|Basis of Allotment|
(This is onlyan advertisement for information purposes and not a prospectus announcement.)
RAGHUVANSH AGROFARMS LIMITED
(Our Company was originally incorporated on December 19, 1996, as "Raghuvansh Agrofarms Limited" under the provisions of the Companies Act, 1956 with the Registrar of Companies, U.R, Kanpur and obtained the certificate for commencement of business on January 02,1997. Subsequently, the registered office of our Company was shifted from Stat of Uttar Pradesh to NCT of Delhi and a certificate of registration of the order of the Regional Director, Northern Region, dated August 13, 2013, confirming transfer of the registere office from one state to another was issued by the Registrar of Companies, NCT of Delhi & Haryana on September 26, 2013.)
Registered Office: 201 -202, Namdhari Chambers, Karol Bagh, New
Delhi, 110005.Tel. No. +91 -11 -23634461 Corporate Office: 16/19A, Civil
Lines, Kanpur, Uttar Pradesh- 208001, Tel. No. 0512 3071470-71 Contact Person: Mr.
Rajit Verma, Company Secretary and Compliance Officer Email: email@example.com; Website: www.raghuvanshagro.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 36,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 11 PER EQUITY SHARE (INCLUDING A SHARI PREMIUM OF RS. 01 PER EQUITY SHARE), AGGREGATING TO RS. 396 LACS (THE "ISSUE") BY OUR COMPANY, OF WHICH 4,00,000 EQUITY SHARES OF RS 10 EACH WOULD BE RESERVED FOR SUBSCRIPTION BY OUR PROMOTERS ("PROMOTERS' CONTRIBUTION") AND 1,80,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE PROMOTERS' CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 30,20,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE".THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.21% AND 25.34%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OFTHE COMPANY.
In terms of the Prospectus dated December 29,2014, and as per Regulation 43(4) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements Regulations, 2009, as amended from time to time, ("SEBI (ICDR) Regulations, 2009") a minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individu; Investors. The balance net offer to public category shall be available for allotment to (i) individual applicants other than retail individual investors; and (ii) other investors includin corporate bodies or institutions, irrespective of the number of specified securities applied for. Under subscription, if any, in any category would be allowed to be met with spill over fror any of the other categories, at the sole discretion of the Company, in consultation with the Lead Managers and the Designated Stock Exchange.
Explanation: For the purpose of Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, if the retail individual investor category is entitled to more than fifty percent on proportionat basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.
THE ISSUE PRICE IS RS. 11 PER EQUITY SHARE AND IS 1.1 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON JANUARY 09, 2015 AND CLOSED ON JANUARY 13, 2015
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of the BSE Limited ("BSE"). In terms of the Chapter XB of the Securities an Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approv; for the shares being offered in this issue.
However, our company has received an approval letter dated November 19,2014 from BSE for using its name in the Prospectus for listing of our shares on the SM E Platform of BSE For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE").
All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respectiv bankaccounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 290 valid applications of 44,80,000 Equity Shares (including Market Maker Application of 1,80,000 Equity Shares and Promoters' Contribution portion c 4,00,000 Equity Shares) resulting in 1.24 times subscription. There were 16 cheque return cases which have not been considered above. The details of applications received in the Issu (before technical rejections) are as follows:
Details of Applications received (beforeTechnical Rejection)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Details of Applications received (afterTechnical Rejection)
ALLOCATION: The basis of allotment was finalized in consultation with the Designated Stock Exchange i.e. BSE Limited on January 22,2015.
A. Allocation to Market Maker (AfterTechnical Rejection): The Basis of Allotment to the Market Maker, at the issue price of Rs. 11/- 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 1,80,000 Equity Shares consisting of reserved portion of 1,80,000 Equity Shares.
B. Allocation to Retail Individual Investors (AfterTechnical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 11/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.6092 times. The total number of shares allotted in this category is 18,90,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Retail Investors (AfterTechnical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 11/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.9735 times. The total number of shares allotted in this category is 11,30,000. The category wise basis of allotment is as under:
D. Allocation to Promoters (AfterTechnical Rejection): The Basis of Allotment to the Promoters, at the issue price of Rs. 11/- per Equity Share, was as per disclosure made in the Prospectus. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 4,00,000 Equity Shares consisting of reserved portion of 4,00,000 Equity Shares.
The Board of Directors of the Company at its meeting held on January 22,2015 have taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorised 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/as filled in the application form on or before January 24,2015. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to January 23,2015. 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 SME Platform of BSE Limited within 12 working days from the closure of the Issue. The trading is proposed to commence on or before January 28,2015 subject to receipt of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of allotment made would also be hosted on the website of the Registrar to
the Issue, Skyline Financial Services Private Limited at www.skylinerta.com. 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 Application Form, number of shares applied for
and Bank Branch where the application has been lodged and payment details at the address
of the Registrar to the Issue given below:
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RAGHUVANSH AGROFARMS LIMITED.
Note: Capitalised terms used and not specifically defined herein shall have the meaning given to such terms in the Prospectus.