|Basis of Allotment|
|This is only an advertisement
for information purposes and not a prospectus announcement
SANGHVI FORGING & ENGINEERING LTD.
(Our Company was incorporated on March 16,1989 underthe provisions of the Companies Act, 1956 as Sanghvi Forging and Engineering Private Limited in Gujarat. Pursuant to a special resolution passed by the shareholders of our Company at the extra-ordinary general meeting held on April 28,1992 our Company was converted into a public limited company and consequently the name of our Company was changed to Sanghvi Forging and Engineering Limited. A fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies, Gujarat on July 29,1992.The Corporate Identification Number of our Company is U28910GJ1989PLC012015. For details of changes in our registered office, please refer to the chapter titled "History and Other Corporate Matters" on page no. 99 of the Prospectus.
Registered Office: 244/6-7, GIDC Industrial Estate, Waghodia-391 760, Vadodara, Gujarat, India. Tel. No: + 91 -2668-263020/262201; Fax No: + 91 -2668-263411 E-mail: firstname.lastname@example.org; Website: www.sanghviforge.com; Contact Person: Mr. Kiran Mohanty, Company Secretary and Compliance Officer
PROMOTERS: Mr. Babulal Sanghvi, Mr. Jayanti Sanghvi, Mr. Naresh Sanghvi, Mr. Vikram Sanghvi.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 4341195 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 85/- PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 75/- PER EQUITY SHARE) FOR CASH AGGREGATING TO RS. 3690.02 LACS (THE "ISSUE"), BY SANGHVI FORGING AND ENGINEERING LIMITED (THE "COMPANY" OR THE "ISSUER"). THE ISSUE WILL CONSTITUTE 34.2% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
THE ISSUE PRICE IS 8.5 TIMES OF THE FACE VALUE
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited ("BSE") and
ISSUE PRICE: RS. 85/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH
This Issue was made through a 100% Book Building Process wherein not more than 50% of the Issue was to be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. 5% of the QIB Portion was available for allocation on proportionate basis to Mutual Funds only and the remaining Net QIB portion was available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid bids being received at or above Issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the 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.
The Issue received 3388 applications for 5601470 equity shares resulting in 1.29 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being The Bombay Stock Exchange Limited ("BSE") on May 18,2011 The Board of Directors of the Company at its Meeting held at Vadodara, on May 19,2011 allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:
A. Allotment to Retail Individual Investors, including ASBA applications (After
B. Allotment to Non Institutional Investors, including ASBA applications (After
C. Allotment to QIBs (After Technical Rejections)
Dates of dispatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details
Refunds have been made through NECS and Direct credit, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The 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 has obtained listing and trading permission from Bombay Stock Exchange Limited and National Stock Exchange of India Limited and trading in the equity shares of the company will commence with effect from May 23, 2011.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of 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:
Bigshare Services Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITYSHARE ON LISTING OR THE BUSINESS PROSPECTS OF SANGHVI FORGING AND ENGINEERING LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the Prospectus dated May 14,2011
SANGHVI FORGING AND ENGINEERING LIMITED has filed a Prospectus with Registrar of Companies, Gujrat.The Prospectus is available on SEBI website at www.sebi.gov.in as well as on the websites of Book Running Lead Managers at www.arihantcapital.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors" of the Prospectus. This material is not an offer or sale of securities.