|Basis of Allotment|
This is only an advertisement for irformation Purposes and not a prospectus announcement
POWERFUL TECHNOLOGIES LIMITED
Our Company was incorporated as Powerful Technologies Private Limited under the provisions of the Companies Act, 2013 vide certificate of incorporation dated February 26,2015. issued by Registrar of Companies, NCT of Delhi & Haryana. Subsequently, the name of the Company was changed to Powerful Technologies Limited pursuant to conversion into a public company vide shareholder's approval dated February 12, 2018 and vide fresh certificate of incorporation dated February 26, 2018, issued by Registrar of Companies, NCT of Delhi & Haryana. For further details please rcfer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 128 of the Prospectus.
Register Office G1 Prakash Chamber Ground Floor, 6
Netaji Subash Marg, Darya Ganj New Delhi 110002. Corporate Office &
Manufacturing Unit A-181, Sector - 63, Gautam Buddha Nagar , Noida 201301 Uttar
OUR PROMOTERS: Mr. Aditya Gupta, Mrs. Karuna Chhabra and Mr. Nitin Chhabra
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 26,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID UP OF POWERFUL TECHNOLOGIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT APRICE OF RS. 51/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE AGGREGATlNG TO RS. 1354.56 LAKHS (THE "ISSUE") BY OUR COMPANY OF WHICH 1,34,000 EQUITY SHARES OF FACE VALU E OF RS. 10/- EACH FULLY PAID UP Wl LL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,22,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.50% AND 25.17% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER X-B OF THE SEBI (ICDR) REGULATIONS. 2009 AS AMENDED FROM TIME TO TIME. THIS OFFER IS A FIXED PRICE OFFER AND ALLOCATION IN THE NET OFFER TO THE PUBUC WILL BE MADE IN TERMS OF REGULATION 43(4} OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND THE
ISSUE PRICE IS Rs. 51/- EACH, THE ISSUE PRICE IS 5.1 TIMES OF THE FACE VALUE.
The Equity Shares offered through Prospectus are proposed to be listed on the EMERGE
Platform of National Stock Exchange of india Limited ("NSE"). Our Company has
received an approval letter dated July 24,2018 from NSE for using Its name in this offer
document for listing of ourshares on the EMERGE platform of NSE. For the purpose of this
Issue, the Designated Stock Exchange will be the National Stock Exchange Of India Limited
(NSE Emerge). The trading is proposed to be commenced on or about 28 Augus, 2018.
The Issue Received 32,84,000 shares for 702 applications and was subscribed to the
extent of 1.24 times before technical rejecton, After considering Technical Rejections
cases and Bids not banked of 8,08,000 Shares for 139 applications, the issue was
subscribed 0.924 time. Applications banked but not bidded was for 2 applications of 4000
shares. Since this Issue was fully underwritten, hence Underwriter to the Issue has
subscribed the shortfall of 200000 Shares and accordingly Issue was subscribed to 1.00
Note: Due to technical rejection and bids not banked, the Issue was short by 200000 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 200000 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India limited on August 24, 2018
A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51/- per Equity Share, was finalised in consultation with NSE Emerge. The category was subscribed by 1 times. The total number of shares allotted in this category is 134000 Equity shares
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotmenl to ihe Retail Individual Investors, at the issue price of Rs.51 per Equity Share, was finalized in consultation with NSE Emerge. The category I was subscribed bv 0.853 times i .e. tor 1076000 Eauitv Shares. Total r u nber of shares allotted ir this caleoorv is 1076000 Eauitv Shares tc 538 successful arjofcants.
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 51 per Equity Share, was finalized in consultation with NSE Emerge. The category was subscribed by 0.86 times i.e. for 1246000 shares. Total number of shares allotted in this category is 1246000 Equity Shares to 14 successful applicants.
The category wise details of the Basis of Allotment are as under
D. Allocation to Underwriter (Lead Manager Devolvement}: Due to technical rejection and bids not banked, Hie Issue was short by 200000 Equity Shares, for which devolvoment notice is issued to the underwriter and the underwriter had subscribed these 200000 Equity Shares.
The issue was subscribed to the extent of 0.924 times, Since the issue is fully underwritten, the computation of devolved shares was worked out and accordingly the shortfall was 200000 equity shares aggregating to Rs. 10200000.00 Accordingly, the Issue has received 1 application for 2000000 Shares from the Underwriter to the Issue for which Application Money of Rs. 10200000.00 is received.
The Board of Directors of the company at its meeting held on August 24, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. NSE EMERGE and at a meeting held on August 24, 2018 has authorized the corporats action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allolment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories/as filled in the application form on or before August 27, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to August 27, 2018. In case the same is not received within 10 days, investors may contact at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Plaform of NSE within six working days from the date of the closure of the Issue. The trading is proposed to be commenced on August 26, 2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 25, 2018 ("Prospectus")
INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issuer. Big Share Services Private Limited at www.bigshareonline.com 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 Applicant 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:
Big Share 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 POWERFUL TECHNOLOGIES LIMITED.