| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY ANO 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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| VERTEXPLUS TECHNOLOGIES LIMITED |
| CIN: U72200RJ2010PLC033131 |
Our Company was originally incorporated on October 20, 2010 as "Vertexplus Technologies Private Limited" under the provisions of the Companies Act 1956 with toe Registrar of Companies, Rajasthan. Subsequently our Company was converted into Pubic Limited Company and name of company was changed from vertexplus Technologies Private Limited' to "Vertexplus Technologies Limited" vide fresh certificate of incorporation dated July 25, 2022 issued by the Registrar of Compares, Jaipur, For further details please refer to chapter titled "History and Corporate Structure" beginning on page 121 of the Prospectus
| Registered Office: B-19, Ground floor, 10-8 Scheme, Gopalpura Road, Jaipur -302018. Rajasthan, India Tel No.: +91-0141-6622200/02 Email: compliance@vertexplus.com, Website: www.vertexplus.com, CONTACT PERSON: MRS AKSHITA GOYAL COMPANY SECRETARY AND COMPLIANCE OFFICER. |
| PROMOTERS OF OUR COMPANY: MR. SANDEEP KUMAR PAHARIYA AND MRS. NIRU PAHARIYA |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 14,79,600 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH ("EQUITY SHARES") OF OUR COMPANY FOR CASH AT A PRICE OF Rs. 96 /- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs.86/- PER EQUITY SHARE) (ISSUE PRICE") AGGREGATING UP TO Rs.1420.42 LAKHS ("THE ISSUE") OF WHICH 74,400 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH FOR CASH AT A PRICE Of Rs. 96/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 86/- PER EQUITY SHARE AGGREGATING TO Rs. 71.42 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION") THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e NET ISSUE OF 14,05,200 EQUITY SHARES OF FACE VALUE OF Rs. 10/-EACH AT A PRICE OF Rs. 96/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 86/- PER EQUITY SHARE AGGREGATING TO Rs. 1348.99 LAKHS IS HEREIN AFTER REFERREO TO AS THE "NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.00% ANO 25.64%, RESPECTIVELY, OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| ISSUE PRICE: RS. 96.00 PER EQUITY SHARE OF FACE VALUE RS. 10/- EACH. |
| ANCHOR INVESTOR ISSUE PRICE: RS. 96.00 PER EQUITY SHARE THE ISSUE PRICE IS 9.6 TIMES OF THE FACE VALUE |
| RISKS TO INVESTORS: |
| • Our top ten customers have contributed 99.81%,99.20%, 99.60% & 98.80% of our revenues for the period ended September 30, 2022. March 31, 2022, March 31, 2021, March 31, 2020 based on Restated Standalone Financial Statements. |
| • The Merchant Banter associated with the Issue has handed 9 pubic issue in the past three years out of which issues closed below the Issue Price on Listing date |
| • Average cost of acquisition ol Equity Shares held by me Promoters, Mr. Sandeep Kumar Pahariya is Rs. 0.03- and Mrs. Niru Pahanya is Rs. 0.00/- |
| • The Issue Price at the upper end of the Price Band is Rs. 96/- per Equity Share |
| • Weighted Average Return on Net worth on consolidated basis for fiscals 2022, 2021, 2020 and 2019 is 23.69% |
| ANCHOR INVESTOR BIDDING DATE WAS: WEDNESDAY, MARCH 01, 2023 |
| BID/ISSUE OPENS ON: MARCH 02, 2023 (THURSDAY) BID/ISSUE CLOSES ON: MARCH 06, 2023 (MONDAY) |
The Issue was berg made through the Book Bulling Process, in terms of Rule 19(2) (b) of the Securities Contracts (Regulator) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBI ICDR
Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs")(the *QIB Portion*), Our Company in consultation with the BRLMs allocated up to 60% of the QIB Portion to Anchor investors on a discretionary basis (the "Anchor Investor Portion"), Further, not less than 15% of the Net issue shall be available for allocation on a proportionate basis to Non- institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICOR Regulations, subject to valid Bids being received from them at or above toe issue Price. All potential Bidders (except Anchor Investors) are required to mandatorily utilize the Application Supported by Blocked Amount ("AS8A") process providing details of their respective bank account (including UPID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors are not permitted to participate in the issue through the ASBA process. For delays see "Issue Procedure" on. page 241 of toe Prospectus.
