| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India)
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KOTYARK INDUSTRIES LIMITED |
| CIN: U24100GJ2016PLC094939 |
Our Company was originally incorporated on December 30, 2016 as 'Kotyark Industries Private Limited' vide Registration No 094939/ 2016-2017 under the provisions of the Companies Act 2013 with the Registrar of Companies, Central Registration Centre. Further, our Company was converted into Public United Company and consequently name of company was changed from "Kotyark Industries Private Limited" to 'Kotyark industries Limited' vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on July 24, 2021 and a fresh certificate of incorporation dated August 05, 2021 Issued by the Registrar of Companies, Ahmedabad. For further details, please refer to chapter titled "History and Corporate Structure" beginning on page 103 of the Prospectus.
| Registered Office: A-3, 2nd Floor, Shree Ganesh Nagar, Housing Society, Ramakaka Temple Road, Chhani, Vadodara-391740, Gujarat, India. |
| Tel. No.: 0265-2760345; E-mail: info@kotyark.com, Website: www.kotyark.com |
| Contact Person: MRS. NIKITA BOONLIA, Company Secretary and Compliance Officer. |
| PROMOTER OF OUR COMPANY: MR. GAURANG RAMESHCHANDRA SHAH |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 22,08,000 EQUITY SHARES OF RS.10/- EACH ("EQUITY SHARES") OF KOTYARK INDUSTRIES LIMITED (" KIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 51 00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 41.00 PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING TO RS. 1126.08 LAKHS ("THE ISSUE"), OF WHICH 1,12,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS.51.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.41.00 PER EQUITY SHARE AGGREGATING TO RS. 57.12 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E ISSUE OF 20,96,000 EQUITY SHARES OF RS. 51.00 EACH INCLUDING A SHARE PREMIUM OF RS. 41.00 PER EQUITY SHARE AGGREGATING TO RS. 1068.96 LAKH IS HEREINAFTER REFERRED TO AS THE NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.68% AND 25.33%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE NO 195 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 (THE "SEBI ICDR REGULATIONS"), AS AMENDED, IN TERMS OF RULE 19(2)(B)(I) OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED (THE 'SCRR'). THIS ISSUE IS BEING 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 WILL BE MADE IN TERMS OF REGULATION 253 OF THE SEBI (ICOH) REGULATIONS, 2018, AS AMENDED.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND |
| THE ISSUE PRICE IS RS. 51.00 |
| THE ISSUE PRICE IS 5.10 TIMES OF THE FACE VALUE. |
| ISSUE OPENED ON: THURSDAY, OCTOBER 21, 2021 AND ISSUE CLOSED ON: MONDAY, OCTOBER 25, 2021 |
| PROPOSED LISTING: NOVEMBER 02, 2021 |
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE" i.e. "NSE EMERGE") in terms of the Chapter IX of the SEBIICDR Regulation, 2018 as amended from time to time. Our Company has received an in-principle approval letter dated October 06, 2021 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about November 02, 2021*
*Subject to receipt of listing and trading approvals from the NSE.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Sell Certified Syndicate Banks (the "SCSBs").
