|Basis of Allotment|
This 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 Not for publication or distribution, directly or indirectly outside India.
SYSCO INDUSTRIES LIMITED
Our Company was originally incorporated as "Sysco Industries Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 01,2009 bearing Corporate Identification Number U17120GJ2009PTC057954 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently due to change in object clause of our company our Corporate Identity Number was changed to U25200GJ2009PTC057954. Further with the change in object clause of our Company vide certificate dated January 20, 2016 issued by Registrar of Companies, Gujarat, Ahmedabad, our Corporate Identity Number was changed to U51101GJ2009PTC057954. Subsequently, our Company was converted in to public limited company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of our Company held on December 30,2015 and the name of our Company was changed to "Sysco Industries Limited" pursuant to issuance of fresh Certificate of Incorporation dated January 22, 2016 issued by the Registrar of Companies, Gujarat, Ahmedabad. For details of Incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 57 and 141 of the Prospectus.
Registered Office: 206, Rajhans Complex, Civil Char
Rasta, Near Nirmal Children Hospital, Ring Road, Surat, Gujarat - 395002.. Tele
Fax No.: 0261 2340069; E-mail: email@example.com; Website: www.syscogroup.in Corporate Identity Number:
U51101GJ2009PLC057954; Contact Person: Mr. Ronak Ladhawala,, Company
Secretary and Compliance Officer
PUBLIC ISSUE OF 21,70,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF SYSCO INDUSTRIES LIMITED (THE "COMPANY'' OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 10 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 217.00 LAKHS ("THE ISSUE"), OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 10 PER EQUITY SHARE, AGGREGATING RS. 11.00 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 20,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 10 PER EQUITY SHARE, AGGREGATING RS. 206.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.28% AND 25.90% RESPECTIVELY OF THE 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 Offer to 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 no. of shares applied for.
c) the unsubscribed portion of the net offer to anyone 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 offerthrough ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 268 of the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 10.00. THE ISSUE PRICE IS 1.0 TIMES OF THE FACE VALUE ISSUE OPENED ON MARCH 31,2016
AND CLOSED ON APRIL 5,2016.
The Issue has received 957 applications for 2,04,40,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 1,10,000 Equity Shares) resulting 9.42 times subscription. After considering, Technical Rejection cases, the issue was subscribed 9.34 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
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. 10/- 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 1,10,000 Equity shares in full out of reserved portion of 1,10,000 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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 9.77 times. Total number of shares allotted in this category is 10,50,000 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 10/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 9.79 times. Total number of shares allotted in this category is 10,10,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on April 09,2016 has taken on record ttie Basis of Allocation of Equity Shares approved by ttie 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 9,2016 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.
Under Chapter 'Objects of the Issue' appearing of the page 94 of the Prospectus, para with respect to 'Issue related Expenses' on page 97 following lines shall be added after the end of the para.
The Application collecting Intermediary will be entitled to ttie commission as mentioned herein:
SCSBs will be entitled to a processing fee of Rs. 10/- per Application Form for
processing of the Application Forms procured by other Application Collecting Intermediary
and submitted to them.
The above is required to be read in conjunction with the Prospectus, the Advertisements, Application Forms and the abridged prospectus, as amended to the extent stated hereinabove.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.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:
BIGSHARE SERVICES 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 SYSCO INDUSTRIES