|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 Not for publication or distribution, directly or indirectly outside India.)
AMBITION MICA LIMITED
Our Company was incorporated as "Ambition Mica Private Limited" in Ahmedabad, Gujarat, as a private limited company under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 19,2010 bearing registration no. 059931 issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Our Company was converted in to public company vide fresh certificate of incorporation consequent upon conversion from private to public company dated March 25,2015 issued by Registrar of Companies, Ahmedabad, Gujarat. The shares of our company got listed with the SME platform of BSE Ltd. through Initial Public offer on July 14,2015. Our corporate identification number is L25202GJ2010PLC059931. For further details of in corporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 56 and 145 of the Prospectus respectively.
Registered Office: Shop No.10, Ground Floor, Raghav
Residency, Opp. Naroda G.E.B., Dehgam Road, Naroda, Ahmedabad - 382330, Gujarat Tel
No.: +91 79 29292629; Fax No.: Not Available; E-mail:
PROMOTERS OF OUR COMPANY: VELJIBHAI PATEL AND GOVINDBHAI PATEL
BASIS OF ALLOTMENT
FURTHER PUBLIC OFFER CONSISTING OF FRESH ISSUE 30,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 32/- PER EQUITY SHARE) AGGREGATING UP TO RS. 1260.00 LAKHS (THE "ISSUE"), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE, AGGREGATING RS. 65.52 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE, AGGREGATING RS. 1194.48.LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 20.10% AND 19.06% RESPECTIVELY OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
Risks to Investors:
1. As on date of the Prospectus, the average cost of acquisition per Equity Share by
our Promoters viz. Veljibhai Patel and Gocindbhai Patel is Rs. 3.33 each. In terms of
Prospectus dated November 23,2017 and as per SEBI (ICDR) Regulations, 2009 wherein
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
The Equity Shares of our Company issued 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 In-principle approval letter dated November 3,2017 from BSE SME for using its name in the Issue document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, SME Platform of the BSE Limited shall be the Designated Stock Exchange.
The Issue has received 1,464 applications for 6,057,000 Equity shares (Before Technical Rejections, bids not banked, invalid multiple bids and invalid duplicate bids) including Market Maker Application of 1,56,000 Equity Shares. The issue was subscribed to the extent of 2.019 times as per the application data (before technical rejection, bids not banked, invalid multiple bids and invalid duplicate bids). After considering the technical rejections, bids not banked, bids not registered, invalid multiple bids and invalid duplicate bids the issue was subscribed 1.872 times. The details of application received (After Technical Rejection, bids not banked, bids not registered and invalid bids)
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - SME Platform of the BSE Limited on November 24,2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,56,000 Equity shares in full out of reserved portion of 1,56,000 Equity Shares.
Note: Retail individual investor has subscribed to the extend 66.92 % of the net issue. Hence they were offered 66.98 % of net issue of 2,844,000 shares i.e. 1,905,000 shares (after rounding off) and balance 33.02% aggregating to 939,000 out of 1,806,000 shares were received as valid under HNI category allotted to non-retails category.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.92 times. Total number of shares allotted in this category is 19,05,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.92 times. Total number of shares allotted in this category is 9,39,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on November 25,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE Limited and authorized corporate action for allotment of shares in
dematerialized form to various successful applicants. The CAN and allotment advice and/or
notices shall be dispatched to the address of the Applicants as registered with the
depositories / as filled in the application form on or before November 28,2017. Further,
the instructions to SCSBs shall be issued on November 27,2017 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 SME Platform of the BSE Limited within six working days
from the date of the closure of the Issue. The trading is proposed to commence on
or before November 29, 2017 subject to receipt of listing and trading approvals from BSE.
KARVY COMPUTERSHARE PRIVATE LIMITED
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 AMBITION MICA