|Basis of Allotment|
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 NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.)
KAPSTON FACILITIES MANAGEMENT LIMITED
Our Company was originally incorporated on January 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Andhra Pradesh as "Kapston Facilities Management Private Limited" vide Certificate of Incorporation issued by the Registrar of Companies, Andhra Pradesh. Subsequently, the shareholders of our Company vide special resolution passed at the extra-ordinary general meeting held on January 11, 2018, approved the conversion of our company from Private Limited to Public Limited and the fresh Certificate of Incorporation consequent upon conversion of Company was issued to Kapston Facilities Management Limited on January 29, 2018 by the Registrar of Companies, Hyderabad.
Registered Office: Plot No. 287, MIG-2, IX Phase
KPHB, Kukatpally, Hyderabad - 500072, Telangana.
PROMOTERS OF OUR COMPANY: Srikanth Kodali & Radha Krishna Pinnamaneni
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 23,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF KAPSTON FACILITIES MANAGEMENT LIMITED (THE "KFML" OR "COMPANY") FOR CASH AT A PRICE OF RS 92 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 82 PER EQUITY SHARE (THE "OFFER PRICE"), AGGREGATING TO RS 2119.68 LAKHS ("THE OFFER") CONSISTING OF A FRESH ISSUE OF 11,52,000 EQUITY SHARES AGGREGATING TO RS 1059.84 LAKHS ("FRESH ISSUE") AND AN OFFER FOR SALE OF 11,52,000 EQUITY SHARES, INCLUDING 10,50,070 EQUITY SHARES BY MR. SRIKANTH KODALI AND UPTO 1,01,930 EQUITY SHARES BY MR. RADHA KRISHNA PINNAMANENI ("THE PROMOTER SELLING SHAREHOLDERS") AGGREGATING TO RS 1059.84 LAKHS ("OFFER FOR SALE"), OF WHICH 1,17,600 EQUITY SHARES OF FACE VALUE RS 10 EACH FOR CASH AT A PRICE OF RS 92 PER EQUITY SHARE, AGGREGATING RS 108.19 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 21,86,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.50% AND 25.15% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH
In terms of Prospectus dated March 14, 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies / institutions irrespective of no. of shares applied for.
(c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is 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 "offer Procedure" on page 236 of the Prospectus.
Listing:- The Equity Shares offered through the Prospectus are proposed to be listed on the SME 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 principal approval letter dated March 14, 2018 from NSE for using its name in the offer Document for listing of our Shares on SME Platform of National Stock Exchange of India Limited. The Designated Stock Exchange is SME Emerge Platform of the National Stock Exchange of India Limited (NSE EMERGE)
The Issue has received 1214 applications for 2577600 Equity shares
(Before Technical Rejections) (including Market Maker Application of 117600 Equity Shares)
resulting 1.12 times subscription. After considering, Technical Rejection
cases, the issue was subscribed 1.11 times (including the Market Maker
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 - NSE on March 28, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the offer price of Rs 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1 times. The total number of shares allotted in this category is 117600 Equity Shares in full out of reserved portion of 117600 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 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.222 times. Total number of shares allotted in this category is 1137600 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 offer price of Rs 92 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.96 times. Total number of shares allotted in this category is 10,48,800 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on March 28, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. 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 April 03, 2018. Further, the instructions to SCSBs shall be issued on March 31, 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 SME 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 April 04, 2018 subject to receipt of listing and trading approvals from NSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also 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 KAPSTON FACILITIES MANAGEMENT LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.