| Basis of Allotment |
(This is only an advertisement for information purposes and not a prospectus announcement)
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FONE4 COMMUNICATIONS (INDIA) LIMITED |
Our Company was originally incorporated as "Fone4 Communications (India) Private Limited" on May 8, 2014 vide certificate of incorporation bearing Corporate Identity No. U51506KL2014PTC036625 under the provisions of Companies Act, 2013 issued by the Registrar of Companies Kerala and Lakshadweep. Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation Issued by ROC Ernakulam, consequent upon conversion from Private Limited to Public Company dated March 9, 2022 in the name of "Fone4 Communications (India) Limited". The Corporate Identification Number of our Company changed to U51506KL2014PLC036625. For further details, please refer to section titled "Our History and Certain Corporate Matters" beginning on page no 83 of the Prospectus.
| Registered & Corporate office: 1st Floor, 45/692-B, Ashna Arcade, Vylopilly Road, Thammanam Ernakulam 682032, Kerala, India |
| Contact Person: Ms. Nisha Shaw, Company Secretary & Compliance Officer; |
| Tel No: +91 8606 777 777, E-Mail ID: cs@fone4.in; Website: www.fone4.in |
| OUR PROMOTERS: (I) MR. SAYYED HAMID, AND (II) MRS. ROUDHAZERLINA |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 68,00,000 EQUITY SHARES OF FACE VALUE OF RS10/- EACH ("EQUITY SHARES") OF FONE4COMMUNICATIONS (INDIA) LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs10/- PER EQUITY SHARE, AT PAR (THE "ISSUE PRICE"), AGGREGATING TO Rs 680.00 LAKHS ("THE ISSUE"), OF WHICH 3,40,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FOR CASH AT A PRICE OF Rs 10/- PER EQUITY SHARE, AGGREGATING TO Rs 34.00 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 I.E. ISSUE OF 64,60,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FOR CASH AT A PRICE OF Rs10/- PER EQUITY SHARE, AGGREGATING TO Rs 646.00 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 39.88% AND 37.89% RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS OFEER IS BEING MADE IN TERMS OF CHAPTER IX OF THE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIRMENT) REGULATIONS, 2018 (THE "SEBI ICDR 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. 29 of this Prospectus.)
| THE FACE VALLE OF THE EQUITY SHARES IS Rs 10/- EACH AND THE ISSLE PRICE IS Rs10- EACH. THE ISSLE PRICE IS AT PAR OF THE FACE VALLE. |
| ISSUE PROGRAMME: ISSUE OPENED ON: APRIL 25, 2022 and CLOSED ON: APRIL 27, 2022, |
| PROPOSED DATE OF LISTING: May 06, 2022*. |
The Equity Shares offered through Prospectus arc proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received in principal approval letter dated April 01, 2022 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. 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 May 06, 2022*.
* Subject to receipt of listing and trading approvals from the BSE Limited.
SUBSCRIPTION DETAILS
The Issue was subscribed to an extent of 14.02 times i.e., Gross Subscription of Rs. 94,24,00,000/- for 9,53,10,000 equity shares were based on the bid file received from BSE Limited on the day after closure of the Issue received as against Rs. 6,80,00,000/- for 68,00,000 equity shares. (Including subscription by Market Makers to the Issue). The Issue was subscribed to an extent of 9.89 times (after technical rejection and bids not banked), i.e., Net Subscription of Rs. 67,23,00,000/- for 6,72,30,000 equity shares after eliminating technically rejected and bid not banked applications.
Summary of the Valid Applications Received:
| S. No | Category | Cross Application |
Less: Rejections |
Valid |
Allotment |
||||
| No. of Application | Equity Share | No. of Application | Equity Share | No. of Application | Equity Share | No. of Application | Equity Share | ||
| 1 | Retail individual Applicants | 4,696 | 48,300,000 | 89 | 930,000 | 4,607 | 47,370,000 | 458 | 4,580,000 |
| 2 | Non-Retail Applicants | 153 | 19,640,000 | 1 | 102,000 | 152 | 19,520,000 | 90 | 1,880,000 |
| 3 | Market Maker | - | 340,000 | - | - | 1 | 340,000 | 1 | 3407000 |
Total |
4,850 | 68,280,000 | 90 | 1,050,000 | 4,760 | 67,230,000 | 549 | 6,800,000 | |
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock in exchange BSE Limited, on May 02, 2021
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 Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 3,40,000 Equity shares.
| S. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Ratio of allotments to applicants | Number of successful applicants (after rounding off) | Total No. of Shares allocated. allotted |
| 1 | 340000 | 1 | 100.00 | 340000 | 1 00.00 | FIRM | 1 | 340000 |
| GRAND TOTAL | 1 | 100.00 | 340000 | 100.00 | 1 | 340000 |
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 Rs l0/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 10.34 times i.e. for 4,73,70,000 Equity Shares. Total number of shares allotted in this category is 45,80,000 Equity Shares to 458 successful applicants.
| S. No | No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Ratio of allotments to applicants | Number of successful applicants (after rounding off) | Total No. of Shares allocated./ allotted |
| 1 | 1000 | 4477 | 97.18 | 44770000 | 94.51 | 433:4477 | 433 | 4330000 |
| 2 | 20000 | 130 | 2.82 | 2600000 | 5.49 | 25:130 | 25 | 250000 |
| GRAND TOTAL | 4607 | 100.00 | 47370000 | 100.00 | 458 | 4580000 |
C. Allocation to Other than Retail Individual Investor (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 Limited. The category was subscribed by 10.38 times i.e. for 1,95,20,000 shares. Total number of shares allotted in this category is 18,80,000 Equity Shares to 90 successful applicants.
