|Basis of Allotment|
is only an advertisement for Information purpose. This is not a Prospectus announcement
and does not constitute an invitation or offer to acquire, purchase or subscribe for
securities. Not for publication or distribution, directly or indirectly outside India.)
BANSAL MULTIFLEX LIMITED
Our Company was originally incorporated as Bansal Tradeworld Private Limited at Ahmedabad, Gujarat as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated November 27,2013 bearing Corporate Identification Number U52100GJ2013PTC077651 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. The name of our Company was changed to Bansal Multiflex Private Limited on August 24, 2016 vide a fresh Certificate of Incorporation issued by the Deputy ROC, Registrar of Companies, Ahmedabad, Gujarat. Subsequently our Company was converted into a public limited company pursuant to special resolution passed by the members in Extraordinary General Meeting held on August 17,2016 and the name of our Company was changed to Bansal Multiflex Limited vide a Fresh Certificate of Incorporation dated September 01, 2016, issued by Deputy ROC, Registrar of Companies, Ahmedabad Gujarat. For details of Incorporation.Change in name and Registered Office of our Company, please refer to chapter titled 'General Information and Our History and Certain Other Corporate Matters' beginning on page 63 and 165 respectively of the Prospectus
Registered Office 72, The Nutan Guj.Co Op Shops and Warehouses
Soc. O/S Raipur Gate Near Laxmi Cotton Mill, Ahmedabad Gujarat 380022 India.
PROMOTERS OF OUR COMPANY: ANUPKUMAR BANSAL AND SUMANKUMAR BANSAL
INITIAL PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF BANSAL MULTIFLEX LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 31/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 21/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 620.00 LAKHS ("THE ISSUE"), OF WHICH 1,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 31/- PER EQUITY SHARE, AGGREGATING RS. 32.24 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION").THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,96,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 31/- PER EQUITY SHARE, AGGREGATING RS. 587.76 LAKHS IS HEREINAFTER REFEREDTO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% AND 25.99% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 19, 2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(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 /institutions irrespective of no. of shares applied for.
(c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. 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. All Investors have participated in this offerth rough ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 265 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND
The Equity Shares offered through the Prospectus are proposed to be listed on the 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 approval letter dated June 12,2017 from National Stock Exchange of India Limited for using its name in the offer Document for listing of our Shares on EMERGE Platform of National Stock Exchange of India Limited. The designated stock exchange is EMERGE Platform of the National Stock Exchange of India Limited ("NSE EMERGE")
The Issue has received 1552 applications for 85,96,000 Equity shares (Before Technical Rejections, Bids not Banked and Invalid Duplicate Bids) (including Market Maker Application of 1,04,000 Equity Shares) resulting 4.30 times subscription. After considering, Technical Rejection cases, Bids not Banked and invalid Duplicate Bids) the issue was subscribed 3.95 times (including the Market Maker Portion). The details of application received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
Note: Additional lot of 4,000 shares given in applied shares category 24,000 and 4,84,000 after Proportionate allocation.
ALLOCATION: The Basis of Allotmentwas finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on July 07,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 31/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,04,000 Equity Shares in full out of reserved portion of 1,04,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 31/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 4.11 times. Total number of shares allotted in this category is 14,40,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 31/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 4.11 times. Total number of shares allotted in this category is 4,56,000 Equity Shares. The category wise basis of allotment is as under:
'Note: Additional lot of 4,000 shares given in applied shares category 24,000 and 4,84,000 after Proportionate allocation.
The Board of Directors of the Company at its meeting held on July 07,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz.National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/as filled in the application form on or before July 12, 2017. Further, the instructions to SCSBs is issued on July 10,2017 for unblocking of funds. 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. 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before July 12,2017 subject to receipt of listing and trading approval from 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 at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
BIGSHARE SERVICES PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OFTHE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF BANSAL MULTIFLEX