|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
LIBAS DESIGNS LIMITED
Our Company was incorporated as "Libas Designs Private Limited' under the provisions of the Companies Act, 1956 vide certificate of incorporation dated November 10, 2004 issued by Registrar of Companies, Mumbai, Maharashtra bearing registration No.149489. Further our Company was converted into a Public Limited Company and fresh Certificate of Incorporation consequent to conversion was issued on September 20,2016 by the Registrar of Companies, Mumbai, Maharashtra and consequently the name of our Company was changed to "Libas Designs Limited". The Corporate Identification Number of Our Company is U18101MH2004PLC149489. For further details please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 131 of this Prospectus.
Registered Office: Gala No. 55, Apaki Industrial Premises
Co-operative Society Limited, Plot No. 246, Masrani Lane, Kurla (W),
PROMOTER OF THE COMPANY: MRS. RESHMA RIYAZ GANJI, MR. RIYAZ EQBAL GANJI AND MR. NISHANT MITRASEN MAHIMTURA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF LIBAS DESIGNS LIMITED ("LIBAS DESIGNS" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 68/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF Rs. 58/- PER EQUITY SHARE) AGGREGATING Rs. 1,360.00 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 1,04,000 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 18,96,000 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 26.67% AND 25.28% 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 REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 216 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE
PRICE IS RS. 68/-
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 28,2016 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 Monday, January 09, 2017.*
*Subject to receipt of listing and trading approvals from 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 1485 applications for 4406000 Equity Shares resulting in 2.20 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 (Before Technical 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 January 04,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 68/- 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 1,04,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, atthe issue price of Rs. 68/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.94 times. The total number of shares allotted in this category is 12,48,000 Equity Shares to 624 successful applicants.
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 Allotment to the Non Institutional Investors, at the issue price of Rs. 68/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.53 times. The total number of shares allotted in this category is 648000 Equity Shares to 65 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 January 04,2017 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 for the 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 January 09,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to January 05, 2017. In case the same is not received within four working days, investors may contact Registrar atthe 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 for trading 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 December 19,2016 ("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 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 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 PROSPECTS OFTHE LIBAS DESIGNS LIMITED.