|Basis of Allotment|
Not for release in United States. This is only an advertisement for information purposes and not for publication or distribution. This is not a prospectus announcement and does not constitute invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.
MEP INFRASTRUCTURE DEVELOPERS LIMITED
MEP Infrastructure Developers Limited (the "Company") was incorporated as MEP Toll Road Private Limited on August 8, 2002, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The name of the Company was changed from MEP Toll Road Private Limited to MEP Infrastructure Developers Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai, to the Company on November 28, 2011. Thereafter, the Company was converted into a public limited company pursuant to approval of the shareholders in an extraordinary general meeting held on August 19, 2014 and consequently, the name of the Company was changed to MEP Infrastructure Developers Limited and a fresh certificate of incorporation consequent upon conversion to public limited company was granted on September 8, 2014. For details of changes in tne name and the registered office of the Company, see the section "History and Certain Corporate Matters" on page 217 of the Prospectus.
Registered Office and Corporate Office: A 412, boomerang, Chandivali Farm Road, Near Chandivali Studio, Andheri (East), Mumbai 400 072; Contact Petson: ShridharPhadke, Company Secretary and Compliance Officer; Tel: (91 22) 6120 4800; Fax: (91 22) 6120 4804; Email: firstname.lastname@example.org. Website: www.mepinfra.com; Corporate Identity Number: U45200MH 2002PLC136779
PROMOTERS OF THE COMPANY: DATTATRAY P. MHAISKAR, JAYANT D.
MHAISKAR AND IDEAL TOLL & INFRASTRUCTURE PRIVATE LIMITED
PUBLIC ISSUE OF 51,074,941 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH (THE
"EQUITY SHARES ") OF MEP INFRASTRUCTURE DEVELOPERS LIMITED (THE
"COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 63* PER EQUITY
SHARE (INCLUDING A SHARE PREMIUM OF RS. 53 PER EQUITY SHARE) AGGREGATING UP TO RS. 3,240
MILLION (THE "ISSUE"). THE ISSUE WILL CONSTITUTE 31.42 % OF THE POST-ISSUE
PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY,
ISSUE PRICE: RS. 63 PER EQUITY SHARE OF FACE VALUE OF RS. 63
BID/ISSUE: OPENED ON TUESDAY, APRIL 21, 2015 CLOSED ON
THURSDAY, APRIL 23, 2015
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (Oh "SCRR"), read with Regulation 41 of the SEBI Regulations., the Issue was made for at least 25% of the post-Issue capital of the Company. The Issue was made through the Book Building Process wherein at least 75% of the Issue was Allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs"), provided that the Company allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis. 5% of the QIB Portion (excluding Ihe 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 QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids was received at or above the Issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Issue was available for allocation to Retail Individual Bidders in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations") subject to valid Bids was received at or above the issue Price. All potential Investors, other than Anchor Investors, who participate in the Issue through an Application Supported by Blocked Amount ("ASBA") process providing details of the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs") QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in this Issue. For details, see the section 'Issue Procedure' on page 583 of the Prospectus.
The Issue received 17,604 Applications for 5.51,77,425 Equity Shares (before technical rejections) resulting In 1.0803 times subscription. The details of the Applications received in the issue from various categories are as under: (Before technical rejections)
A summary of the final demand as per the BSE and the NSE as on the Bid/Issue Closing Date at different Bid prices is as under:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on April 29, 2015.
A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at or above the issue Price of Rs. 63 per Equity Share was finalized in consultation with NSE. The category has been susbscribed to the extent of 0.9261 times. The total number of Equity Shares Allotted in this category is 4,730,175 Equity Shares to 17,427 sucessful applicants. The category-wise details of the Basis of Allotment are as under:
The under subscribed portion of 377,319 Equity Shares in Retail Individual Bidders category has, been spilled over to QIB.
B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-Institutional Investors, who have Bid at or above the
Issue Price of Rs. 63 per Equity Share, was finalized in consultation with the NSE. This
category has been subscribed to the extent of 0.9069 times. The total number of Equity
Shares Allotted in this category is 6,948,225 Equity Shares to 23 successful applicants.
The under Subscribed portion portion of 713, 016 Equity Shares in Non Institutional Bidders category has been spilled over to QIB.
C. Allotment to QIBs excluding Anchor Investors
The Basis of Allotment to QIBs who have Bid at or above the Issue Price of Rs. 63 per Equity Share has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.0214 times. As per the SEBI Regulations, Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion available i.e. 1,412,860 Equity Shares (including under subscribed portion of 35,651 Equity Shares spilled over from Non Institutional Category and 18,866 Equity Shares spilled over from Retail Category) and other QIBs, including Mutual Funds, were Allocated the remaining available 2,68,44,335 (including under subscribed portion of 677,365 Equity Shares spilled over from Non Institutional Category and 358,453 Equity Shares spilled over from Retail Category) on proportionate basis. The total number of Equity Shares allotted in the QIB category is 2,82,57,195 Equity Shares, which were allotted to 18 successful Applicants. The category-wise details of the Basis of Allotment are as under:
D. Allotment to Anchor Investors
The Company in consultation with the BRLMs have Allocated 11,139,346 Equrty Shares to 4 Anchor Investors through 5 Applications at the Anchor Investor Issue Price of Rs. 65 per Equity Shares in accordance with the SEBI Regulations. This represents 28.2749% of the QIB Category
The IPO Committee of the Company at it's meeting held on April 30, 2015, has approved the Basis of Allotment of the Equity Share approved by the Designated Stock Exchange, being NSE and Allotted the Equity Shares to various successful Applicants.
The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched on or before May 2, 2015 to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks have been dispatched/mailed on April 30, 2015. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Accoum details as registered, If any, with the depositories. The Equity Shares Allotted to the successful Applicants have been credited on April 30, 2015 to their beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE and the NSE within twelve Working Days from the Bid/Offer Closing Date.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 27, 2015 filed with the Registrar of Companies. Maharashtra at Mumbai ("Prospectus")
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in
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, place where the bid was submitted and payment details at the address given below:
Link Intime 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 MEP INFRASTRUCTURE DEVELOPERS LIMITED.