PUBLIC ISSUE OF 23,04,000 EQUITY SHARES OF FACE VALUE OF Rs.10.00 EACH OF NAVODAY ENTERPRISES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 20 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 10 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 460,80 LAKHS ("THE ISSUE"), OF THE ISSUE, 1,20,000 EQUITY SHARES AGGREGATING TO Rs. 24.00 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 21,84,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH AT AN ISSUE PRICE OF Rs. 20 PER EQUITY SHARE AGGREGATING TO Rs. 436.80 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 59.78% AND 56.67%, RESPECTIVELY OF THE POST ISSUE PAIO UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE 138 OF THE PROSPECTUS.

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

a) Minimum fifty percent to retail individual investors: and

b) Remaining to:

i. Other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;

Provided that 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 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 (ICDR) Regulations, as amended from time to time Our Company has received an approval letter dated November 25, 2020 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 THURSDAY, JUNE 24, 2021*.

*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, for Retail individual Investors (individual Investors biding for amount upto Rs.2 Lacs) use of UPI id in Application Form was allowed 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 shah mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments.

The Issue has received 799 applications (after removing applications not banked) for 50,52,000 Equity Shares resulting in 2.19 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)

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
Market Maker	Nil	Nil
Retail Individual Investor's	50	300000
Other Investors	1	12,000
Total	51	312000

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 (Valid)	%	Subscription	Proportionate No. of Equity Shares (Allocated) after Rounding Off*
Market Maker	1	0 13%	1,20,000	2.53%	1,00	1,20,000
Retail Individual Investor's	740	98.93%	44,40,000	93.67%	2.11	21,00,000
Other Investors	7	0.94%	1,80,000	3.80%	2.14	84,000
Total	748	100.00%	47,40,000	100.00%	2.06	23,04,000

In view of the explanation provided under regulations 253 (2) of the SEBI (ICDR) Regulation, 2018, the Retail Category has applied for 96.10% and 3.90% by Non- Retail Investor; accordingly, we have derived the issue size for different categories. Further, owing to rounding off, an additional share has been proportioned to be allotted in retail investors.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on June 22, 2021

A.	Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.20/- 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 1,20,000 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.20/- per Equity Share, was finalized in consultation with BSE. The total number of shares allotted in this category is 21,00,000 Equity Shares to 350 successful applicants,
C.	Allocation to Other Investors (Alter Technical Rejections): The Basis of Allotment to the Other Investors, at the issue price of Rs.20/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.14 times. The total number of shares allotted in this category is 84,000 Equity Shares.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Shares Applied in each category	% to Total	Proportionate Shares Available	Allocation Per Applicant Before Rounding Off to Market Lot	Allocation Per Applicant Alter Rounding Off	Ratio of Allottee's To Applicant	Total No. of Shares Allotted	Surplus/ Deficit
12000	4	57.14	48000	26.67	22400	5600	6000	1:1	24000	1600
18000	1	14.29	18000	10.00	8400	8400	6000	1:1	6000	-2400
24000	1	14.29	24000	13.33	11200	11200	12000	1:1	12000	800
90000	1	14.29	90000	50.00	42000	42000	42000	1:1	42000	0
Total	7	100.00	180000	100.00	84000				84000	0

The Board of Directors of the Company at its meeting held on June 22, 2021 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 23, 2021. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to June 22, 2021. 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 4, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue SATELLITE CORPORATE SERVICES PRIVATE LIMlTED at www.satellitecorporate.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:

	SATELLITE CORPORATE SERVICES PRIVATE LIMITED
	Unit. No 49, Building No, 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd,
	Off Andheri Kurla Road, MTNL Lane, Saki Naka Mumbai - 400 072, Maharashtra, India.
	Tel: +91-22- 28520461/462 | Fax:+91-22- 28511809
	Email Id: service@satellitecorporate.com | Website: www.satellitecorporate.com
	SEBI Registration No: INR000003639
	Contact Person: Michael Monteiro

	For NAVODAY ENTERPRISES LIMITED
Place: Mumbai	On behalf of the Board of Directors Sd-
Date: June 22,2021	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 NAVODAY ENTERPRISES LIMITED.

Close