|Basis of Allotment|
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT
FOR DISTRIBUTION OUTSIDE INDIA.)
SAKETH EXIM LIMITED
Our Company was incorporated as Saketh Exim Private Limited on June 16, 2010 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 204331. Subsequently, the status of our Company was changed to a public limited company and the name of our Company was changed to Saketh Exim Umited vide Special Resolution dated December 07, 2017. A fresh certificate of incorporation consequent upon conversion was granted to our Company on December 19, 2017, by the Registrar of Companies, Mumbai.
Registered Office: Plot No-PAP D-146/147, TTC MIDC, Turbhe, Navi
Mumbai - 400 705
BASIS OF ALLOTMENT
PUBULIC ISSUE OF 13,68,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF SAKETH EXIM LIMITED ("SEL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 69.00 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 943.92 LAKHS ("THE ISSUE") CONSISTING OF FRESH ISSUE OF 11,23,000 EQUITY SHARES AGGREGATING TO RS 774.87 LAKHS AND AN OFFER FOR SALE OF 2,45,000 EQUITY SHARES BY THE PROMOTER GROUP SELLING SHAREHOLDER AGAKHS ("OFFER FOR SALE"), OF WHICH 72,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 12,96,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSDE WILL CONSTITUTE 27.23% AND 25.80%, 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
ISSUE PRICE IS 6.90 TIMES OF THE FACE VALUE.
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 in-principle approval from NSE for the listing of the Equity Shares pursuant to letter dated May 18, 2018. National Stock Exchange of India limited ("NSE") shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on August 13, 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 292 applications for 15,98,000 Equity Shares resulting in
1.21 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 72,000 Equity Shares reserved for Market
Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 69 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 72,000 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 69 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 5,32,000 Equity Shares. The category was subscribed by 0.82 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 69 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 7,64,000 Equity Shares (including un-subscribed portion of 1,16,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.38 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on August 09, 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.
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 SAKETH EXIM LIMITED.