|Basis of Allotment|
|THIS ISA PUBLIC
ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. 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NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA. NOT FOR RELEASE
IN THE UNITED STATES.
GTPL HATHWAY LIMITED
Our Company was incorporated on August 21, 2006 at Ahmedabad as 'Gujarat Tele Link Private Limited', as a private imited company under the Companies Act, 1956. Pursuant to a resolution of our Board of Directors dated April 12,2013 and a resolution of our shareholders dated April 12,2013, the name of our Company was changed to 'GTPL Hathway Private Lmited' and a fresh certificate of incorporation consequent upon change of name was granted by the RoC on May 6, 2013. Our Company was converted into a public limited company pursuant to approval of the board at a board meeting hald on Augusl 23, 2016 and shareholders at an extraordinary general rneeling held on August 26, 2016. Consequently, the name of our Company was changed to 'GTPL Hathway Lmited' and a fresh certificate of incorporation consequent upon conversion to a public limited company was granted to our Common by the Roc on September 28,2016. For details of changes in the name and registered office of our Company see "History and Certain Corporate Matters" on page 186 of the Prospectus dated June 27, 2017 ("Prospectus').
Registered Office: 202, Sahajangnd Shopping Center,
Opposite Swaminarayan Mandir, Shahibaug, Ahmedabad 380004 Gujarat, India; Tel;
+9179 3028 0340/41; Fax; +91 79 2562 6477
OUR PROMOTERES: MR. ANIRUDDHASINHAJI JADEJA, MR. KANAKSINH RANA, GUJARAT DIGI COM PRIVATE LIMITED AND HATHWAY CABLE AND DATACOM LIMITED
Our Company has filed the Prospectus with the Registrar of Companies, Ahmedabad and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and the trading will commence on or about July 4, 2017.
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 28,517,650 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF GTPL HATHWAY LIMITED (OUR "COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 170 PER EQUITY SHARE ("OFFER PRICE") AGGREGATING TO RS 4,848 MILLION ("OFFER") COMPRISING A FRESH ISSUE OF 14,117,650 EQUITY SHARES AT APRICE OF RS 170 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 160 PER EQUITY SHARE AGGREGATING TO RS 2,400 MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF 14,400,000 EQUITY SHARES AT A PRICE OF RS 170 PER EQUITY SHARE COMPRISING OF 1,136.000 EQUITY SHARES BY MR. ANIRUDDHASINHJI JADEJA, OUR PROMOTER, 440,000 EQUITY SHARES BY MR. KANAKSINH RANA, OUR PROMOTER. 5,480,000 EQUITY SHARES BY GUJARAT DIGI COM PRIVATE LIMITED, OUR PROMOTER. 7,200,000 EQUITY SHARES BY HATHWAY CABLE AND DATACOM LIMITED, OUR PROMOTER AND 144,000 EQUITY SHARES BY MR.AMIT SHAH, A SELLING SHAREHOLDER (COLLECTIVELY THE "SELLING SHAREHOLDERS") AGGREGATING TO RS 2,448 MILLION ("OFFER FOR SALE"). THE OFFER CONSTITUTES 25.36% OF OUR POST OFFER PAID-UP EQUITY SHARE.CAPITAL OF OUR COMPANY.
OFFER PRICE: RS 170 PER EQUITY SHARE OF FACE VALUE OF RS 10
Risks to Investors
i. The 4 Merchant Bankers associated with the Offer have handled 16
public issues in the past three years out of which 4 issues closed below the issue price
on listing date*
*Financial Years 2016-17, 2015-16 and 2014-15 have been considered as past 3 years.
# Based on financial statement prepared under Indian GAAP. For the other companies to the peer group, price to earning is Not Applicable as they have negative EPS for Fiscal 2016
OFFER PERIOD: OPENED ON: WEDNESDAY, JUNE 21, 2017
In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"). ihis was an Offer for at least such percentage of the post-Offer paid-up Equity Share capital of our Company which was equivalent to Rs.4,000,00 million calculated at the Offer Price and the post-Offer capilal of our Company calculated at the Offer Price is more than Rs.16,000 million but less than or equal to Rs.40,000 million. The Offer was made through the Book Building Process in compliance with regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI ICDR Regulations"), wherein not more than 50% of the Offer was available for allocation on a proportionate basis to qualified institutional buyers ("QIBs"). Our Company and the Selling Shareholders, in consultation with the BRLMs, have allocated 60% of the QIB Portion to Anchor investors ("Anchor Investor Portion") on a discretionary basis, out of which at least one-third was available for allocation to Mutual Funds only subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Such number of Equity Shares representing 5% of the Net QIB Portion (defined herein below) was available for allocation on a proportionate basis to Mutual Funds only, and the remaining Net QIB Portion was available for allocaljon on a proportionate basis to all QIBs, including Mutual Funds subject to valid Bids being revived at or above Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non Institutional Investors and not less than 35% of the Offer was available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids received from them at or above Ihe Offer Price. All investors (except Anchor Investors) were required to mandatorily participate in the Offer only through the Application Supported by Bocked Amount ("ASBA") process, and were required to details of their respective bank account in which the Bid amount was blocked by the Self Certified Syndicate Banks ("SCSBs"), For further details, see "Offer Procedure" on page 305 of the Prosperous.
The Offer received 76,703 applications for 38,649,072 Equity Shares (prior to technical rejections) resulting in 1.3553 times subscription. The details of the applications received in the Offer from various categories are as under: (before technical rejections):
# at the upper end of the Price Band
The Basis of Allotment was finalized in consultation with NSE on June 29, 2017.
A. Allotment to Retail Individual Investors (after technical rejections)
B. Allotment to Non-Institutional Investors (After Technical Rejections)
C. Allotment to QIBs excluding Anchor Investors
D. Allotment to Anchor lnvestors
The Offer Committee of our Company on June 30, 2017 has taken on record the Basis of Allotment approved by NSE and has allotted the Equily Shares to various successful Bidders. The allotment advice cum refund intimations and/ or notices will be dispatched to the addresses of the investors, as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks for unblocking of funds and transtor to Public Offer Account have been issued on June 30,2017 and payment to non-Syndicate brokers have been issued on July 3,2017. In case the same is not received within six Working Days, Bidders may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploadede on June 30, 2017 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on June 30,2017 and the trading will commence on July 4, 2017.
All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.
INVESTORS PLEASE NOTE
The details of the allotment made have been hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in
All future correspondence in this regard may/ kindly be addressed to the Registrar to the Offer quoting full name of the first/sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equily Shares applied for, the name and address of the Designated intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:
Link intime India 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 BUSI NESS PROSPECTS OF GTPL HATHWAY LIMITED