|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 Not for publication or distribution, directly or indirectly outside India.)
POOJAWESTERN METALIKS LIMITED
Our Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name of "Pooja Precision Products" and "Pooja Metal Industries", pursuant to deed of partnership dated January 1,1993 and August 1,2002 respectively. Thereafter both firms were converted to a public limited company under Part XXI of the Companies Act, 2013 under the name of "Poojawestern Metaliks Limited" at Dared, Jamnagar, Gujarat under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated November 9, 2016 bearing Corporate Identification Number U27320GJ2016PLC094314. The partners of both partnership firm are initial subscribers to Memorandum of Association of our Company. For further details of Incorporation, Change of 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 66 and page 146 of the Prospectus.
Registered Office: Plot No.1, Phase II.GIDC, Dared,
Jamnagar, Gujarat - 361004, India
PROMOTERS OF OUR COMPANY: SUNIL PANCHMATIYA AND ANIL PANCHMATIYA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 15,21,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH
("EQUITY SHARES") OF POOJAWESTERN METALIKS LIMITED (THE "COMPANY" OR
THE "ISSUER") FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, INCLUDING A
SHARE PREMIUM OF RS. 26 /- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS.
547.56 LAKHS ("THE ISSUE"), OF WHICH 81,000 EQUITY SHARES OF FACE VALUE OF RS.
10/- EACH FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, AGGREGATING RS. 29.16 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. NET ISSUE
OF 14,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 36/-PER
EQUITY SHARE, AGGREGATING RS. 518.40 LAKHS IS HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.99% AND 28.40%
RESPECTIVELYOFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL
OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated July 31,2017 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stockexchange is BSE SME.
The Issue has received 739 applications for 2724000 Equity shares (Before Technical
Rejections but after Bids not Banked and Bid not registered) (including Market Maker
Application of 81000 Equity Shares) resulting 1.79 times subscription. After considering,
a Technical Rejection case, the issue was subscribed 1.77 times (including the Market
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with
the Designated Stock Exchange- BSE on September 30,2017
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 36/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.81 times. Total number of shares allotted in this category are 11,85,000 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. 367-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.82 times. Total number of shares allotted in this category is 2,55,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on October 03,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE and authorized corporate action for allotment of shares in
dematerialized form to various successful applicants.
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 OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF POOJAWESTERN