Basis of Allotment

THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA

wpeD7.jpg (1953 bytes) ALKOSIGN LIMITED

CIN: U74999MH2020PLC339065

Our Company was incorporated as private limited Company under the name "Alkosign Private Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated March 20, 2020 issued by Assistant Registrar of Companies, Mumbai. Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on December 02, 2021 and consequently, the name of our Company was changed to Alkosign Limited and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Mumbai on December 21, 2021. The Corporate Identification Number of our Company is U74999MH2020PLC339065. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter "History and Certain Corporate Matters" beginning on page no. 100 of the Prospectus.

Registered office: S NO: 12A, MIDC, NR Mother Dairy, Saravli, Bhiwandi, Thane 421 311, Maharashtra, India
Tel: +91-7391040250/53/54
E-mail: investor@alkosign.com Website: https://alkosign.com
Contact Person: Poorvi Gattani, Company Secretary and Compliance Officer
Promoters of our Company: Samir Narendra Shah and Akshay Narendra Shah
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 27,00,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ("EQUITY SHARES") OF ALKOSIGN LIMITED ("ALKOSIGN" OR THE "OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.45 PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 35 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING RS. 1,215 LAKHS (THE"TSSUE") OF WHICH 1,38,000 EQUITY SHARES AGGREGATING TO RS. 62.10 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 25,62,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 45/- PER EQUITY SHARE AGGREGATING TO RS. 1,152.90 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 49.59% AND 47.05% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risk to Investors: Investors are required to refer section titled "Risk Factors" on page 22 of the Prospectus

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10
AND THE ISSUE PRICE IS 4.5 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: JANUARY 18, 2022
AND ISSUE CLOSED ON: JANUARY 21, 2022.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated January 10, 2022. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on February 01, 2022 (Subject to receipt of listing and trading approvals from the BSE).

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 for 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 potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the respective bank accounts and / or UPI IDs, in case of RIIs, if applicable, which will be blocked by the Self Certified Syndicate Banks ("SCSBs") for the same.

SUBSCRIPTION DETAILS

The Net Issue has received 1522 applications before technical rejections for 76,11,000 Equity Shares resulting in 4.52 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 1381 41,43,000 1347 40,41,000
Other than Retail Individual Applicant 141 34,68,000 139 34,53,000
Total 1522 76,11,000 1486 74,94,000

Note: 1. The Net Issue does not include 1,38,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times.

2. There were 36 Technical Rejection for 1,17,000 Equity Shares & no withdrawal of any application in any category.

In the event of over subscription, the allotment will be made on a proportionate basis in marketable lots. In other than Retail Individual Category there was over subscription of 34,68,000 Equity Shares before technical rejection and 34,53,000 Equity Shares after technical rejection. In Retail Category there was over subscription of 41,43,000 Equity Shares before technical rejection and 40,41,000 Equity Shares after technical rejection. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE on January 27, 2022.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 45 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,38,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for No. of Applications Received % to Total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
1,38,000 1 100.00 1,38,000 100.00 1,38,000 1:1 1,38,000
Total 1 100.00 1,38,000 100.00 1,38,000

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. 45 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 13,83,000 Equity Shares. The category was subscribed by 2.92 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for No. of Applications Received % to Total Total No. of Shares Applied % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
3000 1347 100.00 40,41,000 100.00 3000 461:1347 13,83,000
Total 1347 100.00 40,41,000 100.00 3000 461:1347 13,83,000

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 Rs. 45 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 11,79,000 Equity Shares. The category was subscribed by 2.93 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 allocated/ allotted
6,000 39 28.06 234,000 6.78 3,000 27:39 81,000
9,000 19 13.67 171,000 4.95 3,000 1:1 57,000
12,000 16 11.51 192,000 5.56 3,000 1:1 48,000
12,000 Lottery 3,000 3:8 18,000
15,000 15 10.79 225,000 6.52 3,000 1:1 45,000
15,000 Lottery 3.000 11:15 33,000
18,000 4 2.88 72,000 2.09 6,000 1:1 24,000
21,000 7 5.04 147,000 4.26 6,000 1:1 42,000
21,000 Lottery 3,000 3:7 9,000
24,000 7 5.04 168,000 4.87 6,000 1:1 42,000
24,000 Lottery 3,000 5:7 15,000
27,000 1 0.72 27,000 0.78 9,000 1:1 9,000
30,000 11 7.91 330,000 9.56 9,000 1:1 99,000
30,000 Lottery 3,000 4:11 12,000
39,000 2 1.44 78,000 2.26 12,000 1:1 24,000
39,000 Lottery 3,000 1:2 3,000
45,000 1 0.72 45,000 1.30 15,000 1:1 15,000
54,000 4 2.88 216,000 6.26 18,000 1:1 72,000
54,000 Lottery 3,000 1:4 3,000
60,000 1 0.72 60,000 1.74 21,000 1:1 21,000
78,000 1 0.72 78,000 2.26 27,000 1:1 27,000
120,000 8 5.76 960,000 27.80 39,000 1:1 312,000
120,000 Lottery 3,000 5:8 15,000
150,000 3 2.16 450,000 13.03 51,000 1:1 153,000
Total 139 100.00 3,453,000 100.00 1,179,000

 

The Board of Directors of the Company at its meeting held on January 27, 2022, 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 January 28, 2022. Further, the instructions to Self Certified Syndicate Banks will be processed on or before January 28, 2022 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 Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on February 01, 2022 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 January 12, 2022 ("Prospectus"").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com. 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:

wpeD8.jpg (1648 bytes) SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, First Floor Okhla Industrial Area, Phase-I, New Delhi 110 020, India.
Telephone: 011-40450193-97 FAX: 011-26812682
E-mail: compliances@skylinerta.com Investor grievance e-mail: grievances@skylinerta.com
Website: www.skylinerta.com
Contact Person: Mr. Alok Gautam
SEBI Registration No.: INR000003241
For Alkosign Limited
On behalf of the Board of Directors
Place: Mumbai Sd/-
Date: 28.01.2022 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 ALKOSIGN LIMITED.

ALKOSIGN 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 prospectus with the Registrar of Companies, Mumbai, on January 12, 2022. The Prospectus is made available on websites of the Company, the BSE and the Lead Manager at www.alkosign.com, www.bsesme.com, www.shreni.in respectively. Applicants should note that investment in equity shares involves a high-risk and for details relating to the same, see the Prospectus, including 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 of 1933, as amended (the "U.S. Securities Act and applicable U.S. state securities law). Accordingly, the Equity Shares are offered or sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act pursuant to Rule 144A under the U.S. Securities Act and (ii) Outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities act and applicable laws of the jurisdiction where such offers and sales occur.

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