|Basis of Allotment|
|(This is only
an advertisement for information purpose and not a Prospectus announcement.)
JET FREIGHT LOGISTICS LIMITED
Our Company was incorporated as Jet Freight Logistics Private Limited underthe provisions of the Companies Act, 1956 vide Certificate of incorporation dated April 13,2006 issued by the Registrar of Companies, Mumbai, Maharashtra. Subsequently, our Company was converted into a Public Limited Company and fresh certificate of incorporation consequent to the conversion was issued on July 16,2016 by the Registrar of Companies, Mumbai, Maharashtra, and consequently the name of our Company was changed to "Jet Freight Logistics Limited". For details of change in registered office of our Company please referto chaptertitled "Our History and Certain Other Corporate Matters" beginning on page 110 of the Prospectus.
Registered Office: B/S, Roy Apartment, 2nd Floor, Near
Cargo Complex, Sahar Road, Andheri (East), Mumbai - 400099, Maharashtra, India.
PROMOTER OF THE COMPANY: MR. RICHARD FRANCIS THEKNATH, MANAGING DIRECTOR
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 14,52,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF JET FREIGHT LOGISTICS LIMITED ("JFLL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 28/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF Rs. 18/- PER EQUITY SHARE) AGGREGATING Rs. 406.56 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 76,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 13,76,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.64% AND 25.25% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFERTO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 195 OFTHE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE") in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated October 13,2016 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Tuesday, December 06,2016.*
'Subject to receipt of listing and trading approvals f ram the National Stock Exchange of India Limited.
All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 722 applications for 7316000 Equity Shares resulting in 5.04 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (BeforeTechnical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)
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 December 01,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at trie 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.
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 3.796
times. The total number of shares allotted in this category is 688000 Equity
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotmentto the Non Institutional Investors, atthe issue price of Rs. 28/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 6.709 times. The total number of shares allotted in this category is 688000 Equity Shares to 45 successful 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 December 01,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action forthe transfer of the Equity Shares to various successful applicants. The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before December 05, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or priorto December 02,2016. In case the same is not received within four working days, investors may contact Registrar at the address given below. 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 fortrading on NSE Emerge Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated November 14,2016 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrarto 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 atthe 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 SHARE ON LISTING OR THE BUSINESS