(This
is only an advertisement for Information purpose. This is not a Prospectus announcement
and does not constitute an invitation or offer to acquire, purchase or subscribe for
securities. Not for publication or distribution, directly or indirectly outside India.)
JIGAR CABLES LIMITED
Our Company was originally formed as a partnership firm under the Indian Partnership
Act,1932 in the name of "Jigar Industries" pursuant to a deed of partnership
dated August 01, 1997. The name of the partnership firm was changed to "Jigar
Cables" pursuant to supplementary agreement modifying the partnership deed dated
January 01,2017 .Jigar Cables was thereafter converted from a partnership firm to a public
limited company Under Part I, Schedule XXI of the Companies Act, 2013 with the name of
"Jigar Cables Limited" and received a fresh certificate of incorporation from
the Registrar of Companies, Manesar, Gujarat on February 07, 2017 and Corporate
Identification Number U28999GJ2017PLC095651 .The partners of M/s Jigar Cables were initial
subscribers to Memorandum of Association of our Company.For furttier details of
Incorporation, Change of Name and Registered Office of our company, please refer to
chaptert titled "General Information" and "Our History and Certain Other
Corporate Matters" beginning on page 55 and page 128 of the Prospectus.
Registered Office: Plot No.164/14 & 15 Jamwadi G.I.D.C Gondal
Rajkot 360311, Gujarat, India
Tel No.: 2825-221422; Fax No.: Not Available; E-mail: cs@sigmacab.com; Website: www.sigmacab.com
Corporate Identification Number: U28999GJ2017PLC095651; Contact Person:
Chandni Chhabariya, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: VIJAY SHINGALA AND PARSHOTTAMBHAI
VAGHASIYA
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 18,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH
("EQUITY SHARES") OF JIGAR CABLES LIMITED (THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 30 /- PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 20 /- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS.
559.20 LAKHS ("THE ISSUE"), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS.
10/- EACH FOR CASH AT A PRICE OF RS. 30/- PER EQUITY SHARE, AGGREGATING RS. 28.8 LAKHS
WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER
RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF
17,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 30/- PER
EQUITY SHARE, AGGREGATING RS.530.40 LAKHS IS HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.15 % RESPECTIVELY
OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated July 11,2017 and as per Regulation 43(4) of SEBI (ICDR)
Regulations, 2009 wherein:
a) A minimum of 50% of the Net Offer to Public shall initially be made available to Retail
Individual Investors.
b) The balance net offer of shares to the public shall be made available for allotmentto
(i) individual applicants otherthan retail investors and
(ii) other investors including corporate bodies / institutions irrespective of no. of
shares applied for.
c) the unsubscribed portion of the net offer to any one of the categories specified in (a)
or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009,
if the retail individual investor is entitled to more than fifty percent, on proportionate
basis, the retail individual investors shall be allocated that higher percentage. All
Investors have participated in this offer through ASBA process. For details in this
regards, specific attention is invited to chapter "Issue Procedure" on page 240
of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 30.00 IS 3 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON JULY 18, 2017 AND CLOSED ON JULY 20, 2017
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited ("BSE") ("BSE SME") in terms of the chapter XB
of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company has
