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Our Company was originally incorporate at Mumbai as "Naysaa Securities Private Limited" on 19th October, 2007 under the protons of the Companies Act, 1956. Our Company was converted in to a Public Limited Company and consequently the name was changed to "Naysaa Securities Limited" vide fresh certificate of incorporation dated 5th February, 2014 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 tilled "Our History and Corporate Structure" beginning on page 72 of the Prospectus.
Registered Office & Corporate Office: 102/104.
Shivam Chambers, S.V Road. Goregaon (W). Mumbai - 400062:
Tel: +91 -22-26760404; Fax:+91-22-26760202; Email: naysaa@naysaasecurities.com: Website: www.naysaasecurities.com
Contact Person & Compliance Officer: Ms. Nish A Baig, Company
Secretary & Compliance Officer;
PROMOTERS Of THE COMPANY: MP. JATANTILAL HANSRAJ LODHA & MR. VIKRAM JAYANTILAL LODHA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 10,00.000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") QF NAYSAA SECURITIES LIMITED ("NSL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 15/- PER SHARE (THE "ISSUE PRICE'). AGGREGATING TO RS. 150.00 LACS ("THE ISSUE"). OF WHICH, 56,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 9,44,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTEZR REFFRRED TO AS THE "NET ISSUE" THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.76% AND 27.15%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 18th August. 2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual 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 shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/ EACH AND THE ISSUE PRICE IS RS. 15 EACH. THE ISSUE PRICE IS 1.5 (ONE & HALF) TIMES OF THE FACE VALUE. ISSUE OPENED ON 5TH SEPTEMBER, 2014 ANO CLOSED ON 12 SEPTEMBER, 2014.
The Equrty Shares offered Through the Prospeclus are proposed to be 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 Issue. However Company has received an approval letter dated 8th August. 2014 from BSE for using its name in the offer document for listing of our shares on the SME Paltform of BSE. The designated stock exchange is BSE Limited.
All Applicants were allowed to participale 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 115 applications for 14,88,000 Equity Shares (Including Market Maker Application of 56,000 Equity Shares) resulting 1.483 times subscription. After considering, cheque return cases of 1 application of 8,000 Equity Shares, the Issue was subscribed 1.48 limes. The details of the applications received in the Issue (before technical rejections) are as follows;
Dele ii ol ihe Applicants Receded (Before Technical flejeohon & withdrawal ol application):
| CATEGORY | NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Makers | 1 | 56000 | 1.00 |
| Other than Retail Individual Investor's | 8 | 584000 | 1.24 |
| Retail Individual Investor's | 105 | 840000 | 1 78 |
| TOTAL | 114 | 1480000 | 1.48 |
The details of applications rejected by the Registrar on technical grounds (including withdrawals) ars detailed below:
| CATEGORY | NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
| Market Makers | Nil | Nil |
| Other than Retail Individual Investor's | Nil | Nil |
| Retail individual Investor's | 4 | 32000 |
| TOTAL | 4 | 32000 |
Detail of the Applications Received (After Technical Rejection & withdrawal):
CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Makers | 1 | 56000 | 1.00 |
| Other than Retail Individual Investor's | 8 | 584000 | 1.24 |
| Retail individual Investor's | 101 | 808000 | 1.71 |
| TOTAL | 110 | 1440000 | 1.45 |
ALLOCATION: The Basis of Allotment was finalized in consullalion with the Designated Stock Exchange - BSE Limited: an 22nd September, 2014.
A. Allocation to Market Maker (After Technical Rejections. & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 15/- per Equity Share, was finalised In consultation with BSE.The category was subscnbird by 1.00 times.The total number of shares allotted in this category is 56,000 Equity shares in full out of reserved portion of 56,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections (Withdrawal); The Basis or Allotment to the Retail individual Investors, at the issue price of Rs. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.71 times. Total number of shares allotted in this category is 5,52,000 equity shares including spill over of 4064 equity shares from non retail category. The category wise basis of allotment is as under:
| No. of Shares Applied for (Category wise) |
No of Applications | % to total | Tolal No. of Equity Shares applied | % to total | Proportionate Shares Available | Allocation per Applicant |
Ratio of Allottees to the Applicants |
Total No. of Equity Shares allotted | Surplus/ (Deficit) |
| 8000 | 101 | 100 | 808000 | 100 | 552000 | 8000 | 41:60 | 552000 | - |
| TOTAL | 101 | 100 | 808000 | 100 | 552000 | 8000 | 552000 | - |
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.24 times, Total number of shares allotted in this category is 3,92,000 Equity Shares, the category wise basis of allotment are as under.
| No. of Shares Applied for (Category wise) |
No. of Appli cations | % to Total | Total No. of Equity Shares applied |
% to Total | Proportionate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) | Ratio ot Allottees to the Applicants- |
Total No. of Equity Shares allotled | Surplus/ (Deficit) |
| 16000 | 1 | 12.50 | 16000 | 2.74 | 10740 | 10739.73 | 8000 | FIRM | 8000 | (2740) |
| 64000 | 1 | 12,50 | 64000 | 10.56 | 42959 | 42958.9 | 40000 | FIRM | 40000 | (2059) |
| 72000 | 2 | 25.00 | 144000 | 24.66 | 96658 | 48328.77 | 48000 | FIRM | 96000 | (658) |
| 80000 | 2 | 25.00 | 160000 | 27.40 | 107397 | 53698.63 | 56000 | FIRM | 112000 | 4603 |
| 96000 | 1 | 12.50 | 96000 | 16.44 | 64438 | 64438.36 | 6400O | FIRM | 64000 | (438) |
| 104000 | 1 | 12.50 | 104000 | 17.81 | 69808 | 69808.22 | 72000 | FIRM | 72000 | 2192 |
| TOTAL | B | 100 | 584000 | 100 | 392000 | 392000 | Nil |
The Board of Directors of the Company at its, meeting held on 23rd, September, 2014 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-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 25th September, 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 25th September, 2014. 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 In 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 Issue. The trading is pmposed to be commenced on or before 20th September, 2014 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may Kindly be addressed to the Registrar to the Issue quoting full name of Ihe 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:
BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Sakivihar Road. Sakinaka. Andheri (E), Mumbai - 400 072
Tel: +91 022 4043 0200; Fax: 491 022 2847 5207
Website: www.bigshareonline.com Email: ipo@bigshareonline.com
| Place: Mumbai Date: 23-09.2014 |
For NAVSAA SECURITIES LIMITED Sd/- Mr. Vikram Jayanlilal Lodha Whole-time Director |
The Naysaa Securities IPO basis of allotment (published above) tells you how shares are allocated to you in Naysaa Securities IPO and category wise demand of IPO share.
Visit the Naysaa Securities IPO allotment status page to check the number of shares allocated to your application.
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