|Basis of Allotment|
|(This is only an advertisement
for information purposes and not a prospectus announcement)
O. P. CHAINS LIMITED
Corporate Identification Number: U27205UP2001PLC026372
Promoters of our Company: Mr. Om Prakash Agarwal, Mr. Ashok Kumar Goyal & Mr. Satish Kumar Goyal
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 18,50,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH ("EQUITY
SHARES") OF 0. P. CHAINS LIMITED ("0. R CHAINS" OR "OUR
COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs 11.00/- PER EQUITY
SHARE (INCLUDING A SHARE PREMIUM OF Rs 1.00 PER EQUITY SHARE) ("ISSUE PRICE")
AGGREGATING TO Rs 203.50 LAKHS ("THE ISSUE"), OF WHICH 1,00,000 EQUITY SHARES OF
FACE VALUE OF Rs 10.00 EACH FOR CASH AT A PRICE OF Rs 11.00 PER EQUITY SHARE AGGREGATING
TO Rs 11.00 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 17,50,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH AT AN ISSUE PRICE OF Rs 11.00
PER EQUITY SHARE AGGREGATING TO Rs AND 25.54 %, RESPECTIVELY OF THE POST ISSUE PAID UP
EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE
ISSUE" ON PAGE 210 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS Rs 10.00 EACH AND THE ISSUE PRICE IS Rs 11.00. THE ISSUE PRICE IS 1.1 TIMES OF THE FACE VALUE. ISSUE OPENED ON MONDAY, MARCH 30,2015. ISSUE CLOSED ON WEDNESDAY, APRIL 08,2015.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received in-principle approval letter dated November 19, 2014 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced on or before April 23,2015.*
*Subject to receipt of listing and trading approvals from 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 180 applications for 28,30,000 equity shares resulting in
1.53 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:
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 April 16,2015
The category-wise details of the basis of allotment are as under:
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 of Rs 11.00 per Equity Share, was finalized in
consultation with BSE. The category was subscribed 1.58 times i.e. for 9,80,000 The total
number of shares allotted in this category is 6,20,000 Equity Shares to 4 successful
The Board of Directors of the Company at its meeting held on April 16,2015 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices 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 20th April, 2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been processed on or prior to 17th April, 2015. Incase the Refunds the same has been made through Direct credit /RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories. For other applicants 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 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.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated March 18, 2015 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: http://www.bighshareonline. 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 had been lodged and payment details at the address given below:
BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate. Sakivihar Road, Sakinaka. Andheri East. Mumbai- 400072
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF 0. P. CHAINS LIMITED.