|Basis of Allotment|
(This is only an advertisement for Information purpose and not a Prospectus announcement)
|ADJIA TECHNOLOGIES LIMITED|
|Corporate Identification Number: U74140GJ2015PLC085465|
Our Company was incorporated as "Adjia Technologies Private Limited" under the provisions of the Companies Act 2013 vide Certificate of Incorporation dated December 22, 2015 bearing Registration No 085465 issued by the Registrar of Companies. Ahmedabad, Gujarat. Further, our Company was converted into a Public Limited Company and the name of our Company was changed to "Adjia Technologies Limited" vide special resolution dated December 04, 2020. A fresh certificate of incorporation consequent to conversion into public limited Company was issued to our Company by the Registrar of Companies Ahmedabad, Gujarat on December 09, 2020. Our Company was recognized as a startup pursuant to the Certificate of Recognition number DIPP71883 dated December 10, 2020 issued Department for Promotion of Industry and Internal Trade. For further details, including change in our Registered Office, please refer the chapter "History and Certain Corporate Matters" beginning on Page No. 81 of the Prospectus dated February 24, 2021 ("Prospectus").
|Registered Office: 102, Fairdeal House, Opp. Xaviers Ladies Hostel, Swastik Char Rasta. Navrangpura, Ahmedabad, Gujarat - 380 009.|
|Contact Person: Mr. Harsh Smgrodia, Company Secretary and Compliance Officer: Tel No.: +91-87800-38297: Email: firstname.lastname@example.org Website: www.adjiatechnologies.com|
|PROMOTER OF OUR COMPANY: MR. ROSHAN KUMAR RAWAL|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF 2,70,400 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH ("EQUITY SHARES") OF ADJIA TECHNOLOGIES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 74/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 64/- PER EQUITY SHARE) AGGREGATING Rs.200.10 LACS (THE "ISSUE"). THE ISSUE INCLUDES A RESERVATION OF 14,400 EQUITY SHARES OF FACE VALUE Rs.10/- EACH AT A PRICE OF Rs. 74/- PER EQUITY SHARE AGGREGATING Rs.10.66 LACS FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 2,56,000 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH FOR CASH AT A PRICE OF Rs.74/- PER EQUITY SHARE. AGGREGATING Rs.189.44 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTED 80.71% AND 29.08% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
|THE FACE VALUE OF EQUITY SHARES IS Rs.10/- EACH.|
|THE ISSUE PRICE OF Rs.74/- PER EQUITY SHARE WAS 7.4 TIMES OF THE FACE VALUE.|
|ISSUE OPENED ON: TUESDAY, MARCH 02, 2021 AND CLOSED ON: THURSDAY, MARCH 05, 2021|
This issue was made m terms of chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018 (the "SEBIICDR REGULATIONS"), as amended in terms of rule 19 (2) (b) (i) of the Securities Contracts (Regulation) Rules. 1957 as amended (the "SCRR") the Issue was made for at least 25% of the post-issue paid-up equity share capital of our company This Issue is a fixed price issue and allocation in the net issue to the public was 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 no 128 of the Prospectus.
Listing: The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the BSE Startups Platform of BSE Limited, in terms of the Chapter IX of the SEBI ICDR Regulations as amended from time to time. Our Company has received an In-Principle approval letter dated February 16, 2021 from BSE Limited ("BSE") for using its name in the Offer document for listing of our Equity Shares on the BSE Startups Platform of BSE Limited. For the purpose of this issue. BSE Limited shall be the Designated Stock Exchange. Our Company has filed listing application dated March 10, 2021 with BSE. The trading is proposed to be commenced on or before March 15, 2021 (Subject to receipt of listing and trading approvals from BSE)
The Issue has received 906 applications for 16,27,200 Equity Shares (before rejections, before application not banked but after Invalid Multiple/Duplicate applications) including Market Maker Application of 14,400 Equity Shares. The Issue was subscribed to the extent of 6.0178 times as per the bid book received from BSE (before rejections, before application not banked but after Invalid Multiple/Duplicate application). After considering the technical rejections cases, the Issue was subscribed 5.7041 times.
