|Basis of Allotment|
|(This is only an advertisement for Information purposes and not a
POLYMAC THERMOFORMERS LIMITED
Our Company was originally incorporated in Kolkata as "Polymac Thermoformers Private Limited" on 17th December, 1999 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Kolkata, West Bengal. Our Company was converted in to a public limited company and consequently name was changed to "Polymac Thermoformers Limited" vide fresh certificate of incorporation dated 26th August, 2013 issued by the Registrar of Companies, Kolkata, West Bengal. For further details in relation to the changes to the name of our Company, please refer to the section titled "Our History and Corporate Structure" beginning on page 66 of the Prospectus.
Registered office & Corporate Office: 29A, Weston Street, 3rd
Floor, Room no. C5, Kolkata-700012;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 22,00,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF POLYMAC THERMOFORMERS LIMITED ("PTL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 35/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 770.00 LACS ("THE ISSUE"), OF WHICH, 1,20,000 EQUITY SHARES OF RS.10/-EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 20,80,000 EQUITY SHARES OF RS.10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 46.01% AND 43.50%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 8th January, 2014 and as per Regulation 43 (4) of SEBI
(ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be
made available to 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 THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 35 EACH. THE ISSUE PRICE IS 3.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON 6th FEBRUARY, 2014 AND CLOSED ON 12th FEBRUARY, 2014.
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 approval of the shares being offered in this Issue. However Company has received an approval letter dated 3rd January, 2014 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.
All Applicants 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 received 275 applications for 20,04,000 Equity Shares (Including Market Maker Application of 1,20,000 Equity Shares) resulting 0.9109 time subscription before cheque returns and before considering technical rejection cases. The Issue was subscribed to the extent of 0.8964 time after considering the cheque return cases of 32,000 Shares for 8 applications. After considering the Technical Rejections cases of 32000 Shares for 4 applications, the Issue was subscribed 0.8818 time. Since this Issue was fully underwritten, and requisite notice has been sent to Underwriter i.e. Guiness Corporate Advisors Private Limited hence Underwriter has subscribed the shortfall of 2,60,000 Shares and accordingly Issue was subscribed to 1.00 time.The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejections):
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejections):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 24th February, 2014.
A. Allocation to Market Maker The Basis of Allotment to the Market Maker, at the issue price of Rs. 35/- 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 1,20,000 Equity shares in full out of reserved portion of 1,20,000 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 35/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.862 times. Total number of shares allotted in this category is 8,96,000 Equity Shares. The balance 1,44,000 Shares has been added to Underwriter Category as spill over. 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.35/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.888 times. Total number of shares allotted in this category is 9,24,000 Equity Shares. The balance 1,16,000 Shares has been added to Underwriter Category as Spill over. The Category wise basis of allotment is as under:
D. Allocation to Underwriters (After Technical Rejections & Withdrawal): The shortfall of retail category (144000 Shares) and Non Retail category (116000) Shares has been subscribed by Underwriter at the issue price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 24th February, 2014 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 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 depositories / as filled in the application form on or before 25th February, 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 25th February, 2014. In case the same is not received within 10 days, investors may contact 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 admitted tor 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 28th February, 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, Link Intime India Private Limited at www.linkintime.co.in 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:
LINK INTIME INDIA PVT. LTD
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 POLYMAC THERMOFORMERS