|Basis of Allotment|
|This is a public
announcement for information purposes only and is not a prospectus announcement.This does
not constitute invitation or offer to acquire, purchase or subscribe for securities. Not
for publication or distribution, directly or indirectly outside India.
PSP PROJECTS LIMITED
Our Company was incorporated as PSP Projects Private Limited on August 26. 2008, as a private limited company under the Companies Act, 1956, with the Registrar of Companies. Gujarat at Ahmedabad (the "RoC"). Our Company was converted into a public limited company pursuant to a special resolution of the Shareholders dated June 30,2015 and consequently, the name of our Company was changed to PSP Projects Limited and a fresh certificate of incorporation was issued by the RoC on July 10,2015. For further details of change in the name and registered office of our Company, please see the section entited 'History and Certain Corporate Matters' on page 155 of the Prospectus dated May 22,2017 (the "Prospectus").
Registered and Corporats Office: PSP House. Opposite
Celesta Courtyard. Opposite lane of Vikram Nagar Colony. Isoon-Ambli Road. Ahmedabad
- 380 054. Gujarat. Contact Person: Minakshi Tak, Company Secretary and
Compliance Officer', Tel: +91 79 26936200/300/400; Fax:
+91 79 26936500.
OUR PROMOTERS: PRAHALADBHAI SHIVRAMBHAI PATEL AND SHILPABEN PATEL.
BASIS OF ALLOTMENT
The Equity Shares are proposed to be listed on the BSE Limited
("BSE") and the National Stock Exchange of India Limited ("NSE") and
the trading will commence on May 29,2017.
THE ISSUE PRICE :RS 210 PER EQUITY SHARE OF FACE VALUE OF RS10
Risks to Invasions:
i.The two Book Running Lead Managers associated with the Issue have handled 7 public
issues in In the past 3 years-, out of which 2issues dosed below the Issue price on
This Issue is being made in terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules. 1957. as amended ("SCRR") and Regulation 26 (2) of the SEBI ICDR Regulations, wherein at least 75% of the Issue was allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") ("QIB Category"), out of which our Company and the Selling Shareholders, in consultation, with the BRLMs. have allocated up to 60% of the QIB Category to Anchor investors on a discralionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further. 5% of the QIB Category (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the QIB Category was available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Muluel Fund. subject to valid Bids being received at or above the issue Price. Further, not more than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Investors and not more than 10% of the Issue was available for allocalion to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being receivied at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process proving deiails of their respective ASBA accounts In which the corresponding Bid Amounts will be blocked by the SCSBs. Anchor Investors were not permitted to participate in the Issue through the ASBA process For details see section tited "Issue Procedure" on page 392.
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being BSE on May 24,2017.
The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at or above the Issue Price of Rs 210 per Equity Share was finalized in consultation with BSE The category has been subscribed to the extent of 6.049097 times, The total number of Equity Shares Allotted in this category is 1,008,000 Equity Shanes to 14,400 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non Institutional Investors (Aftar Technical Rejections) (Including ASBA Applications).
The Basis of Allotment to the Non-Institutional Investors, who have Bid at or above the Issue Price of Rs 210 per Equity Share.was finalized in consultation with the BSE. This category has been subscribed to the extent of 9.385602 times The total number of Equity Shares Allotted in this category is 1,512.000 Equity Shares to 95 successful applicants.
The category-wise details of the Basis of Allotment are as under: (Sample)
C. Allotment to QIBs excluding Anchor InvestorsThe Basis of Allotment to QIBs who have Bid at or above the Issue Price of Rs 210 per Equity Share has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 8.3762 times. As per the SEBI ICDR Regulaiions. Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion available i.e. 151.200 Equity Shares and other QIBs. including Mutual Funds, were Allocated the remaining available 2.872.800 on proportionate basis. The total number of Equity Shares allotted in the QIB category is 3.024.000 Equity Shares, which were allotted to 42 successful Applicant. The category-wise details of the Basis of Allotment are as under:
D. Allotment to Anchor Investors
The Company at it's board meeting held on May 25.2017, has taken on record the Basis of Allotment of the Equity Share approved by the Designated Stock Exchange, being BSE and Allotted the Equity Shares to various successful Applicants,
The Allotment Advice-cum-Refund Orders and,/ or notices will be dispatched on or before May 26, 2017 to the address of the investor as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks have been dispatched/ mailed on May 25,20l7 and payment to non-Syndicate brokers will be issued on May 26,2017.In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been overprinted with the Bank Account datals as registered, if any. with the depositories. The Equity Shares Allotted to the successful Applicants have been credited on May 25,2017 to their beneficiary accounts subject to validation of the account details with the depositories concemed. Our Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE and the NSE within six Working Days from the Bid/ Issue Closing Date.
Note; All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
INVESTORES PLEASE NOTE
Karvy Computershare Private Limited
Karvy Selenium Tower B. Plot 31-32, Gachibowli Financial District, Nanakramguda. Hyderabad 500 032
Tel: +91 40 6716 2222. Fax: +91 40 2343 1551: E-mail: firstname.lastname@example.org
Investor grievance e-mail: email@example.com; Website: www.karishma.karvy.com
Contact person: M Murali Krishna; SEBI Registration No.: INR000000221
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 PSP PROJECTS LIMITED.