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Our Company was originally incorporated at Delhi as * Funny Software Private limited' on 13th July, 2007 under the provisions of the Companies Act. 1956. Our Company was converted In to a Public Limited Company and consequently the name was changed to 'Funny Software Limited' vide fresh certificate of incorporation dated 23rd August, 2014 Issued by the Registrar of Companies. National Capital Territory of Delhi and Haiyana. 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 77 of the Prospectus. Registered Office: 407. Prabhat Kiran Building. Rajendra Place, New Delhi -110 008 Tel: +91-11 -4228 3003; Email: funnysoft@yahoo.com; Website: www.funnysoftwarelimited.com Contact Person & Compliance Officer: Ms. Gunjan Khanna, Company Secretary & Compliance Officer; PROMOTERS OF THE COMPANY: M/S. GLAMOUR STEELS PRIVATE LIMITED & MR. SACHIN SINGH BASIS OF ALLOTMENT PUBLIC ISSUE OF 32,80,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF FUNNY SOFTWARE LIMITED ('FSL' OR THE 'COMPANY' OR THE ISSUER') FOR CASH AT A PRICE OF RS 14 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 459.20 LACS ('THE ISSUE'), OF WHICH, 1,80,000 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 31,00,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.56% AND 25.10% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. In terms of Prospectus dated 23rd April, 2015 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 lor allocation in any other category, if so required. Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, it the retail individual investor is enittled to more than fifty percent, on proportionate basis, the retail individual investors shal be allocated that higher percentage. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 14 EACH. THE ISSUE PRICE IS 1.40 TIMES OF THE FACE VALUE. ISSUE OPENED ON 14TH MAY, 2015 AND CLOSED ON 20TH MAY, 2015. The Eguity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited (BSE') in terms of the chapter XB of the SEBI (ICDR)
Regulations. 2009 as amended from time to time, Company is not required to obtain an
in-principle approval of the shares being offered in this Issue. However Company has
received an approval tetter dated 15th April, 2015 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. SUBSCRIPTION DETAILS The Issue has received 98 applications for 37,30,000 Equity Shares (Including
Market Maker Application of 1,10,000 Equity Shares) resulting 1.137 times subscription.
There were no cheques return cases and accordingly the Issue was subscribed 1.137 times.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 28th Apnl. 2015 A. Allocation to Market Maker (After Technical Rejections A Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 14 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number ot shares allotted in this category is 1,80,000 Equity shares in full out of reserved portion of 1,80,000 Equity Shares. B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retai Individual Investors, at the issue price of Rs 14 per Equity Share, was finalized in consulation with BSE. The category was subscribed by 0.503 times. Total number of shares allotted In this category is 7,80,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections A Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 14 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.194 times. Total number of shares allotted in this category Is 23,50,000 Equity Shares including spill over 7,70,000 Equity Shares from Retail Category and additional 30.000 Equity Shares for the purpose of rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:
Trie Board of Directors of the Company at Its meetng heW on 29th May 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer ot 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 the address of the Applicants as registered with the depositories / as filled In the application term on or before 1st June, 2015. Further the instructions to Self Certified Syndicate Banks being processed on or prior to 1st June. 2015. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful appllicants 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 SME Platform of BSE Limited within Twelve working days from the date ol the closure of the Issue. The trading is proposed to be commenced on or before 3rd June, 2015 subject to receipt of listing and trading approvals from BSE Limrted. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline financial Services Private Limited at wwwskylinerta.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 detais at the address of the Registrar givin below: SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D153 A, 1st floor, Okhla Industrial Area,
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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 Funny Software IPO .
The Funny Software IPO basis of allotment (published above) tells you how shares are allocated to you in Funny Software IPO and category wise demand of IPO share.
Visit the Funny Software IPO allotment status page to check the number of shares allocated to your application.
In Funny Software 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 Funny Software IPO basis of allotment document to know how the shares are allocated in Funny Software IPO.
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