|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement)
HEC INFRA PROJECTS LIMITED
Our Company was incorporated as "HEC Infra Projects Private Limited" under
the provisions of the Companies Act, 1956 vide certificate of incorporation dated October
06, 2005 issued by Registrar of Companies, Ahmedabad, Gujarat bearing registration No.
046870. Further our Company was converted into a Public Limited Company and fresh
Certificate of Incorporation consequent to conversion was issued on October 01, 2014 by
the Registrar of Companies, Ahmedabad, Gujarat and consequently the name of our Company
was changed to "HEC Infra Projects Limited". The Corporate Identification Number
of Our Company is L45200GJ2005PLC046870. 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 116 of the Prospectus. Registered Office: Sigma-1
Corporates, Corporate House No. 6, Sindhu Bhavan Road, Nr. Mann Party Plot Cross Road,
Bodakdev, Ahmedabad, Gujarat-380054, India.
PROMOTERS OF OUR COMPANY: MR. GAURANG PARMANAND SHAH AND MRS. RUPAL GAURANG SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 5,38,800 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF HEC INFRA PROJECTS LIMITED ("HEC" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 100 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 90 PER EQUITY SHARE AGGREGATING RS 538.80 LAKHS (THE "ISSUE") BYOUR COMPANY, OF WHICH 27,600 EQUITY SHARES OF RS 10 FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BYMARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 5,11,200 EQUITY SHARES OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE WILL CONSTITUTE 26.57% OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE INFORMATION" BEGINNING ON PAGE 216 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. THE ISSUE PRICE IS RS
100 THE ISSUE PRICE IS 10.00 TIMES THE FACE VALUE.
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, the Company is not required to obtain an in-principle listing approval for the shares being offered in this Issue. However, the Company has received an in-principle approval letter dated February 25,2016 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Wednesday, March 30,2016.*
'Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants participated 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 410 applications for 986400 Equity Shares resulting in 1.83
times subscription (including reserved portion of Market Maker). The details of the
applications received in the Issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical
grounds 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 - National Stock Exchange of India Limited on March
C) Allocation to Non - Retails Category (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 100 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.99 times. The total number of shares allotted in this category is 255600 Equity Shares to 34 successful applicants. 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 22,
2016 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 has authorized
the corporate action for the transfer of the Equity Shares to various successful
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
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 HEC INFRA PROJECTS LIMITED.