|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement)
BHANDERI INFRACON LIMITED
Our Company was incorporated on July 19, 2004, as "Bileshwar Industrial Estate Developers Private Limited" under the provisions, of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havli. The name of our Company was changed to "Bhanderi Infracon Private Limited" vide fresh Certificate of Incorporation dated February 26, 2013 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently,
our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on March 05, 2013, the name of our Company was accordingly Changed to "Bhanderi Infracon Limited' vide a fresh Certificate of Incorporation dated April 29, 2013 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The Corporate Identification Number of our Company is U45201GJ2004PLC044481. For further details of our Company, please see "History and Certain Other Corporate Matters" beginning on page 88 of the Prospectus.
Registered Office: B/12, JabuKa Complex, Near Bajrang
Ashram, Below Vitas School, N.H.-8, Thakkar Bapanagar, Ahmedabad - 382350, Gujarat, India
PUBLIC ISSUE OF 5,40,000 EQUITY SHARES OF RS. 10/- EACH FULLY PAID UP OF BHANDERI INFRACON LIMITED ("BIL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 120/- PER EQUITY SHARE (THE "ISSUE PRICE") (WHICH INCLUDES A SHARE PREMIUM OF RS. 110/- PER EQUITY SHARE), AGGREGATING TO RS. 640/- LAKHS ("THE ISSUE"), OF WHICH, 27,600 EQUITY SHARES OF RS, 10/- EACH TO BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE PROSPECTUS) (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 5,12,400 EQUITY SHARES OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET lSSUE". THE ISSUE AND THE NET ISSUE CONSTITUTE 26.61% AND 25.72%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE WAS MADE IN TERMS OF CHAPTER XB QF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC TO BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS. 2009, AS AMENDED. FOR FURTHER DETAILS SEE "ISSUE RELATED INFORMATION" BEGINNING ON PAGE 170 OF THE PROSPECTUS,
The issue was made for 540000 equity shares.However, the actual number of shares alloted are 549600. Trie reason for the difference is as under:
In Other then Retail Individual Investors category 9600 additional share have been allotted due to Rounding off. As mentioned in prospectus on page no. 53, "An over-subscription to the extent of 10% of this Issue size may be retained for the purpose of rounding off while finalizing the basis of allotment of Equity Shares."
In terms of Prospectus dated July 11, 2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public to be made available to Retail Individual Investors as the case may be.The balance net offer of shares to the public to be made available to a) individual applicants other than retail individual 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) to 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 to be allocated that higher percentage.
THE FACE VALUE OF THE EOUITY SHARES IS RS. 10/-. THE ISSUE PRICE IS RS. 120/-. THE ISSUE PRICE IS 12 TIMES OF THE FACE VALUE.
ISSUE OPENED ON TUESDAY, JULY 22, 2014 AND CLOSED ON FRIDAY, JULY 25, 2014.
The Equity Shares offered through tne 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 July 01, 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 120 applications for 6,18,000 Equity shares (Including Market Maker Application of 27,600 Equity Shares) resulting 1.1444 times subscription. After considering, rejection of 1 application of 1,200 Equity Shares, the issue was subscribed 1.1422 times. The details of application received in the Issue (before technical rejections) are as follows:
Details of Application 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 Application Received (After Technical Rejection & withdrawal)
ALLOCATION: The Basis af Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 05, 2014.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 120/- per Equity Share, was finalised in consultation with the BSE. The Category was subscribed by 1.00 times. The total number of shares, allotted in this, category is 27,600 Equity Shares in full out of reserved portion of 27,600 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. 12/- per Equity Share, was finalised in consultation with the BSE. The Category was subscribed by 0.9813 times, The total number of shares allotted in this category is 440400 Equity Shares. The calegory-wise Basis of Allotment is as follows:
C. Allocation to Non - Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non - Retail Individual Investors, at the issue price of Rs. 120/- per Equity Share, was finalised in consultation with the BSE. The Category was subscribed by 1.9813 times. The total number of shares allotted in this category is 440400 Equity Shares. The category-wise Basis of Allotment is as follows:
The Board of Directors of the Company at its meeting held on August 05, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has accordingly allotted the equity shares to the successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicant as registered with the depositories/ as filled in the application form on or before August 06, 2014. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to August 06, 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 account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for taking on the SME platform of BSE Limited- within twelve working days from the closure of the Issue. The trading is proposed to be commenced on or before August 09, 2014 subject to receipt of listing and trading approvals fram BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
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 BHANDERI INFRACON LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.