|Basis of Allotment|
|This is only an advertisement
for information purposes and not a prospectus announcement.
PARAMOUNT PRINTPACKAGING LTD.
(Our Company was formed originally as a partnership firm in the name and style of M/s. Paramount Printing Press on November 13,1985. M/s. Paramount Printing Press was converted into a private limited company under Part IX of the Companies Act 1956, with the name of "Paramount Printing Press Private Limited" pursuant to certificate of incorporation dated March 24,2006 bearing CIN U22200MH2006PTC160735, issued by the Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed to "Paramount Prepackaging Private Limited" pursuant to a fresh certificate of incorporation consequent upon change of name dated June 2,2010, issued by the Registrar of Companies, Maharashtra, Mumbai. Our Company was converted to a public limited company and the name of our Company was changed to "Paramount Prepackaging Limited" pursuant to a fresh certificate of incorporation consequent upon change of name dated July 21,2010 issued by the Registrar of Companies, Maharashtra, Mumbai.)
Registered Office and Corporate Office: A/309, TTC Industrial
Estate, Mahape Road, Navi Mumbai,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,30,94,175 EQUITY SHARES OF RS.10/- ("EQUITY SHARES") OF PARAMOUNT PRINTPACKAGING LIMITED ("PPL" OR "OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 35 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 25 PER EQUITY SHARE), AGGREGATING RS. 4582.96 LACS (THE "ISSUE"). THE ISSUE SHALL CONSTITUTE 49.04% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
ISSUE PRICE: RS. 35/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH THE ISSUE PRICE IS 3.5 TIMES OF THE FACE VALUE
PROMOTERS OF OUR COMPANY: MR. ASHWIN BABULAL SUKHADIA, MR. ANUJ VIPIN SUKHADIA, MR. DHARMESH ASHWIN SUKHADIA, MR. DIVYESH ASHWIN SUKHADIA, MR. KETAN VIPIN SUKHADIA AND MR. VIPUL ASHWIN SUKHADIA
This Issue was made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. 5% of the QIB Portion shall be available for allocation on proportionate basis to Mutual Funds only and the remaining Net QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid bids being received at or above Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue shall be 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 received 11080 applications for 46295850 equity shares resulting in 3.54 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)
* After considering the undersubscribed portion of QIB category which have been spilled over to Nil and Retail category in the ratio of 35:15 i.e. 32,81,737 shares and 76,57,388 shares respectively.
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on May 05,2011. The Board of Directors of the Company at its Meeting held at Navi Mumbai, on May 05, 2011, allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:
A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 5.10 times. As per the Prospectus, the spill over portion from QIB Category was 3074427 equity shares. The total number of equity shares allotted in this category is 7657388 Equity Shares to 9069 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non Institutional Investors (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price
of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The
category was over subscribed 1.43 times.
C. Allotment to QIBs (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category was under subscribed 0.33 times. The total number of equity shares allotted in this category is 2155050 to 3 successful applicants.
Refunds have been made through NECS, Direct credit, RTGS and NEFT, into the Bank
Accounts of the applicants, as registered with the depositories. For other applicants
Refund Orders have been dispatched to their address as registered with the depositories.
In case the same is not received within ten 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 shares allocated to successful applicants
are being credited to their beneficiary accounts subject to validation of the account
details with the depositories concerned.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated May 02,2011 ("Prospectus").
INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Sharepro Services (India) Private Limited at www.shareproservices.com
All future correspondence in this regard may kindly be addressed to the Registrars 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:
Sharepro Services (India) Private 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 PARAMOUNT PREPACKAGING LIMITED.