|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
SHARE INDIA SECURITIES LIMITED
Our Company was originally incorporated on July 12,1994 as "FMS Securities Limited" vide Registration no. 02-04175 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Assam, Meghalaya, Manipur, Tripura, Nagaland, Arunachal Pradesh & Mizoram, Shillong and received Certificate for Commencement of Business on July 20,1994. Further the Registered Office of the Company was changed to National Capital Territory of Delhi & Haryana from Assam and fresh certificate for change in registered office was issued by Registrar of Companies, National Capital Territory of Delhi & Haryana dated December 21, 2000 pursuant to CLB Eastern Region Bench order dated August 09, 2000. In the year 2000, our Existing Promoters Mr. Parveen Gupta, Mr. Sachin Gupta, Mr. Rajesh Gupta and Mr. Yash Pal Gupta took over the control of our Company from our erstwhile Promoters i.e. Mr. Hukamraj Sajjanraj Kumbhat, Mr. Kaushal Kumbhat, Mr. Pardip Kumbhat, Mr. Haradhan Saha, Mrs. Laxmi Narain Biyani, Mrs. Ambika Barua and Mvv Indu Kumbhat. Pursuant to the scheme of Amalgamation, Share India Securities Limited was merged into our Company vide order of Hon'ble High Court of Delhi dated May 20, 2010.The name of our Company was changed to Share India Securities Limited, vide a fresh certificate of Incorporation pursuant to change of name dated July 15, 2010 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Further the Registered Office of the Company was changed to Uttar Pradesh from the State of Delhi and fresh certificate for change in registered office was issued by Registrar of Companies, Uttar Pradesh dated May 02, 2012 having CIN U67120UP1994PLC050209 pursuant to Company Law Board, New Delhi Bench order dated April 17,2012.
Registered Office: 6th Milestone, New Bhai-Chara Complex, Opp
Mata Mandir, Chikambarpur, UP Border, Sahibabad, Ghaziabad, Uttar Pradesh-201006
PROMOTERS OF OUR COMPANY: MR. PARVEEN GUPTA, MR. SACHIN GUPTA, MR. YASHPAL GUPTA & MR. RAJESH GUPTA
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 64,32,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF SHARE INDIA SECURITIES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 31 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2637.12 LAKHS ("ISSUE") CONSISTING OF A FRESH ISSUE OF 59,32,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 2432.12 LAKHS ("ISSUE") AND 5,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 205 LAKHS THROUGH AN OFFER FOR SALE BY MR. PARVEEN GUPTA, MR. SACHIN GUPTA, MR. YASHPAL GUPTA, MR. RAJESH GUPTA, MRS. REKHA GUPTA 8 MRS. TRIPTI GUPTA (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 3,24,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 41 PER EQUITY SHARE, AGGREGATING TO RS 132.84 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 61,08,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 2504.28 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.33% AND 25.01%, 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 271 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 EACH.
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Ltd ("BSE SME"). Our Company has received an approval letter dated September 13, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Ltd. The trading is proposed to be commenced on or about October 05, 2017.*
*Subject to receipt of listing and trading approvals from the BSE 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 4020 applications for 2,35,17,000 Equity Shares resulting in
3.66 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 29, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The
Basis of Allotment to the Market Maker, at the issue price of Rs 41 per Equity Share, was
finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The
total number of shares allotted in this category is 3,24,000 Equity shares.
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 41 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 3.77 times i.e. for 1,16,01,000 Equity Shares. Total number of shares allotted in this category is 30,78,000 Equity Shares to 1026 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 41 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 3.77 times i.e. for 1,14,30,000 shares the total number of shares allotted in this category is 30,30,000 Equity Shares to 92 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 September 30, 2017 has
approved the Basis of Allocation of Equity Shares as approved by the Designated Stock
Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the
Equity Shares to various successful applicants.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 14, 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHARE INDIA SECURITIES LIMITED.