|Basis of Allotment|
|(This is only an
advertisement for Information purpose. This is not a Prospectus announcement and does not
constitute an invitation or offer to acquire, purchase or subscribe for securities. Not
for publication or distribution, directly or indirectly outside India.)
GAUTAM EXIM LIMITED
Our Company was incorporated as "Gautam Exim Private Limited" at Vapi, Gujarat as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 05, 2005 bearing Corporate Identification Number U51100GJ2005PTC46562 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted in to Public Limited Company pursuant to Shareholders Resolution passed at the Extra-Ordinary General Meeting of our Company held on February 01, 2017 and the name of our Company was changed to "Gautam Exim Limited" pursuant to issuance of fresh Certificate of Incorporation consequent upon conversion of Company from Private to Public Limited dated April 25,2017 issued by the Registrar of Companies, Ahmedabad, Gujarat. The Corporate Identification Number of our Company is U51100GJ2005PLC046562. For details of Incorporation and Registered office of our Company, please refer to chapter titled 'General Information' and 'Our History 'and Certain Other Corporate Matters' beginning on page 56 and 139 respectively of this Prospectus.
Registered Office: C7/57 59 Mirgasir Complex, Opp
Advance Complex N H No-8, GIDC Vapi - 396195, Gujarat, India
PROMOTERS OF OUR COMPANY: BALASUBRAMANIAN RAMAN AND NAGALAXMI BALASUBRAMANIAN
INTIAL PUBLIC ISSUE OF 8,31,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF GAUTAM EXIM LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 40 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 30 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 332.40 LAKHS ("THE ISSUE"), OF WHICH 45,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS.40 PER EQUITY SHARE, AGGREGATING RS. 18.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 7,86,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS.40 PER EQUITY SHARE, AGGREGATING RS. 314.40 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.97% AND 25.51% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 16,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:
(ii) other investors including corporate bodies/institutions irrespective of no. of shares applied for.
c) 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 ottier category, if so
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated June 05, 2017 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
The Issue has received 349 applications for 18,21,000 Equity shares (Before Technical Rejections but after bids not banked) (including Market Maker Application of 45,000 Equity Shares) resulting 2.19 times subscription. After considering, aTechnical Rejection case, the issue was subscribed 2.14 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on July 06,2017
A. Allocation to Market Maker (Alter Technical Rejections): The Basis
of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share, was
finalized in consultation
B. Allocation to Retail Individual Investors (After Technical Rejections): The
Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 40/- per
Equity Share, was
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.22 times. Total number of shares allotted in this category is 3,51,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on July 06, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before July 10, 2017. Further, the instructions to SCSBs is issued on July 07,2017 for unblocking of funds. 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. 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 Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before July 11, 2017 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 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 GAUTAM EXIM LIMITED.