|Basis of Allotment|
(This is only an advertisement lor information purposes not for publication or distribution, directly or indirectly outside India and not a prospectus announcement)
SHEKHAWATI POLY-YARN LIMITED
The Company was incorporated as "Shekhawati Poly- Yarn Private Limited" on November 5,1990 under the Companies Act, 1956. The name of the Company was changed to "Shekhawati Poly-Yarn Limited" pursuant to the conversion of the Company from Private Limited to Public Limited and a fresh Certificate of Incorporation consequent to change in name was obtained on April 19,2010. (Please refer to Page No. 106 of this Prospectus for detail of change in the name of the Company.) The Registered Office of the Company was shifted from Solaris, 1 -B-241, Saki Vihar Road, Opp. L&T Gate No.6, Andheri (East), Mumbai-400072 to 2, Anantwadi, Vaidya Bhawan, 1st Floor, Bhuleshwar, Mumbai- 400002 with effect from 30th March 2002. (Please refer to Page No. 107) of this Prospectus for detail of change in the Registered Office of the Company
Registered Office: 2, Anantwadi, Vaidya Bhawan, 1st Floor,
Bhuleshwar, Mumbai-400 002 Tel. No: 91-22-3256-7126; Fax No: 91-22-28755522 Email:email@example.com, Website: www.shekhawatiyarn.com,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,20,00,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PREMIUM OF RS. 20/- PER EQUITY SHARE I.E. AT A PRICE OF RS. 30/- PER EQUITY SHARE AGGREGATING TO RS. 3 6 0 0 LACS ("THE ISSUE" OR "THE NET ISSUE") BY SHEKHAWATI POLY- YARN LIMITED ('THE COMPANY' OR 'THE ISSUER'). THE FACE VALUE OF THE SHARE IS RS.10/- EACH AND THE ISSUE PRICE IS 3 TIMES OF THE FACE VALUE. THE ISSUE TO THE PUBLIC WILL CONSTITUTE 54.54% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 3 TIMES THE FACE VALUE. ISSUE OPENED ON DECEMBER 27,2010 AND CLOSED ON DECEMBER29,2010
The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and National Stock Exchange of India Limited the trading is expected to commence on January 12,2011.
The Board of Directors of SHEKHAWATI POLY-YARN LIMITED wish to thank the investing public, for their response to the Issue which opened for subscription on Monday, December 27,2010 and closed on Wednesday, December 29,2010. The Issue has received 20,272 applications for 8,15,48,800 Equity Shares resulting in 6.79 times subscription. The details of the Applications received in the Issue (before technical rejections) are as under;
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited, ("BSE") on 7th January 2011,
A. Allocation to Retail Individual Investors (After Technical Rejections)
B. Allocation to Non - Retail Investors (After Technical Rejections)
The Committee of Directors of the company at its meeting held at Mumbai on January 07,2011 has approved the Basis of Allotment of Shares of the issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/ or notices are being dispatched to the address of the Applicants as registered with the depositories on 10th January, 2011. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to 10th January, 2011. In case the same is not received within 10 days, investors may contact 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 subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within four working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrarto the Issue, Sharex Dynamic (India) Pvt. Ltd. www.sharexindia.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
Sharex Dynamic (India) Pvt. Ltd.
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OR EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHEKHAWATI POLY-YARN LIMITED