| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement.) CAREWELL INDUSTRIES LIMITED Our Company was incnporaled as 'PL Chemicals Limited' a public limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated June 8, 1984 issued by the Registrar of Companies, Pondicherry. Our Company was converted into a private limited company and the name of our Company was changed to 'PL Chemicals Private Limited' under section 31 of the Companies Act, 1956 vide amendment to the Certificate of incorporation dated September 25,1997 issued by the Registrar of Companies, Pondicheny. The name of our Company was changed to 'Carewell Industries Private Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated October 11, 2012, issued by the Registrar of Companies, Pondicherry. Our Company was converted into a public limited company under the Companies Act and the name of our Company was changed to 'Carewell Industries Limited' pursuant to fresh certificate of incorporation Consequent upon change of name on conversion to public limited company dated May 9, 2013, issued by the Registrar of Companies, Pondicherry. Our corporate identification number is U2424lTNl984PLC096136. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 32 and77, respectively, of the Prospectus. Registered Office: Sindur Pantheon Plaza, 4th Floor, 346 Pantheon Road, Egmore, Chennai -600 008, Tamil Nadu, India. Tel: +91 44 4355 5227, Fax: +91 44 4213 4333. Website: www.carewellindustriesltd.com, E-mail: carewellindustrieslimited@gmail.com Company Secretary and Compliance Officer: Ms. Megha Agarwal OUR PROMOTER: MRS. R. RATHINAMALA AND SARAA MEDIAWORKS PRIVATE LIMITED BASIS OF ALLOTMENT PUBLIC ISSUE OF 33,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF CAREWELL INDUSTRIES LIMITED {IHE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 5 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 495.60 LACS ("THE ISSUE"), OF WHICH 1,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PEH EQUITY SHARE, AGGREGATING RS. 25.20 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 31,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 470.40 LACS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 46.49% AND 44.13% RESPECTIVELY OF THE FULLY DILUTED 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 OFER OF 31,36,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE 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. 15 IS 1.50 TIMES OF THE FACE VALUE The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform or 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-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated June 6, 2014 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue. BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from TUESDAY, AUGUST 12, 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 184 applications for 44,16,000 Equity Shares resulting in 1.34 times subscription (including reserved portion of Market Maker). 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)
The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below: Technical rejection / Withdrawal
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications: After technical rejections
The under subscribed 2,96,000 equity shares of Retail Individual Investors Category nave been spilled over to other than Retail individual investors category. Further in other than retail individual investors category 8000 additional shares have been allotted due to rounding off. Allocations: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 7, 2014. A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker. at the issue price of Rs. 15/- 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 1,68,000 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. 15/- per Equity Share, was finalised in consultation with BSE.The category was subscribed by 0.81 times i.e. for 12,72,000 equity shares. Due to under subscription all the 159 valid applicants in this category have been given full and firm allotment of 8,000 equity shares each and the under subscribed portion, being 2,96,000 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 Other than Retail Individual Investors, at the issue price of Rs. 15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed 1.83 times. After adding the spill over 2,96,000 equity shares from Retail individual Investors category the category was subscribed by 1.60 times. Further in other than retail individual investors category 8000 additional shares have been allotted due to rounding off. The total number of shares allotted in this category is 18,72,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on August 7, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on August 8, 2014. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to August 8, 2014. In case the same is not received within 10 days, investors may contact at the address given below. Refunds have been made through Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders are being 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 Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. 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 July 9, 2014 ("Prospectus"). 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 No. 9, Shiv Shakti Ind. Estate, Gr. Floor, J. R. Boricha Marg
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 CAREWELL INDUSTRIES LIMITED. |
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