|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 Not
for publication or distribution, directly or indirectly outside India.)
PRITI INTERNATIONAL LIMITED
Our Company was originally incorporated as "Priti International Limited" at Jodhpur, Rajasthan as a Public Limited Company under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated June 30, 2017 bearing Corporate Identification Number U36994RJ2017PLC058454 issued by the Registrar of Companies, Central Registration Centre. Subsequently, our Company acquired the business of Proprietorship Concern of our Promoter Priti Lohiya viz. M/s. Priti International through Business Succession Agreement dated November 11,2017. Consequently, Business of this proprietorship firm was merged into Priti International Limited. The Corporate Identification number of our Company is U36994RJ2017PLC058454. 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 138 of the Prospectus.
Registered Office: Plot No. F-43, Basni, 1st Phase,
Jodhpur-342 001, Rajasthan, India. Corporate Identification Number:
U36994RJ2017PLC058454; Tel. No.: 0291- 2435699;
PROMOTERS OF OUR COMPANY: GOVERDHAN DAS LOHIYA, PRITI LOHIYA, RITESH
LOHIYA, RITESH LOHIYA HUF AND GOVERDHAN DAS LOHIYA HUF
INITIAL PUBLIC ISSUEOF 7,00,800 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF PRITI INTERNATIONAL LIMITED (THE "COMPANY' OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 75 /- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 65/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 525.60 LAKHS ("THE ISSUE"), OF WHICH 35,200 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 75/- PER EQUITY SHARE, AGGREGATING RS. 26.40 LAKHS WERE 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 6,65,600 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS.75/- PER EQUITY SHARE, AGGREGATING RS.499.20 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTE 27.01% AND 25.66% 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. Goverdhan Das Lohiya, Priti Lohiya, Ritesh Lohiya, Ritesh Lohiya HUF
And Goverdhan Das Lohiya HUF is Rs. 10/-, Rs. 10/-, Rs. 63.58/-, Rs. 74.95/-, Rs. 74.94/-
respectively. In terms of Prospectus dated May 31,2018 and as per Regulation 43(4)
SEBI (ICDR) Regulations, 2009 wherein:
Explanation: For the purpose of Regulation 43(4) of SEBI (ICDR) Regulation, 2009, if retail individual investors are entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 283 of the Prospectus.
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 EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), 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 March 05, 2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the NSE Emerge. For the purpose of this issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange.
The Issue has received 1825 applications for 34,73,600 Equity shares (before technical/multiple rejections, after bids not banked and Invalid/Duplicated bids) including Market Maker Application of 35,200 Equity Shares. The issue was subscribed to the extent of 4.96 times as per the application data (before technical/multiple rejections, after bids not banked and Invalid/Duplicated bids). After considering the technical rejections cases, the issue was subscribed 4.84 times.
The details of application received (before technical/multiple rejections, after bids not banked and Invalid/Duplicated bids).
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange-National Stock Exchange of India Limited on June 18, 2018.
C. Allocation to Non Retail Investor (After Technical Rejection): The Basis of Allotment to Non Retail Investors, at the issue pnce of Rs 75/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscnbed by 1.52 times. Total number of shares allotted in this category is 99,200 Equity Shares. The category wise basis of allotment is as under:
*Please Note: Additional lot of 1600 shares given in appllied shares category of 11200
and 25600 Equity Shares after proportionate allocation of Equity Shares.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before June 21, 2018. Further, the instructions to SCSBs has been issued on June 19, 2018 for unblocking of funds. 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. 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 six working days from the date of the closure of the issue. The trading is proposed to commence on or before June 21, 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 will be hosted on the website of the Registrar to the Issue 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 PRITI