Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)

wpe2.jpg (1605 bytes) PARTY CRUISERS LIMITED
(CIN:U63040MH1994PLC083438)

Our Company was originally incorporated as Party Cruisers Private Limited on December 02, 1994 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Maharashtra, Subsequently, the name of the company was changed from "Party Cruisers Private Limited" to "Party Cruisers Limited" under the Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on September 03, 2013 and had obtained fresh certificate of incorporation dated November 13, 2013 issued by the Registrar of Companies, Maharashtra. For details pertaining to the changes of name of our company and change in the registered office, please refer to the chapter titled History and Certain Corporate Matters beginning on page no. 117 of this Prospectus.

Registered Office: 303/304/305, Simran Plaza, Khar 4th Road, Next to Regal Enclave Hotel, Khar (West), Mumbai - 400 052, Maharashtra, India
Email: compfiance@partycajisersindia.com Website: www.partycruisersjndia.com
Contact Person: Ms Namrata Subhashsingh Negi, Company Secretary & Compliance Officer
PROMOTERS OF THE COMPANY: MR. ZUZER HATIM LUCKNOWALA & MRS. RACHANA ZUZER LUCKNOWALA
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 15,20,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF PARTY CRUISERS LIMITEO (OUR "COMPANY" OR "THE ISSUER COMPANY") FOR CASH AT A PRICE Rs. 51/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 41/- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 775.20 LAKHS ("THE ISSUE"), OF WHICH 76,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR A CASH PRICE OF Rs. 51/- PER EQUITY SHARE. AGGREGATING TO Rs. 38.76 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 14,44,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT AN ISSUE PRICE OF Rs. 51/- PER EQUITY SHARE AGGREGATING TO Rs. 736.44 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.14 % AND 25.79 %. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE NO. 209 OF THIS PROSPECTUS.

As per Regulation 253(2) of the SEBI (ICDR) Regulations, as amended, as present issue is a fixed price issue 'the Allocation' in the net issue to the public category shall be made as follows:

a. Minimum fifty percent (50%) To Retail Individual Investors; and
b. Remaining to:
(i) Individual applicants other than retail individual investors; and
(ii) Other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for
c. The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

If the retail individual investor category is entitled to more than fifty per cent on proportionate basis, accordingly the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND
THE ISSUE PRICE OF Rs. 51 IS 5.1 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FEBRUARY 22, 2021 AND CLOSED ON FEBRUARY 25, 2021
PROPOSED LISTING: FRIDAY, MARCH 05, 2021*

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE Platform of NSE Limited ("NSE") in terms of the Chapter IX of the SEBI (ICDR) Regulations, as amended from time to time Our Company has received an approval letter dated February 03,2021 from NSE Limited ("NSE") for using its name in the Offer Document for listing of our shares on the EMERGE Platform of NSE. For the purpose of this Issue. NSE shall be the Designated Stock Exchange. The trading is proposed to be commenced on or about FRIDAY, MARCH 05, 2021*.

*Subject to the receipt of listing and trading approval from the NSE EMERGE 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, for Retail Individual Investors (individual Investors biding for amount upto Rs. 2 Lacs) use of UPI Id in Application Form is mandatory while applying for equity IPOs through Designated Intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants). All Other Category of Investors shall mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.

SUBSCRIPTION DETAILS

The issue has received 738 applications for 16,58,000 Equity Shares resulting in 1.0908 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical reactions) are as follows:

Detail of the Applications Received (Before Technical Rejection):

Category Number of Application(s) % to Total Number of Equity Shares % to Total Subscription (Times) Shares as per Prospectus
Market Makers 1 0.13 76,000 4.41 1.00 76,000
Other than Retail individual Investors 29 3.78 1,72,000 9.98 0.24 7,22,000
Retail Individual Investors 738 96.09 14,76,000 85.61 2.04 7,22,000
Total 768 100.00 17,24,000 100.00 1.13 15,20,000

