|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT.)
SHRI RAM SWITCHGEARS LIMITED
Our Company was incorporated as Shri Ram Switchgears Private Limited under tne provisions of the Companies Act, 1956 vide certificate of incorporation dated September 06, 1985 in Madhya Pradesh. Subsequently, the name of the company was changed to Shri Ram Switchgears Limited pursuant to conversion into a public company vide Shareholders' approval on December 14, 2016 and fresh certificate of incorporation dated January 03, 2017. For details of change in registered office of our Company please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 136 of the Prospectus.
Registered Office : Shri Ram Bhawan, Goushala
Road, Ratlam, Madhya Pradesh - 457001, India; Tel No.: +91 7412 235554; Fax
No.: +91 7412 231095;
PROMOTERS OF THE COMPANY: MR. NILESH KUMAR JHALANI, MR. ROHlT
KUMAR JHALANI AND MR. DEVRAJ JHALANI
PUBLIC ISSUE OF 26,70,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID
UP OF SHRI RAM SWITCHGEARS LIMITED ("SRIRAM" OR "SRSL" OR THE
"COMPANY" OR THE ISSUER") FOR CASH AT A PRICE OF RS. 19 PER EQUITY SHARE
(THE "ISSUE PRICE") (INCLUDING SHARE PREMIUM OF RS. 9 PER EQUITY
SHARE) AGGREGATING RS. 507.30 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH
1,38,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP WILL BE RESERVED FOR
SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION").
THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,32,000 EQUITY SHARES
QF FACE VALUE OF RS 10 EACH FULLY PAID UP 1S HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.29% RESPECTIVELY OF
THE POST ISSUE PAID UP EQUITY SHARE CAPTTAL OF THE COMPANY
THE FACE VALUE Of THE EQUITY SHARES IS RS 10 EACH. THE ISSUE
PRICE IS RS 19 THE ISSUE PRICE IS 1.90 TIMES THE FACE VALUE,
PROPOSED LISTING: WEDNESDAY, JUNE 07, 2017*
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). In terms of the Chapter XB of the SEBI \(ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principie approval letter dated February 09, 2017 from NSE for using its name in the offer document for listing of its shares on nse Emerge Platform,
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Wednesday, June 07, 2017.*
*Subject to receipt of listing and trading approvals from the- National Stock Exchange of India Limned.
All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process bv providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Cerified Syndicate Banks (the "SCSBs")
This issue has received 18,820 applications for 18,36,84,000 equity shares resulting in 68.79 times subcription (including reserved portion of market maker). The details of the application received in the issue (before technical rejections ) are as follows:
Details of the Application Received (Before technical Rejections):
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications:
*As per regulation 43(4) of SEBl (ICDR) retail Individual Investor category is entitled to more than fifty percent on proportionate basis, the retail individual Investors shall be allocated that higher percentage.
Allocation: The Basis of Allotment was finalized in consultation with the Designated stock Exchange - ?National Stock Exchange of india limited on June 02,2017.
A. Allocation to Market Maker (After Technical Rejections); The Basis
of Allotment to the Market Maker, at the issue price of Rs.19 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 1,38,000 Equity Shares.
C. Allocation to other than Retail Individual Investors (After Technical Rejections); The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 19 per Equity share, was finalized in consultation with NSE. The category was subscribed 55.32 times. The total number of shares allotted in this category is 984000 Equity sahres to 69 successful applicants. The category wise details of the Basis of Allotment are as under:
* Please Note: Additional lot of 6000 Shares given in applied Shares category 2532000 after proportionate allocation
* In category 24000, 42000, 60000, 66000, 72000, 84000. 96000. 102000, 108000. 114000, 126000, 162000. 168000 & 174000 entitlement was less than minimum allotment lot, hence no shares were allotted in these categories
The Board of Directors of the Company at its meeting held on June 02, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Slock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices will be dlspatcned to the address of the Applicants as registered with the depositories on or before June 05, 2017. Further, the instructions to Sell Certified Syndicate Banks for unblocking, the amount are being processed on or prior to June 05, 2017. In case the same is not received within four working days, investors may contact Registrar 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 step to get the Equity Shares admitted for trading on NSE Emerge Platform 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 meaning assigned to them in the Prospectus dated May 11, 2017 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com. All future correspondencein this regard may kindaly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of the Applicalion Form, number of shares applied for and Bank Branch where the applicalion 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 SHARE ON LISTING OR THE BUSINESS PROSPECTS OT THE SHRI RAM SWITCHGEARS LIMITED.