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SONU INFRATECH LIMITED | |
CIN: U45500GJ2017PLC099276 |
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 Sonu Enterprises", pursuant to a deed at partnership dated September 01, 2001. The constitution of partnership firm was changed on November 14th, 2014. Thereafter the constitution of partnership firm was changed on July 6, 2017 by admission of partners Subsequently. "M/s. Sonu Enterprises" was converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act, 2013 in the name of "Sonu Infratech Limited" and received a certificate of incorporation dated September 29, 2017 from the Central Registration Center Registrar of Companies. The Corporate Identification Number of our Company is U45500GJ2017PLC099276 For details of change in registered office of our Company, please refer to chapter titled "HISTORY AND CORPORATE STRUCTURE" beginning on page no. 136 of the Prospectus
Registered office: Platinum 404, 4th Floor Park Colony, Opp. Joggers Park Jamnagar -361008, Gujarat. |
Website: www.sonuinfratech.com E-Mail: info@sonuinfratech.com Telephone No: 0288-2555089 |
Company Secretary and Compliance Officer: Ms. Puja Paras Mehta |
PROMOTERS OF THE COMPANY: MR. RAMJI SHRINARAYAN PANDEY AND MR. KETAN VALLABHDAS MODI |
BASIS OF ALLOTMENT SME IPO (NSE EMERGE) |
PUBLIC ISSUE OF 24,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF SONU INFRATECH LIMITED ("SONU" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OFT 26 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 864.00 LAKHS ("THE ISSUE"), OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 26 PER EQUITY SHARE AGGREGATING TO RS. 20 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 22,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 36 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 26 PER EQUITY SHARE AGGREGATING TO RS 20.80 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.57% AND 29.04% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms at The Prospectus dated April 25, 22 and as per 253(2) of the SEBI (ICDR) Regulations, 2018 wherein allocation in the net offer to the public category shall be; (a) minimum of 50 % to Retail Individual Investors and (b) remaining to i) individual applicants other man 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 the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.
Explanation: If the retail individual investor category is entitled to more than fifty per cent, of the Net issue size on a proportionate basis, the retail individual Investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 36/- EACH INCLUDING A SHARE PREMIUM OF RS 26/- PER EQUITY SHARE. THE ISSUE PRICE IS 3.6 TIMES OFTHE FACE VALUE. THE ISSUE WAS OPENED ON FRIDAY, APRIL 29, 2022 AND CLOSED ON THURSDAY, MAY 05, 2022.
The Equity Shares offered through me Prospectus arc proposed to be listed on Emerge Platform of National Stock Exchange of India Ltd. (NSE) in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received in principle approval letter dated March 15, 2022 from NSE for using its name in this offer document for listing our shares on the Emerge Platform of NSE for the purpose of this issue, the designated Stock Exchange will be the NSE.
SUBSCRIPTION DETAILS
Details of Applications: The Issue has received 5367 applications (before Technical Rejections for 88 applications of 330000 Equity Shares but after removing 3659 applications for 12486000 shares for which 'bid filed but not banked) for 28839000 Equity Shares (including Market Maker Application of 120000 Equity Shares) resulting 12.0163 times
The details of the valid applications received in the Issue (after Technical Rejections for 88 applications of 330000 Equity Shares and alter removing 3659 applications for 12486000 shares for which "bid filed but not banked) are as follows:
Category | Number of Applications | Number of Equity Shares | Subscription Ratio (Alter Revised Subscription) |
|
Market Makers | 1 | 120000 | 1.0000 Time |
|
Retail Individual Investor's | 4938 | 14814000 | 12.4383 Times* |
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Non-Retail Investor's | 340 | 13575000 | 12.4656 Times* |
|
Total | 5279 | 28509000 | Overall | 11.8788 Times |
Total 80 applications for 240000 shares in Retail individual Investors were rejected on technical grounds Total 8 applications (or 90000 shares in Other than Retail Category v/ere rejected on technical grounds. Further, there was no withdrawal of application in any of the category.
*After revised subscription (original allocation was for 1140000 Equity Shares and allotment was made for 1191000 Equity Shares in retails category and in original Allocation was for 1140000 Equity Shares and allotment was made for 1089000 Equity Shares in other than retail category).
