| Basis of Allotment |
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is only an advertisement for Information purposes and not a Prospectus announcement)
NINTEC SYSTEMS LIMITED Corporate Identity Number: - U72900GJ2015PLC084063 Our Company was incorporated as NINtec Systems Limited on August 04, 2015 with the Registrar of Companies, Gujarat as a public limited Company under the provisions of the Companies Act 2013. for further details, please see the section titled 'History and Certain Other Corporate Matters' beginning on page 88 of the Prospectus. Registered Office: B-11 Corporate House, SG Highway,
Bodakdev, Ahmedabad - 380054, Gujarat India PROMOTER OF OUR COMPANY: Mr. NlRAJ C. GEMAWAT AND Mr. INDRAJEET A. MITRA BASIS OF ALLOTMENT PUBLIC ISSUE OF 18,80,000 EQUITY SHARES OF Rs. 10 EACH ("EQUITY SHARES") OF NINTEC SYSTEMS LIMITED ("NSL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.10 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO Rs. 188.00 LACS ("THE ISSUE") OF WHICH, 1,00,000 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 MARKET MAKER RESERVATION PORTION I.e. ISSUE OF 17,80,000 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 25.87%, 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 OF Rs.10 THE ISSUE PRICE IS 1.00 TIME OF THE FACE VALUE. ISSUE OPENED ON TUESDAK, MARCH 29,2016 AND CLOSED ON WEDNESDAY, APRIL 06,2016. 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 BSE. However, our Company has received an approval via letter dated March 15, 2016 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 April 18,2016*. * Subject to receipt of listing and trading approvals from the BSE Limited. This being a Fixed 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 Offer of shares to the Public shall initialy be made available for allotment to Retail indfvidual investors. The balance Net Issue of Shares to the pubbc 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 alowed 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 Designation Stock Exchange. Such interse spill over, If any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shal participate In the Issue only through Applications Supported by Blocked Amount ("ASBA") process by providing the detais of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). SUBSCRIPTION DETAILS The Issue has received 200 applications for 18,80,000 Equity Shares resulting in 1.77 times subscription (including reserved portion of market maker). The details of the 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 (including withdrawal) 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 - BSE Limited on April 11,2016. The category wise details of the Basis of Allotment are as under:
C) Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.82 times. Total number of shares alotted in this category is 6,80,000 Equity Shares. The category wise basis ot allotment is as under:
The Board of Directors of the Company at its meeting held on April
12,2016 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 me
transfer of the Equity Shares to various successful appliants. 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 Apr' 13,2016.
Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount have
been processed on or prior to April 12,2016. 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. INVESTORS PLEASE NOTE The detais 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 ot 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF NINTEC SYSTEMS LIMITED. |
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