BASIS OF ALLOTMENT
Sonam Clock Ltd.
Basis of Allotment

(This is only an advertisment for information purposes and not a Prospectus announcement)

SONAM CLOCK LIMITED
Corporate Identification Number: U33302GJ2001PLC039689

Our Company was incorporated in the name of  "Sonam Clock Private Limited"  (CIN : U33302GJ2001PTC39689) under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated June 21, 2001, issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, our Company was converted into Public Limited Company and consequently name of company was changed from "Sonam Clock Private Limited" to "Sonam Clock Limited" bearing CIN: U33302GJ2001PLC039689 vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on January 29, 2018 and a fresh certificate of incorporation dated February 7, 2018 issued by the Registrar of Companies, Ahmedabad.

Registered Office: Survey No. 337/P, Morbi Rajkot Highway, Village Lajai, Taluka Tankara, District Morbi - Gujarat - 363641, India 
Tel. No: +91-2822-285017 | Fax No.: +91 2822 285987 | E-mail: info@sonamquartz.com | Website: www.sonamquartz.com

CONTACT PERSON: MS. SEJAL HARESHBHAI SHAH (COMPANY SECRETARY & COMPLIANCE OFFICER)

PROMOTERS OF OUR COMPANY: MR. JAYESHBHAI CHHABILDAS SHAH AND 
MRS. DEEPABEN JAYESHBHAI SHAH

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 28,08,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ("EQUITY SHARES") OF SONAM CLOCK LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS.36.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 26.00 PER  EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 1010.88 LAKHS ("ISSUE" ) OF WHICH 1,44,000 EQUITY SHARES OF FACE VALUE OF RS10.00 EACH FOR A CASH PRICE OF RS. 36.00 PER EQUITY SHARE, AGGREGATING TO RS. 51.84 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 26,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 36.00 PER EQUITY SHARE AGGREGATING TO 959.04 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.06% AND 26.62%, 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 225 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. 10.00 EACH AND
THE ISSUE PRICE IS RS. 36.00 EACH. THE ISSUE PRICE IS 3.6 TIMES OF THE FACE VALUE.

ISSUE OPENED ON: FRIDAY,  JUNE 1, 2018 AND CLOSED ON WEDNESDAY,  JUNE 6, 2018  
PROPOSED LISTING:  JUNE 14, 2018*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of  National Stock Exchange of India Limited  ("NSE EMERGE"). Our Company has received an in-principle approval letter dated April 27, 2018 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about June 14, 2018.*

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

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 1714 applications for 63,96,000 Equity Shares resulting in 2.28 times subscription (including reserved portion of market maker). 
The details of the applications received in the issue (before technical & multiple rejections) are as follows: 
Detail of the Applications Received (Before Technical & Multiple Rejection):

Category

Number of
Applications
% Number of
Equity Share
% Subcription
(Times)
Market Maker 1 0.06 1,44,000 2.25 1.00
Retail Individual Investors 1676 97.78 50,28,000 78.61 3.77
Other than Retail Individual Investors 37 2.16 12,24,000 19.14 0.92
TOTAL 1,714 100.00 63,96,000 100.00  

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

13

39,000

Other than Retail Individual Investors

3

24,000

TOTAL

16

63,000

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

Category No. of 
Applications
% Reservation (as
per Prospectus)
No. of  Valid
Shares Applied
% of
Total 
Applied 
Subcription
(Times)
Market Maker 1 100 1,44,000 1,44,000 100 1.00
Total 1 100 1,44,000 1,44,000 100 1.00

 

Category

No. of  Applications % Reservation (as 
per Prospectus)
Prospectus Offer size 
(After rounding off)
No. of  Valid 
Shares Applied
% of Total Applied  Subcription 
(Times)

Retail Individual Investors

1663 98.00 13,32,000 13,32,000 49,89,000 80.61 3.407*

Other than Retail Individual Investors

34 2.00 13,32,000 13,32,000 12,00,000 19.39 0.90

Total

1697 100 26,64,000 26,64,000 61,89,000 100  

Subscription ratio for retail individual investors category has been calculated based on proportionate shares available after spill over i.e, including original reservation of 13,32,000 Equity shares and spill over of the unsubscribed portion from other than retail individual investors category of 1,32,000 Equity Shares.

