|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 Not for publication or distribution, directly or indirectly outside India.)
SHREE VASU LOGISTICS LIMITED
Our Company was originally incorporated as 'Shree Vasu Logistics Private Limited' at Raipur, Chhattisgarh as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated March 21,2007 bearing Corporate Identification Number U51109CT2007PTC020232 issued by Registrar of Companies, Madhya Pradesh and Chattisgarh. Subsequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on January 18,2018 and the name of our Company was changed to Shree Vasu Logistics Limited vide a fresh certificate of incorporation dated February 06, 2018, issued by Registrar of Companies, Chhattisgarh. The Corporate Identification Number of our Company is U51109CT2007PLC020232. 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 62 and page 132 of the Prospectus.
Registered Office: Logistics Park, Opp. Jaika
Automobiles, Ring Road No. 1 Raipur 492001, Chhattisgarh, India.
PROMOTERS OF OUR COMPAMY: ATUL GARG AND SHREE BHUSHAN GARG
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 20,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF SHREE VASU LOGISTICS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 35/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 928.80 LAKHS ("THE ISSUE"), OF WHICH 1,08,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 48.60 LAKHS WILL BE 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 19,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 880.20 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.00% AND 25.59% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
Risk to Investors:
I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Atul Garg is Rs. 1.97 and Shree Bhushan Garg is Rs. 2.20. In terms of Prospectus dated May 09,2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:
a) 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
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 Issue through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 208 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH. THE ISSUE
PRICE OF RS. 45.00 IS
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 April 16,2018 from National Stock Exchange of India Limited for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, the National Stock Exchange of India Limited shall be the Designated Stock Exchange.
The Issue has received 309 applications for 28,62,000 Equity shares (Before Technical
Rejections but after Bids not Banked and Invalid Duplicate Bids, Bid not registered)
(including Market Maker Application of 1,08,000 Equity Shares) resulting 1.386 times
subscription. After considering, Technical Rejection cases, the issue was subscribed 1.363
times (including the Market Maker Portion).
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
*the under subscribed portion of 1,92,000 Equity Shares from retail individual investors category have been spilled over to Non retail Individual Investors category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on May 30, 2018
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,08,000 Equity shares in full out of reserved portion of 1,08,000 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. 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.80 times. Total number of shares allotted in this category are 7,86,000 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 issue price of Rs 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.64 times. Total number of shares allotted in this category is 11,70,000 Equity Shares. The category wise basis of allotment is as under:
* Please note: Additional lot of 3000 shares given in applied shares category 12000,30000 and 45000 after proportionate allocation.
The Board of Directors of the Company at its meeting held on May 31, 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. 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 04, 2018. Further the instructions to the SCSBs have been issued on May 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 EMERGE Platform of the 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 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 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 atthe 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 SHREE VASU LOGISTICS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.