|Basis of Allotment|
(This is only an advertisement for information purpose and not a Prospectus announcement)
YUG DECOR LIMITEDCIN: U24295GJ2003PLC042531
Our Company was incorporated as Yug Adhesive Private Limited under the provision of the Companies Act, 1956 vide certificate of incorporation dated June 23, 2013 issued by the Asstt. Registrar of Companies. Gujarat, Dadra & Nagar Haveli. Subsequently, the name of our Company was changed to Yug Decor Private Limited and a fresh certificate of incorporation dated December 7, 2004 pursuant to change of name was issued by Registrar of Companies. Gujarat. Consequent upon the conversion of our Company into public limited company, the name of our Company was changed to Yug Decor Limited and fresh certificate of incorporation dated September 14, 2016 was issued by the Deputy RoC, Registrar of Companies. RoC - Ahmedabad. The Corporate Identification Number of our Company is U24295GJ2003PLC042531.
Registered office:1011,Sakar -5, B/h. Natraj Cinema,
Ashram Road, Ahmedabad- 380009.
PUBLIC ISSUE OF 11,08.000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF YUG DECOR LIMITED ("YDL" OR THE 'COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 26/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 16/- PER EQUITY SHARE (THE 'ISSUE PRICE") AGGREGATING TO RS. 288.08 LACS ("THE ISSUE"). OF WHICH 60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT A PRICE OF RS.26 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.16 PER EQUITY SHARE AGGREGATING TO RS. 15.60 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 10,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 26/- PER EQUITY SHARE AGGREGATING TO RS.272.48 LACS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.57% AND 25.13%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated May 11, 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 intially made available to Retail Individual Investors as the case may be (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 or institutions, irrespective of no. of shares applied for
Explanation: for the purpose of Regulation 43(4) of SEBI (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 SHARE IS RS. 10.00 EACH AND THE
ISSUE OPENED ON MAY 18, 2017 (THURSDAY) AND CLOSED ON MAY 23, 2017 (TUESDAY).
The Equity Shares offered through the Prospectus are proposed to be listed on the BSE SME Platform. Our Company has received an approval letter dated May 04, 2017 from BSE for using its name in this offer document for listing our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ("BSE").
Details of the application
The Issue has received 304 (before technical rejections) applications for 25,00.000 Equity Shares (Including Market Maker Application of 60,000 Equity Shares) resulting 2.26 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the valid Applications Received (Before Technical Rejection & withdrawal of application):
The Three and One applications received in retail individual investors category and other than retail individual investors category respectively were rejected on technical ground.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited ("SME platform of BSE") on May 26, 2017.
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs.26 /- 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 60,000 Equity shares in full out of reserved portion of 60,000 Equity Shares.
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. 26 /- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.97 times. Total number of shares allotted in this category is 5,24,000:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.26/- per Equity Share, was finalized in consultation with BSE. The categry was subscribed by 2.64 times Total number of shares allotted in this category is 5,24,000:
The Board of Directors of the Company at its meeting held on May 26, 2017 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before May 29, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to May 29, 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. The trading is proposed to be commenced on or before May 31, 2017 subject to receipt of listing and trading approvals from the BSE Limited ("SME Platform of BSE").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Satellite Corporate Services Private Limited at www.satellitecorporate.com. 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:
SATELLITE CORPORATE SERVICES 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 YUG DECOR LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus