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BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED Our Company was incorporated as 'Bhatia Communications & Retail (India) Private Limited' under the provision of the Companies Act, 1956 vide certificate of incorporation dated March 25, 2008 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 10 'Bhatia Communications & Retail (India) Limited' and fresh certificate of incorporation dated January 17. 2018 was issued by the Assistant ROC. Registrar of Companies, Ahmedabad. Registered Office: 132, Dr. Ambedkar Shopping Centre,
Ring Road, Surat, Gujarat -395 002. PROMOTERS OF THE COMPANY: MR. SANJEEV BHATIA, MR. NIKHIL BHATIA AND MR HARBANSLAL BHATIA BASIS OF ALLOTMENT INITIAL PUBLIC OFFER OF 16,50,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH
('EQUITY SHARES') OF BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED
('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS. 150 PER EQUITY SHARE
(INCLUDING A SHARE PREMIUM OF RS, 140 PER EQUITY SHARE) ('ISSUE PRICE')
AGGREGATING TO RS, 2475.00 LAKHS ('ISSUE' ) CONSISTING OF A FRESH ISSUE OF
14,00,000 EQUITY SHARES OF FACE VALUE OF 10 EACH ('EQUITY SHARES1') FOR
CASH AT A PRICE OF RS- 150 PER EQUITY SHARE AGGREGATING TO RS. 2100,00 LAKHS ('ISSUE') AND
2,50,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT
A PRICE OF RS. 150 PER EQUITY SHARE AGGREGATING TO RS 375.00 LAKHS THROUGH AN OFFER FOR
SALE BY MR. SANJEEV BHATIA (REFERRED AS SELLING SHAREHOLDER) OF WHICH 84,000 EQUITY SHARES
OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS. 150 PER EQUITY SHARE. AGGREGATING
TO RS. 12 6.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER
('MARKET MAKER RESERVATION PORTION1'). THE ISSUE LESS THE MARKET MAKER RESERVATION
PORTION IE ISSUE OF 15.66,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE
PRICE OF RS, 150 PER EQUITY SHARE AGGREGATING TO RS, 2349,00 LAKHS (IS HEREINAFTER
REFERRED TO AS THE 'NET ISSUE'). THE In terms of Prospectus dated February 2. 2018 and as per Regulation 43(4) of SEBI
(ICDR) Regulations. 2009 wherein (a) minimum 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 of 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
or institutions, irrespective of no. of shares applied for. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 150 EACH. The Equity Shares offered through this Prospectus are proposed to be listed on the BSE SME Platform of Bombay StocK Exchange Lirnited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our company has received an in principle approval letter dated February 2,2018 from BSE for using its name in this, offer documant for listing our shares on the SME Platform of BSE. For (be purpose of this Issue, the designated Stock Exchange will be the Bombay Stock Exchange Limited ('BSE'). SUBSCRIPTION DETAILS Details of the application.
Total 6 applications received in Retail Individual Investors Category (6.000 Equity
Shares) & 2 Applications received in Other than Retail Individual Investor's (35.000
Equity Shares) were rejected on
C- Allocation to Non Retai1 investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.150/- per Equity Share, was finalized in consultation with BSE. The under subscribed 2,52,000 shares from Retail Investors Category (upto Re. 2,00,000) have been spilled over to Non Retail Investors Category (above Rs- 2,00,000/-). The category was subscribed by 1.17 times. Total number of shares allotted in this category is 10,35,000:
The Board of Directors of the Company at its meeting held on February 16, 2018 has
taken on record the Basis of Allotment of Equity Shares 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. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Purva Sharegistry (India) Private Limited at www.purvashare.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. numberof shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
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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 Bhatia Communications IPO .
The Bhatia Communications IPO basis of allotment (published above) tells you how shares are allocated to you in Bhatia Communications IPO and category wise demand of IPO share.
Visit the Bhatia Communications IPO allotment status page to check the number of shares allocated to your application.
In Bhatia Communications 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 Bhatia Communications IPO basis of allotment document to know how the shares are allocated in Bhatia Communications IPO.
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