GAUTAM GEMS LIMITED
CIN: U36911GJ2014PLC078802
Our Company was originally incorporated as 'Gautam Gems Private Limited* on
February 18. 2014 under the Companies Act. 1956 vide certificate of incorporation issued
by the Registrar of Companies. Gujarat. Dadra and Nagar Havelli. Subsequently, Our Company
was converted In to a public company and consequently name was changed to 'Gautam
Gems Limited' (GGL) vide fresh certificate of incorporation dated August 16, 2017
issued by Registrar of Companies, Gujarat. Dadra and Nagar Havelli. For details of the
changes in our name and registered office, please refer to the chapter titled 'History and
Certain Corporate Matters' beginning on page 92 of this Prospectus.
Registered Office: 3rd Floor. Office - 301. Sumukh.
Super Compound, Vasta Devadi Road. Surat 395004. Gujarat, India;
Tel. No.: +91 261 2538046; Email:
comptianceggl@gmail.com; Website: www.gautamgems.com;
Company Secrelary & Compliance Officer: Ms. Priti Jain
PROMOTER OF THE COMPANY: MR. GAUTAM P SHETH & MRS. NIDHI G
SHETH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH
('EQUITY SHARES') OF GAUTAM GEMS LIMITED ('OUR COMPANY' OR 'THE
ISSUER') FOR CASH AT A PRICE RS. 36/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF
RS. 26/- PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS.756.00 LAKHS (THE
ISSUE'). OF WHICH 1,05,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR A CASH
PRICE OF RS.36/- PER EQUITY SHARE, AGGREGATING TO RS. 37.80 LAKHS WILL BE RESERVED FOR
SUBSCRIPTION BY MARKET MAKER (MARKET MAKER RESERVATION PORTION') THE ISSUE LESS THE
MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 19.95.000 EQUITY SHARES OF FACE VALUE OF RS
10/- EACH AT AN ISSUE PRICE OF RS.36 PER EQUITY SHARE AGGREGATING TO RS 718.20 LAKHS (IS
HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 38.24% AND 36.33%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL
OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED TERMS OF THE
ISSUE' BEGINNING ON PAGE 155 OF THIS PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF
INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009(THE 'SEBIICDR
REGULATIONS'), AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND
THE ISSUE PRICE OF RS.36.00 IS 3.6 TIMES OF THE FACE VALUE
ISSUE |
OPENED ON: WEDNESDAY; JANUARY 24, 2018 |
CLOSED ON: TUESDAY; JANUARY 30, 2018. |
PROPOSED LISTING: FEBRUARY 07, 2018
The Equity Shares offered through this Prospectus are proposed to be listed on the SME
Platform of BSE Limited ('BSE'). In terms of the Chapter X-B of the SEBI (ICDR)
Regulations. 2009. as amended from time to time, our Company has received an approval
letter dated January 09.2018 from BSE Limited (the 'BSE') for using its name in the offer
document for listing of our shares on the SME Platform of BSE. For the purpose of the
Issue, the designated Stock Exchange will be SME Platform of the BSE.
All Applicants were allowed to participate in the issue through APPUCATION SUPPORTED BY
BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank
accounts in which the corresponding application amounts were blocked by Self Certified
Syndicate Banks (the 'SCSBs').
SUBSCRIPTION DETAILS
The issue has received 3.153 applications for 9.723.000 Equity Shares resulting m
4.6300 times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
CATEGORY |
No. of Applications |
% to Total |
No. of Equity Shares |
% to Total |
Subscription (Times) |
Market Makers |
1 |
0.03 |
105,000 |
1,08 |
1.0000 |
Other than Retail individual Investors |
8 |
0.25 |
186,000 |
1,91 |
0.1865 |
Retail Individual Investors |
3,144 |
99.71 |
9,432,000 |
97,01 |
9.4556 |
Total |
3,153 |
100.00 |
9,723,000 |
100.00 |
4.6300 |
The details of applications rejected by the Registrar on technical grounds
(including withdrawal) are detailed below:
CATEGORY |
No. of Applications |
No. of Equity Shares |
Market Makers |
0 |
0 |
Retail Individual Investors |
21 |
63,000 |
Other than Retail Individual Investors |
0 |
0 |
Total |
21 |
63,000 |
After eliminating technically rejected applications, the following tables give
us category wise net valid applications:
Category |
Number of
Applications |
% to total |
Issue Size
(as per Prospectus) |
No of Valid Shares applied |
% of
Total Applied |
Subscription (Times) |
Revised* Subscription
(Times) |
Market Makers |
1 |
0.03 |
105,000 |
105,000 |
1.09 |
1,0000 |
1,0000 |
Other than Retail Individual Investor's |
8 |
0.26 |
997,500 |
186,000 |
1.93 |
0,1865 |
0,1865 |
Retail Individual investor's |
3,123 |
99.71 |
997,500 |
9,369,000 |
96.99 |
9,3925 |
9,3925 |
1 Total |
3,132 |
100.00 |
2,100,000 |
9,660,000 |
100.00 |
4,6000 |
4,6000 |
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange - BSE Limited on February 02.2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs.36 per Equity Share,
was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times.
