|Basis of Allotment|
Our Company was originally formed as Partnership Firm in the name and style of "Shish Industries" through partnership deed dated July 5, 2012 under Partnership Act, 1932. Subsequently the constitution of patnership firm was changed through partnership deed dated September 15, 2012. Further the place of registered office of partnership firm "Shish Industries" was changed through Partnership Deed dated December 5, 2014, Consequently, the Constitution of Partnership Firm was changed through Partnership Deed dated January 9, 2017 and Partnership Firm was converted into Public Limited Company - "Shish Industries Limited" on May 11, 2017 under Pant I (Chapter XXI) of the Companies Act, 2013 vide certificate of incorporation issued by Registrar of Companies, Central Registration Center.
Registered office: Survey No: 265/ 266, Block No: 290,
Plot No. 18 to 23, B/1 Paiki 1, Pipodara. Ta: Mangrol. Surat - 394 110. Gujarat.
PROMOTERS OF THE COMPANY: MR. SATISHKUMAR MANIYA AND MR. RAMESHBHAI KAKADIYA
BASIS OF ALLOTMENT
SHISH INDUSTRIES LIMITED - SME IPO
PUBLIC ISSUE OF 13,52,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF SHISH INDUSTRIES LIMITED ("SIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 30 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 20 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 405.60 LAKH ("THE ISSUE"), OF WHICH 72,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 30 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 20 PER EQUITY SHARE AGGREGATING TO RS 21.60 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "'MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.a. NET ISSUE OF 12,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 30 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 20 PER EQUITY SHARE AGGREGATING TO RS 384.00 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.44% AND 28.81% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms, of Prospectus dated August 17, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherem (a) minimum of 50 % of the Net offer to Pubic shall be intially made available to Retail Individual Investors, and (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail individual investor and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities, applied for. c) The unsubscribed portion in either of the categories specified In (a) or (b) above may be allocated to the applicants in the other category.
Explanation: For the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009. if the retail individual investor is entitled to more- than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 30/- EACH INCLUDING A SHARE PREMIUM OF RS 20/- PER EQUITY SHARE. THE ISSUE PRICE IS 3 TIMES OF THE FACE VALUE. ISSUE OPENED ON WEDNESDAY, AUGUST 23, 2017 AND CLOSED ON MONDAY, AUGUST 28, 2017.
The Equity Shares offered through The Prospectus, are proposed to be listed on SME Platform of BSE Limited ("BSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our Company has received in-Principle Approval Letter dated August 14, 2017 from BSE for using its name in this offer document for listing our shares on the SME platform of BSE Limited. For the purpose of this issue. the designated Stock Exchange was the BSE Limited ("BSE")
Details of Applications:
The Issue has received 325 applications (before Technical Rejections) for 18,40,000
Equity Shares (Including Market Maker Application or 72,000 Equity Shares) resulting 1.361
times subscription. The details of the applications received in the Issue (before
technical rejections) are as follows:
Total 20 applications received in Retail Individual Investor Category were rejected on technical grounds. Further, there was no withdrawal of application in any of the category
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 31, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 30/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number or shares allotted in this category is 72,000 Equity shares in full, out of reserved portion of 72,000 Equity Shares.
B. Allocation lo Retail Individual Investors (After Technical Rejections ft Withdrawal, If any): 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. The category was subscribed by 1.75 times. Total number of shares, allotted m this category is 8,52,000 Equity Share as under;
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis or Allotment to the Non Retail investors, at the issue price of 30/- per Equhy Share, was finalized in consultation with BSE. The category was undersubscribed to 0.837 times. Total number of shares allotted in this oateqorv is 426000 Equity Shares. The CBteqory wise oasis of allotment is as under:
The Board of Directors of the Company at its meeting held on September 1, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.
The CAN-cum-Rafund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before September 4, 2017 Further, the instructions, to Self Certified Syndicate Banks were being processed on or before September 4, 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 or 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 the BSE Limited within Six working days from the date of the closure of the Issue. The trading a proposed to be commenced on September 5, 2017 subject to receipt of final listing and trading approvals from the BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services 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 bean 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 SHISH INDUSTRIES