SIKKO
INDUSTRIES LIMITED
CIN:U51909GJ2000PLC037329
Our Company was originally incorporated as "Sikko Sprayers Private Limited"
on February 8, 2000 under the provisions of Companies Act. 1956 vide certificate of
Incorporation issued by Deputy Registrar of Companies, Gujarat. Dadra and Nagar Haveli at
.Ahmedabad. Consequent up on the conversion of our Company into public limited company,
the name of our Company was changed to"Sikko Sprayers Limited" vide fresh
certificate of incorporation dated March 16. 2010 issued by the Assistant Registrar of
Companies. Gujarat. Dadra and Nagar Haveli Subsequently the name of our company was
changed to "Sikko Industries Limited" and Fresh certificate of Incorporation
pursuant to change of name was issued by Assistant Registrar of Companies, Gujarat and
Dadra Nagar Haveli on March 17. 2010.
Registered office: 508, Iscon Elegance. Nr. Jain
Temple. Nr. Prahladnagar Pick up Stand. Vejalpur. Ahmedabad - 380 051. Website:
www.sikkoindia.com Company Secretary and
Compliance Officer: Ms. Maitry Doshi; Tel No.: +91-79-6616 8950:
E-Mail; compliance@sikkoindia.com
PROMOTERS OF THE COMPANY:
Mr. Ghanshyambhai kumbhani & Mr.Jayantibhai kumbhani
BASIS OF ALLOTMENT
SIKKO INDUSTRIES LIMITED-SME IPO
PUBLIC ISSUE OF 16.00.000 EQUITY SHARES OF FACE VALLUE OF RS 10 EACH
OF SIKKO INDUSTRIES LIMITED ("SIL"OR THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS 32 PER EQUITY SHARE INCLUDING A SHARE
PREMIUM OF RS 22 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 512.00
LACS ("THE ISSUE") OF WHICH 80.000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR
CASH AT A PRICE OF RS 32 PER EQUITY" SHARE INCLUDING A SHARE PREMIUM OF RS 22 PER
EQUITY SHARE AGGREGATING TO RS 25.60 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET
MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE
MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 15.20.000 EQUITY SHARES OF FACF VALUE
OF RS 10 EACH AT A PRICE OF RS 32 PER EQUITY' SHARE INCLUDING PREMIUM OF RS 22 PER EQUITY
SHARE AGGREGATING TO RS 486.40 LACS IS HEREIN AFTER REFERRED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28,57% AND 27.14% RESPECTIVELY OF
THE POST ISSUE PAID UP EQUITY 'SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated March 29.2017 and as per Regulation 43 (4) of SEBI (ICDR)
Regulations. 2009 wherein (a) minimum of 50" .of the Net Offer to Public shall be
initially made available to Retail Individual Investor and (b) The balance net offer of
shares to the public shall be made available for allotment to i) individual applicants
other than retail individual investors and ii) other investors including corporate bodies
or institutions, irrespective of number of specified securities applied for. c) The
unsubscribed portion in either of the categories specified in (a) or (b) above may be
allocated to the applicants in the other category.
Explanation: For the purpose of Regulation 43 (4) of SFBI (ICDR)
Regulations. 2009. if the retail individual investor is entitled to more than fifty
percent, on proportionate basis, the retail individual investors shall be allocated that
higher percentage THE FACE VALUE OF THE EQUITY SHARES IS RS 10/-EACH AND THE ISSUE PRICE
IS RS 32/- EACH INCLUDING SHARE PREMIUM OF RS 22 PER EQUITY SHARE. THE ISSUE PRICE
IS 3.2 TIMES OF THE FACE VALUE. ISSUE OPENED ON APRIL 5.20I7 (WEDNESDAY) AND CLOSED ON
APRIL 7,2017 (FRIDAY).The Equity Shares offered through the Prospectus are proposed to be
listed on Emerge Platform 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 observation letter dated March 17.2017 from
National Stock Exchange of India Limited for using its name in the offer document for
listing our shares on the Emerge Platform of National Stock Exchange of India Limited. For
the purpose of this Issue, the designated Stock Exchange will be the National Stock
Exchange of India Limited ("NSE")
SUBSCRIPTION DETAILS
Details of Applications:
The Issue has received 3550 application (before Technical Rejections) for 1,92,68,000
Equity Shares (Including Market Maker Application of 80.000 Equity Shares) resulting
12.042 times subscription. The details of the applications received in the Issue (before
rejections) are as follows:
Details of the valid Applications Received (before Technical Rejections &
Withdrawal of Application):
Category |
No, of Applications |
No, of Equity Shares |
Subscription Ratio |
Market Maker |
1 |
80,000 |
1.000 times |
Other than Retail Individual Investors |
108 |
54,24,000 |
7.137 times |
Retail Individual Investors |
3441 |
1,37,64,000 |
18.111 times |
Total |
3550 |
1,92,68,000 |
12.042 times |
Total 48 application received in Retail Individual Investor
Category were rejected on technical grounds Further, there was no withdrawal of
application in any of the category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - National Stock Exchange of India Limited on April 12, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs 32/- per Equity
Share. was finalized in consulation with NSE. The category was subscribed by 1.00 times.
