Navigant Corporate Advisors IPO Details

Issue Open Nov 30, 2015
Issue Close Dec 7, 2015
IPO Price ₹14
Face Value ₹10
IPO Size ₹1.19 Cr
Listing At BSE SME
IPO Lot Size 10000

NAVIGANT CORPORATE ADVISORS LIMITED

(CIN:U67190MH2012PLC2313O4)

Our Company was originally incorporated at Mumbai as *S.P. Realtor Estate Private Lmited* on 21st May. 2012 under the provisions of the Companies Act. 1956. The name of our Company was changed Navigant Corporate Advisors Private Limited" vide fresh certificate of incorporation dated 11th September. 2013. Our Company was converted in to a Public Limited Company and consequently the name was changed to "Navigant Corporate Advisors Linited * vide fresh certificate of incorporation dated 21st January. 2015 issued by the Registrar of Companies. Mumbai. Maharashtra. For further details in relation to the changes to the name of our Company, please refer to the section titled 'Our History and Corporate Structure" beginning on page 77 of the Prospectus.

Registered Office: Office No. 6. Ground Floor Bandukwala Building. British Hotel lane, Off. Bombay Samachar Marg.
Fort Mumbai-400 001; Tel: +91-22- 6560 5550; Email: info@navigantcorp.com Website: www.navigantcorp.com
Contact Person A Compliance Officer: Ms. Anchal Gupta. Company Secretary & Comphance Officer Promoters of the Company: Mr. Sarthak Vijlani

BASIS OF ALLOTMENT

PUBLIC OFFER OF 8,50.000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES') OF NAVIGANT CORPORATE ADVISORS LIMITED ("NAVIGANT* OR THE "NCAL" OR THE "COMPANY**) FOR CASH AT A PRICE OF RS 14 PER SHARE (THE "OFFER PRICE*) THROUGH AN OFFER FOR SALE BY MR. SARTHAK VIJLANI (THE "SELLING SHAREHOLDER") AGGREGATING TO RS l 9.00 LACS ("THE OFFER"). OF WHICH. 50,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVEO FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF 8.00.000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.96% AND 25.37% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 19th November. 2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations. 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors as the case may be. Tine balance net offer of shares to the public shall be made available for allotment to a) indnndual applicants other than retail investors and b) other investors Including corporate bodies / Institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall may be made available for allocation in any other category, if so required.

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 shal be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE OFFER PRICE IS RS 14 EACH. THE OFFER PRICE IS 1.40 TIMES OF THE FACE VALUE. OFFER OPENED ON 30TH NOVEMBER,
2015 AND CLOSED ON 7TH DECEMBER, 2015.

The Equity Shares offered through the Prospectus are proposed to be is listed on the SME platform of BSE Limited ('BSE") In terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Offer. However, Company has received an approval letter dated 5th November, 2015 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.
All Applicants were allowed to participate in the Offer 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 Sell Certified Syndicate Banks (the *SCSBs").

SUBSCRIPTION  DETAILS

The Offer has received 135 applications for 1460,000 Equity Shares (Including Market Maker Application of 50,000 Equity Shares) resulting 1.7176 times subscription. After considering, cheque return cases of 10 applications of 1,00,000 Equity Shares, the Offer was subscribed 1.6000 times. The details of the applications received in the Offer (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal ot application):

Category Number of Applications Shares Applied Offer Size (As Per Prospectus) Proportionate
Offer Size
Subscription
Market Makers 1 50000 50000 50000 1.0000
Other than Retai Individual Investor's 5 120000 400000 70000 1.7143
Retail Individual Investor's 119 1190000 400000 730000 1.6301
TOTAL 125 1360000 850000 850000 1.6000

The details of applications rejected by the Registrar on technical grounds (including wrthdrawals) are detailed below;

Category Number of Applications Number of Equity Shares
Market Makers Nil Nil
Other than Retail Individual Investor' Nil Nil
Retail Individual Investor's 2 20000
TOTAL 2 20000

