|Basis of Allotment|
is only an advertisement for information purpose and not a prospectus announcement)
VETO SWITCHGEARS AND CABLES LIMITED
Our Company was originally incorporated as a partnership firm on June 26,2003 under the name and style "Veto Industries". On April 1, 2007 the name of the firm was changed to "Veto Switchgears and Cables", Subsequently, on June 20,2007, the partnership firm was converted in to the private limited company under the name and style "Veto Switchgears and Cables Private Limited" under part IX of the Companies Act, 1956. The name of our company was further changed to the present name, pursuant to which a fresh certificate of incorporation dated August 3,2012 was issued by Registrar of Companies, Maharashtra, Mumbai. The Corporate Identification Number is U3140MH2007PLC171844. For further details, please see section "History and Other Corporate Matters" on page 71 of the Prospectus.
Registered Office: D-2, First Floor, Malad Industrial Estate,
Ramchandra Lane Extn.,
Promoter of the company: Veto Electropowers (India) Pvt. Ltd., Mr. Vishnu Kumar Gurnani, Mr. Mohan Das Gurnani, Mr. Narayan Das Gurnani
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 5,000,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 50/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 40/- PER EQUITY SHARE) AGGREGATING UPTO Rs. 2,500/- LACS (THE "ISSUE") BY OUR COMPANY, OF WHICH 834,000 EQUITY SHARES ARE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 4,166,000 EQUITY SHARES OF Rs. 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 30.01 % AND 25.01%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY
THE FACE VALUE OF EQUITY SHARES IS Rs. 10/- PER SHARE AND THE ISSUE
PRICE IS 5 TIMES OF
The Issue is being made through a Book Building Process & in accordance with Chapter XB (applicable to Issue of specified Securities by Small & Medium Enterprises (SME) of the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2009, as amended.
This was an issue wherein not more than 25% of the net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers (QIB), of which 5% shall be reserved for Mutual Funds. Further, not less than 40% of the net Issue was available for allocation on a proportionate basis to Non Institutional Bidders (NIB) and not less than 35% of the net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. The Issue opened for subscription on Monday, December 3,2012 and closed on Wednesday, December 5,2012. The details of the applications received in the Offer from Market Maker, QIB, NIB and Retail Individual Bidders are as under (Before Technical Rejection but after cheque returns);
There were no bids received at Rs. 49/-
The Basis of Allotment was finalised in consultation with NSE on December 10,2012. While finalizing the allotment, due to rounding off to the nearest multiple of minimum lot, 1,000 additional equity shares were allotted over and above the size of the issue. The synopsis of the basis (after technical rejections) is given below:
Allotment to the Market Maker Category
Allotment to other categories
A) Allotment to Qualified Institutional Buyers (QIB) Category
B) Allotment to Non Institutional Bidders
C) Allotment to Retail Individual Bidders (Including ASBA
*un-allocated portions of QIB and NIB.
The Board of Directors of the Company in its' meeting held on December 11,2012 has taken on record the Basis of Allotment of Equity Shares as approved by The National Stock Exchange of India (Designated Stock Exchange) and has allotted the Equity Shares to various successful applicants and, has also authorized corporate action for the allotment of equity shares to successful bidders.
The Allotment advice and/or notices have been dispatched to the address of the allottees as registered with the depositories. Further the instructions to the SCSBs have been dispatched/mailed on December 11,2012. In case the same is not received within ten days, investors may contact the Registrar at the address given below.
Commencement of Trading: The Equity Shares Allotted to successful applicants has been credited on December 12,2012 to the beneficiary accounts subject to validation of the account details with the depositories concerned. The equity shares of the Company will be listed and admitted for trading on NSE-Emerge platform with effect from December 13,2012.
Investors please note: The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: http://www.bigshareonline.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
Bigshare Services Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF VETO SWITCHGEARS AND CABLES LIMITED.
The equity shares of Veto Switchgears and Cables Limited have not been and will not be registered under the U.S. Securities Act 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States and will not be offered or sold in the United States.