|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement. Not
for distribution outside India)
PULZ ELECTRONICS LIMITED
Corporate Identification Number: U32109WB2005PLC104357
Our Company was incorporated as Pulz Electronics Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated July 25, 2005 in Kolkata, West Bengal. Subsequently, our Company was converted into public limited company pursuant to which the name of our Company was changed to "Pulz Electronics Limited" vide shareholder's approval on March 03, 2017 and fresh certificate of incorporation was issued on March 22, 2017.The Corporate Identification Number of Our Company is U32109WB2005PLC104357.For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 127 of the Prospectus.
Registered Office: 46 Satish Mukherjee Road, Kolkata- 700026,
West Bengal, India.
PROMOTERS OF OUR COMPANY: MR. ANIRVAN PARTHA GHOSE AND MR. RAMAKRISHNAN KRISHNARAJU MANDEN KATTIL
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 7,26,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF PULZ ELECTRONICS LIMITED ("PULZ" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 54 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 44 PER EQUITY SHARE AGGREGATING RS 392.04 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 38,000 EQUITY SHARES OF FACE VALUE RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 6,88,000 EQUITY SHARES OF FACE VALUE RS 10 EACH FULLY PAID UP IS HEREINA FTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.63% AND 25.24% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 271 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated April 26, 2017 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Friday, November 24,2017.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants participated in the Issue 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 Issue has received 3628 applications for 10554000 Equity Shares resulting in 14.54
times subscription (including reserved portion of Market Maker). 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 are detailed below: (Technical rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
* As per regulation 43(4) of SEBI (ICDR) retail individual investor category is
entitled to more than fifty percent on proportionate basis, the retail individual
investors shall be allocated that higher percentage
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 54 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 38,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 54 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 15.07 times. The total number of shares allotted in this category is 462000 Equity Shares to 231 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 54 per Equity Share, was finalized in consultation with NSE. The category was subscribed 15.06 times. The total number of shares allotted in this category is 226000 Equity Shares to 46 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on November 21,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. National Stock Exchange of India Limited and has authorized the corporate
action for the transfer of the Equity Shares to various successful applicants. The CAN and
allotment advice and/or notices will be dispatched to the address of the Applicants as
registered with the depositories on or before November 23, 2017. Further, the instructions
to Self Certified Syndicate Banks for unblocking the amount are being processed on or
prior to November 23, 2017. In case the same is not received within four working days,
investors may contact Registrar 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 NSE Emerge Platform within six
working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at 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 applicants, 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 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 SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE PULZ ELECTRONICS LIMITED.