| Basis of Allotment |
| (THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT FOR DISTRIBUTION OUTSIDE INDIA.) | |
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JETMALL SPICES AND MASALA LIMITED |
| CIN: U15500TN2012PLC087533 | |
Our company was originally incorporated on September 06, 2012 in Chennai in the name & style of 'Jetmall Spices and Masala Private Limited' and subsequently changed the name to 'Jetmall Spices and Masala Limited' vide a fresh certificate of incorporation dated January 29, 2020 issued by the Registrar of Companies, Chennai. For further details of our Company, please refer "History and Corporate Structure" beginning on page no. 99 of the Prospectus.
| Registered Office: 87A. Govindappa Naicken Street, Sowcarpet, Chennai-600 001. Tamilnadu |
| Tel No: 044-2536 0269 E-mail: jetmallltd@gmail.com Website: www.jetmallltd.com |
| Contact Person: Ms Sheethal Jayandra Mehta (Company Secretary and Compliance Officer) |
| PROMOTER OF THE COMPANY: MR. BHARAT KUMAR PUKHRAJJI |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 24,90,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF JETMALL SPICES AND MASALA LIMITED ("OUR COMPANY" DR "ISSUER") FOR CASH AT A PRICE OF RS. 20.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 10.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 498.00 LAKHS ("ISSUE") OF WHICH 1,26,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR CASH AT PRICE OF RS. 20.00 PER EQUITY SHARE AGGREGATING TO RS. 25.20 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 23,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE DF RS. 20.00 PER EQUITY SHARE AGGREGATING TO RS. 472.80 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 41.55% AND 39.45% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 164 OF THIS PROSPECTUS.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS.20.00 EACH. |
| THE ISSUE PRICE IS 2.00 TIMES OF THE FACE VALUE OF ISSUE PRICE |
| ISSUE OPENED ON: MARCH 31, 2021 AND ISSUE CLOSED ON: APRIL 07, 2021 |
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE") in terms of the Chapter IX of the SEBI ICDR Regulation, 2018 as amended from time to time. Our Company has received an in-principle approval letter dated March 08, 2021 from BSE for using its name in this Offer Document for listing of shares on the BSE Limited ("BSE"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited in Terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRA") the Issue has been made for at least 25% of the Post- Issue paid up Equity Capital of the Company. This Issue is a Fixed Price Issue in compliance with Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018 (The "SEBI ICDR Regulations"), as amended and Allocation in the Net Issue to the Public will be made in terms of regulation 253 of the SEBI (ICDR) Regulations, 2018, as amended. In terms of the SEBI Circular No. CIR/CFD/POLICYCELL/11/2015 and SEBI/HO/CFD/DIL2/CIR/P/2018/138. All Applicants shall only participate in the Issue through an Application Supported by Blocked Amount ("ASBA") process by providing details about the respective bank account (including UPI ID for Rlls using UPI Mechanism) wherein the Application Amount will be blocked by the Self Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism as the case may be, to the extent of respective Application Amount For further details, please refer to section titled "Issue Procedure" beginning on page 174 of the Prospectus.
SUBSCRIPTION DETAILS
The Net Issue (issue less the Market Maker Reservation Portion) has received 214 applications for 27,54,000 Equity Shares resulting in 1.16 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received
| Category | Before Technical Rejections & Withdrawals | After Technical Rejections & Withdrawals | ||
| No of Applications | No of Equity Shares | No. of Applications | No of Equity Shares | |
| Retail Individual Applicant | 156 | 9,36,000 | 148 | 8,88,000 |
| Other than Retail Individual Applicant | 59 | 19,44,000 | 59 | 19,44,000 |
| Total | 215 | 28,80,000 | 207 | 28,32,000 |
Note: The Issue also includes 1,26,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal.
