|Basis of Allotment|
|This is only an advertisement for Information purposes
and not a Prospectus announcement.)
DHANUKA COMMERCIAL LIMITED
Our Company was incorporated as Dhanuka Commercial Private Limited on November 16,1994 under the Companies Act, bearing Registration No. 065886 having its registered office in West Bengal. Later, the company shifted its registered office to New Delhi pursuant to a special resolution passed by the members of our Company at the EGM held on August 11,2012. Subsequently, the company became a public limited company pursuant to a special resolution passed by the members of our company at the EGM held on January 27, 2014. For further details regarding the changes in our name and registered office, kindly refer to the Chapter titled "History and Certain Corporate Matters" beginning on page 104 of the Prospectus. The Company's Corporate Identity Number is U30007DL1994PLC260191.
Registered Office: 61, Vats Market, Near Shiva Market, Pitampura, Delhi -110034, India. Tel.: +91 -11 - 4513 2171; Fax: +91 -11 - 4513 2171 Email: firstname.lastname@example.org; Website: www.dhanukacommercial.com; Company Secretary and Compliance Officer: Mr. Sunil Jain
PROMOTERS OF THE COMPANY: MR. MAHESH KUMAR DHANUKA, MR. SANJEEV MITTAL, MR. GOPAL KRISHAN BANSAL AND M/S. TALWARIA POLYMERS PVT. LTD.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 44,40,000 EQUITY SHARES OF A FACE VALUE RS 10/- EACH ("EQUITY SHARES") OF DHANUKA COMMERCIAL LIMITED ("DCL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 10/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 444.00 LACS (THE "ISSUE") OF WHICH, 2,40,000 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 42,00,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.52% AND 25.08%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF OUR EQUITY SHARES IS RS 10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS 1.00 TIMES OF THE FACE VALUE. ISSUE OPENED ON MAY 22,2014 AND CLOSED ON MAY 28,2014.
The Equity Shares of the Company 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, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated April 17,2014 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE.
BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before June 11,2014.*
* Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. 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 255 applications for 59,50,000 Equity Shares resulting in 1.34 times subscription. The details of the applications received in the Issue are as follows:
Detail of the Applications Received
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over-subscription of 11,10,000 Equity Shares in Retail Category & 3,40,000 Equity Shares in Non - Retail Category. As per Regulation 43(4) of SEBI (ICDR) Regulations, 2009, the allotment in Retail & Non-Retail Category was revised to 56.81 % and 43.19% respectively. Further, due to rounding-off for lot size of 10,000 the final allotment in Retail & Non-Retail Category is determined as 56.90% and 43.10% respectively. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on June 05,2014.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 10/- 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 2,40,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
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 finalised in consultation with BSE. The total number of shares allocated in this category is 23,90,000 Equity Shares after adjusting for the purpose of rounding off to the nearest multiple of 10,000 Equity Share (Lot Size). The category was subscribed by 1.3431 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Individual Investors (After Technical Rejections): The Basis of Allotment to the Non - Retail Individual Investors, at the issue price of Rs 10/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 18,10,000 Equity Shares after adjusting for the purpose of rounding off to the nearest multiple of 10,000 Equity Share (Lot Size). The category was subscribed by 1.3481 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on June 05,2014 has taken on record the Basis of Allotment of Equity Shares, as 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 Advices and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Refunds have been made through ECS, Direct Credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories on or before June 09,2014. Further, the instructions to Self Certified Syndicate Banks have been processed on or before June 09,2014. 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 at the address given below. The Refund Advices are accompanied with Demand Drafts which have been over-printed with the bank account details as registered, if any, with the depositories. 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. Note: All capitalized terms used and not defined herein shall have Hie respective meanings assigned to them in the Prospectus dated May 10,2014 ("Prospectus").
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, 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 given below:
MAS Services 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 DHANUKA COMMERCIAL LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
DHANUKA COMMERCIAL 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 New Delhi. The Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Manager at www.afsl.co.in and website of the BSE at www.bseindia.com. Investor should note that investment in equity shares involves a high degree of risk. For details, investors should refer to and rely on the Prospectus, including the section titled "Risk Factors" of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S, persons" (as defined in Regulations under the securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.