|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT, NOT FOR PUBLICATION OR DISTRIBUTION. DIRECTLY OR INDIRECTLY OUTSIDE INDIA.)
|PROSPECT COMMODITIES LIMITED|
|CORPORATE IDENTIFICATION NUMBER: U01400GJ2022PLC128482|
Our Company was originally incorporated as "Prospect Commodities Private Limited" is registered under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated January 06, 2022 bearing Corporate Identification Number U01400GJ2022PTC128482 issued by the Registrar of Companies, Central Registration Centre, our Company has acquired running business of firm "M/s Fortune Exports", registered as a partnership firm under the Partnership Act, 1932 ("Partnership Act"). Subsequently, our Company was converted into a public limited Company pursuant to a special resolution passed by our shareholders at the EGM held on December 29. 2022 and consequently the name of our Company was changed to "Prospect Commodities Limited" and afresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated January 03, 2023. The CIN of the Company is U01400GJ2022PLC128482.
|Registered office: 417, Sun Orbit B/h. Rajpath Club Road, Bodakdev, Ahmedabad -38 0 054, Gujarat, India.|
|Tel No.: 079-48000696, E-Mail: firstname.lastname@example.org Website: www.prospectcommodities.com|
|Contact Person: Bhargavi Pandya. Company Secretary and Compliance Officer;|
|OUR PROMOTERS: VIMAL MISHRA AND PRIYANKA MISHRA|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC ISSUE OF 12,26,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH OF PROSPECT COMMODITIES LIMITED ("PCL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 61/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 51/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 747.86 LACS ("THE ISSUE"), OF WHICH 62,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 61/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 51/- PER EQUITY SHARE AGGREGATING TO Rs. 37.82 LACSWILLBE RESERVED FOR SUBSCRIPTION BY MARKETMAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 11,64,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT A PRICE OF Rs. 61/- PER EQUITY SHARE AGGREGATING TO Rs. 710.04 LACS IS HEREIN AFTER REFERRED TO ASTHE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.97% AND 28.46% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMFANY FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED TERMS OF THE ISSUE BEGINNING ON PAGE NO. 142 OFTHE PROSPECTUS.
|The Face Value of The Equity Shares is Rs. 10/- Each and The Issue Price is Rs. 61/- Each.|
|The Issue Price is 6.10 Times of The Face Value|
|ISSUE OPENED ON: WEDNESDAY, MARCH 08,2023 ' ISSUE CLOSED ON: MONDAY, MARCH 13,2023|
The Equity Shares of the Company offered through the Prospectus dated February 27, 2023 are proposed to be listed on the SME Platform of BSE Limited ("BSE SME") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. The trading is proposed to be commenced on or before March 21, 2023*.
*Subject to receipt of listing and trading approval from BSE Limited.
Our Company has received an In-Principle Approval dated February 22,2023 from BSE Limited for using its name in the offer document for listing of our shares on SME Platform of BSE Limited. It is to be distinctly understood that the permission given by BSE Limited should not in anyway be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by BSE, nor does it certifies the correctness, accuracy or completeness of any of the content ofthe Prospectus. For the purpose of the Issue BSE Limited will be the Designated Stock Exchange.
The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations,2018 as amended from time to time, wherein (a) minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.
All investors have participated in this offer through Application Supported by Blocked Amount ("ASBA" ) process including through Unified Payment Interface ("UPT)mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the"SCSBs").
DETAILS OF THE APPLICATION:
The Issue has received 2880 applications (before rejections and bids not banked) for 96,56,000 Equity Shares (Including Market Maker Application of 62,000 Equity Shares) resulting 7.88 times subscription. The details of the applications received in the Issue (before technical rejections but after bids not banked) are as follows:
DETAILS OF VALID APPLICATIONS RECEIVED (BEFORE TECHNICAL REJECT1ON AND AFTER BIDS NOT BANKED)
|CATEGORY||NUMBER OF APPLICATIONS||NUMBER OF EQUITY SHARE||SUBSCRIPTION*|
|Other than Retail Individual Investors||63||3924000||6.74|
|Retail Individual Investors||1098||2196000||3.77|
*Subscription time have been computed on the basis of the issue size as per the Prospectus.
DETAILS OF BIDS NOT BANKED ARE AS FOLLOWS:
|CATEGORY||NUMBER OF APPLICATIONS||NUMBER OF EQUITY SHARE|
|Other than Retail Individual Investors||10||58000|
|Retail Individual Investors||1714||3428000|
DETAILS OF APPLICATIONS REJECTED BY THE REGISTRAR ON TECHNICAL GROUNDS ARE AS FOLLOWS:
|CATEGORY||NUMBER OF APPLICATIONS||NUMBER OF EQUITY SHARE|
|Other than Retail Individual Investors||1||6000|
|Retail Individual Investors||16||32000|
DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):
|CATEGORY||NUMBER OF APPLICATIONS||NUMBER OF EQUITY SHARE||SUBSCRIPTION|
|Other than Retail Individual Investors||62||3918000||6.73|
|Retail Individual Investors||1082||2164000||3.72|
|ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Limited on March 15, 2023|
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment of the Market Maker, at the issue price of Rs. 61.00 /- per Equity Share, was finalised in consultation with BSE SME. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 62.000 Equity shares in full out of reserved portion of 62,000 Equity Shares.|
|B.||Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 61.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 3.72 times. Total number of shares allotted in this category is 5,82,000 Equity shares.|
|No. Of Shares Applied for (Category wise)||No. of Applications Received||% to total||Total No. of Equity Shares applied in Retail Individual Investors category||% to total||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off)||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to the Applicants||Total No. of Equity Shares allotted||Surplus/ (Deficit)|
|C.||Allocation to Non-Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs. 61.00/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 6.73 times. Total number of shares allotted in this category is 5.82.000 Shares.|
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to total||Total No. of Shares applied in each category||% to total||Proportionate Shares Available||Allocation per Applicant||Ratio of Allottees to the Applicants||Total No. of Equity Shares allotted||Surplus/ (Deficit)|
|(Before Rounding Off)||(After Rounding Off)|
The Board of Directors of the Company at its meeting held on March 15, 2023 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE SME and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the applicants as registered with the depositories/as filled in the application form on or before March 20,2023. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to March 17, 2023 for unblocking fund. In case the same is not received within Four (4) wording 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 within Six (6) working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before March 21, 2023 subject to receipt of listing and trading approvals from the BSE Limited.
|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:
|REGISTRAR TO THE ISSUE|
|BIGSHARE SERVICES PRIVATE LIMITED|
|Address: Office No. S6-2. 6th Floor. Pinnacle Business Park. Next to Ahura Centre. Mahakai Caves Road. Andheri (East). Mumbai - 400093|
|Tel No: +91 22-62638200 Fax No: +91 22-62638299 E-Mail: email@example.com Website: wvw.bigshareonline.com|
|Contact Person: Mr. Aniket Chindarkar SEBI Registration No: INR000001385|
|PROSPECT COMMODITIES LIMITED|
|On behalf of the Board of Directors|
|Date: March 16, 2023||Managing Director|
|Place: Ahmedabad||(DIN: 06820041)|
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF ETHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PROSPECT COMMODITIES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
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 will not be Issued or sold within the United States or to, for or the account or benefit of "U.S. Persons" (as defined in the Regulations 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.