|Basis of Allotment|
(This is only an advertisement for information purposes not for publication or distribution, directly or indirectly outside India, and not a prospectus announcement)
A2Z Maintenance & Engineering ServicesLimited
(The company was incorporated in the NCT of Delhi & Haryana as "A2Z Maintenance services Private Limited" On january 7,2002 under the companies act 1956, as amended. Persuant to a special resolution of the shareholders at an extraordinary general meeting held on May 2,2005, the name of the company was changed to"A2Z Maintenance & Engineering services Private Limited". The fresh certificate of incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana, Located as New Delhi (the "ROC") on June 13,2005. Subsequently, pursuant to a special resolution of the shareholders of the company at an Extraordinary general meeting held on March 12, 2010, the company became a public limited company and the word "Private" was deleted from it's name. The Fresh certificate of incorporation to reflect the new name was issued by the RoC on March 26, 2010. For Details of changes in the name and the registered office of the company, please see the section "History and Certain Corporate Matters" beginning on page 116 of the Prospectus. )
Registered Office: O-116, Ist Floor, DLF Shopping Mall, Arjun Marg,
DLF Phase-I, Gurgaon 122 022, Haryana, India Telephone: +91 124 4581 706
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 19,407,750 EQUITY SHARES OF FACE VALUE RS. 10 EACH ("EQUITY SHARES") OF A2Z MAINTENANCE & ENGINEERING SERVICES LIMITED ("A2Z" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 400 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING RS. 7,762.47 MILLION, COMPRISING A FRESH ISSUE OF 16,876,569 EQUITY SHARES OF RS. 10 EACH AT THE ISSUE PRICE, AGGREGATING RS. 6,750.00 MILLION BY THE COMPANY (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 2,531,181 EQUITY SHARES' OF RS. 10 EACH AT THE ISSUE PRICE, AGGREGATING RS. 1,012.47 MILLION, BY THE SELLING SHAREHOLDERS. THE FRESH ISSUE AND THE OFFER FOR SALE ARE TOGETHER REFERRED TO HEREIN AS THE "ISSUE". UP T0 100,000 EQUITY SHARE OF RS. 10 EACH WERE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). A DISCOUNT OF 5% TO THE ISSUE PRICE WAS OFFERED TO THE EMPLOYEES AT THE TIME OF ALLOTMENT (THE "EMPLOYEE DISCOUNT'). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE ANDTHE NET ISSUE CONSTITUTE APPROXIMATELY 26.16% AND 26.03%, RESPECTIVELY, OF THE POST-ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
#As per the Red Herring Prospectus, 4,556,193 EquityShares were being transferred by the Selling Shareholders. However, based on the subscription received, the number of Equity Shares transferred by the Selling Shareholders was reduced.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.THE ISSUE PRICE IS RS. 400 AND IS 40 TIMES THE FACE VALUE OF THE EQUITY SHARES.
ANCHOR INVESTOR BID/TSSUE DATE WAS DECEMBER7,2010 BID/ISSUE OPENED ON DECEMBER 8,2010 CLOSED ON DECEMBER 10,2010
The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on December 23,2010.
This Issue was made through the Book Building Process wherein not more than 50% of
the Net Issue was available for allocation on a proportionate basis to Qualified
Institutional Buyers ("QIBs"), provided that the Company could allocate up to
30% of the QIB Portion to Anchor Investors on a discretionary basis in accordance
with the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009, as amended (" SEBI ICDR Regulations"). Further,
5% of the QIB Portion (excluding the Anchor Investor Portion was available for allocation
on a proportionate basis to Mutual Funds only and the remainder of the QIB Portion was
available for allocation on a proportionate basis to all QIBs, including Mutual Funds,
subject to valid Bids being received at or above the Issue Price. Further, not less than
15% of the Net Issue was available for allocation on a proportionate basis to
Non-Institutional Bidders and not less than 35% of the Net Issue was available for
allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids
being received at or above the Issue Price. Further, up to 100,000 Equity Shares were
available for allocation on a proportionate basis to Employees, subject to valid Bids
being received at or above the Issue Price, provided that the value of allotment to a
single Employee did not exceed Rs. 200,000.
The Issue received 12,548 applications for 19,666,920 Equity Shares resulting in 0.9177 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors, Anchor Investors and Employee categories are as under: (Before technical rejections).
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on December 16,2010.
A. Allocation to Employees (After Technical Rejections) including ASBA
B. Allocation to Retail Individual Investors (After Technical Rejections)
Including ASBA Applications
C. Allocation to Non Institutional Investors (After Technical Rejections) Including
D. Allocation to QIBs including ASBA Applications
E. Allocation to Anchor Investors
The IPO Committee of the Company at it' s Meeting held on December 16,2010, has taken
on record the Basis of Allotment of Equity Shares approved by the Designated Stock
Exchange for the Issue 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 have been dispatched to the addresses of the investors
as registered with the depositories on or prior to December 18,2010. Further, the
instructions to SCSBs have been dispatched on or prior to December 16,2010. In case the
same is not received within ten days, investors may contact the Registerar at the address
given below. The Refund Orders have been over-printed with the Bank Account details as
registered, if any, with the depositories. The Equity Shares allocated to successful
applicants are being credited to their beneficiary accounts on or prior to December
20,2010, subject to validation of the account details with the depositories concerned.
INVESTORS PLEASE NOTE
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 bid-cum-application form, number of Equity Shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
THE LEVELOF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OFA2Z MAINTENANCE & ENGINEERING SERVICES LIMITED.
A2Z Maintenance & Engineering Services Limited is proposing, subject to requisite approvals, market conditions and other considerations, a public issue of its equity shares and has filed the Prospectus with the Registrar of the Companies, NCT of Delhi & Haryana, located at New Delhi (ROC). The Prospectus is available on the website of SEBI and on the websites of the Book Running Lead Managers and Co-Book Running Lead Manager. Any potential Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" in the Prospectus. This material is not an offer of securities for sale in the United States or elsewhere. The shares of A2Z Maintenance & Engineering Services Limited (the "Company') are not being registered under the Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold in the United States unless registered under the U.S. Securities Act or pursuant to an exemption from such registration. There will be no public offering of the shares of the Company in the United States.