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September 14, 2016 - September 20, 2016

Radhika Jeweltech IPO Basis of Allotment

RADHIKA JEWELTECH LIMITED

Our Company was originally formed and registered as a partnership firm under the Partnership Act, 1932 ('Partnership Act') in the name and style of 'M/s Rahika Jewellers' pursuant to a deed of partnership dated July 1, 2014. Subsequently, the Constitution and Name of the partnership firm was changed to 'M/s. Radhika Jeweltech' pursuant to partnership deed dated May 21,2016. 'M/s. Radhika Jeweltech' was thereafter converted from a partnership firm to a public limited company under  Part I chapter XXI of the Companies Act, 2013 in the name of Radhika Jeweltech Limited' and received a certif icate of incorporation dated July 22,201 6 from the Deputy Registrar of Companies, Central Registration Center, Ministry of Corporate Affairs.

Registered office; 3-4-5 'Raj Shrungi' Complex. Palace Road, Rjkot, Gujarat-360001 Tel: +0281-2233100. 2225066; Fax: +0281-2241917: Website; www.radhikajeweltech.com

CIN: U27205GJ0216PLCO93O50
PROMOTER OF THE COMPANY: MR. ASHOKKUMAR MATHURDAS ZINZUWADIA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 66,00,000 EQLITY SHARES OF FACE VALUE OF RS 10/- EACH OF RADHIKA  JEWELTECH  LIMITED ('RJL' OR THE 'COMPANY' OR THE ISSUER') FOR CASH AT A PRICE OF RS 75 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 165 PER EQUITY SHARE (THE 'ISSUE PRICE AGGREGATING TO RS 4950.00 LAKHS ('THE ISSUE1'), OF WHICH 3,31,200 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 75 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 65 PER EQUITY SHARE AGGREGATING TO TO RS 248,40 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 62,68,600 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 75 PER EQUITY SHARE AGGREGATING TO RS 4701.60 LAKHS IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.97%  AND 26.56%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
in terms of Prospectus dated September 8.2016 and as per Regulation 43 (4) of SEBl (ICDR) Regulations, 2009 wherein (a) minirnum of 50 % of the Net Offer to Public shall be initially made available to Retail Individual Investors as the case may be (b) The balance net offer or shares to the public shall be made available for allotment to i) individual applicants other than retail investors and ii) other investors including corporate bodies / institutions irrespeolive of no. of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spillover from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Managerand the Designation Stock Exchange.
Explanation: for the purpose of Regulation 43 (4) of SEBl (ICDR) Regulations. 2009. if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

TH E FACE VALUE OF THE EQUITY SHARES IS RS 10/-EACH AND THE ISSUE PRICE IS RS 75/- EACH. THE ISSUE PRICE IS 7.5 TIME OF THE FACE VALUE, ISSUE OPENED ON 14th SEPTEMBER, 2016 AND CLOSED ON 20TH SEPTEMBER, 2016.

The Equity 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 letter dated September 6,2016 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

Details of the application
The Issue has received 399 (before technical rejections) applications for 69,34,400 Equity Shares (Including Market Maker Application of 3,31,200 Equity Shares): resulting 1.05 times subscription. The details of the applications received in the Issue (before technical rejections) areas follows:
Detail of the valid Applications Received (Before Technical Rejection & withdrawal   of application):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARE SUBSCRIPTION
Market Makers 1 3,31,200 1,00
Other than Retail individual Investor's 35 60,22,400 1.92
Retail Individual Investor's 363 5,80,800 0.18
TOTAL 399 69,34,400 1.05

The 8 Applications received in reatai1 individual investor category were rejected on tcchnical ground.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-BSE Limited on 22nd September, 2016.
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of  Rs. 75/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The tatal number of shares allotted in this category is 3,31,200 Equity shares in full out of reserved portion of 3,31,200 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. 75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.18 times. Total number of shares allotted in this category is 5,68,000:

No. of
Shares
Applied for
(Category
wise)

 

No. of
Applications
% to
Total
Total No.
of Equity
Shares
applied
%  of
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(Before
Rounding
Off
Allocation
par
Applicant
(After
Rounding
Off
Ratio of
Allottees to
the
Applicants
Total No.
of Equity
Shares
allotted
Surplus/
(Deficit)
1600 355 100,00 5,68,000 100 31,34,400 1600 1600 1:1 5.68.000 -25,66,400
Total 355 100.00 5,68,000 100 31,34,400 1600 1600 1:1 5,68,000 -25,66,400

