|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT FOR DISTRIBUTION OUTSIDE INDIA.)
BANKA BIOLOO LIMITED
Our Company was incorporated as Banka BioLoo Private Limited on August 31,2012 under the Companies Act, 1956 with the Registrar of Companies, Hyderabad bearing Registration No. 082811. The status of our Company was changed to a public limited company and the name of our Company was changed to Banka BioLoo Limited by a special resolution passed on November 13,2017. A fresh Certificate of Incorporation consequent upon conversion was issued on November 15,2017 by the Registrar of Companies, Hyderabad. The Company's Corporate Identity Number is U90001AP2012PLC082811. For further details, please refer to the chapter titled "History and Certain Corporate Matters" beginning on page no. 113 of the Prospectus.
Registered Office: Plot no 11 -4-651, A -109, Express
Apartment, Lakdi ka Pool, Hyderabad - 500 004
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 10,98,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") OF BANKA BIOLOO LIMITED ("BBL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 115 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1,262.70 LAKHS ("THE ISSUE"), OF WHICH 58,800 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,39,200 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.70% AND 25.27%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND
The Equity Shares of the Company are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited ("NSE"). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated December 11,2017. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on February 27,2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).
The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only 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 Net Issue has received 219 applications for 10,75,200 Equity Shares
resulting in 1.03 times subscription. The details of the applications received in the Net
Issue (before and after technical rejections & withdrawal) are as follows:
Note: The Issue also includes 58,800 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 2,48,400 Equity Shares in Non - Retail Category & under subscription 3,12,000 Equity Shares in Retail Category. Due to technical rejection and bids not banked, the Issue was short by 63,600 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 63,600 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on February 22,2018.
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 115 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 58,800 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs.115 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 2,07,600 Equity Shares. The category was subscribed by 0.3995 times. The category-wise details of the Basis of 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. 115 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,68,000 Equity Shares (including un-subscribed portion of 3,12,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 0.9235 times. The category-wise details of the Basis of Allotment are as under:
Due to technical rejection and bids not banked, the Issue was short by 63,600 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 63,600 Equity Shares. The Board of Directors of the Company at its meeting held on February 22,2018 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 CAN and allotment advice and / or notices have been dispatched to the address of
the investors as registered with the depositories. Further, the instructions to Self
Certified Syndicate Banks have been processed on or before February 26, 2018 for
unblocking of funds. The Equity Shares allotted to successful applicants are being
credited to their beneficiary accounts subject to validation of the account details with
the depositories concerned. In case the same is not received within prescribed time,
investors may contact the Registrar to the Issue at the address given below. 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 6 working days from the Closure of the
Issue. The trading is proposed to be commenced on February 27,2018, subject to
receipt of listing and trading approvals from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to
the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com
BIGSHARE SERVICES 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 BANKA BIOLOO LIMITED.