|Basis of Allotment|
(This Is only an advertisement for information purposes and not a Prospectus announcement Not for distribution outside India)
ESCORP ASSET MANAGEMENT LIMITED
Our Company was incorporated as Escorp Financial Services Private Limited on February 13. 2011 under the Companies Ad. 1956 with the Registrar of Companies, Mumbai bearing Registration No. 213451. The name of the Company was changed to Escorp Industries Private Limited vide Special Resolution dated July 02.2013 and the name change certificate was issued on July 23.2013 Again, the name of the Company was changed to Escorp Asset Management Private Limited wide Special Resolution date August 03,2016 and the certificate for the same was issued on August 16.2016. The status of the Company was changed to public limited and the name of our Company was changed to Escorp Asset Management Limited vide Special Resolution dated September 28. 2016 The fresh certificate of incorporation consequent to conversion was issued on October 14. 2016 by the Registrar of Companies, Mumbai. TheCompany's Corporate Identy Number is U17121MH2011PLC213451.
Registered Office: 60. Khatau Building. Ground Floor,
Alkesh Dinesh Modi Marg. Fort. Mumbai - 400 001
PROMOTERS OF THE COMPANY: ARYAMAN FINANCIAL SERVICES LIMITED, MR. SHRIPAL SHAH AND MR. SHREYAS SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 21.60.000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF ESCORP ASSET MANGEMENT LIMITED ( "EAML" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 15 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 324.00 LAKHS ("THE ISSUE"), OF WHICH 1.12.000 EQUITY SHARES OF RS 10 EACH 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 UPTO 20.48.000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.38% AND 30.70%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE
ISSUE PRICE IS 1.5 TIMES OF THE FACE VALUE.
The Equity Shares issued through the Prospectus are proposed to be listed on the SME Platform of BSE. Our Company has received an approval letter dated March 20.2017 from BSE for using its name in the Issue Document and for listing of our shares on the SME Platform of BSE For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ("BSE"). BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on April 17,2017*
*Subject to receipt of listing and trading approvals from the BSE Limited.
The Issue is being made through the Fixed Price process, the allocation In the Net Issue 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 Issue of shares to the Public shall initially be made available for allotment to Retail individual investors The balance of Net Issue 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 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 ot 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 shal participate In the Issue 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 Issue has received 295 applications for 40.64.000 Equity Shares resulting In
1.98 times subscription. The details of the applications received In the Net Issue (before
and after technical rejections & withdrawal) are as follows:
Note: The Issue also Includes 1,12.000 Equity Shares
reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical
Rejection & any withdrawal.
A) Allocation to Market Maker (After Technical Refections & Withdrawals): The Basis of Allotment to the Market Maker, at the issue Price of Rs 15/- per Equity Share, was finalised consultation with BSE The category was subsecribed dy 1.00 times. The total number of shares allotted in this category is 1,12.000 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 Issue Price of Rs15/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICUR) Regulations. 2009. the total number of shares allocated in this category is 11.12.000 Equity Shares. The category was subscribed by 1.949 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 Issue Price of Rs 15/-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 9.36.000 Equrty Shares. The category was subscribed by 1.966 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on April 11.2017 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 April 13,2017 for unblocking of funds.
The Equity Shares allotted to successful applicants are being credited to their benehciary
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 Issue at the address given below. The Company is taking steps to get the Equrty
Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from
the Closure of the Issue. The trading is proposed to be commenced on April 17,
2017 subject to receipt of listing and trading approvals from BSE.
The details of the allotment made has been hosted on the website of the Registrar to the Issue. Big share Services Private Limited at Website: 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 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 ESCORP ASSET MANAGEMENT LIMITED.ESCORP ASSET MANAGEMENT LIMITED.