Basis of Allotment

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

HINDCON CHEMICALS LIMITED
Corporate Identity Number: U24117WB1998PLC087800

Our Company was originally incorporated as "Hind Silicates Private Limited" on August 25,1998 vide Registration Certificate No. 21 -87800 under the provisions of the Companies Act, 1956 with the Registrar of Companies, West Bengal. Pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 20, 2010 the name of our Company was changed to "Hindcon Chemicals Private Limited" and fresh Certificate of Incorporation dated December 30, 2010 was issued by the Registrar of Companies, West Bengal. Subsequently, our Company was converted into a Public Limited Company pursuant to Special Resolution passed at the Extra Ordinary General Meeting of the Company held on June 13, 2012 and the name of our Company was changed from "Hindcon Chemicals Private Limited" to "Hindcon Chemicals Limited" vide a fresh Certificate of Incorporation dated June 15, 2012 having CIN U24117WB1998PLC087800 issued by the Registrar of Companies, West Bengal.

Registered Office: 62/B, Braunfeld Row, 1st Floor, Kolkata, West Bengal, India - 700027.
Tel No.: +91-033-24490835/39 | Fax No.: +91-033-24490849 | E-mail: contactus@hindcon.com | Website: www.hindcon.com
CONTACT PERSON: MS. SURBHI SARAF, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTERS OF OUR COMPANY: MR. SANJAY GOENKA AND MRS. NILIMA GOENKA

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 27,60,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH ("EQUITY SHARES") OF HINDCON CHEMICALS LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 28 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 18 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 772.80 LAKHS ("ISSUE" ) OF WHICH 1,44,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 28 PER EQUITY SHARE, AGGREGATING TO RS 40.32 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 26,16,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 28 PER EQUITY SHARE AGGREGATING TO RS 732.48 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.96% AND 25.55%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 306 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE ISSUE PRICE IS RS 28.00 EACH. THE ISSUE PRICE IS 2.8 TIMES OF THE FACE VALUE.

ISSUE OPENED ON MONDAY, FEBRUARY 26, 2018 AND CLOSED ON WEDNESDAY, FEBRUARY 28, 2018

PROPOSED LISTING: MARCH 09, 2018*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). Our Company has received an in-principle approval letter dated February 06, 2018 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about March 09,2018.*

*Subject to receipt of listing and trading approvals from the NSE.

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 40,556 applications for 363,296,000 Equity Shares resulting in 131.63 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows:

Detail of the Applications Received (Before Technical & Multiple Rejection):

Category Number Of
Applications
% Number Of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.00 1,44,000 0.04 1.00
Other than Retail Individual Investors 40,164 99.03 160,656,000 44.22 122.83
Retail Individual Investors 391 0.97 202,496,000 55.74 154.81
TOTAL 40,556 100.00 363,296,000 100.00 131.63

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

Category No. of
Applications
No. of
Equity Shares
Market Makers Nil Nil
Other than Retail Individual Investors 657 26,28,000
Retail Individual Investors 5 30,60,000
TOTAL 662 56,88,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category No. of
Applications
% Reserved Portion
(as per Prospectus)
No. of Valid
Shares Applied
% of
Total Applied
Subscription
(Times)
Market Maker 1 100 1,44,000 1,44,000 100 1.00
TOTAL 1 100 1,44,000 1,44,000 100 1.00

 

Category No. Of
Applications
% Reserved Portion
(as per Prospectus)
Proportionate Issue
Size (After rounding off)
No. of Valid
Shares Applied
% Of
Total Applied
Subscription
(Times)
Retail Individual Investors 39,507 99.03 13,08,000 13,08,000 158,028,000 44.21 120.82
Other than Retail Individual Investors 386 0.97 13,08,000 13,08,000 199,436,000 55.79 152.47
TOTAL 39,893 100 26,16,000 26,16,000 35,74,64,000 100 136.65

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on March 06, 2018.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 28 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,44,000 Equity shares.

