Basis of Allotment

(This is only an advertisement for Information purpose This is not a Prospectus announcement and not for publication or distribution. directly or indirectly outside India.
wpe3B5.jpg (3322 bytes)     CIAN HEALTHCARE LIMITED
Our Company was originally incorporated as "Cian Healthcare Private Limited" at Pune, Maharashtra as a private limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated January 07, 2003 bearing Corporate Identification Number U24233PN2003PTC017563 issued by Registrar of Companies, Pune, Maharashtra. Subsequently, our Company was converted into a pubic limited Company pursuant to special resolution passed by the shareholders at the Extraordinary General Meeting held on November 19, 2018 and fresh certificate of incorporation consequently upon changed name was issued by Registrar of Companies, Pune, Maharashtra dated November 30, 2018 and name of our Company was changed to Cian Healthcare Limited The Corporate Identification Number is U24233PN2003PLC017563. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 52 and 157 respectively of the Prospectus.
Registered Office: Milkat No. 3339, Block No.1, From South Side C.S.No.227/2 + 3A, Harpale Park, Opp Berger Paint, Phursungi, Pune - 412308, Maharashtra, India.; Tel No: 020 41471234/265
Corporate Office : 1st Floor, Premdeep Building, Above Latur Urban Co-op Bank Ltd, A trove Latur Urban Co-op bank Ltd, Lulla Nagar Chowk, Camp-Kondhwa Road, Pune - 411 040, Maharashtra, India. Tel No: 020-41471234 /265 Website: www.cian.co; Email: cs@cian.co; Contact Person: Usha Jaswan, Company Secretary & Compliance Officer
PROMOTERS OF OUR COMPANY : SURAJ ZANWAR AND KAVITA ZANWAR
BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 62,16,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00/- EACH ("EQUITY SHARES") OF CIAN HEALTHCARE LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 61 PER EQUITY SHARE (THE "ISSUE PRICE"). (INCLUDING A PREMUIM OF Rs 51 PER EQUITY SHARE). AGGREGATING Rs 3,791.76 LAKHS ("THE ISSUE"), OF WHICH 3,16,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00/- FOR CASH AT A PRICE OF Rs 61 EACH AGGREGATING Rs 192.76 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 59,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH FOR CASH AT A PRICE OF Rs 61 PER EQUITY SHARE, AGGREGATING TO Rs 3,599.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.61% AND 25.26% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 (THE "SEBI (ICDR) REGULATIONS"). AS AMENDED. IN TERMS OF RULE 19(2)(b)(i) OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED, THIS IS AN ISSUE FOR AT LEAST 25% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS IS BOOK BUILT ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253 OF THE SEBI (ICDR) REGULATIONS. AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE' BEGINNING ON PAGE 287 OFTHIS PROSPECTUS.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share to our Promoters is Rs. 0.83/- each of Suraj Zanwar and Kavita Zanwar.
II. This being the first public issue of our Company, there has been no formal market for our Equity Shares. The face value of the Equity Shares of our Company is Rs 10 and the Issue price of Rs 61 per Equity Share is 6.1 times of the face value. The Issue Price (as determined by our Company in consultation with the Book Running Lead Manager as stated in the chapter titled "Basis for Issue Price" beginning on page 94 of the Prospectus) should not be taken to be indicative of the market price of the Equity Shares after such Equity Shares are listed. No assurance can be given regarding an active and / or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing

