| Basis of Allotment |
(This is only an advertisement for information purposes and is not a prospectus announcement. Not for distribution Outside India.)
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NIKS TECHNOLOGY LIMITED |
| Corporate Identification Number: U80904BR2014PLC022439 |
Our Company was originally incorporated as 'Niks Technology Private Limited' on June 19, 2014 at Patna Bihar as a private limited company under the Companies Act, 2013 with the Registrar of Companies, Patna, Bihar. Subsequently, our Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of our Company held on March 05, 2021 and the name of our Company was changed to 'Niks Technology Limited' and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated March 05, 2021 was issued by Registrar of Companies, Patna, Bihar, being Corporate Identification Number U80904BR2014PLC022439.
| Registered Office: Flat No. 501, Shiv Laxmi Plaza, Opp Rajendra Nagar Terminal, Old Bypass Main Road, Kankarbagh, Patna - 800020, Bihar, India |
| Tel: +91 -0612 7966249 E-mail: info@nikstech.com Website: https://www.nikstech.com Contact Person: Mr. Pushpendra Patel, Company Secretary and Compliance Officer |
| PROMOTER OF OUR COMPANY: MR. MANISH DIXIT |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 1,00,200 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH ("EQUITY SHARES") OF NIKS TECHNOLOGY LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 201.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 191.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 201.40 LAKH ("THE ISSUE") COMPRISING OF A FRESH ISSUE OF 33,200 EQUITY SHARES AGGREGATING TO RS. 66.73 LAKH (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 67,000 EQUITY SHARES BY THE PROMOTER SELLING SHAREHOLDER ("OFFER FOR SALE") AGGREGATING TO RS. 134.67 LAKH OF WHICH 5,400 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR CASH AT A PRICE OF RS. 201.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 7191.00 PER EQUITY SHARE AGGREGATING TO RS. 10.85 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION "). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 94,800 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT A PRICE OF RS. 201.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 191.00 PER EQUITY SHARE AGGREGATING TO RS. 190.55 LAKH (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.59% AND 26.10% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND |
| THE ISSUE PRICE IS RS. 201.00 EACH. |
| THE ISSUE PRICE IS 20.1 TIMES |
| ISSUE | OPENED ON: FRIDAY, MARCH 19, 2021 |
| CLOSED ON: TUESDAY, MARCH 23, 2021 |
The Equity Shares of the Company are proposed to be listed on the BSE Start-up segment under SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval mail having ref. no. LO\BSE Start-up\RB\IP\224\2020-21 dated March 16, 2021 from BSE Limited. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before April 0l, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).
The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net issue of shares to the Public shall initially be made available (or allotment to Retail Individual Investors. The balance of Net issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors were mandatorily required to participate in this Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process and were required to provide details UPI mode (as applicable) by providing the details of their respective bank accounts in which the corresponding application amounts was blocked by Sell Certified Syndicate Banks (the "SCSBs") or the Sponsor Bank, as the case may be
| SUBSCRIPTION DETAILS |
The Issue has received 618 applications for 4,11,000 Equity Shares (before technical rejections Invalid Bids Multiple/ Duplicate and Bids not banked) including Market Making application of 5,400 Equity Shares. The Issue was subscribed to the extent of 4.11 limes as per the bid book received from BSE limited. After considering invalid bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 3.65 times including Market Making reservation portion. The details of the applications received in the Issue (before technical reactions but after Invalid Bids Multiple/ Duplicate and Bids not banked) are as follows:
Detail of the Applications Received
| Category | No. of Applications | % of Total | No. of Equity Shares | % of Total |
| Market Maker | 1 | 0.17 | 5,400 | 1.41 |
| Retail Individual Applicant | 557 | 97.21 | 3,34,200 | 87.03 |
| Other than Retail Individual Applicant | 15 | 2.62 | 44,400 | 11.56 |
| Total | 573 | 100.00 | 3,84,000 | 100.00 |
Summary of Valid Applications
| Category | Gross | Less: Rejections | Valid | |||
| No. of Applications | Equity Shares | No. of Applications | Equity Shares | No. of Applications | Equity Shares | |
| Market Maker | 1 | 5,400 | - | - | 1 | 5,400 |
| Retail Individual Applicant | 557 | 3,34,200 | 27 | 16,200 | 530 | 3,18,000 |
| Other than Retail Individual Applicant | 15 | 44,400 | 1 | 1,800 | 14 | 42,600 |
| Total | 573 | 3,84,000 | 28 | 18,000 | 545 | 3,66,000 |
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on March 26, 2021,
