|Basis of Allotment|
only an advertisement for Information purpose and not a Prospectus announcement)
MAHABIR METALLEX LIMITED
Corporate Identity Number: U28112DL2003PLC118413
Our Company was incorporated as 'Apollo Fittings Private Limited' under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 10,2003 bearing Registration No. 118413, in New Delhi. Subsequently, the name of our Company was changed to Mahabir Metallex Private Limited vide fresh Certificate of Incorporation dated January 13,2014. Further, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated February 07,2014 and consequently the name of our Company was changed to Mahabir Metallex Limited. The Corporate Identification Number of Our Company is U28112DL2003PLC118413. For details of change in registered office of our Company please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 99 of the Prospectus.
Registered Office: A-3, NDSE, Part I, New Delhi, Delhi
PROMOTERS OF THE COMPANY: MR. MANOJ GUPTA AND MRS. ANJU GUPTA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 39,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FULLY PAID OF
MAHABIR METALLEX LIMITED ("MAHABIR" OR THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE AT PAR (THE
"ISSUE PRICE") AGGREGATING Rs 390.00 LAKHS (THE "ISSUE") BY OUR
COMPANY, OF WHICH 2,00,000 EQUITY SHARES OF RS 10/- FULLY PAID EACH WILL BE RESERVED FOR
SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION").
THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 37,00,000 EQUITY SHARES
OF Rs 10/- EACH FULLY PAID IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE
ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.39% AND 35.48%, RESPECTIVELY OF THE POST ISSUE
PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH. THE ISSUE
PRICE IS RS 10/-.
PROPOSED LISTING: FRIDAY, MARCH 27,2015
The Equity Shares offered through the Prospectus are proposed to be listed on the BSE SME Platform. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval for the shares being offered in the issue. However, our Company has received an approval letter dated December 18,2014 from BSE for using its name in the offer document for listing of the Equity Shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced with effect from Friday, March 27,2015.
"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 149 applications for 46,70,000 Equity Shares resulting in 1.20 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 March 20,2015.
A Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category are 2,00,000 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 Rs10/- per Equity Share, was finalised in
consultation with BSE. The category was subscribed by 0.778 times. The total number of
shares allotted in this category are 14,40,000
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 Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on March 20,2015 has taken 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 of the Applicants as registered with the depositories on or before March 24,2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 25,2015. In case the same is not received within ten days, investors may contact Registrar 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 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 February 16,2015 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com. 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 Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:
BIGSHARE SERVICES PRIVATE LIMITED
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 THE MAHABIR METALLEX LIMITED.