|Basis of Allotment|
(This is only an advertisement for information purposes and not a prospects announcement)
LOYAL EQUIPMENTS LIMITED
Out Company was incorporated as Loyal Equipments Private Limited on April 20, 2007 under the provisions of Companies Act, 1956 with Registrar of Companies, Dadra and Nagar Havelli, Gujarat vide registration no. (C1N: U29190GJ2007PTC050607). Pursuant to Shareholders Resolution passed at the Extra Ordriary General Meeting held on May 02, 2015 our Company was converted into a Public Limited Company and the name of our Company was changed to "Loyal Equipments Limited" vide a fresh Certificate of Incorporation dated May 12, 2015 issued by the Registrar of Companies Ahmedabad, Gujarat. For details of the changes in our Name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 104 of the Prospectus.
Registered Office: Block No. 35/1-2-3-4, Village Zak,
Dahegam, Gujarat-382330, India.
Company Secretary & Compliance officer: Ms.
Komal Manohartal Mourn
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH OF LOYAL EQUIPMENTS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS.18.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 8.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 324.00 LAKHS ("THE ISSUE"), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR A CASH PRICE OF RS. 18.00 PER EQUITY SHARE, AGGREGATING TO RS. 17.28 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 17,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 18.00 PER EQUITY SHARE AGGREGATING TO RS. 306.72 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.06%, 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 201 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICOR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICOR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 208 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10.00 EACH AND THE
ISSUE PRICE IS RS.18.00.
The Equity Shares offered through this Prospectus are proposed to be listed on
the SME Platform of BSE Limited ("BSE"). In terms ot the Chapter XB of the
SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle
listing approval for the shares being offered in this issue. However, Our Company has
received an in-principle approval letter dated June 26, 2015 from BSE for using Its name
in the offer document for listing of our shares on the SME Platform of BSE. For the
purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading
is proposed to be commenced on July 16, 2015.*
All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issue has received 314 applications for 35,84,000 Equity Shares resulting
In 1.991 times subscription (Including reserved portion of market maker). The details of
the applications received in the Issue (before technical rejections and after cheque
returns) are as follows:
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 the details of category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Uimited on July 13, 2015.
A) Allocation to Market Maker (After Technical Refections & Withdrawal): The Basis ot Allotment to the Market Maker, at the issue price of Rs.18 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 96,000 Equity shares.
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.18 per Equity Share, was finalized in consultation will BSE. The category was subscribed by 2.021 times i.e for 23,28,000 Equity Shares. Total number of shares allotted in this category is 11,52,000 Equity Shares to 144 successful appicants.
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.18 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.043 times i.e. for 11,28,000 the total number of shares allotted in this category is 11,52,000 Equity Shares to 144 successful appacants.
The Category wise details of the Basis of allotment are as under:
The Board of Directors of the Company at their meeting held on July 14, 2015 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and Allotment advice and/or notices will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on or before 15 July, 2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been processed on or prior to 15 July, 2015. In case the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories, For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any. with the depositories. 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 Limited within Twelve 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 June 29, 2015 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.com. 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:
SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
Unit-1, Luthra Industrial Premises. Sated Pool, Andheri Kurla Road, Andheri (E), Mumbai
- 400 072, Maharashtra, India
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 LOYAL EQUIPMENTS LIMITED.