|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
CHEMTECH INDUSTRIAL VALVES LIMITED
Our Company was incorporated as 'Chemtech Industrial Valves Private Limited" under the provisions ot the Companies Act. 1956 vide Certificate of Incorporation dated January 15, 1997 bearing Registration No. 105108, in Mumbai. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated April 22, 2013 and consequently the name of our Company was changed to "Chemtech Industrial Valves Limited". The Corporate Identification Number of our Company is U29299MH1997PLC105108. For further details please rafer to chapter titled 'History and Certain Other Corporate Matters" beginning on page 112 of tha Prospectus.
Registered Office: 105, Hiranaandani Industrial Estate,
Opp, Kanjurmarg Railway Stn., Mumbai - 400078, India.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 49,52,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FULLY
PAID OF CHEMTECH INDUSTRIAL VALVES LIMITED ("CIVL" OR THE "COMPANY" OR
THE "ISSUER") FOR CASH AT A PRICE OF RS 15/- PER EQUITY SHARE (THE
"ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 5/- PEH EQUITY SHARE)
AGGREGATING RS 742.80 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 2,80,000
EQUlTV SHARES OF FACE VALUE OF RS 10/- EACH WILL BE RESERVED FOR
SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION
PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF
46,72,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE
"NET ISSUE", THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 43.17% AND 40.73%.
RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.
Explanation: for tha purpose of Regulation 43 (4} of SEBI (lCDR) Regulations. 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage,
THE FACE VALUE OF EQUITY SHARES IS RS 10
EACH. THE ISSUE PRICE IS RS 15/-.
The Equity Shares offered through the Prospectus are proposed to be listed on tha SME platform of BSE Limited ('BSE') in terms of the chapter XB of thw SEBI (ICDR) Regulations, 2009 as amended from time to time. Company is not required to obtain an in-principle approval of the shares being offered in this Issue from BSE. However, it has received an approval letter dated 11th October, 2013 from BSE for using its name in the offer document for listing of our Shanes on Hie SME platform of BSE. The designated stock exchange is BSE Limited.
All Applicant were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has reveived 248 applications for 58,32,000 Equity Shares (Including Market Maker Application of 2,80,000 Equity Shares) resulting 1.18 times subscription. After considering, cheque retum cases of 20 applications of 1,60,000 Equity Stares, the issue was subscribed 1.15 times. 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):
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 24th January, 2014.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): 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 2,80,000 Equity shares in full out of reserved portion of 2,80,000 Equity Shares.
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.15/- per Equity Share. was finalized in consultation with BSE. The category was subscribed by 0.46 times. Total number of shares allotted in this category is 1,08,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.71 times. Total number of shares allotted in this category is 36,08,000 Equity Shares, including additional 16,000 Equity Shares for the purpose of rounding off to the nearest multiple of 8,000 Equity Shares (Lot Size) and spill over of 12,56,000 Equity Shares from retail category. The category wise basis of allotments is as under:
The Board of Directors of the Company at its meeting held on 25th January, 2014 has taken on record the Basis of Allocation of Equity shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares /dispatch of share certificates 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 despositories / as filled in the application form on or before 28th January, 2014. Further, the instructions to Self Certified Syndicato Banks being processed on or prior to 25th January, 2014. In case the same is not received within 10 days, investors may confact 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 admiited for trading on the SME Platform of BSE Limited within twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 31th January, 2014 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at 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 applicants, serial number of the Aplication 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:
BIGSHARE SERVICES PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF CHEMTECH INDUSTRIAL VALVES LIMITED.
Nole: All capitalized terms used and not defined herein shall have the respective meanings, assigned to them in the Prospectus.
CHEMTECH INDUSTRIAL VALVES LIMITED is proposing, subject to market conditions and other considerations, a public issue of 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.choiceindia.com and the website of BSE at www.bseindia.com. The investors should note that investing in equity shares involves a high degree of risk and for details, relating to the same, see section titled 'Ris Factors' beginning on Page No. 12 of the Prospectus This document is not an offer of securities for sale in the United States or elsewhere. The shares ot 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), except pursuant to an exermtion from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S.State Securities Laws.