|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
MADHYA BHARAT AGRO PRODUCTS LIMITED
Corporate Identity Number: U24121RJ1997PLC029126
Our Company was originally incorporated on October 22,1997 as "Madhya
Bharat Agro Products Private Limited" vide Registration no. 10-12401 under the
provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh,
Gwalior. Our Company was converted into a Public Limited Company pursuant to Shareholders
Resolution passed at the Extra Ordinary General Meeting of the Company held on May 1, 1999
and the name of our company was changed to "Madhya Bharat Agro Products
Limited" vide a fresh Certificate of incorporation dated June 11,1999, issued by
the Registrar of Companies, Madhya Pradesh, Gwalior having CIN U24121MP1997PLC012401.
Further the Registered Office of the Company was changed to Bhilwara, Rajasthan from
Indore, Madhya Pradesh and fresh certificate for change in Registered Office was issued by
Registrar of Companies, Rajasthan, Jaipur dated May 05, 2009 having CIN
U24121RJ1997PLC029126. For details of the changes in our Name and Registered Office,
please see section titled "History and Certain Corporate Matters" on page 141 of
PROMOTER OF OUR COMPANY: MR. PANKAJ OSTWAL, MR. PRAVEEN OSTWAL, SEASONS AGRO CHEM INDIA PRIVATE LIMITED & OSTWAL PHOSCHEM (INDIA) LIMITED
BASIS OF ALLOTMENT
PUBLIC OFFER OF 57,90,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF MADHYA BHARAT AGRO PRODUCTS LIMITED ("OUR COMPANY") FOR CASH AT A PRICE OF RS 24 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 14 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO RS 1389.60 LAKHS ("THE OFFER") THROUGH AN OFFER FOR SALE BY MR. PANKAJ OSTWAL, MRS. SHASHI JAIN & MRS. AMITA MEHTA, MRS. SHASHI JAIN & MR. DHARMESH MEHTA, SEASONS AGRO CHEM INDIA PRIVATE LIMITED, OSTWAL PHOSCHEM (INDIA) LIMITED, PANERI TEXTILES PRIVATE LIMITED AND CHUNRI PRINTS PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 2,94,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR A CASH PRICE OF RS 24 PER EQUITY SHARE, AGGREGATING TO RS 70.56 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF 54,96,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT AN OFFER PRICE OF RS 24 PER EQUITY SHARE AGGREGATING TO RS 1319.04 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET OFFER"). THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.43% AND 25.09%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE OFFER" BEGINNING ON PAGE 256 OF THE PROSPECTUS.
THIS OFFER IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. THIS OFFER IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATION 2009, AS AMENDED. FOR FURTHER DETAILS PLEASE REFER TO SECTION TITLED "OFFER PROCEDURE" BEGINNING ON PAGE 264 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE OFFER PRICE IS
PROPOSED LISTING: SEPTEMBER 12,2016
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Offer. However, our company has received an in-principle approval letter dated July 26, 2016 from National Stock Exchange of India Limited for using its name in offer document for listing of our shares on the SME Platform of National Stock Exchange of India Limited. For the purpose of this Offer, the Designated Stock Exchange will be the National Stock Exchange of India Limited ("NSE EMERGE"). The trading is proposed to be commenced on or about September 12, 2016.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed to participate in the Offer 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 Offer has received 5037 applications for 4,27,08,000 Equity Shares resulting in 7.38 times subscription (including reserved portion of market maker). The details of the applications received in the Offer (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us cateaory wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on September 07, 2016
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Offer price of Rs 24 per Equity Share, was finalised 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 2,94,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
B. Allocation to Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to the Retail Individual
Investors, at the Offer price of Rs 24 per Equity Share, was finalized in
consultation with National Stock Exchange of India Limited. The category was subscribed by
7.53 times i.e. for 2,84,34,000 Equity Shares. Total number of shares allotted in this
category is 37,74,000 Equity Shares to 629 successful applicants.
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail
Individual Investors, at the Offer price of Rs 24 per Equity Share, was
finalized in consultation with National Stock Exchange of India Limited. The category was
subscribed by 7.54 times i.e. for 1,29,84,000 shares the total number of shares allotted
in this category is 17,22,000 Equity Shares to 108 successful applicants.
The Board of Directors of the Company at its meeting held on September
08, 2016 has approved the Basis of Allocation of Equity Shares as approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized
the corporate action for the transfer of the Equity Shares to various successful
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 17, 2016 ("Prospectus")
INVESTORS PLEASE NOTE:
BIGSHARE SERVICES 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 MADHYA BHARAT AGRO PRODUCTS LIMITED.