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FRANKLIN LEASING AND FINANCE LIMITED (CIN No.: U748990L1992PLC048028) Our Company was incorporated as Franklin Leasing and Finance Private Limited on March 16,1992 underthe Companies Act, 1956, bearing Registration No. 048028 having its Registered office in Delhi. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution passed by the members of our Company at the EGM held on September 10,2013 and the name of our Company was changed to Franklin Leasing and Finance Limited. A fresh Certificate of Incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Finance Limited Registrar of Companies, Delhi. For further details regarding the changes in our name and registered office, please see the chapter titled 'History and Certain Corporate Matters' beginning on page 89 of the Prospectus. Registered Office: Unit No.205,2nd Floor, Aggarwal City Mall,
Road No. 44, Pitampura, Delhi -110034. PROMOTERS OF THE COMPANY: MR. PAWAN DALMIA AND M/S. CONFIDENT FINANCIAL ADVISORY PVT. LTD. BASIS OF ALLOTMENT PUBLIC ISSUE OF 42,24,000 EQUITY SHARES OF RS 10/- EACH ('EQUITY SHARES') OF FRANKLIN LEASING AND FINANCE LIMITED ('FLFL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 15/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 633.60 LAKHS ('THE ISSUE'), OF WHICH, 2,24,000 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 MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 40,00,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.76% AND 25.34%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS 1.50 TIMES
OF THE FACE VALUE. ISSUE OPENED ON MARCH 30,2016 AND CLOSED ON APRIL 05,2016. This being a Fixed Price Issue, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs'). SUBSCRIPTION DETAILS The Net Issue has received 224 applications for 42,08,000 Equity Shares resulting in
1.05 times subscription. The details of the applications received in the Net Issue (before
and aftertechnical rejections) are as follows:
Note: The Issue also includes 2,24,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejections.In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 6,32,000 Equity Shares in Retail Category & over subscription 7,76,000 Equity Shares in Non - Retail Category, before spill over. The unsubscribed portion of Retail Category i.e. 6,32,000 Equity Share has been added to the Non-Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on April 08,2016. A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 15/- 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 2,24,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 20,00,000 Equity Shares. The category was subscribed by 0.68 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Category (After Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 26,32,000 Equity Shares including unsubscribed portion of Retail Category. The category was subscribed by 1.05 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on April 09, 2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action forthe allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on April 11,2016 for unblocking of funds. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before April 13,2016 subject to receipt of listing and trading approvals from BSE. Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated March18,2016
('Prospectus'). SKYLINE FINANCIAL 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 Franklin Leasing IPO .
The Franklin Leasing IPO basis of allotment (published above) tells you how shares are allocated to you in Franklin Leasing IPO and category wise demand of IPO share.
Visit the Franklin Leasing IPO allotment status page to check the number of shares allocated to your application.
In Franklin Leasing 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 Franklin Leasing IPO basis of allotment document to know how the shares are allocated in Franklin Leasing IPO.
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