Dhruv Wellness IPO Basis of Allotment

Dhruv Wellness Limited

Our Company was incorporated as 'Dhruv Wellness Private Limited' at Mumbai under the provision of the Companies Act, 2013 vide certificate of incorporation dated March 27, 2015 issued by the Registrar of Companies, Maharashtra. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed to 'Dhruv Wellness Limited' and fresh certificate of incorporation dated July 2, 2017 was issued by the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U74900MH2015PLC263089.

Registered office: Chawl No-1, Rn 2, Amba Mata Mandir Compound Nearltaliya Comp, Veetbhatti,
Goregaon (East), Mumbai -400063
Tel: :022-28711486 Website; www.dhruvwellness.com
Company Secretary and Compliance Officer: Ms. Bhakti Bagadia;
E-Mail: pravinprajapati_dhru@yahoo.in , help_dhruvwellness@outlook.com
PROMOTERS OF THE COMPANY: MR.PRAVINKUMAR PRAJAPATI AND MRS. ANITA PRAJAPATI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 27,84,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH OF DHRUV WELLNESS LIMITED ('DWL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS 556.80 LACS ('THE ISSUE'), OF WHICH 1,44,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH WILL FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE AGGREGATING TO RS 28.80 LACS 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 26,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 20 PER EQUITY SHARE AGGREGATING TO Rs 52600 LACS IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.41% AND 25.05%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated August 24, 2017 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 20/- EACH, THE ISSUE PRICE IS 2 TIMES OF THE FACE VALUE.

The Equity Shares offered through the Prospectus are proposed to be listed on the BSE SME Platform. Our Company has received an approval letter dated August 22, 2017 from BSE for using its name in this offer document for listing our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ('BSE').

SUBSCRIPTION DETAILS

Details of the application
The issue has received 213 (before technical rejections) applications for 52,44,000 Equity Shares (including Market Maker Application of 1,44,000 Equity Shares) ruslting 1.883 times subscription. The details of the applications received in the issue (before technical rejections) are as foliows:

Detail of the valid Applications Received (Before Technical Rejection):

The four applications received in retail individual investors category was 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 September 7, 2017.

A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs.20 /- 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 1,44,000 Equity shares in full out of reserved portion of 1,44,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the tssue price of Rs.20 /-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.866 times. Total number of shares allotted in this category is 11,70,000:

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 20/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.657 times. TotaI number of shares allotted in this category is 14,70.000 Including unsubscribed portion of 1,50,000 Equity Shares of Retail Individual Investors. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on September 7, 2017 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 dematerislised 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 September 11,2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to September 11, 2017. 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 September 12, 2017 subject to receipt of listing and trading approvals from the BSE Limited ('SME Platform of BSE').

INVESTORS PLEASE NOTE

The details of the allotrnent made would also br 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, 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:

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Address: Unit no. 9, Shiv Shakti Ind. Est. J.R. BorichaMarg, Lower Parel, (E), Mumbai - 400011
Tel No: +91-022-23016761/8261 Fax No: +91-022-2301 2517
SEBI Registration NO: INR000001112
Email Id: busicomp@vsnl.com /busicomp@gmaiLcorn
Website: www.purvashare.com
Contact Person: Mr V B. Shah I Ms. Purva Shah

DIRECTOR