|Basis of Allotment|
(This is only an advertisement for Information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.)
NAKODA GROUP OF INDUSTRIES LIMITED
Our Company was originally incorporated as Nakoda Group of Industries Private Limited at Nagpur, Maharashtra, as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated October 22,2013 bearing Corporate Identification Number U15510MH2013PTC249458 issued by the Registrar of Companies, Maharashtra, Mumbai. On July 18,2016, our Company acquired the business of proprietorship concerns of our promoters Pravin Kumar Choudhary viz. M/s. Navkar Processors through Takeover agreement. Consequently business of this proprietorship firm was merged into Nakoda Group of Industries Private Limited. Subsequently, our Company was converted into a public limited company pursuant to special resolution passed by the members in extraordinary general meeting held on January 19,2017 and the name of our Company was changed to Nakoda Group of Industries Limited vide a Fresh Certificate of Incorporation dated February 06,2017, issued by Registrar of Companies, Maharashtra Mumbai The Corporate Identification number of our Company is U15510MH2013PLC249458. For details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 135 of the Prospectus.
Registered Office: 239, Bagad Ganj, Nagpur- 440008, Maharashtra,
India. Corporate Identification Number: U15510MH2013PLC249458
PROMOTERS OF OUR COMPANY: PRAVIN CHOUDHARY AND JAYESH CHOUDHARY
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 18,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF NAKODA GROUP OF INDUSTRIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 35 /- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 25/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 648.20 LAKHS ("THE ISSUE"), OF WHICH 1,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 35/- PER EQUITY SHARE, AGGREGATING RS. 35.00 LAKHS WILL BE 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 17,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 35/- PER EQUITY SHARE, AGGREGATING RS.613.20 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.57% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
Risks to Investors:
I. As on date of the Prospectus, the average cost of acquisition per Equity Share by
our Promoters viz. Pravin Choudhary and Jayesh Choudhary is Rs.10/-each.
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE SME'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time.Our Company has received an In- Principle approval letter dated February 06,2018 from BSE Limited for using its name in the Offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this offer, SME Platform of the BSE Limited shall be the Designated Stock Exchange.
The Issue has received 174 applications for 23,20,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 1,00,000 Equity Shares. The issue was subscribed to the extent of 1.25 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.22 times. The details of application received (Before Technical Rejection but after bids not banked and application banked but bid not registered)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
*the subscription for other than retail individual investor's category under the revised subscription column has been calculated after considering the spillover of unsubscribed portion of 2,72,000 equity shares from retail individual investor's category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - SME Platform of the BSE Limited on June 02,2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 35/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,00,000 Equity shares in full out of reserved portion of 1,00,000 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. 35/- per Equity Share, was finalized in consultation with BSE Limited.The catagory was subcribed 0.69 times. Total number of shares allotted in this categorv is 6,04,000 Equity Shares. The category wise basis of allotment is as under:
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 35/- per Equity Share, was finalized in consultation with BSE Limited.The category was subscribed by 1.36 times. Total number of shares allotted in this category is 11,48,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on June 04,2018 has
taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE Limited and authorized corporate action for allotment of shares in
dematerialized form to various successful applicants.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Offer at www.bigshareonline.com. 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:
BIGSHARE SERVICES 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 NAKODA GROUP OF