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S M Gold IPO Details

Issue Open Oct 3, 2018
Issue Close Oct 10, 2018
IPO Price ₹30
Face Value ₹10
IPO Size ₹7.50 Cr
Listing At BSE SME
IPO Lot Size 4000
S. M. GOLD LIMITED
Corporate Identification Number: U74999GJ2017PLC098438

Our Company was originally incorporated as S. M. Gold Private Limited on July 26, 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 limited company and consequently name was changed to "S. M. Gold Limited" (SMGL) vide fresh certificate of incorporation dated August 24, 2017 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company has acquired the business of Proprietorship Concern of one of our Promoter- Mr. Priyank S. Shah viz, M/s S.M. Gold through the Business Succession Agreement dated August 03, 2018. Consequently, the business of the proprietorship firm was merged into S. M. Gold Limited. 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. 90 of the Prospectus.

Registered Office: Shop No-1, 916 Building, Opp. Luhar Ni Pole, M.G Haveli Road, Manek Chowk, Ahmedabad - 380001, Gujarat, India
Tel. No.: +91 79 22114411 Email: compliancesmgold@gmail.com | Website: www.smgold.in
Contact Person: Ms. Noopur Jain, Company Secretary & Compliance Officer
PROMOTER OF THE COMPANY: MR. PRIYANK S. SHAH & MR. PULKITKUMAR S. SHAH
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 25,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES' ) OF S. M. GOLD LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE RS. 30 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 20 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 750.00 LAKHS ("THE ISSUE"). OF WHICH 1,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR A CASH PRICE OF RS. 30 PER EQUITY SHARE. AGGREGATING TO RS. 39.60 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 23,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 30 PER EQUITY SHARE AGGREGATING TO RS. 710.40 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.36% AND 35.39%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

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. 30.00 IS 3.0 TIMES OF THE FACE VALUE.
ISSUE OPENED ON WEDNESDAY; OCTOBER 03, 2018 AND CLOSED ON WEDNESDAY; OCTOBER 10, 2018.
PROPOSED LISTING: FRIDAY; OCTOBER 19, 2018

The Equity Shares offered through the 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 September 06, 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 83 applications for 26,00,000 Equity Shares resulting in 1.0400 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 Number of Application(s) % to Total Number of Equity Shares % to Total Subscription (Times)
Market Makers 1 1.20 1,32,000 5.08 1.0000
Other than Retail Individual Investors 15 18.07 22,00,000 84.61 1.8581
Retail Individual Investors 67 80.73 2,68,000 10.31 0.2264
Total 83 100.00 26,00,000 100.00 1.0400

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 1 4,000
Other than Retail Individual Investors 0 0
TOTAL 1 4,000

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) Proportionate Issue Size (After rounding off) No. of Valid Shares applied % of Total Applied Subscription (Times) Revised Subscription (Times)*
Market Maker 1 1.22 1,32,000 1,32,000 1,32,000 5.08 1.0000 1.0000
Other than Retail Individual Investor's 15 18.29 11,84,000 2,104,000 22,00,000 84.75 1.8581 1.0456
Retail Individual Investor's 66 80.49 11,84,000 2,64,000* 2,64,000* 10.17 0.2230 1.0000
Total 82 100.00 25,00,000 25,96,000 25,96,000 100.00 1.0384 1.0384

* unsubscribed portion of 9,20,000 equity shares spilled over to Other than Retail Individual Investor category.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 15, 2018.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 30 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 1,32,000 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 % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to Ratio of Allottees Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/ Deficit
Applicant : Ratio 1 Applicant : Ratio 2
1,32,000 1 100 1,32,000 100 1,32,000 1,32,000 1,32,000 1:1 - 1 1,32,000 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. 30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0.22297 times i.e. for 2,64,000 Equity Shares. Total number of shares allotted in this category is 2,64,000 Equity Shares to 66 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 % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to Ratio of Allottees Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/ Deficit
Applicant : Ratio 1 Applicant : Ratio 2
4,000 66 100.00 2,64,000 100.00 11,84,000 4,000.00 4,000 1 1 66 2,64,000* (9,20,000)

* unsubscribed portion of 9,20,000 equity shares spilled over to Other than Retail Individual Investor category.

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. 30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.045627 times i.e. for 22,00,000 shares. The total number of shares allotted in this category is 21,04,000 Equity Shares to 15 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 % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to Ratio of Allottees Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/ Deficit
Applicant : Ratio 1 Applicant : Ratio 2
16,000 1 6.67 16,000 0.73 15,302 15,301.82 16,000 1 1 1 16,000 (6980
48,000 1 6.67 48,000 2.18 45,905 45,905.45 48,000 1 1 1 48,000 (2,095)
80,000 1 6.67 80,000 3.64 76,509 76,509.09 76,000 1 1 1 76,000 509
84,000 2 13.33 1,68,000 7.64 1,60,669 80,334.55 80,000 1 1 2 1,60,000 669
1,20,000 1 6.67 1,20,000 5.45 1,14,764 1,14,763.64 1,16,000 1 1 1 1,16,000 (1,236)
1,60,000 1 6.67 1,60,000 7.27 1,53,018 1,53,018.18 1,52,000 1 1 1 1,52,000 1,080
1,64,000 5 33.33 8,20,000 37.27 7,84,218 1,56,843.64 1,56,000 1 1 5 7,80,000 4,218
              4,000 1 5 1 4,000 (4,000)
2,32,000 2 13.33 4,64,000 21.09 4,43,753 2,21,876.36 2,20,000 1 1 2 4,40,000 3,753
              4,000 1 2 1 4,000 (4,000)
3,24,000 1 6.67 3,24,000 14.73 3,09,862 3,09,861.82 3,08,000 1 1 1 3,08,000 1,862
TOTAL 7 100.00 22,00,000 100.00 21,04,000         15 21,04,000 0

The Board of Directors of the Company at its meeting held on October 15, 2018 has approved the Basis of Allotment of Equity Shares as approved by the Designated Stock Exchange, i.e., BSE at its meeting held on October 15, 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 October 16, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before October 16, 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 September 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 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, Gachibowli, Finacial District, Nanakramguda, Hyderabad-500032, Telangana, India.
Tel. No.: +91 40 - 6716 2222 | Fax No.: +91 402343 1551 | Website: www.karisma.karvy.com
Email: einward.ris@karvy.com | Investor Grievance Email: smgold.ipo@karvy.com
Contact Person: M Murali Krishna | SEBI Regn. No.: INR000000221
For S. M. Gold Limited
On behalf of the Board of Directors
Sd/-
Place: Ahmedabad Mr. Pulkitkumar S. Shah
Date: October 16, 2018 Managing Director

S M Gold IPO Basis of Allotment FAQs

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

The S M Gold IPO basis of allotment (published above) tells you how shares are allocated to you in S M Gold IPO and category wise demand of IPO share.

Visit the S M Gold IPO allotment status page to check the number of shares allocated to your application.

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