|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
RAJNISH WELLNESS LIMITED
Our Company was originally incorporated as Rajnish Hot Deals Private Limited on June 13, 2015 with the Registrar of Companies, Maharashtra, Mumbai as private limited Company under the provisions of the Companies Act, 2013. Subsequently our Company was converted into public limited Company pursuant to shareholders resolution passed at the Extra-Ordinary General Meeting held on January 17,2018 and the name of our Company was changed to Rajnish Hot Deals Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Mumbai on February 01,2018. Pursuant to a resolution of our Shareholders passed on February 03,2018, the name of our Company was changed to Rajnish Wellness Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai on February 09,2018. 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 Corporate Structure" beginning on pages 57 and page 129 respectively of the Prospectus.
Registered Office: 610L, 6th Floor, Building No. 3, Navjivan
Commercial Premises Society Limited, Lamington Road, Mumbai Central (East), Mumbai -
PUBLIC ISSUE OF 12,61,200 EQUITY SHARES OF A FACE VALUE OF RS 10/- EACH OF RAJNISH WELLNESS LIMITED ("OUR COMPANY' OR "RWL" OR THE ISSUER") FOR CASH AT A PRICE OF RS. 95/- PER EQUITY SHARE (INCLUDING A SHARE PRMIUM OF RS. 85.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 1198.14 LAKHS (THE ISSUE") OF WHICH 63,600 EQUITY SHARES AT AN ISSUE PRICE OF RS. 95.00 PER EQUITY SHARE AGGREGATING TO RS. 60.42 LAKHS WILL 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 11,97,600 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 95.00 PER EQUITY SHARE AGGREGATING TO RS. 1137.72 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% and 25.62%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated 14th June, 2018 and as per Regulation 43 (4) of SEBI
(ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be
made available to shall be initially made available to Retail Individual Investors as the
case may be. The balance net offer of shares to the public shall be made available for
allotment to a) individual applicants other than retail investors and b) other investors
including corporate bodies/ institutions irrespective of no. of shares applied for. 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 95/- EACH. THE ISSUE PRICE IS 9.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON 25TH JUNE 2018 AND CLOSED ON 29TH JUNE, 2018 (INCLUDING EXTENSION OF ISSUE)
The Equity Shares offered through the Prospectus are proposed to be listed on the
SME platform of BSE Limited ("BSE") in terms of the chapter XB of the SEBI
(ICDR) Regulations, 2009 as amended from time to time, Company has received an approval
letter dated 8th June, 2018, from BSE for using its name in the offer document for listing
of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.
The Issue has received 143 applications for 13,50,000 Equity Shares (Including Market
Maker Application of 63,600 Equity Shares) resulting 1.070 times subscription. Eight (8)
applications of aggregating 14,400 Equity Shares were not banked hence 135 applications
for 13,35,600 Equity Shares (Including Market Maker Application of 63,600 Equity Shares)
resulting 1.059 times subscription was considered. The details of the applications
received in the Issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Details of the Valid Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 4th July, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 95/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 63,600 Equity shares in full out of reserved portion of 63,600 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 95/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.208 times. Total number of shares allotted in this category is 1,24,800 Equity Shares against reserved portion of 5,98,800 Equity Shares and balance 4,74,000 Equity Shares has been spilled over to Non Retail category. The category wise basis of allotment is as under:
C. Allocation to Non Retail investors (After technical Rejections a withdrawal): The basis of Allotment to the Non Retail investors, at the issue price of Rs. 95/- per Equity share, was finalized in consultation with BSE. The category was subscribed by 1.904 times. Total number of shares allotted in this category is 10,72,800 Equity Shares including spill over of 4,74,000 Equity Shares from Retail Category. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 5th July, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares/dispatch of share certificates to various successful applicants. The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 6th July, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 6th July, 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 BSE Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 9th July, 2018 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
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 RAJNISH WELLNESS