The details of application received (Before Technical Rejection but after application not banked and application banked but application not registered)
|CATEGORY||NUMBER OF APPLICATIONS||% OF TOTAL||NUMBER OF EQUITY SHARES APPLIED||SUBSCRIPTION|
|Other than Retail Individual Investors||36||4.05||2,22,400||1.74|
|Retail Individual Investors||852||95 84||13,63,200||10.65|
Summary of Valid Applications (after Technical and multiple rejections):
|Category||Gross||Less: Rejections||Valid||Subscription (based on reservation in the Prospectus)|
|Number of Applications||Equity Shares applied||Number of Applications||Equity Shares applied||Number of Applications||Equity Shares applied|
|Other than Retail Individual Investors||36||222,400||1||11,200||35||211,200||1.65|
|Retail Individual Investors||852||1,363,200||29||46,400||823||1,316,800||10.29|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 08, 2021.
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs.74/- per Equity Share, was finalized m consultation with BSE Limited The category was subscribed by 1.00 time The total number of Equity Shares allotted in this category is 14.400 Equity Shares in full out of reserved portion of 14,400 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.74/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 10.29 times. Total number of Equity Shares allotted in this category is 2,20,800 Equity Shares. The category wise basis of allotment is as under:|
|No. of Equity Shares applied for (Category wise)||Number of applications received||% to total||Total No. of Equity Shares applied||% to total||Proportionate Equity Shares available||Allocation per Applicant Before After Rounding off Rounding off||Ratio of allottees to applicant||Total No. of Equity Shares allotted||% to total||Surplus/Deficit|
|C.||Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the Issue Price of Rs.74/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.65 times. Total number of Equity Shares allotted in this category is 35,200 Equity Shares. The category wise basis of allotment is as under|
|No. of Equity Shares applied for (Category wise)||received||% to total||Total No. of Equity Shares applied||% to total||Proportionate Equity Shares available||Allocation per Applicant||Ration of allottees to applicant||Total No. of Equity Shares allotted||% to total||Surplus/Deficit|
|Before Rounding off||After Rounding off|
The Board of Directors of the Company at its meeting held on March 08, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of Equity 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 March 12, 2021. Further, the instructions to SCSBs has been issued on March 09, 2021 for unblocking of funds. The request for electronic credit of Equity Shares were made to Depositories on March 9, 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, 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 BSE Startups Platform of BSE Limited within six working days from the date of the closure of the Issue. Our Company has filed listing application dated March 10, 2021 with BSE. The trading is proposed to be commenced on or before March 15, 2021 (Subject to receipt of listing and trading approvals from BSE).
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.kfintech.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 Equity Shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
|KFIN TECHNOLOGIES PRIVATE LIMITED|
|Selenium Tower-B, Plot No. 31-32, Gachibowli. Financial District, Nanakramguda, Serilingampally. Hyderabad, Telangana - 500 032 Tel: +91-40-6716-2222: Fax: +91-40-2343-1551 Website: www.kfintech.com;|
|Email: email@example.com; Investor Grievance Id: firstname.lastname@example.org; Contact Person: M Murali Krishna; Sebi Registration Number: INR000000221|
|For Adjia Technologies Limited|
|On behalf of the Board of Directors|
|Date : March 10, 2021||Mr. Roshan Kumar Rawal|
|Place : Ahmedabad||(Chairman & 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 ADJIA TECHNOLOGIES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus
Adjia Technologies Limited is proposing, subject to market conditions, public issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies. Gujarat The Prospectus is available on the website of SEBI at www.sebi.gov.in the website of the Lead Manager at www.shreni.in, website of the BSE Limited at www.bseindia.oom and website of Issuer Company at www.adjiatechnologies.com. Investors should note that investment m Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled Risk Factors' beginning on page no. 19 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or 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. "U.S. 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.