|Basis of Allotment|
|(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A
SAGARDEEP ALLOYS LIMITED
Sagardeep Alloys Limited was Incorporated as "Sagardeep Alloyes Private Limited'' on February 13, 2007 under the Companies Act 1956 with a Certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. Name of the Company was changed & modified to Sagardeep Alloys Private Limited and fresh certificate of incorporation was issued by Registrar of Companies on June 25.2009. Thereafter once again a fresh certificate of incorporation consequent upon change of name on conversion of the company to public limited company In the name of the ¦Sagardeep Alloys Limited" was granted by ROC on April 17,2012.
Registered Office: 205, Pittalaya Bumba, Nr. Madhuram
Cinema. Gheekanta. Ahmedabad-380001. Gujarat
promoter of our company - mr. asamal s mehta, mr. satishkumar a mehta, mr. jayeshkumar a mehta and mr. harish a mehta
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 30.00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF SAGARDEEP ALLOYS LIMITED (THE "COMPANY OR THE "ISSUER") FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO RS 600.00 LACS ("THE ISSUE"), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING TO RS 31.20 LACS 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 28,44,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING TO RS 568.80 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.36% AND 25.01% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 20 IS 2.0 TIMES OF THE FACE VALUE OF THE EQUITY SHARES,
ISSUE OPENED ON MAY 4, 2016 AND CLOSED ON MAY 9,2016
The Equity shares offered through this Prospectus are proposed to be listed on SME platform of the National Stock Exchange of India Limited (" NSE') ("NSE EMERGED"). Our Company has received an in-principle approval letter dated March 22. 2016 & April 5. 2016 from NSE for listing of our shares on the NSE EMERGE- For the purpose of the Issue, The Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading Is proposed to be commenced on or before May 17,2016*.
Subject to receipt of listing and trading approvals from the NSE.
This Issue Is being made In terms of Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time As per Regulation 43(4) of the SEBl (ICDR) Regulations, as amended, since our is a fixed price issue 'the allocation' Is the net issue to the public category shall be made as follows:
a) Minimum fifty percent to retail Individual Investors; and
b) Remaining to other than retail individual Investors; and
c) The unsubscribed portion In either of the categories specified in (a| or (b) above may be allocated to The applicants in the other category.
All Investors shall participate in the Issue only 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 Net Issue has received 237 applications for 37.98.000 Equity Shares resulting in 1.266 times subscription. The details of the applications received In the Net Issue (beforo technical rejections & withdrawal) are as follows:
Detail of the Applications Received (Before technical rejections)
Allocalion: The Basis of Allotment was finalised In consultation with the Designated Stock Exchange - NSE on May 12,2016.
A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with NSE The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1.56.000 Equity Shares.
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 20 per Equity Share, was finalised In consultation with NSE. The total number of shares allocated in this category Is 12.16.000 Equity Shares. The category was subscribed by 0.8565 times.
The category wise details of the Basis of Allotment are as under:
C) Allocation to other than Retail Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the other than Retail Investors, at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with NSE. The total number of shares allocated In this category is 16.26.000 Equity Shares Including unsubscribed portion of Retail Individual Category) ( i.e, spill over of 2,04.000 Equity Shares from Retail Individual Category). The category was subsenbed by 1.4502 times The category-wise details of the Basis of Allotment are as under:
The Category- wise details of the Basis of Allotment are as under:
*One of the four allottee, who was selected on the basis of draw was
allotted 66.000 Equity Shares in this category.
Note; All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus dated April 25,2016
LINK INTIME INDIA PRIVATE LIMITED
C-13, Pannalal Silk Mills Compound, L.B.S Marg. Bhandup (West). Mumbai 400 078.
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 SAGAROEEP ALLOYS LIMITED.