|Basis of Allotment|
|(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)|
|PARSHVA ENTERPRISES LIMITED|
|Corporate Identification Number: U51909MH2017PLC297910|
Our Company was originally incorporated as a public limited company under the Companies Act, 2013 pursuant to a certificate of incorporation issued by the Registrar of Companies, dated July 27, 2017 with the name 'Parshva Enterprises Limited'. For details of changes in registered office please refer 'History and Certain Other Corporate Matters' on page 73 of the Prospectus.
|Registered Office: 811, A Wing, Jaswanti Allied Business Centre, Ramchandra Lane Extn. Malad West, Mumbai - 400064, Maharashtra, India|
|Tel: +91 22 4972 9700 | Website: www.parshvaenterprises.co.in | E-mail: email@example.com|
|Contact Person: Sneha Y. Shah, Company Secretary and Compliance Officer|
|PROMOTER OF THE COMPANY: PRASHANT A. VORA|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF 8,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH OF PARSHVA ENTERPRISES LIMITED ( "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 364.50 LAKHS ("THE ISSUE"). OF THE ISSUE, 42,000 EQUITY SHARES AGGREGATING TO RS. 18.90 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 7,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 45 PER EQUITY SHARE AGGREGATING TO RS. 345.60 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.91% AND 25.51%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE 133 OF THE PROSPECTUS.
|THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE OF RS. 45 IS 4.5 TIMES OF THE FACE VALUE|
|ISSUE OPENED ON JUNE 19, 2019 AND CLOSED ON JUNE 21, 2019|
|PROPOSED LISTING: MONDAY, JULY 01, 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 (ICOR) Regulations, as amended from time to time. Our Company has received an approval letter dated May 21, 2019 from BSE Limited ("BSE") for using its name in the Offer Document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced on or about MONDAY, JULY 01, 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"). 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 138 of the Prospectus.
The Issue has received 107 applications (after removing applications not banked) for 9,03,000 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) are as follows:
Detail of the Applications Received (Before Technical Rejection)
|Category||No. of Applications||%||No. of Equity Shares||%||Subscription|
|Retail Individual Investors||90||84.11%||270000||29.90%||0.70|
|Non Retail Investors||16||14.95%||591000||65.45%||1.54|
The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below:
TECHNICAL REJECTION / WITHDRAWAL
|Category||No. of Applications||No. of Equity Shares|
|Retail Individual Investors||1||3,000|
|Non Retail Investors||Nil||Nil|
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
|Category||Number of Applications||%||No. of Equity Shares||%||Subscription||Proportionate No. Of Equity Shares (Allocated) After Rounding Off|
|Retail Individual Investors||89||83.96%||267000||29.67%||1.000||267000|
|Non Retail Investors||16||15.09%||591000||65.67%||1.180||501000|
*The under subscribed portion of 1,17,000 Equity shares from Retail Investors Category have been spilled over to Non Retail Investors Category.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on June 26, 2018.
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 42,000 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. 45 per Equity Share, was finalized in consultation with BSE. The total number of shares allotted in this category is 2,67,000 Equity Shares to 89 successful applicants. The Category-wise details of the Basis of Allotment are as under:|
The Category-wise details of the Basis of Allotment are as under:
|No. of Shares applied for (Category wise)||No. of Applications Receives||% to total||Total No. of Shares Applied in each category||% of total||Proportionate Shares Available||Allocation Per Applicant Before Rounding Off||Allocation Per Applicant After Rounding Off||Ratio of Allottees to Applicants||Total No. of 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. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.180 times. The total number of shares allotted in this category is 5,01,000 Equity Shares.|
The Category-wise details of the Basis of Allotment are as under:
|No. of Shares applied for (Category wise)||No. of Applications Receives||% to total||Total No. of Shares Applied in each category||% of total||Proportionate Shares Available||Allocation Per Applicant Before Rounding Off||Allocation Per Applicant After Rounding Off||Ratio of Allottees to Applicants||Total No. of Shares Allotted||Surplus/Defecit|
The Board of Directors of the Company at its meeting held on June 26, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer 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 about June 28, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to June 27, 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 June 12, 2019 ("Prospectus").
INVESTOR 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:
|BIGSHARE SERVICES PRIVATE LIMITED|
|1st floor, Bharat Tin Works Building, Opp. Vasant Oasis,|
|Makwana Road, Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India|
|Tel. No.: +91 22 6263 8200 | Fax No.: +91 22 6263 8299|
|Email: firstname.lastname@example.org | Website: www.bigshareonline.com|
|For PARSHVA ENTERPRISES LIMITED|
|On behalf of the Board of Directors|
|Date: June27, 2019||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 PARSHVA ENTERPRISES LIMITED.