|Basis of Allotment|
(This is only an advertisement for information purposes and not a prospectus announcement)
KEERTI KNOWLEDGE AND SKILLS LIMITED
Our Company was originally incorportion at Mumbai as "Keerti Software & Hardware Infotech private Limited" on 29th April, 1999 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Mumhai. Maharashtra. Subsequently, the name of our Company was changed from Keerti Software & Hardware Infotech Private Limited to Keerti Software & Knowledge and Skills Private Limited vide fresh certificate of incorporation dated 8th February, 2017 issued by the Registrar of Companies, Mumbai. Maharashtra. Subsequently, our Company was converted into a public limited company vide a Fresh Certificate of Incorporation dated 6th March. 2017 was issued by the Registrar of Companies. Mumbai. Maharashtra. For further details of incorporation, change of name and registered office of our Company, please refer to chapter tilted "General Inlormafion' and "Our History and Corporate Structure" beginning on pages 42 and 116 respectively of the Prospectus.
Registered Office: 65/2823. Ashadeep CHS Ltd.. Gandhi
Nagar, Near MIG Cricket Club Bandra (East) Mumbai - 400051, Maharashtra. India
PROMOTER OF OUR COMPANY: MR. SUDHAKAR P SONAWANE
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 7,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES') OF KEERTI KNOWLEDGE AND SKILLS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.52 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 42 PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING RS.405.60 LAKHS ("THE ISSUE"), OF WHICH 40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS.52 PER EQUITY SHARE. AGGREGATING RS. 20.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 7,40,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 52 PER EQUITY SHARE, AGGREGATING RS. 384.80 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE'' THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.02% AND 25.53% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY
In terms of Prospectus dated 8 July, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein 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 anyone of the categories specified in (a)or(b) shalll/ may 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 shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND
The Equity Shares offered through the Prospectus are proposed to be listed on the Emerge platform of National Stock Exchange of India Limited ("NSE") in terms of the chapter XB of the SEBI (ICDR) Regulations. 2009 as amended from time to time. Company has received In-Principle approval letter dated 8th May, 2017 from NSE for using its Name in the offer document for listing of our Shares on the EMERGE platform of NSE. The designated stock exchange is National Stock Exchange of India Limited ("NSE').
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 442 applications for 14,14,000 Equity Shares (including Market
Maker Application of 40,000 Equity Shares) resulting 1.813 times subscription Three (3)
applications of aggregating 72,000 Equity Shares were not banked and One (1) application
of 2,000 Equity Shares were bid duplicate and hence 438 applications for 13,40,000 Equity
Shares (Including Market Maker Application of 40,000 Equity Shares) resulting 1.718 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 - National Stock Exchange of India Limited ("NSE") on 2nd August 2017,
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 52/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 40,000 Equity shares in full out of reserved portion of 40,000 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. 52/- per Equity Share, was finalized In consultation with NSE. The category was subscribed by 1.740 times. Total number of shares allotted in this category is 4,62,000 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. 52/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.733 times. Total number of shares allotted in this category is 2,78,000 Equity Shares. The category wise basis of allotment is as under:
The board of Directors of the Company at its meeting held on 2" August. 2017 has
taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz NSE and has authorized ttie corporate action for the transfer of the Equity
shates / dispatch of share certificates to various successful applicants.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrarto the Issue. Link Intime India Private 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:
LINKINTIME INDIA PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQDTTY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF KEERTI KNOWLEDGE AND SKILLS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus.