|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
RMC SWITCHGEARS LIMITED
(Formerly known as RMC Switch Gears Limited)
Our Company was originally incorporated on August 23,1994 as "RFH METAL CASTINGS PRIVATE LIMITED" vide Registration no. 008698 (CIN U27310RJ1994PTC008698) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Rajasthan, Jaipur. Subsequently our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on December 12,2008 and the name of our Company was changed to "RFH METAL CASTINGS LIMITED" vide a fresh Certificate of Incorporation dated December 29,2008 having (CIN U27310RJ1994PLC008698) issued by the Registrar of Companies, Rajasthan, Jaipur. Later vide Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on March 25,2009 and afresh Certificate of Incorporation dated March 30,2009 issued by the Registrar of Companies, Rajasthan, Jaipur the name of our Company was changed to "RMC SWITCH GEARS LIMITED". Further, Our Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on July 16,2016 and a fresh Certificate of Incorporation dated July 25,2016 issued by the Registrar of Companies, Rajasthan, Jaipur and the name of our Company was changed to "RMC SWITCHGEARS LIMITED having (CIN U27310RJ1994PLC008698)". For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 113 of the Prospectus.
Registered Office: 7 KM. from Chaksu, Khotkawda Road,
Village Badodiya, Tehsil Chaksu, Tonk Road, Jaipur-303901, Rajasthan, India Tel
No: +91 -141-4031516, +91-141-2759678;
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 15,36,000 EQUITY SHARES OF FACE VALUE OF RS10 EACH ("EQUITY SHARES") OF RMC SWITCHGEARS LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OFRS 17 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 414.72 LAKHS ("ISSUE") CONSISTING OF A FRESH ISSUE OF 7,68,000 EQUITY SHARES OF FACE VALUE OFRS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS ("ISSUE") AND 7,68,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS THROUGH AN OFFER FOR SALE BY MR. ANKIT AGRAWAL, MR. ASHOK KUMAR AGARWAL, MRS. PARWATIBAI AGARWAL, MRS. SANTOSH AGARWAL. MIS VITTHAL DAS AGRAWAL HUF, MIS ASHOK KUMAR AGARWAL HUF AND ARGENT LEASING & FINANCE PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 96.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 27 PER EQUITY SHARE, AGGREGATING TO RS 25.92 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 14,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 388.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.16% AND 28.28%, 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 219 OF THE PROSPECTUS THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME (THE "SEBIICDR REGULATIONS").
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE
IS RS 27.00. THE ISSUE PRICE IS 2.7 TIMES OF THE FACE VALUE.
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). In terms of the Chapter XB of 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 approval letter dated November 04, 2016 from BSE for using its name in offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE SME"). The trading is proposed to be commenced on or about March 14, 2017.*
* Subject to receipt of listing and trading approvals from the BSE Limited.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The issue has received 3454 applications for 2,98,16,000 Equity Shares resulting in
19.41 times subscription (including reserved portion of market maker ).The details of the
applications received in the issue (before technical rejections) 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 tables give us category wise net valid applications:
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 08,2017
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 27 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 96,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
B. Allocation to Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to the Retail Individual
Investors, at the issue price of Rs 27 per Equity Share, was finalized in consultation
with BSE Limited. The category was subscribed by 17.96 times i.e. for 1,29,32,000 Equity
Shares. Total number of shares allotted in this category is 7,20,000 Equity Shares to 180
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail
Individual Investors, at the offer price of Rs 27 per Equity Share, was finalized in
consultation with BSE Limited. The category was subscribed by 23.01 times i.e. for
1,65,64,000 shares the total number of shares allotted in this category is 7,20,000 Equity
Shares to 75 successful applicants.
The Board of Directors of the Company at its meeting held on March 08,2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and at a meeting held on March 09,2017 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before March 10,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about March 09,2017 In case the same is not received within 10 days, investors may contact at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within six working days from the date of the closure of the Issue. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 20,2017 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Link Intime India Private Limited at www.linkintime.co.in. 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:
LINK INTIME INDIA PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT RE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES OH LISTING OR THE BUSINESS PROSPECTS OF RMC SWITCHGEARS LIMITED.