|Basis of Allotment|
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)
SPICY ENTERTAINMENT AND MEDIA LIMITED
Our Company was originally incorporated as "Lahotl Entertainment & Media Limited' in Kolkata. West Bengal as a Public Limited Company under the provisions of the Companies Act. 1956 vide Certificate of Incorporation dated 15th November, 2012 bearing Registration Number: 188312 issued by the Registrar of Companies, Kolkata., West Bengal and having Certificate for Commencement of Business dated 11th December, 2012. Subsequently, the name of Our Company was changed to ''Spicy Entertainment and Media. Limited" and a Fresh Certificate of Incorporation dated 7th November, 2014 issued by the Registrar of Companies. Kolkata, West Bengal. The Corporation Identification Number of our Company is U22219WB2012PLC188312. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General information" and 'Our History and Corporate Structure" beginning an page 35 and 120 respectively of the Prospectus.
Registered Office: 4, Fairlie Place, HMP House, 4th
Floor, Room No - 408, Kolkata - 700 001, West Bengal.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 48,20,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF SPICY ENTERTAINMENT AND MEDIA LIMITED ("SEML" OF THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 10 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 482.00 LACS ("THE ISSUE"), OF WHICH, 2,60,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 45,60,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.19% AND 27.62%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY
In terns of Prospectus dated l6th August, 2016 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail nvestors and b) other investors including corporate bodies/ institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to anyone 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 individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 10 EACH.
The Equity Shares offered through the Prospectus 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, Company is not required to
obtain an in-principle approval of the shares being offered in this Issue. However Company
has received an approval letter dated 9th May, 2016 from BSE for using its name in the
offer document for listing of our Shares on the SME platform of BSE. The designated stock
exchange is BSE Limited.
The Issue has received 181 applications for 57,60,000 Equity Shares (Including Market Maker Application of 2,60,000 Equity Shares) resulting 1.195 times subscription. The details of the application received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Details of the Valid Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 12th September, 2016.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 10 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,60,000 Equity shares in full out of reserved portion of 2,60,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.776 times. Total number of shares allotted in this category is 17,70,000 Equity Shares. The balance 5,10,000 Equhy Shares has been spilled over to Non Retail Investors category. The category wise basis of allotment is 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 1.553 times. Total number of shares allotted In this category is 27,90,000 Equity Shares including spill over of 5,10,000 Equity Shares from Retail individual category. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 12th September 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.
The allotment advice and / or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 15th September, 2016. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 15th September, 2016. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneliciary 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. The trading is proposed to be commenced on or before 16th September, 2016 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details, of the allotmenl made would also be hosted on the website of the Registrar to the Issue, Maheshwari Datamatics Private Limited at 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 ASBA Bank details at the address of the Registrar given below:
MAHESHWARI DATAMATICS 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 SPICY ENTERTAINMENT AND