|Basis of Allotment|
is only an advertisement for Information purpose and not a Prospectus announcement. This
does not constitute an invitation or offer to acquire, purchase or subscribe for
securities. Not for publication or distribution, directly or indirectly outside India
S.S. INFRASTRUCTURE DEVELOPMENT CONSULTANTS LIMITED
Our company was originally incorporated as "S.S. Infrastructure Development Consultants Private Limited" as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 8, 2007 bearing Corporate Identity Number U45400AP2007PTC054360 issued by the Registrar of Companies, Andhra Pradesh. Subsequently, our company was converted in to a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on November 25, 2017 and the name of our Company was changed to S.S. Infrastructure Development Consultants Limited vide a fresh certificate of incorporation consequent upon conversion of Private Limited Company to Public Limited Company dated December 12, 2017was issued by Registrar of Companies, Hyderabad. The Corporate Identification Number of our Company is U45400TG2007PLC054360. For Further Details of Incorporation, Change of Name and Registered office of our company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 55 and 129 of the Prospectus.
Registered Office: Flat No. 15, Jabbar Building, Begumpet, Hyderabad, Telangana - 500 016, India. Tel. No.: +91 040 66310224; Fax No.: +91 040 66310223; E-mail: email@example.com; Website: www.ssidcon.org Corporate Identification Number: U45400TG2007PLC054360; Contact Person: Payal Jain, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: SATYANARAYANA SUNDARA & SESHAGIRI RAO PALLE
BASIS OF ALLOTMENT
Our Company has registered the Prospectus with the Registrar of Companies, Hyderabad and the Equity Shares are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or before April 13, 2018.
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 42,78,000 EQUITYSHARES OF FACE VALUE OF RS 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS 40/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 30/-PER EQUITY SHARE) AGGREGATING TO RS 1711.20 LAKHS (THE "ISSUE"), OF WHICH 2,22,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 30/- PER EQUITY SHARE, AGGREGATING RS 88.80 LAKHS WAS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKERS RESERVATION PORTION"). THE ISSUE LESS MARKET MAKERS RESERVATION PORTION I.E. ISSUE OF 40,56,000 EQUITY SHARES OF FACE VALUE OF RS 10/-EACH FOR CASH AT A PRICE OF RS 40/-PER EQUITY SHARE, AGGREGATING RS 1622.40 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.19% AND 28.62% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Rule 19(2(b(i) of the Securities Contracts (Regulation Rules, 1957, as amended (the "SCRR" the Issue was made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue was made through the Book Building Process, in accordance with chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended the ("SEBI ICDR Regulations") wherein 35.06% of the Net Issue was allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the"QIB Category"), 5% of the QIB Category was available for allocation on a proportionate basis to Mutual Funds only and the remainder was available for allocation ona proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, 29.44% of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35.50% of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price.
Risks to Investors:
I. This being the first public Issue of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs 10/-each. The Floor Price is 3.7 times the face value and the Cap Price is 4.0 times the face value. The Issue Price (determined and justified by our Company in consultation with the BRLM as stated in "Basis for Issue Price" on page 92 should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.
II. As on date of the Red Herring Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Satyanarayana Sundara is Rs 0.01/-and Seshagiri Rao Palle is Rs 0.01/-.
ISSUE PRICE : RS 40/- PER EQUITY SHARE
THE FACE VALUE OF EQUITY SHARES IS RS 10/- EACH AND ISSUE PRICE OF RS
40/- IS 4.0 TIMES OF THE FACE VALUE OF EQUITY SHARES
The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE PLATFORM OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE"). In terms of the Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, Our Company has received an In-Principle approval letter dated March 13, 2018 from NSE for using its name in the Prospectus for listing of our equity shares on the SME Platfom of NSE. For the purpose of this Issue, the designated Stock Exchange will be National Stock Exchange of India Limited.
The Issue has received 5110applications for 45441000 Equity shares (Before Technical Rejections but after bids not banked, invalid duplicate and invalid multiple bids) including Market Maker Application of 2,22,000 Equity Shares. The issue was subscribed to the extent of 10.62 times as per the application data (Before Technical Rejections but after bids not banked, invalid duplicate and invalid multiple bids). After considering the technical rejections cases, the issue was subscribed 10.52 times.
Details of Application Received (Before Technical Rejections but after bids not banked, invalid duplicate and invalid multiple bids):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited onApril 10, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with the NSE. The category was subscribed by 1 times. The total number of shares allotted in this category is 2,22,000 Equity shares in full out of reserved portion of 2,22,000 Equity Shares.
B. Allocation to QIBs (After Technical Rejections): Allotment to QIBs, who have bid atthe Issue price of Rs 40/- per equity share, has been done on a proportionate basis in consultation with the NSE. This category has been subscnbed to the extent of 1.42 times of the QIB Portion. As per SEBI Regulations, Mutual funds were to be allotted 5% of the QIB portion available i.e. 71,100 equity shares. Accordingly, 69,000 equity shares were allotted after rounding off the lot size and remaining shares available i.e. 13,53,000 equity shares were allotted to QIBs including unsatisfied demand in Mutual Fund Portion on a proportionate basis to 6 successful QIB Bidders.
C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis ofAllotment to the Retail Individual Investors, at the issue price of Rs 40/-per Equity Share, was finalized in consultation with the NSE.The category was subscribed by 10.20 times. Total number of shares allotted in this category is 14,40,000 Equity Shares. The category wise basis of allotment is as under:
D. Allocation to Non Retail Investors (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with the NSE. The category was subscribed by 23.51 times. Total number of shares allotted in this category is 11,94,000 Equity Shares. The category wise basis of allotmentis as under:
Please note: Additional Lot of 3000 Shares given in applied shares category of 99000, 111000, 120000, 126000, 249000, 624000, 750000 and 1248000 Equity Shares after proportionate allocation of Equity Shares.
The Board of Directors of the Company at its meeting held on April 11, 2018 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. National Stock Exchange of India 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 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 LEVELOF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF S.S. INFRASTRUCTURE DEVELOPMENT CONSULTANTS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus of S.S. INFRASTRUCTURE DEVELOPMENT CONSULTANTS LIMITED.