| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT 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 PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE INDIA.
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EXHICON EVENTS MEDIA SOLUTIONS LIMITED |
Our Company was originally incorporated on September 26,2010 as ‘Exhicon Events Media Solutions’, as a private limited company, under the provisions of the Companies Act, 1956. Later on, consequent upon the conversion of our Company into public limited company, the name of our Company was changed to ‘Exhicon Events Media Solutions Limited and fresh Certificate of Incorporation dated January, 2023 was issued by Registrar of companies,Mumbai. The Corporate Identification Number of our Company is U74990MH2010PLC208218.
| Registered Office: 103, Crystal Paradise. DS Road, off Veera Desai Road. Andheri (W) Mumbai City, Maharshtra 400053, India. Tel: +91- 8097538188 Website: https://exhicongroup.com., E-mail: cs@exhiconevents.in: Company Secretary and Compliance Officer: Mr. Abhishek Jain |
| PROMOTERS: MR. MOHAMMAD QUAIM SYED AND MS. PADMA MISHRA |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF UP TO 33,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH ("EQUITY SHARES") OF OUR COMPANY FOR CASH AT A PRICE OF Rs. 64 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 54 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING UP TO Rs.211.2 LAKHS ( ‘ISSUE OFFER"). THIS ISSUE INCLUDES A RESERVATION OF UP TO 3,30,000 EQUITY SHARES AGGREGATING UP TO Rs. 211.2 LAKHS FOR SUBSCRIPTION BYMARKET MAKER ( ‘MARKET MAKER RESERVATION PORTION’). THE ISSUE LESS THE MARKET MAKER RESERVATIONPORTIONlSHEREINAFTERREFERREDTOASTHE"NETISSUE\THE ISSUE AND THENET ISSUE SHALLCONSTITUTE 27.79% AND 25.01% RESPECTIVELY.
| THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 AND THE ISSUE PRICE IS Rs. 64.00. THE ISSUE PRICE IS 6.40 TIMES THE FACE VALUE OF THE EQUITY SHARES. |
| ANCHOR INVESTOR ISSUE PRICE: Rs. 64.00 PER EQUITY SHARE. |
| ISSUE OPENED ON: MARCH 31, 2023 AND ISSUE CLOSED ON: APRIL 05, 2023 |
PROPOSED LISTING: APRIL 17, 2023.
The Eqiuty Shares offered through the Prospectus ye proposed to be listed on the SME Platform of BSE Limited ("BSE" i.e "BSE SME") in terms of the Chapter IX of the SEB ICDR Regulation, 2018 as amended from time to time Our Company has received an in principle approval letter dated March 24, 2023 from BSE for using its name in the offer document for listing of our shares on the SME Piatform of BSE Limited("BSESME") For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited The trading is proposed to be commenced on or about April 17, 2023’.
'Subject to receipt at listing and trading approvals from the BSE Limited.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks(the"SCSBs").
| SUBSCRIPTION DETAILS |
The issue has received 1,280 applications for 33,00,000 Equity Shares resulting in 1.95 times subscription (including reserved portion of market maker). The bidding for anchor investor opened and dosed on Wednesday. March 29 ,2023. The Company did not receive any Anchor investors Application.The issue (excluding Anchor investors portion) received 1,280 Applications for 33,00,000 Equity Shares (Before technical rejections) resulting in 1.95 times subscription (including reserved portion of market maker).
