TO Rs. 720.00
LACS, OF WHICH, 2,40,000 EQUITY SHARES OF Rs. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY
MARKET MAKER TO THE ISSUE (THE MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE
KARKET MAKER RESERVATION PDRTION i.e. ISSUE OF 41,60,000 EQUITY SHARES OF Rs, 10 EACH IS
HEREINAFTER REFERRED TO AS THE "NET ISSUE", THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 27.33% AND 25-84%, 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 THE
ISSUE PRICE IS RS. 90.00. THE ISSUE PRICE IS 9.0 TIMES OF THE FACE VALUE. ISSUE
OPENED ON WEDNESDAY, JUNE 01, 2016 AND CLOSED ON MONDAY, JUHE O6. 2016.
This being a Flxed Price Issue, 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 Offerer shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net issue of Shares to the public shall be made available for allotment to Individual Applicants other than 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 spillover from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange. Such Interse 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 ('ASEA") 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 422 applications for 44,00,000 Equity Shares resulting in 1.52
times subscription (including reserved portion of market maker The details of the
applications received in the Issue (before technical rejections) are as fallows:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
* After Spill -over of 15.26.400 shares from Retail Individual
Investors to Other than Retail Individual Investors.
A. Allocation to Market Maker (After Technical Rejections): The Basis
of Allotment to the Market Maker, at the issue price of Rs. 90/- per Equity Share, was
finalised in consultation with BSE, The category was subscribed by 1,00 times The total
number of shares allotted in this category is 2,40.000. Equity
C. Allocation to Other than Retail 1ndividual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Other than Retail individual investors, at the issue price of Rs. 90/- per Equity Share, was finalized in consultation wilh BSE. The category was subscribed by 1.64 times.Total number of shares allotted in this category is 36,06,400 Equity Shares. The category wise basis of allotment is as under
The Board of Directors of the Company at its meeting held on June 10. 2016 has approved the Basis of Allocation of Equity Shares as 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 are being dispatched to the address of the
Applicants as registered with the depositories/ as filled in the application form on June
10. 2016. Further, the instructions to Serf Certified Syndicate Banks for unblocking the
amount have been processed on June 10, 2016. In case the same is not received within
prescribed time, investors may contact 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 the SME Platform of BSE
Limited within six working days from the date of the closure of the Issue.
LINK INTIME INDIA PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER.THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHANTI EDUCATIONAL INITIATIVES LIMITED.