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KENVI JEWELS LIMITED Our Company was originally incorporated as Suvarnkrupa Ornaments Private Limited on June 24, 2013 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies. Gujarat, Dadra and Nagar Havelli. Subsequently, the name of company was changed to 'Kenvi Jewels Private Limited' on August 14, 2017 under the Companies Act 2013 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Thereafter, Our Company was converted in to a public company and consequently name was changed to 'Kenvi Jewels Limited' (KJL) vide fresh certificate of incorporation dated August 24, 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 no. 99 of this Prospectus. Registered Office: 14 Nav Durga Complex, Opp. Nav Durga
Society, Ambicanagar, Odhav, Ahmedabad - 382415, Gujarat, India PROMOTER OF THE COMPANY: MR. CHIRAG C.
VALANl & MRS, HETALBEN C. V ALANI PUBLIC ISSUE OF 18,60,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ('EQUITY
SHARES') OF KENVI JEWELS 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 669.60 LAKHS ('THE
ISSUE' ). OF WHICH 93,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR A
CASH PRICE OF RS 36/- PER EQUITY SHARE, AGGREGATING TO RS 33.48 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 17,67,000 EQUITY SHARES OF FACE VALUE
OF RS 10/ E ACH AT AN ISSUE PRICE OF RS 36 PER EQUITY SHARE AGGREGATING TO RS 636.12 LAKHS
(IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE
WILL CONSTITUTE 39.55% AND 37.58%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE
CAPITAL OF OUR COMPANY, THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
PROPOSED LISTING: FEBRUARY 16, 2018 The Equity Shares offered throug 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, 2000, 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 APPLICATION 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 102 applications for 2,085,000 Equity Shares resulting in 1.1210 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):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications-:
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated stock Exchange-BSE Limited on February 12, 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 93,000 Equity shares. The category wise details of the Basis of Allotment are as under:
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue pnee of Rs 36 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 0.308998 times i.e. for 273,000 Equity Shares. Total number of shares allotted in this category is 273,000 Equity Shares to 91 successful applicants. The category wise details of the Basis of Allotment are as under:
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 1.142570 times i.e. for 1,707,000 shares. The total number of shares allotted in this category is 1,494,000 Equity Shares to 6 successful applicants. The category wise details of the Basis of Allotment are as under:
*1 additional Lot is allotted to Category 2,76,000 in the ratio of 1:2 The Board of Directors of the Company at its meeting held on February 12, 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 12, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund advvices 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 14, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before February 14, 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. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 25, 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 any Bank Branch where the application had been lodged and payment details at the address of the Registrar given below: KARVY COMPUTERSHARE PRIVATE LIMITED
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The Kenvi Jewels IPO basis of allotment (published above) tells you how shares are allocated to you in Kenvi Jewels IPO and category wise demand of IPO share.
Visit the Kenvi Jewels IPO allotment status page to check the number of shares allocated to your application.
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