(This
is only an advertisement for information purpose and not a Prospectus announcement.)
AARVI ENCON LIMITED
Corporate Identification Number: U29290MH1987PLC045499
Our Company was incorporated as Aarvi Encon Private Limited under the provisions of the
Companies Act, 1956 vide certificate of incorporation dated December 03,1987 in Mumbai.
Subsequently, the name of our Company was changed to Aarvi Encon Limited pursuant to
conversion into a public company vide Shareholders' approval on June 13,2017 and fresh
certificate of incorporation dated July 05,2017. The Corporate Identification Number of
Our Company is U29290MH1987PLC045499. For details of change in registered office of our
Company please refer to chapter titled 'Our History and Certain Other Corporate Matters'
beginning on page 137 of the Prospectus.
Registered Office: 603, B1 Wing, Marathon Innova, Marathon
Nextgen Complex, Lower Parel (West), Mumbai - 400013, Maharashtra, India.
Tel No.: (022) 40499999 | Fax No.: (022)
40499998 | E-mail: info@aarviencon.com
| Website: www.aarviencon.com
Contact Person: Mr. Jaydev Virendra Sanghavi, Executive Director
PROMOTERS OF THE COMPANY: MR. VIRENDRA DALPATRAM SANGHAVI AND MR.
JAYDEV VIRENDRA SANGHAVI
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 39,34,000 EQUITY SHARES OF FACE VALUE OF RS 10
EACH FULLY PAID UP OF AARVI ENCON LIMITED ("AARVI" OR THE "COMPANY" OR
THE "ISSUER") FOR CASH AT A PRICE OF RS 54 PER EQUITY
SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 44 PER EQUITY SHARE
AGGREGATING RS 2124.36 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 1,98,000
EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION
BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE
LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 37,36,000 EQUITY SHARES OF FACE
VALUE OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE".
THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.61% AND 25.27% RESPECTIVELY OF THE POST
ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER
XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER
DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 273
OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS RS 54. THE ISSUE PRICE IS 5.40 TIMES THE FACE VALUE.
ISSUE OPENED ON: SEPTEMBER 21, 2017; ISSUE CLOSED ON: SEPTEMBER 26, 2017
PROPOSED LISTING: THURSDAY, OCTOBER 05, 2017'
The Equity Shares offered through the Prospectus are proposed to be listed on the
NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR)
Regulations, 2009, as amended from time to time. The Company has received an in-principle
approval letter dated August 21,2017 from NSE for using its name in the offer document for
listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the
Designated Stock Exchange will be the National Stock Exchange of India Limited. The
trading is proposed to be commenced with effect from Thursday, October 05,2017.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange
of India Limited.
All Applicants participated 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 602 applications for 5508000 Equity Shares resulting in 1.40
times subscription (including reserved portion of Market Maker). The details of the
applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):
Category |
No. of Applicants |
% |
No. of Equity Shares |
% |
Subscription (Times) |
Market Maker |
1 |
0.16 |
198000 |
3.59 |
1.00 |
Retail Individual Investors |
559 |
92.86 |
1118000 |
20.30 |
0.60 |
Other than Retail Individual Investors |
42 |
6.98 |
4192000 |
76.11 |
2.24 |
TOTAL |
602 |
100.00 |
5508000 |
100.00 |
1.40 |
The details of applications rejected by the Registrar on technical grounds are
detailed below: (Technical rejection)
Category |
No. of Applications |
No. of Equity Shares |
Market Maker |
Nil |
Nil |
Retail Individual Investors |
5 |
10000 |
Other than Retail Individual Investors |
Nil |
Nil |
TOTAL |
5 |
10000 |
After eliminating technically rejected applications, the following tables give us
Category wise net valid applications:
Category |
No. Of Applications |
% |
Issue Size (as per Prospectus) |
Proportionate Issue Size
(After rounding off) |
No. Of Valid
Shares applied |
Subscription (Times) |
Market Maker |
1 |
0.16 |
198000 |
198000 |
198000 |
1.00 |
Retail Individual Investors |
554 |
92.80 |
1868000 |
1108000 |
1108000 |
0.59 |
Other than Retail Individual Investors |
42 |
7.04 |
1868000 |
2628000 |
4192000 |
1.60 |
TOTAL |
597 |
100.00 |
3934000 |
3934000 |
5498000 |
1.40 |
Allocation: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - National Stock Exchange of India Limited on September 29,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs 54 per Equity Share, was finalized
in consultation with NSE. The category was subscribed by 1.00 times. The total number of
shares allotted in this category is 198000 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 54 per
Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.59
times. The total number of shares allotted in this category is 1108000 Equity Shares to
554 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
No. Of Shares Applied for (Category
wise) |
No. Of
Appli
cations
received |
% to Total |
Total No. of
Equity
Shares
applied
in each
Category |
% to Total |
Proporti
nate
Shares
Available* |
Allocation per Applicant
(Before Rounding Off) |
Allocation per Applicant
(After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 |
Ratio of Allottees to Appli cants: Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of Shares Surplus/ Deficit |
2000 |
554 |
100.00 |
1108000 |
100.00 |
1868000 |
2000.00 |
2000 |
1 |
1 |
554 |
1108000 |
-760000 |
TOTAL |
554 |
100.00 |
1108000 |
100.00 |
1868000 |
|
|
|
|
554 |
1108000* |
-760000 |
* The under subscribed 7,60,000 Equity Shares from Retail Individual
Investors Category have been spilled over to Other than Retail Individual Investors
Category.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The
Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 54 per
Equity Share, was finalized in consultation with NSE. The category was subscribed 1.60
times. The total number of shares allotted in this category is 2628000 Equity Shares to 42
successful applicants.
