|Basis of Allotment|
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TENTIWAL WIRE PRODUCTS LIMITED
Our Company was originally incorporated on February 9,1994, as "Tentiwal Wire Products Private Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, U.P., Kanpur. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on January 9,1995 and the name of our Company was changed to "Tentiwal Wire Products Limited" vide a fresh Certificate of Incorporation dated February 14,1995, issued by the Registrar of Companies, U.P., Kanpur. The Corporate Identification Number of our Company is U31101UP1994PLC016107. For details of the changes in our name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 108 of the Prospectus.
Registered & Corporate Office: Delhi Masani
Road, Radhey Shyam Colony, Mathura -281003, Uttar Pradesh, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 16,30,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF TENTIWAL WIRE PRODUCTS LIMITED ("TWPL" OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 13 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 3 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 211.90 LAKHS (THE "ISSUE"), OF WHICH 90,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 13 PER SHARE AGGREGATING TO RS. 200.20 LAKHS (HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.05% AND 28.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR 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 ISSUE OF 15,40,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INDIVIDUALS 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 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. 13 IS 1.3 TIMES OF THE FACE VALUE.
ISSUE OPENED ON WEDNESDAY, DECEMBER 11,2013 I ISSUE CLOSED ON MONDAY, DECEMBER 16,2013
PROPOSED LISTING: December 31,2013*
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an approval letter dated November 29,2013 from BSE for using its name in the Prospectus for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commence with effect from December 31,2013*
'Subject to receipt of listing and trading approvals from the BSE Limited.
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 applications for 23,20,000 Equity Shares (before cheque returns*) resulting in 1.42 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns*) are as follows:
* 7 applications by Retail Individual Applicants were rejected due to cheque return by HDFC Bank Limited "Escrow Bank".
Detail of the Applications Received (Before Technical Rejection and after cheque returns)
There were no applications rejected under technical grounds by the Registrar and the summary of total subscriptions received and considered for basis of allotment in the Issue is as under:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 24,2013.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of RS. 13/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 90,000 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. 13/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.40 times i.e. for 14,40,000 Equity Shares. The total number of shares allotted in this category is 10,30,000 Equity Shares to 103 successful applicants.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of ? 13/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.40 times i.e. for 7,20,000 Equity Shares. The total number of shares allotted in this category is 5.10.000 Equity Shares to 15 successful applicants.
Retail category has been given 3,333 excess equity shares due to rounding off and the same has been reduced from the Other than Retail Individual Investor category to the extent of excess shares allotted.
The Board of Directors of the Company at its meeting held on December 24,2013 has approved the Basis of Allocation of Equity Shares as 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 Refund /allotment intimation are being dispatched to the address of the Applicants as registered with the depositories by December 26,2013. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being given by December 26,2013. Incase the Refunds the same has been made through Direct credit / RTGS/NEFT/NECS 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 days, investors may contact Registrar 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 December 04,2013 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at 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:
SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
THE 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 TENTIWAL WIRE PRODUCTS LIMITED.