The issue has received 3455 applications for 1,04,46,000 Equity Shares resulting in 4.73 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 but after application not banked):
| CATEGORY | NUMBER OF APPLICATIONS | % | NUMBER OF EQUITY SHARES | % | SUBSCRIPTION (TIMES) |
| Market Makers | 01 | 0.03 | 1,12,000 | 1.07 | 1.00 |
| Retail Individual Investors | 3342 | 96.73 | 66,84,000 | 63.99 | 6.38 |
| Other than Retail Individual Investors | 112 | 3.24 | 36,50,000 | 34.94 | 3.48 |
| TOTAL | 3455 | 100.00 | 1,04,46,000 | 100.00 | 4.73 |
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
| Category | No. of Applications | No. of Equity Shares |
| Market Makers | Nil | Nil |
| Retail Individual Investors | 75 | 1,50,000 |
| Other than Retail Individual investors | 2 | 8,000 |
| Total | 77 | 1,58,000 |
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
| Category | No. of Applications | % | Reserved Portion (as per Prospectus) | No. of Valid Shares applied | %of Total Applied | Subscription (Times) |
| Market Maker | 1 | 100 | 1,12,000 | 1,12,000 | 100 | 1.00 |
| Total | 1 | 100 | 1,12,000 | 1,12,000 | 100 | 1.00 |
| Category | No. of Applications | % | Reserved Portion (as per Prospectus) | Proportionate Issue Size (After rounding off) | No. of Valid Shares applied | % of Total Applied | Subscription (Times) |
| Retail Individual Investors | 3267 | 96.74 | 10,48,000 | 13,46,000 | 65,34,000 | 64.21 | 4.85 |
| Other than Retail Individual Investors | 110 | 3.26 | 10,48,000 | 7,50,000 | 36,42,000 | 35.79 | 4.86 |
| Total | 3377 | 100.00 | 20,96,000 | 20,96,000 | 1,01,76,000 | 100.00 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on October 26, 2021
A. Allocation to Market Maker (Alter Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs. 51 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,12,000 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 Equity Shares applied in this Category | %of total | Proportion ate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to Applicant: Ratio 1 | Ratio of Allottees to Applicant: Ratio 2 | Number of Successful applicants (after rounding off) | Total No. of Equity Shares allocated.' allotted | No. of Shares Surplus/D elicit |
| 1,12,000 | 1 | 100.00 | 1,12,000 | 100.00 | 1,12,000 | 1,12,000 | 1,12,000 | 1 | 1 | 1 | 1,12,000 | - |
| TOTAL | 1 | 100.00 | 1,12,000 | 100 00 | 1,12,000 | 1,12,000 | 1,12,000 | 1 | 1 | 1 | 1,12,000 | - |
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 51 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 4.85 times i.e for 65,34,000 Equity Shares. Total number of shares allotted in this category is 13,46,000 Equity Shares to 673 successful applicants.
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 Equity Shares applied in this Category | % of total | Proportionate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to Applicant : Ratio 1 | Ratio of Allottees to Applicant : Ratio 2 | Serial Number of Qualifying applicants | Number of Successful applicants (after rounding off) | Total No. of Equity Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 2000 | 3267 | 100.00 | 65,34,000 | 100.00 | 13,46,000 | 411.99 | 2000 | 7 | 34 | 11,13,18 23, 24,26,34 | 673 | 13,46,000 | 0 |
| TOTAL | 3267 | 100.00 | 65,34,000 | 100.00 | 13,46,000 | 673 | 13,46,000 | 0 |
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. 51 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 4.86 times i.e., for 36,42,000 shares the total number of shares allotted In this category is 7,50,000 Equity Shares to 74 successful applicants.
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 Equity Shares applied in tills Category | % of total | Proportionate Shares Available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Oft) | Ratio of Allottees to Applicant : Ratio 1 | Ratio of Allottees to Applicant : Ratio 2 | Serial Number of Qualifying applicants | Number of Successful applicants (after rounding off) | Total No. of Equity Shares allocated, allotted | No. of Shares Surplus/ Deficit |
