Basis of Allotment

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY ANO IS NOT A PROSPECTUS ANNOUNCEMENT. THIS OOES 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.

 

wpe54E.jpg (2376 bytes) BEEZAASAN EXPLOTECH LIMITED
CIN: U24111GJ2013PLC076499

Our company was originally formed as Private Limited Company under the name "Beezaasan Explotech Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 21, 2013 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the status of the Company was changed to Public Limited and the name of our Company was changed to "Beezaasan Explotech Limited" vide Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting of our Company held on May 15,2024. The fresh certificate of incorporation consequent to conversion was issued on July 30,2024 by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U241116J2013PLC076499. For further details on Incorporation and Registered Office of our Company, see "History and Certain Corporate Matters" beginning on page 221 of the Prospectus.

Registered office: 5th Floor 511 Pramukh Tangent Complex Sargasan Cross Road S.G. Highway Gandhinagar Gujarat 382421 India Corporate Otfice: Opposite LIC Office Palace Road Himatnagar Dist: Sabarkantha Himatnagar Gujarat 383001 India.
Tel: +91 6359607701 E mail: investors@beezaasan.in Website: www.beezaasan.com
Contact Person: Ms. Ankita Choudhury Company Secretary and Compliance Officer
THE PROMOTERS OF OUR COMPANY ARE MR. NAVNEETKUMAR RADHESHYAM SOMANI, MR. SUNILKUMAR RADHESHYAM SOMANI, MR. RAJAN SUNILKUMAR SOMANI, M/S. NAVNEET R SOMANI HUF AND M/S. SUNIL R. SOMANI HUF
"THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX DF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF BSE (BSE SME)."
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 34.24,800 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ( "EQUITY SHARES") OF BEEZAASAN EXPLOTECH LIMITED ("BEEZAASAN EXPLOTECH", OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 175/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 165/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 5,993.40 LAKHS ("THE ISSUE"), OF WHICH 1,76,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 175/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 165/- PER EQUITY SHARE AGGREGATING TO RS 308.00 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 32,48,800 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH AT A PRICE OF RS 175/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 165/- PER EQUITY SHARE AGGREGATING TO RS 5,685.40 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.14 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

ISSUE PRICE: RS 175/- PER EQUITY SHARE OF FACE VALUE RS 10/- EACH. ANCHOR INVESTOR
ISSUE PRICE: RS 175.00 PER EQUITY SHARE THE ISSUE PRICE
IS 17.5 TIMES OF THE FACE VALUE
ANCHOR INVESTOR BIDDING DATE WAS: THURSDAY, FEBRUARY 20, 2025
ISSUE PROGRAM BID/ISSUE OPENED ON: FRIDAY, FEBRUARY 21, 2025
BID/ISSUE CLOSED ON: TUESDAY, FEBRUARY 25, 2025
RISKS TO INVESTORS

1. Our Equity Shares have never been publicly traded, and may experience price and volume fluctuations Mowing 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 oral all.

2. The Merchant Banker associated with the Issue has handled 2 public issue in the past three years which has not closed below the Issue Price on Listing date.

3. The average cost of acquisition of Equity Shares by our Promoters is as follows:

Sr.No. Name of Promoters No of Equity Shares held Average cost of Acquisition (in Rs )
1. Mr. Navneetkumar Radheshyam Somani 32,92,602 7.81
2. Mr. Sunilkumar Radheshyam Somani 32,75,975 7.31
3. Mr. Rajan Sunilkumar Somani 3.83.313 2.52
4. M/s. Navneet R Somani HUF 10 10
5. M/s. Sunil R. Somani HUF 10 10

4. Weighted cost of acquisition:

Types of transactions Weighted average cost of acquisition (Rs per Equity Shares)
Weighted average cost of acquisition of primary. 19.00/-
Weighted average cost of acquisition of primary after giving effect of Bonus Issue Nil
Weighted average cost of acquisition for secondary sale i acquisition of shares. Nil

The Issue was being 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 with Regulation 253 of the SEBIICDR Regulations wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers (*QIBs') (the "QIB Portion'). Our Company in consultation with the BRLMs allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the ‘Anchor Investor Portion"). Further, not less than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Net Issue was 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 (except Anchor Investors) were required to mandatorily utilize the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure' on page 363 of the Prospectus.

