|Basis of Allotment|
THIS IS A PUBLIC ANNOUCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. 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.
|LABELKRAFT TECHNOLOGIES LIMITED|
Our Company was incorporated as 'Labelkraft Technologies Limited' under the Companies Act, 2013, pursuant to a Certificate of Incorporation dated October 10, 2022, issued by the ROC, Central Registration Centre having CIN as U31900KA2022PLC165857. Later, on November 11, 2022, the running business of the proprietorship concern of our Promoter namely "Solanki Enterprises" was taken-over by the company, along with the assets and liabilities of the proprietorship concern as going concern. For further details please refer to chapter titled "History and Corporate Structure" beginning on page 104 of the Prospectus.
|Registered office: 14/12, Jayachamarajendra Road, Bengaluru Karnataka - 560002 India. | CIN: U31900KA2022PLC166057|
|Contact Person: Mr. Mritunjay Kumar, Company Secretary & Compliance Officer | Tel. No: +91 080-40927665 | E-mail: cs@Iabelkraft.com | Website: www.labelkraft.com|
|PROMOTER OF OUR COMPANY: RANJEET KUMAR SOLANKI|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC OFFER OF 8,64,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH (THE "EQUITY SHARES") OF LABELKRAFT TECHNOLOGIES LIMITED ("OUR COMPANY" OR "LABELKRAFT" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs. 55 PER EQUITY SHARE FOR CASH, AGGREGATING UP TO Rs. 475.20 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 44,000 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH, AT AN ISSUE PRICE OF Rs. 55 PER EQUITY SHARE FOR CASH, AGGREGATING Rs. 24.20 LAKHS WERE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 8,20,000 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH, AT AN ISSUE PRICE OF Rs. 55 PER EQUITY SHARE FOR CASH. AGGREGATING UPTO Rs. 451.00 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.63% AND 25.28% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
|ISSUE PRICE: RS. 55 PER EQUITY SHARE OF FACE VALUE OF RS.10 EACH|
|THE ISSUE PRICE IS 5.5 TIMES OF THE FACE VALUE|
|ISSUE PERIOD||ISSUE OPENED ON: MONDAY, MARCH 13, 2023|
|ISSUE CLOSED ON: WEDNESDAY, MARCH 15, 2023|
PROPOSED LISTING: MARCH 23, 2023*
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited (BSE') in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In Principal approval letter dated March 06, 2023 from BSE Limited ("BSE") for using Its name in the Offer Document for listing of our shares on the SME Platform of BSE. It is to be distinctly understood that the permission given by BSE Limited ("BSE") should not in any way be deemed or construed that the content of the Prospectus or the price at which the equity share are offered has been cleared, solicited or approved by BSE, nor does it certify the correctness, accuracy or completeness of any of the content of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to bo commenced on or about March 23, 2023*. *Subject to the receipt of listing and tracing approval from the BSE SME Platform.
All Applicants were allowed to participate in the Issue either through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were by Self Certified Syndicate Banks (the "SCSBs") or through UPI Mechanism.
The issue has received 13066 applications for 4,37,26,000 Equity shares resulting in 50.61 times subscription (including reserved portion of Market maker).
The details of applications received In the issue (before technical rejections but after excluding bids not banked) are as follows:
|Category||No. of applications received||%||No. of Equity shares||%||Subscription (times)*|
|Retail Individual Investors||12230||93.60||2,44,60,000||55.94||59.66|
|Other than retail individual Investors||835||6.39||1,92,22,000||43.96||46.88|
*based on shares reserved as per Prospectus.
The details ol applications rejected by the Registrar on technical grounds (Including withdrawal) are detailed below:
|Category||No. of applicants||No. of Equity shares|
|Retail Individual Investors||211||4,22,000|
|Other than retail individual Investors||5||38,000|
After eliminating technically rejected applications, the following lable gives us category wise net valid applications:
|Category||No. of applicants (valid shares)||%||No. of valid shares applied||% of Total Applied||Issue Allocation as per Prospectus (Category wise)||Revised Issue Allocation (after spill over)||Subscription (times) on basis of revised Issue Allocation|
|Retail Individual Investors||12230||93.60||24038000||55.56||4,10,000||458000||52.48|
|Other than retail individual Investors||835||6.39||19184000||44.34||4,10,000||362000||52.99|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 20, 2023.