The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection but after application not banked):
| CATEGORY | NUMBER OF APPLICATIONS | % | NUMBER OF EQUITY SHARES | % | SUBSCRIPTION (TIMES) |
| Market Makers | 1 | 0.08 | 3,30,000 | 5.13 | 1 |
| Retail Individual Investors | 1,201 | 93.82 | 24,02,000 | 37.34 | 2.31 |
| Non-Retail Individual Investors | 75 | 6.09 | 22,16,000 | 34.45 | 4.97 |
| QIB | 3 | 0.23 | 14,84,000 | 23.08 | 1 |
| TOTAL | 1,280 | 100.00 | 64,32,000 | 100.00 | 1.95 |
The details of applications rejected by the Registrar on technical grounds are detailed below
| Category | No. of Applications | No. of Equity Shares |
| Market Makers | - | - |
| Retail Individual Investors | 23 | 46,000 |
| Non-Retail Individual Investors | 4 | 7,18,000 |
| QIB | - | - |
| TOTAL | 27 | 7,64,000 |
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
| Category | No. of applicants | % | Reserved Portion | No. of Valid Shares applied | % of Total | Subscription |
| Market Makers | 1 | 0.08 | 3 ,30 ,000 | 3 ,30 ,000 | 5.82 | 1 |
| Retail Indivxlual Investors | 1,178 | 94.02 | 10 ,40 ,000 | 23,56 ,000 | 41.56 | 2.27 |
| Non-Retail Individual Investors | 71 | 5.66 | 4 ,46,000 | 14,98,000 | 26.42 | 3.36 |
| QIB | 3 | 0.24 | 14,84 ,000 | 14 ,84 ,000 | 26.20 | 1 |
| TOTAL | 1,253 | 100 | 33 ,00 ,000 | 56 ,68 ,000 | 100 | 1.72 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange • BSE Limited on April 11,2023.
| A. | Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 64 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1 times. The total number of shares allotted in this category is 3,30,000 Equity shares. |
The category wise details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit (7)-(14) | ||
| Before rounding off | After rounding off | ||||||||||||||
| 1 | 330000 | 1 | 100.00 | 330000 | 100.00 | 330000 | 330000.00 | 330000.00 | 1 | 1 | 1 | 100 00 | 330000 | 100.00 | 0 |
| GRAND TOTAL | 1 | 100.00 | 330000 | 100.00 | 330000 | 1 | 100.00 | 330000 | 100.00 | 0 | |||||
| B. | Allocation to QIB CATEGORY (Other QIB & Mutual Fund) (After Technical Rejections): The Basis of Allotment to the QIB. at the issue price of Rs. 64 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1 times i.e., for Equity Shares. The total number of shares allotted in category is 14,84,000 Equity shares to successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit(7)-(14) | ||
| Before rounding off | After rounding off | ||||||||||||||
| 1 | 234000 | 1 | 33.33 | 234000 | 15.77 | 234000 | 234000.00 | 234000.00 | 1 | 1 | 1 | 33.33 | 234000 | 15.77 | 0 |
| 2 | 312000 | 1 | 33.33 | 312000 | 21.02 | 312000 | 312000.00 | 312000.00 | 1 | 1 | 1 | 33.33 | 312000 | 21.02 | 0 |
| 3 | 938000 | 1 | 33.33 | 938000 | 63.21 | 938000 | 938000.00 | 938000.00 | 1 | 1 | 1 | 33.33 | 938000 | 6321 | 0 |
| GRAND TOTAL | 3 | 100.00 | 1484000 | 100.00 | 1484000 | 3 | 100.00 | 1484000 | 100.00 | 0 | |||||
| C. | Allocation to NON INSTITUTIONAL CATEGORY (After Technical Rejections): The Basis of Allotment to Non-Retail Individual Investors, at the issue price of T 64 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 3.36 times i.e.. for Equity Shares the total number of shares allotted in category is 4,46,000 Equity shares to successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr.No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit (7)-(14) | ||||||||