The Category-wise details of the Basis of Allotment are as under:
No. Of Shares Applied for (Category
wise) |
No. Of
Appli
cations
received |
% to Total |
Total No.of
Equity
Shares
applied
in each
Category |
% to Total |
Proporti
nate
Shares
Available |
Allocation per Applicant
(Before Rounding Off) |
Allocation per Applicant
(After Rounding Off) |
Ratio of Allottees to Appli cants: Ratio 1 |
Ratio of Allottees to Appli cants: Ratio 2 |
Number of
Successful
applicant
(after
rounding off) |
Total No.
of Shares
allocated/
allotted |
No. of Shares Surplus/ Deficit |
4000 |
10 |
23.81 |
40000 |
0.95 |
25076 |
2507.63 |
2000 |
1 |
1 |
10 |
20000 |
-5076 |
4000 |
|
|
|
|
|
|
2000 |
2 |
10 |
|
4000 |
4000 |
6000 |
1 |
2.38 |
6000 |
0.14 |
3761 |
3761.45 |
4000 |
1 |
1 |
1 |
4000 |
239 |
8000 |
2 |
4.76 |
16000 |
0.38 |
10031 |
5015.27 |
6000 |
1 |
1 |
2 |
12000 |
1969 |
10000 |
1 |
2.38 |
10000 |
0.24 |
6269 |
6269.08 |
6000 |
1 |
1 |
1 |
6000 |
-269 |
18000 |
2 |
4.76 |
36000 |
0.86 |
22569 |
11284.35 |
12000 |
1 |
1 |
2 |
24000 |
1431 |
20000 |
1 |
2.38 |
20000 |
0.48 |
12538 |
12538.17 |
12000 |
1 |
1 |
1 |
12000 |
-538 |
30000 |
1 |
2.38 |
30000 |
0.72 |
18807 |
18807.25 |
18000 |
1 |
1 |
1 |
18000 |
-807 |
38000 |
1 |
2.38 |
38000 |
0.91 |
23823 |
23822.52 |
24000 |
1 |
1 |
1 |
24000 |
177 |
40000 |
1 |
2.38 |
40000 |
0.95 |
25076 |
25076.34 |
26000 |
1 |
1 |
1 |
26000 |
924 |
46000 |
2 |
4.76 |
92000 |
2.19 |
57676 |
28837.79 |
28000 |
1 |
1 |
2 |
56000 |
-1676 |
48000 |
1 |
2.38 |
48000 |
1.15 |
30092 |
30091.60 |
30000 |
1 |
1 |
1 |
30000 |
-92 |
50000 |
3 |
7.14 |
150000 |
3.58 |
94036 |
31345.42 |
30000 |
1 |
1 |
3 |
90000 |
-4036 |
50000 |
|
|
|
|
|
|
2000 |
2 |
3 |
|
4000 |
4000 |
64000 |
2 |
4.76 |
128000 |
3.05 |
80244 |
40122.14 |
40000 |
1 |
1 |
2 |
80000 |
-244 |
90000 |
1 |
2.38 |
90000 |
2.15 |
56422 |
56421.76 |
56000 |
1 |
1 |
1 |
56000 |
-422 |
92000 |
1 |
2.38 |
92000 |
2.19 |
57676 |
57675.57 |
58000 |
1 |
1 |
1 |
58000 |
324 |
100000 |
1 |
2.38 |
100000 |
2.39 |
62691 |
62690.84 |
62000 |
1 |
1 |
1 |
62000 |
-691 |
184000 |
2 |
4.76 |
368000 |
8.78 |
230702 |
115351.15 |
116000 |
1 |
1 |
2 |
232000 |
1298 |
186000 |
5 |
11.90 |
930000 |
22.19 |
583025 |
116604.96 |
116000 |
1 |
1 |
5 |
580000 |
-3025 |
186000 |
|
|
|
|
|
|
2000 |
1 |
5 |
|
2000 |
2000 |
200000 |
1 |
2.38 |
200000 |
4.77 |
125382 |
125381.68 |
126000 |
1 |
1 |
1 |
126000 |
618 |
370000 |
1 |
2.38 |
370000 |
8.83 |
231956 |
231956.11 |
232000 |
1 |
1 |
1 |
232000 |
44 |
648000 |
1 |
2.38 |
648000 |
15.46 |
406237 |
406236.64 |
406000 |
1 |
1 |
1 |
406000 |
-237 |
740000 |
1 |
2.41 |
740000 |
17.64 |
463911 |
463912.21 |
464000 |
1 |
1 |
1 |
464000 |
89 |
TOTAL |
42 |
100.00 |
4192000 |
100.00 |
2628000 |
|
|
|
|
42 |
2628000 |
0 |
* Includes original reservation of 1868000 Equity Shares and spill over from Retail
Individual Investers Category of 7,60,000 Equity Shares.
The Board of Directors of the Company at its meeting held on September 29,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. National Stock Exchange of India Limited and has authorized the corporate
action for the transfer of the Equity Shares to various successful applicants. The CAN and
allotment advice and/or notices will be dispatched to the address of the Applicants as
registered with the depositories on or before October 04,2017. Further, the instructions
to Self Certified Syndicate Banks for unblocking the amount are being processed on or
prior to October 04,2017. In case the same is not received within four working 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 NSE Emerge Platform within six
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 September 14,2017
("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 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
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East),
Mumbai-4000059.
Tel: +91 22 62638200; Fax: +91 22 62638299; E-mail:
ipo@bigshareonline.com
Website: www.bigshareonline.com;
Contact Person: Mr. Ashok Shetty; SEBI Registration No.: INR000001385
Place: Mumbai Date: October 03,2017 |
For AARVI ENCON LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director |
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 THE AARVI ENCON
LIMITED. |