|Basis of Allotment|
|(This is only an advertisement for information purposes and not a prospectus announcement)|
|K.P.I. GLOBAL INFRASTRUCTURE LIMITED|
Our Company was incorporated as "K.PI. Global Infrastructure Limited" on February 01, 2008 under the Companies Act, 1956 in the state of Maharashtra vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Our Company obtained Certificate of Commencement of Business on August 22, 2008 issued by Registrar of Companies, Maharashtra, Mumbai. The Corporate Identity Number of our Company is U40102GJ2008PLC083302. For further details on change of the registered office of our Company, kindly refer the chapter titled "History and Corporate Structure" beginning on page 132 of the Prospectus.
|Registered Office: Shop No A-1/2. Firdos Tower, Near Fazal Tower, Adajan Patia, Surat - 395 009, Gujarat, India.; Telephone: +91-261-2764757, Fax: +91-261-2764757, E-mail: email@example.com|
|Website: www.kpiglobal.kpgroup.co; Contact Person: Ms. Rajvi Upadhyay, Company Secretary and Compliance Officer; E-mail: firstname.lastname@example.org|
|PROMOTER OF OUR COMPANY: MR. FARUK G. PATEL|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC OFFER OF UP TO 49,92,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF K.RI. GLOBAL INFRASTRUCTURE LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 80 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 70 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING UP TO Rs. 3,993.60 LAKH (THE "ISSUE") OF WHICH 2,49,600 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 80 PER EQUITY SHARE AGGREGATING TO Rs. 199.68 LAKH RESERVEO FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. 47,42,400 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 80 PER EQUITY SHARE, AGGREGATING TO Rs. 3,793.92 LAKH IS HEREINAFTER REFERREO TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.63% AND 26.25%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISK TO INVESTORS
|I.||This being the lirst issue of Equity Shares of our Company, there has been no formal market for the Equity Shares of our Company. The face value of the Equity Shares is Rs. 10 each and the Issue Price is 8.00 times the face value of the Equity Shares of our Company. The Issue Price should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed on the SME Platform of BSE. No assurance can be given regarding an active and/or sustained trading in the Equity Shares of our Company or regarding the price at which the Equity Shares will be traded after listing.|
|II.||As on the date of the Prospectus, the average cost of acquisition of Equity Shares by our Promoter, Mr. Faruk G. Patel is Rs. 14.85 per Equity Share.|
|FIXED PRICE ISSUE AT Rs. 80 PER EQUITY SHARE|
|THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND THE ISSUE PRICE IS 8.00 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.|
|ISSUE OPENED ON: TUESDAY, JANUARY 8, 2019 AND|
|ISSUE CLOSED ON: FRIDAY, JANUARY 11, 2019|
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the SME Platform of BSE Limited (BSE SME'). in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In - Principle approval letter dated November 19, 2018 from BSE Limited for using its name in the offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue BSE Limited shall be the Designated Stock Exchange.
The Issue has received 15,440 applications for 5,45,21,600 Equity shares (before rejections, before bids not banked but after Invalid Multipla/Duplicate bids) including Market Maker Application of 2,49,600 Equity Shares. The Issue was subscribed to the extent of 10.92 times as per the application data (before rejections, before bids not banked but after Invalid Multipla/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 10.25 times.
The details of application received (including bids not banked but before Technical Rejection and application banked but bids not registered)
Number of Applications
Number of Equity Shares
|Retail Individual Investors||14.801||2,36,81,600||9.99|
The details of applications rejected by the Registrar on technical grounds and Multiple Rejection are detailed below:
Number ot Applications
Number of Equity Shares
|Retail Individual Investors||129||2,06,400|
Detail of the Applications Received (After Technical and Multiple Rejection):
Number of Applications
Number of Equity Shares
|Retail Individual Investors||14.672||2,34,75,200||9.90|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on January 17, 2019.
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 80/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,49,600 Equity shares in full out of reserved portion of 2,49,600 Equity Shares.|
|B.||Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 80/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 9.90 times. Total number of shares allotted in this category is 23,71,200 Equity Shares. The category wise basis of allotment is as under:|
|No. of Shares Applied for (Category wise)||No. of Applications received||% to total||Total No. of Equity Shares applied||% of total||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to the Applicants||Total No. of Equity Shares allotted||Surplus / (Deficit)|
|C.||Allocation to Other Investors (After Technical Rejection): The Basis of Allotment to other Investors, at the issue price of Rs 80/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 11.57 times. Total number of shares allotted in this category is 23,71,200 Equity Shares. The category wise basis of allotment is as under:|
|Sr. No.||No. of Shares Applied for (Category wise)||No. of Applications received||% to total||Total No. of Equity Shares applied||% oftotal||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to the Applicants||Total No. of Equity Shares allotted||% total||Surplus /(Deficit)|
The Board of Directors of the Company at its meeting held on January 18, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered v/ith the depositories / as filled in the application form on or before January 19, 2019. Further, the instructions to SCSBs has been issued on January 18, 2019 for unblocking of funds. The Equity Shares allocated to successful applicants has been credited to their beneficiary accounts on January 18, 2019. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before January 22, 2019 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com . 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:
|Bigshare Services Private Limited|
|1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400059, Maharashtra, India. Telephone: + 91-22-62638200; Fax: +91-22-62638299;|
|Email: email@example.com : Website: www.bigshareonline.com; Investor Grievance Email: firstname.lastname@example.org|
|Contact Person: Mr. Babu Raphael: SEBI Registration Number: INR000001385|
|For K.P.I. GLOBAL INFRASTRUCTURE LIMITED|
|On behalf ot the Board ot Directors|
|Date: January 21, 2019||Faruk G. Patel|
|Place: Surat||Chairman & Managing Director|
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 K.PI. GLOBAL INFRASTRUCTURE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 26, 2018.