|Basis of Allotment|
is only an advertisement for information purposes and not a prospectus announcement)
BOMBAY SUPER HYBRID SEEDS LIMITED
Our Company was originally Incorporated as "Jadavjibhai Devrajbhal Patel" a partnership firm formed and registered under the provisions of the Partnership Act, 1932 (Reg. No. - GUJ-RJT-71371) on April 01, 2000, further the name of the Partnership firm was changed to "Patel Jadavjibhai Devrahbhai" vide Partnership deed dated October 01, 2012. Subsequently, the name of the Partnership Firm was changed to "Bombay Super Agriseeds vide Partnership deed dated April 01, 2014. Subsequently, the name of the Partnership Firm was changed to "Bombay Super Hybrid Seeds vide Partnership deed dated June 28, 2014. Subsequently, the partnership firm was converted into Company and the name was changed to "Bombay Super Hybrid Seeds Private Limited" on July 28, 2014 under the provisions of Companies Act, 2013 vide certificate of incorporation issued by the Registrar of Companies, Ahmedabad, Gujarat,. Subsequently, pursuant to shareholders resolution passed in the Extra-ordinary General Meeting held on August 21, 2017 our Company was converted into a public company and consequently name was changed to "Bombay Super Hybrid Seeds Limited" vide fresh certificate of incorporation dated September 14, 2017 issued by Registrar of Companies, Ahmedabad, Gujarat. For further details about the Company, please refer section titled "History and Certain Corporate Matters" on page 168 of the Prospectus.
Corporate Identification Number: U01132GJ2014PLC080273
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 17,32,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF BOMBAY SUPER
HYBRID SEEDS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A
PRICE OF RS 60 PER EQUITY SHARE ("ISSUE PRICE") AGGREGATING TO RS 1039.20 LAKHS
("THE ISSUE"), OF WHICH 88,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR A
CASH PRICE OF RS 60 PER EQUITY SHARE, AGGREGATING TO RS 52.80 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 16,44,000 EQUITY SHARES OF FACE
VALUE OF RS 10 EACH AT AN ISSUE PRICE OF RS 60 PER EQUITY SHARE AGGREGATING TO RS 986.40
LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET
ISSUE WILL CONSTITUTE 26.41% AND 25.07%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY
SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED
"TERMS OF THE ISSUE" BEGINNING ON PAGE 279 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 60
PROPOSED LISTING: APRIL 25, 2018
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of NSE ("NSE EMERGE Platform"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, our Company has received an in-principle approval letter dated March 22, 2018 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE. For the purpose of this Issue, the Designated Stock Exchange will be the NSE. The Trading is proposed to be commenced from Wednesday, April 25, 2018, subject to receipt of listing and trading approvals from the National Stock Exchange of India 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 5963 applications for 1,49,98,000 equity shares resulting in
8.66 times subscription (including reserved portion of Market maker).
The details of applications rejected by the Registrar on technical grounds are detailed below:
After eliminating technically rejected applications, the following table gives 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 April 20, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 60 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 88,000 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 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 13.88 times. The total number of shares allotted in this category is 12,66,000 Equity Shares to 633 successful applicants.
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 Basis of Allotment to the Non Retail Investors, at the issue price of 60 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 4.14 times. The total number of shares allotted in this category is 3,78,000 Equity Shares to 106 successful applicants.
The Board of Directors of the Company at its meeting held on Saturday, April 21, 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 (NSE) 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 April 23, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 23, 2018. 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 NSE EMERGE Platform within six working days from the date of the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinerta. 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:
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 Bombay Super Hybrid Seeds Limited.