|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus- announcement)
VEERAM ORNAMENTS LIMITED
Our company was originally incorporated as 'veerarn TV Network Private Limited' under the provisions of the Companies Art, 1956 vide certificate of Incorporation dated April 15. 2011 bearing Registration No. 064964. Our Company was renamed as Veerarn Spiritual Energies Private Limited and fresh certificate of incorporation consequent up on change of name was issued by the RoC on February 26,2014. Subsequently the name of our Company was changed from Veerarn Spritual Energies Private Limited to Veerarn Ornaments Private Limited and firesh certificate of incorporation consequent upon change of name was issued by the RoC on June 10. 2016. Our Company was converted into a public limited company pursuant to a special resolution passed by our shareholders at the EGM held on June 24, 2016 and the name of our Company was changes to Veerarn Ornaments Ltd. A fresh certificate of incorporation was Issued by the RoC on July 26.2016. For details of incorporation, please refer to chapter titled "History and Certain Corporate Matters" beginning on page no. 114 of the Prospectus
Registered Office: Shop No.2, Naroda Pride. Nr.
Padmavati Society. Naroda - Nikol Road. Ahmedabad - 382350. Gujarat. | Tel:
OUR PROMOTERS: MR. RAKSHIT MAHENDRA SHAH AND MRS. PINAL RAKSHIT SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF UPTO 11,37,000 EQUITY SHARES OF 10 EACH ("EQUITY
SHARES") OF VEERAM ORNAMENTS LIMITED (VOL" OR THE "COMPANY" OR THE
ISSUER") FOR CASH AT A PRICE OF 45 PER SHARE (INCLUDING SHARE PREMIUM OF 35 00 PER
EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO 511.65 LAKHS (THE 1SSUE")
OF WHICH UPTO 57,000 EQUITY SHARES OF FACE VALUE OF 10 EACH FOR A CASH PRICE OF 45.00 PER
EQUITY SHARE. AGGREGATING TO 25 65 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET
MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION) THE ISSUE LESS MARKET
MAKER RESERVATION PORTION I.E. ISSUE OF OPTO 10,80,000 EQUITY SHARES OF FACE VALUE OF 10
EACH AT ISSUE PRICE OF 45.00 PER EQUITY SHARE AGGREGATING TO 486.00 LAKHS (IS HEREINAFTER
REFERRED TO AS THE "NET ISSUE THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.38% AND
25.06%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY, FOR
FURTHER DETAILS, PLEASE REFER TO SECTION TIRED TERMS OF THE ISSUE" BEGINNING ON PAGE
201 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARE IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 45.00. THE ISSUE PRICE IS 4.50 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FRIDAY, DECEMBER 23, 2016 AND
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited ("BSE") in terms of the chapter XB of the SEBI (ICDR)
Regulations, 2009 as amended from time to time. Company has received an approval letter
dated December 9.2016 from BSE for using its name In the offer document for listing of our
Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. The
trading is proposed to be commenced on or about January 05, 2017
The Issue has received 126 applications for 1,254. 000 Equity Shares resulting in
1.1029 times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) are as follows;
The details of applications rejected by the Registrar en technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
* After Spill-over of 294,000 shares from Retail Individual Investors to Other than Retail Individual Investore
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - BSE Limited January 02, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker at the issue price of Rs 45 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 57,000 Equity shares .
B. Allocation lo Retail individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.4556 times. Total number of shares allotted in this category is 246,000 Equity Shares to 82 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 & Withdrawal): The Basis of Allotment to other than Retail Individual investors, at the issue price of Rs 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.0719 times. Total number of shares allotted in this Category is 834,000 Equity Shales to 39 Successful applicants. The category wise basis of allotment is as under:
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
02,2017, 2016 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE and has authorized the corporate action for the
transfer of the Equity Shares / dispatch of share certificates to various successful
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 13, 2015 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue Karvy Computershare Private Limited at www.karisma.karvy.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 at the address of the Registrar given below:
KARVY COMPUTERSHARE 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 VEERAM ORNAMENTS LIMITED.