|Basis of Allotment|
|(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)|
|ALPHALOGIC ALPHALOGIC TECHSYS LIMITED|
Our Company was originally incorporated as Alphalogic Inc (Proprietorship firm of Mr. Anshu Goel) at Pune. Maharashtra in the year 2016. With the introduction of two more persons in the business namely Mr. Dhananjay Subhash Goel and Mrs. Neha Anshu Goel on March 17, 2018. we have converted the Proprietorship firm into a Partnership firm. Subsequently we have converted the Partnership firm into a Company in the name and style of Alphalogic Techsys Limited on December 13, 2018 bearing Corporate Identification Number U72501PN2018PLC180757 vide Certificate of Incorporation issued by the Registrar of Companies, Pune. Maharashtra. For further details of change in name and registered office of our Company, please refer to section titled "History and Certain Corporate Matters" beginning on page no 85 of the Prospectus.
|Registered office: 405, Pride Icon, Near Columbia Asia Hospital, Kharadi Bypass Road, Pune, Maharashtra-411014, India Contact Person: Shailesh Gadgil, Company Secretary & Compliance Officer;|
|Tel No.: 0727-6701155. E-Mail ID: email@example.com; Website: www.alphalogicinc.com; CIN: U72501PN2018PLC180757|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC ISSUE OF 7,36,000 EQUITY SHARES OF FACE VALUE OF 710/- EACH ("EQUITY SHARES") OF ALPHALOGIC TECHSYS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 84/-PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 74/-PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 618.24 LAKHS ("THE ISSUE"), OF WHICH 36,800 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 84/- PER EQUITY SHARE, AGGREGATING TO RS. 30.912 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE of 6,99,200 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 84/- PER EQUITY SHARE, AGGREGATING TO RS. 587.328 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51% AND 25.19% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS OFFER IS BEING MADE IN TERMS OF CHAPTER IX OF THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIRMENT) REGULATIONS, 2018 (THE "SEBIICDR REGULATIONS") READ WITH RULE 19(2)(b)(i) OF SCRR AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018.
|THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 84/- EACH. THE ISSUE PRICE IS 8.4 TIMES OF THE FACE VALUE.|
|ISSUE OPENED ON: AUGUST 26, 2019 and CLOSED ON: AUGUST 28, 2019,|
|PROPOSED DATE OF LISTING: SEPTEMBER 05, 2019.|
The Equity Shares offered through Prospectus are proposed to be listed on the BSE Start-up segment under SME Platform of BSE Limited. Our Company has received in-principal approval letter dated August 07, 2019 from BSE for using its name in this offer document for listing of our shares on the BSE Start-up segment under SME Platform of BSE Limited. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced on or about September05, 2019.
*Subject to receipt of listing and trading approvals from the BSE Limited.
The Issue Received 158 applications for 872000 Equity Shares and was subscribed to the extent of 1.18 times before rejection (including reserved portion of Market Maker). After considering invalid bids, bids not banked and Technical rejection cases, the Issue was subscribed 1.07 times (including reserved portion of Market Maker) i.e. 140 applications for 790400 Equity Shares. The details are as under :-
Summary of the Valid Applications Received:
|Sr. No||Category||Gross Application||Less: Rejections||Valid|
|No. of Application||Equity Share||No. of Application||Equity Share||No. of Application||Equity Share|
|1||Retail Individual Applicants||117||187200||12||19200||105||168000|
|2||Non Retail Applicants||40||648000||6||62400||34||585600|
Allocation: The Basis of Allotment ivas finalized in consultation with the Designated Stock Exchange -BSE Limited on August 30, 2019
A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of R. 84/- per Equity Share, was finalised in consultation with BSE Limited The category was subscribed by 1 time. The total number of shares allotted in this category is 36800 Equity shares.
|Sr. No||No. of Shares applied for (Category wise)||Number of applications received||% to total||Total No. of Shares applied in each category||% to total||Proportionate shares available||Allocation per Application||Ratio of allottees to applicants||Serial Number of Qualifying applicants (after rounding off)||Number of successful applicants||% to total||Total No. of Shares allocated/ allotted||% to total||Surplus/ Deficit (7)-(14)|
|Before rounding off||After rounding off|
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0.48 times i.e. for 168000 Equity Shares. Total number of shares allotted in this category is 168000 Equity Shares to 105 successful applicants.
|Sr. No||No. of Shares applied for (Category wise)||Number of applications received||% to total||Total No. of Shares applied in each category||% to total||Proportionate shares available||Allocation per Applicant||Ratio of allottees to applicants||Number of
successful applicants (After
|% to total||Total No. of Shares allocated/ allotted||% to total||Surplus/ Deficit (7)-(14)|
|Before rounding off||After rounding off|
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. 84/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.10 times i.e. for 585600 shares. Total number of shares allotted in this category is 531200 Equity Shares to 34 successful applicants. The category wise details of the Basis of Allotment are as under:
|Sr. No||No. of Shares applied for (Category wise)||Number of applications received||% to total||Total No. of Shares applied in each category||% to total||Proportionate shares available||Allocation per Applicant||Ratio of allottees to applicants||Serial Number of Qualifying applicants (after rounding off)||Number of successful applicants||% to total||Total No. of Shares allocated/ allotted||% to total||Surplus/ Deficit (7)-(14)|
|Before rounding off||After rounding off|
|1600||3||5||1, 3, 4||3||0.00||4800||0.90||4800.00|
|9||20800||1||2.94||20800||3.55||18867 76||18867 76||19200||1||1||1||294||19200||3.61||332.24|
|1600||5||8||2, 4, 5, 7, 8||5||0.00||8000||1.51||8000.00|
The Board of Directors of the company at its meeting held on August 30, 2019 has approved the Basis of Allotment of Equity shares as approved by the Designated stock Exchange viz. BSE Limited and at a meeting held on August 30, 2019 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
In terms of the Prospectus dated August 20, 2019 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage*.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address' email id of the Applicants as registered with the depositories as filled in the application form on or before September 04, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to September 03, 2019. In case the same is not received within 10 days, investors may contact 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 the BSE Start-up segment under 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 meanings assigned to them in the Prospectus dated August 20, 2019 ("Prospectus")
INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, CAMEO CORPORATE SERVICES LIMITED at www.cameoindia.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:
|CAMEO CORPORATE SERVICES LIMITED|
|"Subramanian Building", #1. Club House Road, Chennai-600 002, India. Telephone: +91-44-40020700,28460390; Facsimile: +91-44-2846012|
|Email: firstname.lastname@example.org; Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com;|
|SEBI Registration Number: INR000003753; CIN No: U67120TN1998PLC041613|
|For ALPHALOGIC TECHSYS LIMITED|
|On behalf of the Board of Directors|
|Date: September 03, 2019||Managing Director|
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 ALPHALOGIC TECHSYS LIMITED.