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SI. VI. SHIPPING CORPORATION LIMITED Our Company was incorporated as "SI. VI. Shipping Corporation Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 07, 2012 bearing Registration No. 068922, in Surat, Gujarat. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated December 20, 2013 and consequently the name of our Company was changed to "SI. VI. Shipping Corporation Limited". The Corporate Identification Number of our Company is U35111GJ2012PLC068922. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 115 of the Prospectus. This is to inform the public at large that the Company i.e. "SI. VI. Shipping Corporation Limited" is in no way connected with the Company "Shipping Corporation of India Limited" and this Company i.e. SI. VI. Shipping Corporation Limited will change its name suitably after the proposed issue is over, so that public at large may not be confused. Registered Office: Office Block, 1 st Floor, Plot no. 237/2&3, Sub Plot no. A/25, Central Park Society, GIDC, Pandesara, Surat, Gujarat - 394 221, India. Tel. No.:+91 261 2894415/16; Fax No.:+91 261 2894419; E-mail: investors@sivishipping.com; Website: www.sivishipping.com Contact Person: Ms Ankita Jain, Company Secretary and Compliance Officer � PROMOTER OF OUR COMPANY: MR. MANOJ KUMAR SARAWAGI BASIS OF ALLOTMENT PUBLIC ISSUE OF 27,42,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID OF SI VI SHIPPING CORPORATION LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 15/- PER EQUITY SHARE) AGGREGATING RS. 685.50 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 11,58,000 EQUITY SHARES OF RS. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY OUR PROMOTER (THE "PROMOTER CONTRIBUTION") AND 1,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH WILL BE RESERVED FOR SUBCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS PROMOTERS CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 14,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 47.67% AND 25.03%, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY. In terms of Prospectus dated February 10, 2014 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. 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 EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 25/-. THE ISSUE PRICE IS 2.50 TIMES OF THE FACE VALUE. 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 XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated February 05, 2014 from BSE for using its name in the Prospectus for listing of our Shares on BSE. The designated stock exchange is 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 177 applications for 23,58,000 Equity Shares (Including Market Maker Application of 1,44,000 Equity Shares) resulting 1.49 times subscription. After considering, cheque return cases of 02 applications of 12,000 Equity Shares, the Issue was subscribed 1.48 times. The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection & withdrawal of application but after cheque returns):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on February 28, 2014. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,44,000 Equity shares in full out of reserved portion of 1,44,000 Equity Shares. 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. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.09 times. Total number of shares allotted in this category is 7,20,000 Equity Shares. The category wise basis of allotment is as under:
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. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.93 times. Total number of shares allotted in this category is 7,20,000 Equity Shares . The category wise basis of allotment is as under:
Allocation to the Promoter (After Technical Rejections & Withdrawal): The Basis of Allotment to the Promoter, at the issue price of Rs. 25/- per Equity Share was as per disclosures made in the Prospectus. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 11,58,000 Equity shares in full out of reserved portion of 11,58,000 Equity Shares. The Board of Directors of the Company at its meeting held on March 01, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for 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 March 04, 2014. Further, the instructions to SCSBs are being processed on March 01, 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 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 Issue. The trading is proposed to commence on or before March 07, 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 at� www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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
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The SI VI Shipping IPO basis of allotment (published above) tells you how shares are allocated to you in SI VI Shipping IPO and category wise demand of IPO share.
Visit the SI VI Shipping IPO allotment status page to check the number of shares allocated to your application.
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