| Basis of Allotment |
(This 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 Not for publication or distribution, directly or indirectly outside India.) SOFTTECH ENGINEERS LIMITED Our Company was incorporated as SoftTech Engineers Private Limited under the provisions of Companies Act 1956 vide Certificate of Incorporation dated June 17,1996 at Ahmedabad, Gujarat bearing registration no. 04-29960 of 1996-97. The Registered office of our Company was originally situated at 1008, City Center, A.C. Market, Parle Point, Surat. The Registered office of our Company was subsequently shifted to 1st Floor, Balaji House, Opposite Telephone Exchange, Bajirao Road, Pune -411030, Maharashtra pursuant to a special resolution passed by the shareholders of our Company at its extra-ordinary general meeting held on July 18,2000 and the order passed by the Company Law Board, Western Region Bench, Mumbai dated October 12, 2001. A certificate of registration of the order of the Company Law Board dated October 12,2001 confirming transfer of the registered office from State of Gujarat to the State of Maharashtra was Offerd by the Registrar of Companies, Pune on January 29, 2002. The Registered office of our Company was once again shifted to 259, Butte Patil Complex, Dashbhuja Ganpati, Karve Road, Pune - 411030 pursuant to Board resolution dated May 5, 2003. The Registered office of our Company was once again shifted to 'The Pentagon', Unit No. 5A, Near Satara Road Telephone Exchange, Shahu College Road, Parvati, Pune 411009 pursuant to Board resolution dated September 1,2005. The name of our Company was subsequently changed to Softtech Engineers Limited pursuant to special resolution passed by the shareholders of our Company at the EGM held on February 22,2018 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was Offerd by the RoC, Pune on March 1, 2018. For details of Incorporation, Change in the Name and Registered Office of our Company, please refer to the chapter titled "Our History and Certain Other Corporate Matters" beginning on page 176 of the Prospectus. Registered Office: 'The Pentagon', Unit No. 5A, Near Satara Road
Telephone Exchange, Shahu College Road, Parvati, Pune 411009 Maharashtra, India. PROMOTER OF OUR COMPANY: VIJAY GUPTA BASIS OF ALLOTMENT INITIAL PUBLIC OFFER OF 28,51,200 EQUITY SHARES OF FACE VALUE OF 10/- EACH ("EQUITY SHARES") OF SOFTTECH ENGINEERS LIMITED ("COMPANY" OR "OFFERR") FOR CASH AT A PRICE OF 80/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 70 PER EQUITY SHARE) AGGREGATING RS. 2280.96 LAKHS ("THE OFFER") COMPRISING OF A FRESH OFFER OF 23,71,200 EQUITY SHARES AGGREGATING RS. 1896.96 LAKHS BY THE COMPANY ("FRESH OFFER") AND AN OFFER FOR SALE OF 4,80,000 EQUITY SHARES BY RAJASTHAN TRUSTEE COMPANY PRIVATE LIMITED A/C SME Tech Fund RVCF Trust II (REFERRED TO AS THE "SELLING SHAREHOLDER") AGGREGATING RS. 384.00 LAKHS BY THE SELLING SHAREHOLDER ("OFFER FOR SALE"). THE OFFER COMPRISES OF 1,44,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 80/- PER EQUITY SHARE, AGGREGATING RS. 115.20 LAKHS WHICH WAS 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 27,07,200 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 80/- PER EQUITY SHARE, AGGREGATING RS. 2165.76 Lakhs IS HEREINAFTER REFERED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 30.26% AND 28.73%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. Risks to Investors: I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoter vijay Gupta is Rs. 1.98. II. This being the first public Offer of our Company, there has been no formal market
for the Equity Shares. The face value of the Equity Shares is Rs. 10 each. The Offer Price
is 8.0 times the face value. The Offer Price (determined and justified by our Company and
Selling Shareholder, in consultation with the BRLMs as stated in "Basis for Offer
Price" on page 126 of the Prospectus should not be taken to be indicative of the
market price of the Equity Shares after the Equity Shares are listed. No assurance can be
given regarding an active or sustained trading in the Equity Shares or regarding the price
at which the Equity Shares will be traded after listing. THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH. In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as
amended (the "SCRR") the Offer is being made for at least 25% of the post-Offer
paid-up Equity Share capital of our Company / The Offer is being made in accordance with
Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009, as amended from time to time ("SEBI (ICDR)
Regulations"), wherein 49.94% of the Net Offer was available for allocation on a
proportionate basis to QIBs. 5% of the QIB Portion was available for allocation on a
proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was
available for allocation on a proportionate basis to all QIB Bidders, including Mutual
Funds, subject to valid Bids being received at or above the Offer Price. Further, not less
than 15% of the Net Offer was available for allocation on a proportionate basis to
Non-Institutional Investors and not less than 35% of the Net Offer was available for
allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations,
subject to valid Bids being received at or above the Offer Price. All investors
participated in this Offer mandatorily through the Applications Supported by Blocked
Amount ("ASBA") process by providing details of their respective bank accounts
which will be blocked by SCSBs. For details, please refer to the section titled
"Offer Information" beginning on page 262 of the Prospectus. SUBSCRIPTION DETAILS The Offer has received 26,112 applications for 8,56,83,200 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,44,000 Equity Shares. The Offer was subscribed to the extent of 29.30 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 28.44 times. The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids)
Final Demand
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on May 08,2018 A. Allocation to Market Maker (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Market Maker, at the Offer price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,44,000 Equity shares in full out of reserved portion of 1,44,000 Equity Shares. B. Allocation to Retail Individual Investors (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Retail Individual Investors, at the Offer price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 40.36 times. Total number of shares allotted in this category is 9,48,800 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Institutional Investor (After Technical Rejection and Multiple Rejections): The Basis of Allotment to Non Institutional Investors, at the Offer price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 100.17 times. Total number of shares allotted in this category is 4,06,400 Equity Shares. The category wise basis of allotment is as under:
D. Allocation to Qualified Institutional Investor (After Technical Rejection and
multiple rejections)
The IPO Commitee of the Board of Directors of the Company at its meeting held on May
09,2018 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. INVESTORS PLEASE NOTE The details of the allotment made will be hosted on the website of the Registrar to the Offer at www.linkintime.co.in. 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: Link Intime India 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 SOFTTECH ENGINEERS
LIMITED. |
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