| 4000 | 48 | 43.63 | 192000 | 5.27 | 39539 | 823.72 | 2000 | 5 | 12 | 2,3,5,9,11 | 20 | 40000 | 461 |
| 6000 | 18 | 16.36 | 108000 | 2.96 | 22241 | 1235.61 | 2000 | 11 | 18 | 1,2,3,4,67,8, 10,11,13,18 | 11 | 22000 | -241 |
| 8000 | 5 | 4.54 | 40000 | 1.09 | 8237 | 1647.40 | 2000 | 4 | 5 | 1,2,3,5 | 4 | 8000 | -237 |
| 10000 | 8 | 7.27 | 80000 | 2.19 | 16474 | 2059.25 | 2000 | 1 | 1 | 8 | 16000 | -474 | |
| 12000 | 3 | 2.72 | 36000 | 0.98 | 7414 | 2471.33 | 2000 | 1 | 1 | 3 | 6000 | -1414 | |
| 2000 | 1 | 3 | 1 | 2000 | 2000 | ||||||||
| 14000 | 1 | 0.91 | 14000 | 0.38 | 2883 | 2883.00 | 2000 | 1 | 1 | 1 | 2000 | -883 | |
| 16000 | 1 | 0.91 | 16000 | 0.43 | 3295 | 3295.00 | 4000 | 1 | 1 | 1 | 4000 | 705 | |
| 18000 | 3 | 2.72 | 54000 | 1.48 | 11120 | 3706.66 | 4000 | 1 | 1 | 3 | 12000 | 880 | |
| 20000 | 6 | 5.45 | 120000 | 3.29 | 24712 | 4118.66 | 4000 | 1 | 1 | 6 | 24000 | -712 | |
| 22000 | 2 | 1.81 | 44000 | 1.2 | 9061 | 4530.50 | 4000 | 1 | 1 | 2 | 8000 | -1061 | |
| 2000 | 1 | 2 | 2 | 2000 | 2000 | ||||||||
| 24000 | 1 | 0.91 | 24000 | 0.65 | 4942 | 4942.00 | 4000 | 1 | 1 | 1 | 4000 | -942 | |
| 30000 | 1 | 0.91 | 30000 | 0.82 | 6178 | 6178.00 | 6000 | 1 | 1 | 1 | 6000 | -178 | |
| 38000 | 1 | 0.91 | 38000 | 1.04 | 7825 | 7825.00 | 8000 | 1 | 1 | 1 | 8000 | 175 | |
| 48000 | 1 | 0.91 | 48000 | 1.31 | 9885 | 9885.00 | 10000 | 1 | 1 | 1 | 10000 | 115 | |
| 50000 | 3 | 2.72 | 150000 | 4.11 | 30890 | 10296.66 | 10000 | 1 | 1 | 3 | 30000 | -890 | |
| 52000 | 1 | 0.91 | 52000 | 1 42 | 10708 | 10708.00 | 10000 | 1 | 1 | 1 | 10000 | -708 | |
| 100000 | 5 | 4.54 | 500000 | 13.72 | 102965 | 20593.00 | 20000 | 1 | 1 | 5 | 100000 | -2965 | |
| 2000 | 2 | 5 | 3,5 | 4000 | 4000 | ||||||||
| 1048000 | 2 | 1.81 | 2096000 | 57.55 | 431631 | 215815.50 | 216000 | 1 | 1 | 2 | 432000 | 369 | |
| TOTAL | 110 | 100.00 | 3642000 | 100.00 | 750000 | 74 | 750000 | 0 |
The Board of Directors of the Company at its meeting held on October 28, 2021 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and in meeting held on October 29, 2021 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAM-cum-allotment advices and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories/ as fried in the application form on or before November 01, 2021. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to November 01, 2021. 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 gel the Equity Shares admitted for trading on the NSE EMERGE 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 October 14, 2021 ("Prospectus").
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the issue KFIN TECHNOLOGIES PRIVATE LIMITED at www.ktintech.com. All future correspondence In this regard may kindly be addressed to the Registrar to the Issue quoting lull 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
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| KFIN TECHNOLOGIES PRIVATE LIMITED | |
| Selenium Tower-B, Plot No. 31 -32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana 500 032. | For Kotyark Industries Limited |
| Tel. No.: +91-40-6716-2222 Fax No.: +91-40-2343-1551 Email: kotyark.ipo@kfintechh.com | On behalf of the Board of Directors |
| Website: www.kfintech.com Investor Grievance Email: einward.ris@kfintech.com | Sd/- |
| Contact Person: M Murali Krishna SEBI Registration No.: INR000000221 | Gaurang Rameshchandra Shah |
| Place Vadodara | Chairman cum Managing Director |
| Date October 30, 2021 | DIN: 03502841 |
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 KOTYARK INDUSTRIES LIMITED.
Kotyark Industries Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.beelinebroking.com, website of the NSE at www.nseindia.com and website of Issuer Company at www.kotyark.com. Investors should note that investment in 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 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 Regulation S 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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