| 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| (This is only an advertisement for Information purpose This is not a Prospectus announcement and not for publication or distribution.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. | |
|
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:
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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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