ALLOCATION: The Basis of Allotment was Finalized in consultation with the Designated Stock Exchange being NSE on May 10, 2022
A. | Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 36/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 10000 time The total number of shares allotted in this category is 120000 Equity shares, out of reserved portion of 120000 Equity Shares |
B. | Allocation lo Retail Individual Investors (Alter Technical Rejections & Withdrawal, if any): The Basis of Allotments the Retail individual Investors, at the issue price of Rs. 36/- per Equity Share, was finalized In consultation with NSE, The category was subscribed by 12.4383 times (As per Revised Subscription). Total number of shares allotted in this category are 1191000 Equity Share as under: |
No. of Shares Applied for (Category wise) | No. of Applications received | % to total | Total No, of Equity Shares applied | % of total | Proportionate Shares Available | Allocation per Applicant (Before Rounding Off | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to the Applicants | Serial Number of Qualitying applicants | Number of Successful Applicants (After Rounding Off) | % to Total | Total No. of Equity Shares allocated /allotted | % to Total | Surplus/ (Deficit) |
3000 | 4930 | 100.00 | 14814000 | 100.00 | 1191000 | 241.19 | 3000 | 3974938 | As below | 397 | 100.00 | 1191000 | 100.00 | 0 |
TOTAL | 4936 | 100.00 | 14814000 | 100.00 | 1191000 | 397 | 100.00 | 1191000 | 100.00 | 0 |
Serial Number of Qualifying applicants -Retail Individual Investors;
8, 33, 60 69, 70, 78, 90, 109, 116, 138, 142, 145, 148, 197, 200, 211, 222, 233, 235, 239, 255, 259, 267, 284, 287, 294, 297, 310, 311, 330, 351, 358, 381, 408, 415, 498, 501, 502, 506, 532, 558, 571, 598, 607, 615, 625, 644, 654, 668, 683, 686, 689, 693, 711, 714, 723, 747, 749, 755, 761, 773, 795, 798, 801, 815, 825, 847, 852, 853, 861, 868, 875, 882, 893, 906, 908, 946, 960, 993, 998, 999, 1005, 1053, 1054, 1061, 1071, 1090, 1096, 1098, 1104, 1115, 1139, 1149, 1167, 1210, 1217, 1219, 1228, 1229, 1242, 1287, 1290, 1315, 1343, 1352, 1366, 1374, 1401, 1411, 1450, 1492, 1493, 1513, 1527, 1529, 1538, 1539, 1552, 1554, 1568, 1570, 1603, 1611, 1622, 1650, 1660, 1668, 1676, 1693, 1695, 1715, 1716, 1727, 1735, 1751, 1758, 1785, 1801, 1804, 1813, 1821, 1827, 1840, 1860, 1875, 1876, 1881, 1894, 1896, 1907, 1939, 1943, 1950, 1951, 1952, 1965, 1977, 1981, 1983, 1993, 1998, 2078, 2093, 2094, 2096, 2098, 2105, 2121, 2125, 2128, 2139, 2147, 2152, 2156, 2160, 2174, 2177, 2178, 2215, 2225, 2229, 2239, 2246, 2253, 2256, 2288, 2314, 2319, 2321, 2323, 2334, 2357, 2382, 2384, 2399, 2413, 2422, 2461, 2480, 2491, 2499, 2505, 2520, 2543, 2552, 2553, 2565, 2569, 2579, 2593, 2597, 2598, 2621, 2623, 2654, 2682, 2706, 2743, 2747, 2759, 2763, 2767, 