|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 for securities. Not for publication or distribution, directly or indirectly outside India.)
AIRO LAM LIMITED
Our Company was originally incorporated as Airo Lam Limited at Ahmedabad, Gujarat as a Public Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated October 22, 2007 bearing Corporate Identification Number U20211GJ2007PLC052019 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Our Company also obtained Certificate of Commencement of Business by the Registrar of Companies on November 06, 2007. The Corporate Identification Number of our Company is U20211GJ2007PLC052019. For details of Business, Incorporation and other details of our company, please refer to chapter titled "Our Business" and "Our History and Certain Other Corporate Matters" beginning on page 116 and 137 of the Prospectus.
Registered Office: Survey No. 355, Nananpur Road, N.H.
No. 8, Village-Dalpur, Taluka-Prantij, Gujarat- 383120, India
PROMOTERS OF OUR COMPANY: PRAVINBHAI N. PATEL, SURESHBHAI PATEL,
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE 40,02,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 28/- PER EQUITY SHARE) AGGREGATING UP TO RS. 1520.76 LAKHS (THE "ISSUE"), OF WHICH 2,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE, AGGREGATING RS. 79.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 37,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE, AGGREGATING RS. 1440.96.LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.28% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISKS TO INVESTORS:
I. As on date of the Prospectus, the average cost of acquisition per
Equity Share by our Promoters viz. Pravinbhai N. Patel is Rs. 4.18, Sureshbhai Patel is
Rs. 8.05, Pravinbhai A. Patel is Rs. 2.20, Prafulkumar Patel is Rs. 5.01 and Daxesh Raval
(i) individual applicants other than retail investors and
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 250 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE EMERGE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated September 8, 2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.
The Issue has received 5,634 applications for 12,40,14,000 Equity shares (Before
Technical Rejections, bids not banked, invalid multiple bids and invalid duplicate bids)
including Market Maker Application of 2,10,000 Equity Shares. The issue was subscribed to
the extent of 30.98 times as per the application data (before technical rejection, before
bids not banked but after invalid multiple bids/duplicate bids). After considering the
technical rejections(including bids not banked) the issue was subscribed 30.53 times.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on 0ctober3, 2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 38/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,10,000 Equity shares in full out of reserved portion of 2,10,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 38/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 8.33 times. Total number of shares allotted in this category is 18,96,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 38/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 55.99 times. Total number of shares allotted in this category is 18,96,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October 4, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before October 6, 2017. Further, the instructions to SCSBs shall be issued on October 4, 2017 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 6, 2017 subject to receipt of listing and trading approvals from NSE.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
LINK INTIME INDIA 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 AIRO LAM LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.