The total number of shares allotted in this category is 1,05.000 Equity shares.
The category wise details of the Basis of Allotment are as under:
No. of
Shares
Applied
for
(Category
wise) |
No.of
Applications
Received |
% to
Total |
Total No.
of Equity Shares
applied
in this
category |
% to
Total |
Proportion
ate Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of Allottees
to AppliCant:
Ratio 1 |
Ratio of Allottees
to AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding
off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. of
Shares
Surplus Deficit |
1,05,000 |
1 |
100 |
1,05,000 |
100 |
1,05,000 |
1,05,000 |
1,05,000 |
1:1 |
|
1 |
1,05,000 |
0 |
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the
issue price of Rs. 36 per Equity Share, was finalized in consultation with BSE Limited.
The category was subscribed by 4.782542 times i.e. for 9,369,000 Equity Shares Total
number of shares allotted in this category is 1,959,000 Equity Shares to 653 successful
applicants.
The category wise details of the Basis of Allotment are as under:
No. of
Shares
Applied
for
(Category
wise) |
No.of
Applications
Received |
%
to
Total |
Total No.
of Equity
Shares
applied
in this
category |
%
to
Total |
Proportion
ate
Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of Allottees
to AppliCant:
Ratio 1 |
Ratio of Allottees
to AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding
off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. of
Shares
Surplus
Deficit |
3,000 |
3,123 |
100.00 |
9,369,000 |
100.00 |
1,959,000 |
627.28 |
3,000 |
653:3123 |
|
653 |
1,959,000 |
0 |
C Allocation to Other than Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to Other than Retail
Individual investors, at the issue price of Rs.36 per Equity Share, was finalized in
consultation with BSE Limited. The category was subscribed by 0 186466 times i.e. for
186.000 shares The total number of shares allotted in this category is 36,000 Equity
Shares to 4 successful applicants.
The category wise details of the Basis of Allotment are as under:
No. of
Shares
Applied
for
(Category
wise) |
No.of
Applications
Received |
%
to
Total |
Total No.
of Equity
Shares
applied
in this
category |
%
to
Total |
Proportion
ate
Shares
Available |
Allocation
per
Applicant
(before
Rounding
Off) |
Allocation
per
Applicant
(after
Rounding
Off) |
Ratio of Allottees
to AppliCant:
Ratio 1 |
Ratio of Allottees
to AppliCant:
Ratio 2 |
Number of
Successful
applicants
(after
rounding
off) |
Total No.
of Equity
Shares
allocated/
allotted |
No. of
Shares
Surplus
Deficit |
6,000 |
6 |
75,00 |
36,000 |
19.35 |
6,967.74 |
1,161,29 |
3,000 |
1:3 |
|
2 |
6,000 |
968 |
12,000 |
1 |
12,50 |
12,000 |
6.45 |
2,322.58 |
2,322.58 |
3,000 |
1:1 |
|
1 |
3,000 |
(677) |
138,000 |
1 |
12,50 |
136,000 |
74.19 |
26,709.68 |
26,709.68 |
27,000 |
1:1 |
|
1 |
27,000 |
(290) |
TOTAL |
8 |
100.00 |
186,000 |
100.00 |
36,000.00 |
|
|
|
|
4 |
36,000 |
0 |
The Board of Directors of the Company at its meeting held on February 03,2018 has
approved the Basis of Allocation of Equity Shares as approved by the Designated Stock
Exchange viz. BSE and at a meeting held on February 02,2018 and has authorized the
corporate action for the transfer and allotment of the Equity Shares to various successful
applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the
address of the Applicants as registered with the depositories / as filled in the
application form on or before February 05, 2018. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount will be processed on or before
February 05.2018.ln 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 wrthin six working days from the date of
the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated January 17, 2018
('Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to
the issuer, Karvy Computershare Private Limited) at
www.karisma.karvy.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:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B. Plot 31-32, Gachibowii. Finacial District, Nanakramguda,
Hyderabad - 500032. Telangana India
Tel No.:+ 91-40-6716 2222 Fax No.: + 91 -40-23431551
E-mail: einward.ris@karvy.com Website: www.karisma.karvy.com
Investor Grievance Email: kenvijewels.ipo@karvy.com
SEBI Registration No.: INR000000221
Contacl Person: Mr. M Murali Krishna
Date: February 03, 2018
Place: Surat |
For Gautam Gems Limited
On behalf of the Board of Directors
Sd/-
Gautam P Sheth
Managing Director |
|