|Basis of Allotment|
|(This is only an advertisement for Information purpose and not a Prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India)|
|SUICH INDUSTRIES LIMITED|
Our Company was originally incorporated as "Delhi Fone N Batteries Private Limited'' at Delhi, as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated July 17, 2008 issued by the Assistant Registrar of Companies, National Capital Territory of Delhi and Haryana bearing Corporate Identification Number U51506DL2008PTC181023. Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on February 06, 2018, and the name of our Company was changed to "Suich Industries Limited". A fresh Certificate of Incorporation consequent upon conversion from Private Limited Company to Public Limited Company dated February 21, 2018 was issued by the Registrar of Companies, Delhi. For details of Business, Incorporation, change of name and Register Office of our Company, please refer to chapter titled "Our Business" and "Our History and Certain Other Corporate Matters" beginning on page 101 and 125 of the Prospectus.
|Registered Office & Corporate Office : Plot no - 68, 3rd floor, Block no. 5 W.E.A, Naiwala, Karol Bagh New Delhi-110005, India. Tel. No: 011-45607111|
|E-mail: firstname.lastname@example.org; Website: www.suichgroup.com Corporate Identification Number: U51506DL2008PLC181023 Contact Person: Anuj Kumar Choudhary, Company Secretary and Compliance officer|
|PROMOTERS OF OUR COMPANY: GUNNIT SINGH ALLAGH AND SANCHIT ALLAGH|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC OFFER OF 41,15,200 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF SUICH INDUSTRIES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 75/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 65/- PER EQUITY SHARE) AGGREGATING Rs. 3,086.40 LAKHS (THE "ISSUE"). THE ISSUE INCLUDES A RESERVATION OF 2,08.000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH AT A PRICE OF Rs. 75/- PER EQUITY SHARE AGGREGATING Rs. 156.00 LAKHS 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 39,07,200 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 75/- PER EQUITY SHARE, AGGREGATING f 2,930.40 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 27.00% AND 25.63% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") the Issue has been made for at least 25% of the post- issue paid- up Equity Share capital of our Company. The Issue was made through the Book Building Process, in compliance with Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended the ("SEBIICDR Regulations") wherein no reservation was made for Qualified Institutional Buyers ("QIBs"). Further, 50% of the Net Issue was available for allocation on a proportionate basis to Non-lnstitutional Investors and 50% of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. For further details please refer the section titled Issue Information' beginning on page 187 of the Prospectus. In terms of SEBI Circular No. CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, all the investors (except Anchor Investors) applying in a public Issue were required to use only Application Supported by Blocked Amount (ASBA) process for application providing details of the bank account which will be blocked by the Self Certified Syndicate Banks (SCSBs) for the same. Further, pursuant to SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 01, 2018, Retail Individual Investors applying in public issue were required to use either Application Supported by Blocked Amount (ASBA) facility for making application or also can use UPI (Unified Payment Interface) as a payment mechanism with Application Supported by Blocked Amount for making application. For details in this regards, specific attention are invited to the chapter titled "Issue Procedure" beginning on page 195 of the Prospectus.
|RISKS TO INVESTORS:|
|I.||This being the first public issue of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs. 10 each. The Issue Price as stated in "Basis for Issue Price" on page 78 of Prospectus should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed on SME Platform of BSE Limited. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.|
|II.||As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Gunnit Singh Allagh is Rs. 12.64 and Sanchit Allagh is Rs. 10.64.|
|THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.|
|THE ISSUE PRICE IS RS. 75.00/- PER EQUITY SHARES|
|BID/ISSUE OPENED ON: THURSDAY, MAY 30, 2019 AND|
|CLOSED ON: TUESDAY, JUNE 04, 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 April 12, 2019 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 1,874 applications for 54,35,200 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 2,08,000 Equity Shares. The issue was subscribed to the extent of 1.3207 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.15474 times.
The details of application received (Before Technical Rejection but after bids not banked and application banked but bid not registered)
|S.N.||Category||Number of Applications Received||Number of Shares applied for||Amount (Rs.)|
|1||Retail Individual Investors||1757||28,11,200||21,07,84,000|
|2||Non Institutional Investors||75||21,95,200||16,46,36,800|
|PRICE||SHARES||% OF TOTAL||CUMULATIVE TOTAL||CUMULATIVE % OF TOTAL|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on June 10, 2019.
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 75.00/- 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 2,08,000 Equity shares in full out of reserved portion of 2,08,000 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. 75.00/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.41 times. Total number of shares allotted in this category is 23,66,400 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 Shares applied in each category||% to total||Proporti-onate Shares Available||Allocation per Applicant||Ratio of Allottees to the Applicants||Total No. of shares allocated/alloted||% to Total||Surplus/ Deficit|
|Before Rounding off||After Rounding off|
|C.||Allocation to Non Institutional Investor (Atter Technical Rejection): The Basis of Allotment to Non-lnstitutional Investors at the issue price of Rs. 75.00/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0.92 times. Total number of shares allotted in this category is 15,40,800 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 Shares applied in each category||% to total||Proporti onate Shares Available||Allocation per Applicant||Ratio of Allottees to the Applicants||Total No. of shares allocated/alloted||% to Total||Surplus/ Deficit|
|Before Bounding off||After Rounding off|
Please Note: Additional lot of 1600 shares given in applied shares category 3200,4800,6400,8000,16000,132800 after proportionate allocation.
The Board of Directors of the Company at its meeting held on June 10, 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 with the depositories / as filled in the application form on or before June 11, 2019. Further, the instructions to SCSBs has been issued on June 10, 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 BSE Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before 13, 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.linkintime.co.in. 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:
|LINK INTIME INDIA PRIVATE LIMITED|
|C-101,1 st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083, Maharashtra, India|
|Tel: +91 22 4918 6200; Fax: +91 2249186195; Email: email@example.com|
|Website: www.linkintime.co.in; Investor Grievance Id: firstname.lastname@example.org|
|Contact Person: Shanti Gopalkrishnan; SEBI Registration Number: INR000004058|
|For Suich Industries Limited|
|On behalf of the Board of Directors|
|Gunnit Singh Allagh|
|Chairman and Managing Director|
|Date: June 11, 2019|
|Place: New Delhi|
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 DECCAN HEALTH CARE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.