|Basis of Allotment|
|(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: firstname.lastname@example.org; 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.
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)
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
* 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
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:
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 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.