The bidding for Anchor investors opened and closed on Thursday. February 20. 2025. The Company received 10 Anchor Investor Application Forms from 10 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for Nil Equity Shares. Such 10 Anchor Investors through 10 Anchor Investor Application Forms were allocated 9,68,000 Equity Shares at a price of Rs. 175.00 per Equity Share under the Anchor Investor Portion, aggregating to Rs. 1,694.00 Lakhs.

The issue (excluding Anchor Investor Portion) received 3,544 applications for 12,588,800 Equity Shares (before technical rejections and after invalid bids Multiple/Duplicate) resulting in 5.12 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:

Sr.No. Category No of applications* No of shares Amount Reserved No of times subscription
1 MARKET MAKER 1 176,000 30,800,000 176,000 1,00
2 QIB (Excluding Anchor Investor) 10 7,530,400 1,317,820,000 653,600 11,52
3 NIB 289 2,287,200 400,179,200 488,800 4,68
4 RETAIL 3,244 2,595,200 453,817,600 1,138,400 2,28
TOTAL 3,544 12,588,800 2,202,616,800 2,456,800 5,12

This excludes 34 applications for 27.200 Equity Shares from Retail Individual which v/ere not in bid book but which were banked.

Final Demand

A summary of the final demand as per BSE as on the Bid/lssue Closing Date at different Bid Prices is as under:

Sr. No. Bid Price No. ol Applications Sum Quantity Cumulative Share % to Total
1 165 77 1.04 77 1.04
2 166 3 0.04 80 1.08
3 167 1 0.01 81 1.09
4 168 2 0.03 83 1.12
5 169 1 0.01 84 1.13
6 170 17 0.23 101 1.36
7 171 1 0.01 102 1.37
8 172 4 0.05 106 1.43
9 173 4 0.05 110 1.48
10 174 6 0.08 116 1.56
11 175 3.354 45.16 3.470 46.72
CUTOFF 3.957 53.28 7.427 100.00
TOTAL 7.427 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on February 27,2025.

1) 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 Rs 175.00 per equity shares, was finalized in consultation with BSE. The category was subscribed by 2.20520 times i.e. for 2,510,400 Equity Shares. Total number of shares allotted in this category is 1,138.400 Equity Shares to 1,423 successful applicants. The category wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) Number of applications received %of Total Total No. of Equity Shares applied in this category %to Total Proportionate Shares available Ratio of allottees to applicants Number of successful applicants (after rounding) Total No. of shares allocate allotted Surplus/ Deficit
800 3.138 100 00 2.510.400 100.00 1.138.400 39 86 1,423 1.138.400 0
Total 3,138 100.00 2,510,400 100.00 1,138,400 1,423 1,138,400 0

