|Basis of Allotment|
release in The United States. This is an advertisement for information purposes only This
is not a Prospectus announcement, and does, not constitute an invitation or offer to
acquire, purchase' or subscribe for securities Not for publication or distibution,
directly or Indirectly outside India. All capitalized terms used herein and not
specifically defined shall have the same meaning as ascribed to them in the Prospectus.
MOMAI APPARELS LIMITED
Our Company was incorporated as "Momai Apparels Private Limited" under the provisions of the Companies Art. 1956 vide Certificate of Incorporation dated January 21. 2010 bearing Registration No.199178.in Mumbai,. Maharashtra Subsequently our Company was converted into a public limited company vide fresh certificate of incorporation dated September 05,2013 and consequently The name of our Compary was changed to "Momai Apparels Limited'. The Corporate Identification Number of our Company is U18109MH2010PLCl99178. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 160 of this Prospectus.
Registered Officer Shop No 305-309, 3rd Floor, Pacific
Plaza Plot No 570 TPS IV off B.S. Rod Mahim Division DadarWest, Mumbai 400028 Tel.No:+91
022 24331551; Fax No.: +91 022 24331551; E-mail: Investors@momaiapparels.com; Website: www.momaiapparels.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 38,46.400 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM Of RS.68 PER EQUITY SHARE) AGGREGATING RS.3000.192 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 24,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY OUR PROMOTER (THE "PROMOTER'S CONTRIBUTION") AND 1,93,600 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 PROMOTER'S CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION I.E ISSUE OF 36,28.800 EQUITY SHAH ES OF FACE VOW E OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.66 PERCENT AND 25.15 PER CENT RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY
ISSUE PRICE: RS 78 PER EQUITY SHARE THE FACE VALUE OF THE EQUITY SHARE IS RS 10 EACH.
This being an issue for Equity Shares representing more than 25% of the post-Issue equity share capital or our Company. Equity Shares will be offered to the public for subscription in accordance with Rule l9(2)(b)(i) of the Securities Contracts (Regulation) Rules.1957.as amended and is being made through a Book Building Process in accordance with Chapter XB of the Securities and Exchange Board of India (issue of Capital and Disclosure Requirements) Regutalions. 2009 as amended.
All potential investors may participate in the issue through an
Application Supported by Blocked Amount ("ASBA") process providing details about
the bank Account which will be blocked by the Self Certified Syndicatc Banks
("SCSBs") For the same, for details in this regard, specific attention is
invited to "Issue Procedure" beginning on page 263 of this Prospectus.
Final Demand: The final demand at different bid prices is as under:
The Basis of Allotment was fnalized in consultation with the Designated Stock Exchange, being NSE on October 10, 2014.
A. Allotment as per the NSE to Retail Individual Bidders (After Technical Rejections): The Basis of Allotment to the Retail Individual Bidders. who have bid at cut-off or above the issue Price of Rs. 78 per Equity Share was finalized in consultation with NSE. This category has been subscribed to the extent of 2.215168 times. The total number of Equity Shares allotted in Retail Individual Bidders category is 18,14,400 Equity Shares to 1,134 successful applicants. The categrory-wise details of the Basis of Allotment are as under:
B. Allotment to Non-lnstitutional Bidders (After Technical Rejections): The Basis of Allotment to the Non-Institutional Bidders, who have bid at or above the Issue Price of Rs.78 per Equity Share, was finalized in consultation with NSE.This category has been subscribed to the extent of 1.040564 times The total number of Equity Shares allotted in this category is 18,14,400 Equity Shares to 78 successful applicants. The category- wise details of the Basis of Allotment are as under:
C. Allotment to Market maker: The Company has allocated 1,93,600 Equity Shares to 1 Market Maker. In accordance with the SEBI (ICDR) Requlations,this represents 5.03% of the Issue size.
D. Promoter's Contribution: The Company has allocated 24000 Equity Shares to the Promoter Reserved under Promoter Contribution.
The Board of Directors of our Company at its meeting held on October 13,2014 has taken on record the basis of allotment of Equity Shares approved by the Designated stock exchange, being NSE and has allotted the Equity Shares to various successful applicants.
The refund orders and allotment advice will be dispatched to the address of the investors as registered with the depositories on October 14. 2014. Further, instructions to the SCSBs have been mailed on October 11,2014. In case the same is not received within ten days, investors may contact at the address given below. The Refund Advice has been over-printed with the bank account details as registered, if any, with the depositories The Equity Shares allotted to successful allottees have been uploaded on October 13, 2014 for credit into the respective beneficiary accounts subject to validation of the account details with the depositores concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE within 12 working days or the closure of the Issue. The trading is proposed to commence on or before October 16,2014 subjecd to receipt of listing and trading approvals from NSE Limited.
INVESTORS PLEASE NOTE
The details of the allocation made will be hosted on the website of Registrar to the Issue. Link Intime India Private Limited at http:// www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant. serial number of the bid-cum-application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
LINK INTIME Intime India Private Limited
THE LEVEL OF SUBSCRIPTlON SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MOMAI APPARELS LIMITED