The total number of shares allotted in this category is 80,000 Equity shares in full, out
of reserved portion of 80,000 Equity Shares.
B. Allocation to Retail Individual Investor (After Technical Rejections &
Withdrawal, if any): The Basis of Allotment to the Retail Individual Investois.
at the issue price of Rs 32/- per Equity Share, was finalized in consultation with NSE.
The category was subscribed by 12.474 times. Total number of shares allotted in this
category is 10,88,000 Equity Share as under;
No.of Shares Applied for (Category
wise) |
No. of Appli cations
received |
%
to total
|
Total No. of Equity Shares applied |
% of total
|
Proport
ionate Shares Available |
Allocati on per
Applicant (Befor Rounding off) |
Allocati on per
Applicant (After Rounding off) |
Ratio of Allott ees to the Appli
cants |
Serial Number of Qualifying
applicants |
Number of Successful
Applicants (After Rounding off) |
%
To Total
|
Total No.of Equity Shares allocated/
allotted
|
%
to Total
|
Surplus/ (Deficit off)
|
4,000 |
3393 |
100.00 |
13572000 |
100.00 |
1088000 |
320.66 |
4000 |
2:25 |
20,22 |
272 |
100.00 |
1088000 |
100.00 |
0 |
Total |
3393 |
100.00 |
13572000 |
100.00 |
1088000 |
|
|
|
|
272 |
100.00 |
1088000 |
100.00 |
0 |
C. Allcation to Non Retail Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors,
at the issue price of Rs 32/- per Equity Share, was finalized in consultation with NSE.
The category was subscribed by 12.556 times Total number of shares allotted in this
category is 4,32,000 Equity Shares The category wise basis of allotment is as under:
No.of Shares Applied for (Category
wise) |
No. of Appli cations
|
%
to total
|
Total No. of Equity Shares applied |
%
of total
|
Proport
ionate Shares Available |
Allocati on per
Applicant (Befor Rounding off) |
Allocati on per
Applicant (After Rounding off) |
Ratio of Allott ees to the Appli
cants |
Serial Number of Qualifying
applicants
|
Number of Successful
Applicants (After Rounding off) |
%
to Total
|
Total No.of Equity Shares allocated/
allotted
|
%
to Total
|
Surplus/ (Deficit)
(Rounded off)
|
8000 |
24 |
22.22 |
192000 |
3.54 |
15292 |
637.17 |
4000 |
1:6 |
1 |
4 |
6,90 |
16000 |
3.70 |
708 |
12000 |
18 |
16.67 |
216000 |
3.98 |
17204 |
955.75 |
4000 |
2:9 |
1,4 |
4 |
6,90 |
16000 |
3.70 |
(1204) |
16000 |
10 |
9.26 |
160000 |
2.95 |
12743 |
1274.34 |
4000 |
3:10 |
3,4,8 |
3 |
5,17 |
12000 |
2.78 |
(743) |
20000 |
7 |
6.48 |
140000 |
2.58 |
11150 |
1592.92 |
4000 |
3:7 |
3,4,5 |
3 |
5,17 |
12000 |
2.78 |
850 |
24000 |
1 |
0.93 |
24000 |
0.44 |
1912 |
1911.50 |
4000 |
1:1 |
|
1 |
1,72 |
4000 |
0.93 |
2088 |
28000 |
3 |
2.78 |
84000 |
1.55 |
6690 |
2230.09 |
4000 |
2:3 |
1,2 |
2 |
3,45 |
8000 |
1.85 |
1310 |
32000 |
6 |
5.56 |
192000 |
3.54 |
15292 |
2548.67 |
4000 |
4:6 |
1,2,3,5 |
4 |
6,90 |
16000 |
3.70 |
708 |
40000 |
9 |
8.33 |
360000 |
6.64 |
28673 |
3185.84 |
4000 |
7:9 |
1,2,3,5,4,5,6,7 |
7 |
12,07 |
28000 |
6.48 |
(673) |
44000 |
2 |
1.85 |
88000 |
1.62 |
7009 |
3504.42 |
4000 |
1:1 |
|
2 |
3,45 |
8000 |
1.85 |
991 |
48000 |
2 |
1.85 |
96000 |
1.77 |
7646 |
3823.01 |
4000 |
1:1 |
|
2 |
3,45 |
8000 |
1.85 |
354 |
52000 |
3 |
2.78 |
156000 |
2.88 |
12425 |
4141.59 |
4000 |
1:1 |
|
3 |
5,17 |
12000 |
2.78 |
(425) |
60000 |
1 |
0.93 |
60000 |
1.11 |
