LEX NIMBLE SOLUTIONS LIMITED
Our Company was incorporated as 'ILBSG PROFESSIONAL SERVICES PRIVATE LIMITED' as a private company under the Companies Act. 1956 pursuant to Certificate of Incorporation dated 15th April, 2005 issued by the Registrar of Companies. Hyderabad. The name of the Company was changed to LEX NIMBLE SOLUTIONS PRIVATE LIMITED on 17th January, 2012 and converted into a public Company on 18th August, 2017. Our corporate identification number is U74140TG2005PLC045904 For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 24 and 67 respectively, of the Prospectus.
Registered Office: 03, Module A1, 10th Floor, Cyber
Towers. Hitec City, Madhapur, Hyderabad. 500081 Telangana,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 11,12,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ("EQUITY SHARES") OF LEX NIMBLE SOLUTIONS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 57/- PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF RS 47/- PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING RS 633.84 LAKHS ("THE ISSUE"), OF WHICH 56,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 57/- PER EQUITY SHARE, AGGREGATING RS 31.92 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION i.e., ISSUE OF 10,56,000 EQUITY SHARES OF FACE VALUE RS 10/- EACH FOR CASH AT A PRICE OF RS 57/- PER EQUITY SHARE, AGGREGATING RS 601.92 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.54% AND 25.20% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of the Prospectus dated February 19, 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations. 2009 wherein;
a) A minimum of 50% of the Net Issue of shares to the Public shall initially be made available lo retail individual investors
b) The balance net Issue of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
c) The unsubscribed portion of the net issue to any one of the categories specified in (a) or (b) shall/may be made available tor allocation in the other category, if so required.
Explanation: For the purpose of sub-regulation (4) of regulations 43, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Applicants participated in the Issue through ASBA process. For details in this regard, specific attention is invited to chapter "Issue Procedure" on page 130 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE ("BSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009. as amended from time to time. The Company is not required to obtain in-principle approval for the shares being offered in this issue. However, the Company has received an approval letter dated February 15, 2018 from BSE for using its name in the Prospectus for listing of our shares on SME Platform of BSE For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited.
The Issue has received 97 applications for 11,84,000 Equity Shares resulting in 1 06 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
The details of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed below:
The details of the Applications Received (After Technical Rejection):
Allocation: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - BSE Limited on 2nd April, 2018
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue pnee of Rs 57/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 56,000 Equity Shares in full out of reserved person of 56,000 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 57/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.21 times. The total number of shares allotted in this category is 1,12,000 Equity Shares The Category-wise details of the Basis of Allotment are as under
C. Allocation to Other than Retail Investors (After Technical Rejections): The Basis of Allotment to the other than Retail Individual Investors, at the issue pnee of Rs 57/- per Equity Share, was finalized in consultation with BSE The category was subsenbed 1.034 times. The total number of shares allotted in this category is 9,44,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:
The Category-wise details of the Basis of Allotment are as under
The Board of Directors of the Company at its meeting held on 2nd April, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authonzed the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/as filled in the application form on or before 3rd April. 2018. Further, the instructions to Self Certified Syndicate Banks shall be issued on or before 3rd April, 2018 for unblocking of funds. In case the same is not received within four working days, investors may contact Registrar 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 SME Platform of BSE within six working days from the date of the closure of the Issue. The trading Is proposed to commence on 4th April, 2018 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 Firsl/Sole applicants, serial number of the Appllcalion 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:
BIGSHARE SERVICES PRIVATE LIMITED