|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement)
AANCHAL ISPAT LIMITED
Our Company was incorporated as 'Vinita Projects Private Limited' a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated January 30,1996 issued by the Registrar of Companies, West Bengal.The name of our Company was changed to 'Aanchal Ispat Private Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated November 29,2012, issued by the Registrar of Companies, West Bengal. Our Company was converted into a public limited company under the Companies Act and the name of our Company was changed to 'Aanchal Ispat Limited' pursuant to certificate of incorporation consequent upon conversion to public limited company dated August 21,2014,issued by the Registrar of Companies, West Bengal. Our corporate identification number is U27106WB1996PLC076866. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 33 and 85, respectively, of the Prospectus.
Registered Office: J. L. No. 5, National Highway No. 6, Mouza
Chamrail, Howrah - 711114, West Bengal, India;
PROMOTER OF OUR COMPANY: MUKESH GOEL; MR. MANOJ GOEL AND PRATIK SUPPLIERS PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 80,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF AANCHAL ISPAT LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS 1,600.80 LACS ("THE ISSUE"), OF WHICH 4,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING RS 81.60 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 75,96,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING 1,519.20 LACS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.38% AND 36.43% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFER OF 75,96,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH
AND THE ISSUE PRICE OF RS 20 IS 2 TIMES OF THE FACE VALUE ISSUE
OPENED ON MONDAY, NOVEMBER 24,2014 AND CLOSED ON WEDNESDAY, NOVEMBER 26,2014
The Equity Shares offered through this 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 from time to time, we are not required to obtain an
in-principal listing approval for the shares being offered in this Issue. However, our
Company has received an approval letter dated October 14,2014 from BSE for using its name
in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the
purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed
to be commenced with effect from WEDNESDAY, DECEMBER 10,2014 *.
The Issue has received 639 applications for 1,03,20,000 Equity Shares resulting in
1.289 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 / withdrawal are detailed below:
Technical rejection / Withdrawal
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
After technical rejections
The under subscribed 19,62,000 equity shares of Retail Individual
Investors Category have been spilled over to other than Retail Individual Investors
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 20 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 4,08,000 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 20 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.483 times i.e. for 18,36,000 equity shares. Due to under subscription all the 306 valid applicants in this category have been given full and firm allotment of 6,000 equity shares each and the under subscribed portion, being 19,62,000 equity shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.
C) Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs 20 per Equity Share, was finalised in consultation with BSE. The category was subscribed 2.068 times. After adding the spill over 19,62,000 equity shares from Retail individual Investors category the category was subscribed by 1.364 times. The total number of shares allotted in this category is 57,60,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on December
6,2014 has taken on record the Basis of Allocation of Equity Shares 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.
Note: All capitalized terms used and not defined herein shall have the
respective meaning assigned to them in the Prospectus dated November 13,2014
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:
PURVA SHAREGISTRY (INDIA) 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 AANCHAL ISPAT LIMITED.