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| SUN RETAIL LIMITED |
| The Corporate Identification Number of our Company is U51909GJ2007PLC050974 |
Our Company was incorporated as "ShivJosh Foods Private Limited" under the provision of the Companies Act, 1956 vide certificate of incorporation dated May 28, 2007 issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli.Subsequently, the name of our company was changed to Sun Retail Private Limited and fresh certification of incorporation dated December 7, 2007 was issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed to "Sun Retail Limited" and fresh certificate of incorporation dated December 21, 2017 was issued by the Deputy RoC, Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U51909GJ2007PLC050974.
| Registered office: 213/214, Phase-ll GIDC, Naroda Ahmedabad-382330,. Gujarat, India. |
| Tel: 079-22843366 | Fax No: Not Available | Website: www.dhartisingtel.com | E-Mail: sun_retail@yahoo.com; |
| Contact Person: Mr. Himanshu Gupta, Company Secretary and Compliance Officer |
| PROMOTER OF THE COMPANY: TJR AGROCOM PRIVATE LIMITED |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 43,98,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF SUN RETAIL LIMITED ("SRL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 13 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 1011.54 LAKHS ("THE ISSUE"), OF WHICH 3,66,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 13 PER EQUITY SHARE AGGREGATING TO RS. 84.18 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 40,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 23 PER EQUITY SHARE AGGREGATING TO RS. 927.36 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 45.35% AND 41.58%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS RS. 23 EACH. THE ISSUE PRICE IS 2.3 TIMES OF THE FACE VALUE
ISSUE OPENED ON: SEPTEMBER 27, 2018 (THURSDAY), ISSUE CLOSED ON: OCTOBER 08, 2018 (MONDAY)
The Equity Shares of the Company offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd ("BSE"). Our Company has received an in-principle approval from BSE for listing our shares pursuant to letter dated April 19, 2018. BSE is Designated Stock Exchange for the purpose of this Issue. 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 43(4) of the SEBI (ICDR) Regulations ,2009, as amended from time to time, wherein a minimum of 50 % of the Net Offer to Public shall be initially made available 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 Investors and other investors including corporate bodies or institutions, irrespective of no. of shares applied for. 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. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter se spill over, if any, would be affected in accordance with applicable law, rules, regulations and guidelines. All investors have participated in this offer through ASBA process. For details in this regard, specific attention is invited to chapter "Issue Procedure" on page 158 of the Prospectus.
SUBSCRIPTION DETAILS
Details of the application
The Issue has received 305 applications (before rejections and Bids not Banked) for 64,74,000 Equity Shares (Including Market Maker Application of 3,66,000 Equity Shares) resulting 1,472 times subscription. The details of the applications received in the Issue are as follows:
Details of valid Applications Received (Before Technical Rejection and before bids not banked):
| Category | Number of Applications | Number of Equity Shares | Subscription Ratio |
| Market Makers | 1 | 3,66,000 | 1.000 |
| Other than Retail Individual Investor's | 17 | 43,86,000 | 2.176 |
| Retail Individual Investor's | 287 | 17,22,000 | 0.854 |
| TOTAL | 305 | 64,74,000 | 1.472 |
The details of bids not banked are detailed below :
| Category | Number of Applications | Number of Equity Shares |
| Other than Retail Individual Investor's | 5 | 20,52,000 |
| Retail Individual Investor's | - | - |
| TOTAL | 5 | 20,52,000 |
The details of applications rejected by the Registrar on technical grounds are detailed below
| Category | Number of Applications | Number of Equity Shares |
| Other than Retail Individual Investor's | - | - |
| Retail Individual Investor's | 2 | 12,000 |
| TOTAL | 2 | 12,000 |
Details of valid Applications Received (After Technical Rejection):
| Category | Number of Applications | Number of Equity Shares | Subscription | Revise Subscription |
| Market Makers | 1 | 3,66,000 | 1.00 | 1.00 |
| Other than Retail Individual Investor's | 12 | 23,34,000 | 1.158 | 1.005* |
| Retail Individual Investor's | 285 | 17,10,000 | 0.848 | 1.00# |
| TOTAL | 298 | 44,10,000 | 1.003 | 1.003 |
*includes original reservation of 20,16,000 Equity shares and spill over from Retail Investors Category of 3,06,000 Equity shares.