The bidding for Anchor investors opened and closed on March 01, 2023. The company received 2 Anchor Investors application for 4,18,800 Equity Shares. The Anchor investor Allocation Price Was finalized at Rs. 96.00 per Equity Share A total of 4,15,200 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs. 3,98,59,200.
The issue (including Anchor Investor Portion) received applications for 1,59,08,400 Equity Shares (before technical rejections and after invalid bids Multiple/Duplicate) resulting in 10.75 times subscription (including reserved portion of market maker). The Details of the valid Applications received in the issue are for 1,57,69,200 Equity Shares from various
categories and are as under:
Detail of the Valid Applications Received:
| CATEGORY | NUMBER OF APPLICATIONS | NO OF SHARES | RESERVED | NO OF TIMES SUBSCRIPTIONS | AMOUNT |
| Anchor Investors | 2 | 4,18,800 | 4,15,200 | 1.01 | 4,02,04,800 |
| Market Makers | 1 | 74,400 | 74,400 | 1.00 | 71,42,400 |
| Qualified Institutional Buyers (excluding Anchor Investors) | 4.10,400 | 2,86,800 | 1.43 | 3 93,98,400 | |
| Other than Retail Individual Investors | 425 | 73,29,600 | 2,11,200 | 34.70 | 70,36,41,600 |
| Retail individual Investors | 6280 | 75,36,000 | 4,92,000 | 15.32 | 72,34,56,000 |
| TOTAL | 6709 | 1,57,69,200 | 14,79,600 | 10.66 | 1.51,38,43.200 |
Final Demand
A summary ol the final demand as per NSE as on the Bid 'Issue Closing Date at different Bid Prices is as under:
| S.No. | Bid Price | No. ol Bids | Bids Quanlity | % ol Tolal | Cumulative Total | % Cumulative Total |
| 1. | 91 | 13 | 15600 | 0.10 | 15600 | 0.10 |
| 2. | 92 | 1 | 1200 | 0 01 | 16800 | 0.11 |
| 3. | 93 | 2 | 2400 | 0.02 | 19200 | 0.12 |
| 4. | 95 | 1 | 1200 | 001 | 20400 | 0.13 |
| 5. | 96 | 4255 | 12835200 | 80.68 | 12855600 | 80.81 |
| 6. | 9999 | 2544 | 3052800 | 19-19 | 15908400 | 100.00 |
| TOTAL | 6816 | 15908400 | 100.00 | |||
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on March 10, 2023
1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price of Rs. 96.00 per equity shares. was finalized in consultation with NSE The category was subscribed by 15.32 times i .e. for 75,36,000 Equity Shares Total number of shares allotted in this category Is 4,92,000 Equity Shares to 410 successful applicants. The category wise details of the Basis of Allotment are as under:
| No. of Shares Applied (or (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | No. of Equity Shares allocated, allotted per Applicant | Ratio | Total Number ol shares allotted |
| 1200 | 6280 | 100. 00 | 75,36,000 | 100.00 | 1200 | 41:628 | 4,92,000 |
| TOTAL | 6280 | 100.00 | 75,36,000 | 100.00 | 4,92,000 |
2) Allocation to Mon-Institutional Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs. 96.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 34.70 times i.e. for 73,29,600 shares the total number of shares allotted in this category is 2,11,200 Equity Shares to 94 successful applicants. The category wise details of the Basis of Allotment are as under.
