|Basis of Allotment|
Is a Public Announcement for information purposes only. This Is not a Prospectus
announcement and does not constitute an Invitation or Offer to acquire, purchase subscribe
for Securities. Not for distribution outside India.)
SAGAR DIAMONDS LIMITED
Our Company was originally incorporated as Sagar Diamonds Private Limited on July 15,5015 at Surat. Gujarat as a private limited company under the Companies. Act 2013 with the Registrar of Companies, Ahmedabad. Pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on June 19.2017. our Company's name was changed to Sagar Diamonds Limited. A fresh certificate of incorporation consequent upon change of name was ued on July 04, 2017 by the Registrar of Companies. Ahmedabad. The Corporate Identification Number of our Company is U36912GJ2015FL00R3S46
Registered Office & Factory Unit; Unit No. 101,
Plot No. 193 SEZ Diamond Park. Sachin, Surat 394230. Gujarat, India.
OUR PROMOTERS: MR, VAIBHAV DIPAK SHAH AND SG DIAMONDS LLP
BASIS OF ALLOTMENT
PUBLIC ISSUE OF UPTO 33,81,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH OF SAGAR DIAMONDS LIMITEO ("SAGAR" OR THE 'COMPANY" OR THE " ISSUER") FOR CASH AT A PRICE 0F RS 45 PER EQUITY SHARE INCLUDING A SHARE PREMIUM 0F RS 35 PER EQUITY SHARE (THE " ISSUE PRICE") AGGREGATING TO RS 1521.45- LAKH ("THE ISSUE"). 0F WHICR 1,71,000 EQUITY SHARES OF FACE VALUE OF RS10 EACH FOR CASH AT A PRICE OF RS 45 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 35 PER EQUITY SHARE AGGREGATING TO RS 76.95 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.e. NET ISSUE OF 32,10,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT A PRICE OF RS 45 PER EQUITY SHARE AGGREGATING TO RS 1444.50 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26 .74% AND 25.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR 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 286 OF THE PROSPECTUS.
ISSUE PRICE: RS 45 PER EQUITY SHARE. THE FACE VALUE OF THE EQUITY SHARE
The Equity Shares offered through this. Prospectus are proposed to be listed on the
BSE SME Platform (BSE). Our Company has received an approval letter dated August 30, 2017
from BSE for using its name in this Prospectus for listing of our Equity Shares on the BSE
SME Platform. For the purpose of this Issue, BSE Limited shall be the Designated Stock.
Exchange, The trading is proposed to be commenced with effect from Tuesday,
September 26,2017, subject to receipt of listing and trading approvals from the
The Issue has received 6945 applications for 3,27,18.000 Equity Shares resulting in
9.68 times subscription (including reserved portion of Market Maker). The details of the
applications received in the Issue (before technical rejections) are as follows:
ALLOCATION: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - BSE on September 21,2017.
A. ALLOCATION TO MARKET MAKER (AFTER TECHNICAL REJECTIONS): The Basis of Allotment to the Market Maker, at the issue price Of Rs 45 per Equity Share was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted In this category is 1,71,000 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 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed 9.175 times.The total number of shares allotted In this category is 1,96,80.000 Equity Shares to 715 successful applicants. The retail category has applied for 98.72% of the valid applications under the net offer to public.The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Non Retail Investors (After Technical Rejections):
Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the
Market Maker, at the issue price of Rs 45 per Equity Share, was finalized In consultation
with BSE. The category was subscribed by 9.211 times. The total number of shares allotted
in this category is 10,05,000 Equity Shares.
The Board of Directors of the Company at its meeting held on September 22, 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 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 September 25,2017 Further. the instructions to Self Certified Syndicate Banks are being: processed on or prior to September 22.2017. 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 BSE SME 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 September 20,2017, ("Prospectus").
INVESTORS 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 SAGAR DIAMONDS LIMITED.