| (THIS
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT.)
PENTA GOLD LIMITED
Corporate Identification Number U51109GJ2012PLCa69352
Our Company was incorporated as 'Penta Gold Private Limited' a private limited company
under the Companies Act. 1956 pursuant to Certificate of Incorporation dated March 12,
2012 issued by the Registrar of Companies. Gujarat Dadra & Nagar Haveli. Subsequently,
our Company was converted into a public limited company and the name of our Company was
changed to "Penta Gold Limited' pursuant to a Certificate of Incorporation dated
March 22.2017 issued by the Registrar of Companies, Ahmedabad. For further details of our
Company, please refer 'General Information" and "History and Certain Other
Corporate Matters' on pages 35 and 72, respectively of the Prospectus.
Registered Office: 2224, Manek Chowk, Opp. Old Share
Bazar, Ahmedabad - 380 001, Gujarat India.| Tel.: +91 79 22153555
Corporate Office: 30. tst Floor. Champa. Gully. Zaveri Bazar. Mumbai -
400 002. Maharashtra. India | Tel.: +91 22 2240 2255
Email: info@pentagold.in | Website:
www.pentagold.in | Company Secretory
and Compliance Officer: Savita R. Navik
PROMOTER OF THE COMPANY: KETAN M. SHROFF
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 36,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF PENTA
GOLD LIMITED ("OUR COMPANY' OR THE ISSUER") FOR CASH AT A PRICE OF RS
37.00 PER EQUITV SHARE (INCLUDING A SHARE PREMIUM OF RS 27.00 PER EQUITY SHARE) (ISSUE
PRICE) AGGREGATING TO RS 1.332.00 LAKHS ("THE ISSUET OF THE ISSUE. 1.80.000 EQUITY
SHARES AGGHEGATIHG TO RS 66.60 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 34.20.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH
AT AN ISSUE PRICE OF RS 37.00 PER EQUITY SHARE AGGREGATING TO RS 1.265.40 LAKHS IS
HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 28.29% AND 26.88%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHAHE CAPITAL
OF OUR COMPANY.
THIS BEING A FIXED PRICE. AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR)
REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET ISSUE OF
34,20,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL
INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER
INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES
APPLIED FOR. IFTHE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON
PROFORATlONATE BASIS. THEY SHALL BE ALLOTTED THAT HIGHEH PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE
PRICE OF RS 37 IS 3.7 TIMES OF THE FACE VALUE
ISSUE OPENED ON MARCH 23, 2018 AND CLOSED ON MARCH 27, 2018
PROPOSED LISTING: WEDNESDAY, APRIL 25, 2018
The Equity Shares offered through this Prospectus are proposed to be listed on the NSE
Emerge Platform. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as
amended from time to time, we are not required to obtain an in-principal listing approval
for the shares being offered in this Issue. However, our Company has received an approval
letter dated November 13, 2017 from NSE for using its name in this Prospectus for listing
of our Equity Shares on the NSE Emerge Platform. For the purpose of this Issue, National
Stock Exchange of India Limited (NSE} shall be the Designated Stock Exchange. The trading
is proposed to be commenced with effect from WEDNESDAY, APRIL 25, 2018*
*Subject to receipt of listing and trading approvals from the NSE.
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").
SUBSCRIPTION DETAILS
The Issue has received 105 applications for 20.01.000 Equity Shares resulting in 0.56
times subscription (including reserved portion of Market Maker). Since this Issue was
fully underwritten, and requisite notice was sent to Underwriters i.e. Inventure Merchant
Banker Services Private Limited and GCM Securities Limited. In terms of the SAT Order
dated April 17, 2018. Inventure Merchant Banker Services Private Limited have agreed to
fulfil their underwriting obligation of 15% of the Issue Size on their own account and
have accordingly transferred Rs. 1,99,80,000 into the Public Issue Account opened for the
IPO with ICICI Bank Limited. As per the SAT Order, for the balance portion the Shares
subscribed by the 8 investors have been considered. Hence Underwriters have arranged for
subscription for the shortfall of Equity Shares and accordingly Issue was oversubscribed.
