| Basis of Allotment |
| (This is only an advertisement for Information purposes and not a Pr`ospectus announcement) | ||
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JINAAM'S DRESS LIMITED | |
| (CIN: U17120GJ2011PLC064247) |
Our Company was originally incorporated as "Jinaam Apparels Private Limited" under me provision of Companies Act, 1956. with a certificate of incorporation issued by me Registrar of Companies, Gujarat, Dadra and Nagar Haveli on March 4, 2011. Subsequently, the name of our Company was changed to "Jinaam Dress Private Limited" and a fresh certificate of incorporation was issued by me Registrar of Companies, Gujarat. Dadra and Nagar Haveli on August 24, 2011. The name of our Company was again changed to "Jinaam's Dress Private Limited" and a fresh certificate of incorporation was issued by me Registrar of Companies, Ahmedabad on May 29, 2017. Our Company was subsequently converted to a public limited company and the name of our Company was changed to our present name "Jinaam's Dress Limited" and a fresh certificate of incorporation consequent upon conversion was issued by Registrar of Companies, Ahmedabad on May 28, 2018
| Registered Office: Plot No. 524, Road No. 5, GIDC, Sachin, Surat 394 230. Gujarat. India; |
| Tel.: 0261 -2398505; E-mail: cs@jinaamdresses.com; Website: www.jinaam.com; Corporate Identity Number: U17120GJ2011PLC064247; |
| Contact Person: Mr. Nitinkumar Nanjibhai Maniya, Company Secretary & Compliance Officer |
| PROMOTER OF OUR COMPANY: MR. RAHUL HEMRAJ OSWAL MR. VISHAL HEMRAJ OSWAL AND MR. PRITAM HEMRAJ OSWAL |
Our Company has filed the Prospectus dated April 2, 2019 with the ROC, Ahmedabad and the Equity Shares are proposed to be listed on SME platform of BSE Limited ("BSE") and trading is expected to commence on or about April 25, 2019.
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 72,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF JINAAMS DRESS LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 59, - PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 49, - PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING UPTO Rs. 4,248 LAKHS (THE "ISSUE") OF WHICH 3,60,000 EQUITY SHARES OF FACE VALUE Rs. 10/-EACH FOR CASH AT A PRICE OF Rs. 59 PER EQUITY SHARE AGGREGATING Rs. 212.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 68,40,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 59 PER EQUITY SHARE. AGGREGATING 4,035.60 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.31 % AND 30.70 %. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10.00 EACH AND THE ISSUE PRICE IS Rs. 59.00 EACH |
| THE ISSUE PRICE IS 5.9 TIMES OF THE FACE VALUE. |
| RISKS TO INVESTORS: |
| 1. | The average cost of acquisition of equity shares of our Promoters Mr. Rahul Hemraj Oswal is Rs. 9.79 per equity share, Mr. Pritam Hemraj Oswal is Rs. 4.19 per equity share and Mr. Vishal Hemraj Oswal is Rs. 12.29 per equity share. |
| 2. | The weighted average return on net worth for the last 3 financial years is 18.62 % on restated financials. |
| OPENED ON: TUESDAY, APRIL 9, 2019 |
| CLOSED ON: MONDAY, APRIL 15, 2019 |
The Equity Shares of our Company offered through Prospectus dated April 2, 2019 are proposed to be listed on SME Platform of BSE Limited ("BSE"), in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an approval letter dated March 25, 2019 from BSE for using its name in this offer document for listing our shares on the SME Platform of BSE. For the purpose of this Issue, SME Platform of BSE Limited will be the Designated Stock Exchange.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") and UNIFIED PAYMENT INTERFACE ("UPI") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
