|Basis of Allotment|
|This is only an advertisement
for infomiation purposes not for publication or distribution, directly or indirectly
outside India, and not a Prospectus Announcement
TIJARIA POLYPIPES LIMITED
Our Company started as a partnership firm as under the name of Tijaria Overseas Vinyl' in 2000, which was converted into a Private Limited company as Tijaria Polypipes Private Limited on July 17,2006 under Part IX of the Companies Act, 1956. The Company was later on converted into Public Limited Company on July 20,2006 and consequently the name of the Company was changed to 'Tijaria Polypipes Limited' and a fresh certificate of Incorporation dated July 20,2006 was Issued by Asst. Registrar of Companies, Rajasthan, Jaipur.
Registered Office: A-130(E), Road No.9-D, Vishwakarma
Industrial Area (VKI), Jaipur-302013 Tel.No.+91-141-2333722/23, 3218100,
3219300, 4010800; Fax No. +91-141-2332342
PROMOTERS OF THE COMPANY
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS 10/- EACH ISSUED FOR CASH AT A PREMIUM OF RS 50/- PER EQUITY SHARE I.E.AT A PRICE OF RS 60/-PER EQUITY SHARE AGGREGATING TO RS 6,000 LACS ("THE ISSUE" OR "THE NET ISSUE") BY TIJARIA POLYPIPES LIMITED ('THE COMPANY' OR 'THE ISSUER'). THE FACE VALUE OF THE SHARE IS RS 10/- EACH AND THE ISSUE PRICE IS 6 (SIX) TIMES OF THE FACE VALUE. THE ISSUE TO THE PUBLIC WILL CONSTITUTE 42.33% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY. THE ISSUE IS BEING MADE IN TERMS OF REGULATION 26 (1) OF SEBI (ICDR) REGULATIONS, 2009.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as persub clause (4) of regulation 43 of the SEBI (ICDR) Regulations, 2009.
ISSUE PRICE: ISSUE PRICE RS 60 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH IS SIX (6) TIMES OF THE FACE VALUE ISSUE PROGRAMME: ISSUE OPENED ON TUESDAY, SEPTEMBER 27,2011 ISSUE CLOSED ON THURSDAY, SEPTEMBER 29,2011
The Equity Shares of this Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and The National Stock Exchange of India Limited ("NSE"). The in-principle approvals of BSE and NSE for listing of Equity Shares of our Company have been received pursuant to letters dated November 10,2010 and January 25,2011 respectively. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced with effect from October 14,2011#
#Subject to receipt of listing and trading approvals from the Stock Exchanges
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as per sub clause (4) of regulation 43 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors. The balance net offer of shares to the public shall be made available for allotment to individual Applicants other than retail individual investors and other investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any oneof the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). For details in this regard, specific attention is invited to "Issue Procedure" on page 266 of the Prospectus.
THE ISSUE HAS RECEIVED 3,161 APPLICATIONS FOR 12020900 EQUITY SHARES RESULTING IN 1.20209 TIMES SUBSCRIPTION. The details of the applications received in the Issue from Retail Individual Investors and Non-Retail Investors are as under: (Before technical rejections)
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited, ("BSE") on October 10,2011.
A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have applied at the issue price of RS 60/- per Equity Share, was finalised in consultation with BSE. This category has been over subscribed to the extent of 1.197027 times, including spill-over from Non-Retail Investors. The total number of Equity Shares Allotted in Retail Individual Investor category is 7164406 Equity Shares to 3097 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:
B. Allocation to Non-Retail Investors (After Technical Rejections)
The Basis of Allotment to the Non-Retail Investors, who have applied at the issue price Rs 60/- per Equity Share for a total amount of more than Rs 2,00,000/-, was finalised in consultation with BSE. This category has been over subscribed to the extent of 1.197038 times. The total number of Equity Shares Allotted in Non-Retail Investor category is 2836001 Equity Shares to 3 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:
The Board of Directors of the Company at its meeting held on October 10,2011 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on October 11,2011. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to October 11,2011. 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 Account 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 Bombay Stock Exchange Limited and National Stock Exchange of India Limited within fourworking days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
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 Equity Shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
REGISTRAR TO THE ISSUE
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 TIJARIA POLYPIPES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus dated September 12,2011 (the "Prospectus")