|Basis of Allotment|
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 Not for publication or distribution, directly or indirectly outside India.)
EURO INDIA FRESH FOODS LIMITED
Our Company was originally incorporated as "Euro India Fresh Foods Private Limited" at Surat, Gujarat as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 13, 2009 bearing Corporate Identification Number U15400GJ2009PTC057789 issued by Registrar of Companies, Gujarat. Subsequently, our Company was converted into Public Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of our Company held August 19,2016 and the name of our Company was changed to "Euro India Fresh Foods Limited" and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated September 07, 2016 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number (CIN) of our Company is U15400GJ2009PLC057789. 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 67 and 177 respectively of the Prospectus
Registered Office: Plot No. A 22/1 G.I.D.C. Ichhapore, Surat-
394510, Gujarat, India
PROMOTERS OF OUR COMPANY: MANHARBHAI SANSPARA, DINESH SANSPARA AND MAHESHKUMAR MAVANI
BASIS OF ALLOTMENT
PUBLIC OFFER OF 65,71,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF EURO INDIA FRESH FOODS LIMITED (THE "COMPANY") FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 68 PER EQUITY SHARE (THE "OFFER PRICE"), AGGREGATING RS. 5,125.54 LAKHS ("THE OFFER") CONSISTING OF A FRESH OFFER OF 48,00,000 EQUITY SHARES AGGREGATING UP TO Rs. 3744.00 LAKHS AND AN OFFER FOR SALE OF 17,71,200 EQUITY SHARES BY THE PROMOTER SELLING SHAREHOLDERS (THE OFFER FOR SALE AND THE FRESH OFFER ARE COLLECTIVELY REFERRED TO AS THE "OFFER"), OF WHICH 3,36,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, AGGREGATING RS. 262.08 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. NET OFFER OF 62,35,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, AGGREGATING RS. 4,863.46 LAKHS IS HEREINAFTER REFERED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.50% AND 25.14% RESPECTIVELY OF THE FULLY DILUTED POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated March 14,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:
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 any one of the categories specified in
(a) or (b) shall/may be made available for allocation in any other category, if so
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH
The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE Platfonm of National Stock Exchange of India Limited ("NSE EMERGE") in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated March 14, 2017 from National Stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on EMERGE Platform of the National Stock Exchange of India Limited. For the purpose of the Issue, EMERGE Platform of National Stock Exchange of India Limited shall be designated stock exchange.
The Issue has received 348 applications for 71,82,400 Equity shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 3,36,000 Equity Shares) resulting 1.093 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.090 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):
#Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 31,18,400
*Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 31,16,800 and including unsubscribed portion of 28,06,400 equity shares spilled from retail individual category
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -National Stock Exchange of India Limited on March 29, 2017
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,36,000 Equity shares in full out of reserved portion of 3,36,000 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. 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.09 times. Total number of shares allotted in this category are 3,12,000 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 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.09 times. Total number of shares allotted in this category is 59,23,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on March 29, 2017 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 March 30,2017. Further, the instructions to SCSBs shall be issued on March 29,2017 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 registrarto 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 National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.
The trading is proposed to commence on or before March 31,2017 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to 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 at the 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 EURO INDIA FRESH FOODS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.