|Basis of Allotment|
MONARCH HEALTH SERVICES LIMITED
Our Company was originally Incorporated as "Monarch Health Services Pvt. Ltd." on 01/10/2011 under the Companies Act, 1856 vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed to 'Monarch Health Services Ltd." on 09/12/2011 upon conversion into a Public Limited. Company and a fresh certificate of incorporation was obtained from tha Registrar of Companies, Maharashtra, Mumbai. Simultaneously, a Certificate for Commencement of Business waa issued to us by the Registrar of Companies, Maharashtra, Mumbai an 09/12/2011.
The registered Office of Our Company Originally situated at 901/902, Atlanta Centre, Opp. Udyog Bhavan, Sonawala Lane, Goregaon (East), Mumbai - 400063 has been shifted to 28/3, Ground Floor, Next to Jari Marl Mandir, SV Road, Bandra (W), Mumbal - 400050 with effect from 26/12/2011. For more details, please refer section titled "History and Certain Corporate Matters" on Page No.75 of the Prospectus.
Registered Office: 28/3, Ground Floor, Next to Jari
Mari Mandir, SV Road, Bandra (W), Mumbai - 400050, Maharashtra, India Tel. No. 022-
26420655 Fax No 022- 26420660
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 30,00, 000 EQUITY SHARES OF RS. 10/-
EACH (EQUITY SHARES OF MONARCH HEALTH SERVICES LTD ("MHSL", "THE
COMPANY" OR 'THE ISSUER") FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE (THE
ISSUE PRICE) AGGREGATING TO RS. 1200 LACS (THE ISSUE). THE FACE VALUE OF THE SHARE IS
RS.10/- EACH AND THE ISSUE PRICE IS 4 (FOUR) TIMES OF THE FACE VALUE. THE ISSUE IS BEING
MADE IN TERMS OF CHAPTER X B OF SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE
"SEBI REGULATIONS"). OUT OF THE PROPOSED ISSUE OF 30,00,000 EQUITY SHARES,
12,00,000 EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS (OUT OF WHICH
1,25,000 EQUITY SHARES HAVE ALREADY BEEN ALLOTTED TO PROMOTERS AT IPO PRICE) AND 3,00,000
EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER (AS DEFINED IN THE SECTION
"DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION
PORTION"). THE ISSUE LESS THE PORTION RESERVED FOR THE PROMOTERS AND THE MARKET MAKER
i.e. ISSUE OF 15,00,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE
"NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 50% AND 25%,
RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A
FIXED PRICE ISSUE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS,
2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 15,00,000
EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE
REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS
INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED
FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON
PROPORIONATE BASIS, THEY SHALL BE ALLOTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 4 TIMES THE FACE VALUE. ISSUE OPENED ON MAY 12, 2012 AND CLOSED ON MAY 16, 2012.
This being a Fixed Pnce Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, 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 one of 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").
The Issue has received 168 applications for 18,72,000 Equity Shares resulting in 1.04 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds are detailed below:
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications.
*After considering the undersubscribed portion of Retail category which have been
spilled over to Non Institutional category for 342000 shares.
The Board of Directors of the Company at its meeting held on May 24, 2012 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 May 26,2012. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to May 25, 2012. In case the same is not received within 10 days, investors may contact at the address given below. 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 SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharepro Services (I) Pvt Ltd. www.shareproservices.com. 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 shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
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