2768, 2779, 2783, 2784, 2785, 2793, 2796, 2815, 2821, 2844, 2848, 2861, 2863, 2866, 2871, 2873, 2887, 2892, 2893, 2898, 2899, 2903, 2908, 2922, 2947, 2956, 2964, 2971, 2978, 2985, 3004, 3014, 3033, 3042, 3048, 3069, 3089, 3092, 3103, 3129, 3138, 3149, 3154, 3184, 3187, 3214, 3248, 3266, 3296, 3297, 3302, 3308, 3312, 3318, 3335, 3341, 3345, 3358, 3370, 3372, 3392, 3397, 3410, 3411, 3421, 3423, 3473, 3487, 3494, 3516, 3537, 3538, 3545, 3553, 3556, 3565, 3590, 3600, 3624, 3631, 3644, 3696, 3710, 3735, 3749, 3750, 3755, 3779, 3796, 3797, 3815, 3824, 3826, 3841, 3849, 3853, 3864, 3909, 3931, 3936, 3968, 3973, 3976, 3979, 3983, 3997, 4004, 4015, 4023, 4034, 4070, 4076, 4106, 4127, 4141, 4143, 4144, 4146, 4164, 4196, 4218, 4229, 4232, 4235, 4236, 4237, 4239, 4252, 4267, 4269, 4285, 4291, 4299, 4302, 4304, 4317, 4331, 4339, 4351, 4370, 4390, 4392, 4434, 4437, 4478, 4501, 4518, 4521, 4527, 4539, 4548, 4610, 4612, 4613, 4620, 4652, 4653, 4684, 4719, 4726, 4736, 4742, 4745, 4753, 4793, 4800, 4808, 4824, 4835, 4840, 4864, 4884, 4906, 4917, 4937
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 36/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.4656 times. Total number of shares allotted in this category is 1089000 Equity Shares. The category wise basis of allotment is as under: |
No. or Shares Applied for (Category wise) | No. of Applications | % to Total | Total No. of Equity Shares applied each category | % of Total | Proportionate Shares Available | Allocation per Applicant (Before Rounding Off | Allocation per Applicant (After Rounding Off) | Ratio of Allottees to the Applicants | Serial Number of Qualifying applicants | Number of Successful Applicants (After Rounding Off) | % to Total | Total No. of Equity Shares allocated / allotted | % to Total | Surplus/ (Deficit) (Rounded off) | |
6000 | 150 | 44.13 | 900000 | 663 | 72199 | 481.33 | 3000 | 4 | 25 | 3,12,16,17 | 24 | 15.2 | 72000 | 6.61 | -199 |
9000 | 18 | 5.3 | 162000 | 1.19 | 12996 | 721.99 | 3000 | 2 | 9 | 1,8 | 4 | 2.53 | 12000 | 1.1 | -996 |
12000 | 13 | 3.82 | 156000 | 1.15 | 12514 | 962.65 | 3000 | 4 | 13 | 2, 4, 9, 13 | 4 | 2.53 | 12000 | 1.1 | -514 |
15000 | 15 | 4.41 | 225000 | 1.66 | 18050 | 1203.31 | 3000 | 2 | 5 | 1,5 | 6 | 3.81 | 18000 | 1.65 | -50 |
18000 | 16 | 4.7 | 2288000 | 2.12 | 23104 | 1443.98 | 3000 | 1 | 2 | 1 | 8 | 5.06 | 24000 | 2.2 | 896 |
21000 | 7 | 2.07 | 147000 | 1.08 | 11792 | 1684.64 | 3000 | 4 | 7 | 1,3,5,6 | 4 | 2.53 | 12000 | 1.1 | 208 |
24000 | 13 | 3.82 | 312000 | 23 | 25029 | 1925.3 | 3000 | 8 | 13 | 1,2,3, 5, 8, 9, 11, 12 | 8 | 506 | 24000 | 2.2 | -1029 |
27000 | 12 | 3.53 | 324000 | 2.39 | 25992 | 2165.97 | 3000 | 3 | 4 | 1,3,4 | 9 | 5.7 | 27000 | 2.48 | 1008 |
30000 | 18 | 5.3 | 540000 | 3.98 | 43319 | 2406.63 | 3000 | 7 | 9 | 1,2, 3, 6, 7, 8, 9 | 14 | 886 | 42000 | 3.86 | -1319 |
