|Basis of Allotment|
(This is only an advertisement for information purposes and is not a prospectus announcement )
|SAFA SYSTEMS & TECHNOLOGIES LIMITED|
Our Company was originally incorporated as "Safa Systemst Solutions", Partnership firm in the state of Kerala on October 18, 2012. Subsequently, we have converted the Partnership firm into a Public Limited Company in the name of "Safe Systems & Technologies Limited" on September 21, 2021 bearing Corporate Identification Number U52100KL2021PLC071051 vide Certificate of Incorporation issued by Registrar of Companies-Central Registration Center. For further details, please refer to section titled Our "History and Certain Corporate Matters" beginning on page no 97 of the Prospectus.
|Registered office: 4672631 B, Safa Arcade, Kaniyapilly Road, Chakkaraparambu, Emakulam-682028, Kerala, India.|
|Contact Person: Ms Pushpita Dasgupta, Company Secretary & Compliance Officer Tel. No.: 7593001140: E-Mail: firstname.lastname@example.org;|
|Website: www.sssinfo.in: CIN.: U52100KL2021PLC071051|
|OUR PROMOTERS: (I) MR. FAIZAL BAVARAPARAMBIL ABDUL KHADER (II) MR. BAVARAPARAMBIL ABDHULKADHER HYDROSE|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC OFFER OF 40,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF SAFA SYSTEMS & TECHNOLOGIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE AT PAR (THE "ISSUE PRICE"), AGGREGATING TO RS. 400.00 LAKHS (THE ISSUE'), OF WHICH 2,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASHAT A PRICE OF RS. 10/- PER EQUITY SHARE. AGGREGATING TO RS. 20.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION ). THE ISSUE LESS MARKET MAKER RESERVATION PORTION LE ISSUE OF 38,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE, AGGREGATING TO RS. 380.00 LAKHS IS HERE IN AFTER REFERRED TO AS THE NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.53% AND 25.20% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS OFFER IS BEING MADE IN TERMS OF CHAPTER IX OF THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIRMENT) REGULATIONS, 2018 (THE "SEBIICDR REGULATIONS") READ WITH RULE 19(2)(b)(i) OF SCRR AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OF THE SEBI (ICDR) REGULATIONS, 2018. (For further details please see "The Issue "beginning on page no. 28 of the Prospectus.) A copy of Prospectus has been filed with the Registrar of Companies as required under sub-section 4 of Section 26 of the Companies Act, 2013.
|THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 10/- EACH.|
|THE ISSUE PRICE IS 1 TIME OF THE FACE VALUE.|
|ISSUE PROGRAMME: ISSUE OPENED ON: JANUARY 28, 2022 AND|
|CLOSED ON: FEBRUARY 01, 2022 PROPOSED DATE OF LISTING: FEBRUARY 09, 2022*.|
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE Limited Our Company has received in-principal approval letter dated January 17, 2022 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ('BSE'). The trading is proposed to be commenced on or about February 09, 2022 *.
* Subject to receipt of listing and trading approvals from the BSE Limited.
The Issue was subscribed to an extent of 50.07 times i.e. Gross Subscription of Rs. 198,15,00,000/- for 20,03,00,000 equity shares were based on the bid file received from BSE on the day after closure of the Issue received as against Rs. 4,00,00,000/- for 40,00,000 equity shares. (Including subscription by Market Makers to the issue). The issue was subscribed to an extent of 44.56 times (after technical rejection and bids not banked) i.e. Net Subscription to Rs. 178,22,00,000/- for 17,82,20,000 equity shares after eliminating technically rejected and bid not banked applications, 897 applications for 1,99,50,000 shares were (added without banking Summary of the Valid Applications Received:
|Sr.||Category||Gross Application||Less: Rejections||Valid||Allotment|
|No||No. of Application||Equity Share||No. of Application||Equity Share||No. of Application||Equity Share||No. of Application||Equity Share|
|1||Retail Individual Applicants||6,651||68 600,000||78||800,000||6,573||67,800,000||190||1,900,000|
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Limited on February 04, 2022.
A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in thus category is 2,00,000 Equity shares.
|Sr.No||No. of Shares applied for (Category wise)||No. of Applications Received||% to total||Total No. of Equity Shares Applied||% to total||Ratio of allottees to applicants||No. of Successful Applicants||% to total||Total No. of Equity Shares Allotted|
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of 110/- per Equity Share, was finalized m consultation with BSE. The category was subscribed by 35.68 times i.e. for 6,76,00,000 Equity Shares. Total number of shares allotted in this category is 19,00,000 Equity Shares to 190 successful applicants.
|Sr. No||No. of Shares applied for (Category wise)||No. of Applications Received||% to total||Total No. of Equity Shares Applied||% to total||Ratio of allottees to applicants||No. of Successful Applicants||% to total||Total No. of Equity Shares Allotted|
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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 58.01 times i.e. for 11.02,20,000 shares. Total number of shares allotted in this category is 19,00,000 Equity Shares to 115 successful applicants.The category wise details of the Basis of Allotment are as under:
|Sr.No||No. of Shares applied for (Category wise)||No. of Applications Received||% to total||Total No. of Equity Shares Applied||% to total||Ratio of allottees to applicants||No. of Succesful Applicants||% to total||Total No. of Equity Shares Allotted|
The Board of Directors of the company at its meeting held on February 04, 2022 has approved the Basis of Allotment of Equity shares as approved by the Designated stock Exchange viz BSE Limited and at a meeting held on February 04, 2022 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
In terms of the Prospectus dated January 18, 2022 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribe portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. "For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".
The instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to February 07, 2022. Further, the CAN-cum-Refund advices and allotment advice anchor notices be forwarded to the address /email of the Applicants as registered with the depositories as filled in the application form on or before February 08, 2022. 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 get the Equity Shares admitted for trading on the SME Platform of BSE Limited within six working days from the date of the do sure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 18, 2022 ("Prospectus")
INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issuer. CAMEO CORPORATE SERVICES LIMITED at http://cambridge.cameoindia.comiModule/IPO _Status.aspx. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full 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:
|CAMEO CORPORATE SERVICES LIMITED|
|"Subramanian Building", #1, Club House Road, Chennai - 600 002, India Telephone: +914440020700, 28460390; Facsimile: +9144-28450129|
|Email: email@example.com ; Contact Person: Mr. R D Ramasamy, Director; Website: www.cameoindia.com|
|SEBI Registration Number: INR000003753: CIN No: U67120TN1998PLC041613|
|For SAFA SYSTEMS & TECHNOLOGIES LIMITED|
|On behalf of the Board of Directors|
|Place : Kerala||Faizal Bavaraparambil Abdul Khader|
|Pate : February 07, 2022||Managing Director|
THE LEVEL OF SUBSCRIPTIONSHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SAFA SYSTEMS & TECHNOLOGIES LIMITED.