received an approval letter dated July 10,2017 from BSE for using its name in the
Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
SUBSCRIPTION DETAILS
The Issue has received 2581 applications for 15996000 Equity shares (Before
Technical Rejections) (including Market Maker Application of 96000 Equity Shares)
resulting 8.58 times subscription. After considering, a Technical Rejection case, the
issue was subscribed 8.49 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)
CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
Market Maker |
1 |
96,000 |
1.00 |
Other than Retail Individual Investor's |
205 |
64,00,000 |
7.24 |
Retail Individual Investor's |
2,375 |
95,00,000 |
10.75 |
TOTAL |
2,581 |
1,59,96,000 |
|
The details of applications rejected by the Registrar on technical grounds are detailed
below:
CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
Market Maker |
0 |
0 |
Other than Retail Individual Investor's |
0 |
0 |
Retail Individual Investor's |
42 |
1,68,000 |
TOTAL |
42 |
1,68,000 |
Detail of the Applications Received (After Technical Rejection):
CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
REVISED SUBSCRIPTION |
Market Maker |
1 |
96,000 |
1.00 |
1.00 |
Other than Retail Individual Investor's |
205 |
64,00,000 |
7.24 |
8.94 |
Retail Individual Investor's |
2,333 |
93,32,000 |
10.56 |
8.87 |
TOTAL |
2,539 |
1,58,28,000 |
|
|
in view of the explanation provided under sub-regulation (4) of regulations 43 of
the SEBI (ICDR) Regulation, 2009, the Retail Category has applied for 59.32% and 40.68% by
Non Retail investors; accordingly, we have derived the issue size for different
categories. Further, owing to rounding off, an additional share has been proportioned to
be allotted in retail investors
ALLOCATION: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange-BSE on July 25,2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs. 30/- per Equity Share, was
finalized in consultation with BSE. The category was subscribed by 1.00 times. The total
number of shares allotted in this category is 96,000 Equity shares in full out of reserved
portion of 96,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The
Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 30/- per
Equity Share, was finalized in consultation with BSE. The category was subscribed by 8.87
times. Total number of shares allotted in this category are 10,52,000 Equity Shares. The
category wise basis of allotment is as under:
No. of Shares
Applied for
(Category wise) |
No. of
Applications
received |
%
to
total |
Total No. of
Equity Shares
applied |
%
to
total |
Proportionate
Shares
Available |
Allocation per
Applicant (Before
Rounding Off) |
Allocation
per Applicant
(After Rounding Off) |
Ratio of
Allottees to
the Applicants |
Total No. of
Equity Shares
allotted |
Surplus/
(Deficit) |
4,000 |
2,333 |
100 |
93,32,000 |
100 |
10,52,000 |
450.92 |
4,000 |
263:2333 |
10,52,000 |
0 |
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The
Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs
30/- per Equity Share, was finalized in consultation with BSE. The category was subscribed
by 8.94 times. Total number of shares allotted in this category is 7,16,000 Equity Shares.
The category wise basis of allotment is as under:
No. of Shares
Applied for
(Category wise) |
No. of
Applications
received |
%
to
total |
Total No. of
Equity Shares
applied |
%
to
total |
Proportionate
Shares
Available |
Allocation per
Applicant (Before
Rounding Off) |
Allocation per
Applicant (After
Rounding Off) |
Ratio of
Allottees to
the Applicants |
Total No. of
Equity Shares
allotted |
Surplus/
(Deficit) |
8,000 |
65 |
31.71 |
5,20,000 |
8.13 |
58,175 |
895.00 |
4,000 |
3:13 |
60,000 |
1,825 |
12,000 |
25 |
12.20 |
3,00,000 |
4.69 |
33,563 |
1,342.50 |
4,000 |
8:25 |
32,000 |
-1,563 |
16,000 |
21 |
10.24 |
3,36,000 |
5.25 |
37,590 |
1,790.00 |
4,000 |
3:7 |
36,000 |
-1,590 |
20,000 |
20 |
9.76 |
