Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE. PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA
PRIZOR VIZTECH LIMITED | |
Corporate Identilication Number: U26401GJ2017PLC095719 |
Our Company was originally incorporated on February 10, 2017 under the name 'Prizor Viztech Private Limited" under the provisions of the Companies Act. 2013 with the Registrar of Companies. Central Registration Centre. Subsequently, the status of the Company was changed to public limited Company and the name of our Company was changed to "Prizor Viztech Limited" vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of our Company held on September 21, 2021 The fresh certificate of incorporation consequent to conversion was issued on October 13.2021 by the Registrar of Companies. Ahmedabad. The Corporate Identification Number of our Company is U26401GJ2017PLC095719.
Registered Office: 514, Maple Trade Centre, Nr. Surdhara Circle. Thaltej. Ahmedabad - 380054, Gujarat, India. |
Tel No: +91 78618 04737 | E-mail: investors@prizor.in | Website: www.prizor.in |
Contact Person: Ms. Bhatt Hetaxiben Umang, Company Secretary and Compliance Officer |
THE PROMOTERS OF OUR COMPANY ARE MS. MITALI DASHARATHBHARTHI GAUSWAMI AND MR. GAUSWAMI DASHARATHBHARTHI GOPALBHARTHI |
"THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF NSE (NSE EMERGE)."
BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 28,91,200 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH (THE "EQUITY SHARES") OF PRIZOR VIZTECH LIMITED ("OUR COMPANY" OR "PRIZOR" OR "THE ISSUER") FOR CASH AT A PRICE OF RS.87/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.77/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS.2,515.34 LAKHS ("THE ISSUE"), OF WHICH 1,60,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FOR CASH AT A PRICE OF RS.87/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF <77/- PER EQUITY SHARE AGGREGATING TO RS.139.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E., NET ISSUE OF 27,31,200 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH AT A PRICE OF RS.87/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.77/- PER EQUITY SHARE AGGREGATING TO RS.2,376.14 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.04% AND 25.55% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
ISSUE PRICE: RS. 87/- PER EQUITY SHARE OF FACE VALUE RS. 10/- EACH. |
ANCHOR INVESTOR ISSUE PRICE: RS. 87/- PER EQUITY SHARE |
THE ISSUE PRICE IS 8.7 TIMES OF THE FACE VALUE. |
RISK TO INVESTORS:
1. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.
2. The average cost of acquisition of Equity Shares by our Promoters is as follows:
Sr. No. |
Name of Promoters/Selling Shareholder |
No of Equity Shares held |
Average cost of Acquisition (in Rs.) |
1. |
Ms. Mitali Dasharaihbharthi Gauswami | 48,30.000 |
2.01 |
2. |
Mr. Gauswami Dasharathbharthi Gopalbharthi | 24,69,968 |
9.43 |
3. Weighted average cost of acquisition:
Types of transactions |
Weighted average cost of acquisition (Rs. per Equity Shares) |
Weighted average cost of acquisition of primary / new issue of shares. | 75/- |
Weighted average cost of acquisition for secondary sale / acquisition of shares. | 10/- |
ANCHOR INVESTOR BIDDING DATE WAS: THURSDAY, JULY 11, 2024 | |
BID/ISSUE OPENED ON: FRIDAY, JULY 12, 2024 | BID/ISSUE CLOSED ON: TUESDAY, JULY 16, 2024 |
This Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules. 1957, as amended ("SCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance v/ith Regulation 253 of the SEBI ICDR Regulations wherein not more than 50.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QlBs") (the "QIB Portion"), provided that our Company in consultation with the BRLMs may allocate up to 60.00% of the QIB Portion to Anchor Investors on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion) ("Net QIB Portion"). Further, 5.00% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, other than Anchor Investors, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15.00% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35.00% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Potential Bidders, other than Anchor Investors, are required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts will be blocked by the Self-Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, please refer to the chapter titled Issue Procedure" on page 263 of the Prospectus.
