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SIROHIA & SONS LIMITED Our Company was originally incorporated in Kolkata as 'Sirohia & Sons Private Limited' on 28th May, 1990 under The Companies Act, 1956 vide certificate of incorporation issued by the Registrar of companies, West Bengal. Our Company was subsequently converted in to a public limited company and consequently name was changed to 'Sirohia & Sons Limited' vide fresh Certificate of incorporation dated 18th June, 2013 issued by the Registrar of companies, West Bengal. For further details in relation to the change in the name of our comapny, please refer to the section titled 'History and certain Corporate Information' beginning on page 65 of the Prospectus. Registered Office: 16 Bonefields Lane, Kolkata: 700
001. Telefax: +91-33-2242 6141 PROMOTERS OF THE COMPANY: MR. RAKESH SIROHIA, MR. RAJESH SIROHIA, MR. RAJAT SIROHIA.MR. JITENDRA SIROHIA & RUTTONPORE TEA COMPANY PRIVATE LIMITED BASIS OF ALLOTMENT PUBLIC ISSUE OF 30,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF SIROHIA & SONS LIMITED ('SSL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 12/ - PER SHARE INCLUDING A PREMIUM OF RS. 2/- PER SHARE {THE 'ISSUE PRICE'), AGGREGATING TO RS. 360.00 LACS ('THE ISSUE'), OF WHICH, 1,50,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.e., ISSUE OF 28,50,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.25 % AND 27.79%, RESPECTIVELY OF THE POST ISSUE PAID UP ECUITY SHARE CAPITAL OF THE COMPANY.THIS BEING A FIXED PRICE, AS PER SUB CLAUSE [4} OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED {THE 'SEBI REGULATIONS'), OUT OF THE NET OFER OF 28,50,000 EQUITY SHARES, NOT LESS THAN 50 % SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS. THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE. THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 1.2 {ONE
POINT TWO)TIME THE FACE VALUE. The Equity Shares, of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE') in terms of Chapter XB of the SEBI (ICDR) Regulations,2009 as amended from time to time, we are not required to obtain an in principle listing approval from BSE. However, of our company has received an approval via letter dated 16th may 2014 from BSE for using its name in the offer document for listing of our comapany shares on the SME platform of BSE. BSE shall be the Designated Stock Excange for the purpose of the Issue. The trading Is proposed to be commenced with effect from Wednesday 24th day of September 2014*. *Subject to receipt of listing and trading approvals, from the BSE Limited. This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 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 intially be made available for allotment to retail individual investors. The balance net offer 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. The unsubscribed portion of the net offer to any one of the categaries sppecified above shall/ may be made available for allocation to applicants in the other category, if so required. All Applicants were allotted to participate in the issue through APPLICATIONS SUPPORATED 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 Issue has received 277 applications for 4550000 Equity Shares resulting in 1.52 times, subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rajections) are as follows: Detail of the Applications Received (Before Technical Rejections)
In the event of oversubscription, the allotment will be made oa na porportionate basis in marketable lots. There was oversubscription of 815000 Equity Shares in retail Category and 635000 Equity Shares in Non retail Category. As per Regulation 43(4) of SEBI {ICDR) Regulations, 2009, the allotment in retail and non retail category was revised to 52.09% and 47.91% respectively. further, due to rounding-off for lot size of 10000 equity shares the final allotment in retail and non retail category is determined as 52.28% and 47.72% respectively. The Basis of allotment was finalized with the Designated Stock Exchange BSE Limited on 19th September, 2014. A. Allotment to Market Maker (After Technical rejections): The Basis of Allotment to the market Maker, at the issue price of Rs. 12/- per Equity Share, was finalised in consultation with BSE. The category was oversubscribed by 1.00 times. The total Number of Shares allotted in this category is 1,50,000 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. 12/- per Equity Shares, was finalised in consultation with BSE. The total number of shares allocated in this category is 1490000 Equity shares after adjusting for the purpose of rounding off to the nearest multiple of 10000 equity shares (lot size). The category was subscribed by 1.50 times. The category wise basis of allotment is as under:
C Allocation to other than Retail individual investors (After Technical rejections): The Basis Of allotment to the Non Institutional Investors, at the issue price of Rs. 12/- per Equity shares, was finalised in consultation with BSE. The total number of shares allocated in this category is 1360000 Equity Shares after adjusting for the purpose of rounding off to the nearest multiple of 10000 Equity Shares (Lot Size). The category was subscribed by 1.51 times. The category wise basis of allotment is as under:
The Board of Directors the Company at its meeting held on 19th Seplember, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock exchange viz. BSE and has authorized the oorporate action for the transfer of the Equity Shares to various successful applicants The CANcum-refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on 20th September, 2014. Further, the intructions to Self Certified Syndicate Banks have been dispatched on or prior to 20th 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 beneficiary accounts subject to validation of the account details viith 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. INVESTORS PLEASE NOTE The details of the allotment made would Also be hosted on the website of the Registrar to the Issue, Adroit Corporate Services Private Limited. www.adroitcorporate.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 nuber 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: ADROIT CORPORATE 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 Sirohia & Sons IPO .
The Sirohia & Sons IPO basis of allotment (published above) tells you how shares are allocated to you in Sirohia & Sons IPO and category wise demand of IPO share.
Visit the Sirohia & Sons IPO allotment status page to check the number of shares allocated to your application.
In Sirohia & Sons 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 Sirohia & Sons IPO basis of allotment document to know how the shares are allocated in Sirohia & Sons IPO.
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