Ms. Nidhi is the Company Secretary of ZYCO Bank, the merchant banker for Synergy Ltd., which had recently carried out an issue and allotment of Equity Shares. Draft a post issue advertisement to be circulated in daily ne

The post-issue merchant banker shall ensure that advertisement giving details relating to oversubscription, basis of allotment, number, value and percentage of all applications including ASBA (Application Supported by Blocked Amount) number, value and percentage of successful allottees for all applications, date of completion of despatch of refund orders or instructions to Self Certified Syndicate Banks by the Registrar, date of despatch of certificates and date of filing of listing application, etc. is released. An assumed format of advertisement- Post Issue Advertisement of Synergy Ltd. (Equity Shares) Carried out by Zyco Bank was a huge success Shares issued 100,000 Shares subscribed 328,000 Oversubscription 3.28 times Basis of Allotment Pro-rata allotment made to 150,000 share (Green Shoe Option) Applied through ASBA 80% Process complete 30/09/2016 Date of completion of despatch of refund orders 08/10/16 Date of despatch of Certificates 15/10/16 Date of filing of listing application 10/10/16 Merchant Banker to the Issue Place: ____________ Date: ____________