|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement)
CMM INFRAPROJECTS LTD.
Our Company was originally set up as a partnership firm in 1979 with the name and style of M/s CM. Mundra & Co. Subsequently, the partnership firm was converted into public company limited by shares in the year 2006 bearing the name of "CMM Infraprojects Limited" vide Certificate of Incorporation dated March 27, 2006 issued by the Registrar of Companies, Gwalior,Madhya Pradesh & Chhattisgarh.Our Company received the Certificate of Commencement of Business from the Registrar of Companies, Gwalior, Madhya Pradesh and Chhattisgarh dated October 13, 2006. The corporate identity number of the Company is U45201MP2006PLC018506. Our Company had listed its Equity Shares on the Institutional Trading Platform (ITP) of the NSE with effect from April 01, 2015 and voluntary got delisted with effect July 06, 2016. Further, no penal action was taken or initiated by the stock exchange for non-compliance while our Company was listed on NSE ITP Platform. For further details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapter titled "General Information"and"Our History and Certain Other Corporate Matters" beginning on page 54 and page 151 of this Prospectus.
Registered Office: 108, Shalimar Corporate Center, 8-B South
Tukoganj, Indore 452001, Madhya Pradesh.
PROMOTERS OF OUR COMPANY: MS. LAXMI DEVI MUNDRA, MR. KISHAN MUNDRA AND MS. SAMTA MUNDRA
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF UPTO 45,45,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF CMM INFRAPROJECTS LIMITED (THE"COMPANY"ORTHE"ISSUER") FOR CASH AT A PRICE OF RS.40/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 30/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 1818.00 LAKHS ("THE ISSUE"), OF WHICH UPTO 2,28,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING RS. 91.20 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 UPTO 43,17,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING RS. 1726.80 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.00% AND 27.54% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OURCOMPANY.
Risk to Investors
I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Ms. Laxmi Devi Mundra is Rs.1.45, Mr. Kishan Mundra is Rs. 7.68 and Ms. Samta Mundra is Rs. 1.25. In terms of Prospectus dated September 23, 2017 and as per SEBI (ICDR) Regulations, 2009 wherein
A. 50% of Net Issue shall be allocated to Retail Individual Investors.
B. The balance of the Net Issue shall be allocated to other than Retail Individual Investors and other Investors, including Corporate Bodies/Institutions.
All Investors have participated in this Issue through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 303 of the Prospectus.
THE OFFER IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME ("SEBI (ICDR) REGULATIONS"). For further details please refer the section titled 'lssue related Information' beginning on page 294 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
PROPOSED LISTING: OCTOBER 12, 2017*
The Equity Shares of the Company offered through the Prospectus are proposed to be listed on EMERGE Platform of National Stock Exchange of India Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, the Company has received an in-principal approval letter dated September 22, 2017 from National Stock Exchange of India Limited for using its name in the Issue Document for listing of its shares on EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of National Stock Exchange of India Limited shall be the Designated Stock Exchange.
*Subject to receipt of listing and trading approval from the National Stock Exchange of India Limited.
All Applicants were allowed to participate in the Issue 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").
The Issue has received 1277 applications for7,434,000 Equity Shares resulting in 1.67 times subscription (including reserved portion of Market Maker).The details of the applications received in the Issue (before technical rejections) are as follows: The details of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed
(b) Other Than Retail Individual Applicants - Nil
(c) Market Maker Portion - Nil
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October09, 2017.
A. Allocation to Market Maker (After Technical Rejections):The Basis of Allotment to the Market Maker, at the Issue price of Rs. 40/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times.The total number of shares allotted in this category is 228,000 Equity Shares in full out of reserved person of 228,000 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. 40/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.6572 times. The total number of shares allotted in this category is 2,214,000 Equity Shares.The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Investors (After Technical Rejections): The Basis of Allotment to the other than Retail Individual Investors, at the Issue price of Rs. 40/- per Equity Share, was finalized in consultation with NSE.The category was subscribed 1.6605 times.The total number of shares allotted in this category is 2,103,000 Equity Shares.The Category-wise details of the Basis of Allotment are as under:
The IPO Committee of the Company at its meeting held on October 10, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks shall be issued on to October 10, 2017 for unblocking of funds. In case the same is not received within four working days, investors may contact Registrar 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 Emerge Platform of NSE 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 meaning assigned to them in the Prospectus dated September 23, 2017.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, LINKINTIME INDIA PRIVATE LIMITED at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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:
LINKINTIME INDIA PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKENTO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OFTHE CMM INFRAPROJECTS LIMITED.