33000 | 8 | 2.35 | 264000 | 1.94 | 21178 | 2647.29 | 3000 | 7 | 8 | 1,2, 3, 5, 6, 7, 8 | 7 | 443 | 21000 | 1.93 | -178 |
36000 | 8 | 2.35 | 288000 | 2.12 | 23104 | 2887.96 | 3000 | 1 | 1 | - | 8 | 5.06 | 24000 | 2.2 | 896 |
39000 | 5 | 1.47 | 195000 | 1.44 | 15643 | 3128.62 | 3000 | 1 | 1 | - | 5 | 3.16 | 15000 | 1.38 | -643 |
42000 | 6 | 1.77 | 252000 | 1.86 | 20216 | 3369.28 | 3000 | 1 | 1 | - | 6 | 3.8 | 18000 | 1.65 | -2216 |
3000 | 1 | 6 | 3 | - | 0 | 3000 | 0.28 | 3000 | |||||||
45000 | 10 | 2.94 | 450000 | 3.31 | 36099 | 3609.94 | 3000 | 1 | 1 | - | 10 | 6.33 | 30000 | 2.75 | -6099 |
0 | 0 | 3000 | 1 | 5 | 1 | - | 0 | 6000 | 0.55 | 6000 | |||||
48000 | 3 | 0.88 | 144000 | 1.06 | 11552 | 3850.61 | 3000 | 1 | 1 | - | 3 | 1.9 | 9000 | 0.83 | -2552 |
0 | 3000 | 1 | 3 | 2 | - | 0 | 3000 | 0.28 | 3000 | ||||||
51000 | 3 | 0.88 | 153000 | 1.13 | 12274 | 4091.27 | 3000 | 1 | 1 | - | 3 | 1.9 | 9000 | 0.83 | -3274 |
0 | 0 | 3000 | 1 | 3 | 1 | - | 0 | 3000 | 0.28 | 3000 | |||||
54000 | 4 | 1.18 | 216000 | 1.59 | 17328 | 4331.93 | 3000 | 1 | 1 | - | 4 | 2.53 | 12000 | 1.1 | 5328 |
3000 | 1 | 2 | 2 | - | 0 | 6000 | 0.55 | 6000 | |||||||
57000 | 2 | 0.6 | 114000 | 084 | 9145 | 4572.6 | 3000 | 1 | 1 | - | 2 | 1.27 | 6000 | 0.55 | -3145 |
0 | 0 | 3000 | 1 | 2 | 1 | - | 0 | 3000 | 0.28 | 3000 | |||||
60000 | 3 | 0.88 | 180000 | 1.33 | 14440 | 4813.26 | 3000 | 1 | 1 | - | 3 | 1.9 | 9000 | 0.83 | -5440 |
3000 | 2 | 3 | 2,3 | - | 0 | 6000 | 0.55 | 6000 | |||||||
69000 | 4 | 1.18 | 276000 | 2.03 | 22141 | 5535.25 | 3000 | 1 | 1 | - | 4 | 2.53 | 12000 | 1.1 | -10141 |
0 | 0 | 3000 | 3 | 4 | 2,3,4 | - | 0 | 9000 | 0.83 | 9000 | |||||
84000 | 2 | 0.59 | 168000 | 1.24 | 13477 | 6738.56 | 6000 | 1 | 1 | - | 2 | 1.27 | 12000 | 1.1 | -1477 |
3000 | 1 | 2 | 1 | - | 0 | 3000 | 0.28 | 3000 | |||||||
90000 | 1 | 0.29 | 90000 | 0.66 | 7220 | 7219.89 | 6000 | 1 | 1 | - | 1 | 0.63 | 6000 | 0.55 | -1220 |
93000 | 1 | 0.29 | 93000 | 0.69 | 7461746 | 0.55 | 9000 | 1 | 1 | - | 1 | 0.63 | 9000 | 0.83 | 1539 |
99000 | 1 | 0.29 | 99000 | 0.73 | 7942 | 7941.88 | 9000 | 1 | 1 | - | 1 | 0.63 | 9000 | 0.83 | 1058 |
108000 | 1 | 0.29 | 108000 | 0.8 | 8664 | 8663.87 | 9000 | 1 | 1 | - | 1 | 0.63 | 9000 | 0.83 | 336 |
126000 | 1 | 0.29 | 126000 | 0.93 | 10108 | 10107.85 | 9000 | 1 | 1 | - | 1 | 0.63 | 9000 | 0.83 | -1108 |
135000 | 1 | 0.29 | 135000 | 0.99 | 10830 | 10829.83 | 12000 | 1 | 1 | - | 1 | 0.63 | 12000 | 1.1 | 1170 |
138000 | 2 | 0.59 | 276000 | 2.03 | 22141 | 11070.5 | 9000 | 1 | 1 | - | 2 | 1.28 | 18000 | 1.65 | -4141 |
150000 | 3000 | 1 | 2 | 2 | - | 0 | 3000 | 0.28 | 3000 | ||||||
1 | 0.29 | 150000 | 1.1 | 12033 | 12033.15 | 12000 | 1 | 1 | - | 1 | 0.63 | 12000 | 1.1 | -33 | |
168000 | 2 | 0.59 | 336000 | 248 | 26954 | 13477.13 | 12000 | 1 | 1 | - | 2 | 1.27 | 24000 | 22 | -2954 |
