|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
SHANTI OVERSEAS (INDIA) LIMITED
Our Company was originally formed as a partnership firm under the Partnership Act in the name of "M/s Shanti Overseas", pursuant to a deed of partenership dated November 15, 2004. "M/s Shanti Overseas" was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act, 1956 with the name of "Shanti Overseas (India) Private Limited" and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on April 18, 2011 bearing Corporate Identification No. U51211MP2011PTC025807. Subsequently our Company was converted into a public limited company pursuant to special resolution dated January 10, 2017 and fresh Certificate of Incorporation dated January 20, 2017 issued by the Registrar of Companies, Gwalior and the name of our Company was changed to "Shanti Overseas (India) Limited". With Corporate Identification Number U51211MP2011PLC025807. For further details, please refer Chapter titled "History and Certain Corporate Matters" beginning on page 119 of the Prospectus.
Registered Office: 215-216, Vikram Tower, 1st Floor, Indore,
Madhya Pradesh, India- 452001. Tel No: +91-731-4020596/ 4020586
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 20,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH
("EQUITY SHARES") OF SHANTI OVERSEAS (INDIA) LIMITED ("COMPANY" OR
"ISSUER") FOR CASH AT A PRICE OF RS 50 PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS 40 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 1002.00
LAKHS ("ISSUE") OF WHICH 1,38,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH
FOR A CASH PRICE OF RS 50 PER EQUITY SHARE, AGGREGATING TO RS 69.00 LAKHS WILL BE RESERVED
FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE
LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,66,000 EQUITY SHARES OF FACE
VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 50 PER EQUITY SHARE AGGREGATING TO 933.00
LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET
ISSUE WILL CONSTITUTE 27.07% AND 25.20%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY
SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS
OF THE ISSUE" BEGINNING ON PAGE 265 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE
IS RS 50.00. THE ISSUE PRICE IS 5.00 TIMES OF THE FACE VALUE.
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("NSE EMERGE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Issue. However, our company has received an approval letter dated July 07, 2017 from NSE for using its name in offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE EMERGE"). The trading is proposed to be commenced on or about August 03, 2017*
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed 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 6380 applications for 2,86,86,000 Equity Shares resulting in 14.31 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
ALLOCATION: The Basis of Allotmentwas finalized in consultation with the
Designated Stock Exchange-National Stock Exchange of India Limited on July31,2017.
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 50 per Equity Share, was finalized in consultation with National Stock
Exchange of India Limited. The category was subscribed by 15.1901 times i.e. for
1,84,56,000 Equity Shares, the total numberof shares allotted in this category is
12,15,000 Equity Shares to 405 successful applicants.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of 750 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited.The category was subscribed by 15.1889 timesi.e. for 98,88,000 shares the total numberof shares allotted in this category is 651,000 Equity Shares to 73 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 August 01, 2017 has approved the Basis of Allocation of Equity Shares as 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-cum-Refund advices and allotment advice and/or notices will be dispatched to
the address of the Applicants as registered with the depositories / as filled in the
application form on or before August 02, 2017. Further, the instructions to Self Certified
Syndicate Banks for unblocking the amount will processed on or prior toAugust 01, 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 National Stock Exchange of India Limited (NSE EMERGE) within six working
days from the date of the closure of the offer.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, Link Intime India Private Limited at www.linkintime.co.in. All future correspondence in this regard may ki ndly 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:
LINK INTIME INDIA 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 SHANTI OVERSEAS (INDIA) LIMITED,