| Basis of Allotment |
(This is only an advertisement for Information purposes and not a Prospectus announcement.) ULTRACAB (INDIA) LIMITED Our Company was incorporated as "Ultracab (India) Private Limited" under the provisions of the Companies Act, 1956 vide certificate of incorporation dated December 19, 2007 bearing registration no. 052394 issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Subsequently, our Company was converted into a public limited company vide fresh certificate of incorporation dated July 30, 2014 issued by the Registrar of Companies, Ahmedabad and consequently the name of our Company was changed to "Ultracab (India) Limited". For further details including change in Registered Office, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 143 of the Prospectus. Registered Office: Survey No. 262, Behind Galaxy Bearing Ltd.,
Shapar (Varaval), Rajkot- 360024, Gujarat, India. Tel.: 91 - 2827 - 253122/23; BASIS OF ALLOTMENT PUBLIC ISSUE OF 22,14,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 36.00 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 26.00 PER EQUITY SHARE) AGGREGATING RS. 797.04 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 1,14,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I. E. ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/-EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.63 % AND 26.20 %, RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY. In terms of Prospectus dated September 06, 2014 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail 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) shall/may 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 fi percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 36.00 THE ISSUE PRICE IS 3.6 TIMES OF THE FACE VALUE. The Equity Shares offered through the 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. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated September 04, 2014 from BSE for using its name in the Prospectus for listing of our Shares on 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"). SUBSCRIPTION DETAILS The Issue has received 268 applications for 2907000 Equity Shares (including Market Maker Application of 114000 Equity Shares) resulting 1.31 times subscription. After considering, Cheque Return, Withdrawals and Technical/Multiple Rejection cases, the Issue was subscribed 1.28 times (including the Market Maker Portion) The details of the applications received (Before Technical Rejection & withdrawal of application but after cheque returns)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 01, 2014. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 36/- 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 1,14,000 Equity shares in full out of reserved portion of 1,14,000 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. 36/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.49 times. Total number of shares allotted in this category is 5,16,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections and Withdrawals): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 36/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.39 times including spill over 534000 equity shares from Retail individual Investors category. The total number of shares allotted in this category is 1584000 Equity Shares to 87 successful applicants on proportionate basis. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October
01, 2014 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment
of share in dematerialized form 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 / as filled in the application form on or
before October 07, 2014. Further, the instructions to SCSBs has been processed on October
04, 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 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. The trading is proposed to commence on or before October 10,
2014 subject to receipt of listing and trading approvals from BSE Limited. The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF
ULTRACAB (INDIA) LIMITED. |
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