|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
VERTOZ ADVERTISING LIMITED
Our Company was originally Incorporated as Vertoz Media Private Limited on February 13.2012 with the Registrar of Companies. Maharashtra. Mumbai as a private limited Company under the provisions of the Companies Act. 1956. Subsequently our Company was converted into public limited Company pursuant to shareholders resolution passed at the Extra-Ordinary General Mating held on May 22,2017 and the name of our Company was changed to Vertoz Media Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Mumbai on June 09, 2017. Pursuant to a resolution of our Shareholders passed on June 14,2017, the name of our Company was changed to vertoz Advertising Limiled and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai on July 07, 2017. For further details of our Company, please refer "General information" and "History and Certain Other Corporate Mitter' on page numbers 35 add 81. respectively of the Prospectus.
Registered Office: 602, Avior, Nirmal Galaxy. L.B.S.
Marg, opp. Johnson a Johnson. Mulund (west) Mumbai- 400080.
PROMOTERS OF OUR COMPANY: HIRENKUMAR SHAH & ASHISH SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 15.84.000 EQUITY SHARES OF A FACE VALUE OF RS 10 EACH (THE
"EQUITY SHARES") OF VERTOZ ADVERTISING LIMITED ("OUR COMPANY" OR
"VAL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 108 PER EQUITY SHARE
(INCLUDING A SHARE PREMIUM OF RS 98.00 PER EQUITY SHARE) ("ISSUE PRICE")
AGGREGATING TO RS 1710.72 LAKHS ("THE ISSUE") OF WHICH 79.200 EQUITY SHARES
AGGREGATING TO RS 85.54 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 15.04,800 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH
AT AN ISSUE PRICE OF RS 108.00 PER EQUITY SHARE AGGREGATING TO RS 1625,18 LAKHS IS
HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 26.47% AND 25.14%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL
OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE
176 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
The Equity Shares offered through the Prospectus are proposed to be listed on the
Emerge Platform of National Stock Exchange of India Limited ("NSE Emerge") in
terms of the Chapter XB of the SEBI (ICDR) Regulations, as amended from time to time. Our
Company has received an in-principle approval letter dated October 23.2017 from National
Stock Exchange of India Limited for using- its name in the Offer Document for listing of
our shares on the Emerge Platform of National Stock Exchange of India Limited. For the
purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange
of India Limited. The trading is proposed to be commenced on or about November
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 Certificate Syndicate Banks (the "SCSBs").
The Issue has received 2,100 applications for 66,08,400 Equity Shares (Before Technical
Rejections but after invalid bids and bids not banked/blocked) (including Market Maker
Application of 79,200 Equity Shares) resulting in 4.17 times subscription. After
considering, a Technical Rejection case, the issue was subscribed 4.15 times (including
the Market Maker Portion). The details of the applications received in the issue (before
technical rejections) are as fallows:
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 - National Stock Exchange of India Limited on November 21.
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 108 per Equity Share, was
finalized in consultation with NSE, The category was subscribed by 5.54 times. Total
number of shares allotted in this category is 7,52,400 Equity Shares to 103 successful
The Board of Directors of the Company at its meeting held on November 21, 2017 has
taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. NSE and has authorized the corporate action for allotment of shares in
dematerialized form to various successful applicants. The CAN and allotment advice and /
or rejection letters will be dispatched to the address of the Applicants as registered
with the depositories / as filled in the application form on November 23.2017. Further,
the Instructions to Self Certified Syndicate Banks being processed on November 22.2017. In
ease the same Is not received within prescribed time, investors may contact 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 the Emerge Platform of National Stock Exchange of India Limited within six
working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue KARVY COMPUTERSHARE PRIVATE LIMITED at www.karisma.karvy.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:
KARVY COMPUTERSHARE 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 VERTOZ ADVERTISING LIMITED.