|Basis of Allotment|
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT
FOR DISTRIBUTION OUTSIDE INDIA.)
MAXIMUS INTERNATIONAL LIMITED
Our Company was Incorporated as Maximus International Limited on December 22, 2015 under the Companies Act, 2013 with the Registrar of Companies, Gujarat bearing Registration No. 085474 and having its Registered Office in Vadodara, Gujarat. For further details pertaining to the change of name of our Company, if any and the Registered Office, please refer the chapter "History and Certain Corporate Matters" on page no. 89 of the Prospectus.
Regd. Office: 301, Atlantis Heritage, Dr. Vikram Sarabhai Marg,
Vadi Wadi, Vadodara - 390 003.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 15,06,000 EQUITY SHARES OF RS 10/- EACH ("EQUITY SHARES") OF MAXIMUS INTERNATIONAL LIMITED ("MIL" ORTHE "COMPANY") FOR CASH AT A PRICE OF RS 25 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 376.50 LAKHS ("THE ISSUE") OF WHICH, UPTO 78,000 EQUITY SHARES OF RS 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 14,28,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.93% AND 27.43%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS 2.5 TIMES OF THE FACE VALUE.
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated February 01, 2017. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on March 30,2017 (Subject to receipt of listing and trading approvals from the BSE Limited). The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proporationate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. 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 299 applications for 28,62,000 Equity Shares resulting in 2.00 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows: Detail of the Applications Received
Note: The Issue also includes 78,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal.
In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 8,40,000 Equity Shares in Retail Category & over subscription 5,82,000 Equity Shares in Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange -BSE Ltd on March 27,2017.
A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 78,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotmentto the Retail Individual Investors, at the Issue Price of Rs 25/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 8,46,000 Equity Shares. The category was subscribed by 1.99 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 25/-per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 5,82,000 Equity Shares. The category was subscribed by 2.00 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on March 27,2017 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 29, 2017 for unblocking of funds. The Equity Shares allotted 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 SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on March 30, 2017, subject to receipt of listing and trading approvals from BSE.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 06,2017 ("Prospectus"). INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrarto the
Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com
Bigshare Services Private Limited
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 MAXIMUS INTERNATIONAL LIMITED.
MAXIMUS INTERNATIONAL LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with Registrar of Companies, Ahmedabad. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.maximusinternational.in, www.bseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled "Risk Factors" beginning on page 10 of the Prospectus.
The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S underthe U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur