|Basis of Allotment|
is only an advertisement for information purpose. This is not a Prospectus announcement
and does not constitute invitation or offer to acquire, purchase or subscribe for
securities. Not for publication or distribution, directly or indirectly outside India.
RUBY CABLES LIMITED
Our Company was originally incorporated as "Ekank Cables Limited' in Vadodara, Gujarat, as a public limited company underthe provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 24, 1996 bearing Registration Number: 31359 issued by Registrar of Companies, Gujarat, Dadra & Nagar Havelli and having Certificate for Commencement of Business dated January 22, 1997. Subsequently, the name of our Company was changed to "Ruby Cables Limited' and a fresh Certificate of Incorporation dated March 22, 2011 was issued by Assistant Registrar of Companies, Gujarat, Dadra & Nagar Havelli. For details of incorporation, change of name and Registered Office of our Company, please referto chapters titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 60 and 151 respectively of the Prospectus.
Registered Office: 15 - G.I.D.C., Manjusar, Ta: Savli, Vadodara -
391775, Gujarat, India.
PUBLIC ISSUE OF 20,01,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF RUBY CABLES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS.40 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS.1,000.50 LAKHS ("THE ISSUE"), OF WHICH 1,05,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, AGGREGATING RS. 52.50 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,96,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, AGGREGATING RS. 948.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.01% AND 30.33% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated March 22,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
a) a minimum of 50% of the Net Offerto Public shall initially be made available to Retail Individual Investors.
b) the balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail investors and ii) other investors including corporate bodies/ institutions irrespective of number of shares applied for.
c) the unsubscribed portion of the net offerto any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All investors have participated in this offer through ASBA process. For details in this regard, specific attention of the investors is invited to chaptertitled 'Issue Procedure' on page 255 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 50.00. THE ISSUE PRICE IS 5.0 TIMES OF THE FACE VALUE ISSUE OPENED ON MARCH 30,2016 AND CLOSED ON APRIL 06, 2016*.
*The Issue was extended by one working dayfrom April 05,2016 to April 06,2016.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval forthe shares being offered in this Issue. However, the Company has received an approval letter dated December 15,2015 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
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 302 applications for 22,65,000 Equity shares (including Market Maker Application of 1,05,000 Equity Shares) resulting 1.1319 times subscription. After considering, invalid bids, bids not banked and Technical/ Multiple Rejection Cases, the issue was subscribed 1.0780 times (including the Market Maker Portion). The details of aoDlication received (Before Technical Reiection and after reiectina invalid bids and bids not banked):
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
# Based on actual number of shares availablefor allotment as mentioned in Prospectus i.e. 9,48,000
*Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 9,48,000 and Including unsubscribed portion of 1,65,000 equity shares spilled form retail individual category ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on April 08,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,05,000 Equity shares in full out of reserved portion of 1,05,000 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. 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.8259 times. Total number of shares allotted in this category is 7,83,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.1402 times. Total number of shares allotted in this category is 1,113,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on April 08,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices are being dispatched to the address of the
Applicants as registered with the depositories/ as filled in the application form on or
before April 12, 2016 Further, the instructions to SCSBs have been issued on April 08,
2016 for unblocking of funds. 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. In case the same is not received within prescribed time,
investors may contact the registrar to the issue at the address given below. The Company
is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE
within Six working days from the date of the closure of the Issue. The trading is
proposed to commence on or before April 13, 2016 subject to receipt of listing and trading
approvals from BSE.
The details of the allotment made would also be hosted on the website of the Registrarto the Issue 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 atthe address of the Registrar given below:
KARVY COMPUTERSHARE PRIVATE LIMITED
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 RUBY CABLES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.