|Basis of Allotment|
(This is only an advertisement for Information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.)
AGRO PHOS INDIA LIMITED
Our Company was originally formed and registered as a partnership firm under the Partnership Act in the name and style of 'Agra Phos (India)', pursuant to a deed of partnership dated February 10, 2001. Agra Phos (India) was thereafter converted from a partnership firm to a private limited company under Part DC of the Companies Act, 1956 with the name of "Agro Phos (India) Private Limited" and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on September 19,2002 bearing registration no. 015285. Subsequently our Company was converted into a public limited company vide pursuant to special resolution dated February 28,2004 and fresh Certificate of Incorporation dated March 01,2004 and the name of our Company was changed to "Agro Phos India Limited". The Corporate Identity Number of our Company is U24123MP2002PLC015285. The partners of M/s Agro Phos (India) were initial subscribers to Memorandum of Association of our Company. For details of Incorporation, change of name and registered office of our Company, please refer to chapters titled "General Information", "Our History and Certain Other Corporate Matters" beginning on page 64 and 223 of the Prospectus.
Registered Office: M-87, Trade Centre 18M, South
Tukoganj, Indore- 452001 Madhya Pradesh, India
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 58,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS.22/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 12/- PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING UP TO RS. 1293.60 LAKHS (THE "ISSUE"), OF WHICH 3,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 68.64 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 55,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 1224.96 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.00% AND 27.46% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISKS TO INVESTORS:
I. Average cost of acquisition per Equity Share by our Promoters viz. Raj Kumar Gupta is Rs.2.78 .Vishnu Kant Gupta is Rs.4.23 and the Issue Price at the upper end of the Price Band is significantly higher at Rs. 22 per Equity Share.
In terms of Prospectus dated November 09,2016 and as per Regulation 43(4) of SEBI
(ICDR) Regulations, 2009 wherein
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of the National Stock Exchange of India Limited ("NSE") ("NSE EMERGE") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. However, the Company has received an approval letter dated October 17,2016 from National Stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on NSE EMERGE. The designated stock exchange is NSE EMERGE.
The Issue has received 9,705 applications for 10,27,92,000 Equity shares (Before Technical Rejections, Multiple Rejections bids not banked and invalid duplicate bids) including Market Maker Application of 3,12,000 Equity Shares. The issue was subscribed to the extent of 17.48 times as per the application data (before technical rejection). After considering the technical rejections cases, the issue was subscribed 17.22 times. The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Ltd on November 10,2016. ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Ltd on November 10,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 22/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,12,000 Equity shares in full out of reserved portion of 3,12,000 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. 22/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.10 times. Total number of shares allotted in this category is 30,66,000 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. 22/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 18.16 times. Total number of shares allotted in this category is 25,02,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on November
10,2016 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized
corporate action for allotment of shares in dematerialized form to various successful
applicants. The CAN and allotment advice and/or notices shall be dispatched to the address
of the Applicants as registered with the depositories/ as filled in the application form
on or before November 15,2016. Further, the instructions to SCSBs has been issued on
November 11,2016 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
EMERGE Platform of NSE within six working days from the date of the closure of the Issue. The
trading is proposed to commence on or before November 16,2016 subject to receipt of
listing and trading approvals from NSE.
The details of the allotment made will 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 AGRO PHOS INDIA