SUBSCRIPTION DETAILS
The issue has received 1,909 applications for 80,12,000 Equity Shares resulting in 1.11 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections, but after bids not banked, invalid duplicate, invalid multiple bids) are as follows:
Detail of the Applications Received (Before Technical Rejection):
| Category | Number of Application(s) | % to Total | Number of Equity Shares | % to Total | Subscription (Times) |
| Market Maker | 1 | 0.05 | 3,60,000 | 4.49 | 1 00 |
| Retail | 1,792 | 93.87 | 35,84,000 | 44.73 | 1.05 |
| Non-Retail | 116 | 6.08 | 40.68,000 | 50.77 | 1.19 |
| Total | 1,909 | 100.00 | 80,12,000 | 100 | 1.11 |
After eliminating technically rejected applications, the following tables gives us category wise net valid applications:
| Category | Number of Applications | % to Total | Issue Size (as per Prospectus) | Proportionate Issue Size (After rounding off) | No. of Valid Shares applied | % of Total Applied | Subscription (Times) | Revised Subscription (Times) |
| Market Maker | 1 | 0.05 | 3,60,000 | 3.60,000 | 3,60.000 | 4.51 | 1.00 | 1.00 |
| Non-Retail | 116 | 6.12 | 84,20,000 | 34,20,000 | 40,68,000 | 50.95 | 1.19 | 1.19 |
| Retail | 1,778 | 93.83 | 84,20,000 | 34,20,000 | 35,56,000 | 44.54 | 1.05 | 1.04 |
| Total | 1,895 | 100.00 | 72,00,000 | 72,00,000 | 79,84,000 | 100.00 | 1.11 | 1.11 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -SME Platform of BSE Limited ("BSE") on April 22, 2019.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker at the issue price of Rs. 59.00 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 3,60,000 Equity shares.
The details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Allocation per Applicant | Ratio of allottees to applicants | Total No. of shares allocated/alloted |
| 1 | 3,60,000 | 1 | 100.00 | 3,60,000 | 100.00 | 3,60,000 | 1:1 | 3,60,000 |
| GRAND TOTAL | 1 | 100.00 | 3,60,000 | 100.00 | 3,60,000 | |||
B. Allocation to Retail Category (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Category, at the issue price of Rs. 59.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.04 times i.e. bids received for 35,56,000 Equity Shares. Total number of shares allotted in this category is 34,20,000 Equity Shares to 1,710 successful applicants.
The details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Allocation per Applicant | Ratio of allottees to applicants | Total No. of shares allocated alloted |
| 1 | 2,000 | 1,778 | 100.00 | 35,56,000 | 100.00 | 2,000 | 855:889 | 34,20,000 |
| GRAND TOTAL | 1,778 | 100.00 | 35,56,000 | 100.00 | 34,20,000 | |||
C. Allocation to Non- Retail Category (After Technical Rejections & Withdrawal): The Basis of Allotment to Non-Retail Category at the issue price of Rs 59 00 per Equity Share, was finalized in consultation with BSE The category was subscribed by 1 19 times i e. bids received for 40,60,000 shares The total number of shares allotted in this category is 34,20,000 Equity Shares to 116 successful applicants
The details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Allocation per Applicant | Ratio of allottees to applicants | Total No. of shares allocated/alloted |
| A | 4,000 | 47 | 40.52 | 1,88,000 | 462 | 2,000 | 1:1 | 94,000 |
| 2 | 0.00 | 000 | 2,000 | 32:47 | 64,000 | |||
| 6,000 | 22 | 18.97 | 1,32,000 | 3.24 | 4,000 | 1:1 | 88,000 | |
| 0.00 | 000 | 2,000 | 1:2 | 22,000 | ||||
| 3 | 8,000 | 13 | 11.21 | 1,04,000 | 256 | 6,000 | 1:1 | 78,000 |
| 0.00 | 0.00 | 2,000 | 5:13 | 10,000 | ||||
| 4 | 10,000 | 3 | 2.59 | 30,000 | 0.74 | 8,000 | 1:1 | 24,000 |
| 0.00 | 000 | 2,000 | 1:3 | 2,000 | ||||
| 5 | 12,000 | 1 | 0.86 | 12,000 | 0.29 | 10,000 | 1:1 | 10,000 |
