|Basis of Allotment|
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OCEANAA BIOTEK INDUSTRIES LIMITED
Our Company was originally incorporated with the Registrar of Companies, Chennai, Tamil Nadu, on October 28,2005 as Oceanic Shelters Private Limited. The Company was converted into Public Limited Company and also the name was changed to Oceanaa Biotek Industries Limited pursuant to shareholders resolution dated May 17,2013. For details of the changes in our name, refer "History and Corporate Structure" on page 81 of the Prospectus.
Registered Office: 15, Zackaria Colony, 4th Street, Choolaimedu,
Chennai - 600 094, Tamil Nadu, India.
PUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF OCEANAA BIOTEK INDUSTRIES LIMITED ("OBIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT PAR (THE "ISSUE PRICE"), AGGREGATING TO RS. 210 LACS ("THE ISSUE"), OF WHICH, 1,10,000 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 19,90,000 EQUITY SHARES OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.24% AND 38.14% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated February 25,2014 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors. 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.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) 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 AND THE ISSUE PRICE IS RS. 10 EACH. THE ISSUE PRICE IS ONE TIME OF THE FACE VALUE. ISSUE OPENED ON 18th MARCH 2014 AND CLOSED ON 20th MARCH 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 for the shares being offered in this Issue. However, Company has received an approval letter dated 17th February, 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 their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 108 applications for 28,60,000 Equity Shares (Including Market Maker Application of 1,10,000 Equity Shares) resulting 1.36 times subscription. After considering, technical rejections cases of 2 application for 1,50,000 Equity Shares, the Issue was subscribed 1.29 times. The details of the applications received in the Issue (before technical rejections) are as follows:
Details 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 below:
Details of Applications Received (After technical rejection & withdrawal)
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 27thMarch, 2014.
A. Allocation to Market Maker (After technical rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 10/- 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 1,10,000 Equity Shares in full of reserved portion of 1,10,000 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. 10/- per Equity Share was finalized in consultation with BSE. The category was subscribed by 1.30 times. Total number of shares allotted in this category is 10,30,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investors (After technical rejections): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 10/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.31 times. Total number of shares allotted in this category is 9,60,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company vide circular resolution dated
28th March, 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 to various successful applicants. The Refund/ Allotment
intimation are being dispatched to the address of the Applicants as registered with the
depositories on or before 29th March, 2014. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount are being processed on or prior 28th
March, 2014. In case the same is not received within ten days, investors may contact
Registrar 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 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 meanings assigned to them in the Prospectus 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 top 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:
Bigshare Services Pvt. Limited
V B Desai Financial Services Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF OCEANAA BIOTEK INDUSTRIES UMfTED.