|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
OMFURN INDIA LIMITED
Our Company was incorporated as Om Vishwakarma Furniture Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated November 13,1997 in Mumbai. Subsequently, the name of our Company was changed to Omfurn India Private Limited vide shareholder's approval on April 03, 2013 and fresh certificate of incorporation dated April 21, 2013. Subsequently, the name of our Company was changed to Omfurn India Limited pursuant to conversion into a public company vide Shareholders' approval on May 30, 2017 and fresh certificate of incorporation dated June 15, 2017. The Corporate Identification Number of Our Company is U20200MH1997PLC111887. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 126 of the Prospectus.
Registered Office: 109, Gundecha Industrial Complex, Akrurali
Road, Kandivali (East), Mumbai -400101, Maharashtra, India.
PROMOTERS OF THE COMPANY: MR. RAJENDRA CHITBAHAL VISHWAKARMA AND MR. MAHENDRA CHITBAHAL VISHWAKARMA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 18,12,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF OMFURN INDIA LIMITED ("OMFURN" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 23 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 13 PER EQUITY SHARE AGGREGATING RS 416.76 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 96,000 EQUITY SHARES OF FACE VALUE RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,16,000 EQUITY SHARES OF FACE VALUE RS 10 EACHFULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.60% AND 25.19% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE 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 218 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the
NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR)
Regulations, 2009, as amended from time to time. The Company has received an in-principle
approval letter dated September 19, 2017 from NSE for using its name in the offer document
for listing of its shares on NSE Emerge Platform.
* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 255 applications for 2406000 Equity Shares resulting in 1.33
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 are detailed below: (Technical rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
"As per regulation 43(4) of SEBI (ICDR) retail Individual Investor category is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated that higher percentage
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 10, 2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 23 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 96,000 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 23 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.33 times. The total number of shares allotted in this category is 1086000 Equity Shares to 181 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): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 23 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.34 times. The total number of shares allotted in this category is 630000 Equity Shares to 10 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 October 10, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited 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 will be dispatched to the address of the Applicants as registered with the depositories on or before October 12, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to October 12, 2017. In case the same is not received within four working days, investors may contact Registrar at the address given below. 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 NSE Emerge 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 25, 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 THE OMFURN INDIA LIMITED.