|Basis of Allotment|
is a Public Announcement for Information Purposes Only and is not a Prospectus
Announcement and does not Constitute an Invitation or Offer to Acquire, Purchase or
Subscribe to Securities. Not for Release, Publication or Distribution Directly or
Indirectly Outside India)
E2E NETWORKS LIMITED
Our Company was originally incorporated as E2E Networks Private Limited at Faridabad, Haryana as a private limited company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated August 20,2009 bearing Corporate Identification Number U72900HR2009PTC039406 issued by Registrar of Companies, NCT of Delhi and Haryana, Delhi. Consequently, upon the conversion of our Company into public limited company, the name of our Company was changed to "E2E Networks Limited" and fresh Certificate of Incorporation dated March 14,2018 was issued by the Registrar of Companies, NCT of Delhi and Haryana, Delhi. For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History certain corporate matters" beginning on pages 67 and 185 of the Prospectus.
Corporate Identification Number: U72900HR2009PLC039406
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 38,58,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF E2E NETWORKS LIMITED (THE "COMPANY" OR "ISSUER") FOR CASH AT A PRICE RS. 57/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.47/- PER EQUITY SHARE) AGGREGATING RS.2199.06 LAKHS (THE "OFFER"), COMPRISING OF FRESH ISSUE OF 27,50,000 EQUITY SHARES AGGREGATING UPTO RS. 1567.50 LAKHS ("FRESH ISSUE") AND AN OFFER FOR SALE OF 11,08,000 EQUITY SHARES AGGREGATING UPTO RS. 631.56 LAKHS COMPRISING 1,14,297 EQUITY SHARES BY MANJIT RAI DUA, 1,25,567 EQUITY SHARES BY SHAILLY DUA, 1,25,567 EQUITY SHARES BY SUCHINTA BAWEJA, 5,16,548 EQUITY SHARES BY IL&FS TRUST COMPANY LIMITED-TRUSTEE BLUME VENTURES FUND I AND 2,26,021 EQUITY SHARES BY &FS TRUST COMPANY LIMITED-TRUSTEE BLUME VENTURES FUND IA (COLLECTIVELY REFERRED TO AS "SELLING SHAREHOLDERS").THE EQUITY SHARES ARE OFFERED BY THE SELLING SHARE HOLDERS ("OFFER FOR SALE")T0 GETHER WITH THE FRESH ISSUE ("THE OFFER"). THE OFFER COMPRISES OF 1,94,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 110.58 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 36,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 2088.48 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.08% AND 25.72% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
The offer is being in terms of Chapter X-B of the SEBI (ICDR) Regulations,2009 as amended from time to time. For Further details see" offer related Information" beginning on page 290 of the prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/-
PROPOSED LISTING: TUESDAY, MAY 15,2018
The Equity Shares offered through the Prospectus are proposed to be listed on the
Emerge Platform of National Stock Exchange of India Limited. The company has received an
in-principle approval letter dated April 12,2018 from NSE for using its name in the offer
document for listing of its shares on NSE Emerge Plat form.For the purpose of this Offer,
the Designated Stock Exchange will be the National Stock Exchange of India Limited. The
trading is proposed to be announced with effect from Tuesday, May 15,2018*
All Applicants participated in the Offer 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 offer has received 12,884 applications for 271,098,000 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,94,000 Equity Shares. The offer was subscribed to the extent of 70.20 times as per the application data (before technical rejection, multiple rejections, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the offer was subscribed 60.07times. The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids) Details of the Applications Received and Banked (Before Technical Rejections):
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical Rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications
*As per Regulations 43(4) of SEBI (ICDR) Regulations, if retail individual
investor category is entitled to more than fifty percent on the proportionate basis, the
retail individual investor category should be allocated tat higher percentage.
A. Allocation to Market Maker (After Technical Rejections):
B. Allocation to Retail Individual Investors (After Technical Rejections):
C. Allocation to Other than Retail Individual Investors (After Technical
The Board of Directors of the Company at its meeting held on May 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 has authorized the corporate action for
the transfer of the Equity Shares to various successful applicants. The Allotment cum
refund advice and/or notices will be dispatched to the address of the Applicants as
registered with the depositories. Further, the instructions to SCSBs have been issued on
May 11,2018 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 Offer 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 Offer. The trading is proposed to commence on or
before May 15,2018 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 All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, 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:
LINK INTIME INDIA PRIVATE LIMITED
THE 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 THE E2E NETWORKS LIMITED.