|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
PERFECT INFRAENGINEERS LIMITED
Our Company was originally incorporated as 'Perfect Aircon Engineering Private Limited' pursuant to a Certificate of Incorporation dated May 16,1996 issued by the Registrar of Companies, Bombay, Maharashtra. Subsequently Our Company changed its constitution from private to public pursuant to which a Fresh Certificate of Incorporation was issued on April 192005, by the Registrar of Companies, Mumbai, Maharashtra. Thereafter Our Company changed its name to 'Perfect Infraengineers Limited' pursuant to a Fresh Certificate of Incorporation Consequent upon Change of Name dated May 11,2009 issued by the Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of Our Company is U29190MH1996PLC099583. For more information on changes in our name and registered office, please refer to the section "History and Other Corporate Matters" on page 107 of the Prospectus.
Registered Office: Plot No. R-637, TTC Industrial Area,
Rabale, Thane Belapur Road Navi Mumbai; Telefax: +91 22 27606264
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 25,08,000 EQUITY SHARES OF A FACE VALUE OF Rs 10/- EACH (THE "EQUITY SHARES") OF PERFECT INFRAENGINEERS LTD. (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 23/-PER EQUITY SHARE (INCLUDING ASHARE PREMIUM OF Rs 13/-PER EQUITY SHARE), AGGREGATING TO Rs 576.84 LACS (THE "ISSUE") OF WHICH 1,26,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH IS RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 23,82,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND NET ISSUE SHALL CONSTITUTE 32.53% AND 30.90% RESPECTIVELY OF THE POST ISSUE PAID UP CAPITALOFTHE COMPANY.
The Issue was a Fixed Price issue and was made in accordance with Chapter XB (applicable to issue of specified Securities by Small & Medium Enterprises (SME) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.
In terms of Prospectus dated October 19,2015 and as per Regulation 43 (4) of SEBI
(ICDR) Regulations, 2009 a minimum of 50% of the Net Offer to Public shall initially be
made available to Retail Individual Investors. The balance net offer of shares to the
public shall be made available for allotment to a) individual applicants other than retail
investors and b) other investors including corporate bodies / institutions irrespective of
no. of shares applied for. The unsubscribed portion of the net offer to any one of the
categories specified in (a) or (b) shall/may be made available for allocation in any other
category, if so required.
In terms of Rule 19(2)(b)(i) of the Securities Contracts Regulations Rules, 1957, as amended ("SCRR"), this is an issue for at least 25% of the post-Issue paid-up equity share capital. The Issue was made through the Fixed Price Process wherein 1,26,000 Equity Shares was reserved for Market Maker. 11,94,000 Equity Shares was available for allocation on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from them at the Issue Price. For further details, please refer to the section "Issue Procedure" beginning on page219 of the Prospectus.
The Equity Shares of the Company, including those being offered through the Prospectus, are proposed to be listed on the SME Platform of NSE i.e., "EMERGE" and traded in the SME Continuous Normal Market. The Company has received an 'in-principle' approval from NSE for the listing of the Equity Shares pursuant to the letter dated August 20,2015. For the purpose of this Issue, the Designated Stock Exchange shall be 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 270 (after considering cheque return) applications for 3,372,000 Equity shares (including Market Maker Application of 126,000 Equity Shares) resulting 1.34 times subscription. After considering, Cheque Return, Withdrawals, and Technical / Multiple Rejection case, the issue was subscribed 1.34 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection & withdrawal of application but after Cheque returns).
The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:
Detail of the Applications Received (After Technical Rejection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on November 13,2015.
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs 23/- 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 126,000 Equity shares in full out of reserved portion of 126,000 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 23/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.25 times. Total number of equity shares allotted in this category is 1,194,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (AfterTechnical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 23/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.47 times. Total number of equity shares allotted in this category is 1,188,000 Equity Shares. The category wise basis of allotment is as under:
The category-wise details of allotmentin Other than Retail category are as under:
The Board of Directors of the Company at its meeting held on November 14,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The Refund Advice and allotment advice and/or notices have been dispatched to the
address of the Applicants as registered with the depositories /as filled in the
application form on November 16,2015. Further, the instructions to SCSBs were sent on
November 13,2015. In case the same is not received within 10days, 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 NSE within Twelve working days from the date of the
closure of the Issue. The trading is proposed to commence on or before November20,2015
subject to receipt of listing and trading approvals from NSE.
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at www.Karisma.karvy.com All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
Karvy Computershare Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHERTHE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PERFECT INFRAENGINEERS