|Basis of Allotment|
is only an advertisement for information purposes and not a prospectus announcement. Not
for distribution outside india.)
MANAS PROPERTIES LIMITED
Our Company was incorporated as Manas Properties Private Limited on November 02, 2004 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 149362. The status of our Company was changed to a public limited company by a special resolution passed on December 24, 2016. A fresh Certificate of Incorporation consequent upon conversion of Company to Manas Properties Limited was issued on January 05, 2017 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U70100MH2004PLC149362.
Regd. Office: 10th Floor, Dev Plaza, Opp. Andheri Fire Station,
S.V. Road, Andheri (West), Mumbai - 400058.
PROMOTERS OF THE COMPANY: MR. VIJAY THAKKAR AND DEV LAND & HOUSING PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC OFFER OF 11,10,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF MANAS PROPERTIES LIMITED ("MPL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 360 PER SHARE (THE "OFFER PRICE"), AGGREGATING TO RS 3,996.00 LAKHS ("THE OFFER") CONSISTING OF FRESH ISUE OF 1,50,000 EQUITY SHARES AGGREGATING TO RS 540.00 LAKHS AND AN OFFER FOR SALE OF 9,60,000 EQUITY SHARES BY THE SELLING SHAREHOLDERS AGGREGATING TO RS 3,456.00 LAKHS ("OFFER FOR SALE"),0F WHICH 57,600 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 10,52,400 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.68% AND 25.29%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 AND
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated March 07, 2017. BSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on March 30, 2017*
* Subject to receipt of listing and trading approvals from the BSE Limited.
The Offer is being made through the Fixed Price process, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proporationate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Offer only 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 Net Offer has received 191 applications for 10,89,900 Equity Shares
resulting in 1.04 times subscription. The details of the applications received in the Net
Offer (before and after technical rejections & withdrawal) are as follows:
Note: The Offer also includes 57,600 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under subscription of 4,75,200 Equity Shares in Retail Category & over subscription 4,73,100 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category has been added to the Non - Retail Category. Due to technical rejection, the Offer was short by 2,100 shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 2,100 shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on March 27, 2017.
A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 360 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 57,600 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 360 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 5,26,200 Equity Shares. The category was subscribed by 0.0969 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 360 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 10,01,400 Equity Shares (including un-subscribed portion of 4,75,200 Equity Shares of Retail Individual Investors category). The category was subscribed by 0.9979 times. The category-wise details of the Basis of Allotment are as under:
Due to technical rejection, the Offer was short by 2,100 shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 2,100 shares. The Basis of Allotment was finalised in consultation with BSE. The Board of Directors of the Company at its meeting held on March 27,2017 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 29, 2017 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on March 30, 2017 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 08,2017 ("Prospectus").
INVESTORS MAY PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/Sole Applicant, 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 given below:
Bigshare Services Private Limited
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 OF MANAS PROPERTIES LIMITED.
MANAS PROPERTIES LIMITED is proposing, subject to applicable statutory and
regulatory requirements, receipt of requisite approvals, market conditions and other
considerations, to make a Public Offer of its Equity Shares and has filed the Prospectus
with Registrar of Companies, Mumbai. The Prospectus shall be available on the websites of
the Company, the BSE and the LM at www.manasproperties.co.in,
www.bseindia.com and www.afsl.co.in respectively. Applicants should note that
investment in equity shares involves a high degree of risk and for details relating to the
same, see the Prospectus, including, the section titled "Risk Factors" beginning
on Page No. 10 of the Prospectus.