|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
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TITAANIUM TEN ENTERPRISE LIMITED
Our Company was originally incorporated as "Titanium Ten Enterprise Private Limited" at Surat, Gujarat as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 18, 2008 bearing Corporate Identification Number "U52100GJ2008PTC055075" issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extra ordinary General Meeting of our Company held on May 06,2016 and the name of our Company was changed to "Titanium Ten Enterprise Limited" and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated June 2, 2016 was issued by the Registrar of Companies, Ahmedabad. Further, the name of our Company was changed to "Titaanium Ten Enterprise Limited" and a Certificate of Incorporation pursuant to change of name dated June 13,2016 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number (CIN) of our Company is "U52100GJ2008PLC055075". For details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapters titled 'General Information and 'Our History and Certain Other Corporate Matters' beginning on page 67 and 169 respectively of the Prospectus.
Registered Office: Shop No. 901/914, Rajhans Complex, 9th Floor,
Ring Road, Surat- 395002, Gujarat, India
PROMOTERS OF OUR COMPANY - ROHITKUMAR KAPADIA AND ILABEN KAPADIA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 18,16,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF TITAANIUM TEN ENTERPRISE LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 5 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 272.40 LAKHS ("THE ISSUE"), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 14.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 258.00 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% AND 25.56% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 23,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially 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 retail investors and b) other investors including corporate bodies/ institutions irrespective of no. 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 of the investors is invited to chapter titled 'Issue Procedure' on page 271 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 15.00. THE ISSUE PRICE IS 1.5 TIMES OF THE FACE VALUE.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of 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-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated June 23,2016 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 234 applications for 34,88,000 Equity shares (After Multiple Rejection but Before Technical Rejections) (including Market Maker Application of 96,000 Equity Shares) resulting 1.92 times subscription. After considering, Technical/ Multiple Rejection cases, the issue was subscribed 1.90 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 July 11,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 15/- 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 96,000 Equity shares in full out of reserved portion of 96,000 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. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.94 times. Total number of shares allotted in this category is 8,64,000 Equity Shares. The category wise detail of basis of allotment is 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 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.96 times. Total number of shares allotted in this category is 8,56,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on July 12,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form 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 or
before July 13,2016. Further, the instructions to SCSBs have been issued on July 12,2016
for unblocking of funds. 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 within Six working days from the date of the
closure of the Issue. The trading is proposed to commence on or before
July 14,2016 subject to receipt of listing and trading approvals from BSE.
This is with reference to Prospectus dated June 23,2016 filed with Registrar of Companies, Gujarat, Ahmedabad (The "RoC"), BSE Limited and SEBI in relation to the issue. All capitalized term used in the notice shall, unless the context otherwise requires, has the meaning ascribed in the Prospectus. Investors may please note the following updates/amendments in Prospectus, Application Forms, Abridged Prospectus and General Information Document:
1. In the chapter titled "Our Promoters and Promoter Group" of the
Prospectus, on beginning on page 184, promoter group should include the following
Shalu Kapadia and Vieha Kapadia are not immediate relatives within the meaning of regulation 2(1)(zb) of ICDR Regulations but are considered voluntarily for the purposes of shareholding of the Promoter Group.
2. The name, Vieha Kapadia forming part of Promoter Group are dematerialized in the name of Tejus Kapadia (as guardian, on behalf of Vieha Kapadia).
INVESTORS PLEASE NOTE
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 TITAANIUM TEN ENTERPRISE PRIVATE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.