The category wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Applications
received
% to Total Total No. of
Equity
Shares
applied in
this
Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicant (after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/ Deficit
1,44,000 1 100 1,44,000 100 1,44,000 1,44,000 1,44,000 1 1 1 1,44,000 -
TOTAL 1 100 1,44,000 100 1,44,000 1 1,44,000 -

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 28 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 120.82 times i.e. for 158,028,000 Equity Shares. Total number of shares allotted in this category is 13,08,000 Equity Shares to 327 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Applications
received
% to Total Total No. of
Equity
Shares
applied in this
Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicant (after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/ Deficit
4000 39,507 100 158,028,000 100 13,08,000 33.11 4000 1 121 327 13,08,000 0
TOTAL 39,507 100 158,028,000 100 13,08,000 327 13,08,000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 28 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 152.47 times i.e. for 199,436,000 shares. Total number of shares allotted in this category is 13,08,000 Equity Shares to 386 successful applicants.

The category wise details of the Basis of Allotment are as under: (SAMPLE)

No. of Shares
Applied for (Category
No. of
Applications
received
% to Total Total No. of
Equity
Shares
applied in this
Category
% of Total Proportionate
Shares
Available
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. ofShares Surplus/
Deficit
8000 113 29.27 904000 0.45 5928 52.47 4000.00 1 113 1 4000 -1928
24000 8 2.07 192000 0.10 1259 157.38 4000.00 0 0 0 0 -1259
44000 5 1.30 220000 0.11 1443 288.60 4000.00 0 0 0 0 -1443
72000 1 0.26 72000 0.04 472 472.00 4000.00 0 0 0 0 -472
96000 1 0.26 96000 0.05 630 630.00 4000.00 0 0 0 0 -630
120000 1 0.26 120000 0.06 787 787.00 4000.00 0 0 0 0 -787
160000 1 0.26 160000 0.08 1049 1049.00 4000.00 0 0 0 0 -1049
204000 1 0.26 204000 0.10 1338 1338.00 4000.00 0 0 0 0 -1338
260000 1 0.26 260000 0.13 1705 1705.00 4000.00 0 0 0 0 -1705
304000 1 0.26 304000 0.15 1994 1994.00 4000.00 0 0 0 0 -1994
352000 1 0.26 352000 0.18 2309 2309.00 4000.00 1 1 1 4000 1691
408000 1 0.26 408000 0.20 2676 2676.00 4000.00 1 1 1 4000 1324
428000 1 0.26 428000 0.21 2807 2807.00 4000.00 1 1 1 4000 1193
480000 1 0.26 480000 0.24 3148 3148.00 4000.00 1 1 1 4000 852
652000 1 0.26 652000 0.33 4276 4276.00 4000.00 1 1 1 4000 -276
712000 1 0.26 712000 0.36 4670 4670.00 4000.00 1 1 1 4000 -670
1080000 2 0.52 2160000 1.08 14166 7083.00 8000.00 1 1 2 16000 1834
1440000 1 0.26 1440000 0.72 9444 9444.00 12000.00 1 1 1 12000 2556
1784000 2 0.52 3568000 1.79 23401 11700.50 12000.00 1 1 2 24000 599
2500000 1 0.26 2500000 1.25 16396 16396.00 16000.00 1 1 1 16000 -396
2616000 60 15.54 156960000 78.70 1029421 17157.02 16000.00 1 1 60 960000 -69421
2616000 4000 additional share is allocated for Serial no 86 in thi ratio of 17:60 4000 17 60 68000 68000

The Board of Directors of the Company at its meeting held on March 07,2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on March 06, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and / or notices will be forwarded to the address of the Applicants as registered with the depositories on or before March 08, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been issued on March 07, 2018. 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 National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 14, 2018 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Link Intime India Private Limited at www.linkintime.co.in. 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, LBS Marg, Vlkhroli (West), Mumbai-400083, Maharashtra, India.
Tel: +91-022-49186200 | Fax: +91-022-49186195
E-mail
: hindcon.ipo@linkintime.co.in | Investor Grievance Email: hindcon.ipo@linkintime.co.in
Website: www.linklntime.co.in | Contact Person: Ms. Shanti Gopalkrishnan | SEBI Registration No.: INR000004058
Registrar & Share Transfer Agent to the Company - Link Intime India Private Limited

Place: Kolkata, West Bengal
Date: March 07, 2018
For Hindcon Chemicals Limited
On behalf of the Board of Directors
Sd/-
Mr. Sanjay Goenka
Managing Director
DIN
:- 00848190

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUTY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF HINDCON CHEMICALS LIMITED.

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