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September 21, 2017 - September 26, 2017

Share India Securities IPO Basis of Allotment

SHARE INDIA SECURITIES LIMITED
Corporate Identification Number: U67120UP1994PLC050209

Our Company was originally incorporated on July 12,1994 as 'FMS Securities Limited' vide Registration no. 02-04175 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Assam, Meghalaya, Manipur, Tripura, Nagaland, Arunachal Pradesh & Mizoram, Shillong and received Certificate for Commencement of Business on July 20,1994. Further the Registered Office of the Company was changed to National Capital Territory of Delhi & Haryana from Assam and fresh certificate for change in registered office was issued by Registrar of Companies, National Capital Territory of Delhi & Haryana dated December 21, 2000 pursuant to CLB Eastern Region Bench order dated August 09, 2000. In the year 2000, our Existing Promoters Mr. Parveen Gupta, Mr. Sachin Gupta, Mr. Rajesh Gupta and Mr. Yash Pal Gupta took over the control of our Company from our erstwhile Promoters i.e. Mr. Hukamraj Sajjanraj Kumbhat, Mr. Kaushal Kumbhat, Mr. Pardip Kumbhat, Mr. Haradhan Saha, Mrs. Laxmi Narain Biyani, Mrs. Ambika Barua and Mvv Indu Kumbhat. Pursuant to the scheme of Amalgamation, Share India Securities Limited was merged into our Company vide order of Hon'ble High Court of Delhi dated May 20, 2010.The name of our Company was changed to Share India Securities Limited, vide a fresh certificate of Incorporation pursuant to change of name dated July 15, 2010 issued by Registrar of Companies, National Capital Territory of Delhi and Haryana. Further the Registered Office of the Company was changed to Uttar Pradesh from the State of Delhi and fresh certificate for change in registered office was issued by Registrar of Companies, Uttar Pradesh dated May 02, 2012 having CIN U67120UP1994PLC050209 pursuant to Company Law Board, New Delhi Bench order dated April 17,2012.

Registered Office: 6th Milestone, New Bhai-Chara Complex, Opp Mata Mandir, Chikambarpur, UP Border, Sahibabad, Ghaziabad, Uttar Pradesh-201006
Corporate Office: 14, Dayanand Vihar, Ground Floor, Near Karkardooma Metro Station, Vikas Marg Ext. Delhi -110092, India
Tel No.: + 91-11-43011000; +91-0120-64702730 | E-mail: info@shareindia.com | Website: www.shareindia.com
CONTACT PERSON: MR. VIKAS AGGARWAL, (COMPANY SECRETARY & COMPLIANCE OFFICER)

PROMOTERS OF OUR COMPANY: MR. PARVEEN GUPTA, MR. SACHIN GUPTA, MR. YASHPAL GUPTA & MR. RAJESH GUPTA

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 64,32,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SHARE INDIA SECURITIES LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 31 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 2637.12 LAKHS ('ISSUE') CONSISTING OF A FRESH ISSUE OF 59,32,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 2432.12 LAKHS ('ISSUE') AND 5,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 205 LAKHS THROUGH AN OFFER FOR SALE BY MR. PARVEEN GUPTA, MR. SACHIN GUPTA, MR. YASHPAL GUPTA, MR. RAJESH GUPTA, MRS. REKHA GUPTA 8 MRS. TRIPTI GUPTA (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 3,24,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 41 PER EQUITY SHARE, AGGREGATING TO RS 132.84 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 61,08,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 41 PER EQUITY SHARE AGGREGATING TO RS 2504.28 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.33% AND 25.01%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 271 OF THE PROSPECTUS.

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 'SEBI ICDR REGULATIONS'), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS RS 41 THE ISSUE PRICE IS 4.10 TIMES THE FACE VALUE.
ISSUE OPENED ON THURSDAY, SEPTEMBER 21, 2017 AND CLOSED ON TUESDAY, SEPTEMBER 26, 2017.
PROPOSED LISTING: THURSDAY, OCTOBER 05, 2017*

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Ltd ('BSE SME'). Our Company has received an approval letter dated September 13, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Ltd. The trading is proposed to be commenced on or about October 05, 2017.*

*Subject to receipt of listing and trading approvals from the BSE Limited.

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 4020 applications for 2,35,17,000 Equity Shares resulting in 3.66 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 No. of
Applicants
% No. of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.02 3,24,000 1.38 1
Retail Individual Investors 3921 97.54 1,17,63,000 50.02 3.85
Other than Retail Individual Investors 98 2.44 1,14,30,000 48.60 3.74
TOTAL 4020 100.00 2,35,17,000 100.00

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 Maker Nil Nil
Retail Individual Investors 54 1,62,000
Other than Retail Individual Investors Nil Nil
TOTAL 54 1,62,000

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

Category No. of Applications % Reserved Portion
(as per Prospectus)
No. of Valid
Shares applied
% of
Total Applied
Subscription (Times)
Market Maker 1 100 324000 324000 100 1.00
TOTAL 1 100 324000 324000 100 1.00
Category No. 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 3867 97.53 30,54,000 30,78,000 1,16,01,000 50.37 3.77
Other than Retail Individual Investors 98 2.47 30,54,000 30,30,000 1,14,30,000 49.63 3.77
TOTAL 3965 100 61,08,000 61,08,000 2,30,31,000 100

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on September 29, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 41 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 3,24,000 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 Appli
cant: Ratio 1
Ratio of
Allottees
to Appli
cant: Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
3,24,000 1 100.00 3,24,000 100.00 3,24,000 3,24,000 3,24,000 1 1 1 3,24,000 -
TOTAL 1 100.00 3,24,000 100.00 3,24,000 3,24,000 3,24,000 1 1 1 3,24,000 -

