|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
HINDCON CHEMICALS LIMITED
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.
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
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").
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):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
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:
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:
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)
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
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.