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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 |
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.
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.
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