|Basis of Allotment|
(This is only an advertisement for information purposes and not a prospectus announcement)
BOTHRA METALS & ALLOYS LIMITED
Our Company was incorporated as "Bothra Metals & Alloys Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 9,2001 bearing Registration No. 133926, in Mumbai, Maharashtra. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated August 24, 2010 and consequently the name of our Company was changed to "Bothra Metals & Alloys Limited". The Corporate Identification Number of our Company is U27100MH2001PLC133926. For further details see section titled 'History and Certain Other Corporate Matters' beginning on page 127 of the Prospectus.
Registered Office: Bothra House, Room No.15, 3rd Floor, 5,
Assembly Lane, Dadi Seth Agyari Lane,
Promoters of the Company: MR. SUNDERLAL BOTHRA, MR. NARENDRAKUMAR
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 48,84,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID OF BOTHRA METALS & ALLOYS LIMITED ("BMAL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 25 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 15 PER EQUITY SHARE) AGGREGATING RS. 1221 LAKHS (THE "ISSUE"), CONSISTING OF A FRESH ISSUE OF 25,92,000 EQUITY SHARES BY THE COMPANY FOR CASH AGGREGATING RS. 648 LAKHS ("FRESH ISSUE") AND AN OFFER FOR SALE OF 22,92,000 EQUITY SHARES BY SELLING SHAREHOLDERS (AS DEFINED IN THIS PROSPECTUS ) AGGREGATING RS. 573 LAKHS ("OFFER FOR SALE") AT THE ISSUE PRICE, OF WHICH 2,52,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH WILL BE RESERVED FOR SUBCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THIS PROSPECTUS) (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 46,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.38% AND 25.02%, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.
This being a Fixed Price Issue and in terms of Prospectus dated 27th February, 2013, and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer of Shares to the Public shall initially be made available for allotment to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies/institutions irrespective of no. of shares applied for. 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.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 25/- THE ISSUE PRICE IS 2.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON 12TH MARCH, 2013 AND CLOSED ON 14TH MARCH, 2013.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 14th February, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.
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").
The Issue has received 161 applications for 52,98,000 Equity Shares (Including Market Maker Application for 2,52,000 Equity Shares) resulting 1.085 times subscription. After considering, cheque return cases of 7 applications of 42,000 Equity Shares, the Issue was subscribed 1.076 times. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed below:
Details of the applications received (After technical rejections):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 20th march, 2013.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,52,000 Equity
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.34 times. Total number of shares allotted in this category is 7,98,000 Equity Shares
C. The category wise basis of allotment is as under:
D. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.094 times. Total number of shares allotted in this category is 38,40,000 Equity Shares including additional 6000 Equity Shares for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:
The Issue has been authorized by the shareholders of the Company pursuant to a special resolution dated 11th January, 2013 under section 81 (1 A) of the Companies Act. The Board of Directors of the Company vide its resolution dated 20th March, 2013 has accorded their consent to increase/ alter/vary the issue size due to rounding off /oversubscription/ under subscription etc.
The Board of Directors of the Company vide its resolution dated 20th March, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and /or notices are being dispatched to the address of the Applicants as registered with the depositories on 21 st March, 2013. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or priorto 21 st March, 2013. 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 BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 25th March, 2013 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharex Dyanamic (India) Private Limited at www.sharexindia.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:
SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
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 BOTHRA METALS & ALLOYS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
BOTHRA METALS & ALLOYS LIMITED, is proposing, subject to market conditions and other considerations, a public issue of equity shares and has filed the Prospectus with the Registrar of companies, Mumbai, Maharashtra. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Issuer Company at www.bothrametals.com, the website of the Lead Manager at www.sarthi.in and the website of BSE at www.bseindia.com. The investors should note that investing in equity shares involves a high degree of risk. For details, investors should refer to and rely on the prospectus including the section titled "Risk Factors" beginning on Page No. 17 of the Prospectus. This document is not an offer of securities for sale in the United States or elsewhere. The shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any State Securities Laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of U.S persons (as defined in Regulation S), under the U.S. Securities Act, 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.