|Basis of Allotment|
IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY. 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 NOT FOR PUBLICATION OR DISTRIBUTION.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
ENDURANCE TECHNOLOGIES LIMITED
Our Company was originally incorporated as a private limited company at Mumbai uder the
name of 'Endurance Suspension Systems (India) Private Limited" under the Companies
Act, 1956 and received a certificate of incorporation dated.
Registered Office: K-228. MIDC Industrial Area, Waluj. Aurangabad 431 136, Maharashtra, India; Telephone: +91 (240) 255 6686; Facsimile: +91 (240) 265 6685. Corporat Office: E-92. MIDC Industrial Area, Waluj, Aurangabad 431 136, Maharashtra. India; Telephone: +91 (240) 256 9737; Facsimile; +91 (240) 255 1700. For details of changes to the name of our Company, status and address of the registered office of our Company, please see 'History and Certain Corporate Matters" on pege 186 of the Prospectus. Contact. Person: Mr. Sunil Lalai, Company Secretary and Vice President - Legal and Compliance Officer, Email: email@example.com Website: www.endurancegroup.com; Corporate Identity Number: U34102MH1999PLC123296
PROMOTER OF OUR COMPANY: MR. ANURANG JAIN
Our Company has filed the Prospectus dated October 10, 2016 with the Registrar of Companies, Mumbai, Maharashtra (the ''Prospectus") and the Equity Shares are proposed to be listed on the BSE, limited (''BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on October 19,2016,
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 24,613,024 EQUITY SHARES OF FACE VALUE RS 10 EACH ("EQUITY SHARES") OF ENDURANCE TECHNOLOGIES LIMITED ("COMPANY" OR ISSUER") FOR CASH AT A PRICE OF RS 472 PER EQUITY SHARE INCLUDING A SHARE PREMIUM 0F RS 462 PER EQUITY SHARE. AGGREGATING TO RS 11,617,35 MILLION. CONSISTING OF AN OFFER FOR SALE OF 19.295,968 EQUITY SHARES BY ACTIS COMPONENTS AND SYSTEM INVESTMENTS LIMITED ("ACTIS") AND 5,317,056 EQUITY SHARES BY MR. ANURANG JAIN ("PROMOTER SELLING SHAREHOLDER") (COLLECTIVELY, THE "SELLING SHAREHOLDERS") (THE "OFFER FOR SALE" OR THE 'OFFER'). THE OFFER CONSTITUTES 17.50% OF THE FULLY DILUTED POST OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.
OFFER PRICE: RS 472 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
Risks to Investors:
i. The two Lead Managers associated with the Offer have handled 19 public Issues in
the past three years out of which 5 issues closed below the
issue price on the listing date.
OFFER PROGRAMME: OPENED ON: WEDNESDAY, OCTOBER 05, 2016
In terms of Rule 19(2)(b}(ii) of the Securities Contracts Regulations Rules. 1957.
as amended ('SCRR")l read with Regulation 41 of the Securities and
Exchange Board of India, (Issue of Capital and Disclosure Requirements) Regulations. 2009,
as amended ("ICDR Regulations"), this was an Offer for at least
10% of the post-Offer capital. The Offer was made through the Book Building Process, in
reliance on Regulation 26(1} of the ICDR Regulations, wherein not more than 50%: of the
Offer was allocated on a proportionate basis to Quafified Institutional Buyers ("QIBs").
Provided that our Company and the Selling Shareholders, in consultation with the Lead
Managers, haw allocated up to 60% of the QIB Portion to Anchor Investors on a
discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic
Mutual Funds, subject to valid Bids received from domestic Mutual Funds at or above the
Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor
Portion) was available for allocation on a proportionate basis 10 Mutual Funds only, and
tine remainder of the QIB Portion was available for allocation on a proporiioriaie basis
to an QIB Bidders (other than Anchor investors), Including Mutual Funds, subject to valid
Bids received at or above the Offer Price. Further, not less than 15% oF the Offer was
available for allocation on a proportionate basis to Non-lnsttitutional Investors and not
lass than 35% of the Offer was available for allocation to Retail Individual Investors, in
accordance wiih the ICDR Regulations, subject to valid Bids, received at or above the
Offer Price. All Bidders, other than Anchor Investors, were nequired to mandatorily
utilise the Application Supported by Blocked Amount ("ASBA")
process providing details of their respective bank accounts which were blocked by the Self
Certified Syndicate Banks ("SCSBs"), to participate in the
Offer. Anchor Investors were not permitted to participate in the Offer through the ASBA
process. For details, please see "Offer Procedure' on page 546 of the Prospectus.
The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange, being the BSE on October 14.2016.
B. Allotment to Non-Institutional Investors (AfterTechnical
C- Allotment to QlBs (Excluding Anchor Investors) (After
D. Allotment to Anchor Investors (After Technical Rejections)
The IPO Commnittee of our Company on October 15.2016 has taken on
record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange,
being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment
Advice, refund intimations or notices have been dispatched to the address of the investors
as registered with the depositories. Further, the instructions, to the Self Certified
Syndicate Banks for urblocking of funds, transfer to Public Offer Account have been issued
on October 15.2016 and payment to non-Syndicate brokers have been issued on October 17,
2016. In case the same is not received, investors may contad the Registrar to the Offer at
the address given below. The details of Equity Shares Allotted to the successful Allottees
have been uploaded on October 17,2016 for credit into the respective beneficiary accounts
subject to validation of the account details with the depositories oncemed. The Company:
has filed the listing application with BSE and NSE on October 17,2016 and the trading is
expected to commence on October 19,2016.
INVESTORS PLEASE NOTE
The details of the Allotment made will be hosted on the website of the Registrar to the
Offer, Link Intime India Private Limited at www.linkintime.co.in
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 ENDURANCE TECHNOLOGIES LIMITED.