|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT.)
SILVER TOUCH TECHNOLOGIES LIMITED
Silver Touch Technologies Limited was originally incorporated as "Silver Touch Computers Private Limited" on February 2, 1995 under the Companies Act 1956 with a Certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli Thereafter a fresh certificate of incorporation consequent upon change of name on conversion of the company to public limited company in the name of the "Silver Touch Computers Limited" was granted by ROC on February 5, 2004. Name of the Company was further changed to its present name Silver Touch Technologies Limited and fresh certificate of incorporation was issued by ROC on October 13, 2004. Company Incorporation Number (CIN) of the Company is U72200GJ1995PLC024465.
Registered Office: 2nd Floor, Saffron, Nr. Panchwati Circle, Ambawadi, Ahmedabad - 380 006. | Tel: +91 -79-2656 3158 | Fax: +91 -79-2656 1624 E-mail: firstname.lastname@example.org | Website: www.silvertouch.com | Contact Person: Mr. Dipesh H. Solanki, Company Secretary & Compliance Officer
PROMOTERS OF OUR COMPANY: MR. VIPUL H THAKKAR, MR. JIGNESH A
PATEL, MR. MINESH V DOSHI AND MR. PALAK V SHAH
PUBLIC OFFER OF 33,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF SILVER TOUCH TECHNOLOGIES LIMITED (THE "COMPANY") FOR CASH AT A PRICE OF RS. 121 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 111 PER EQUITY SHARE) (THE "OFFER PRICE"), AGGREGATING TO RS. 4022.04 LACS ("THE OFFER") THROUGH AN OFFER FOR SALE COMPRISING OF 14,94,000 EQUITY SHARES BY MR. VIPUL H THAKKAR, 14,94,000 EQUITY SHARES BY MR. JIGNESH A PATEL. 70,080 EQUITY SHARES BY MR. MINESH V DOSHI AND 2,65,920 EQUITY SHARES BY MR. PALAK V SHAH, OF WHICH 1,74,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 121 PER EQUITY SHARE, AGGREGATING TO RS. 210.54 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 31,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 121 PER EQUITY SHARE, AGGREGATING TO RS. 3811.50 LACS IS HEREINAFTER REFERRED TO AS "THE NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.39% AND 25.01% RESPECTIVELY OF THE FULLY DILUTED POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
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 "SEBIICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND
ISSUE OPENED ON THURSDAY, MONDAY, NOVEMBER 20, 2017 AND CLOSED
ON THURSDAY, NOVEMBER 23, 2017
The Equity shares offered through this Prospectus are proposed to be listed on SME platform of the National Stock Exchange of India Limited ("NSE") ("NSE EMERGE"). Our Company has received an in-principle approval letter dated October 16, 2017 from NSE for listing of our shares on the NSE EMERGE. For the purpose of the Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or before December 1, 2017*.
* Subject to receipt of listing and trading approvals from the NSE.
This Issue is being made in terms of Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. As per Regulation 43(4) of the SEBI (ICDR) Regulations, as amended, since our is a fixed price issue 'the allocation' is the net issue to the public category shall be made as follows:
a) Minimum fifty percent to retail individual investors; and b) Remaining to other than retail individual investors; and 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.
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 amounls were blocked by Self Certified Syndicale Banks (the "SCSBs").
The Offer has received 12284 valid applications for 34,548,000 Equity Shares resulting
in 10.3935 times subscription before technical rejections & withdrawal. The details of
the applications received in the Offer (before and after technical rejections &
withdrawal) are as follows:
Detail of the Applications Received (After Technical Rejections & Withdrawals):
Allocation: The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - NSE on November 28, 2017.
A. Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Pirce of Rs. 121 per Equity Share. was finalised in consultation with NSE The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,74,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Alotment to the Retail Individual Investors, at the Issue Price of Rs. 121 per Equity Share, was finalised in consultation with NSE. The total number of shares allocated in this category is 15,75,000 Equity Shares. The category was subscribed by 7.6260 times. The category-wise details of the Basis ot Allotment are as under:
C. Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 121 per Equity Share, was finalised in consultation with NSE. The total number of shares allocated in this category is 15,75,000 Equity Shares. The category was subscribed by 14.0692 times. The category-wise details ot the Basis of Allotment are as under:
The Board ot Directors of the Company at its meeting held on November 29, 2017 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The Allotment / Refund advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on November 29, 2017. Further, the instructions to Self Certified Syndicate Banks have been despalched/emailed on November 29, 2017 for unblocking of funds. The Equity Shares allotted to successful applicants have been credited to then beneficiary accounts subject to validation of the account details with the depositories concerned on November 29, 2017. In case the same is not received within prescribed time, investors may contact the Registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of NSE within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before December 1, 2017 subject to receipt of listing and trading approvals from NSE. The Company has filed the listing application with NSE on November 29, 2017.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated November 2, 2017 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at Website: www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting ful 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 given below:
Link Intime India Private Limited
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 SILVER TOUCH TECHNOLOGIES LIMITED