# The under subscribed portion of 3,06,000 Equity shares from Retail Investors Category have been spilled over to Non Retail Individual Investors Category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE Limited ("SME Platform of BSE") on October 11, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 23/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,66,000 Equity shares in full out of reserved portion of 3,66,000 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. 23/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.848 times. Total number of shares allotted in this category is 17,10,000
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to Total | Total No. of Equity Shares applied | % to Total | Proportionate Shares Available | Allocation per Applicant (before Rounding Off) | Allocation per Applicant (after Rounding Off) | Ratio of Allottees to the Applicants | Total No. of Equity Shares allotted | Surplus /Deficit |
| 6,000 | 285 | 100.00 | 17,10,000 | 100.00 | 20,16,000 | 6,000 | 6,000 | 1:1 | 17,10,000 | 3,06,000 |
| Total | 285 | 100.00 | 17,10,000 | 100.00 | 20,16,000 | 6,000 | 6,000 | 1:1 | 17,10,000 | 3,06,000 |
C. Allocation to Non- Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.23/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1,158 times. Total number of shares allotted in this category is 23,22,000:
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to Total | Total No. of Equity Shares applied | % to Total | Proportionate Shares Available | Allocation per Applicant (before Rounding Off) | Allocation per Applicant (after Rounding Off) | Ratio of Allottees to the Applicants | Total No. of Equity Shares allotted | Surplus /Deficit |
| 12,000 | 1 | 8.33 | 12,000 | 0.51 | 11,938 | 11,938 | 12,000 | 1:1 | 12,000 | 62 |
| 24,000 | 1 | 8.33 | 24,000 | 1.03 | 23,877 | 23,877 | 24,000 | 1:1 | 24,000 | 123 |
| 30,000 | 1 | 8.33 | 30,000 | 1.29 | 29,846 | 29,846 | 30,000 | 1:1 | 30,000 | 154 |
| 42,000 | 1 | 833 | 42,000 | 1.80 | 41,784 | 41,784 | 42,000 | 1:1 | 42,000 | 216 |
| 96,000 | 1 | 8.33 | 96,000 | 4.11 | 95,506 | 95,506 | 96,000 | 1:1 | 96,000 | 494 |
| 1,38,000 | 1 | 8.33 | 1,38,000 | 5.91 | 1,37,290 | 1,37,290 | 1,38,000 | 1:1 | 1,38,000 | 710 |
| 2,16,000 | 2 | 16.67 | 4,32,000 | 18.51 | 4,29,779 | 214889.5 | 2,16,000 | 1:1 | 4,32,000 | 2221 |
| 2,58,000 | 1 | 8.33 | 2,58,000 | 11.05 | 2,56,674 | 256674 | 2,58,000 | 1:1 | 2,58,000 | 1326 |
| 3,24,000 | 2 | 16.67 | 6,48,000 | 27.76 | 6,44,668 | 322334 | 3,18,000 | 1:1 | 6,36,000 | -8668 |
| 6,000 | 1:2 | 6,000 | 6000 | |||||||
| 6,54,000 | 1 | 8.33 | 6,54,000 | 28.02 | 6,50,638 | 650638 | 6,48,000 | 1:1 | 6,48,000 | -2638 |
| Total | 12 | 100.00 | 23,34,000 | 100.00 | 23,22,000 | 23,22,000 | 0 |
The Board of Directors of the Company at its meeting held on October 11, 2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the 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 on or before October 15, 2018 Further, the instructions to Self Certified Syndicate Banks being processed on or prior to October 12, 2018 for unblocking fund 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 Ltd within six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before October 16, 2018 subject to receipt of listing and trading approvals from the BSE Ltd.
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 OF THE ISSUE | For, SUN RETAIL LIMITED |
| BIGSHARE SERVICES PRIVATE LIMITED | On behalf of the Board of Directors |
| 1st Floor, Bharat Tin works Building, Opp Vasant Oasis, Makwana Road.Marol, Andheri East, | Sd/- |
| Mumbai-400059, Tel: +91 022-62638200, Fax: +91 022-62638299, Website: www.bigshareonline.com | |
| E-Mail: ipo@bigshareonline.com, Contact Person : Jibu John, SEBI Reg. No.: INR000001385 | Dharamjit B. Mori |
| Place: Ahmedabad | Whole Time Director |
| Date : October 12, 2018 | DIN:08038027 |
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 SUN RETAIL LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them m the Prospectus.
DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE Limited ("BSE") should not in any way be deemed or constructed that the Prospectus has been Cleared or approved by BSE nor does it certify the correctness or completeness of any contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer Clause of the SME Platform of BSE on page 146 of the Prospectus.
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 Sun Retail IPO .
The Sun Retail IPO basis of allotment (published above) tells you how shares are allocated to you in Sun Retail IPO and category wise demand of IPO share.
Visit the Sun Retail IPO allotment status page to check the number of shares allocated to your application.
In Sun Retail 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 Sun Retail IPO basis of allotment document to know how the shares are allocated in Sun Retail IPO.
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