|A. .||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 55/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 44,000 Equity Shares to 1 successful applicants|
The Category-wise details of the Basis of Allotment are as under:
|No. of shares applied for (Category wise)||Number of applications received||% to total||Total No. of shares applied in each category||% to
|Allocation per Applicant||Ratio of allottees to applicants: RATI01||Ratio of allottees to applicants: RATIO 2||Number of successful applicant (after rounding off)||Total no. of Shares
|No. of Shares Surplus/ Deficit|
|(before rounding ofl)||(after
|B.||Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 55/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 52.48 times. The total number of shares allotted in this category is 4,58,000 Equity Shares to 229 successful applicants.|
The Category-wise details ol the Basis of Allotment are as under:
|No. ol Shares applied for (Category wise)||Number of applications received||%to
|Total No. of shares applied in each category||% to total||Proportionate Shares available||Allocation per Applicant||Ratio of allottees to applicants: RATI01||Ratio ol allottees to applicants: RATIO 2||Number of successful applicant (after rounding off)||Total no. of Shares Allocat ed/allotted||No. of Shares Surplus/ Deficit|
|Before Rounding off||After Rounding off|
|C.||Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Other than retail individual Investors, at the issue price of Rs. 55/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 52.99 times. The total number of shares allotted in this category is 3,62,000 Equity Shares to 134 successful applicants.|
The Category-wise details of the Basis of Allotment are as under:
|No. of Shares applied for (Category wise)||Number of applications received||%to total||Total No. of shares applied in this category||% to total||Propor- tionate Shares available||Allocation per Applicant||Ratio of allottees to applicants: RATIO 1||Ratio of allottees to applicants: RATIO 2||Number of successful applicant (after rounding off)||Total no. of Shares Allocated/ allotted||No. of Shares Surplus/ Deficit|
|Before Rounding off||After Rounding off|
The Board of Directors of the Company at its meeting held on March 20, 2023 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for allotment of the Equity Shares to various successful applicants.
The Refund of allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about March 21, 2023. Further, the instructions to Self Certified Syndicate Banks for unblocking the funds have been shared on March 20, 2023. In case the same is not received within ten days, investors may contact Registrar 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 SME Platform of BSE Limited 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 meaning assigned to them in the Prospectus dated March 06, 2023 ("Prospectus').
In terms of Prospectus dated March 06, 2023 and as per Regulation 253 of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to b) individual applicants other than retail investors and other investors including corporate bodies / institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: Chapter IX, part VIII (253) of SEBI (ICDR) Regulation, 2018. If the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
CORRIGENDUM: NOTICE TO INVESTORS: This is with reference to the Prospectus dated March 06, 2023, ("Prospectus") filed with the Registrar of Companies, Bengaluru (the "ROC"), the BSE and the Securities and Exchange Board of India ("SEBI") in relation to the -Issue. All capitalized term used in the notice shall, unless the context otherwise requires, have the meaning ascribed in the Prospectus. Investors should note that on the cover page of the Prospectus, the takeover date of running business of Solanki Enterprise should be read as "November 11, 2022" and the details of Lock-in under chapter "Capital Structure"" on page 59 to be read as -.
|Date of Allotment/ transfer and made fully paid up||No. of Equity Shares locked-in*||Face Value Per Share (Rs.)||Issue/Acquisition/ Transfer Price (Rs.)||Nature of transaction||Post-Issue Shareholding %||Lock in Period|
|Ranjeet Kumar Solanki|
|December 30, 2022||19,900||10.00||2325.00||Allotment pursuant to the acquisition of M/s Solanki Enterprise||0.61||3 Years|
|January 6, 2023||6,30,100||10.00||Nil||Bonus Issue in the ratio of 33:1 on above shares||19.42||3 years|
INVESTORS PLEASE NOTE:
The details of the allotment made would also be hosted on the website of the Registrar to the Issue Bigshare Services Private Limited at www.bigshareonline.com. 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:
|Bigshare Services Private Limited|
|Address: - S6-2,6th Floor, Pinnacle Business Park, Next to Ahura Centre,|
|Mahakali Caves Road, Andheri (East) Mumbai - 400093, Maharashtra, India|
|Tel No.: +91-022-62636200 | Fax No.: +91-022-62638299|
|Website: www.bigshareonline.com | Email: email@example.com|
|Contact Person: Mr. Babu Rapheal | SEBI Regn. No.: INROQC001385|
|For and on behalf of the Board of Directors|
|Labelkraft Technologies Limited|
|Ranjeet Kumar Solanki|
|Place: Bangalore, Karnataka||Chairman & Managing Director|
|Date: March 20, 2023||DIN: 00922338|
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 LABELKRAFT TECHNOLOGIES LIMITED.
Disclaimer:: LABELKRAFT TECHNOLOGIES LIMITED has filed the Prospectus with the RoC on March 06, 2023 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of the LM, Hem Securities Limited at www.hemsecurities.com. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 21 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 "Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such offers and salesare made.There will be no public offering in the United States.