Basis of Allotment

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(This is only an advertisement for Information purposes and not a Prospectus announcement.)

M.D. INDUCTO CAST LIMITED

Our Company was incorporated as "M.D. Inducto Cast Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 16, 2010 issued by Assistant Registrar of Companies, Gujarat Dadra and Nagar Havelli bearing Registration No. 062324 in Bhavnagar. Subsequently our Company was converted into a public limited company vide fresh Certificate of Incorporation dated May 20,2015 and the name of our Company was changed to "M.D. Inducto Cast Limited". The Corporate Identity Number of our Company is U28112GJ2010PLC062324. For details of incorporation, 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 62 and 152 respectively of the Prospectus.

Registered Office: M.D. House, Plot no. 2715/A, Near Central Salt, Waghawadi Road, Bhavnagar - 364001, Gujarat, India. Tel.: +91 278 2570133; Fax: +91 278 2570133; E-mail: ipo@mdgroup.in; Website: www.rudratmx.com; Corporate Identity Number: U28112GJ2010PLC062324; Contact Person: Vimal Dattani, Company Secretary and Compliance Officer Promoters of Our Company: Mr. Nikhil Gupta and Mr. Sahil Gupta

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 63,84,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF M.D. INDUCTO CAST LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 27 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 17 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 1723.68 LAKHS ("THE ISSUE"), OF WHICH 3,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 27 PER EQUITY SHARE, AGGREGATING RS. 87.48 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 60,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 27 PER EQUITY SHARE, AGGREGATING RS. 1636.20 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.50% AND 25.16% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated June 24,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. 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 EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 27.00. THE ISSUE PRICE IS 2.7 TIMES OF THE FACE VALUE. ISSUE OPENED ON JUNE 30,2015 AND CLOSED ON JULY 02,2015.

The Equity Shares of our Company 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. 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 approval letter dated June 23,2015 from BSE for using its name in the Prospectus for listing of its Shares on BSE. The designated stockexchange is BSE.
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").

SUBSCRIPTION DETAILS

The Issue has received 889 applications for 10592000 Equity shares (including Market Maker Application of 324000 Equity Shares) resulting 1.659148 times subscription. After considering, Cheque Return, Withdrawls, and Technical/ Multiple Rejection cases, the issue was subscribed 1.636591 times (including the Market Maker Portion).

The details of application received (Before Technical Rejection &withdrawl of application but after cheque returns)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION (Times)
Market Makers 1 3,24,000 1.00
Other than Retail Individual Investor's 45 68,96,000 2.28
Retail Individual Investor's 819 32,76,000 1.08
TOTAL 865 1,04,96,000 1.64

The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers - -
Other than Retail Individual Investor's 1 8,000
Retail Individual Investor's 10 40,000
TOTAL 11 48,000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION (Times) REVISED SUBSCRIPTION* (Times)
Market Makers 1 3,24,000 1.00 1.00
Other than Retail Individual Investor's 44 68,88,000 2.28 2.27
Retail Individual Investor's 809 32,36,000 1.08 1.07
TOTAL 854 1,04,48,000 1.64 1.64

* Arrived as per designation stock exchange in terms of SEBI (ICDR) Regulations.

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on July 13,2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 27/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,24,000 Equity shares in full out of reserved portion of 3,24,000 Equity Shares
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 27/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.07 times. Total number of shares allotted in this category is 3,032,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received %
to
Total
Total No. of Equity Shares applied %
to
Total
Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus / (Deficit)
4,000 809 100.00 32,36,000 100.00 30,32,000 4,000 15:16 30,32,000 0.00

C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 27/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.27 times. Total number of shares allotted in this category is 3,028,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received %
to
Total
Total No.of Equity Shares applied %
to
Total
Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus/ (Deficit)
8,000 5 11.36 40,000 0.58 17,584 3,516.84 4,000 1:1 20,000 -2416
12,000 2 4.55 24,000 0.35 10,551 5,275.26 4,000 1:1 8,000 2551
16,000 4 9.09 64,000 0.93 28,135 7,033.68 8,000 1:1 32,000 -3865
20,000 4 9.09 80,000 1.16 35,168 8,792.10 8,000 1:1 32,000 3168
24,000 2 4.55 48,000 0.70 21,101 10,550.52 12,000 1:1 24,000 -2899
32,000 1 2.27 32,000 0.46 14,067 14,067.36 16,000 1:1 16,000 -1933
36,000 2 4.55 72,000 1.05 31,652 15,825.78 16,000 1:1 32,000 -348
40,000 1 2.27 40,000 0.58 17,584 17,584.20 20,000 1:1 20,000 -2416
56,000 2 4.55 1,12,000 1.63 49,236 24,617.89 24,000 1:1 48„000 1236
92,000 3 6.82 2,76,000 4.01 1,21,331 40,443.67 40,000 1:1 1,20,000 1331
1,12,000 1 2.27 1,12,000 1.63 49,236 49,235.77 48,000 1:1 48,000 1236
1,28,000 1 2.27 1,28,000 1.86 56,269 56,269.45 56,000 1:1 56,000 269
1,48,000 5 11.36 7,40,000 10.74 3,25,308 65,061.56 64,000 1:1 3,20,000 5308
1,60,000 2 4.55 3,20,000 4.65 1,40,674 70,336.82 72,000 1:1 1,44,000 -3326
2,00,000 2 4.55 4,00,000 5.81 1,75,842 87,921.02 88,000 1:1 1,76,000 -158
2,36,000 1 2.27 2,36,000 3.43 1,03,747 1,03,746.81 1,04,000 1:1 1,04,000 -253
2,48,000 3 6.82 7,44,000 10.80 3,27,066 1,09,022.07 1,08,000 1:1 3,24,000 3066
5,40,000 1 2.27 5,40,000 7.84 2,37,387 2,37,386.76 2,40,000 1:1 2,40,000 -2613
6,48,000 1 2.27 6,48,000 9.41 2,84,864 2,84,864.11 2,84,000 1:1 2,84,000 864
22,32,000 1 2.27 22,32,000 32.40 9,81,199 9,81,198.61 9,80,000 1:1 9,80,000 1199
Total 44 100 68,88,000 100 30,28,000 30,28,000 0.00

The Board of Directors of the Company vide circular resolution passed on July 14,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form 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 July 15,2015. Further, the instructions to SCSBs have been processed on July 13,2015. 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 within Twelve working days from the date of the closure of the Issue. The trading is proposed to commence on or before July 16,2015 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.karvycomputershare.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31 -32, Financial District, Nanakramguda, Gachibowli, Hyderabad - 500032.
Tel.: 040 67162222; Fax: 040 23001153; Email: mdgroup.ipo@karvy.com; Website: www.karvycomputershare.com

Date: July 14,2015
Place: Bhavnagar,Gujarat

For M.D. Inducto Cast Limited
On behalf of the Board of Directors
Sd/-
Nikhil Gupta
Managing Director

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 M.D. INDUCTO CAST LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

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