In terms of Prospectus dated May 16, 2019 and as per SEBI (ICDR) Regulations. 2018 wherein: minimum 50% of the Net Issue is allocated for Retail Individual Applicants and the balance shall be offered to individual applicants other than Retail Individual Applicants and other investors including corporate bodies or institutions. QIBs and Non- Institutional Applicants. However, if the aggregate demand from the Retail Individual Applicants is less than 50%. then the balance Equity Shares in that portion will be added to the non-retail portion offered to the remaining investors including QIBs and NIls and vice-versa subject to valid Applications being received from them at or above the Issue Price. Additionally, if the Retail Individual Applicants category is entitled to more than fifty per cent on proportionate basis, the Retail Individual Applicants shall be allocated that higher percentage. However, the Application by an Applicant should not exceed the investment limits prescribed under the relevant regulations/Statutory guidelines. Under-subscription, if any, m any category, would be allowed to be met with spill over from any other category or combination of categories, at the discretion of our Company in consultation with the BRLM and the Designated Stock Exchange.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 61/- AND IS 6.1 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: MAY 02, 2019 AND CLOSED ON: MAY 15, 2019

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated March 29, 2019 from BSE Limited for using its name in this 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

SUBSCRIPTION DETAILS

The Issue has received 1057 applications for 73,94,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple / Duplicate bid) including Market Maker Application of 3,16,000 Equity Shares. The issue was subscribed to the extent of 1.19 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 1.09 times.

The details of application received (Before Technical Rejection but after bids not banked and application banked but not registered)

CATEGORY NUMBER OF APPLICATIONS RECEIVED NUMBER OF EQUITY SHARES BID FOR SUBSCRIPTION
Market Maker 1 316000 1.00
Other than Retail Investors 162 4820000 1.63
Retail Individual Investors 854 1708000 0.58
Total 1017 6844000 1.09

Final Demand:

SN. Bid Price No. of Equity Shares % to total Cumulative total % of cumulative total
1 59.00 10000 0.14 10000 0.14
2 60.00 6000 0.08 16000 0.22
3 61.00 3970000 53.69 3986000 53.91
4 62.00 4000 0.05 3990000 53 96
5 63.00 2000 0.03 3992000 53.99
6 64.00 2000 0.03 3994000 54.02
7 65.00 2610000 35.30 6604000 89.32
8 Cut off 790000 10.68 7394000 100.00
Total   7394000 100.00    

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on May 20, 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 Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 3,16,000 Equity shares in full out of reserved portion of 3,16,000 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 Ration of Allottees to the Applicants Total No. of shares allocated/ alloted % to Total Surplus/ Deficit
(1) (2) (3) (4) (5) (6) Before Rounding off (7) After Rounding off (8) (9) (10) (11) (12)
316000 1 100.00 316000 100.00 316000 316000 316000 1 1 316000 100.00 0
GRAND TOTAL 1 100.00 316000 100.00 316000         316000 100.00 0
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 finalized in consultation with BSE Limited. The category was subscribed by 0.55 times. Total number of shares allotted in this category is 1626000 Equity Shares The category wise basis of allotment is 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 Ration of Allottees to the Applicants Total No. of shares allocated/ alloted % to Total Surplus/ Deficit*
(1) (2) (3) (4) (5) (6) Before Rounding off (7) After Rounding off (8) (9) (10) (11) (12)
2000 813 100.00 1626000 100.00 1626000 2000 2000 1 1 1626000 100.00 -1324000
GRAND TOTAL 813 100.00 1626000 100.00 1626000         1626000 100.00 -1324000

*Surplus 1324000 Equity Shares are spillover to Other than Retail Individual Investors.

