|Basis of Allotment|
(This is only an advertisement for Information purposes end not a Prospectus announcement.)
CAPTAIN PIPES LIMITED
Corporate Identity Number:- U25191GJ2010PLC059094
Our Company was originally incorporated on January 05, 2010, as "Captain Pipes Private Limited" under the provisions of ths Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Havelli. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Annual General Meeting of the Company held on August 26, 2014 and the name of our Company was changed to "Captain Pipes Limited" pursuant to issuance of fresh Certificate of Incorporation dated September 23, 2014 issued by the Registrar of Companies, Gujarat, Ahmedabad. For details of the changes in our name and registered office,. please see section titled "History and Certain Corporate Matters"on page 104 of the Prospectus.
Registered Office & Works: Survey No. 257, Plot No.
23 to 28, N.H. 8-B, Shapar - Varaval, Rajkot - 360002, Gujarat, India.
PROMOTERS OF THE COMPANY; MR. RAMESH D.KHICHADIA, MR. GOPAL D. KHICHADIA AND CAPTAIN POLYPLAST LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 11,01,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH OF CAPTAIN PIPES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 30.00 PER EOUITY SHARE) ("ISSUE PRICE'') AGGREGATING TO RS. 440.40 LAKHS ("THE ISSUE"), OF WHICH 57,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH, AGGREGATING TO RS. 22.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 40.00 PER EQUITY SHARE AGGREGATING TO RS. 417.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.48% AND 25.10%, RESPECTIVELY OF THE POST ISSUE PAID UP EOUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 228 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 235 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 40.00 THE ISSUE PRICE IS 4 TIMES OF THE FACE VALUE.
ISSUE OPENED ON WEDNESDAY, NOVEMBER 26, 2014
PROPOSED LISTING: DECEMBER 11, 2014
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, we are not required to abtain an in-principle listing approval for the shares being offered in the issue. However, our Company has received an in-principle approval letter dated November 10, 2014 from BSE for using its name in the offer document for lisling of our shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited. The tracing is proposed to be commenced with effect from December 11, 2014*.
'Subject to receipt of listing and trading approvals fom 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").
The Issue has received 536 applications for 20,01,000 Equity Shares resulting in 1.82 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:
Details of the Applications Received (Before Technical Rejection & After Cheque Return):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 08, 2014.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The tetal number of shares allotted in this category is 57,000 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. 40.00 per Equity Share, was finalised in consultation with BSE, The category was subscribed by 1.84 times, The total number of shares allotted in this category is 7,77,000 Equity Shares to 259 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal):
The Basis of Allotment to Other than Retail Individual Investors, at the issue price ot
Rs. 40.00 per Equity Share, was finalized in consultation with BSE. The category was
subscribed 1.84 times The total number of shares allotted in this category is 2,67,000
Equity Shares to 51 successful applicants.
The Board of Directors of the Company at its. meeting held on December 09, 2014 has taker, on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimation are being dispatched to the address ot the Applicants as registered with the depositories on or before December 10, 2014. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to December 10, 2014. For other applicant Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact Registrar 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 Snares 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 November 12, 2014 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole apolicants, 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 ot the Registrar given below:
SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
THE LEVEL OF SUBSCHIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRlCE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF CAPTAIN PIPES LI METED.