|Basis of Allotment|
|(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A
PANSARI DEVELOPERS LIMITED
Our company was originally incorporated as Pansari Developers Private Limited on April 22,1996 as a private limited company under the provision of Companies Act 1956 with Registrar of Companies. West Bengal. Further, pursuant to Special resolution passed by the Shareholders, at the Extra Ordinary General Meeting held on June 06,2016 our Company was converted into a Puhhc Limited Company and: consequently the name of our Company was changed to Pansari Developers Limited. A fresh certificate of incorporation pursuant to the change of name was Issued by the Regstrar of Companies, Kolkata, on June 21, 2016. For further details please refer to chapter tiled "History and Certain Corporate Matters" beginning on page 131 of the Prospectus,
Registered Office: 14, N.S. Road. 4th floor, Kolkata, West
Bengal-700001. India. | Tel No.: +91-033-40050500/04. | Fax No.: +91
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 46,32,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF PANSARI DEVELOPERS LIMITED ("OUR COMPANY"' OF "THE ISSUER") FOR CASH AT A PRICE OF RS 22 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 12 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 1019.04 LAKHS ("THE ISSUE"), OF WHICH 2,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR CASH PRICE OF RS 22 PER EQUITY SHARE, AGGREGATING TO RS 52.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 43,92 ,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 22 PER EQUITY SHARE AGGREGATING TO RS 966.24 LAKHS (IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.55% AND 25.17%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 262 OF THE PROSPECTUS. THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULAT10NS,2009, AS AMENDED FROM TIME TO TIME (THE "SEBI ICDR REGULATIONS"). FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE RELATED INFORMATION " BEGINNING ON PAGE 262 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE
PRICE IS RS 22
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("NSE EMERGE") in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue.However, our Company has received an approval letter dated September 22, 2016 from NSE for using its name in this offer document for listing of our shares on the SME Plaflorm of NSE. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. ("NSE EMERGE"). The trading is proposed to be commenced on or about October 17, 2016.*
* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed to participate in the issue through Application Supported by Blocked Amount ("ASBA") process by by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the"SCSBs").
The issue has received 537 applications for 71,94,000 Equity Shares resulting in 1.55 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Application Received (Before technical Rejection):
The Detail of applications rejected by the Registrar on Technical Grounds 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 - National Stock Exchange of India Limited on October 13, 2016
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The
Basis of Allotment to the Market Maker, at the Issue price of Rs 22 per Equity Share, was
finalised in consultation with national Stock Exchange of India Limited. The category was
subscribed by 1.00 times The total number of shares allotted In this category is 2,40,000
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 22 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.34 times i.e. for 29,40,000 Equity shares Total number of shares allotted in this category is 21,96,000 Equity Shares to 366 successlul applicants.
The category wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 22 per Equity Share, was finalized in consultation with national Stock Exchange of India Limiled. The category was subscribed by 1.78 times i.e. for 39,06,000 shares the total number of shares allotted in this category is 21,96,000 Equity Shares to 31 successlul applicants.
The category wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on
October 13, 2016 has approved the Basis of Allocation of Equity Shares as approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized
the corporate action for the transfer of the Equity Shares to various successful
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated Sepiember 22, 2016 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, Link intime India Private Limited at www.linkintime.co.in 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 of the Registrar given below:
LINK INTIME INDIA PRIVATE LIMITED
THE LEVEL DF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PANSARI DEVELOPERS LIMITED.