|Basis of Allotment|
is only an advertisement for information purpose. This is not a Prospectus announcement
and does not constitute an invitation or offer to acquire, purchase or subscribe fo
SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED
Our Company was incorporated as 'Shree Pushkar Petro Products Limited' a public limited company under the Companies Act, 1956 pursuant to a Certificate of Incorporation dated March 29,1993 bearing registration number 11 -71376 of 1993 and certificate of commencement of business on August 3,1993 issued by the Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed to 'Shree Pushkar Chemicals &Ferblisers Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated March 5,2012 issued by the Registrar of Companies, Maharashtra, Mumbai. Our corporate identification number is U24100MH1993PLC071376.
Registered and Corporate Office: 202, A Wing, Building No. 3,
Rahul Mittal Industrial Estate, Sir M.V. Road, Andheri (East), Mumbai - 400 059,
Maharashtra Tel. No.: +91 22 4270 2525; Fax No.: +91 22 2850 4242; Company
Secretary and Compliance Officer: Kishan Bhargav;
PUBLIC ISSUE OF 1,07,69,200 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITYSHARES") OF SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT APRICE OF RS 65/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 55/- PER EQUITY SHARE) AGGREGATING UP TO RS 700 MILLION CONSISTING OF A FRESH ISSUE OF 87,42,611 EQUITY SHARES AGGREGATING UP TO RS 568.27 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF UP TO 20,26,589 EQUITY SHARES BY THE SELLING SHAREHOLDER (AS DEFINED IN "DEFINITIONS AND ABBREVIATIONS") AGGREGATING UP T0 RS 131.73 MILLION (THE "OFFER FOR SALE" AND THE "FRESH ISSUE" ARE TOGETHER REFERRED TO AS, THE "ISSUE").
THE ISSUE CONSTITUTES 35.64% OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE") AND ON BSE LIMITED ("BSE"). THE TRADING WILL COMMENCE ON OR BEFORE SEPTEMBER 10,2015.
ISSUE PRICE: RS 65 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the "SCRR") the Issue was made through Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBIICDR Regulations') where not more than 50% of the Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Category"). 5% of the QIB Category was available for allocation on a proportionate basis to Mutual Funds only and the remainder was available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35% of the Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. QIBs and Non-Institutional Investors were mandatorily required to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on Page 224 of the Prospectus.
The Issue received 21,615 Applications for 1,51,07,600 Equity Shares (before technical rejections) resulting in 1.403 times subscription. The details of the Applications received in the Issue from various categories are as under: (Before technical rejections)
The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange, being NSE on September 4,2015.
The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Issue Price of Rs 65 per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 1.553 times. The total number of Equity Shares Allotted in this category is 37,69,220 Equity Shares to 18,846 successful applicants. The category-wise details of the Basis of Allotment are as under:
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 the Issue Price of Rs 65 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 2.187 times. The total number of Equity Shares Allotted in this category is 16,15,380 Equity Shares to 61 successful applicants. The category-wise details of the Basis of Allotment are as under:
C. Allotment to QIBs Investors (After Technical Rejections):
The Basis of Allotment to QIBs who have Bid at the Issue Price of Rs 65 per Equity Share has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.036 times. As per the SEBI Regulations, Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion, available i.e. 2,69,230 Equity Shares and other QIBs including Mutual Funds, were Allocated the remaining available 51,15,370 Equity Shares on proportionate basis. The total number of Equity Shares allotted in the QIB category is 53,84,600 Equity Shares, which were allotted to 12 successful Applicants. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company, at its meeting held on September
5,2015, has approved the Basis of Allotment of the Equity Shares as 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 September 8,2015 to the address of the investors as registered with the
depositories. Further, instructions to the Self Certified Syndicate Banks have been
dispatched/ mailed on September 7,2015. 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 Account details as registered, if any, with
the depositories. The Equity Shares allotted to the successful allottees have been
uploaded on September 7,2015 for credit into the respective 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/Issue Closing
The details of the Allotment made shall be hosted on the website of Registrar to the Issue, Bigshare Services Pvt. Ltd at www.bigshareonline.com. 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:
Bigshare Services 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 SHREE PUSHKAR CHEMICALS
& FERTILISERS LIMITED.