|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 Not for publication or distribution, directly or indirectly outside India.)
NANDANI CREATION LIMITED
Our Company was incorporated as "Nandani Creation Private Limited' at Jaipur, Rajasthan as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 21,2012 bearing Corporate Identification Number U18101RJ2012PTC037976 issued by Registrar of Companies, Rajasthan. Subsequently, our Company was converted into Public Limited Company under Section 18 of the Companies Act, 2013; pursuant to Shareholders resolution passed at the Extraordinary General Meeting held on August 03, 2016 and the name of our Company was changed to "Nandani Creation Limited" and a fresh Certificate of Incorporation consequent upon conversion from Private Limited Company to Public Limited Company dated August 12,2016 was issued by the Registrar of Companies, Jaipur. The Corporate Identification Number of our Company is U18101RJ2012PLC037976.For details of Incorporation, Change of Name and Registered Office of our company, please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 160 of the Prospectus.
Registered Office: F-95, Kartarpura Industrial Area,
Near 22 Godam, Jaipur- 302006, Rajasthan, India
PROMOTERS OF OUR COMPANY: VANDNA MUNDRA AND ANUJ MUNDRA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 14,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
("EQUITY SHARES") OF NANDANI CREATION LIMITED (THE'TOMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 28 PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 18 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 404.32
LAKHS ("THE ISSUE"), OF WHICH 76,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH
FOR CASH AT A PRICE OF RS. 28 PER EQUITY SHARE, AGGREGATING RS. 21.28 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
13,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 28 PER
EQUITY SHARE, AGGREGATING RS. 383.04 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 48.96% AND 46.38% RESPECTIVELY
OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE
PRICE OF RS. 28 IS 2.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES. ISSUE OPENED ON
SEPTEMBER 28,2016 AND CLOSED ON OCTOBER 03, 2016.
The Issue has received 115 applications for 19,68,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 76,000 Equity Shares) resulting 1.36 times subscription. After considering, Technical Rejection cases, the issue was subscribed 1.36 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):
# Basea on actual number of shares availabe for allotment as mentioned in prospectus i.e. 6,84,000
* Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 6,84,000 and Including unsubscribed portion of 3,48,000 equity shares spilled form retail individual category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- NSE on October 05,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 28/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 76,000 Equity Shares in full out of reserved portion of 76,000 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. 28/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.49 times. Total number of shares allotted in this category is 3,36,000 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 Allotment to other than Retail Individual Investors, at the issue price of Rs 28/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.50 times. Total number of shares allotted in this category is 10,32,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October 05,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. EMERGE Platform of the National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the
Applicants as registered with the depositories/ as filled in the application form on or
before October 10,2016. Further, the instructions to SCSBs has been issued on October
06,2016 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. 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 EMERGE Platform of
National Stock Exchange of India Limited within six working days from the date of the
closure of the Issue. The trading is proposed to commence on or before October 13,2016
subject to receipt of listing and trading approvals from NSE.
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 lodged and payment details at the address of 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
NANDANI CREATION LIMITED.