276000 | 1 | 0.29 | 276000 | 2.03 | 22141 | 2214099 | 21000 | 1 | 1 | - | 1 | 0.63 | 21000 | 1.92 | -1141 |
300000 | 1 | 0.29 | 300000 | 2.21 | 24066 | 24066.3 | 24000 | 1 | 1 | - | 1 | 0.63 | 24000 | 2.2 | - 66 |
420000 | 1 | 0.29 | 420030 | 3.09 | 33692 | 3359232 | 33000 | 1 | 1 | - | 1 | 0.63 | 33000 | 3.03 | 592 |
555000 | 2 | 0.59 | 1110000 | 8.18 | 89045 | 44522.65 | 45000 | 1 | 1 | - | 2 | 1.27 | 90000 | 8.26 | 955 |
600000 | 1 | 029 | 600000 | 4.42 | 48133 | 48132.64 | 8000 | 1 | 1 | - | 1 | 9.63 | 48000 | 4.41 | -133 |
834000 | 1 | 0.29 | 334000 | 614 | 66904 | 66904.31 | 66000 | 1 | 1 | - | 1 | 063 | 66000 | 6.06 | -904 |
1200000 | 1 | 0.29 | 1200000 | 884 | 96265 | 96265.19 | 96000 | 1 | 1 | - | 1 | 0.63 | 96000 | 8.81 | -265 |
1660000 | 1 | 0.29 | 1668000 | 12.29 | 133809 | 133808.62 | 135000 | 1 | 1 | 1 | 0.63 | 135000 | 12.4 | 1191 | |
Total | 340 | 100 | 13575000 | 100 | 1089000 | 158 | 100 | 1089000 | 100 | - |
The Board of directors of the Company at its meeting held on May 10, 2022 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz NSE and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.
The allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self-Certified Syndicate Banks were being processed on or before May 11, 2022. 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 Emerge Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on Friday, May 13, 2022 subject to receipt of final listing and trading approvals from the NSE.
Corrigendum to Prospectus- Notice to Investors
This corrigendum is with reference to the Prospectus filed in relation to the Issue, in this regard, please note the following:
In the SECTION TERMS OF THE ISSUE on Page 197 of the Prospectus under subheading "PERIOD OF OPERATION OF SUBSCRIPTION LIST OF PUBLIC ISSUE" on Page No 199, in second table last line "Commencement of trading of the Equity Shares on NSE" "Friday, May 17, 2022" should read as "Friday, May 13, 2022".
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 www.skylinerta.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:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED | On behalf of the Board of Directors | |
FOR, SONU INFRATECH LIMITED | ||
Address: D-153A. 1st Floor, Okhla Industrial Area Phase-I, New Delhi -110020, India | sa | |
Tel. Number: 011-40450193-197; Fax: 011-26812683, Email Id: compliences@skylinerta.com; | Mr. Ramji Shrinarayan Pandey | |
Investors Grievance Id: grievances@skylmerta.com; Website: www.skylmerta.com; Contact Person: Mr Alok Gautam | Chairman and Managing Director | |
Place: Jamnagar, Gujarat | Date: May 11, 2022 | DIN:02815473 |
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 SONU INFRATECH LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.