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 41 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 3.77 times i.e. for 1,16,01,000 Equity Shares. Total number of shares allotted in this category is 30,78,000 Equity Shares to 1026 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 Applicant: Ratio 1
Ratio of
Allottees
to Applicant: Ratio 2
Number of
Successful
applicant (after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
3,000 3867 100.00 1,16,01,000 100.00 30,78,000 795.97 3000 342 1289 1026 30,78,000 -
TOTAL 3867 100.00 1,16,01,000 100.00 30,78,000 1026 30,78,000 -

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 41 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 3.77 times i.e. for 1,14,30,000 shares the total number of shares allotted in this category is 30,30,000 Equity Shares to 92 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 Applicant: Ratio 1
Ratio of
Allottees
to Applicant: Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
6000 10 10.20 60000 0.52 15906 1590.55 3000 5 10 5 15000 -906
9000 4 4.08 36000 0.31 9543 2385.83 3000 3 4 3 9000 -543
12000 10 10.20 120000 1.05 31811 3181.10 3000 1 1 10 30000 -1811
15000 4 4.08 60000 0.52 15906 3976.38 3000 1 1 4 12000 -3906
15000 0.00 3000 1 4 3000 3000
21000 4 4.08 84000 0.73 22268 5566.93 6000 1 1 4 24000 1732
24000 4 4.08 96000 0.84 25449 6362.20 6000 1 1 4 24000 -1449
27000 12 12.24 324000 2.83 85890 7157.48 6000 1 1 12 72000 -13890
27000 0.00 3000 5 12 15000 15000
30000 2 2.04 60000 0.52 15906 7952.76 9000 1 1 2 18000 2094
33000 2 2.04 66000 0.58 17496 8748.03 9000 1 1 2 18000 504
36000 2 2.04 72000 0.63 19087 9543.31 9000 1 1 2 18000 -1087
39000 1 1.02 39000 0.34 10339 10338.58 9000 1 1 1 9000 -1339
42000 1 1.02 42000 0.37 11134 11133.86 12000 1 1 1 12000 866
45000 1 1.02 45000 0.39 11929 11929.13 12000 1 1 1 12000 71
48000 2 2.04 96000 0.84 25449 12724.41 12000 1 1 2 24000 -1449
57000 1 1.02 57000 0.50 15110 15110.24 15000 1 1 1 15000 -110
60000 2 2.04 120000 1.05 31811 15905.51 15000 1 1 2 30000 -1811
66000 1 1.02 66000 0.58 17496 17496.06 18000 1 1 1 18000 504
72000 1 1.02 72000 0.63 19087 19086.61 18000 1 1 1 18000 -1087
75000 1 1.02 75000 0.66 19882 19881.89 21000 1 1 1 21000 1118
87000 1 1.02 87000 0.76 23063 23062.99 24000 1 1 1 24000 937
99000 2 2.04 198000 1.73 52488 26244.09 27000 1 1 2 54000 1512
102000 4 4.08 408000 3.57 108157 27039.37 27000 1 1 4 108000 -157
120000 2 2.04 240000 2.10 63622 31811.02 33000 1 1 2 66000 2378
123000 1 1.02 123000 1.08 32606 32606.30 33000 1 1 1 33000 394
144000 2 2.04 288000 2.52 76346 38173.23 39000 1 1 2 78000 1654
159000 2 2.04 318000 2.78 84299 42149.61 42000 1 1 2 84000 -299
213000 1 1.02 213000 1.86 56465 56464.57 57000 1 1 1 57000 535
219000 6 6.12 1314000 11.50 348331 58055.12 57000 1 1 6 342000 -6331
219000 3000 2 6 6000 6000
225000 2 2.04 450000 3.94 119291 59645.67 60000 1 1 2 120000 709
240000 1 1.02 240000 2.10 63622 63622.05 63000 1 1 1 63000 -622
243000 3 3.06 729000 6.38 193252 64417.32 63000 1 1 3 189000 -4252
243000 3000 1 3 3000 3000
489000 1 1.02 489000 4.28 129630 129629.92 129000 1 1 1 129000 -630
600000 1 1.02 600000 5.25 159055 159055.12 159000 1 1 1 159000 -55
729000 1 1.02 729000 6.38 193252 193251.97 192000 1 1 1 192000 -1252
732000 2 2.04 1464000 12.81 388094 194047.24 195000 1 1 2 390000 1906
1950000 1 1.02 1950000 17.07 516928 516929.13 516000 1 1 1 516000 -928
TOTAL 98 100.00 1,14,30,000 100.00 30,30,000 92 30,30,000 0

The Board of Directors of the Company at its meeting held on September 30, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before October 04, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to October 03, 2017 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 (BSE SME) within six working days from the date of the closure of the offer.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 14, 2017 ('Prospectus').

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 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:

BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Works Bldg, 1 st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200; Fax: +91 22 62638299; E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com;
Contact Person: Mr. Srinivas Dornala; SEBI Registration No.: INR000001385

Place: Sahibabad
Date: October 03, 2017
For Share India Securities Limited
On behalf of the Board of Directors
Sd/-
Sachin Gupta
Whole Time Director

Share India Securities IPO Basis of Allotment FAQs

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

The Share India Securities IPO basis of allotment (published above) tells you how shares are allocated to you in Share India Securities IPO and category wise demand of IPO share.

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