|Basis of Allotment|
is only an advertisement for Information purpose. This is not a Prospectus announcement
and does not constitute invitation or offer to acquire, purchase or subscribe for
securities. Not for Publication or distribution, directly or indirectly outside India.)
GOLDSTAR POWER LIMITED
Our Company was originally incorporated as Goldstar Battery Private Limited at Jamnagar, Gujarat as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated July 12,1999 bearing registration No. 04-36274 issued by the Registrar of Companies, Gujarat. The name of our Company was changed to Goldstar Power Private Limited pursuant to a Fresh Certificate of Incorporation Consequent on Change of Name, dated July 13, 2017, issued by the Registrar of Companies, Gujarat. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company held on July 15, 2017 and the name of our Company was changed to Goldstar Power Limited and a Fresh Certificate of Incorporation consequent upon Conversion of Company to Public Limited, dated July 21,2017 was issued by Registrar of Companies, Ahmedabad. The Corporate Identity number of our Company is U36999GJ1999PLC036274. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters' beginning on page 56 and 124 respectively of the Prospectus.
Registered Office: Behind Ravi Petrol pump,
High-Way Road, AT & Post -Hapa, Dist. Jamnagar 361120, Gujarat, India.
PROMOTERS OF OUR COMPANY: MULJI PANSARA AND AMRATLAL PANSARA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF UPTO 28,98,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH
("EQUITY SHARES") OF GOLDSTAR POWER LIMITED (THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 25 /- PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 15 /- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS.
724.50 LAKHS ("THE ISSUE"), OF WHICH UPT01,50,000 EQUITY SHARES OF FACE VALUE OF
RS. 10/- EACH FOR CASH AT A PRICE OF RS. 25/-PER EQUITY SHARE, AGGREGATING RS. 37.50 LAKHS
IS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER
RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF
27,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 25/- PER
EQUITY SHARE, AGGREGATING RS. 687.00 LAKHS IS HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.09% AND 25.69% RESPECTIVELY OF
THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of National Stock Exchange of of India Limited (NSE EMERGE) in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated September 13,2017 from National stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on NSE EMERGE. The designated stock exchange is NSE EMERGE.
The Issue has received 198 applications for 34,80,000 Equity shares (Before Technical
Rejections but after Bids not Banked and Invalid Duplicate Bids) (including Market Maker
Application of 1,50,000 Equity Shares) resulting 1.20 times subscription. After
considering, a Technical Rejection case, the issue was subscribed 1.18 times (including
the Market Maker Portion).
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection & Bids not Banked):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- NSE on October 05,2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,50,000 Equity shares in full out of reserved portion of 1,50,000 Equity Shares.
B. AIIocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.65 times. Total number of shares allotted in this category are 8,94,000 Equity Shares. The category wise basis of allotment is as under:
**the under subscription of 480,000 Equity Shares in the Retail Individual Bidders category has been spilled over to Other Than Retail Individual Bidders category C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.28 times. Total number of shares allotted in this category is 18,54,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October 06,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. NSE and authorized corporate action for allotment of shares in
dematerialized form to various successful applicants.
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
LINK INTIME INDIA 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 GOLDSTAR