|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
AHIMSA INDUSTRIES LIMITED
Our Company was incorporated as "Ahinsa Industries Private Limited" under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 24, 1996 bearing registration no. 028679, in Ahmedabad. Further, the name of our Company changed to "Ahimsa Industries Private Limited" vide fresh certificate of Incorporation dated March 06,1996. Our Company was converted into a public limited company vide fresh Certificate of Incorporation dated May 25,2015 and consequently the name of our Company was changed to Ahimsa Industries Limited. The Corporate Identification Number of Our Company is U25200GJ1996PLC028679. For details of change in registered office of our Company please referto chaptertitled "Our History and Certain Other Corporate Matters" beginning on page 111 of the Prospectus.
Registered Office: 102, Iscon Elegance, Near Shapath-5, Prahalad
Nagar Junction, S.G. Highway, Ahmedabad-380051, Gujarat, India
PROMOTER OF THE COMPANY: MR. ASHUTOSH DAMUBHAI GANDHI
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 15,18,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID UP OF AHIMSA INDUSTRIES LIMITED ("AHIMSA" OR THE "COMPANY" ORTHE "ISSUER") FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING SHARE PREMIUM OF RS. 15/-PER EQUITY SHARE) AGGREGATING RS. 379.50 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 78,000 EQUITY SHARES OF RS.10/- FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 14,40,000 EQUITY SHARES OF RS. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.73 % AND 26.31 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) 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 (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFERTO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 206 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, the Company is not required to obtain an in-principle listing approval for the shares being offered in the issue. However, the Company has received an in-principle approval letter dated September 03,2015 from NSE for using its name in the offer document for listing of the shares on the NSE Emerge Platform. Forthe purpose of the Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Thursday, October 15,2015*.
*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 120 applications for 16,92,000 Equity Shares resulting in 1.11
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 qive us Cateqory wise net valid applications:
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 78,000 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. 25/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 0.86 times. The total number of shares allotted in this category is 6,18,000 Equity Shares to 103 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 the Non Institutional Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.34 times. The total number of shares allotted in this category is 8,22,000 Equity Shares after spill overfrom retail category.
The Category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on October 09,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National stock Exchange of India Limited and has authorized the corporate action forthe transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimations are being dispatched to the address of the Applicants as registered with the depositories on or before October 13, 2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or priorto October 12,2015. In case the same is not received within ten days, investors may contact Registrar 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 fortrading on the NSE Emerge Platform 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 meaning assigned to them in the Prospectus dated September 14,2015 ("Prospectus").
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 Firs/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 PRIVATE LIMITED
For AHIMSA INDUSTRIES LIMITED
Date : October 09,2015
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 THE AHIMSA INDUSTRIES LIMITED.