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SBL Infratech Limited IPO Basis of Allotment

SBL Infratech Limited IPO Details

IPO Open Sep 16, 2021
IPO Close Sep 20, 2021
IPO Price ₹111
Face Value ₹10
IPO Size ₹2.37 Cr
Listing At BSE SME
Lot Size 1200
Open an Instant Account with Zerodha
wpeCB.jpg (1442 bytes) SBL INFRATECH LIMITED

Our Company was originally incorporated as a private limited company under the Companies Act 2013 in the name and style of "SBL InfoTech Private Limited" bearing Corporate Identification Number U701020L2015PTC283877 dated August 10, 2015 issued by the Registrar of Companies, Delhi Subsequently, our Company was converted -into public limited company pursuant to a shareholders resolution passed at an Extra-Ordinary General Meeting held on July 13, 2020, and name of our Company was changed to "SBL Infratech Limited" and a fresh Certificate of Incorporation dated July, 28.2020 was issued by Registrar of Companies Delhi. As on date of this Prospectus the Corporate Identification Number of our Company is U70102DL2015PLC283877. For further details of incorporation please refer to section titled. Our History and Certain Other Corporate Matters beginning on page 109 of this Prospectus

Registered Office: Plot No.44. Block B-10, Second Floor, Sector-13, Dwarka. New Delhi-110070
Tel: +91-9873732329, Fax: N.A.
Website: www.sblinfra.com, E-mail: cs@ssblinfra.com
Company Secretary and Compliance Officer: Mr.Sarfraz Taherbhai Mulla
PROMOTERS: MR. ANKIT SHARMA AND MS. SHIFALISHARMA
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 2,13,600 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH ("EQUITY SHARES") OF SBL INFRATECH LIMITED (''COMPANY" OR "ISSUER'') FOR CASH AT APRICE OF RS.111/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 101/- PER EQUITY SHARE) AGGREGATING UP TO RS. 237.09 LAKH ("ISSUE") OF WHICH 10,800 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS.111 /- PER EQUITY SHARE AGGREGATING RS.11.98 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 2,02,800 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 111/- PER EQUITY SHARE AGGREGATING RS. 225.10 LAKH IS HEREINAFTER REFEREDTO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.33% AND 25.00%. RESPECTIVELY OF THE POST ISSUEPAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

FOR FURTHER DETAILS. KINDLY REFER TO CHAPTER TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 189 OF THIS PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 EACH AND THE ISSUE PRICE IS Rs. 111.00
THE ISSUE PRICE IS 11 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

THIS ISSUE IS BEING MADE IN TERMS OF REGULATION 252 OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2018 (THE "SEBI (ICDR) REGULATIONS"). AS AMENDED READ WITH RULE 19(2)(B) OF THE SECURITIES CONTRACTS (REGULATION) RULES, 1957, AS AMENDED FOR FURTHER DETAILS, PLEASE REFER TO CHAPTER TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 189 OF THE PROSPECTUS.

ISSUE OPENED ON: THURSDAY, SEPTEMBER 16, 2021 AND
ISSUE CLOSED ON: MONDAY, SEPTEMBER 20, 2021
PROPOSED LISTING: SEPTEMBER 28, 2021

The Equity Shares of our Company offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter IX of the SEBI (ICDR) Regulations. 2018 as amended from time to time Our Company has received an approval letter dated July 28, 2021 from BSE Limited for using its name in the Prospectus for listing of our shares on the SME Platform of BSE Limited. For the purpose of this issue. BSE Limited shall be the Designated Stock Exchange. The trading is proposed to be commenced on or about September 29, 2021*

* Subject to receipt of listing and trading approvals from 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 179 applications (before rejections and bids not banked) for 2,37,600 Equity Shares resulting in 1.11 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections but after applications not banked) are as follows.

Detail of the Applications Received (Before Technical Rejection but after application not banked):

CATEGORY NUMBER OF APPLICATIONS % NUMBER OF EQUITY SHARES % SUBSCRIPTION (TIMES)
Market Makers 1 0.56 10800 4.55 1.00
Retail Individual Investors 171 95.53 205200 86.36 1.12
Other than Retail Individual Investors 7 3.91 21600 9.09 1.13
TOTAL 179 100.00 237600 100.00 1.11

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

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers Nil Nil
Retail Individual Investors 18 21,600
Other than Retail Individual Investors 2 2,400
Total 20 24,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications

