BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED
The Corporate Identification Number of our Company is U32109GJ2008PLC053336
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.
Tel: 0261-2349892, Website: www.bhatiamobile.com; E-Mail:
info@bhatiamobile.com
Contact Person: Mr. Avani Chaudhari (Company Secretary and Compliance Officer)
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
ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.37% AND 25. 03%, RESPECTIVELY OF THE POST ISSUE
PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
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.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR)
Regulations, 2009, 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 150 EACH.
THE ISSUE PRICE IS 15 TIMES OF THE FACE VALUE.
ISSUE OPENS ON: FEBRUARY 8, 2018 (THURSDAY)
ISSUE CLOSES ON : FEBRUARY 12, 2018 (MONDAY)
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.
The Issue has received 655 (before rejections) applications for 18,65,000 Equity
Shares (Including Market Maker Application of 84,000 Equity Shares) resulting 1.13 times
subscription. The details of the applications received in the Issue (before technical
rejections) are as follows:
Detail of the valid Applications Received (Before Technical Rejection of
application):
Category |
Number of Applications |
Number of Equity Shares |
Subscription Ratio |
Market Makers |
1 |
84,000 |
1.00 |
Other than Retail Individual Investor's |
117 |
12,44,000 |
1.17 |
Retail Individual Investor's |
537 |
5,37,000 |
069 |
Total |
655 |
18,65,000 |
1.13 |
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
technical grounds.
ALLOCATION; The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - BSE Limited ('SME platform of BSE') on February
16,2018.
A. Allocation to Market Maker : The Basis of Allotment to the Market
Maker, at the issue pice of Rs, 150 I- 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 84,000 Equity shares in full out of reserved portion
or 84.000 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. 150
/- per Equity Share, was finalized in consultation with BSE. The category was subscribed
by 0.69 times. Total number of shares allotted in this category is 5,31,000:
No. of Shares
Applied for
(Category wise) |
No. of
Applications
Received |
%
to
Total |
Total No, of
Equity Shares
applied |
%
to
Total |
Proportion
ate Shares
Available |
Allocation
per Applicant
(before
Rounding Off) |
No. of
Shares Surplus
(Deficit) |
Allocation
per Applicani
(after
Rounding Off) |
Ratio of Allo
ttees to the
Applicants |
Total No. of
Equity Shares
allocated/ allotted |
1000 |
531 |
100.00 |
5,31,000 |
100.00 |
7,83,000 |
1474.58 |
1000 |
1:1 |
5,31,000 |
-2,52,000 |
Total |
531 |
100.00 |
5,31,000 |
100.00 |
7,83,000 |
1474.58 |
1000 |
1:1 |
5,31,000 |
-2,52,000 |
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:
No. of Shares
Applied for
(Category wise) |
No. of
Applications
Received |
%
to
Total |
Total No, of
Equity Shares
applied |
%
to
Total |
Proporti on
ate Shares
Available |
Allocation
per Applicant
(before
Rounding Off) |
No. of
Shares Surplus
(Deficit) |
Allocation
per Applicani
(after
Rounding Off) |
Ratio of Allo
ttees to the
Appli Canls |
Total No. of
Equity Shares
allocated/ allotted |
3000 |
32 |
27.83 |
64000 |
5.29 |
54789 |
171216 |
1000 |
1:1 |
32000 |
22789 |
|
|
|
|
|
|
|
1000 |
22:32 |
22000 |
22000 |
3000 |
16 |
13.91 |
48000 |
3.97 |
41092 |
2568 24 |
2000 |
1:1 |
32000 |
-9092 |
|
|
|
|
|
