This
is only an advertisement for Information purposes and not a Prospectus announcement)
CONTINENTAL
SEEDS AND CHEMICALS LIMITED
Corporate Identity Number: U01111DL1983PLC015969
Our Company was originally incorporated at New Delhi as "Terai Beej Private
Limited" on 22nd June, 1983 under the provisions of the Companies Act 1956 vide
Certificate of Incorporation issued by the Registrar of Companies, Delhi & Haryana.
Consequent, upon the conversion of our Company into public limited company, the name of
our Company was changed to "Terai Beej Limited" and fresh certificate of
incorporation dated 7th May, 1986 was issued by the Asstt. Registrar of Companies, Delhi
& Haryana. Subsequently, the name of the Company was changed to "Continental
Seeds and Chemicals Limited" vide Fresh Certificate of Incorporation dated 6th May,
1936 issued by Addl. Registrar of Companies, Delhi & Haryana, For further details of
incorporation, change of name and registered office of our Company, please refer to
chapter titled "General Information' and "Our History and Certain Other
Corporate Matters* beginning on pages 51 and page 129 respectively of the Prospectus.
Registered Office: Lower Ground Floor, Plot No. 38
Okhla Phase 3, South Delhi, New Delhi 110020. | Tel: 011 - 40523652
Works: Ram Raj Road, Bazpur. Distt. Udhamsingh Nagar, Uttrakhand -
262401. and
Village- Rahiya, Opp. Roadways work shop on Kanpur Orai Highway, Orai, Distt. Jallaun,
Utter Pradesh
E-mail; info@continentalseeds.co.in
| Website: www.continentalseeds.co.in
| Company Secretary & Compliance Officer; Mr. Abhnav Mishra
PROMOTER OF OUR COMPANY: MR. PRAVEEN RASTOGI
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 16,20,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH
("EQUITY SHARES") OF CONTINENTAL SEEDS AND CHEMICALS LIMITED (THE
"COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 26 PER EQUITY
SHARE, INCLUDING A SHARE PREMIUM OF RS 16 PER EQUITY SHARE (THE "ISSUE PRICE"),
AGGREGATING TO RS 421.20 LAKHS ("THE ISSUE") OF WHICH 84.000 EQUITY SHARES OF
FACE VALUE OF RS10 EACH FOR CASH AT A PRICE OF RS 25 PER EQUITY SHARE. AGGREGATING RS
21.84 LAKHS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE ( THE "MARKET
MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E.
ISSUE OF 15,36,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH CASH AT A PRICE OF RS 26 PER
EQUITY SHARE, AGGREGATING RS 399.36 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% AND 25.69% RESPECTIVELY OF
THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 1st March, 2018 and as per Regulation 43 (4) of SEBI (ICDR)
Regulations. 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made
available to shall be initially made available to Retail Individual Investors as the case
may be. 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 fifty
percent, on proportionate basis, the retail individual investors shall be allocated that
higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE
PRICE IS RS 26 EACH,
THE ISSUE PRICE IS 2.60 TIMES OF THE FACE VALUE.
ISSUE OPENED ON 21st MARCH, 2018 AND CLOSED ON 23rd MARCH, 2018
The Equity Shares offered through the Prospectus are Proposed to be listed on the
EMERGE platform of National Stock Exchange of India Limited ("NSE") in terms of
the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company
has received In-Priciple approval letter dated 2nd February 2018 from NSE for using its
name in the offer document for listing of our Shares on the EMERGE platform of NSE. The
designated stock exchange is National Stock Exchange of India Limited
("NSE").
All Applicants are mandatorily 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 463 applications for 22,48,000 Equity Shares (Including Market
Maker Application of 84.000 Equity Shares) resulting 1.388 times subscription. Nine (9)
applications of aggregating 2.96.000 Equity Shares were not banked hence 454 applications
for 19,52,000 Equity Shares (Including Market Maker Application of 84.000 Equity Shares)
resulting 1.205 times subscription was considered. The details of the applications
received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejections):
Category |
Number of Applications |
Number of Equity Shares |
Subscription |
Market Maker |
1 |
84,000 |
1.000 |
Other than Retail individual investor's |
6 |
80,000 |
0.104 |
Retail Individual Invests |
447 |
17,88,000 |
2.328 |
TOTAL |
454 |
19,52,000 |
1.205 |
The details of applications rejected by the Registrar on technical grounds are
detailed below:
Category |
Number of Applications |
Number of Eguity Shares |
Market Maker |
Nil |
Nil |
Other than Retail individual investor's |
Nil |
Nil |
Retail individual Investor's |
14 |
56,000 |
TOTAL |
14 |
56,000 |
Details of the Valid Applications Received (After Technical Rejections):
Category |
Number of Applications |
Number of Equity Shares |
Subscription |
Market Maker |
1 |
84.000 |
1.000 |
Other than Retail Individual Investor's |
6 |
80.000 |
0.104 |
Retail Individual Investor's |
433 |
17,32,000 |
2.255 |
TOTAL |
440 |
18,96,000 |
1.170 |
Allocation: The Basis of Allotment was finalised in consultation with
the Designated Stock Exchange - National Stock Exchange of India Limited ("NSE")
on 28th March. 2018.