The details of the applications received in the Issue (before Technical rejections) are as
follows:
Detail of the Applications Received (Before Technical Rejection)
| Category |
No. of Applications |
% |
No. of Equity Shares |
% |
Subscription (Times) |
| Non Retail Investor's |
12w |
10.53% |
15,45,000 |
37.18% |
0.904 |
| Market Makers |
1 |
0.88% |
1,80,000 |
4.33% |
1.000 |
| Retail Individual Investor's |
92 |
80.70% |
2,76,000 |
6.64% |
0.161 |
| Lead Manager's Underwriter Obligations |
1 |
0.88% |
5,40,000 |
13.00% |
1.000 |
| Other Procured Investors for Underwriting Obligations |
8 |
7.02% |
16,14,000 |
38.84% |
1.524 |
| Total |
114 |
100.00% |
|
100.00 |
1.154 |
The details of applications rejected by the Registrar on technical grounds /
withdrawal are detailed below;
TECHNICAL REJECTION/ WITHDRAWAL
| Category |
No. of Applications |
No. of Equity Shares |
| Market Maker |
Nil |
Nil |
| Retail Individual Investors |
2 |
6000 |
| Non Retail Investors |
Nil |
Nil |
| Total |
2 |
6000 |
After eliminating Technically Rejected applications, the following table gives
the details of Category wise net valid applications:
| Category |
Number of Applications |
% |
No. of Equity Shares. |
% |
Subscription |
Proportionate No. of Equity Shares
(Allocated) After Rounding Off |
| Non Retail Investor's |
12 |
10.71% |
15,45,000 |
37.24% |
1.000 |
1545000 |
| Market Maker |
1 |
0.89% |
1,80,000 |
4.34% |
1.000 |
180000 |
| Retail Individual Investor's |
90 |
80.36% |
2,70,000 |
6.51% |
1.000 |
270000 |
| Lead Manager's Underwriter Obligations |
1 |
0.89% |
5,40,000 |
13.02% |
1.000 |
540000 |
| Other Procured Investors for Underwriting Obligation |
8 |
7.14% |
16,14,000 |
38.50% |
1.515 |
1065000 |
| Total |
112 |
100.00% |
41,49,000 |
100.00% |
1.153 |
3600000 |
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - NSE on April 20, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker at the Issue price of Rs. 37/- per Equity Share, was
finalized in consultation with NSE The category was subscribed by 1.00 times. The total
number of shares allowed In this category is 1,80,000 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. 37/-
per Equity Share, was finalised in consultation with NSE. The category was subscribed by
0.158 times i.e. tor 2,70,000 equity shares. Due to under subscription all the 90 valid
applicants in this category have been given full and firm allotment of 3,000 equity shares
each and the under subscribed portion, of 14,40,000 equity shares from Retail Individual
Investors Category have been spilled over to Non-Retail Individual Investors Category.
C. Allocation to Non Retail Investors (After Technical Rejections): The
Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 37/-per Equity
Share, was finalized in consultation with BSE. The category was subscribed 0.490 times.
The under subscribed 16,05,000 Equity shares from Non Retail investors Category have
been spilled over to Underwrites Category). The total number of shares allotted in this
category is 15,45,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under;
No. of Shares
applied for
(Category wise) |
No.of
Applications
Received |
% to total |
Total No. of Shares
Applied in Category wise |
% of
total |
Proportionate Shares
Available |
Allocation Per
Applicant Before
Rounding off |
Allocation Per Applications
After
Rounding off |
Ratio of Allottecs to Applicants |
Total No.
of Shares
Allotted |
Surplus/ Deficit |
| 15000 |
1 |
8.33 |
15000 |
0.97 |
30582 |
15000.00 |
15000 |
1:1 |
15000 |
15582 |
| 27000 |
2 |
16.67 |
54000 |
3.50 |
110097 |
27000.00 |
27000 |
1:1 |
54000 |
56097 |
| 33000 |
2 |
16.67 |
66000 |
4.27 |
134563 |
33000.00 |
33000 |
1:1 |
66000 |
68563 |
| 42000 |
1 |
8.33 |
42000 |
2.72 |
85631 |
42000.00 |
42000 |
1:1 |
42000 |
43631 |
| 51000 |
1 |
8.33 |
51000 |
3.30 |
103981 |
51000.00 |
51000 |
1:1 |
51000 |
52981 |
| 54000 |
1 |
8.33 |
54000 |
3.50 |
110097 |
54000.00 |
54000 |
1:1 |
54000 |
56097 |
| 81000 |
1 |
8.33 |
81000 |
5.24 |
165146 |
81000.00 |
81000 |
1:1 |
81000 |
84146 |
| 147000 |
1 |
8.33 |
147000 |
9.51 |
299709 |
147000 00 |
147000 |
1:1 |
147000 |
152709 |
| 225000 |
1 |
8.33 |
225000 |
14.56 |
458738 |
225000.00 |
225000 |
1:1 |
225000 |
233738 |
| 810000 |
1 |
8.33 |
810000 |
52.43 |
1651456 |
810000.00 |
810000 |
1:1 |
810000 |
841456 |
| Total |
12 |
100 |
1545000 |
100 |
3150000 |
|
|
|
15,45,000 |
1605000 |
16,05,000 equity shares from Non-Retail Investors Category have been spilled over to
Underwriter's Category.
