|Basis of Allotment|
|(This is only an
advertisement for information purposes and not a prospectus announcement)
PURE GIFTCARAT LIMITED
Our Company was incorporated on April 26, 2011 as L'avance Diarays Limited under the provisions of the Companies Act, 1956 with Certificate of Incorporation issued by the Registrar of Companies. Gujarat, Dadra and Nagar Havelli with Corporate Identity Number U36910GJ2011PLC065141. Further name of our Company has been changed from L'avance Dirays Limited to Pure Giftcarat Limited on September 16,2015 with certificate issued by the Registrar of Companies, Ahmedabad. For details of changes in name and registered office of our Company, please refer to the section titled "History and Certain Corporate matters" beginning on page 89 of the Prospectus.
Registered Office: Plot-828/829. 3rd Floor, Office-3,
Shree Kuberji Complex, Athugar Street, Nanpura Main Road. Surat-395001, Gujarat, India
Company Secretary & Compliance Officer: Mr. Ankitkumar Tank
PROMOTER OF OUR COMPANY: MRS. VARSHABEN KORADIYA
PUBLIC ISSUE OF 57,30.000 EQUITY SHARES OF A FACE VALUE OF RS. 10 - EACH (THE 'EQUITY SHARES") OF PURE GIFTCARAT LIMITED ("PGL" OR THE COMPANY ") FOR CASH AT A PRICE OF RS. 13/- PER SHARE (THE "ISSUE PRICE'). AGGREGATING TO RS. 744.90 LAKH ("THE ISSUE"), OF WHICH. 2,90,000 EQUITY SHARES OF RS. 10 - EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I E. ISSUE OF 54, 40,000 EQUITY SHARES OF RS 13/- EACH IS HEREINAFTER REFERRED TO AS THE NET ISSUE" AGGREGATING UP TO RS. 707 20 LAKHS (THE "ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.17%. RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 17th April. 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherem a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) Individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required Explanation for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009. if the retail individual investor is entitled to more than fifty percent on proportionate basis, the retail individual investors shal be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS 13/- EACH. THE ISSUE PRICE IS 1.30 TIMES OF THE FACE VALUE ISSUE OPENED ON 26 TH APRIL, 2017 AND CLOSED ON 28TH APRIL, 2017
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 13th Apnl, 2017 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
All Applicants are mandatorily to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs")
The Issue has received 474 applications for 83,50,000 Equity Shares (Including Market
Maker Application of 2,90,000 Equity Shares) resulting 1.457 times subscription. Three (3)
applications of 30,000 Equity Shares was not banked and Four (4) Applications of 40,000
Equity Shares were banked but bid not registered, hence total 475 applications were banked
for 83,60,000 Equity Shares (Including Market Maker Application of 2,90,000 Equity Shares)
resulting 1.459 times subscription was considered. The details of the applications
received in the Issue (before technical rejections) are as follows.
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Details of the Valid Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 4th May, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis ot Allotment to the Market Maker, at the Issue price of Rs 13/- per Equity Share, was finalised in consultation with BSE. The category was subscnbed by 1.000 time The tolal number ot shares allotted in this category is 2,90,000 Equity shares in full out of reserved portion of 2,90,000 Equity Shares
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 13/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.324 times. Total number of shares allotted in this category is 27,20,000 Equity Shares. The category wise basis of allotment is as under
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 13/- per Equity Share, was finalized in consultation with BSE The category was subscnbed by 1.529 times. Total number of shares allotted In this category is 27,20,000 Equity Shares. The category wise basis of allotment is as under.
The Board of Directors of the Company at its meeting held on 4th May, 2017 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 applicants, The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 8th May, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 8th May, 2017. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 9th May, 2017 subject to receipt of listing and trading approvals from BSE Limited
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, Bigshare Services Pnvate Limited at 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 ASBA Bank details at the address of the Registrar given below:
BIGSHARE SERVICES 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 PURE GIFTCARAT LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.