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ENCASH ENTERTAINMENT LIMITED Our Company was originally incorporated in Kolkata as 'Brindavan Suppliers Private Limited' On 28th March. 2008, under the Companies Act 1956 vide certificate of incorporation issued by the Registrar of Companies, West Bengal. Subsequently on 21th March, 2011 the name of our company was changed to 'Encash Entertainment Private Limited'. Our Company was converted in to a public limited company and consequently the name was changed to 'Encash Entertainment Limited' vide fresh certificate of incorporation dated 29th July. 2013 issued by the Registrar of Companies, Kolkata, West Bengal. For further details in relation to the changes to the name of our Company, please refer to the section titled 'Our History and Corporate Structure' beginning on page 78 of the Prospectus. Registered office: 9. Lal Bazar Street, 3rd
Floor, Mercantile Building, Kolkata -700001. PROMOTERS OF THE COMPANY: MR. SACHET SARAF, MRS. RASHMl SARAF & M/S. ENCASH SECURITIES LIMITED. PUBLIC ISSUE OF 10,98,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ENCASH ENTERTAINMENT LIMITED ('EEL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 40/- PER SHARE (T'HE 'ISSUE PRlCE'), AGGREGATING TO RS. 439.20 LACS ('THE ISSUE'), OF WHICH, 60.000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 10,38,000 EQUITY SHARES OF RS, 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE' THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.18% AND 26.64%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. In terms of Prospectus dated 4th August, 2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to shall be initially made available to Retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants: other than retail investors and b) other investors including corporate bodies/ institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer 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; for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations. 2009, if the retail individual investor is entitled to more, than fifty percent, on proportionate basis, the retail individual investors shall oe allocated that higher percentage. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 40 EACH. THE ISSUE PRICE IS 4.00 (FOUR) TIMES OF THE FACE VALUE. ISSUE OPENED ON 9th SEPTEMBER, 2014 AND CLOSED ON 15th SEPTEMBER, 2014. The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms at the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an principle approval of the shares being offered In this issue. However Company has received an approval letter dated 14th July, 2014 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE, The designated stock exchange is BSE Limited. All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by proving 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 482 applications for 18,18,000 Equity Shares (Including Market Maker Application of 60,000 Equity Shares) resulting 1.656 times subscnption. After considering, cheque return cases of 20 application of 60,000 Equity Shares, the Issue was subscribed 1.601 times. The details of the applications received in the fesue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applicalions Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 25th September, 2014. A. Allocationto Non retail Investors (After Technical Rejections & Withdraws): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share was finalised in consultation with BSE, The category was subscribed by 1.00 times. The total number of shares allotted In this category is 60,000 Equity sheres in full out of reserved portion of 60,000 Equity Shares. 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. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.306 times.Total number of shares allotted in this category is 7,44,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non Retail I Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.913 times. Total number of shares allotted in this category is 2,94,000 Equity Shares. The category wise basis of allotment is as under.
The Board of Directors of the Company at its meeting held on 25th September, 2014 has taken on record the Basis al Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants. the CAN-cum-Refund Orders and allotment advice and /or notices are being dispatched to me address of the Applicants as registered with the depositories / as filled in the application form on or before 26th September. 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 26th September, 2014. 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 benificiary accounts subiect 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 SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 29th September, 2014 subject to receipt of listing and trading approvals from BSE Limited. INVESTORS PLEASE NOTE The details of the allotment made would also be Hosted on the website of the Registrar to the issue, C B Management Services Private Limited at www.cbmsl.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: CB MANAGEMNT SERVICES PRIVATE LIMITED
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The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
See the basis of allotment document above to know how the shares are allocated in Encash Entertainment IPO .
The Encash Entertainment IPO basis of allotment (published above) tells you how shares are allocated to you in Encash Entertainment IPO and category wise demand of IPO share.
Visit the Encash Entertainment IPO allotment status page to check the number of shares allocated to your application.
In Encash Entertainment IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the Encash Entertainment IPO basis of allotment document to know how the shares are allocated in Encash Entertainment IPO.
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