|Basis of Allotment|
|(This is only an advertisement for information purpose and 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 Not for publication or distribution, directly or indirectly outside India.)|
|ASHAPURI GOLD ORNAMENT LIMITED|
|Corporate Identification Number: U36910GJ2008PLC054222|
Our Company was originally incorporated as "Ashapuri Gold Ornament Private Limited" as a private limited company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 17, 2008 bearing Corporate Identification Number U36910GJ2008PTC054222 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, our Company was converted into a public limited Company pursuant to a special resolution passed by our shareholders at the EGM held on January 09, 2019 and consequently the name of our Company was changed to Ashapuri Gold Ornament Limited' and a fresh certificate of Incorporation was issued by the Registrar of Companies, Ahmedabad dated January 23, 2019. The CIN of the Company is U36910GJ2008PLC054222. For further details, please refer the chapter titled "History and Certain Corporate Matters" beginning on page. 98 of the Prospectus.
|Registered Office & Corporate Office : 109 to 112A, 1st Floor Supermall, Nr. Lai Bunglow, C.G.Road, Ahmedabad- 380009, Gujarat, India.|
|Tel No: 079-26462170/71; Website: www.ashapurigold.com; E-Mail: email@example.com|
|Contact Person: Mr. Prince Saraf, Company Secretary and Compliance Officer|
|PROMOTERS OF THE COMPANY: MR. SAREMAL SONI, MR. DINESH SONI AND MR. JITENPRA SONI|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF 57,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF ASHAPURI GOLD ORNAMENT LIMITED ("AGOL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 2932.50/- LAKHS ("THE ISSUE"), OF WHICH 2,98,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 41/-PER EQUITY SHARE AGGREGATING TO RS. 151.98/- 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 54,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 51/- PER EQUITY SHARE AGGREGATING TO RS. 2780.52/- LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.00% AND 25.60%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OFTHE ISSUE" BEGINNING ON PAGE 165 OFTHE PROSPECTUS.
THE FACE VALUE OFTHE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 51 EACH.
THE ISSUE PRICE IS 5.1 TIMES OF THE FACE VALUE OF EQUITY SHARE
ISSUE OPENED ON: MARCH 13, 2019 (WEDNESDAY), ISSUE CLOSED ON: MARCH 18, 2019 (MONDAY)
The Equity Shares of the Company offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd ("BSE") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. Our Company has received an in-principle approval from BSE for listing our shares pursuant to letter dated March 05, 2019 for using its name in the offer document for listing of our shares on SME Platform of BSE. For the purpose of the issue BSE Limited will be the Designated Stock Exchange The issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, wherein a minimum 50% of the net issue of shares to retail individual investors and (b) remaining 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; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category. All investors have participated in this offer through ASBA process. Applicants are mandatorily to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process including through UPI mode (as applicable) by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs") For details in this regard, specific attention is invited to titled chapter "Issue Procedure" on page 173 of the Prospectus.
Details of the application
The Issue has received 471 applications (before rejections and Bids not Banked) for 63,42,000 Equity Shares (Including Market Maker Application of 2,98,000 Equity Shares) resulting 1.10 times subscription. The details of the applications received in the Issue (before technical rejections but after Bids not banked) are as follows:
Details of valid Applications Received (Before Technical Rejection):
|Category||Number of Applications||Number of Equity Shares||Subscription Ratio|
|Other than Retail Individual Investor's||118||50,92,000||1.87|
|Retail Individual Investor's||340||6,80,000||0.25|
Details of applications rejected by the Registrar on technical grounds are detailed below :
|Category||Number of Applications||Number of Equity Shares|
|Other than Retail Individual Investor's||1||10,000|
|Retail Individual Investor's||24||48,000|
Details of valid Applications Received (After Technical Rejection):
|Category||Number of Applications||Number of Equity Shares||Subscription||Revise Subscription|
|Other than Retail Individual Investor's||117||50,82,000||1.86||1.05*|
|Retail Individual Investor's||316||6,32,000||0.23||1.00|
* includes original reservation of 27,26,000 Equity shares and spill over from Retail individual Investors Category of 20,94,000 Equity shares.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE Limited ("SME Platform of BSE") on March 22, 2019
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs.51/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,98,000 Equity shares in full out of reserved portion of 2,98,000 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.51 /- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.23 times. Total number of shares allotted in this category is 6,32,000.
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to Total||Total No. of Equity Shares applied||% to 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 Non- Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.51 /- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.05 times. Total number of shares allotted in this category is 48,20,000:
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to Total||Total No. of Equity Shares applied||% to 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|
The Board of Directors of the Company at its meeting held on March 22, 2019 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares in dematerialised form 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 i as filled in the application form on or before March 26, 2019. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to March 26, 2019 for unblocking fund. 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 Ltd within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before March 27, 2019 subject to receipt of listing and trading approvals from the BSE Ltd ('SME Platform of BSE').
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:
|REGISTRAR OF THE ISSUE|
|BIGSHARE SERVICES PRIVATE LIMITED||For, ASHAPURI GOLD ORNAMENT LIMITED|
|1st Floor, Bharat Tin works Building, Opp Vasant Oasis, Makwana Road, Marol, Andheri East,||On behalf of the Board of Directors|
|Mumbai-400059, Tel: +91 022-62638200, Fax: +91 022-62638299, Website: www.bigshareonline.com||Sd/-|
|E-Mail: firstname.lastname@example.org, Contact Person : Babu Raphael, SEBI Reg. No.: INR000001385||Jitendra Soni|
|Place: Ahmedabad||Joint Managing Director|
|Date : March 25, 2019||DIN: 01795752|
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 ASHAPURI GOLD ORNAMENT LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.