| Basis of Allotment |
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is only an advertisement for information purposes and not a prospectus announcement
BRONZE BRONZE INFRA-TECH LIMITED Our Company was originally incorporated on October12,2004 as Shivpujan Agencies Private Limited with the Registrar of Companies, West Bengal. The name of our Company was changed from Shivpujan Agencies Private Limited to Bronze Infra-Tech Private Limited on July 02,2012. Thereafter, our Company was converted into a public limited company under the Companies Act and the name of our Company was changed to its present name 'Bronze Infra-Tech Limited' pursuant to fresh certificate of incorporation consequent upon change of name on conversion to public limited company dated July 04,2012, issued by the Registrar of Companies, West Bengal. The Corporate Identification Number of our Company is U74990WB2004PLC100116. For details of changes to our Registered Office, please refer to the chapter titled "History and Other Corporate Matters" beginning on page 77 of the Prospectus. Registered Office: 158, Lenin Sarani, 3rd Floor, Room No. 7B,
Kolkata - 700 013, West Bengal BASIS OF ALLOTMENT PUBLIC ISSUE OF 57,04,000 EQUITY SHARES OF RS.10 EACH ("EQUITY SHARES") OF BRONZE INFRA-TECH LIMITED ("BITL"OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 15 PER SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 855.60 LAKHS ('THE ISSUE"), OF WHICH 8,64,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 48,40,000 EQUITY SHARES OF RS.10 EACH IS HEREAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.17% AND 28.15% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFER OF 48,40,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS 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 PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE. THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE PRICE OF RS.15 IS 1.5 TIMES OF THE FACE VALUE
PROPOSED LISTING The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated October 11,2012 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. Forthe purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from Wednesday, November 07,2012*. *Subject to receipt of listing and trading approvals from the BSE Limited. This being a Fixed Price Issue, the allocation in the Net Offer to the Public category is made in terms of Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue shall initially be made available for allotment to Retail Individual Investors. The balance Net Issue 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 Issue to any one of the categories specified above shall/may be made available foral location 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"). SUBSCRIPTION DETAILS The Issue has received 482 applications tor 67,52,000 Equity Shares resulting in 1.18 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Reiection)
The details of applications rejected by the Registrar on technical
grounds / withdrawal are detailed below:
After eliminating Technically Rejected applications, the following
table gives the details of Category wise net valid applications:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on November02,2012. A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 8,64,000 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.15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.18 times. The total number of shares allotted in this category is 27,84,000 Equity Shares. * The retail category has applied for 57.50% of the valid applications underthe net offer to public. Further owing to rounding off, 830 additional shares have been apportioned to be allotted to retail investors. C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs.15/-per Equity Share, was finalised in consultation with BSE. The category was subscribed 1.18 times. The total number of shares allotted in this category is 21,36,000 Equity Shares. ^ The non-retail category has applied for 42.50% of the valid applications under the net offer to public. Further owing to rounding off, 79,170 additional shares have been apportioned to be allotted to the non retail investors.The Board of Directors of the Company at its meeting held on November 02,2012 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited 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 November 05,2012. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to November 03,2012. In case the same is not received within 10 days, investors may contact at the address given below. Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the BankAccounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate 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 SME Platform of BSE Limited within twelve working days from the date of the closure of the Issue. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated October 12,2012 ("Prospectus"). INVESTORS PLEASE NOTE
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING ORTHE BUSINESS PROSPECTS OF BRONZE INFRA-TECH LIMITED. |
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