| Basis of Allotment |
| (This is a Public Announcement for Information Purposes Only and is not a Prospectus Announcement and does not Constitute an Invitation or Offer to Acquire, Purchase or Subscribe to Securities. Not for Release, Publication or Distribution Directly or Indirectly Outside India) |
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G. K. P. PRINTING & PACKAGING LIMITED | |
| Corporate Identification Number: U21012MH2018PLC307426 |
Our Company was incorporated as "G. K. R Printing & Packaging Limited" at Mumbai, Maharashtra as a Public Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated April 03, 2018 issued by Registrar of Companies, Mumbai Central Registration Centre bearing Corporate Identification Number U21012MH2018PLC307426. Pursuant to a Business Succession Agreement dated April 14, 2018 our Company acquired the business of proprietorship concerns M/s. G. K. Packaging (Erstwhile proprietorship of our promoter Keval Harshad Goradia) and M/s. Pratham Packaging (Erstwhile proprietorship of our promoter Payal Keval Goradia). For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History and Certain other Corporate Matters" beginning on pages 62 and 159 of the Prospectus.
| Registered Office: Unit No 14, Amrit Ind Estate, S. NO. 45, Dhumai Nagar Waliv IP - 12025, Palghar Thane Maharashtra 401208 India |
| Tel. No.: +91 99200 37770; E-mail: gkpackaging@yahoo.com; Website: www.gkpl.in |
| Contact Person: Manoj Valjibhai Ayadi, Company Secretary and Compliance Officer |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 20,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF G. K. P. PRINTING & PACKAGING LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 32/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 22/- PER EQUITY SHARE), AGGREGATING TO RS. 657.92 LAKHS ("THE ISSUE"), OF WHICH 1,04,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 32/- PER EQUITY SHARE, AGGREGATING TO RS. 33.28 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. NET ISSUE OF 19,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 32/- PER EQUITY SHARE, AGGREGATING TO RS. 624.64 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.04% AND 26.62% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
The Issue is being made in terms of Chapter IX of The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation, 2018 as amended from time to time ("SEBI ICDR Regulations"). For Further details see "Issue Information" beginning on page 285 of the prospectus.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 32/- WHICH IS 3.2 TIMES OF THE FACE VALUE OF THE EQUITY SHARES. |
| ISSUE | ISSUE / APPLICATION OPENED ON: APRIL 23, 2019 |
| ISSUE / APPLICATION CLOSED ON: APRIL 26, 2019 |
PROPOSED LISTING: May 08, 2019
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of Bombay Stock exchange Limited. The company has received an In-principle approval letter dated March 25,2019 from BSE for using its name in the offer document for listing of its shares on SME Platform of BSE.
For the purpose of this Issue, the Designated Stock Exchange will be the Bombay Stock Exchange Limited. The trading is proposed to be announced with effect from May 08,2019*
*Subject to receipt of listing and trading approvals from the Bombay Stock Exchange Limited
All Applicants participated 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 391 applications for 30,48,000 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,04,000 Equity Shares. The Issue was subscribed to the extent of 1.4825 times as per the application data (before technical rejection, multiple rejections, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the Issue was subscribed 1.455 times.
