|Basis of Allotment|
|(This is only an
advertisement for information purpose and not a Prospectus Announcement)
EMMBI POLYARNS LIMITED
[Incorpoated on 29/11/1994 under the Companies Act, 1956 as 'Emmbi
Polyarns Private Limited' vide certificate of incorporation issued by the Registrar of
Companies, Maharashtra, Mumbai. The Company was later converted into a public limited
company on 01/04/1999 and received a Certificate of Change of Name. The Corporate Identity
Number of the Company is U17120MH1994PLC083322]
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 86,57,700* EQUITY SHARES OF RS. 10/- EACH (EQUITY SHARES") OF EMMBI POLYARNS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 35/- PER EQUITY SHARE), AGGREGATING TO RS. 38.96 CRORES (THE "ISSUE"). UPTO 50,000 EQUITY SHARES WERE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE". THE ISSUE WOULD CONSTITUTE 52-50% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE NET ISSUE TO PUBLIC WOULD CONSTITUTE 52.20% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 45.00 PER EQUITY SHARE OF FACE VALUE RS. 10/- EACH. THE ISSUE PRICE IS 4.5 TIMES THE FACE VALUE
* As per thE Red Herring Prospectus (RHP), 95,74,000 Equity shares of Rs. 10/-each were made available for allotment. However based on the subscription received the number of Equity Shares offered in the issue were 86,57,700 of Rs. 10/-each. 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 Ltd. (NSE) and trading in equity shares of the Company on the stock exchanges is expected to commence on or about February 24,2010
The Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue was to be allocated on a proportionate basis to eligible Qualified Institutional Buyers, out of which 5% of the Portion was to be made 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 eligible Qualified Institutional Buyers, including Mutual Funds, subjects to valid Bids being received at or above Issue Price. Further, not less than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-institutional Bidders and not less than 35% of the Net Issue was made 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 opened for subscription on February 01,2010 and closed on February 03,2010.
The Issue received 2540 applications for 90,06,450 Equity Shares resluting in 0.941 times subscription in relation to number of shares offered in terms of the RHP. The details of the application received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors and Employees are as under: (Before technical rejections)
Note: This include 741 applications aggregating to 3,14,700 equity shares which were applied through ASBA(Application Supported By Blocked amount).
Final Demand: A summary of the final demand as per BSE and NSE as on the Bid/Offer closing date at different bid prices is as under
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on February 15,2010. Details of valid applications received and allotments are as under.
A. Allotment to Eligible Employees (After Technical Rejections)
B. Allotment to Ratail Individual Investors (After Technical Rejections) (including
C. Allotment to QIBs (After Technical Rejections)
D. Allotment to Non Institutional Investors (After Technical Rejections)
The CAN-cum-Refund Orders & ECS/RTGS/ NEFT/ Direct Credit Intimation and allotment advice have been dispatched to the address of the investors as registered with the depositories and instructions to Self Certified Syndicate Banks (SCSBs) have been completed on February 17,2010. 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 Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants are credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed Listing Application with BSE and NSE on February 17, 2010. The Company is taking steps to get the Equity Shares admitted for trading on BSE and NSE within seven working days from the date of approval of the basis of allotment.
Investors please note: The details of the allotment made has been hosted on the website of the Registrar to the Issue Datamatics Financial Services Ltd. at www.dfssl.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 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:
DATAMATICS FINANCIAL SERVICES LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EMMBI POLYAHNS LIMITED.