|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement.)
NOURITRANS EXIM LIMITED
Corporate Identification Number: U51100GJ1995PLC027381
Our Company was originally incorporated as "Nouritrans Exim Private Limited" on September 07, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, Subsequently, Our Company was converted in to a public company and consequently name was changed to "Nouritrans Exim Limited" (NEL) vide fresh certificate of incorporation dated April 04, 2017 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. For details of the changes in our name and registered office, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 98 of the Prospectus.
Registered Office: 101/17 Premier Shopping Centre,
Mirzapur Road, Ahmedabad 380001, Gujarat, India. | Tel:+91 79 25622811
PROMOTER OF THE COMPANY: MRS. SHAHEEN A. VOHRA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 20,40,000 EQUITY SHARES OF FACE VALUE Of RS.10 EACH ("EQUITY SHARES") OF NOURITRANS EXIM LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE RS.30 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM Of RS. 20 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS.6I2.00 LAKHS ("THE ISSUE"), OF WHICH 1,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR A CASH PRICE OF RS. 30 PER EQUITY SHARE, AGGREGATING TO RS. 31.20 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 19,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 30 PER EQUITY SHARE AGGREGATING TO RS. 580.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.46% AND 31.76%. 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 163 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE "SEBI ICDR REGULATIONS"), AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the Chapter X-B of the SEBI (ICDR) Regulations, 2009, as amended from time to time our Company has received an approval letter dated August 23, 2017 from BSE Limited (the 'BSE') for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the designated Stock Exchange will be BSE. 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 458 applications For 2,372,000 Equity Shares resulting in 1.1627
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 (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - BSE Limited on September 12, 2017
B. Allocation to Retal Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.8264 times i.e. for 1,768,000 Equity Shares. Total number of shares allotted in this category is 1,536,000 Equity Shares to 384 successful applicants.
The category wise details of the Basis of Allotment are as under:
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 Rs.30 per Equity Share, was finalized in
consultation with BSE Limited. The category was subscribed by 0.4793 times i.e. for
464,000 shares the total number of shares allotted in this category is 400,000 Equity
Shares to 6 successful applicants
The Board of Directors of the Company at its meeting held on September 12,
2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated
Stock Exchange viz. BSE and has authorized the corporate action for the transfer and
allotment of the Equity Shares to various successful applicants.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Karvy Computershare Pvt Ltd. 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 C0MPUTERSHARE 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 NOURITRANS EXIM LIMITED.