Kuberan Global Edu Solutions IPO Basis of Allotment

KUBERAN GLOBAL EDU SOLUTIONS LIMITED

Out Company was originally incorporated as "Kuberan Global Edu Solutions Limited" as Public Limited Company under the provisions of Companies Act. 1956 vide Certificate of Incorporation dated May 22, 2013 bearing Corporate Identity Number is U80900TZ2013PLC019519 issued by Registrar of Companies, Tamil Nadu Coimbatore. For further details pertaining to the change in Registered Office of our Company, please refer to the section titled "Our History and Corporate Structure" beginning on page 132 of the Prospectus.

PUBLIC ISSUE OF 5,58,000* EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF KUBERAN GLOBAL EDU SOLUTIONS LIMITED ("KGESL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 10/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 111.60 LAKHS ("THE ISSUE"), OF WHICH 30,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- FOR CASH AT A PRICE OF RS. 20/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 10/- PER EQUITY SHARE AGGREGATING TO RS 6.00 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 5.28.000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS 20/- PER EQUITY SHARE AGGREGATING TO RS. 105.60 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.49 % ANO 25.06 %, RESPECTIVELY OF THE POST ISSUE PAIO UP EQUITY SHARE CAPITAL OF OUR COMPANY.

"Our Company had undertaken a Pre-IPO Placement of 40,000 Equity shares for cash at a price of Rs. 20/- per Equity shares aggregating to Rs. 8.00 Lakhs pursuant to the Board Resolution dated August 09, 2020. The fresh Issue of up to 6,00,000 Equity shares has been reduced by 40,000 Equity shares pursuant to Pre - IPO Placement and accordingly the fresh issue is 5,58,000 Equity shares, subject to a minimum issue size of 25% of the post issue paid up equity share capital being issued to the public. The Equity Shares allotted under the Pre-IPO Placement, is subject to a lock-in period of one (1) year from the date of Allotment pursuant to the Issue.

PROPOSEO LISTING

The Equity Shares of the Company offered through the Prospectus dated March 25, 2021 are proposed to be listed on the Start-ups Platform of BSE Limited ("BSE Startups'') in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. The trading is proposed to be commenced on or before May 05, 2021.

Our Company has received an In-Principle Approval dated November 09, 2020 from BSE Limited for listing our shares and also for using its name in the offer document for listing of our shares on Start-ups Platform of BSE Limited. It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by BSE, nor does it certifies the correctness, accuracy or completeness of any of the content of the Prospectus. For the purpose of the Issue BSE Limited will be the Designated Stock Exchange.

The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 as amended from time to time, wherein a minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) Individual applicants other than retail Individual investors: and (ii) other investors Including corporate bodies or institutions, irrespective of number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Further, if the retail individual investor category is entitled to more than fifty per cent of the issue size on a proportionate basis, the retail individual investors shall be allocated that higher percentage.

All investors have participated in this offer through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs') / Sponsor Bank as the case may be.

DETAILS OF THE APPLICATION:

The Issue has received 209 applications (before rejections and after bids not banked) for 5,58,000 Equity Shares (Including Market Maker Application of 30,000 Equity Shares) resulting 2.47 times subscription. The details of the applications received in the Issue (before technical rejections but after bids not banked) are as follows:

DETAILS OF VALID APPLICATIONS RECEIVED (BEFORE TECHNICAL REJECTION AND AFTER BIDS NOT BANKED)

*Subscription time have been computed on the basis of the issue size as per the Prospectus.

DETAILS OF BIDS NOT BANKED ARE AS FOLLOWS:

DETAILS OF APPLICATIONS REJECTED BY THE REGISTRARON TECHNICALGROUNDS ARE AS FOLLOWS:

DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):

*Based on revised allocation.

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Limited on April 30, 2021

A. Allocation lo Market Maker (After Technical Rejections):

The basis of Allotment to the Market Maker, at the Issue price of Rs. 20/- per Equity Share, was finalised in consultation with BSE Start-ups. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 30,000 Equity shares in lull out of reserved portion of 30,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalized in consultation with BSE Start-ups. The category was subscribed by 2.46 times. Total number of shares allotted in this category is 11,22,000 Equity shares.

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Other than Retail individual Investors, at the issue price of Rs. 20/- per Equity Share, was finalized m consultation with BSE Start-ups. The category was subscribed by 2.58 times. Total number of shares allotted in this category is.

The Boa/d of Directors of the Company at its meeting held on April 30, 2021 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz, BSE Start-ups and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form 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 form cm or before May 03, 2021. Further, the instructions to Self-Certified Syndicate Banks being processed on or before May 03, 2021 for unblocking fund In case the same is not received within Four (4) 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 BSE Start-ups within Six (6) working days from the date of the closure of the Issue The trading is proposed to be commenced on or before May 05, 2021 subject to receipt of listing and trading approvals from the BSE Limited.

INVESTORS, PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue Bigshare Services Private Limited at www.bigshareonline.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:

	REGISTRAR TO THE ISSUE
	BIGSHARE SERVICES PRIVATE LIMITED,1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East. Mumbai -400 059, Maharashtra, India
	Tel. No: 02262638200 | E-mail Id: ipo@bigshareonline.com | Website: www.bigshareonline.com
	Contact Person: Babu Raphael SEBI Registration No: INR000001385

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 KUBERAN GLOBAL EDU SOLUTIONS LIMITED

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them In the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law In United States and will 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 Regulations 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.