A) Allocation lo Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 201.00 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 5,400 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 | % lo Total | Total No. of Shares Applied in Each Category | % to Total | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to the Applicant | Total No. ol Shares Allotted | No. of Shares Surplus./ Deficit |
| 5,400 | 1 | 100.00 | 5,400 | 100.00 | 5,400 | 5,400 | 1:1 | 5,400 | 0 |
| Total | 1 | 100.00 | 5,400 | 100.00 | 5,400 | 0 |
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. 201.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253 (2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 84,000 Equity Shares. The category was subscribed by 3.785 times. The category-wise details of the Basis of Allotment are as under:
| No. of Shares Applied (or (Category Wise) | No. of Applications Received | %lo Total | Total No. of Shares Applied in Each Category | % to Total | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to the Applicant | Total No. of Shares Allotted | No. of Shares Surplus/ Deficit |
| 600 | 530 | 100.00 | 3,18,000 | 100.00 | 158.49 | 600 | 70:265 | 84,000 | 0 |
| Total | 530 | 100.00 | 3,18,000 | 100.00 | 84,000 | 0 |
C) Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of 1201.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 10,800 Equity Shares. The category was subscribed by 3.944 times. The category-wise details of the Basis of Allotment are as under:
| No. of Shares Applied for (Category Wise) | No. of Applications Received | % lo Total | Total No. of Shares Applied in Each Category | % to Total | Allocation per Applicant (Before Rounding Oil) | Allocation per Applicant (After Rounding Oil) | Ratio of Allottees to the Applicant | Total No. of Shares Allotted | No. of Shares Surplus/ Deficit |
| 1,200 | 7 | 50.00 | 8400 | 19.72 | 304.29 | 600 | 4:7 | 2400 | 271 |
| 1,800 | 2 | 14.29 | 3600 | 8.45 | 456.5 | 600 | 1:2 | 600 | -313 |
| 2,400 | 1 | 7.14 | 2400 | 5.63 | 608 | 600 | 1:1 | 600 | -8 |
| 3,000 | 1 | 7.14 | 3000 | 7.04 | 761 | 600 | 1:1 | 600 | -161 |
| 6,000 | 1 | 7.14 | 6000 | 14.08 | 1521 | 1800 | 1:1 | 1800 | 279 |
| 9,600 | 2 | 14.29 | 19200 | 45.07 | 2434 | 2400 | 1:1 | 4800 | -68 |
| Total | 14 | 100.00 | 42600 | 100.00 | 10800 | 0 |
The Board of Directors of the Company at its meeting held on March 26, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited 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 March 31, 2021. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before March 31, 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 BSE Start-up segment under SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before April 01, 2021 subject to receipt of listing and trading approvals from BSE Limited.
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 details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com.
| LEAD MANAGER TO THE ISSUE | REGISTRAR TO THE ISSUE | COMPANY SECRETARY AND COMPLIANCE OFFICER |
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| GRETEX CORPORATE SERVICES PRIVATE LIMITED | BIGSHARE SERVICES PRIVATE LIMITED | NIKS TECHNOLOGY LIMITED |
| Office No. 13,1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai - 400 001 | 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road Maroi, Andheri East, Mumbai - 400 059 | Mr. Pushpendra Patel |
| Tel No. + 91 - 22 - 4002 5273 / 98368 22199/ 9B368 21999 | Tel. No.: +91 -22-6263 8200 | Flat No 501, Shiv Laxml Plaza, Opp Rajendra Nagar Terminal, Old Bypass Main Road, Kankarbagh Patna - 800020, Bihar. India |
| Email: info@gretexgroup.com / mbk@gretexgroup.com | Fax No.: +91 -22-6263 8299 | Tel: -91 0612 7966249 |
| Website: www.gretexcorporate.com | Email: ipo@bigshareonline.com | E-mail: info@nikstech.com |
| Contact Person: Ms Amina Khan | Website: www.bigshareonline.com | Website: www.nikstech.com |
| SEBI Registration No: INM000012177 | Investor Grievance Email: investor@bigshareonline.com | |
| CIN: U74999MH2008PTC288128 | Contact Person: Mr. Swapnil Kate | |
| SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 | ||
| 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. |
| For NIKS TECHNOLOGY LIMITED | |
| On behalf of the Board of Directors | |
| Sd/. | |
| Mr. Manish Dixit | |
| Place: Patna | Managing Director |
| Date: March 26, 2021 | DIN 06888132 |
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 NIKS TECHNOLOGY LIMITED
NIKS TECHNOLOGY LIMITED is 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, Patna The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.gretexcorporate.com the website of the BSE Limited i.e. https://www.startupsbse.com/, and website of the Issuer Company at www.nikstech.com. Investors should note that investment in Equity Shares involves a high degree of risk For details investors should refer to and rely on the Prospectus including the section tilted "Risk Factors" beginning on page 25 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.
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