|Basis of Allotment|
is only an advertisement for Information purpose. This is not a Prospectus announcement
and does not constitute an invitation or offer to acquire, purchase or subscribe for
securities. Not for publication or distribution, directly or indirectly outside India.)
ACCURACY SHIPPING LIMITED
Our Company was originally incorporated as "Accuracy Shipping Private
Limited" at Gandhidham, Gujarat, as a private limited company under the provisions of
the Companies Act, 1956 vide Certificate of Incorporation dated October 24, 2008 bearing
Corporate Identification Number U52321GJ2008PTC055322 issued by Registrar of Companies,
Gujarat at Dadra and Nagar Havelli. Our Company was converted in to Public Limited Company
pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company
held on January 31, 2018 and the name of our Company was changed to Accuracy Shipping
Limited and a Fresh Certificate of incorporation consequent upon conversion of company to
Public Limited dated February13, 2018 was issued by Registrar of Companies, Gujarat. The
Corporate Identification number of our Company is U52321GJ2008PLC055322.
Registered Office: Survey No 42 Plot No 11, Meghpar Borichi,
Anjar, Kachchh- 370110 Gujarat, India. Corporate Identification Number: U52321GJ2008PLC055322.Tel:
PROMOTERS OF OUR COMPANY: VIJAY TRIPATHI & RAMA TRIPATHI
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 42,57,600 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 84/- PER EQUITY SHARE ("THE ISSUE PRICE"), (INCLUDING ASHARE PREMIUM OF RS. 74/- PER EQUITY SHARE), AGGREGATING RS. 3,576.36 LAKHS ("THE ISSUE"), OF WHICH 2,17,600 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 84/- PER EQUITY SHARE, AGGREGATING RS. 182.78 LAKHS WAS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 40,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 84/- PER EQUITY SHARE, AGGREGATING RS. 3,393.60 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.28 % AND 26.63 % RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISKS TO INVESTORS:
I. As on date of the Prospectus, the average cost of acquisition per Equity Share by
our Promoters viz. Vinay Tripathi & Rama Tripathi is Rs. 10.00 and Rs. 6.41
All Investors have participated in this Issue through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 231 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
In terms of Rule 19(2) (b) (i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") the Issue is being made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ("SEBI (ICDR) Regulations"), wherein 49.98% of the Net Issue was available for allocation on a proportionate basis to QIBs, provided that our Company, in consultation with the BRLM have allocated 58.95% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in the Anchor Investor Portion, the remaining Equity Shares shall be added to the QIB Portion. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion (excluding Anchor Investor Portion) was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, 15.01 % of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35.01 % of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All investors (except Anchor Investors) shall participate in this Issue mandatorily through the Applications Supported by Blocked Amount ("ASBA") process by providing details of their respective bank accounts which will be blocked by SCSBs. For further details please refer the section titled 'Issue Information' beginning on page 221 of the Prospectus.
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an in principal approval letter dated April 20,2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue National Stock Exchange of India Limited shall be the Designated Stock Exchange.
The Issue has received 1256 applications for 40,09,600 Equity shares (Before Technical Rejections, Multiple Rejections but after bids not banked Invalid Bids Multiple, Invalid Bids Duplicate) including Market Maker Application of 2,17,600 Equity Shares. The issue was subscribed to the extent of 1.31 times as per the application data (before technical rejection, multiple rejections, but after bids not banked, Invalid Bids Multiple, Invalid Bids Duplicate). After considering the technical rejections cases, the issue was subscribed 1.29 times (including Market Maker Portion)
The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids)
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on June 20, 2018.
A. Allocation to Market Maker (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times.The total number of shares allotted in this category is 2,17,600 Equity shares in full out of reserved portion of 2,17,600 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed 1.37 times. Total number of shares allotted 14,14,400. Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Non Institutional Investor (After Technical Rejection and Multiple Rejections): The Basis of Allotment to Non Institutional Investors, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subcribed by 1.63 times. Total number of shares allotted in this category is 6,06,400 Equity Shares. The category wise basis of allotment is as under:
D. Allocation to Qualified institutional investor (Excluding Anchor investors and After Technical Rejection and multiple rejections): Qualified Institutional Investor (Excluding Anchor Investors), at the issue pnce of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. Total number of shares allotted in this category is 8,28,800 Equity Shares. The category wise basis of allotment is as under:
* As per prospectus June 18, 2018, the issue is 100% underwriting agreement March 20,
2018. AS QIB category is undersubcribed to the extend of 27,200 share, the underwriter is
obliged to subscribe the unsubscribed portion in terms of the cited underwriting
agreement. Hence, the Underwriter has brought in Rs. 22,84,800/- for 27,200 Equity shares
at the rate of Rs.84.00 (cut off price) per Equity Share by transferring funds in to
public issue account no. 000405116650 having account title ACCURACY SHIPPING LIMITED -
PUBLIC ISSUE ACCOUNT with ICICI Bank on June 19, 2018, which has accordingly considered
while doing basis of allotment under QIB portion. Accordingly, 27, 200 equity shares
pursuant to the aforesaid underwriting obligation shall be allotted to the Underwriters
viz., Pantomath Capital Advisors Private Limited.
E. Allocation to Anchor Investors: Our Company in consultation with the BRLM has allocated 11,90,400 Equity Shares to 1 Anchor Investors (through 1 application) at the Anchor Investor Issue Price of Rs. 84/- per Equity Share in accordance with SEBI ICDR Reoulations. This represents 58.95% of the QIB Portion after adjusting Lot size:
The Board of Directors of the Company at its meeting held on June 20, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on June 20, 2018 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before June 22, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
Link Intime India Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OFTHE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ACCURACY SHIPPING