D. Allocation to Lead Managers Underwriters Obligation (After Technical
Rejections & Withdrawal): Unsubscribed portion of 1,605,000 equity shares
braught-in by the Merchant banker Underwriters obligation and Other Procured Investors at
the issue price of Rs 37/- per Equity Shares. In terms of the SAT Order dated April
17,2018, Lead Manager, Inventure Merchant Banker Services Private Limited have agreed to
fulfil their underwriting; obligation of 15% of the Issue Size on their own account and
have accordingly subscribed for 5.40.000 Equity Shares. As per the SAT Order for the
balance portion of 10,65,000 equity shares, subscription by the 8 procured Investors have
been considered. The Basis of Allotment for Lead Managers Underwriter Category at the
Issue price of Rs. 37/-per Equity Share, was finalised in consultation with NSE and
5,40,000 Equity Shares were allotted to inventure Merchant Banker Services Private
Limited.
E. Allocation to Other Procured Investors (for Balance Unsubscribed Portion)
(After Technical Rejections & Withdrawal): As per the SAT Order, for the
balance portion of 10,05,000 equity shares, subscription by the 8 procured investors have
been considered. The Basis of Allotment for Other Procured Investors Category at the issue
price of Rs.37/-per Equity Share, was finalised in consultation with NSE. The category
wise basis of allotment is as under:
No. of Shares
applied for
(Category wise) |
No.of
Applications
Received |
% to total |
Total No. of Shares
Applied in each category |
% of
total |
Proportionate Shares
Available |
Allocation Per
Applicant Before
Rounding off |
Allocation Per Applicant After Rounding off |
Ratio of Allottecs to Applicants |
Total No.
of Shares
Allotted |
Surplus/ Deficit |
| 45000 |
1 |
12.50 |
45000 |
2.79 |
29693 |
29693.00 |
30000 |
1:1 |
30000 |
-307 |
| 54000 |
1 |
12.50 |
54000 |
3.35 |
35632 |
35632.00 |
36000 |
1:1 |
36000 |
-368 |
| 135000 |
2 |
25.00 |
270000 |
16.73 |
178160 |
89080.00 |
90000 |
1:1 |
180000 |
-1840 |
| 270000 |
2 |
25.00 |
540000 |
33.46 |
356320 |
178160.00 |
177000 |
1:1 |
354000 |
2320 |
| 300000 |
1 |
12.50 |
300000 |
18.59 |
197955 |
197955 00 |
198000 |
1:1 |
198000 |
-45 |
| 405000 |
1 |
12.50 |
405000 |
25.09 |
267240 |
267240.00 |
267000 |
1:1 |
267000 |
240 |
| Total |
8 |
100 |
1614000 |
100 |
1065000 |
|
|
|
10,65,000 |
0 |
The Board of Directors of the Company at its meeting held on April 21, 2018 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. NSE 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 are being dispatched to the address of the
Applicants as registered with the depositories on or before April 24, 2018. Further, the
instructions to Self Certified Syndicate Banks are being processed on or prior to April
23.2018. The Equity Shares allocated to successlul 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 EMERGE Platform of NSE on April 25.2018.
Note: All capitalized terms used and not defined herein shall have the
respective meaning assigned to them In the Prospectus dated March 15.2018
("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to theIssue, KARVY COMPUTERSHARE PRIVATE LIMITED at www.karisma.karvy.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:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Finacial District.
Nanakramguda. Hyderabad - 500032. Telangana. India
Tel No: + 91 40 - 6715 2222; Fax No: + 91 402343 1551
E-mail: einward.ris@karvy.com;
Investor Grievance Email; pentagold.ipo@karvy.com
Website; www.karisma.karvy.com;
SEBI Registration No: INR000000221
Contact Person: M.Murali Krishna
| Place; Mumbai Date: April 24.2018 |
For Penta Gold Limited
On behalf of the Board of Directors
Sd/-
Managing Director |
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 PENTA GOLD
LIMITED. |