Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT NOT FOR DISTRIBUTION OUTSIDE INDIA.)
wpe2.jpg (2412 bytes) MEERA INDUSTRIES LIMITED
CIN: L29298GJ2006PLC048627

Our Company was originally incorporated as "Meera Industries Private Limited" on July 05, 2006 with the Registrar of Companies, Gujarat, Dadra and Nagar Havelli as a private limited company under the provisions of the Companies Act, 1956 bearing registration no. 046627 The status of the Company was changed to public limited and the name of our Company was changed to "Meera Industries Limited" vide Special Resolution dated February 25, 2017. The fresh certificate of incorporation consequent to conversion to Public Limited Company was issued on March 09, 2017 by the Registrar of Companies. Ahmedabad For further details, pertaining to the change in constitution, change In name and Registered Office of our Company, please see "History and Certain Corporate Matters" on page no. 108 of the Prospectus.

Registered Office: 2126, Road No. 2, GIDC, Sachin, Surat, Gujarat - 394230 Contact Person: Ms. Bhavisha K. Khakhkhar, Company Secretary and Compliance Officer
Tel: + 91 261 2399114; Fax: +91 261 2397269; Email: info@meeraind.com; Website: www meeraind.com
PROMOTERS OF THE COMPANY: MR. DHARMESH V. DESAI AND MRS. BIJAL D. DESAI
BASIS OF ALLOTMENT

FURTHER PUBLIC ISSUE OF 5,22,000 EQUITY SHARES OFT 10 EACH ("EQUITY SHARES") OF MEERA INDUSTRIES LIMITED ("MIL" OR THE "COMPANY") FOR CASH AT A PRICE OF Rs. 225 PER SHARE (INCLUDING A SHARE PREMIUM OF Rs. 215 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO Rs. 174.50 LAKHS ("THE ISSUE"), OF WHICH 30,000 EQUITY SHARES OF Rs. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 4,92,000 EQUITY SHARES OF Rs. 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 11.73% AND 11.06%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 AND THE ISSUE PRICE IS 22.50 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: JUNE 13, 2019 AND ISSUE CLOSED ON: JUNE 18, 2019

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE") in terms of the Regulation 281 read with Regulation 103(1) of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In-Principal approval from BSE for the listing of the Equity Shares pursuant to letter dated June 03, 2019 BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on June 26, 2019 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made pursuant to Regulation 281 read with Regulation 129(4) and Regulation 253(2) of the SEBI (ICDR) Regulations, 2018. as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for of Net Issue of Shares to the public shall be allotment to Retail Individual Investors. The balance made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any. in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any. would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Net Issue has received 231 applications for 5,41,000 Equity Shares resulting in 1.09959 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

CATEGORY Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 161 80,500 152 76,000
Other than Retail Individual Applicant 70 4,60,500 68 4,43,000
Total 231 5,41,000 220 5,19,000

Note: The issue also includes 30,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal.

In the event of over subscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 2,14,500 Equity Shares in other than Retail Individual Category & under subscription 1,70,000 Equity Shares in Retail Category The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE United on June 21, 2019.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the issue Price of Rs. 225 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1,00 times The total number of shares allotted m this category is 30,000 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 Shares Applied in Each Category % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
30,000 1 100.00 30,000 100 00 30,000 1:1 30,000
Total 1 100 00 30,000 100 00     30,000
 
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 225 per Equity Share, was finalised in consultation with BSE Pursuant to Regulation 281 read with Regulation 129(4) and Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 76,000 Equity Shares. The category was subscribed by 0.3089 times. 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 Shares Applied in Each Category % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
500 152 100.00 76,000 100.00 500 1:1 76,000
Total 152 100.00 76,000 100.00     76,000
 
C) Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 225 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 281 read with Regulation 129(4) and Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 4,16,000 Equity Shares (including un-subscribed portion of 1,70,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.0649 times. 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 Shares Applied in Each Category % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
1000 9 13.24 9000 2.03 500 1:1 4500
1000 (Lottery System - Serial No. of Qualifying Applicant are 1,2,3,4,5,6,8 and 9) 500 8:9 4000
1500 11 16.18 16500 3.72 1000 1:1 11000
1500 (Lottery System - Serial No. of Qualifying Applicant are 2,3,4,5,6,7,8,9 and 10) 500 9:11 4500
2000 10 14.71 20000 4.51 1500 1:1 15000
2000 (Lottery System - Serial No. of Qualifying Applicant are 2,3,4 and 5) 500 4:5 4000
2500 10 14.71 25000 5.64 2000 1:1 20000
2500 (Lottery System - Serial No. of Qualifying Applicant are 1,2,3,4,5,6 and 9) 500 7:10 3500
4500 2 2.94 9000 2.03 4000 1:1 8000
4500 (Lottery System - Serial No. of Qualifying Applicant is 2) 500 1:2 500
5000 3 4.41 15000 3.39 4500 1:1 13500
5000 (Lottery System - Serial No. of Qualifying Applicant is 2) 500 1:3 500
5500 3 4.41 16500 3.72 5000 1:1 15000
5500 (Lottery System - Serial No. of Qualifying Applicant is 3) 500 1:3 500
6000 1 1.47 6000 1.35 5500 1:1 5500
7500 4 5.88 30000 6.77 7000 1:1 28000
10000 4 5.88 40000 9.03 9000 1:1 36000
10000 (Lottery System - Senal No. of Qualifying Applicant are 1,2 and 3) 500 3:4 1500
11000 1 1.47 11000 2.48 10500 1:1 10500
12000 1 1.47 12000 2.71 11500 1:1 11500
12500 2 2.94 25000 5.64 11500 1:1 23000
12500 (Lottery System - Serial No. of Qualifying Applicant is 2) 500 1:2 500
13500 1 1.47 13500 3.05 12500 1:1 12500
18000 1 1.47 18000 4.06 17000 1:1 17000
19000 1 1.47 19000 4.29 18000 1:1 18000
22000 1 1.47 22000 4.97 20500 1:1 20500
22500 1 1.47 22500 5.08 21000 1:1 21000
25000 1 1.47 25000 5.64 23500 1:1 23500
88000 1 1.47 88000 19.86 82500 1:1 82500
TOTAL 68 100.00 4,43.000 100.00     4,16,000

The Board of Directors of the Company at its meeting held on June 24, 2019, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before June 24, 2019. Further, the instructions to Self Certified Syndicate Banks will be processed on or before June 25, 2019 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on June 26, 2019 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 04, 2019 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue. Karvy Fintech Private Limited at Website: https://karisma.karvy.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue 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 given below:

wpe5.jpg (2575 bytes) KARVY FINTECH PRIVATE LIMITED(1)
Karvy Selenium, Tower-B, Plot No. 31 & 32, Gachibowli, Financial District
Nanakramguda, Serilingampally. Hyderabad - 500 032, Telangana
Tel No.:+91 4067162222; Fax No.:+914023431551
E-mail: einward.ris@karvy.com; Website: https://karisma.karvy.com
Contact Person: Mr. M. Mural Krishna SEBI Registration No.: INR000000221

(1) Karvy Fintech Private Limited has become a SEBI registered registrar to an issue under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 pursuant to amalgamation with Karvy Computershare Private Limited with effect from November 17, 2018

For Meera Industries Limited
On Behalf of the Board of Directors
Place: Surat, Gujarat Sd/-
Date : June 24, 2019 Chairman & Managing Director

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF MEERA INDUSTRIES LIMITED.

MEERA INDUSTRIES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies. Ahmedabad. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.meeraind.com, www.bseindia.com and www.afsl.co.in respectively Applicants should note that investment in equity shares involves a high degree c risk and for details relating to the same, see the Prospectus. Including, the section titled "Risk Factors" beginning on page no. 17 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US. Securities Act"), and may not be offered or sold within the Unite States except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the U.S. Securities Act and applicable U S state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144 A under the U.S Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U. S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.

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