| A) | Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 20 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.000 times. The total number of shares allotted in this category is 1,26,000 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 | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares Allotted |
| 126000 | 1 | 100.00 | 1,26,000 | 100.00 | 1:1 | 1,26,000 | |
| Total | 1 | 100.00 | 1,26,000 | 100.00 | 1,26,000 |
| B) | Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 20 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 11,82,000 Equity Shares, The category was subscribed by 0.75 times, 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 | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares Allotted |
| 6000 | 148 | 100.00 | 8,88,000 | 100.00 | 6,000 | 1:1 | 8,88,000 |
| Total | 148 | 100.00 | 8,88,000 | 100.00 | 8,88,000 |
| C) | Allocation to Other than Retails Category (Alter Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 20 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 14,76,000 Equity Shares (Spill over of 2,94,000 shares from Retail Category has been to added to HNI Category (2,94,000 + 11,82,000)). The category was subscribed by 1.23 times. 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 | Allocation per Applicant | Ratio of Allottees to the Applicant | Total No. of Shares Allotted |
| 12,000 | 23 | 39.66 | 2,76,000 | 15.18 | 6,000 | 01:01 | 1,38,000 |
| 6,000 | 14:23 | 84,000 | |||||
| 18.000 | 6 | 10.34 | 1,08,000 | 5.94 | 12,000 | 01:01 | 72,000 |
| 6,000 | 03:06 | 18,000 | |||||
| 24,000 | 5 | 8.62 | 1,20,000 | 6.60 | 18,000 | 01:01 | 90,000 |
| 6,000 | 01:05 | 6,000 | |||||
| 30,000 | 12 | 20.69 | 3,60,000 | 19.80 | 24,000 | 01:01 | 2,88,000 |
| 6,000 | 01:12 | 6,000 | |||||
| 42.000 | 3 | 5.17 | 1,26,000 | 6.93 | 30,000 | 01:01 | 90,000 |
| 6,000 | 02:03 | 12,000 | |||||
| 48,000 | 3 | 5.17 | 1,44,000 | 7.92 | 36,000 | 01:01 | 1,08,000 |
| 6,000 | 02:03 | 12,000 | |||||
| 1,02,000 | 4 | 6.90 | 4,08,000 | 22.44 | 78,000 | 01:01 | 3,12,000 |
| 6,000 | 03:04 | 18,000 | |||||
| 1,26,000 | 1 | 1.72 | 1,26,000 | 6.93 | 1,02,000 | 01:01 | 1,02,000 |
| 1,50,000 | 1 | 1.72 | 1,50,000 | 8.25 | 1,20,000 | 01:01 | 1,20,000 |
| Total | 58 | 100.00 | 100.00 | 14,76,000 |
The Board of Directors of the Company at its meeting held on April 12, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before April 15.2021. Further, the instructions to Self Certified Syndicate Banks had been processed on April 13, 2021 for unblocking of funds. The Equity Shares allotted 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 within 6 working days excluding Bank Holidays from the Closure of the Issue. The trading is proposed to be commenced on or before April 19, 2021 subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 16, 2021 ("Prospectus").
INVESTORS PLEASE NOTE
The detail of the allotment made has been hosted on the website of the Registrar to the Issue, CAMEO CORPORATE SERVICES LIMITED
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue 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 given below:
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CAMEO CORPORATE SERVICES LIMITED |
| Subramanian Building No. 1. Club House Road, Chennai- 600 002 | |
| Contact Person: Mr. R D. Ramasamy | |
| Tel: (044) 2846 0390/1989 Fax: (044) 2846 0129 | |
| E-mail: cameo@cameoindia.com Website: www.cameoindia.com | |
| SEBI Regn No: INR000003753 |
| For JETMALL SPICES AND MASALA LIMITED | |
| On behalf of the Board of Directors | |
| Place: Chennai | Sd/- |
| Date: April 15, 2021 | Managing Director |
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 JETMALL SPICES AND MASALA LIMITED
JETMALL SPICES AND MASALA LIMITED proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Chennai. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.jetmallltd.com, www.bsesme.com and www.markcorporateadvisors.com respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled "Risk Factors" beginning on page no. 22 of the Prospectus. The Equity Shares have not been and will not be registered under the U S. Securities Act 1933, as amended (the "Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulations of the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold (i) in the United States only to "qualified institutional buyers", as defined in Rule 144A of the Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulations under the Securities Act and in compliance with the applicable laws of the jurisdiction where those offers and sales occur. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Applicants may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.
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