|Basis of Allotment|
is only an advertisement for information purposes and not a prospectus announcement)
ATHENA CONSTRUCTIONS LIMITED
Registered Office: 203, Shyam Kamal, A Wing, Tejpal Road, Vile
Parle (East) Mumbai - 400 059;
Company Secretary and Compliance Officer: Ms. Sudha Jain
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 25,00,000 EQUITY SHARES OF RS.10 EACH ("EQUITY SHARES") OF ATHENA CONSTRUCTIONS LIMITED ("ACL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.10 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS.250.00 LACS ("THE ISSUE"), OF WHICH 1,30,000 EQUITY SHARES OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 23,70,000 EQUITY SHARES OF RS.10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.33% AND 31.60%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated 17th March, 2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE
PRICE IS RS.10 EACH.
The Equity Shares offered through the 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, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 2nd February, 2015 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is 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").
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below;
Detail of Applications Received (After Technical Rejection and withdrawal)
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 10th April, 2015
A) Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.10 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,30,000 Equity shares in full out of reserved portion of 1,30,000 Equity Shares.
B) Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.467 times. Total number of shares allotted in this category is 6,00,000 Equity Shares. The category wise basis of allotment is as under.
C) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.441 times, Total number of shares allotted in this category is 17,70,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 11th April, 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 14th April, 2015. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 14th April, 2015. In case the same is not received within 10 days, 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 Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 16th April, 2015 subject to receipt of listing and trading approvals from BSE Limited.
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
Unit No. 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg, Opp. Kasturba Hospital
Lane, Lower Parel (E), Mumbai - 400 011 P Tel: +91 22 23016761/8261; Fax:
+91 22 23012517
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 ATHENA CONSTRUCTIONS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.