4,00,000 |
6.25 |
44,750 |
2,237.50 |
4,000 |
11:20 |
44,000 |
-750 |
24,000 |
5 |
2.44 |
1,20,000 |
1.88 |
13,425 |
2,685.00 |
4,000 |
3:5 |
12,000 |
-1,425 |
28,000 |
7 |
3.41 |
1,96,000 |
3.06 |
21,928 |
3,132.50 |
4,000 |
5:7 |
20,000 |
-1,928 |
32,000 |
12 |
5.85 |
3,84,000 |
6.00 |
42,960 |
3,580.00 |
4,000 |
11:12 |
44,000 |
1,040 |
36,000 |
6 |
2.93 |
2,16,000 |
3.38 |
24,165 |
4,027.50 |
4,000 |
1:1 |
24,000 |
-165 |
40,000 |
4 |
1.95 |
1,60,000 |
2.50 |
17,900 |
4,475.00 |
4,000 |
1:1 |
16,000 |
-1,900 |
44,000 |
3 |
1.46 |
1,32,000 |
2.06 |
14,768 |
4,922.50 |
4,000 |
1:1 |
12,000 |
-2,768 |
48,000 |
3 |
1.46 |
1,44,000 |
2.25 |
16,110 |
5,370.00 |
4,000 |
1:1 |
12,000 |
-4,110 |
48,000 |
|
|
|
|
|
|
|
1:3 |
4,000 |
4,000 |
52,000 |
2 |
0.98 |
1,04,000 |
1.63 |
11,635 |
5,817.50 |
4,000 |
1:1 |
8,000 |
-3,635 |
56,000 |
2 |
0.98 |
1,12,000 |
1.75 |
12,530 |
6,265.00 |
8,000 |
1:1 |
16,000 |
3,470 |
60,000 |
5 |
2.44 |
3,00,000 |
4.69 |
33,563 |
6,712.50 |
8,000 |
1:1 |
40,000 |
6,438 |
64,000 |
2 |
0.98 |
1,28,000 |
2.00 |
14,320 |
7,160.00 |
8,000 |
1:1 |
16,000 |
1,680 |
72,000 |
1 |
0.49 |
72,000 |
1.13 |
8,055 |
8,055.00 |
8,000 |
1:1 |
8,000 |
-55 |
76,000 |
1 |
0.49 |
76,000 |
1.19 |
8,503 |
8,502.50 |
8,000 |
1:1 |
8,000 |
-503 |
80,000 |
8 |
3.90 |
6,40,000 |
10.00 |
71,600 |
8,950.00 |
8,000 |
1:1 |
64,000 |
-7,600 |
80,000 |
|
|
|
|
|
|
|
1:4 |
8,000 |
8,000 |
1,00,000 |
1 |
0.49 |
1,00,000 |
1.56 |
11,188 |
11,187.50 |
12,000 |
1:1 |
12,000 |
813 |
1,04,000 |
2 |
0.98 |
2,08,000 |
3.25 |
23,270 |
11,635.00 |
12,000 |
1:1 |
24,000 |
730 |
1,20,000 |
2 |
0.98 |
2,40,000 |
3.75 |
26,850 |
13,425.00 |
12,000 |
1:1 |
24,000 |
-2,850 |
1,20,000 |
|
|
|
|
|
|
|
1:2 |
4,000 |
4,000 |
1,40,000 |
1 |
0.49 |
40,000 |
2.19 |
15,663 |
15,662.50 |
16,000 |
1:1 |
16,000 |
338 |
1,52,000 |
1 |
0.49 |
1,52,000 |
2.38 |
17,005 |
17,005.00 |
16,000 |
1:1 |
16,000 |
-1,005 |
1,60,000 |
3 |
1.46 |
4,80,000 |
7.50 |
53,700 |
17,900.00 |
16,000 |
1:1 |
48,000 |
-5,700 |
1,60,000 |
|
|
|
|
|
|
|
1:3 |
4,000 |
4,000 |
2,00,000 |
1 |
0.49 |
2,00,000 |
3.13 |
22,375 |
22,375.00 |
24,000 |
1:1 |
24,000 |
1,625 |
2,08,000 |
1 |
0.49 |
2,08,000 |
3.25 |
23,270 |
23,270.00 |
24,000 |
1:1 |
24,000 |
730 |
3,32,000 |
1 |
0.49 |
3,32,000 |
5.19 |
37,143 |
37,142.50 |
36,000 |
1:1 |
36,000 |
-114 |
Total |
205 |
100 |
64,00,000 |
100 |
7,16,000 |
|
|
|
7,16,000 |
0 |
The Board of Directors of the Company at its meeting held on July 25,2017 has taken on
record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange
viz.
BSE and authorized corporate action for allotment of shares in dematerialized form to
various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the
Applicants as registered with the depositories/as filled in the application form on or
before July 28,2017. Further, the instructions to SCSBs shall be issued on July 26,2017
for unblocking of funds. 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. 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
within six working days from the date of the closure of the Issue. The trading is
proposed to commence on or before July 28,2017 subject to receipt of listing and trading
approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the Issue at www.bigshareonline.com.
All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Works Building, 1 st Floor Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai 400059, Maharashtra.
Tel.: +91-22-4043 0200; Fax: +91-22-2847 5207
Email: ipo@bigshareonline.com; Website:
www.bigshareonline.com
Contact Person: Babu Raphael; SEBI Registration No.: INR000001385
Date: July 26,2017
Place: Gondal |
For JIGAR CABLES LIMITED
On behalf of the Board of Directors
Sd/-
VIJAY SINGALA
Chairman and Managing Director |
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 JIGAR CABLES
LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Prospectus. |