| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement.) R&D DENIMS LIMITED Our Company was originally incorporated on November 17, 2010, as "R&B Denims Private Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on December 15, 2010 and the name of our Company was changed to "R&B Denims Limited" vide a fresh Certificate of Incorporation dated March 8, 2011 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. The Corporate Identification Number of our Company is U17120GJ2010PLC062949. For details of the changes in our name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 86 of the Prospectus. Registered Office: Block No. 467, Sachin Palsana Road,
Palsana, Surat-394315, Gujarat, India. BASIS OF ALLOTMENT PUBLIC ISSUE OF 37,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF R&B DENIMS LIMITED ("R&B" OR "THE COMPANY" OR "THE ISSUER") FOR CASH AT PAR AGGREGATING TO RS. 371.00 LACS (THE "ISSUE") OF WHICH 1,90,000 EQUITY SHARES OF FACE VALUE OFRS. 107- EACH AGGREGATING TORS. 19.00 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 35,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- AT PAR AGGREGATING TO RS. 352.00 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51% AND 25.15 %, 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 35,20,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS INCLUDING CORPORATE BODIES OR INSTUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATION A THE 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. 10 IS 1(ONE) TIME OF THE FACE VALUE ISSUE OPENED ON FRIDAY, MARCH
28, 2014 PROPOSED LISTING: APRIL 22, 2014* 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 the issue. However, our Company has received an approval letter dated March 19, 2014 from BSE for using its name in the Prospectus for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to commence on or before April 22, 2014*. '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"). SUBSCRIPTION DETAILS The Issue has received 174 applications for 45,30, 000 Equity Shares (including Market Maker Application of 1,90,000) resulting 1.22 times subscription. The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows: Detail of the Applications Received (Before Technical Rejection & After Cheque Return)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below: (Technical rejection)
After eliminating technically rejected applications, the following tables gives us Category wise valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 10, 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 times. The total number of shares allotted in this category is 1,90,000 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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.19 times i.e. for 24,90,000 Equity Shares. The total number of shares allotted in this category is 21,00,000 Equity Share to 152 successful applicants.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.20 times i.e. for 17,00,000 Equity Shares. The total number of shares allotted in this category is 14,20,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company vide resolution dated April 11, 2014 has taken on record the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Ltd 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 April 12, 2014. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 11, 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 meaning assigned to them in the Prospectus dated March 20, 2014 ("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 ww.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 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 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 R&B DENIMS LIMITED. |
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