CATEGORY NUMBER OF APPLICATIONS % Reserved Portion (as per Prospectus) No. of Valid Shares applied % of Total Applied SUBSCRIPTION (TIMES)
Market Makers 01 100 10,800 10,800 100 1.00
TOTAL 01 100 10,800 10,800 100 1.00
CATEGORY NUMBER OF APPLICATIONS % Reserved Portion (as per Prospectus) Proportionate Issue Size (After rounding off) No. of Valid Shares applied % of Total Applied SUBSCRIPTION (TIMES)
Retail Individual Investors 171 95.53 1,83,600 1,83,600 2,05,200 86.36% 1.12
Other than Retail Individual Investors 7 3.91 19.200 19,200 21.600 9.09% 1.13
Total 178 100.00 2,02,800 2,02,800 22,68,000 100.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE on September 23,.2021.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 111/- per Equity Share, was finalized n consultation with BSE. The category was subscribed by 1 00 times .The total number of shares allotted in this category is 10,800 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 % of 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 Applicant: Ratio 1 Ratio of A Allottees to Applicant: Ratio 2 Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/ Deficit
10,800 1 100.00 10,800 100.00 10,800 10,800 10,800 1 1 1 10,800 -
TOTAL 1 100.00 10,800 100.00 10,800 10,800 10,800 1 1 1 10,800 -

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. 111/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.12 times i.e. for 2,05,200 Equity Shares. Total number of shares allotted in this category is 1,83.600 Equity Shares to 158 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 % of 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 Applicant Ratio 1 Ratio of Allottees to Applicant Ratio 2 Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/ Deficit
1,200 171 100.00 2,05,200 100.00 1,83,600 1073.68 1,200 153 171 153 1,83,600 -
TOTAL 171 100.00 2,05,200 100.00 1,83,600 153 1,83,600 -

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.111/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.13 times i.e. for 21,600 shares the total number of shares allotted in this category is 19,200 Equity Shares to 7 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 % of 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 Applicant Serial Number of Qualifying applicants Number of Successful applicants (after rounding off) Total No. of Shares allocated/ allotted Surplus/ Deficit (14)-(7)
2400 5 71.43 12,000 55.56 10,666,667 2,133.33 1200 1 1 5 6,000 4,667
2400 1200 4 5 1,2,3.5 4,800 -4,800
4800 2 28.57 9,600 44.44 8.533.333 8,533.33 3600 1 1 2 7,200 1333
4800 1200 1 1 1 1.200 -1200

The Board of Doctors of the Company at its meeting held on September 23, 2021 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSC and has authorized the corporate action for issue of the Equity Shares to various successful applicants

The CAN-cum-allotment advices and/or notices will be forwarded to the email id's and address of the Applicants as registered with the depositories I as filed in the application form on or before September 28, 2021. Further me instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to September 28, 2021. In case the same s not received with10 days investors may contact at the address given below The Equity Shares allocated to successful applicants are being credited to them 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 (BSE SME) within six working days from the date of the closure of me issue

Note: All capitalized terns used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 18, 2021 ("Prospectus").

INVESTORS PLAESE NOTE

The detail of the allotment made would also be hosted on the website of the Registrar to the issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinerta.com. All future correspondence in the regard may kindly be addressed to the Registrar to the Issue quoting name of the First/Sole applicants. serial number of the Application Form, number of shares applied for and Bark Branch where the application had been lodged and payment details at the address of the Register given below

wpeCA.jpg (2356 bytes) SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
0-153A, 1st Floor, Okhla Industrial Area Phase-I. New Delhi 110020, India
Telephone: +91-11-40450193-97 Fax No: +91-11-26812682 Email: virenr@skylinerta.com or admin@skylinerta.com
Investor grievance email: info@skylinerta.com Contact Person: Ms. Santa Singh
Website: www.skylinerta.com
SEBI Registration Number: INE00003241
For SBL INFRATECH LIMITED
On behalf of Board of Directors
Sd/-
Place: Delhi Mr. Ankit Sharma Managing Director
Date. September 25, 2021 DIN-07238593

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 SBL INFRATECH LIMITED

Note: AlI capitalized terms used and not defined Herein shall have same meanings assigned to them in the Prospectus



SBL Infratech Limited IPO Basis of Allotment FAQs

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

The SBL Infratech Limited IPO basis of allotment (published above) tells you how shares are allocated to you in SBL Infratech Limited IPO and category wise demand of IPO share.

Visit the SBL Infratech Limited 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 SBL Infratech Limited IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).