The bidding for Anchor investors opened and closed on Thursday, July 11, 2024. The Company received 04 Anchor Investor Application Forms from 04 Anchor Investors (including Nil Mutual Funds through Nil Mutual Fund schemes) for 9,24.800 Equity Shares. Such 04 Anchor Investors through 04 Anchor Investor Application Forms were allocated 8,14,400 Equity Shares at a price of Rs. 87/- per Equity Share under the Anchor Investor Portion, aggregating to T 7,08,52.800/-
The Issue (excluding Anchor Investor Portion) received applications for 43.00,96.000 Equity Shares (before technical rejections) resulting in 207.10 times subscription (including reserved portion of market maker). The Details of the Applications received from various categories (before technical rejection) are as under:
Detail of the Applications Received:
CATEGORY |
NUMBER OF APPLICATIONS* |
NO OF SHARES |
RESERVED |
NO OF TIMES SUBSCRIPTIONS | AMOUNT |
Qualified Institutional Buyers (excluding Anchor Portion) | 44 |
5,24,81,600 |
5,44,000 |
96.47 |
4,56,58,99,200 |
Retail Individual Investors | 1,62,871 |
26,05,93,600 |
9,60,000 |
271.45 |
22,67,02,83,200 |
Non-lnstitutional Bidders | 12,062 |
11,68,60,800 |
4,12,800 |
283.09 |
10.16,52,38,400 |
Market Maker | 1 |
1,60,000 |
1,60,000 |
1.00 |
1.39,20,000 |
TOTAL | 1,74,978 |
43,00,96,000 |
20,76,800 |
37,41,53,40,800 |
'This includes 630 applications for 10,08.000 Equity Shares from Retail Individual which were not in book but excludes bids (UPI Mandates & SCSB) not accepted by investors.
Final Demand
A summary of the final demand as per NSE as on the Bid/lssue Closing Date at different Bid Prices is as under:
Sr. No. |
Bid Price |
Bids Quantity |
% of Total |
Cumulative Total |
% Cumulative Total |
1. |
82.00 |
4,06.400 |
0.08 |
4,06,400 |
0.08 |
2. |
83.00 |
73.600 |
0.01 |
4,80,000 |
0.09 |
3. |
84.00 |
1,00,800 |
0.02 |
5,80,800 |
0.11 |
4. |
85.00 |
3,48,800 |
0.07 |
9,29,600 |
0.18 |
5. |
86.00 |
2,36,800 |
0.05 |
11,66,400 |
0.23 |
6. |
87.00 |
34,02,30,400 |
66.60 |
34,13,96,800 |
66.83 |
7. |
CUTOFF |
16.94.84.800 |
33.17 |
51,08,81,600 |
100.00 |
Total |
100.00 |
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on July 18,2024
A) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price of T87/- per equity shares, was finalized in consultation with NSE. The category was subscribed by 266.61 times i.e., for 25,59,48.800 Equity Shares. Total number of shares allotted in this category is 9.60,000 Equity Shares to 600 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 |
%to Total |
No. of Equity Shares allocated / allotted per Applicant |
Ratio |
Total No. of Shares Allotted |
1,600 |
1,59,968 |
100.00 |
25,59,48,800 |
100.00 |
1,600 |
3:800 |
9,60,000 |
TOTAL |
1,59,968 |
100.00 |
25,59,48,800 |
100.00 |
1,600 |
3:800 |
9,60,000 |
B) Allocation to Non-lnstilulional Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs.87/- per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 280.08 times i.e., for 11,56,17,600 Equity Shares. The total number of shares allotted in this category is 4,12,800 Equity Shares to 238 successful applicants. The category wise details of the Basis of Allotment are as under:
Sr. No. |
No. of Shares applied for (Category wise) |
Number of applications received |
%to total |
Total No. of Equity Shares applied in this Category |
%to total |
No. of Equity Shares allocated / allotted per Applicant |
Ratio of Allottees to Applicants |
Total Number of shares allotted |
1 |
3,200 |
7738 |
64.98 |
24761600 |
21.42 |
1600 |
7: 985 |
88,000 |
2 |
4,800 |
1305 |
10.96 |
6264000 |
5.42 |
1600 |
9: 839 |
22,400 |
3 |
6,400 |
514 |
4.32 |
3289600 |
2.85 |
1600 |
7: 514 |
11,200 |
4 |
8,000 |
365 |
3.07 |
2920000 |
2.53 |
1600 |
7: 365 |
11,200 |
5 |
9,600 |
156 |
1.31 |
1497600 |
1.30 |
1600 |
1:52 |
4,800 |
6 |
11,200 |
188 |
1.58 |
2105600 |
1.82 |
1600 |
5:188 |
8,000 |
7 |
12,800 |
715 |
6.00 |
9152000 |
7.92 |
1600 |
4:143 |
32,000 |
8 |
14,400 |
80 |
0.67 |
1152000 |
1.00 |
1600 |
3: 80 |
4,800 |
9 |
16.000 |
278 |
2.33 |
4448000 |
3.85 |
1600 |
5:139 |
16,000 |
10 |
17,600 |
43 |
0.36 |
756800 |
0.65 |
1600 |
2: 43 |
3,200 |
11 |
