|Basis of Allotment|
(This is only an advertisement for information purpose and not a prospectus announcement.)
RUDRABHISHEK ENTERPRISES LIMITED
Our Company was originally incorporated on September 01,1992, in the name and style of "Rudrabhishek Enterprises Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, NCT of Delhi & Haryana. Subsequently, our Company was converted into a public Company pursuant to special resolution passed at the Annual General Meeting of our Company held on September 28,2017 and the name of our Company was changed to "Rudrabhishek Enterprises Limited" and a Fresh Certificate of Incorporation consequent upon conversion from Private Limited to Public Limited Company dated November 03,2017 was issued by the Registrar of Companies, NCT of Delhi & Haryana. The Corporate Identity Number of our Company is U74899DL1992PLC050142.
Registered Office: 820, Antriksha Bhawan, K.G. Marg, New Delhi
PROMOTERS OF THE COMPANY:
PUBLIC ISSUE OF 4569000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF RUDRABHISHEK ENTERPRISES LIMITED ("RUDRABHISHEK" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 41 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS.1873.29 LAKH ("THE ISSUE"), OF WHICH 231000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH FOR CASH AT A PRICE OF RS. 41 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31 PER EQUITY SHARE AGGREGATING TO RS. 94.71 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 4338000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT A PRICE OF RS. 41 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31 PER EQUITY SHARE AGGREGATING TO RS. 1778.58 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.35% AND 25.02% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 07,2018 and as per Regulation 43(4) of SEBI (ICDR)
Regulations, 2009 wherein (a) minimum of 50 % of the Net Offer to Public shall be
initially made available to Retail Individual Investors and (b) The balance net offer of
shares to the public shall be made available for allotment to i) individual applicants
other than retail individual investors and ii) other investors including corporate bodies
or institutions, irrespective of number of specified securities applied for. c) The
unsubscribed portion of the net to any one of the categories specified in (a) or (b)
shall/may be made available for allocation to applicants in the other category, if so
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS.41/- EACH INCLUDING A SHARE PREMIUM OF RS. 31/- PER EQUITY SHARE. THE ISSUE PRICE IS 4.1 TIMES OF THE FACE VALUE. ISSUE OPENED ON FRIDAY, JUNE 29, 2018 AND CLOSED ON THURSDAY, JULY 05, 2018.
The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received In-Principle Approval Letter dated June 06,2018 from NSE for using its name in this offer document forlisting our shares on the Emerge Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be the NSE.
Details of Applications:
The Issue has received 438 applications (before Technical Rejections) for 4596000 Equity Shares (Including Market Maker Application of 231,000 Equity Shares) resulting. 1.00 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Total 8 applications received in Retail Individual Investors Category for 24,000 Shares
which were rejected on technical grounds. Further, there was no withdrawal of application
in any of the category.
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.41/-per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.51 times. Total number of shares allotted in this category is 3,276,000 Equity Shares. The category wise basis of allotment is as under:
Note: This category includes original reservation of 2,169,000 equity shares spill over from retail Investor Category of 1,104,000 equity shares and additional 3000 Equity Shares for the purpose of making allotment of minimum lots as per Regulation 15 of SEBI (ICDR) Regulations, 2009.
The Board of Directors of the Company at its meeting held on July 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 / dispatch of share certificates to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to Self Certified Syndicate Banks were being processed on or before July 12,2018. 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 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 be commenced on or before Friday, July 13, 2018 subject to receipt of final listing and trading approvals from the National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrarto 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:
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 RUDRABHISHEK