| Before rounding off | After rounding off | ||||||||||||||||||||
| 1 | 4000 | 15 | 21.13 | 60000 | 4.01 | 17864 | 1190.93 | 2000.00 | 9 | 15 | 9 | 14.29 | 18000 | 4.04 | 136 | ||||||
| 2 | 6000 | 18 | 25.35 | 108000 | 7.21 | 32155 | 1786.39 | 2000.00 | 16 | 18 | 16 | 25.40 | 32000 | 7.17 | -155 | ||||||
| 3 | 8000 | 3 | 4.23 | 24000 | 1.60 | 7146 | 2382.00 | 2000.00 | 1 | 1 | 3 | 4.76 | 6000 | 1.35 | -1146 | ||||||
| 2000 additional share is allocated for Serial no 3 in the ratio of 1:3 | 2000.00 | 1 | 3 | 0 | 0.00 | 2000 | 0.45 | 2000 | |||||||||||||
| 4 | 10000 | 10 | 14.08 | 100000 | 6.68 | 29773 | 2977.30 | 2000.00 | 1 | 1 | 10 | 15.87 | 20000 | 4.48 | -9773 | ||||||
| 2000 additional share is allocated for Serial no 4 in the ratio of 5:10 | 2000.00 | 5 | 10 | 0 | 0.00 | 10000 | 2.24 | 10000 | |||||||||||||
| 5 | 14000 | 1 | 1.41 | 14000 | 0.93 | 4168 | 4168.00 | 4000.00 | 1 | 1 | 1 | 1.59 | 4000 | 0.90 | -168 | ||||||
| 6 | 16000 | 3 | 4.23 | 48000 | 3.20 | 14291 | 4763 67 | 4000.00 | 1 | 1 | 3 | 4.76 | 12000 | 2.69 | -2291 | ||||||
| 2000 additional share is allocated for Serial no 6 in the ratio of 1:3 | 2000.00 | 1 | 3 | 0 | 0.00 | 2000 | 0.45 | 2000 | |||||||||||||
| 7 | 20000 | 4 | 5.63 | 80000 | 5.34 | 23818 | 5954.50 | 6000.00 | 1 | 1 | 4 | 6.35 | 24000 | 5.38 | 182 | ||||||
| 8 | 24000 | 2 | 2.82 | 48000 | 3.20 | 14291 | 7145.50 | 6000.00 | 1 | 1 | 2 | 3.17 | 12000 | 2.69 | -2291 | ||||||
| 2000 additional share is allocated for Serial no 8 in the ratio of 1:2 | 2000.00 | 1 | 2 | 0 | 0.00 | 2000 | 0.45 | 2000 | |||||||||||||
| 9 | 26000 | 1 | 1.41 | 26000 | 1.74 | 7741 | 7741,00 | 8000.00 | 1 | 1 | 1 | 1.59 | 8000 | 1.79 | 259 | ||||||
| 10 | 30000 | 3 | 4.23 | 90000 | 6.01 | 26796 | 8932.00 | 8000.00 | 1 | 1 | 3 | 4.76 | 24000 | 5.38 | -2796 | ||||||
| 2000 additional share is allocated for Serial no 10 in the ratio of 1:3 | 2000.00 | 1 | 3 | 0 | 0.00 | 2000 | 0.45 | 2000 | |||||||||||||
| 11 | 32000 | 1 | 1.41 | 32000 | 2.14 | 9527 | 9527.00 | 10000.00 | 1 | 1 | 1 | 1.59 | 10000 | 2.24 | 473 | ||||||
| 12 | 40000 | 1 | 1.41 | 40000 | 2.67 | 11909 | 11909 00 | 12000.00 | 1 | 1 | 1 | 1.59 | 12000 | 2.69 | 91 | ||||||
| 13 | 50000 | 1 | 1.41 | 50000 | 3.34 | 14887 | 14887.00 | 14000.00 | 1 | 1 | 1 | 1.59 | 14000 | 3.14 | -887 | ||||||
| 14 | 66000 | 1 | 1.41 | 66000 | 4.41 | 19650 | 19650.00 | 20000.00 | 1 | 1 | 1 | 1.59 | 20000 | 4.48 | 350 | ||||||
| 15 | 70000 | 3 | 4.23 | 210000 | 14.02 | 62523 | 20841.00 | 20000.00 | 1 | 1 | 3 | 4.76 | 60000 | 13.45 | -2523 | ||||||
| 2000 additional share is allocated for Serial no 15 in the ratio of 1:3 | 2000.00 | 1 | 3 | 0 | 0.00 | 2000 | 0.45 | 2000 | |||||||||||||
| 16 | 78000 | 1 | 1.41 | 78000 | 5.21 | 23223 | 23223.00 | 24000.00 | 1 | 1 | 1 | 1.59 | 24000 | 5.38 | 777 | ||||||
| 17 | 118000 | 1 | 1.41 | 118000 | 7.88 | 35132 | 35132.00 | 36000.00 | 1 | 1 | 1 | 1.59 | 36000 | 8.07 | 868 | ||||||
| 18 | 150000 | 1 | 1.41 | 150000 | 10.01 | 44660 | 44660.00 | 44000.00 | 1 | 1 | 1 | 1.59 | 44000 | 9.87 | -660 | ||||||
| 19 | 156000 | 1 | 1.41 | 156000 | 10.41 | 46446 | 46446.00 | 46000.00 | 1 | 1 | 1 | 1.59 | 46000 | 10.31 | -446 | ||||||
| GRAND TOTAL | 71 | 100.00 | 1498000 | 100.00 | 446000 | 63 | 100.00 | 446000 | 100.00 | 0 | |||||||||||
