|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement)
RIDINGS CONSULTING ENGINEERS INDIA LTD
The Corporate Identification Number of our Company Is U74899DL1995PLCD75005
Our Company was originally incorporated on December 23,1995 as "Ridings Consulting Engineers India Private Limited" vide Registration no. 55-75005 under the provisions of the Companies Act. 1956 with the Registrar of Companies. N.C T of Delhi and Haryana. Further, Our Company changed its name by deleting "India" word from Company's name consequently name of company was changed from "Ridings Consulting Engineers India Private Limiiad' to "Ridings Consulting Engineers Private Limited' and a fresh certificate of incorporation dated February 09,2009 issued by the Registrar of Companies. N.C.T. of Delhi and Haryana. Furthermore, Our Company has changed its name by adding 'India' word in Company's name & consequently name of company was changed from ' Ridings Consulting Engineers Private Limited" to "Ridings Consulling Engineers India Private Limited" and a fresh certificate of incorporation dated February 22,2011 issued by the Registrar of Companies, N.C.T. of Delhi and Haryana. Further, our Company was converted into Public Limited Company and consequently name of company was changed from "Ridings Consulting Engineers India Private Limited" to "Ridings Consulting Engineers India Limited" vide Spacial resolution passed by tha Shareholders at the Extra-Ordina/y General Meeting held on November 14. 2017 and a fresh certificate of incorporation dated November 24, 2017 issued by the Registrar of Companics, Delhi. For further details please refer to chapter titled "History and Certain Corporate Matters"beginning on page 103 of the Prospectus.
Registered Office: Office No. F-24, First Floor, Pankaj
Grand Plaza, Mayur Vihar-I, Delhi- 110091, India
CONTACT PERSON: MR. ABHISHEK BHARGAV, (COMPANY SECRETARY
& COMPLIANCE OFFICER)
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 36,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (''EQUITY SHARES") OF RIDINGS CONSULTING ENGINEERS INDIA LIMITED ("OUR COMPANY*' OR -ISSUER") FOR CASH AT A PRICE OF RS 18.00 per EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 8.00 PER EQUITY SHARE) ('ISSUE PRICE") AGGREGATING TO RS 655.20 LAKHS ('ISSUE') OF WHICH 1.84.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 13.00 PER EQUITY SHARE, AGGREGATING TO RS 33.12 LAKHS IS RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I, E, ISSUE OF 34,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 00 EACH AT AN ISSUE PRICE OF RS 10.00 PER EQUITY SHARE AGGREGATING TO RS 622.08 LAKHS (IS HEREINAFTER REFERRED TO AS THE ,lNET ISSUE''). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.26% AND 27.78%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 196 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009 (THE "SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FlXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLICIS MADE IN' TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS. 2009, AS AMENDED. FOR FURTHER DETAJLS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE' BEGlNING ON PAGE 204 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10,00 EACH AND THE ISSUE PRICE IS RS 18,00 THE ISSUE PRICE IS 1.8 TIMES OF THE FACE VALUE.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated February 19. 2016 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE Limited ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will he the BSE Limited. The trading is proposed to be commenced on or about March 26,2018.*
*Subject to receipt of listing and trading approvals from BSE Limited,
The issue has received 398 applications for 45,28,000 Equity Shares resulting in 1.24
times subscription (including reserved portion of market maker) The details of the
applications received in the issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange- BSE Limited on March 21,2018.
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the
issue price of Rs 10 per Equity Share, was finalized in consultation with BSE Limited. The
category was subscribed by 1.25 times i.e. for 31,20,000 Equity Shares. Total number of
shares allotted in this category is 24,88,000 Equity Shares to 311 successful applicants.
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections & Withdrawal): The Basis of Allotment to Other than
Retail Individual Investors, at the issue price of Rs 18 per Equity Share, was finalized
in consultation with BSE Limited. The category was subscribed by 1.26 times i.e. for
12,16.000 sheres the total number of shares allotted in this category is 9,68,000 Equity
Shares to 6 successful applicants.
The Board of Directors of the Company at its meeting held on March 21, 2018 has
approved the Basis of Allocation of Equity Shares as approved by the Designated Stock
Exchange viz. BSE Limited and in meeting heled on March 22.2018 has authorized the
corporate action for issue of the Equity Shares to various successful applicants.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue. Skyline Financial Services Private Limited at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole appticants, 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:
SKYLINE FINANCIAL 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 RIDINGS CONSULTING ENGINEERS INDIA LIMITED.