Allocation: The Basis of  Allotment was finalized in consultation with the Designated Stock Exchange - National stock Exchange of India Limited on June 11, 2018.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of   Rs.36 per Equity Share, was finalised in consultation with National Stock Exchange of  India Limited. The category was subscribed by 1.00 times. 
The total number of shares allotted in this category is 1,44,000 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
Propotionate 
shares 
Available
Allocation per Applicant (Before   Rounding off) Allocation per 
Applicant (After  
Rounding off)
Ratio of  Allotees to Applicant: Ratio 1 Ratio of  Allotees to Applicant: Ratio 2 Number of Successful applicant (After   
Rounding off)
Total  No. 
of shares allocated/
alloted
No. of  
shares Surplus/
Deficit
1,44,000 1 100 1,44,000 100 1,44,000 1,44,000 1,44,000 1 1 1 1,44,000 --
TOTAL 1 100

1,44,000

100 1,44,000        

1

1,44,000

--

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of  Rs. 36 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 3.407 times i.e for 49,89,000 Equity Share. Total number of share allotted in this category 14,64,000 Equity Shares to 488 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied   for (categary 
wise)
No. of  Applications received %  to Total  Total  No. of   Equity Shares applied in this category %  of  
Total
Propotionate 
shares 
Available
Allocation per Applicant (Before   Rounding off) Allocation per 
Applicant (After  
Rounding off)
Ratio of  Allotees to Applicant: Ratio 1 Ratio of  Allotees to Applicant: Ratio 2 Number of Successful applicant (After  
Rounding off)
Total  No. 
of shares allocated/
alloted
No. of  
shares Surplus/
Deficit
3000 1663 100 49,89,000 100 14,64,000# 880.34 3000 27 92 488 14,64,000 0
TOTAL 1,663 100

49,89,000

100 14,64,000        

488

14,64,000

0

# Including original reservation of 13,32,000 Equity shares and spill over of the unsubscribed portion from other than retail individual investors category of 1,32,000 Equity Shares.

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 36 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.90 times i.e. for 12,00,000 shares. Total number of shares allotted in this category is 12,00,000 Equity Shares to 34 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
Propotionate 
shares 
Available
Allocation per Applicant (Before   Rounding off) Allocation per 
Applicant (After  
Rounding off)
Ratio of  Allotees to Applicant: Ratio 1 Ratio of  Allotees to Applicant: Ratio 2 Number of Successful applicant (After  
Rounding off)
Total  No. 
of shares allocated/
alloted
No. of  
shares Surplus/
Deficit
6000 7 20.59 42000 3.50 46620 6000.00 6000 1 1 7 42000 -4620
9000 3 8.82 27000 2.25 29970 9000.00 9000 1 1 3 27000 -2970
12000 5 14.71 60000 5.00 66600 12000.00 12000 1 1 5 60000 -6600
15000 6 17.65 90000 7.50 99900 15000.00 15000 1 1 6 90000 -9900
18000 1 2.94 18000 1.50 19980 18000.00 18000 1 1 1 18000 -1980
21000 2 5.88 42000 3.50 46620 21000.00 21000 1 1 2 42000 -4620
24000 2 5.88 48000 4.00 53280 24000.00 24000 1 1 2 48000 -5280
27000 1 2.94 27000 2.25 29970 27000.00 27000 1 1 1 27000 -2970
30000 2 5.88 60000 5.00 66600 30000.00 30000 1 1 2 60000 -6600
42000 2 5.88 84000 7.00 93240 42000.00 42000 1 1 2 84000 -9240
45000 1 2.94 45000 3.75 49950 45000.00 45000 1 1 1 45000 -4950
99000 1 2.94 99000 8.25 109890 99000.00 99000 1 1 1 99000 -10890
558000 1 2.94 558000 46.50 619380 558000.00 558000 1 1 1 558000 -61380

TOTAL

34 100.00 12,00,000 100.00 13,32,000        

34

12,00,000 -132000

The Board of  Directors of the Company at its meeting held on June 11, 2018 has approved the Basis of Allocation of  Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on June 12, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories on or before June 13, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been issued on June 12, 2018. 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 National Stock Exchange of India Limited within six 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 May 25, 2018 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, 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-400059
Telephone: +91 22 62638200 | Facsimile: +91 22 62638299
E-mail: ipo@bigshareonline.com | Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Ashok Shetty | SEBI Registration No.: INR000001385

                                                                                                                                                                                  Place: Lajai,  Morbi 
Date: 
12.06.2018

For Sonam Clock Limited
For and on behalf of Board of Directors
Sd/-
Jayeshbhai Chhabildas Shah
Chairman 
Managing Director
DIN:-00500814

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUTY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SONAM CLOCK LIMITED.