| D. | Allocation to RETAIL CATEGORY (After Technical Rejections): The Basis of Allotment to Retail, at the issue price of Rs. 64 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 2,27 tunes i e, for Equity Shares the total number of shares allotted in category is 10,40.000 Equity shares to successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr.No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit (7)-(14) | |
| Before rounding off | After rounding off | |||||||||||||
| 1 | 2000 | 1178 | 100.00 | 2356000 | 100.00 | 1040000 | 882.85 | 2000.00 | 15 34 | 520 | 100.00 | 1040000 | 100.00 | |
| GRAND TOTAL | 1178 | 100.00 | 2356000 | 100.00 | 1040000 | 520 | 100.00 | 1040000 | 100.00 | |||||
The Board of Directors of the Company at its meeting held on April 11,2023 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz BSE Limited and on April 11.2023 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAN-cum-allotment advices and/or notices will be forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before April 11,2023. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to April 11.2023. 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 depositaries concerned. The Company is taking steps to get the Equity Shares admitted for trading on the BSE SME within six working days from the date of the closure of the issue.
Note: Ad capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated Apni 10,2023 (''Prospectus ").
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the issue. Link Intime India Private Limited at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name 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, nunmber of shares applied for and
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Link Intime India Private Limited |
| Address: 451. Krishna Apra Business Square, Netaji Subhash Place. Pitampura. Delhi, 110034, Tel No: +91 810 811 4949; Contact Person: Mr. Shanti Gopalkrishnan | |
| Email: exhiconevents.ipo@linkintime.co.in; Website: www.linkintime.co.in; SEBI Registration No.: INR000004058 |
| For Exhicon Events Media Solutions Limited | |
| On behalf of the Board of Directors | |
| Place: Mumbai | Sd/- |
| Date: April 11, 2023 | Company Secretary & Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OTTHE BUSINESS PROSPECT OF EXHICON EVENTS MEDIA SOLUTIONS LIMITED.
Disclaimer: Exhicon Events Media Solutions Limited has filed the Prospectus with the Registrar of Companies, Mumbai on April 11,2023 there after with SEBI and the Stock Exchange. The Prospectus is available on the website of BSE SME at https://www.bsesme.comand available on the websites of the BRIM at www.shareindia.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the RHP including the section titled "Risk Factors" beginning on page 18 of the Prospectus.
The Equity Shares have not been and will not be registered under the U S. Securities Act of 1933. as amended or any state securities laws in the United States, and unless so registered, and may not be issued or soW within the United States, except pursuant to an exemption from, i. or in a transaction not subject to. the registration requirements of the Securities Act, 1933 and in accordance with any applicable US. State Securities laws. The Equity Shares are being issued and sold outside the United Stares in 'offshore transactions' in reliance on Regulation "S" under the Securities Act, 1933 and the applicable laws of each jurisdiction where such issues and sales are made There will be no public offering in the United States.
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