|Basis of Allotment|
is only an advertisement for Information purposes and 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securities, Not for publication or distribution, directly or indirectly outside India.)
COMMERCIAL SYN BAGS LIMITED
Our Company was originally incorporated as "Commercial Synbags Private Limited" at Indore, Madhya Pradesh as a private limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 10,1984 issued by Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently, our Company was converted into public limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of our Company held on March 20,1993 and the name of our Company was changed to "Commercial Syn-Bags Limited" pursuant to issuance of fresh Certificate of Incorporation dated May 21,1993 by the Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently, the name of our Company was changed to "Commercial Syn Bags Limited" and a fresh Certificate of Incorporation pursuant to change of name was issued by the Registrar of Companies, Madhya Pradesh, Gwalior on May 18,2016. The Corporate Identification Number (CIN) of our Company is 'U25202MP1984PLC002669'. For details of Incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 68 and 200 respectively of the Prospectus.
Registered Office: Commercial House, 3-4, Jaora Compound, M.Y.H. Road, Indore, Madhya Pradesh - 452001, India. Tel No.: 0731-4279525/26; Fax No.: 0731-2704210; E-mail: firstname.lastname@example.org; Website: www.comsyn.com Corporate Identity Number: U25202MP1984PLC002669; Contact Person: Ms. Megha Parmar, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: MR. ANIL CHOUDHARY, MR. MOHANLAL CHOUDHARY AND SUPER SACK PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 31,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY
SHARES") OF COMMERCIAL SYN BAGS LIMITED ("THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 24 PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 14 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 766.08
LAKHS ("THE ISSUE"), OF WHICH 1,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10
EACH FOR CASH AT A PRICE OF RS. 24 PER EQUITY SHARE, AGGREGATING RS. 40.32 LAKHS WILL BE
RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER
RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF
30,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 24 PER
EQUITY SHARE, AGGREGATING RS. 725.76 LAKHS IS HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01 % AND 25.59% RESPECTIVELY
OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
(a) minimum of 50% of the Net Offerto Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants otherthan retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
(c) the unsubscribed portion of the net offer to anyone of the categories specified in
(a) or (b) shall/may be made availableforallocatJon in any othercategory, if so required.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE OF
RS. 24.00 IS 2.4 TIMES OF THE FACE VALUE
The Issue has received 1803 applications for 2,19,12,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 1,68,000 Equity Shares) resulting 6.86 times subscription. After considering, Technical Rejection cases, the issue was subscribed 6.76 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE on July 11,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 24/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,68,000 Equity shares in full out of reserved portion of 1,68,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 24/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 6.22 times. Total number of shares allotted in this category is 15,12,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 24/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 7.93 times. Total number of shares allotted in this category is 15,12,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on July 12,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN 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 July 13,2016. Further, the instructions to SCSBs have been issued on July 12,2016 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted fortrading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before July 14,2016 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
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 COMMERCIAL SYN BAGS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.