|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
SERVOTECH POWER SYSTEMS LIMITED
Our Company was incorporated as Servotech Power Systems Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated September 24, 2004. Subsequently, our Company was converted into public limited company and the name of our Company was changed to "Servotech Power Systems Limited" pursuant to shareholder's resolution dated April 29, 2017 and vide fresh certificate of incorporation dated May 24, 2017. The Corporate Identification Number of our Company is U31200DL2004PLC129379. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 130 of the Prospectus.
Registered Office: 806,8th Floor, Crown Heights, Hotel Crown
Plaza, Sector 10, Rohini, New Delhi-110085. | Telephone: +91 11 41117657-60
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 48,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF SERVOTECH POWER SYSTEMS LIMITED ("SERVOTECH" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 31 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 21 PER EQUITY SHARE AGGREGATING RS 1512.80 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 3,00,000 EQUITY SHARES OF RS 10 FULLY PAID UP EACH 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 45,80,000 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.65% AND 25.01% 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 224 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 July 18, 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 Thursday, August 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 709 applications for 69,44,000 Equity Shares resulting in 1.42
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:
* 2,000 Equity Shares has been added to Retail Investors Category from Non-Retail Investors Category for rounding off.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on August 21,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 31 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 3,00,000 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 31 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.13 times. The total number of shares allotted in this category is 22,92,000 Equity Shares to 646 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
*After adding 2,000 Equity Shares from Non-Retail Investors Category for rounding off.
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 31 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.74 times. The total number of shares allotted in this category is 22,88,000 Equity Shares to 40 successful applicants. The Category-wise details of the Basis of Allotment are as under:
*After reducing 2,000 Equity Shares towards Retail Investors Category for rounding off.
The Board of Directors of the Company at its meeting held on August 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 August 24, 2017. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount are being processed on or prior to August 22, 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.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated July 28, 2017 ("Prospectus").
INVESTOR 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 SERVOTECH POWER SYSTEMS LIMITED.