| Basis of Allotment |
(This is only an advertisement for information purpose and not a Prospectus announcement) PALM JEWELS LIMITED (CIN: U36910GJ2005PLC046809) Our Company was originally incorporated as Shilvi Jewels Private Limited on September 22,2005 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat. Dadra and Nagar Havelli. Subsequently, the name of company was- changed to 'Palm Jewels Private Limited' on October 28,2016 under the Companies Act, 2013 vide certificate at incorporation issued by the Registrar of Companies, Gujarat. Dadra and Nagar Havelli. There arfter, Our Company was converted in to a public company and consequently name was changed to "Palm Jewels Limited" (PJL) vide fresh certificate of incorporation dated February 21,2018 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. For details of the changes in our name and registered office, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 90 of this Prospectus. Registered Office: G.F-37, Super Mall, Nr. Diamond, C.
O. Hou. Soc. Ltd, Nr. Lal Bunglow, C. G. Road, Ahmedabad - 380009, Gujarat, India; PROMOTER OF THE COMPANY: MR. ROHIT D. SHAH & MRS. CHETNA R. SHAH BASIS OF ALLOTMENT PUBLIC ISSUE OF 29,68,000 EQUITY SHARES OF FACE VALU E OF RS. 10/- EACH ("EQUITV SHARES") OF PALM JEWELS LIMITED ("OUR COMRANY" OR "THE ISSUER") FOR CASH AT A PRICE RS 30/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 20/'- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING T0 RS 890.40 LAKHS ("THE ISSUE"), OF WHICH 1,52,000 EQUITY SHARES OF FACE VALUE OF RS 10/-EACH FOR A CASH PRICE OF RS 30/- PER EQUITY SHARE. AGGREGATE TO RS 45.60 LAKHS WILL EE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTlON I.E. ISSUE OF 28,16,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH AT ANISSUE PRICE OF RS 30 PER EQUITY SHARE AGGREGATING TO RS 844.80 LAKHS ( lS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.20 % AND 38.14 %. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS.2009 (THE "SEBI ICDR REGULATIONS") AS AMENDED. THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE OF RS 30.00 IS 3.0 TIMES OF THE FACE VALUE.
PROPOSED LISTING: JUNE 12, 2018 The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the ChapterX-B of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received an approval letter dated May 11, 2018 from BSE Limited (the 'BSE') for using its name in the Offer document for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the designated Stock Exchange will be SME Platform of the BSE. 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 529 applications for 3,104,000 Equity Shares resulting in 1.0458
times subscription (including reserved portion of marked maker). The details of the
applications received in the issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange- BSE Limited on June 07, 2018.
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the
issue price of Rs. 30 per Equity Share, was finalized in consultation with BSE Limited.
The category was subscribed by 1.044266 times i.e. for 2,076,000 Equity Shares. Total
number of shares allotted in this category is 1,986,000 Equity Shares to 497 successful
applicants.
C. Allocation to Other than Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotmenl to Other than Retail
Individual Investors, at the issue price of Rs 30 per Equity Share, was finalized in
consultation with BSE Limited. The category was subscribed by 1.048309 times i.e. for
868,000 shares. The total number of shares allotted in this category is 828,000 Equity
Shares to 7 successful applicants.
The Board of Directors of the Company at its meeting held on June 07,2018 has approved
the Basis of Allotment of Equity Shares as approved hy the Designated Stock Exchange viz.
BSE at hs meeting held on June 07,2018 and has authorized the corporate action for the
transfer and allotment of the Equity Shares to various successful applicants. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Karvy Computershare Private Limited) at www.karisma.karvy.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; KARVY COMPUTERSHARE PRIVATE LIMITED
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 PALM JEWELS LIMITED |
|
|