| No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No. of Equity Shares applied in this Category | % to total | No. of Equity Shares allocated/ allotted per Applicant | Ratio | Total Number of shares allotted | |
| 2400 | 210 | 49.41 | 5,04,000 | 6.88 | 1,200 | 2 | 35 | 14,400 |
| 3600 | 29 | 6.82 | 1,04,400 | 1.42 | 1,200 | 3 | 29 | 3,600 |
| 4800 | 27 | 6.35 | 1,29,600 | 1.77 | 1,200 | 1 | 9 | 3,600 |
| 6000 | 12 | 2.82 | 72,000 | 0.98 | 1,200 | 1 | 6 | 2,400 |
| 7200 | 7 | 1.65 | 50,400 | 0.69 | 1,200 | 1 | 7 | 1,200 |
| 8400 | 5 | 1.18 | 42,000 | 057 | 1,200 | 1 | 5 | 1,200 |
| 9600 | 9 | 2.12 | 86,400 | 1.18 | 1,200 | 2 | 9 | 2,400 |
| 10800 | 25 | 5.88 | 2,70,000 | 3.68 | 1,200 | 6 | 25 | 7,200 |
| 12000 | 14 | 3.29 | 1,68,000 | 2.29 | 1,200 | 2 | 7 | 4,800 |
| 13200 | 8 | 1.88 | 1,05,600 | 1.44 | 1,200 | 3 | 8 | 3,600 |
| 14400 | 3 | 0.71 | 43,200 | 0.59 | 1,200 | 1 | 3 | 1,200 |
| 15600 | 5 | 1.18 | 78,000 | 1.06 | 1,200 | 2 | 5 | 2,400 |
| 16800 | 3 | 0.71 | 50,400 | 0.69 | 1,200 | 1 | 3 | 1,200 |
| 18000 | 5 | 1.18 | 90,000 | 1.23 | 1,200 | 2 | 5 | 2,400 |
| 19200 | 4 | 0.94 | 76,800 | 1.05 | 1,200 | 1 | 2 | 2,400 |
| 20400 | 2 | 0.47 | 40800 | 0.56 | 1,200 | 1 | 2 | 1,200 |
| 21600 | 6 | 1.41 | 1,29,600 | 1.77 | 1,200 | 1 | 2 | 3,600 |
| 22800 | 1 | 0.24 | 22,800 | 0.31 | 1,200 | 1 | 1 | 1,200 |
| 24000 | 5 | 1.18 | 1,20,000 | 1.64 | 1,200 | 3 | 5 | 3,600 |
| 30000 | 7 | 1.65 | 2,10,000 | 2.87 | 1,200 | 5 | 7 | 6,000 |
| 31200 | 1 | 0.24 | 31,200 | 0.43 | 1,200 | 1 | 1 | 1,200 |
| 34800 | 3 | 0.71 | 1,04,400 | 1.42 | 1,200 | 2 | 3 | 2,400 |
| 36000 | 4 | 0.94 | 1,44,000 | 1.96 | 1,200 | 3 | 4 | 3,600 |
| 37200 | 1 | 0.24 | 37,200 | 0.51 | 1,200 | 1 | 1 | 1,200 |
| 44400 | 1 | 0.24 | 44,400 | 0.61 | 1,200 | 1 | 1 | 1,200 |
| 46800 | 1 | 0.24 | 46,800 | 0.64 | 1,200 | 1 | 1 | 1,200 |
| 48000 | 2 | 0.47 | 96,000 | 1.31 | 1,200 | 1 | 1 | 2,400 |
| 49200 | 1 | 0.24 | 49,200 | 0.67 | 1,200 | 1 | 1 | 1,200 |
| 51600 | 3 | 0.71 | 1,54,800 | 2.11 | 1,200 | 1 | 1 | 3,600 |
| 1200 additional equity shares allocated in ratio of 1:3 | 1.200 | 1 | 3 | 1,200 | ||||
| 57600 | 1 | 0.24 | 57,600 | 0.79 | 1,200 | 1 | 1 | 1,200 |
| 60000 | 3 | 0.71 | 1,80,000 | 2.46 | 1,200 | 1 | 1 | 3,600 |
| 1200 additional equity shares allocated in ratio of 1:3 | 1,200 | 1 | 3 | 1,200 | ||||
| 64800 | 1 | 0.24 | 64,800 | 0.88 | 2,400 | 1 | 1 | 2,400 |
| 66000 | 1 | 0.24 | 66,000 | 0.90 | 2,400 | 1 | 1 | 2,400 |
| 72000 | 1 | 0.24 | 72,000 | 0.98 | 2,400 | 1 | 1 | 2,400 |
| 87600 | 1 | 0.24 | 87,600 | 1.20 | 2,400 | 1 | 1 | 2,400 |
| 1200 additional equity shares allocated in ratio of 1:2 | 1,200 | 1 | 2 | 1.200 | ||||
| 104400 | 1 | 0.24 | 1,04,400 | 1.42 | 2,400 | 1 | 1 | 2,400 |
| 120000 | 1 | 0.24 | 1,20,000 | 1.64 | 3,600 | 1 | 1 | 3,600 |
| 129600 | 1 | 0.24 | 1,29,600 | 1.77 | 3,600 | 1 | 1 | 3,600 |
| 157200 | 1 | 0.24 | 1,57,200 | 2.14 | 4,800 | 1 | 1 | 4,800 |
| 210000 | 1 | 0.24 | 2,10,000 | 2.87 | 6,000 | 1 | 1 | 6,000 |
| 277200 | 1 | 0.24 | 2,77,200 | 3.78 | 8,400 | 1 | 1 | 8,400 |
| 360000 | 1 | 0.24 | 3,60,000 | 4.91 | 10,800 | 1 | 1 | 10,800 |
| 388800 | 1 | 0.24 | 3,88,800 | 5.30 | 10,800 | 1 | 1 | 10,800 |
| 520800 | 1 | 0.24 | 5,20,800 | 7.11 | 14,400 | 1 | 1 | 14,400 |
| 522000 | 1 | 0.24 | 5,22,000 | 7.12 | 15,600 | 1 | 1 | 15,600 |
| 703200 | 1 | 0.24 | 7,03,200 | 9.59 | 20,400 | 1 | 1 | 20,400 |
| TOTAL | 425 | 100.00 | 73,29,600 | 100.00 | 2,11,200s | |||