Detail of the Applications Received (After Technical Rejection & withdrawal)

Category Number of Applications Shares Applied Offer Size (As Per Prospectus) Proportionate Offer Size Subscription
Market Makers 1 50000 50000 50000 1.0000
Other than Retail Individual Investor's 5 120000 400000 70000 1.7143
Retail Individual Investor's 117 1170000 400000 730000 1.6027
TOTAL 123 1340000 850000 850000 1.5765

Allocama: The Basts of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 11th December, 2015
A) Allocation to Market Maker (After Technical Rejections A Withdrawal): The Baas of Allotment to the Market Maker at the offer price of Rs 14 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 50.000 Equity shares in full out of reserved portion of 50.000 Equity Shares.
B) Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the offer price of Rs 14 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.6027 times. Total nunber of shares allotted in this category is 7.30.000 Equity Shares The category wise basis of allotment is as under.

No of Shares
Applied for
(Category Wise)
No. of
Applications
%to
Total
Total No. of
Equity Shares applied
% of
Total
Proportionate
Shares
Available
Allocation Per
Applicant (before
rounding off)
Allocation Per
Applicant (after
rounding off)
Ratio of
Allotees to The
Applicants
Total No. of
Equity Sharei
allotted
10000 117 100 1170000 100 730000 6239.32 10000 FIRM 730000
TOTAL 117 100 1170000 100 730000 730000

C) Allocation to Non Retail Investors (After Technical Rejections a Withdrawal): The Basis of Allotment to the Non Retail Investors, at the offer price  of  Rs 14 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.7143 times. Total number of shares allotted in this category is 70,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category Wise) No. of Applications % to
Total
Total No. of Equity Shares applied % of
Total
Proportion ate Shares Available Allocation Per Applicant (before rounding off) Allocation Par Applicant (after rounding off) Ratio of Allotees to The Applicants Total No. of Equity Shares Allotted Surplus/ (Defecit)
20000 4 80.00 80000 66.67 46667 11666.67 10000 FIRM 40000 6666.67
40000 1 20.00 40000 33.33 23333 23333 33 30000 FIRM 30000 (6666.67)
TOTAL 5 100 120000 100 70000 70000

-

The Board of Directors of the Company at its meeting held on 14th December, 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the equity shares/ dispatch of share certificates to various successful applicants.
The CAN-currv 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 16th December. 2015. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 16th December. 2015. In case the same is not received within 10 days, Investors may contact at the address given below The Equity Shares allocated to successful appfccants are being credited to their beneficiary accounts subject to validation ot 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 Twelve working days from the date of the closure of the Offer. The trading is proposed to be commenced on or before 22nd December, 2015 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The detais of the allotment made would also be hosted on the website of the Registrar to the Offer. Karvy Computer share Private Limited at www.karismakarvy.com All future correspondence in this regard may kndly be addressed to the Registrar to the Offer quoting full name of the First Sole applicants, serial number of the Application Form, nunber 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 COMPUTERS HARE PRIVATE LIMITED
Karvy Selenium Tower B,Plot31-32. Gachibowli, financial District,Nanakramguda Hyderabed - 500 032
Tel: +91 40 6716 2222; Fax: + 91 40 2343 1551
Email: navigant.ipo@karvy.com; Website: www.karismakarvy.com
SEBI Regn. Number: INR000000221

Place: Mumbai
Date :December 14,2015

For Navigant Corporate Advisors Limited
Sd/-
Sarthak Vijlani
Managing Directo
r

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF NAVIGANT CORPORATE ADVISORS LIMITED.

Navigant Corporate Advisors IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Navigant Corporate Advisors IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Navigant Corporate Advisors IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Navigant Corporate Advisors IPO basis of allotment status?

    The Navigant Corporate Advisors IPO basis of allotment (published above) tells you how shares are allocated to you in Navigant Corporate Advisors IPO and category wise demand of IPO share.

    Visit the Navigant Corporate Advisors IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Navigant Corporate Advisors IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Navigant Corporate Advisors IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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