The category wise details of the Basis of Allotment are as under:
| S. No | No. of Shares applied for (Category wise) | Number of applications received |
% to total | Total No. of Shares applied in each category | % to total | Ratio of allottees to applicants | Number of successful applicants (after rounding off) | Total No. of Shares allocated/ allotted |
| 1 | 30000 | 59 |
38.82 | 1770000 | 9.07 | 17:59 | 17 | 170000 |
| 2 | 40000 | 8 |
5.26 | 320000 | 1.64 | 3:8 | 3 | 30000 |
| 3 | 50000 | 17 |
11.18 | 850000 | 4.35 | 8:17 | 8 | 80000 |
| 4 | 60000 | 10 |
6.58 | 600000 | 3.07 | 06:10 | 6 | 60000 |
| 5 | 70000 | 4 |
2.63 | 280000 | 1.43 | 3:4 | 3 | 30000 |
| 6 | 80000 | 6 |
3.95 | 480000 | 2.46 | 5:6 | 5 | 50000 |
| 7 | 90000 | 2 |
1.32 | 180000 | 0.92 | FIRM | 2 | 20000 |
| 8 | 100000 | 10 |
6.58 | 1000000 | 5.12 | FIRM | 10 | 100000 |
| 9 | 110000 | 6 |
3.95 | 660000 | 3.38 | FIRM | 6 | 60000 |
| 10 | 120000 | 3 |
1.97 | 360000 | 1.84 | FIRM | 3 | 30000 |
| 11 | 140000 | 1 |
0.66 | 140000 | 0.72 | FIRM | 1 | 10000 |
| 12 | 150000 | 4 |
2.63 | 600000 | 3.07 | FIRM | 4 | 40000 |
| 02:04 | 2 | 20000 | ||||||
| 13 | 170000 | 1 |
0.66 | 170000 | 0.87 | FIRM | 1 | 20000 |
| 14 | 180000 | 1 |
0.66 | 180000 | 0.92 | FIRM | 1 | 20000 |
| 15 | 190000 | 1 |
0.66 | 190000 | 0.97 | FIRM | 1 | 20000 |
| 16 | 200000 | 1.32 | 400000 | 2.05 | FIRM | 2 | 40000 | |
| 17 | 250000 | 1 |
0.66 | 250000 | 1.28 | FIRM | 1 | 20000 |
| 18 | 300000 | 4 |
2.63 | 1200000 | 6.15 | FIRM | 4 | 80000 |
| 03:04 | 3 | 30000 | ||||||
| 19 | 320000 | 1 |
0.66 | 320000 | 1.64 | FIRM | 1 | 30000 |
| 20 | 470000 | 1 |
0.66 | 470000 | 2.41 | FIRM | 1 | 40000 |
| 21 | 480000 | 1 |
0.66 | 480000 | 2.46 | FIRM | 1 | 50000 |
| 22 | 500000 | 2 |
1.32 | 1000000 | 5.12 | FIRM | 2 | 100000 |
| 23 | 810000 | 1 |
0.66 | 810000 | 4.15 | FIRM | 1 | 80000 |
| 24 | 900000 | 1.32 | 1800000 | 9.22 | FIRM | 1 | 160000 | |
| 01:02 | 1 | 10000 | ||||||
| 25 | 1000000 | 2 |
1.32 | 2000000 | 10.25 | FIRM | 1 | 180000 |
| 01:02 | 1 | 10000 | ||||||
| 26 | 1010000 | 1 |
0.66 | 1010000 | 5.17 | FIRM | 1 | 100000 |
| 27 | 2000000 |
1 | 0.66 | 2000000 | 10.25 | FIRM | 1 | 190000 |
| GRAND TOTAL | 152 | 100.00 | 19520000 | 100.00 | 90 | 1880000 |
The Board of Directors of the company at its meeting held on May 02, 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 May 02, 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 April 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 has been processed on or prior to May 04, 2022. Further, the CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before May 05, 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 BSE SME Platform 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 April 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 https://cambridge.cameoindia.conVModule/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:
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CAMEO CORPORATE SERVICES LIMITED |
| "Subramanian Building", #1, Club House Road, Chennai - 600 002, India | |
| Tel: +91-44-40020700, 28460390 Email Investor Grievance E-mail: investor@tameoindia.com Website: www.cameoindia.com | |
| Contact Person: Mr. R.D. Ramasamy, Director SEBI Registration No: INR000003753 CIN No: U67120TN1998PLC041613 |
| For FONE4 COMMUNICATIONS (INDIA) LIMITED | |
| On behalf of the Board of Directors | |
| Sd /- | |
| Place : Ernakulam | Sayyed Hamid |
| Date : 05-05-2022 | 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 FONE4 COMMUNICATIONS (INDIA) LIMITED
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