|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
Dynamic Cables Limited
DYNAMIC CABLES LIMITED
Our Company was originally formed as a partnership firm under the Partnership Act, 1932
in the name and style of "M/s. Ashish Fluxes and Chemicals", pursuant to a deed
of partnership entered between Late K.M. Mangal and Late Anil Mangal in 1984. Later the
partnership firm was registered with Registrar of Firms, Jaipur, Rajasthan vide
certificate dated October 25,1988. Further "M/s Ashish Fluxes and Chemicals with its
branch M/s Dynamic Engineer" was converted from partnership firm to a Private Limited
Company under Part IX of Companies Act, 1956 in the name of "Dynamic Cables Private
Limited" vide Certificate of Incorporation dated April 03, 2007, bearing registration
No. 024139 issued by Registrar of Companies, Rajasthan, Jaipur and CIN No.
U31300RJ2007PTC024139. Subsequently our Company was converted into a public limited
company and the name of our Company was changed from "Dynamic Cables Private
Limited" to "Dynamic Cables Limited" vide special resolution passed by the
Shareholders at the Extra Ordinary General Meeting held on August 16, 2017. A fresh
Certificate of Incorporation consequent upon conversion into public limited company was
granted to our Company on August 22, 2017 by the Registrar of Companies, Rajasthan, Jaipur
having corporate Identification Number U31300RJ2007PLC024139.
Registered Office: F-260, Road No. 13 VKI Area, Jaipur,
Rajasthan 302013, India | Tel No.: +91 141-2332388 | Fax No.:
PROMOTERS OF OUR COMPANY: MR. RAHUL MANGAL AND MR. ASHISH MANGAL
INITIAL PUBLIC ISSUE OF 58,44,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 30.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2337.60 LAKHS ("ISSUE") OF WHICH 3,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 40.00 PER EQUITY SHARE, AGGREGATING TO RS 120.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 55,44,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 40.00 PER EQUITY SHARE AGGREGATING TO RS 2217.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.55% AND 25.18%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 250 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 40.00 EACH.
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE") ("BSE SME"). Our Company has received an in-principle approval letter dated November 06, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited. The trading is proposed to be commenced on or about December 14, 2017.*
*Subject to receipt of listing and trading approvals from the BSE.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The issue has received 24194 applications for 405897000 Equity Shares resulting in
69.46 times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical & multiple rejections) are as
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 11, 2017.
A. Allocation to Market Maker (After Technical & Multiple Rejections and
Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of
Rs 40 per Equity Share, was finalised in consultation with BSE Limited. The
category was subscribed by 1.00 times. The total number of shares allotted in this
category is 3,00,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 25.53 times i.e. for 7,07,82,000 Equity Shares. Total number of shares allotted in this category is 27,72,000 Equity Shares to 924 successful applicants.
The category wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 120.35 times i.e. for 33,35,97,000 shares. Total number of shares allotted in this category is 27,72,000 Equity Shares to 149 successful applicants.
The category wise details of the Basis of Allotment are as under: (SAMPLE)
The Board of Directors of the Company at its meeting held on December 12, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE at a meeting held on December 11, 2017 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 13, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about December 12, 2017 In case the same is not received within 10 days, investors may contact at the address given below. 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 SME Platform of BSE Limited, within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated November 24, 2017 ("Prospectus")
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Bigshare Services Private Limited 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 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:
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 DYNAMIC CABLES LIMITED