28,800 |
43 |
0.36 |
1238400 |
1.07 |
1600 |
3: 43 |
4,800 |
12 |
32,000 |
28 |
0.24 |
896000 |
0.77 |
1600 |
1:14 |
3,200 |
13 |
33,600 |
7 |
0.06 |
235200 |
0.20 |
1600 |
1:7 |
1,600 |
14 |
36,800 |
7 |
0.06 |
257600 |
0.22 |
1600 |
1:7 |
1,600 |
15 |
40.000 |
22 |
0.18 |
880000 |
0.76 |
1600 |
1:11 |
3,200 |
16 |
9,40,800 |
1 |
0.01 |
940800 |
0.81 |
3200 |
1:1 |
3,200 |
17 |
11,12,000 |
1 |
0.01 |
1112000 |
0.96 |
3200 |
1:1 |
3,200 |
18 |
11,48,800 |
1 |
0.01 |
1148800 |
0.99 |
4800 |
1:1 |
4,800 |
19 |
13,61,600 |
1 |
0.01 |
1361600 |
1.18 |
4800 |
1:1 |
4,800 |
20 |
13,72,800 |
5 |
0.04 |
6864000 |
5.94 |
4800 |
1:1 |
24,000 |
C) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 87/- per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 94.51 times i.e., for 5,14,12,800 shares the total number of shares allotted in this category is 5,44,000 Equity Shares to 43 successful applicants. The category wise details of the Basis of Allotment are as under:
Category | FIS. BANKS | MRS | IC'S | NBFC'S | AIF | FPI | VC'S | TOTAL |
QIBs | 62,400 | - | 6,400 | 1,76,000 | 83,200 | 2,16,000 | -- | 5,44,000 |
D) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 8,14,400 Equity Shares to 04 Anchor Investors at Anchor Investor Issue Price of Rs. 87/- per equity share in accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:
CATEGORY | FIS/BANKS | MF'S | ICS | NBFC'S | AIF | FPI | VENTURE CAPITAL FUND | OTHERS | TOTAL |
ANCHOR | 1 | - | - | - | - | 6,40.000 | 1,74,400 | --- | 8,14,400 |
E) Allocation to Market Maker (After Technical Rejections: The Basis of Allotment to Market Maker, v/ho have bid at Issue Price of Rs. 87/- per equity shares or above, was finalized in consultation v/ith NSE. The category was subscribed by 1.00 times i.e., for 1,60,000 shares the total number of shares allotted in this category is 1,60,000 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 | %to Total | No. of Equity Shares allocated'' allotted per Applicant | Ratio | Total No. of Shares Allotted |
1,60,000 | 1 | 100.00 | 1,60,000 | 100.00 | 1,60,000 | 1:1 | 1,60,000 |
TOTAL | 1 | 100.00 | 1,60,000 | 100.00 | 1,60,000 | 1,60,000 |
The Board of Directors of the Company at its meeting held on Julyl 8, 2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for Issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices v/ill forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before July 19, 2024. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to July 19, 2024. In case the same is not received within ten 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 NSE Emerge within Three 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 July 17, 2024 ("Prospectus") filed with Registrar of Companies. Ahmedabad.
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 Bid cum 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 | |
Office No. S6-2. 6th Floor. Pinnacle Business Park. Next to Ahura Centre. Mahakali Caves Road. | |
Andheri East. Mumbai - 400 093. Maharashtra. India | Tel: 022 - 6263 8200 | |
E-mail: ipo@bigshareonline.com | Investor grievance e-mail: investor@bigshareonline.com | |
Website: www.bigshareonline.com | Contact Person: Mr. Vinayak Morbale | SEBI Registration No.: INR000001385 |
For PRIZOR VIZTECH LIMITED |
|
Sd/- |
|
Mitali Dasharathbharthi Gauswami |
|
Date: July 18,2024 | Chairman and Managing Director |
Place: Ahmedabad, Gujarat. | DIN:07712190 |
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 PRIZOR VIZTECH LIMITED.
Prizor Viztech Limited is proposing, subject to market conditions, public Issue of its equity shares and has filed the Prospectus with the Registrar of Companies. Ahmedabad. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Book Running Lead Manager at www.shreni.in website of the NSE at www.nseindia.com and website of Issuer Company at www.prizor.in. Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 30 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act') or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "US. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933. AdBaaz
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