|Basis of Allotment|
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
Not for Publication or Distribution, directly or indirectly outside india.)
KHEMANI DISTRIBUTORS & MARKETING LIMITED
Our Company was incorporated as 'Khemani Distributors& Marketing Private Limited "Under the provisions of the companies Act 1956 on January 6, 2011, Bearing Corporate identity Number U74300GJ 2011PTC063520, issued by the registrar of Companies, Gujrat, Dadra and Nagar Havelli. Subsequently our Company was converted into Public ltd company and the name of our Company was changed from "Khemani Distributors & Marketing Private Limited" to "Khemani Distributors & Marketing limited" vide fresh certificate of Incorporation consequent upon conversion to public limited company dated january 1, 2016 issued by the registrar of Companies, Ahmedabad, Gujrat with the Corporate identity Number U74300GJ2011PLC063520. For further details, please refer to chapter titled "Our History and Certain Corporate matters" begining page 91 of this prospectus.
Registered Office: Survey No.187, Plot No. 1 to
4, Opposite Saifee Complex, NearBaroda Rayon Corporation (BRC), Udhana. Bhestan,
Surat-210, Gujarat. India; Tel.: +91-261-2905031; Fax: +91-261-2905031;
PUBLIC ISSUE OF 15,84,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF KHEMANI DISTRIBUTORS & MARKETING LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE RS 100 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 90 PER EQUITY SHARE) ("ISSUE PRICE"), AGGREGATING RS 1,584.00 LACS (THE "ISSUE"), OF WHICH 84,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 100 PER EQUITY SHARE AGGREGATING RS 84.00 LACA WILL BE RESERVED 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 15,00,000 EQUITY SHARE OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 100 PER EQUITY SHARE AGGREGATING RS 1500.00 LACS IS HEREINAFTER REFFERED TO AS THE "NET ISSUE". THE ISSUE AND THE ISSUE WILL CONSTITUTE 27.58% AND 26.12% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated march 09, 2016 and as per regulations 43(4) of SEBI (ICDR) Regulations 2009 wherein a minimum 50% of the net offer to public shall intially be made available to Retail individual investors. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retails investors and b) other investors including corporate bodies/instituitions irrespective of number of shares applied for. the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall / may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All investors have participated in this offer through ASBA process For details in this regard, specific attention is invited to chapter titled "Issue Procedure" on page 203 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS 10 EACH AND THE ISSUE
PRICE OF RS 100 IS 10.00 TIMES OF THE FACE VALUE OF THE EQUITY SHARES
The Equity Shares offered through the Prospectus proposed to be listed on the SME platform or BSE Limited ("BSE") ("BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to Obtain an in-pringiple approval for the shares being offered in this issue. However, the Company has received an approval letter dated March 04,2016 from BSE for using its name in the Prospectus for listing of our Shares on SME platform of BSE. The designated stock exchange is SME platform of BSE.
The Issue has received 123 applications for 17,32,800 Equity shares (After Multiple Reaction but Before Technical Rejections) (including Market Maker Application of 84,000 Equity Shares) resulting 1.0939 times subscription. After considering, Technical/Multiple Rejection cases, the issue were subscribed 1.0924 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection);
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on March 22,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 100/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 84,000 Equity shares in full out of reserved portion of 84,000 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 100/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.1664 limes. Total number of shares allotted in this category is 1,24,800 Equity Share to 104 successful applicants. The category wise details of basis of allotment as under:
C. Allocation to other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 100/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.0268 times. The Total number of shares allotted in this category is 13,75,200 Equity Shares including unsubscribed portion of 625200 Equity Shares of Retail Individual investors. The category wise basis of allottment is as under:
The Board or Directors of the Company at its meeting held on March 23, 2016 has taken on record the Basis of Allocation of Equily Shares approved by the Designated Stack Exchange viz. BSE and authorized corporate action for allotment of shares in demateriatized form to various successlul 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 or before March 26,2016. Further, the instructions to SCSBs have been Issued on March 23, 2016 for unblocking of funds. The Equity Shares allocated to successlul 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 Platlonm of BSE within Six working days from the date of the closure of the Issue. The trading is proposed to commence on or before March 30, 2016 subject to receipt of listing and trading approval from BSE
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at All future correspondence in this www.bigshareonline.com All future regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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 6E TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPfCTS OF KHEMANI DISTRIBUTORS * MARKETING LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Praspectus.