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.92 times. Total number of shares allotted in this category is 57,00,800 including unsubscribed portion of 25 66.400 Equity Shares of Retail Individual Investors. The category wise basis of allotment is as under:

No.of
Shares Applied
for
Category wise)
Number of application
received
% to Total Total No. of
Shares applied in
each category
% to Total Proportionate
Shares
Available
Allocation
per
Applicant
Before rounding off
Allocation
per
Applicant
After rounding off
Ratio of allottees to
applicants
Total No. of
Share allocated/
allotted
Surplus/
(Deficit)
3200 5 14.29 16000 0.27 15146 3029.12 3200 1:1 16000 854
6400 3 8.57 19200 0.32 18175 6058.24 6400 1:1 19200 1025
8000 2 5.71 16000 0.27 15146 7572.79 8000 1:1 16000 854
16000 2 5,71 32000 0.53 30291 15145.59 14400 1:1 28800 -1491
1600 1:2 1600 1600
20800 1 2.86 20800 0.35 19689 19689.27 19200 1:1 19200 -489
30400 1 2.86 30400 0.50 28777 28776 62 28800 1:1 28800 23
40000 2 5,71 80000 1.33 75728 37863.97 38400 1:1 76800 1072
46400 2 5.71 92800 1.54 87844 43922.21 43200 1:1 86400 -1444
64000 1 2.86 64000 1.06 60582 60582.36 60800 1:1 60800 218
86400 1 2.86 86400 1.43 81786 81786.18 81600 1:1 81600 -186
88000 2 5.71 176000 2 92 166601 83300.74 83200 1:1 166400 -201
136000 1 2.86 136000 2.26 128738 128737.51 128000 1:1 128000 -738
148800 1 2.86 148800 2.47 140854 140853.99 140800 1:1 140800 -54
168000 1 2.86 168000 2.79 159029 15902869 158400 1:1 158400 -629
177600 1 2.66 177600 2.95 168116 168116.05 168000 1:1 168000 -116
206400 1 2.86 206400 3,43 195378 195378.11 195200 1:1 195200 -178
305600 1 2.86 305600 5.07 289281 289280.77 289600 1:1 289600 319
332800 1 2.86 332800 5.53 315028 315028.27 315200 1:1 315200 172
446400 1 2.86 446400 7.41 422562 422561.96 422400 1:1 422400 -162
534400 1 2.66 534400 8.87 505863 505862.70 505600 1:1 505600 -263
665600 2 5.71 1331200 22.10 1260113 630056,54 630400 1:1 1260800 687
800000 1 2.86 800000 13 28 757279 757279.49 756800 1:1 756800 -479
801600 1 2.86 801600 13.31 758794 758794.05 758400 1:1 758400 -394
Totai 35 100 6022400 100 5700800 5700800 0

The Board of Directors of the Company at its meeting held on 22'' September. 2010 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 of the Equity Shares / dispatch of share certificates to various successful applicants,

The CAN-cum-Refund Orders and alotment advice and/or notices are being dispatched to the address of the Applicants as reg istered with the depositories / as filled in the application form on or before 26' September. 2016. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 23th September, 2016. 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 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 six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 27th  September, 2016 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, Satellite Corporate Services Private Limited at www.satellitecorporate.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 numherof the Application Forn. 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:
SATELLITE CORPORATEERVICES  PRIVATE  LIMITED
B-302. Sony Apartment. Opp. St. Jude High School, 90 ft. Road.
Off Andheri Kurla Road. Jarimari, Sakinaka, Mumbai-400072.
Tel: +91 -22- 23520461 /462 Fax: +91 -22-28511809
SEBI REGN NO: INR000003639 Email Id: service@satellitecorporate.com 
Website: www.satellitecorporate.com   Contact Person: Mr. Michael Monteiro

Place: Mumbai

Date: September 23,2016

FOR RADHIKA JEWELTECH LIMITED
(ASHOK ZIZNZUWADIA)
CHAIRMANAN  AND MANAGING DlRECTOR

Radhika Jeweltech IPO Basis of Allotment FAQs

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 Radhika Jeweltech IPO .

The Radhika Jeweltech IPO basis of allotment (published above) tells you how shares are allocated to you in Radhika Jeweltech IPO and category wise demand of IPO share.

Visit the Radhika Jeweltech IPO allotment status page to check the number of shares allocated to your application.

In Radhika Jeweltech 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 Radhika Jeweltech IPO basis of allotment document to know how the shares are allocated in Radhika Jeweltech IPO.