|
|
1000 |
9:16 |
9000 |
9000 |
4000 |
9 |
7.83 |
36000 |
2.98 |
30819 |
3424 32 |
3000 |
1:1 |
27000 |
-3819 |
|
|
|
|
|
|
|
1000 |
4:9 |
4000 |
4000 |
5000 |
5 |
4.35 |
25000 |
2.07 |
21402 |
4280.40 |
4000 |
1:1 |
20000 |
-1402 |
|
|
|
|
|
|
|
1000 |
1:5 |
1000 |
1000 |
6000 |
1 |
0.87 |
6000 |
0.50 |
5136 |
5136.48 |
5000 |
1:1 |
5000 |
-136 |
7000 |
7 |
6.09 |
49000 |
4.05 |
41948 |
5992.56 |
6000 |
1:1 |
42000 |
52 |
8000 |
2 |
1.74 |
16000 |
1.32 |
13697 |
6848.64 |
7000 |
1:1 |
14000 |
303 |
9000 |
2 |
1.74 |
18000 |
1.49 |
15409 |
7704.71 |
8000 |
1:1 |
16000 |
590 |
10000 |
2 |
1.74 |
20000 |
1.65 |
17122 |
8560.79 |
8000 |
1:1 |
16000 |
-1122 |
|
|
|
|
|
|
|
1000 |
1:2 |
1000 |
1000 |
11000 |
2 |
1.74 |
22000 |
1.82 |
18834 |
9416.87 |
9000 |
1:1 |
18000 |
-834 |
12000 |
2 |
1.74 |
24000 |
1.99 |
20546 |
10272.95 |
10000 |
1:1 |
20000 |
-546 |
13000 |
3 |
2.61 |
39000 |
3.23 |
33387 |
11129.03 |
11000 |
1:1 |
33000 |
-387 |
14000 |
6 |
5.22 |
84000 |
6.95 |
71911 |
11985.11 |
12000 |
1:1 |
72000 |
89 |
15000 |
5 |
4.35 |
75000 |
6.20 |
64206 |
12841.19 |
13000 |
1:1 |
65000 |
794 |
16000 |
3 |
2.61 |
48000 |
3.97 |
41092 |
13697.27 |
13000 |
1:1 |
39000 |
2092 |
|
|
|
|
|
|
|
1000 |
2:3 |
2000 |
2000 |
17000 |
1 |
0.87 |
17000 |
1.41 |
14553 |
14553.35 |
15000 |
1:1 |
15000 |
446 |
18000 |
1 |
0.87 |
18000 |
1.49 |
15409 |
15409 43 |
15000 |
1:1 |
15000 |
-409 |
20000 |
2 |
1.74 |
40000 |
3.31 |
34243 |
17121.59 |
17000 |
1:1 |
34000 |
-243 |
24000 |
1 |
0 87 |
24000 |
1.99 |
20546 |
20545,91 |
21000 |
1:1 |
21000 |
454 |
27000 |
1 |
0.87 |
27000 |
2.23 |
23114 |
23114,14 |
23000 |
1:1 |
23000 |
-114 |
30000 |
1 |
0.87 |
30000 |
2.48 |
25682 |
25682,38 |
26000 |
1:1 |
26000 |
318 |
33000 |
3 |
2.61 |
99000 |
8.19 |
84752 |
28250.62 |
28000 |
1:1 |
84000 |
-752 |
34000 |
2 |
1.74 |
68000 |
5.62 |
58213 |
29106 70 |
29000 |
1:1 |
58000 |
-213 |
37000 |
1 |
0.87 |
37000 |
3.06 |
31675 |
31674.94 |
32000 |
1:1 |
32000 |
325 |
42000 |
1 |
0.87 |
42000 |
3.47 |
35955 |
35955.33 |
36000 |
1:1 |
36000 |
45 |
50000 |
2 |
1.74 |
100000 |
8.27 |
85608 |
42803.97 |
43000 |
1:1 |
86000 |
392 |
66000 |
1 |
0.87 |
66000 |
5.46 |
56501 |
56501 24 |
57000 |
1:1 |
57000 |
499 |
67000 |
1 |
0.87 |
67000 |
5.54 |
57357 |
57357.32 |
58000 |
1:1 |
58000 |
643 |
Total |
115 |
100.00 |
12,09,000 |
100.00 |
10,35,000 |
|
|
|
10,35,000 |
0 |
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.
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 February 20, 2018. Further, the instructions to Self
Certified Syndicate Banks being processed on or prior to February 20, 2018. 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 Limited within six working days, from the date of the closure of the Issue. The
trading is proposed to be commenced on or before February 21,2018 subject to receipt of
listing and trading approvals from the BSE Limited ('SME Platform of BSE').
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:
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit No 9, Shiv Shakti Ind Est. J.R. Boricha Marg.
Lower Parel (E). Mumbai-400011
Tel.: No: +91-022-23016761/8261, Fax No: +91 -022-2301
2517
SEBI Registration No; INR000001112
Email: busicomp@vsnl.com /busicomp@gmail.com
Website: www.purvashare.com
Contact Person: Mr. V.B. Shah / Ms. Purva Shah |
For, BHATIA COMMUNICATIONS &
RETAIL (INDIA) LIMITED
On behalf of the Board of Directors
Sd/-
Sanjeev Bhatia
Managing Director
DIN: 02063671 |
Place : Surat
Date : February 16, 2018 |
|