C. Allocation to Other than Retail Individual Investors (After Technical Rejection): The 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 Limited. The category was subscribed by 1.63 times. Total number of shares allotted in this category is 4274000 Equity Shares. The category wise basis of allotment is as under:
No. of Shares Applied for (Category wise) No. of Applications received % to total Total No. of Shares applied in each % to total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of shares allocated/ alloted % to Total Surplus/ (Deficit)
(1) (2) (3) (4) (5) (6) Before Rounding off (7) After Rounding off (8) (9) (10) (11) (12)
4000 36 22.22 144000 2.99 127688 3546.89 2000 1 1 72000 1.68 -55688
    0.00   0.00     2000 7 9 56000 1 31 56000
6000 37 22.84 222000 4.61 196852 5320.32 4000 1 1 148000 3.46 -48852
    0.00   0.00     2000 24 37 48000 1.12 48000
8000 8 4.94 64000 1.33 56750 7093.75 6000 1 1 48000 1.12 -8750
    0.00   0.00     2000 1 2 8000 0.19 8000
10000 14 8.64 140000 2.90 124141 8867.21 8000 1 1 112000 2.62 -12141
    000   0.00     2000 3 7 12000 0.28 12000
12000 4 2.47 48000 1.00 42563 10640.75 10000 1 1 40000 0.94 -2563
    0.00   0.00     2000 1 4 2000 0.05 2000
14000 6 3.70 84000 1.74 74485 12414.17 12000 1 1 72000 1.68 -2485
    0.00   0.00     2000 1 6 2000 0.05 2000
16000 5 3.09 80000 1.66 70938 14187.6 14000 1 1 70000 1.64 -938
18000 1 0.62 18000 0.37 15961 15961 16000 1 1 16000 0.37 39
20000 18 11.11 360000 7.47 319220 17734.44 16000 1 1 288000 6.74 -31220
    000   0.00     2000 8 9 32000 0.75 32000
22000 1 0.62 22000 0.46 19508 19508 20000 1 1 20000 0.47 492
26000 1 0.62 26000 0.54 23055 23055 24000 1 1 24000 0.56 945
28000 1 0.62 28000 0.58 24828 24828 24000 1 1 24000 0.56 -828
30000 3 1.85 90000 1.87 79805 26601.67 26000 1 1 78000 1.82 -1805
    0.00   0.00     2000 1 3 2000 0.05 2000
38000 1 0.62 38000 0.79 33695 33695 34000 1 1 34000 0.80 305
40000 10 6.17 400000 8.30 354689 35468.9 34000 1 1 340000 7.96 -14689
    0.00   0.00     2000 7 10 14000 0.33 14000
42000 1 0.62 42000 0.87 37242 37242 38000 1 1 38000 0.89 758
50000 1 0.62 50000 1.04 44336 44336 44000 1 1 44000 1.03 -336
62000 2 1.23 124000 2.57 109954 54977 54000 1 1 108000 2.53 -1954
    0.00   0.00     2000 1 2 2000 0.05 2000
66000 1 0.62 66000 1.37 58524 58524 58000 1 1 58000 1.36 -524
68000 1 0.62 68000 1.41 60297 60297 60000 1 1 60000 1.40 -297
80000 1 0.62 80000 1.66 70938 70938 72000 1 1 72000 1.68 1062
150000 1 0.62 150000 3.11 133008 133008 134000 1 1 134000 3.14 992
154000 1 062 154000 3.20 136555 136555 136000 1 1 136000 3.18 -555
160000 2 1.23 320000 6.64 283751 141875.5 142000 1 1 284000 6.64 249
166000 1 0.62 166000 3.44 147196 147196 148000 1 1 148000 3.46 804
200000 1 0.62 200000 4.15 177344 177344 178000 1 1 178000 4.16 656
326000 1 0.62 326000 6.76 289071 289071 290000 1 1 290000 6.79 929
328000 1 0.62 328000 6.80 290845 290845 290000 1 1 290000 6.79 -845
982000 1 0.62 982000 20.37 870761 870761 870000 1 1 870000 20 .36 -761
GRAND TOTAL 162 100.00 4820000 100.00 4274000         4274000 100.00 0

The Board of Directors of the Company at its meeting held on May 21, 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 May 22, 2019, Further, the instructions to SCSBs has been issued on or before May 21, 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 May 23, 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.bigshareonline.com. 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:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059, India
Tel No.: +91 22 62638200;
Fax No.: +9122 62638299
E-mail: ipo@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: Babu Raphael
SEBI Registration No.: INR000001385
Investor Grievance E-mail: investor@bigshareonline.com
For Cian Healthcare Limited
On behalf of the Board of Directors
Sd/-
Suraj Zanwar
Managing Director
Date: May 21, 2019
Place: Pune

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 CIAN HEALTHCARE LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus

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