|Basis of Allotment|
|(This is only an advertisement for information purposes and not a prospectus announcement.)|
|V R FILMS & STUDIOS LIMITED|
Our Company was incorporated as "V R Films & Studios Private Limited" under the provisions of The Companies Act, 1956 vide Certificate of Incorporation dated December 31, 2007 issued by the Registrar of Companies, Mumbai bearing Registration Number 177175 of 2007. Our Company has taken over the running business of M/s Visual Reality, a proprietorship concern of one of our Promoter vide Business Takeover Agreement dated December 31, 2007. The name of our Company was subsequently changed to V R Films & Studios Limited'' pursuant to special resolution passed by the Shareholders at its Extra Ordinary General Meeting held on February 22, 2019 and a fresh certificate of incorporation consequent upon conversion from Private Company to Public Company was issued by the Registrar of Companies, Mumbai dated March 11, 2019 bearing Corporate identity Number U92100MH2007PLC177175. For further details please refer to chapter titled "History and Certain Corporate Matters'' beginning on page 114 of the Prospectus.
|Registered Office: 19, Chhadva Apartments, Sion-Trombay Road, Chembur, Mumbai - 400071, India | Tel: (022) 25273841|
|Website: www.vrfilms.in | E-mail: firstname.lastname@example.org | CIN: U92100MH2007PLC177175 | Contact Person: Mr. Prasad Jagannath Sawant, Chief Financial Officer|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC ISSUE OF 3,72,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (THE "EQUITY SHARES") OF V R FILMS & STUDIOS LIMITED ("OUR COMPANY" OR "VRFSL" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs 61 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 51 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs 226.92 LAKHS ("THE ISSUE") OF WHICH 20,000 EQUITY SHARES AGGREGATING TO Rs 12.20 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 3,52,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH AT AN ISSUE PRICE OF Rs 61 PER EQUITY SHARE AGGREGATING TO Rs 214.72 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.11% AND 25.66%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER CHAPTER TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 204 OF THE PROSPECTUS.
|ISSUE||OPENS ON: FRIDAY, APRIL 12, 2019|
|CLOSES ON: THURSDAY, APRIL 18, 2019|
PROPOSED LISTING: APRIL 30, 2019*
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 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 Limited ("BSE") for using its name in the Offer Document for listing of our shares on the SME Platform of BSE. However investors may refer to the entire Disclaimer Clause of BSE beginning on page 198 of the Prospectus. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about April 30,2019.
* Subject to the receipt of listing and trading approval from the BSE SME Platform.
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").
The issue has received 163 applications for 5,02,000 equity shares resulting in 1.35 times subscription (including reserved portion of Market maker and excluding bids not banked).
The details of applications received in the issue (before technical rejections and excluding bids not banked) are as follows:
|Category||No. of applicants||%||No. of equity shares||%||Subscription (times)|
|Retail Individual Investors||134||82.21||2,68,000||53.39||1.52|
|Other than retail individual Investors||28||17.18||2,14,000||42.63||1.22|
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
|Category||No. of applicants||No. of equity shares|
|Retail Individual Investors||3||6,000|
|Other than retail individual Investors||2||12,000|
After eliminating technically rejected applications, the following table gives us category wise net valid applications:
|Category||No. of applicants||%||Issue Size as per prospectus||No. of valid shares applied||% of Total Applied||Subscription (times)|
|Retail Individual Investors||131||82.91||1,76,000||2,62,000||54.13||1.49|
|Other than retail individual Investors||26||16.46||1,76,000||2.02,000||41.74||1.15|
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 24, 2019.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 61 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 20,000 Equity Shares.
|No. of shares applied for (Category wise)||No. of applications received||% to Total||Total No. of 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: RATI01||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 61 per Equity Share, was finalised in consultation with BSE, The category was subscribed by 1.49 times. The total number of shares allotted in this category is 2,00,000 Equity Shares to 100 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 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 applicants (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): Basis of Allotment to other than retail individual investors, at the issue price of Rs 61 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.15 times. The total number of shares allotted in this category is 1,52,000 Equity Shares to 26 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 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: RATI01||Ratio of allottees to applicants: RATIO 2||Number of successful applicants (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 April 25, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for allotment of the Equity Shares to various successful applicants.
The Refund / allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or before April 30, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to April 25, 2019. 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 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 meaning assigned to them in the Prospectus dated April 03, 2019 ("Prospectus").
In terms of Prospectus dated April 03, 2019 and as per Regulation 253 of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual Investors as the case may be. The balance Net Issue of shares to the public shall be made available for allotment to b) individual applicants other than retail investors and other investors including corporate bodies / institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue 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. Explanation: Chapter IX, part VIII (253) of SEBI (ICDR) Regulation, 2018. if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue LINK INTIME INDIA PRIVATE LIMITED at www.linkintime.co.in. 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.
|LINK INTIME INDIA PRIVATE LIMITED|
|C - 101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West),|
|Mumbai - 400 083, Maharashtra, India|
|Tel:+(022) 49186200 | Email: email@example.com | Website: www.linkintime.co.in|
|Contact Person: Shanti Gopalkrishnan | SEBI Registration Number: INR000004058|
|For V R Films & Studios Limited|
|On behalf of the Board of Directors|
|Manish Satprakash Dutt|
|Place: Mumbai||Managing Director|
|Date : April 25,2019||DIN:-01674671|
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 V R FILMS & STUDIOS LIMITED.