|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement)
VAKSONS AUTOMOBILES LIMITED
Our Company was incorporated as vaksons Automobiles Private Limited on February 20,2003 under the Companies Act, 1956, with the Registrar of Companies, N. C. T. of Delhi and Haryana bearing Registration Number -119052. The status of our Company was changed to a public limited company and the name of our Company was changed to Vaksons Automobiles Limited by a special resolution passed on September 30,2014. A fresh Certificate of Incorporation consequent to the change of name was granted to our Company on December 24,2014, by the Registrar of Companies, Delhi. For further details, please see the chapter titled "History and certain Corporate Matters" beginning on page 97 of the Prospectus.
Registered Office: 105,1st Floor, Barodia Tower, Plot
No 12, D Block, Central Market, Prashant Vihar, New Delhi -110085.
PROMOTERS OF THE COMPANY: MR. ATUL JAIN AND MRS. VANDANA JAIN
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 24,00,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF VAKSONS AUTOMOBILES LIMITED ("VAL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 26 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 624.00 LAKHS ("THE ISSUE"), OF WHICH, 1,28,000 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 MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 22,72,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 36.50% AND 34.55%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET ISSUE OF 22,72,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORTIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF OUR EQUITY SHARES IS RS 10 EACH.
The Equity Shares of the Company 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, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated May 29,2015 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before October 16,2015*
* Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Issue to the Public category
shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009,
The Net Issue has received 271 applications for 24,84,000 Equity shares resulting in
1.0933 times subscription. The details of the applications received in the Net Issue
(before and after technical rejections) are as follows:
Note: The Issue also include 1,28,000 Equity Shares reserved for Market Maker, which was fully subscribed and there were no Technical Rejections.
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 1,08,000 Equity Shares in Retail Category & over subscription 3,16,000 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 1,08,000 Equity Share has been added to the Non-Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on October 09,2015.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 26 per Equity Share, was finalised in consultation with BSE, The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,28,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 26 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 10,28,000 Equity Shares. The category was subscribed by 0.9049 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Category (After Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs 26 per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 12,44,000 Equity Shares including unsubscribed portion of Retail Category. The category was subscribed by 1.1672 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on October 10, 2015 has taken
on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock
Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity
Shares to various successful applicants.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, 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 given below:
Cameo Corporate Services Limited
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 VAKSONS AUTOMOBILES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
VAKSONS AUTOMOBILES LIMITED is proposing, subject to market conditions and other considerations, a public issue of its Equity Snares and has filed the Prospectus with the Registrar of Companies N.C.T. of Delhi and Haryana. The Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Managers at www.bcbbrokerage.com and www.afsl.co.in and website of the BSE atwww.bseindia.com. Investors should note that investment in equity shares involves a high degree of risk. For details, investors should refer to and rely on the Prospectus, including the section titled 'Risk Factors' of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act ("the Securities Act") or any state securities laws in United States and may not be issued or sold within the United States or to, or for the account or benefit of, "U.S, persons" (as defined in Regulations under the securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.