|Basis of Allotment|
(This is only an advertisement for Information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.)
SHIVA GRANITO EXPORT LIMITED
Our Company was originally formed and registered as a partnership firm under the Partnership Act 1932 ("Partnership Act") in the name and style of "M/s Shiva Export Co." pursuant to a deed of partnership dated July 16,2007. The Constitution and Capital of the partnership firm was changed pursuant to supplementary agreement modifying the partnership deeds dated October 11,2008. April 1,2015 and November 3, 2015. M/s Shiva Export. Co. was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act 2013 in the name and style of "Shiva Granito Export Limited" and received a fresh certificate of incorporation from the Registrar of Companies, Rajasthan at Jaipur on December 31, 2015 bearing registration no. 048974. The Corporate Identification Number of our Company is U14200RJ2015PLC048974. For details of Incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 74 and 180 respectively of the Prospectus.
Registered Office: 8, Bhatt Ji Ki Baari, Udaipur- 313001 Rajasthan,
India; Tel Ho.: 0294-2427577; Fax No.: 0294-2414463
PROMOTERS OF OUR COMPANY: SURESH UPADHYAY AND ABHISHEK UPADHYAY
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 42,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF SHIVA GRANITO EXPORT LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PHICE OF RS. 12 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 2 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 504.00 LAKHS ("THE ISSUE"), OF WHICH 2,20,000 EQUITY SHARES OF FACE VALUE RS. 10 EACH FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, AGGREGATING RS. 26.40 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 39,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, AGGREGATING RS. 477.60 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.78% AND 30.12% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
In terms of Prospectus dated August 12,2016 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.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies/institutions irrespective of no. of shares applied for.
(c) 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
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE OF
RS. 12.00 IS 1.2 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. TheCompany 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 July 14,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
The Issue has received 701 applications for 93,90,000 Equity shares
(Before Technical Rejections) (including Market Maker Application of 2,20,000 Equity
Shares) resulting 2.24 times subscription. After considering, Technical Rejection
cases, the issue was subscribed 2.18 times (including the Market Maker Portion).
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 Stack Exchange-BSE on September 01,2016
A. Allocation to Market Maker (AfterTechnical Rejeclions):TheBasis of Allotmentto the Market Maker, at the issue priceof Rs. 12/-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 2,20,000 Equity shares in full out of reserved portion of 2,20,000 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. 12/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.24 times. Total number of shares allotted in this category is 28,70,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotmentto other than Retail Individual Investors, at the issue price of Rs. 12/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.26 times. Total number of shares allotted in this category is 11,10,000 Equity Shares. The category wise basis of allotment is as under
The Board of Directors of the Company at its meeting held on September
01, 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.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this 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 lodgedand payment details at the addressof 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 SHIVA GRANITO EXPORT LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.