|Basis of Allotment|
|(This is only an advertisement for information purpose and not a prospectus announcement.)|
|A-1 ACID LIMITED|
|The Corporate Identification Number of our Company is U24119GJ2004PLC044011|
Our Company was originally incorporated as A-1 Acid Private Limited under the Companies Act, 1956 and a certificate of incorporation was issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli on April 22, 2004. Our Company was subsequently converted into a public limited Company pursuant to special resolution passed at the Extra Ordinary General Meeting of our Company held on January 22, 2018 and the name of our Company was changed to A-1 Acid Limited A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Assistant Registrar of Companies, Ahmedabad, Gujarat dated January 29, 2018. For further details of our Company, please refer "General Information" and "History and Certain Other Corporate Matter" on page numbers 32 and 78 respectively of the Prospectus.
|Registered Office: Corporate House No. A-1. Shivalik Business Centre, B/h Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad-380059, Gujarat, India.|
|Contact Person: Aanal Patel, Company Secretary and Compliance Officer, Tel: +91-79-40091111|
|Website: www.a1acid.com; E-mail: firstname.lastname@example.org|
|PROMOTERS OF THE COMPANY: HARSHADKUMAR PATEL AND JITENDRA PATEL|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH (THE "EQUITY SHARES") OF A-1 ACID LIMITED ("OUR COMPANY" OR "AAL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 60.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 50.00 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO RS. 1800.00 LAKHS ("THE ISSUE") OF WHICH 1,56,000 EQUITY SHARES AGGREGATING TO RS. 93.60 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 28,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10 00 AT AN ISSUE PRICE OF RS. 60 00 EACH AGGREGATING TO RS. 1706.40 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.00% AND 28.44%. RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 147 OF THE PROSPECTUS.
THE ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009 (THE "SEBI ICDR REGULATIONS"). AS AMENDED. THE 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 154 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE OF RS. 60.00 IS 6.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON TUESDAY, SEPTEMBER 25, 2018 AND CLOSED ON MONDAY, OCTOBER 01, 2018
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations. 2009 as amended from time to time. Our Company has received an approval letter dated September 10, 2018 from BSE Limited for using its name in the offer document for listing of our Shares on the BSE SME. The designated stock exchange is BSE Limited ("BSE").The trading is proposed to be commenced on or about October 10, 2018*.
*Subject to receipt of listing and trading approvals from BSE Limited.
All Applicants were allowed to participate in the Issue through Application Supported by Blocked Amount ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 948 applications for 5104000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 1,56,000 Equity Shares) resulting in 1.70 times subscription, After considering Technical Rejection cases, the issue was subscribed 1.70 times (including the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
|Number of Applications||% to Total||Number of Equity Shares||% to Total||Subscription (Times)|
|Retail Individual Investors||871||91.88||17,42,000||34.13||1.23|
|Other than Retail Individual Investors||76||8.02||32,06,000||62.81||2.25|
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
|Number of Applications||No. of Equity Shares|
|Retail Individual Investors||5||10,000|
|Other than Retail Individual Investors||NIL|||
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
|Number of Applications||% to Total||Proportionate Shares Available||No. of Valid Shares applied||% of Total Applied||Subscription (Times)|
|Retail Individual Investors||866||91.83||14,22,000||17,32,000||34.00||1.22|
|Other than Retail Individual Investors||76||8.06||14,22,000||32,06,000||62.94||2.25|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 05, 2018
|A.||Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 60.00 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 1,56,000 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. 60.00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.22 times Total number of shares allotted in this category is 14,22,000 Equity Shares to 711 successful applicants.|
The category wise details of the Basis of Allotment are as under:
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to Total||Total No. of Shares applied in each category||% to Total||Proportionate Shares Available||Allocation per Applicant (before Rounding Off)||Allocation per Applicant (after Rounding Off)||Ratio of Allottees to the Applicants||Number of Successful applicants (after rounding off)||Total No. of Equity Shares allocated /allotted||No. of Shares Surplus /Deficit|
|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 of Rs. 60 00 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2 25 times. Total number of shares allotted in this category is 14,22,000 Equity Shares to 73 successful applicants.|
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to Total||Total No. of Shares applied in each category||% to Total||Proportionate Shares Available||Allocation per Applicant (before Rounding Oil)||Allocation per Applicant (after Rounding Off)||Ratio of Allottees to the Applicants||Number of Successful applicants (after rounding off)||Total No. of Equity shares allocated/allotted||No. of Shares Surplus /Deficit|
|8000||8||10.53||64000||2.00||28386 77||3548 35||4000||7:8||7||28000||(386.77)|
The Board of Directors of the Company at its meeting held on October 05, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited (BSE) and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants
The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on October 09, 2018. Further, the instructions to Sell Certified Syndicate Banks being processed on October 06, 2018. In case the same is not received within prescribed time, 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 the SME Platform of BSE Limited within Six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 18,2018 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue CAMEO CORPORATE SERVICES LIMITED at www.cameoindia.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:
|CAMEO CORPORATE SERVICES LIMITED|
|Subramanian Building, 1 Club House Road, Chennai-600 002.|
|Tel : +91-44-28460390; Fax : +91-44-28460129;||For, A-1 ACID LIMITED|
|E-mail: email@example.com, Website: www.cameoindia.com||On behalf of the Board of Directors|
|Contact Person: R. D. Ramasamy, SEBI Registration No: INR000003753||Sd/-|
|Date : October 05, 2018||Harshadkumar Patel|
|Place: Ahmedabad||Managing Director|
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF A-1 ACID LIMITED.