4779 |
4778.76 |
4000 |
1:1 |
|
1 |
1,72 |
4000 |
0.93 |
(779) |
64000 |
2 |
1.85 |
128000 |
2.36 |
10195 |
5097.35 |
4000 |
1:1 |
|
2 |
3,45 |
8000 |
1.85 |
(2195) |
68000 |
1 |
0.93 |
68000 |
1.25 |
5416 |
5415.93 |
4000 |
1:1 |
|
1 |
1,72 |
4000 |
0.93 |
(1416) |
76000 |
1 |
0.93 |
76000 |
1.40 |
6053 |
6053.10 |
8000 |
1:1 |
|
1 |
1,72 |
8000 |
1.85 |
1947 |
80000 |
3 |
2.78 |
240000 |
4.42 |
19115 |
6371.68 |
8000 |
1:1 |
|
3 |
5,17 |
24000 |
5.56 |
4885 |
92000 |
2 |
1.85 |
184000 |
3.39 |
14655 |
7327.43 |
8000 |
1:1 |
|
2 |
3,45 |
16000 |
3.70 |
1345 |
100000 |
4 |
3.70 |
400000 |
7.37 |
31858 |
7964.60 |
8000 |
1:1 |
|
4 |
6,90 |
32000 |
7.41 |
142 |
104000 |
3 |
2.78 |
312000 |
5.75 |
24850 |
8283.19 |
8000 |
1:1 |
|
3 |
5,17 |
24000 |
5.56 |
(850) |
124000 |
1 |
0.93 |
124000 |
2.29 |
9876 |
9876.11 |
8000 |
1:1 |
|
1 |
1,72 |
8000 |
1.85 |
(1876) |
128000 |
1 |
0.93 |
128000 |
2.36 |
10195 |
10194.69 |
8000 |
1:1 |
|
1 |
1,72 |
8000 |
1.85 |
(2195) |
156000 |
1 |
0.93 |
156000 |
2.88 |
12425 |
12424.78 |
12000 |
1:1 |
|
1 |
1,72 |
12000 |
2.78 |
(425) |
276000 |
1 |
0.93 |
276000 |
5.09 |
21982 |
21982.30 |
20000 |
1:1 |
|
1 |
1,72 |
20000 |
4.63 |
(1982) |
392000 |
1 |
0.93 |
392000 |
7.23 |
31221 |
31221.24 |
32000 |
1:1 |
|
1 |
1,72 |
32000 |
7.41 |
779 |
1172000 |
1 |
0.93 |
1172000 |
21.61 |
93345 |
93345.13 |
92000 |
1:1 |
|
1 |
1,72 |
92000 |
21.30 |
(1345) |
Total |
108 |
100.00 |
5424000 |
100.00 |
432000 |
|
|
|
|
58 |
100.00 |
432000 |
100.00 |
0 |
The Board of Directors of the Company at its meeting held on April 12.
2017 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. NSE and has authorized the corporate action for the
transfer of the Equity Shares /dispatch of share certificates to various successful
applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are beinp dispatched to the
address of the Applicants as registered with the depositories as filled in the
application form on or before April 15. 2017 Further, the instructions to Self Certified
Syndicate Banks being processed on or before April 13. 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 the
National Stock Exchange of India Limited within Six working days from the date of the
closure of the Issue. The trading is proposed to be commenced on or before April 18, 2017
subject to receipt of listing and trading approvals from the 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. Purva Sharegistry (India) Private Limited at www.purvashare.com All future corrspondence 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:
Purva Sharegistry (India) Private Limited
Address: Unit no 9. Shiv Shakti Industrial Estate. JR Boricha Marg.
Lower Parel (East). Mumbai - 400011
Tel: +91-22-23018261/23016761: Fax: +91-22-23012517;
Website: www.purvashare.com; SEBI
REGN NO: INR000001112
Contact Person: Mr.purva shah
Email Id: busicomp@vsnl.com
Place: Ahmedabad
Date: April 14. 2017
|
On behalf of the Board of Drectors
For Sikko Industries Limited
Sd/-
Ghanshyambhai Kumbhani
Chairman and Whole Time Director
DIN: 00587855 |
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 SIKKO INDUSTRIES
LIMITED.
Note All capitalized terms used and not defined herein shall have the respective meanings
assigned to them in the Prospectus. |