| 6 | 14,000 | 1 | 0.86 | 14,000 | 0.34 | 12,000 | 1:1 | 12,000 |
| 7 | 16,000 | 1 | 0.86 | 16,000 | 0.39 | 14,000 | 1:1 | 14,000 |
| 8 | 18,000 | 1 | 0.86 | 18,000 | 0.44 | 16,000 | 1.1 | 16,000 |
| 9 | 20,000 | 4 | 3.45 | 80,000 | 1.97 | 16,000 | 1:1 | 64,000 |
| 0.00 | 000 | 2,000 | 1:2 | 4,000 | ||||
| 10 | 22,000 | 1 | 0.86 | 22,000 | 054 | 18,330 | 1:1 | 6,000 |
| 11 | 26,000 | 1 | 0.86 | 26,000 | 0.64 | 22,000 | 1:1 | 22,000 |
| 12 | 30,000 | 1 | 0.86 | 30,000 | 0.74 | 26,000 | 1:1 | 26,000 |
| 13 | 32,000 | 1 | 0.86 | 32,000 | 0.79 | 26,000 | 1:1 | 26,000 |
| 14 | 40,000 | 1 | 0.86 | 40,000 | 0.98 | 34,000 | 1:1 | 34,000 |
| 15 | 42,000 | 1 | 0.86 | 42,000 | 1.03 | 36,000 | 1:1 | 36,000 |
| 16 | 44,000 | 2 | 1.72 | 88,000 | 2.16 | 36,000 | 1:1 | 72,000 |
| 0.00 | 0.00 | 2,000 | 1:2 | 2,000 | ||||
| 17 | 50,000 | 4 | 3.45 | 2,00,000 | 4.92 | 42,000 | 1:1 | 1,68,000 |
| 18 | 52,000 | 1 | 0.86 | 52,000 | 1.28 | 44,000 | 1:1 | 44,000 |
| 19 | 68,000 | 1 | 0.86 | 68,000 | 1.67 | 58,000 | 1:1 | 58 000 |
| 20 | 76,000 | 1 | 0.86 | 76,000 | 1.87 | 64,000 | 1:1 | 64,000 |
| 21 | 1,70,000 | 1 | 0.86 | 1,70,000 | 4.18 | 1,42,000 | 1:1 | 1,42,000 |
| 22 | 1,94,000 | 1 | 0.86 | 1,94,000 | 4.77 | 1,62,000 | 1:1 | 1,62,000 |
| 23 | 2,00,000 | 2 | 1.72 | 4,00,000 | 9.83 | 1,68,000 | 1:1 | 3,36,000 |
| 24 | 2,12,000 | 2 | 1.72 | 4,24,000 | 10.42 | 1,78,000 | 1:1 | 3,56,000 |
| 25 | 4,24,000 | 1 | 0.86 | 4,24,000 | 1042 | 3,56,000 | 11 | 3,56,000 |
| 26 | 11,86,000 | 1 | 0.86 | 11,86,000 | 29.15 | 9,96,000 | 1:1 | 9,96,000 |
| GRAND TOTAL | 116 | 100.00 | 40,68,000 | 100.00 | 34,20,000 |
The Board of Directors of the Company at its meeting held on April 22, 2019 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE and at a meeting held on April 22, 2019 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The Refund/allotment advice and/or notices will be forwarded 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 for unblocking the amount will be processed on or before April 24, 2019. 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.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 2, 2019 ("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:
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BIGSHARE SERVICES PRIVATE LIMITED |
| SEBI Registration No: INR000001383 | |
| 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andhen East, Mumbai 400 059 | |
| Tel: 022-6263 8200; Fax: 022-6263 8299, Website: www.bigshareonline.com, | |
| E-Mail: ipo@bigshareonline.com, Contact Person: Mr. Ashok Shetty |
| For Jinaam's Dress Limited | |
| On behalf of the Board of Directors | |
| Sd/- | |
| Date: April 23.2019 | Rahul Hemraj Oswal |
| 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 JINAAM'S DRESS LIMITED
JINAAM'S DRESS LIMITED, is proposing, subject lo applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an Initial public issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad ("ROC") The Prospectus shall be available on the website of SEBI at www.sebi.gov.in, the website of Lead Manager at www smccapitals.com. website of the SME platform of BSE i.e www.bsesme.com and the website of the Issuer Company at www.jinaam.com Investors should note that investment m the equity shares involve a high degree of risk. For details, Investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on the Page 22 of the Prospectus tiled with ROC. The equity shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be issued or sold with the United States or to. or for the account or benefit of "U S persons" (as defined in the Regulation under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.
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