The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids)
Details of the Applications Received and Banked (Before Technical Rejections):
| Category | No. of Applications | % to Total | No. of Equity Shares | % to Total | Subscription (Times) |
| Market Maker | 1 | 0.26 | 1,04,000 | 3.44 | 1.00 |
| Retail Individual Investors | 374 | 97.14 | 14,96,000 | 49.47 | 1.533 |
| Other than Retail Individual Investors | 10 | 2.60 | 14,24,000 | 47.09 | 1.459 |
| Total | 385 | 100.00 | 30,24,000 | 100.00 | 1.471 |
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical Rejection)
| Category | No. of Applications | No. of Equity Shares |
| Market Maker | 0 | 0 |
| Retail Individual Investors | 6 | 24,000 |
| Other than Retail Individual Investors | 1 | 8,000 |
| Total | 7 | 32,000 |
After eliminating technically rejected applications, the following tables give us Category wise net valid applications
| Category | No. of Applications | % to Total | Issue Size (as per Prospectus) | Proportionate Issue Size (After Rounding Off) | No. of Valid Shares Applications | Subscription (Times) |
| Market Maker | 1 | 0.26 | 1,04,000 | 1,04,000 | 1,04,000 | 1.00 |
| Retail Individual Investors | 368 | 97.35 | 9,76,000 | 9,96,000 | 14,72,000 | 1.478 |
| Other than Retail Individual Investors | 9 | 2.39 | 9,76,000 | 9,56,000 | 14,16,000 | 1.481 |
| Total | 378 | 100.00 | 20,56,000 | 20,56,000 | 29,92,000 | 1.455 |
*As per Regulations 32(4) of SEBI (ICDR) Regulations, if retail individual investor category is entitled to more than fifty percent on the proportionate basis, the retail individual investor category should be allocated at higher percentage.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE Limited on May 03, 2019
| A. | Allocation to Market Maker (After Technical Rejections): |
| The Basis of Allotment to the Market Maker at the Issue Price of Rs. 32/- per Equity Share was finalized in consultation with BSE Ltd. The Category was subscribed by 1.00 times. The Total number of shares allotted in this category is 1,04,000 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. 32/- per Equity Share was finalized in consultation with BSE Ltd. The Category was subscribed by 1.478 times. The Total number of shares allotted in this category is 9,96,000 Equity Shares to 249 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 | Number of successful applicant (after rounding off) | Total no. of Shares Allocated/ allotted | No. of Shares Surplus/ Deficit |
| 4000 | 368 | 100.00 | 1472,000 | 100.00 | 9,96,000 | 2706.52 | 4000 | 249: 368 | 249 | 9,96,000 | 0 |
| Total | 368 | 100.00 | 14,72,000 | 100.00 | 9,96,000 | 249 | 9,96,000 | 0 |
| C. | Allocation to Other than Retail Individual Investors (After Technical Rejections): |
| The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs.32/- per Equity Share, was finalized in consultation with BSE Ltd. The category was subscribed by 1.481 times. The total number of shares allotted in this category is 9,56,000 Equity Shares to 9 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 | Number of successful applicant (after rounding off) | Total no. of Shares Allocated/ allotted | No. of Shares Surplus/ Deficit |
| 8000 | 3 | 33.33 | 24000 | 1.69 | 16202 | 5400.67 | 4000 | 1 : 1 | 3 | 12000 | -4202 |
| 4000 | 1 : 3 | 4000 | 4000 | ||||||||
| 20000 | 1 | 11.11 | 20000 | 1.41 | 13503 | 13503 | 12000 | 1 : 1 | 1 | 12000 | -1503 |
| 44000 | 1 | 11.11 | 44000 | 3.11 | 29706 | 29706 | 28000 | 1 : 1 | 1 | 28000 | -1706 |
| 76000 | 1 | 11.11 | 76000 | 5.37 | 51311 | 51311 | 52000 | 1 : 1 | 1 | 52000 | 689 |
| 216000 | 1 | 11.11 | 216000 | 15.25 | 145831 | 145831 | 148000 | 1 : 1 | 1 | 148000 | 2169 |
| 388000 | 1 | 11.11 | 388000 | 27.40 | 261955 | 261955 | 264000 | 1 : 1 | 1 | 264000 | 2045 |
| 648000 | 1 | 11.11 | 648000 | 45.76 | 437492 | 437492 | 436000 | 1 : 1 | 1 | 436000 | -1492 |
| TOTAL | 9 | 100.00 | 14,16,000 | 100.00 | 9,56,000 | 9 | 9,56,000 | 0 |
The Board of Directors of the Company at its meeting held on May 04, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. Bombay Stock Exchange Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on May 04, 2019 for unblocking of funds. 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. 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 the Bombay Stock Exchange Limited within six working days from the date of the closure of the Offer. The trading is proposed to commence on or before May 08,2019 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated April 11, 2019 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, at 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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LINK INTIME INDIA PRIVATE LIMITED |
| SEBI Registration Number: INR000004058 | |
| C-101,1st Floor, 247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai 400083 Maharashtra, India | |
| Tel: +91 022 - 49186200: Fax: +91 022 - 49186195: Website: www.linkintime.co.in | |
| Email: gkp.ipo@linkintime.co.in: Investor Grievance id- gkp.ipo@linkintime.co.in | |
| Contact Person: Ms. Shanti Gopalkrishnan |
| For G. K. P Printing & Packaging Limited | |
| On Behalf of the Board of Directors | |
| Place: Mumbai | Sd/- |
| Date: 04.05.2019 | Chairman and 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 G. K. P. PRINTING & PACKAGING LIMITED.
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