|Basis of Allotment|
This is only an advertisement for information purposes and not a Prospectus announcement.
LAKHOTIA POLYESTERS (INDIA) LIMITED
Our Company was originally incorporated with the Registrar ot Companies, Mumbai, Maharashtra, on August 5, 2005 as Lakhotia Polyesters (India) Private Limited. Pursuant to shareholders Resolution dated July 25, 2012 the Company was converted into Public Limited Company and the name was changed to Lakhotia Polyesters (India) Limited. For details of the changes in our name and Registered Office, refer "History and Certain Corporate Matters" on page 87 of the Prospectus. A copy of the Prospectus has been delivered to the office of the Registrar of Companies, Mumbai.
Registered Office: 158/159 Samaratha Sahkari Audyogik
Vasahat Ltd., Pimpal- Gaon (Baswant), Tal.- Niphad, Nashik - 422209, Maharashtra, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 14,52,000 EQUITY SHARES OF RS.10/- EACH ("EQUITY SHARES") OF LAKHOTIA POLYESTERS (INDIA) LIMITED ("LPIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT PRICE OF RS.35/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 508.20 LACS ("THE ISSUE"), OF WHICH, 2,20,000 EQUITY SHARES OF RS.10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE PROSPECTUS) (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 12,32,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.82% AND 32.93% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
This being a Fixed Price Issue and in terms of Prospectus dated March 14, 2013 and
as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the
Net Offer to Public shall be initially made available to Retail Individual Investors as
the case may be. The balance net offer of shares to the Public shall be made available for
allotment to a) individual applicants other than retail investors and b) other investors
including corporate bodies / institutions irrespective of no. of shares applied for. The
unsubscribed portion of the net offer to any one of the categories specified in (a) or (b)
shall / may be made available for allocation in any other category, if so required.
THE FACE VALUE OF OUR EQUITY SHARES IS RS.10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS.35 EACH. THE ISSUE PRICE IS 3.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 19,2013 AND CLOSED ON MARCH 21,2013.
The Equity Shares offered through the 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, Company is not required to obtain
an in-principle listing approval of the shares being offered in this Issue. However, our
Company has received an approval via letter dated March 13,2013 from BSE for using its
name in the offer document for listing of our Shares on the SME Platform of BSE. The
designated stock exchange is BSE Limited ("BSE").
The Issue has received 191 applications for 1864000 Equity Shares resulting in 1.28 times subscription (including reserved portion of Market Makers). The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed
Detail of the Application Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of allotment was finalized in constitution with the Designated Stock Exchange - BSE Limited on March 28,2013.
A) Allocation to Marker Makers (After Technical Rejections & withdrawal): The Basis of Allotment to the Market Makers, at the issue price of Rs.35/- 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 220000 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 issue price of Rs.35/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.17 times. The total number of shares allotted in this category is 616000 Equity Shares as against 616000 Equity Shares reserved for allocation to Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:
C) Allocation to other than Retail Individual Investors (After Technical Rejections & withdrawal): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs.35/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.49 times. The total number of shares allotted in this category is 616000 Equity Shares as against 616000 Equity Shares reserved for allocation to Other than Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on March 28,2013 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 allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Order and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on or before April 02, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or prior to April 02, 2013. Refunds have been made through Direct Credit and NEFT into the Bank Accounts 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 working day, investors may contact at the address given below. The Equity Shares allotted to successful applicants have been 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 12 working days from the closure of the Issue.The trading Is proposed to be commenced with effect from April 04,2013, subject to reciept of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE:
Sharex Dynamic (India) Private Limited
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF LAKHOTIA POLYESTERS (INDIA) LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
Lakhotia Polyesters (India) Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai, Maharashtra. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www. intensivefiscal.com, website of BSE at www.bseindia.com and website of Issuer Company at www.lakhotiapoly.in. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors" on page 10 of the Prospectus. The equity shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act*) or any state securities laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. State Securities laws.