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category No. of Applications No. of Equity Shares
Market Makers 0 0
Retail Individual Investors 29 58,000
Other than Retail Individual Investors 1 8,000
Total 30 66,000

Alter eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category Number of Applications % to Total Issue Size (as per Prospectus) Proportionate Issue Size (After rounding off) No. of Valid Shares applied % of Total Applied Subscription (Times) Revised* Subscription (Times)
Market Maker 1 0.14 76,000 76,000 76,000 4.58 1.00 1.00
Other than Retail Individual Investors 28 3.79 7,22,000 1,64,000 1,64,000 9.90 0.23 1.00
Retail Individual Investors 709 9607 7,22,000 12,80,000 14,18,000 85.52 1.96 1.11
Total 738 100.00 15,20,000 15,20,000 16,58,000 100.00 1.09 1.09

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE Limited on Monday: March 01, 2021.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51 per Equity Share, was finalised in consultation with NSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 76,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 51 per Equity Share, was finalized in consultation with NSE Limited. The category was subscribed by 1.96 times i.e. for 14,18,000 Equity Shares. Total number of shares allotted in this category is 12,80,000 Equity Shares to 640 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 Equity Shares applied in this Category %to Total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees To Applicant: Ratio 1 Ratio of Allottee's To Applicant: Ratio 2 Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Equity Shares Surplus/ Deficit
2,000 709 100.00 14,18,000 100 00 12,80,000 1805.36 2000 640 709 640 12,80,000* -

* Includes Spillover of 5,58,000 Equity shares from Other than Retail Individual Investor category.

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the Issue Price of Rs. 51 per Equity Share, was finalized in consultation with NSE Limited. The category v/as subscribed by 0.23 times i.e. for 1,64,000 shares. The total number of shares allotted in this category is 1,64,000 Equity Shares to 28 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 Equity Shares applied in this Category %to Total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottee's To Applicant: Ratio 1 Ratio of Allottee's To Applicant: Ratio 2 Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Equity Shares Surplus/ Deficit
3,34,585 19 67.86 76,000 46.34 3,34,585 17,609.74 4000 1 1 19 76000 (2,58,585)
6,000 2 7.14 12000 7.32 52,829 26414.50 6000 1 1 2 12000 (40,829)
8,000 3 10.71 24,000 14.63 105,659 35219.67 8,000 1 1 3 24000 (81,659)
10,000 2 7.14 20,000 12.20 88,049 44024.50 10,000 1 1 2 20000 (68,049)
12,000 1 3.57 12,000 7.32 52,829 52829.00 12,000 1 1 1 12000 (40,829)
20,000 1 3.57 20,000 12.20 88,049 88049.00 20,000 1 1 1 20000 (68,049)
TOTAL 28 100.00 164,000 100.00 722.000 28 164,000 (558,000)*

* Un-subscribed portion of 5,58,000 Equity Shares spill-over to Retail Category.

The Board of Directors of the Company at its meeting held on March 01, 2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE 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 before March 03, 2021. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before March 03, 2021. 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 line investors may contact at the address given below The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of NSE 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 February 12, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue KFIN Technologies Private Limited at www.kfintech.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:

wpe3.jpg (1518 bytes) KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032
Tel. No.: +91 40 6716 2222 | Fax No.: +91 40 2343 1551 | E-mail: pcl.ipo@kfintech.com
Investor Grievance Email: einward.ris@kfinteh.com | Website: www.wintech.com
Contact Person: Mr .M Murali Krishna SEBI Registration No.: INR000000221
For Party Cruisers Limited
On behalf of the Board of Directors
Sd/-
Place: Mumbai Rachana Lucknowala
Date: March 02, 2021 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 RO JEWELS LIMITED.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") Of any state securities law in United States and may not be Issued or sold within the United States or to or for the account or benefit of. "US persons"(as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.

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