2) Allocation to Non-lnstitutional Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs 175.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 4.63502 times i.e., for 2,265.600 shares, the total number of shares allotted in this category is 488.800 Equity Shares to 204 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 %of Total Total No. of Equity Shares applied in this category %to Total Proportionate Shares available Ratio of allottees to applicants Total No. of shares allocated/ alloted Surplus/ Deficit (14)-(7)
(1) (2) (3) (4) (5) (6) (7) (10) 14) (16)
1 1600 103 36.65 164,800 7,27 35,555 44 103 35200 -355
2 2400 48 17.08 115,200 5,08 24,854 31 48 24800 -54
3 3200 8 2.85 25,600 1,13 5,523 7 8 5600 77
4 4000 14 4.98 56,000 2,47 12,082 1 1 11200 -882
1 14 800 800
5 4800 5 1.78 24,000 1,06 5,178 1 1 4000 -1178
1 5 800 800
6 5600 16 5.69 89,600 3,95 19,331 1 1 12800 -6531
1 2 6400 6400
7 6400 12 4.27 76,800 3,39 16,569 1 1 9600 -6969
3 4 7200 7200
8 7200 5 1.78 36,000 1,59 7,767 1 1 8000 233
9 8000 17 6.05 136,000 6,00 29,342 1 1 27200 -2142
3 17 2400 2400
10 8800 2 0.71 17,600 0,78 3,797 1 1 3200 -597
1 2 800 800
11 9600 5 1.78 48,000 2,12 10,356 1 1 8000 -2356
3 5 2400 2400
12 11200 2 0.71 22,400 0,99 4,833 1 1 4800 -33
13 12000 6 2.14 72,000 3,18 15,534 1 1 14400 -1134
1 6 800 800
14 12800 2 0.71 25,600 1,13 5,523 1 1 4800 -723
1 2 800 800
15 13600 1 0.36 13,600 0,60 2,934 1 1 3200 266
16 14400 7 2.49 100,800 4,45 21,747 1 1 16800 -4947
6 7 4800 4800
17 15200 1 0.36 15,200 0,67 3,279 1 1 3200 -79
18 16000 5 1.78 80,000 3,53 17,260 1 1 16000 -1260
2 5 1600 1600
19 18400 2 0.71 36,800 1,62 7,940 1 1 8000 60
20 20000 2 0.71 40,000 1,77 8,630 1 1 8000 -630
1 2 800 800
21 24000 4 1.42 96,000 4,24 20,712 1 1 19200 -1512
1 2 1600 1600
22 25600 1 0.36 25,600 1,13 5,523 1 1 5600 77
23 32000 1 0.36 32,000 1,41 6,904 1 1 7200 296
24 36000 1 0.36 36,000 1,59 7,767 1 1 8000 233
25 38400 1 0.36 38,400 1,69 8,285 1 1 8000 •285
26 40000 1 0.36 40,000 1,77 8,630 1 1 8800 170
27 42400 1 0.36 42,400 1,87 9,148 1 1 8800 -348
28 56800 1 0.36 56,800 2,51 12,255 1 1 12000 -255
29 57600 2 0.71 115,200 5,08 24,854 1 1 24000 -854
1 2 800 800
30 64000 1 0.36 64,000 2,82 13,808 1 1 13600 -208
31 72000 1 0.36 72,000 3,18 15,534 1 1 15200 -334
32 102400 1 0.36 102,400 4,52 22,093 1 1 22400 307
33 171200 1 0.36 171,200 7,56 36,936 1 1 36800 -136
34 177600 1 0.36 177,600 7,84 38,317 1 1 38400 83
Total 281 100.00 2,265,600 100.00 488,800 488,800 0

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs. who have bid at Issue Price of Rs 175.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 11.52142 times i.e., for 7,530,400 shares the total number of shares allotted in this category is 653,600 Equity Shares to 10 successful applicants. The category wise details of the Basis of Allotment are as under:

Category FI'S/BANK'S MRS IC'S NBFC'S AIF FPC/FII Others Total
QIB - - - - 133,600 520,000 653,600

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 9,68,000 Equity Shares to 10 Anchor Investors at Anchor Investor Issue Price of * 175.00 per equity shares in accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:

Category FI'S/BANK'S MF'S ICS NBFC'S AIF FPI/FPC Others Total
Anchor - - - - 221,600 688,000 58,400 968,000

5) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to Market Maker, who have bid at Issue Price of Rs 175.00 per equity shares or above, was finalized in consultation with BSE. The category was subscribed by 1.00 time i.e. for 1,76,000 shares the total number of shares allotted in this category is 1,76,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) Number of applications received %of Total Total No. of Equity Shares applied in this category %to Total No. of Equity Shares allocated,/ allotted per Applicant Ratio Total Number of shares allotted Surplus / Deficit
176,000 1 100.00 176,000 100.00 176,000 1 1 176,000 0
Total 1 100.00 176,000 100.00 176,000 176,000 0

The Board of Directors of the Company at its meeting held on February 27. 2025 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE 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 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 February 27. 2025. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to February 27, 2025. 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 BSE SME within Four 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 February 27, 2025 ("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, KFin Technologies Limited at www.kfintech.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:

wpe54F.jpg (2473 bytes)
KFIN TECHNOLOGIES LIMITED
Selenium Tower-B Plot No.31 & 32 Gachibowli, Financial District, Nanakramguda, Serilingampally,
Hyderabad 500032 Telangana, India Tel: +91 40 6716 2222
Email: bel.ipo@kfintech.com Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: Mr. M Murali Krishna SEBI Registration No.: INR000000221
For Beezaasan Explotech Limited
On behalf of the Board of Directors
Sd/-
Mr. Navneetkumar Radheshyam Somani
Place: Gandhinagar Designation: Chairman & Managing Director
Date: February 28, 2025 DIN: 01782793

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 BEEZAASAN EXPLOTECH LIMITED.

Beezaasan Explotech 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 SEBl at www.sebi.gov.in. the website of the Book Running Lead Manager at www.shcapl.com website of the BSE at www.bseindia.com and website of Issuer Company at www.beezaasan.com 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. ‘U.S. 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.

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