|Basis of Allotment|
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 Not for publication or distribution, directly or indirectly outside India.)
SHASHIJIT INFRAPROJECTS LIMITED
Our Company was incorporated as "Shashijit Construction Private Limited" at Vapi, Gujarat as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 05,2007 bearing corporate identification number U45201GJ2007PTC052114 issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, the name of our Company was changed to "Shashijit Infraprojects Private Limited" vide a fresh Certificate of Incorporation dated June 20,2016 issued by the Registrar of Companies, Gujarat, Ahmedabad. Further, our Company was converted into public company pursuant to shareholders resolution passed in the Extraordinary General Meeting held on July 27,2016 and a fresh certificate of incorporation issued on August 24, 2016 by Registrar of Companies, Gujarat, Ahmedabad and the name of our Company was changed to "Shashijit Infraprojects Limited". The Corporate Identification Number of our Company is U45201GJ2007PLC052114. 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 59 and 146 respectively of the Prospectus.
Registered Office: Plot No. 209, Shop No. 23, 2nd Floor,
Girnar Khushboo Plaza, GIDC, Vapi - 396195, Gujarat.
PROMOTER OF OUR COMPANY: AJIT JAIN
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 23,28,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF SHASHIJIT INFRAPROJECTS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE INCLUDING A SECURITY PREMIUM OF RS. 5 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 349.20 LAKHS ("THE ISSUE"), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 18.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 22,08,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 331.20 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01 % AND 25.61 % RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated September 26,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offerto 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 offerto any one of the categories specified in (a) or (b) shall/may be made available for allocation in any otJiercategory, 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 regards, specific attention is invited to chapter "Issue Procedure" on page 240 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated September 22, 2016 from BSE for using its name in the Offer Documentfor listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
The Issue has received 119 applications for 29,28,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 1,20,000 Equity Shares) resulting 1.26 times subscription. After considering, technical rejection cases, the issue were subscribed 1.24 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):
# Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 11,04,000
* Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 11,04,000 and including unsubscribed portion of 5,12,000 equity shares spilled from retail individual category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE SME on October 10,2016.
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 SME. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,20,000 Equity Shares in full out of reserved portion of 1,20,000 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. 15/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 0.54 times. Total number of shares allotted in this category is 5,92,000 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 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.35 times. Total number of shares allotted in this category is 16,16,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October 10,2016 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 shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before October 17,2016. Further, the instructions to SCSBs shall be issued on October 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. 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 fortrading 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 October 18,2016 subject to receipt of listing and trading approvals from BSE.
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 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 SHASHIJIT INFRAPROJECTS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.