3) Allocation to QIBs excluding Anchor Investors (Alter Technical Rejections): The Basis of Allotment to QIBs. who have bid at Issue Price of Rs. 96.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.43 times i.e. for 4,10,400 shares the total number of shares allotted in this category is 2,86,800 Equity Shares to 1 successful applicants. The category wise details of the Basis of Allotment are as under:
| Category | FIS/BANKS | MF'S | IC’S | NBFC'S | AIF | FII | VC'S | TOTAL |
| QIB | - | - | - | - | - | 2,86,800 | - | 2,86,800 |
4) Allocation to Anchor Investors (Alter Technical Rejections): The Company in consultation with the BRLM has allotted 4,15,200 Equity Shares to 2 Anchor Investors at Anchor Investor Issue Price of Rs. 96.00 per equity shares in accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:
| CATEGORY | FIS/BAMKS | MFS | ICS | NBFC'S AIF | Fll | OTHERS | TOTAL |
| ANCHOR | - | - | - | - | 4,15,200 | - | 4,15,200 |
The Board of Directors of the Company at its meeting held on March 10, 2023 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz, NSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants The CAN-cum-allotment advices and/or notices will 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 March 13, 2023. Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount will process on or prior to March 13, 2023. In case the same is not received within ten 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 NSE EMERGE 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 March 09, 2023 ('Prospectus') Wed with Registrar of Companies, Jaipur.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrarto the issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinerta.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting lull name of the First/ Sole applicants, serial number of the Bid cum 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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| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED | |
| SEBI Registration Number: INR000003241 | |
| Address: D-153A. 1st Floor, Okhla Industrial Area Phase-I, New Delhi - 110020. India. Tel. Number: 011-40450193-197 Fax: 011-26812683 | |
| Email Id: compliences@skylinerta.com, Investors Grievance Id: grievances@skylinerta.com, Website: www.skylinerta.com | |
| Contact Person: Ms. Rati Gupta CIN: U74899DL1995PTC071324 | |
| For Verlexplus Technologies Limited | |
| On behalt oF the Board oF Directors | |
| Sd/- | |
| Mr. Sandeep Kumar Paharlya | |
| Date: March 13, 2023 | Managing Director |
| Place: Jaipur | DIN: - 00514815 |
THE LEVEL OF SUBSCRIPTION SHOULO NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF VERTEXPLUS TECHNOLOGIES LIMITED.
Vertexplus Technologies Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Jaipur. The Prospectus is available on the website of SEBI at www.sebi.gov.in, website of the Book Running Lead Manager at www.beelinemb.com, website of the NSE at www.nserndia.com and website of Issuer Company at www.vertexplus.com. Investors should note that investment in Equity Shares invokes a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 23 of the Prospectus, which has been filed with ROC The Equity Shares have riot been and will not be registered under the US Securities Act (the ‘Securities Act') or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S 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.
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