|Basis of Allotment|
|(This is only an advertisement for information purposes and not a prospectus announcement.)|
|DANGEE DUMS LIMITED|
|Corporate Identification Number: CIN - U55101GJ2010PLC061983|
Our Company was originally incorporated on August 13, 2010 as "Aromen Hospitality Private Limited" vide Registration no. 061983 (CIN: U55101GJ2010PTC061983) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Further, the name of the Company was changed to "Dangee Dums Private Limited" vide Shareholder's Resolution passed at the Extra Ordinary General Meeting of the Company held on 19th June, 2017 and a fresh Certificate of Incorporation dated 30th June, 2017 issued by the Registrar of Companies, Gujarat, Ahmedabad pursuant to change in name of our Company. Later, our Company was converted into Public Limited Company and consequently name of company was changed from "Dangee Dums Private Limited" to "Dangee Dums Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on 01st August, 2017 and a fresh certificate of incorporation dated 24th August, 2017 issued by the Registrar of Companies, Gujarat, Ahmedabad. For details of the changes in our Name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 196 of the Prospectus.
|Registered Office: 4/A, Ketan Society, Nr. Sardar Patel Colony, Naranpura, Ahmedabad - 380 014, Gujarat, India.|
|Tel No: 079-27681878 | E-mail: email@example.com| Website: www.dangeedums.com|
|Contact Person: Mr. Shyamsunder Panchal (Company Secretary & Compliance officer)|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF 27,12,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH OF DANGEE DUMS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 74 PER EQUITY SHARE ("ISSUE PRICE") AGGREGATING TO Rs. 2006.88 LAKHS ("THE ISSUE"), OF WHICH 1,36,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR A CASH PRICE OF Rs. 74 PER EQUITY SHARE. AGGREGATING TO Rs. 100.64 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,76,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT AN ISSUE PRICE OF Rs. 74 PER EQUITY SHARE AGGREGATING TO Rs. 1906.24 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.42 % AND 25.09 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 371 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBIICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 381 OF THE PROSPECTUS.
|THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND|
|THE ISSUE PRICE IS Rs. 74. THE ISSUE PRICE IS 7.4 TIMES OF THE FACE VALUE.|
|ISSUE OPENED ON: MONDAY AUGUST 20, 2018; ISSUE CLOSED ON: FRIDAY AUGUST 24, 2018|
|PROPOSED LISTING: MONDAY, SEPTEMBER 03, 2018|
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of NSE ("NSE EMERGE Platform"). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended, we are required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-principle approval letter dated July 31, 2018 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE. For the purpose of this Issue, the Designated Stock Exchange will be the NSE. The Trading is proposed to be commenced from Monday, September 03, 2018, subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed to participate in the Issue 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").SUBSCRIPTION DETAILS
The issue has received 19,190 applications for 16, 17, 61,600 equity shares resulting in 59.65 times subscription (including reserved portion of Market maker). The details of applications received in the issue (before technical rejections) are as follows:
|Category||No. of Applicants||%||No. of Equity Shares||%||Subscription (Times)|
|Retail Individual Investors||18,811||13,00,97,600||18.61||23.37|
|Other than retail individual Investors||378||1.97||13,15,28,000||81.31||102.12|
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
|Category||No. of Applications||No. of Equity Shares|
|Retail Individual Investors||211||3,37,600|
|Other than retail individual Investors||Nil||Nil|
After eliminating technically rejected applications, the following table gives us category wise net valid applications:
|Category||No. of applicants||Issue Size||No. of valid shares applied||% of Total Applied||Subscription (times)|
|Retail Individual Investors||18,600||12,88,000||2,97,60,000||18.44||23.11|
|Other than retail individual Investors||378||12,88,000||13,15,28,000||81.48||102.12|
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on August 29, 2018
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 74 per Equity Share, was finalized consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,36,000 Equity Shares.|
|No. of shares applied for (Category wise)||No. of Applications received||% To Total||Total No. of Equity Shares applied in each Category||% To Total||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to Applicants: Ratio 1||Ratio of Allottees to Applicants: Ratio 2||Number of Successful Applicant (after rounding off)||Total No. of Shares Allocated/ Allotted||No. of Shares Surplus/Deficit|
|B.||Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 74 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 23.11 times. The total number of shares allotted in this category is 12,88,000 Equity Shares to 805 successful applicants.|
The Ctre as under:
|No. of shares applied for (Category wise)||No. of Applications received||% To Total||Total No. of Equity Shares applied in each Category||%To Total||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to Applicants: Ratio 1||Ratio of Allottees to Applicants: Ratio 2||Number of Successful Applicant (after rounding off)||Total No. of Shares Allocated/ Allotted||No. of Shares Surplus/Deficit|
|C.||Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 74 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 102.12 times. The total number of shares allotted in this category is 12,88,000 Equity Shares to 143 successful applicants.|
The Category-wise details of the Basis of Allotment are as under:
|No. of Shares Applied for (Category wise)||No. of Applications received||% To Total||Total No. of Equity Shares applied in each Category||% To Total||Proportionate Shares Available*||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to Applicants: Ratio 1||Ratio of Allottees to Applicants: Ratio 2||Number of Successful Applicant (after rounding off)||Total No. of Shares Allocated/ Allotted||No. of Shares Surplus/ Deficit|
The Board of Directors of the Company at its meeting held on August 30, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before August 30, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to August 30, 2018. In case the same is not received within ten days, investors may contact Registrar 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 NSE EMERGE Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated August 09, 2018 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue. BIGSHARE 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 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:
|BIGSHARE SERVICES PRIVATE LIMITED|
|1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai -400059. India.|
|Tel. No.: 022 - 62638200 | Website: www.bigshareonline.com | Email: firstname.lastname@example.org|
|Dangee Dums Limited|
|For & on behalf of Board|
|Place: Ahmedabad||Nikul Jagdishchandra Patel|
|Date : August 30, 2018||Managing Director|
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 DANGEE DUMS LIMITED.