|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement,)
UNIVERSAL AUTOFOUNDRY LIMITED
CIN No.: - U2731ORJ2009PLC030038
Our Company was originally formed and registered as a partnership firm under theIndian Partnership Act, 1932 in the name and style of "M/s. Universal Foundry", pursuant to adeed of partnership dated September 1.1971 which has been registered with- Registrar of Firms, Jaipur. Rajasthan dated April 1, 1972 with two partners Shri Kishan Lal Gupta and Shri Vimal Chand Jain. The terms, conditions and Clauses of partnership firm was changed from time to time including admission and retirement of partners. Our Company was irncorporated as a Private Limited Company under Part IX of Companies Act, 1956 with the name of "Universal Autofoundry Private Limited" upon conversion of Universal Foundry vide Certificate of Incorporation dated October 8, 2009, bearing registration No. 030038 issued by Registrar of Companies, Jaipur, Rajasthan. Subsequently our Company was convcrtcc into a Pubic Limited Company and the name of our Company was changed from "Universal Autofoundry Private Limited" to "Universal Autofoundry Limited" in the Annual General Meeting by a special resolution dated June 24, 2015. A fresh Certificate of Incorporation consequent upon conversion into public limited company was granted to our Company on July 8,2015, by the Registrar of Companies, Jaipur, Rajasthan. For details of the changes in our Name and Registered Office, please see section titled "History and Certain Corporate matters"on page 109 of the Prospectus.
Registered Office: B-307, Road No. 16,V.K.I. Area,
Jaipur-302013, Rajasthan, India.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 21,60,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH OF UNIVERSAL AUTOFOUNDRY LIMITED ("OUR COMPANY" OR "THE ISSUER"} FOR CASH AT A PRICE OF RS 15.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 5.00 PER EQUITY SHARE} ("ISSUE PRICE'") AGGREGATING TO RS.324.00 LAKHS (THE ISSUE"). OF WHICH 1,12,000 EQUITY SHARES OF FACE VALUE OF RS.10. 00 EACH FOR A CASH PRICE OF RS.15.00 PER EQUITY SHARE, AGGREGATING T0 RS16.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESE RVATION PORTION I.E. ISSUE OF 20,48,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH AT AN ISSUE PRICE OF RS 15.00 PER EQUITY SHARE AGGREGATING TO RS.307.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE) THE ISSUE AND THE NET ISSUE WILL CONSTITUTF 26 53% AND 25-25%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTlON TITLED "TERMS OF THE ISSUE" BEGINING ON PACE 244 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 REQUIREMENT REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(41 OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINING PAGE 253 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
THE ISSUE PRICE IS RS 15.00.
The equity Shanes offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the ChapterXB of the SEBI (ICDR) Regulations, 2009. as amended, we are not required to obtain an in-pnnciple listing approval for the shares being offered in this issue. However Our Company has received an in-principle approval letter dated August 05,2015 from BSE for using Us name in the 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 the BSE Limited The trading is proposed to be commenced on or before September 4,2015.
* Subject to receipt of listing and trading approvals from the BSE Limiled.
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 617 applications for 6872000 Equity Shares resulting in 3.18 times subscription (including reserved portion of market maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows.
Detail of the Applications Received (Before Technical Rejection and after cheque returns):
The details of applications rejected by the Registrar on technical grounds (including withdrawal! are detailed below;
After eliminating technically rejected applications, Ihe tallowing 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 Augusts, 2015
A. Allocation lo Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of rs 15 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times, The total number of shares allotted in this category is 112,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue pnee of rs 15 per Equity Share. was fiinalized in connsultation with BSE. The category was subscribed by 3.23 times i.e. for 46,00,000 Equity Shares. Total number of shares allotted in this category is 14,24,000 Equity Shares to 178 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 Rs15 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 3.26 times i.e, for 20,32,000. Equity Shares the total number of shares allotted in this category is 6,24,000 Equity Shares to 34 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 August 31,2015 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz BSE Limited and has authorized the corporate action for the transfer of the Equty Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices are being dispatched to
the address of the Applicants as registered with the depositories/ as filled in the
application form on or before Sep, 01,2015 Further, the instructions to Self Certified
Syndicate Banks for unblocking the amount have been processed on or prior to August
28,2015. In case the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS
intothe Bank Accounts of the applicant, as registered with the depositories. For other
applicants Refund Orders have been dispatched to their address registered with the
depositories.. 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 Mandate
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 SME Platform of BSE Limited
within Twelve working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Karvy Cemputershare Private Limited at www.karishma.karvy.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:
KARVY COMPUTERSHARE 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 PROSPECTUS OF UNIVERSAL AUTOFOUNDRY LIMITED