|Basis of Allotment|
for release in The United States. This is an advertisement for information purposes only.
This is not a Prospectus announcement, and does, not constitute an invitation orofferto
acquire, purchase'or subscribe for securities. Not for publication or distribution,
directly or Indirectly outside India. All capitalized terms used hereinand not
specifically defined shall have the same meaning as ascribed to them in the Prospectus.
EMKAY TAPS AND CUTTING TOOLS LIMITED
Corporate Identity Number: U29220MH1995PLC091091
Our Company was originally incorporated on July 27,1995, as "Emkay Taps and Cutting Tools Private Limited" under the provisions of the Companies Act, 1956 with the RoC, Maharashtra, Mumbai. Subsequently, our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on April 8,2015 and the name of our Company was changed to "Emkay Taps and Cutting Tools Limited" vide a fresh Certificate of Incorporation dated April 24,2015, issued by the RoC, Maharashtra, Mumbai. For details of the changes in our Name, Registered Office and other details, please see section titled "History and Certain Corporate Matters"on page 106 of the Prospectus.
Registered Office: Plot No. B-27 and B-27/1, M.I.D.C. Hingna, Industrial Estate, Nagpur - 440 016, Maharashtra, India Tel. No.: +91 - 7104 - 237363; Tele-Fax No. +91 - 7104 - 237584; Email: firstname.lastname@example.org, Website: www.emkaytapsandtools.com Contact Person: Ms. Shruti R. Sohane (Company Secretary & Compliance Officer)
PROMOTERS OF OUR COMPANY: MR. AJAYPRAKASH KANORIA, MRS. ALKA KANORIA AND AJAYPRAKASH KANORIA HUF
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFERING OF 4,71,200 EQUITY SHARES OF FACE VALUE OF RS 10.00
EACH OF EMKAYTAPS AND CUTTING TOOLS LIMITED ("OUR COMPANY" OR "THE
ISSUER") FOR CASH AT A PRICE OF RS 330.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM
OF RS 320.00 PER EQUITY SHARE) ("ISSUE PRICE") THROUGH AN OFFER FOR SALE OF BY
MR. AJAYPRAKASH KANORIA, MRS. ALKA KANORIA, AJAYPRAKASH KANORIA HUF AND NAGPUR TOOLS
PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS HEREIN AFTER) AGGREGATING
TO RS 1,554.96 LAKHS ('THE ISSUE"). OF THE ISSUE, 24,000 EQUITY SHARES AGGREGATING TO
RS 79.20 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 4,47,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 330.00
PER EQUITY SHARE AGGREGATING TO RS 1,475.76 LAKHS IS HEREINAFTER REFERRED TO AS THE
"NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.49% AND 25.14%,
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
191 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 330.00 THE ISSUE PRICE IS 33.00 TIMES OF THE FACE VALUE
PROPOSED LISTING: AUGUST 13,2015
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("NSE EMERGE"). In terms of 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 the issue. However, our Company has received an in-principle approval letter dated July 15,2015 from NSE for using its name in the offer document for listing of our shares on the NSE EMERGE. For the purpose of the Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commence with effect from August 13,2015*
"Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
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 applications for 6,42,000 Equity Shares (after cheque
returns) resulting in 1.36 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 tne Registrar to the issue on tecnnical grounds/witndrawal are detailed below:
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on August 6,2015.
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 24,000 Equity Shares.
B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.22 times i.e. for 2,72,400 Equity Shares. The total number of shares allotted in this category is 2,23,600 Equity Shares to 559 successful applicants.
C)Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.41 times i.e. for 3,15,600 Equity Shares. The total number of shares allotted in this category is 2,23,600 Equity Shares to 27 successful applicants.
The Board of Directors of the Company at its meeting held on August 7, 2015 has taken on records the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the Corporate Action for the allotment and transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimations have been dispatched to the address of the Applicants
as registered with the Depositories. Further, the instructions to SCSBs for unblocking the
amount have been given on August 7,2015. 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 addresses as registered with the Depositories. In case the same is not received
within 10 (Ten) days, investors may contact Registrar 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 have been
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 NSE within 12 (Twelve) working days from the date of
the closure of the Issue.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.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:
BIGSHARE SERVICES PRIVATELIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EMKAYTAPS AND CUTTING TOOLS LIMITED.