|Basis of Allotment|
only an advertisement for information purposes and not a prospectus announcement.)
UMIYA TUBES LIMITED
(ClN - U28112GJ2013PLC074916)
Our Company was incorporated as Umiya Tubes Pnvate Limited on May, 07, 2013 under the provisions of Companies Act, 1956 with Regiatrar of Companies, Gujarat, Dadra and Negar Havelli vide registration no.(ClN: U28112GJ20l3PLC074916). Pursuant to shareholders Resolution passed at the Annual General Meeting held on 24th September. 2015 our Company was convened into a Public Limited Company and the name of our Company was changed to "Umiya Tubes Limited" vide a fresh Certificate of Incorporation dated 1st October, 2015, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, . For further details about the Company, please refer section tiled "History and Certain Corporate Matters" on page 146 of the Prospectus.
Registered Office: 208, 2nd Floor, Suman Tower, Sector
-11, Gandhinagar, Gujarat-362-011, India Tel No,: 079-2324 2062;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EAC H OF UMIYA TUBES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 10 PER EQUITY SHARE (" ISSUE PRICE") AGGREGATING TO RS 200 LAKHS ("THE ISSUE"). OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR A CASH PRICE OF RS 10/- PER EQUITY SHARE, AGGREGATING TO RS 11 LAKHS WILL BE RESERVED FOR SUBSCRlPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,90,000 EQUITY SHARES OF FACE-VALUE OF RS 10/- EACH AT AN ISSUE PRICE OF RS 10/- PER EQUITY SHARE AGGREGATING TO RS 189 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03 AND 25.54%, 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 260 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"). AS AMENDED. THIS ISSUE 15 A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(1) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED- FOR FUHTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 268 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/-
PROPOSED LISTING: APRIL 01, 2016
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the Chapter XBof the SEBI (ICDR) Regulations. 2009. as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-pnnriple approval letter dated March 10,2016 from BSE for using its name- in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this. Issue, the Designated Stock Exchenge will be the BSE Limited. The Trading is proposed to be commenced from Friday, April 1, 2016.*
"Subject to receipt of listing and tracing approvals from the Bombay 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 159 applications for 22,40.000 equity shares resulting in 1.12 times subscription (including reserved portion of Market Maker). The details of 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 table gives us category wise net valid applications:
Allocation. The Basis of Allolment was finalized in consultation with the Designated Stock Exchange Bombay Slock Exchange-of India Limited on March 28, 2016.
A Allocation to Market Maker (After Technical Rejections): The Basis of Allotment 10/- 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 time. The total number of shares alotted in this category is 1,10,000 Equity Shares.
B. Allocalion to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at Ihe issue price of Rs 10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.068 times. The total number of shares alotted in this category is 18,90,000 Equity Shares to 149 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to other than Retail Individual Investors (After
The Board of Directors of the Company at its meeting held on March 29, 2016 has taken on record the Basis of Allocation of Equiiy Shares approved by the Designated Stock Exchange viz. Bombay Stock Exchange and has autorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before March 30, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being proposed on or prior to march 30, 2016. 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
benefiecery accounts subject to validation of the account details with the depositories
Note-: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated December 17,2015 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:
PURVA SHAREGISTFtY (INDIA) PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE Of EITHER THE MARKET PRICE OF THE EOUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE UMIYA TUBES LIMITED.