A) Allocation to Market Maker (After Technical Rejection): The Basis of
Allotment to the Market Maker, at the Issue price of Rs 20 per Equity Share, was-
finalised in consultation with NSE. The category was subscribed by 1.000 time. The total
number of shares allotted in this category is 84,000 Eguity shares in full out of reserved
portion of 84,000 Equity Shares.
B) Allocation to Non Retail Investors (After Technical Rejections): The
Basis of Allotment to the Non Retail Investors, at the Issue price of Rs 26 per Equity
Share, was finalized in consultation with NSE. The category was subscribed by 0.104 times.
Total number of shares allotted in this category is 80,000 Equity Share against reserved
7,68,000 Equity Shares. Balance 6,88,000 Equity Shares has been spilled over to Retail
Category. The category wise basis of allotment is as under:
No. of Shares
Applied for
(Category wise) |
No. of
Applications |
%
to Total |
Total No.
of Equity Shares
Applied |
%
of Total |
Proportionate
Shares
Available |
Allocation Per
Applicant (before
rounding off) |
Allocation Per
Applicant (after
rounding off) |
Ratio of Allotees
to the
Applicants |
Total No.
of Equity Shares
allotted |
Surplus/
Deficit) |
8,000 |
2 |
33.33 |
16,000 |
20.00 |
13,861 |
1,53,600 |
76,800 |
FIRM |
16,000 |
(1,37,600) |
12,000 |
2 |
33.33 |
24,000 |
30.00 |
4,158 |
1,30,400 |
1,15,200 |
FIRM |
24,000 |
(2,06,400) |
16,000 |
1 |
16.67 |
16,000 |
20.00 |
5,545 |
1,53,600 |
1,53,600 |
FIRM |
16,000 |
(1,37,600) |
24,000 |
1 |
16 67 |
24,000 |
30.00 |
1,16,436 |
2,30,400 |
2,30,400 |
FIRM |
24,000 |
(2,06,400) |
TOTAL |
6 |
100 |
80,000 |
100 |
1,40,000 |
|
|
|
80,000 |
(6,88,000) |
C) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of
Allotment to the Retail Individual Investors, at the Issue price of Rs 26 per Equity
Share, was finalized in consultation with NSE. The category was subscribed by 2.255 times.
Total number of shares allotted in this category is 14,56,000 Equity Shares after taking
spill over of 6,88,000 Equity Shares from Non Retail Category The category wise basis of
allotment is as under:
No. of Shares
Applied for
(Category wise) |
No. of
Applications |
%
to Total |
Total No.
of Equity Shares
Applied |
%
of Total |
Proportionate
Shares
Available |
Allocation Per
Applicant (before
rounding off) |
Allocation Per
Applicant (after
rounding off) |
Ratio of Allotees
to the
Applicants |
Total No.
of Equity Shares
allotted |
4000 |
433 |
100 |
17,32,000 |
100 |
14,56,000 |
3362.59 |
4000 |
58:69 |
14,56,000 |
TOTAL |
433 |
100 |
17,32,000 |
100 |
14,56,000 |
|
|
14,56,000 |
The Board of Directors of the Company at its meeting held on 28th March, 2018 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity
Shares / dispatch of share certificates to various successful applicants.
The allotment advice cum refund Intimation will be dispatched to the address of the
Applicants as registered with the depositories. Further, the instructions to Self
Certified Syndicate Banks being processed on or before 2nd April, 2018. 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 EMERGE
Platform of NSE within Six working days from the date of the closure of the Issue. The
trading is proposed to be commenced on or before 4th April, 2018 subject to receipt of
listing and trading approvals from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the issue. MAS Services Limited at 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 ASBA
Bank details at the address of the Registrar given below:
MAS SERVICES LTD
T-34, 2nd Floor. Okhla Industrial Area. Phase - II. New Delhi -110020.
Tel: +91-11-26387281/82/83 | Fax : +91-11-26387384
Email: info@masserv.com | Website: www.masserv.com
Contact Person: Mr. Sharwan Mangla | SEBI Registration No:
INR000000049
Place : Delhi
Date : April 02, 2018 |
For Continental Seeds and Chemicals Limited
Sd/-
Praveen Rastogi
Managing Director
DIN:01414608 |
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 CONTINENTAL
SEEDS AND CHEMICALS LIMITED.
Note: All capitalised terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus. |