|Basis of Allotment|
is only an advertisement for information purpose and not a prospectus announcement)
A & M FEBCON LIMITED
Our Company was originally; formed and registered as a partnership firm under the Partnership Act. 1932 in name and style of Messrs. 'A & M MARKETING' pursuant to a partnership deed dated August 31,2011.The firm was registered on May 1, 2013 under the provisions of the Indian Partership Act, 1932, with Registrar of Firms, Ahmedabad Division, Ahmedabad under Registration No. G. U J/AMG/18822.B y and under a partnership deed dated September 5, 2011, the partnership was reconstituted. Thereafter, by an d under a partnership deed dated March 8, 2013 the name of the firm was changed to Messrs, 'A & M FUBCON' a nd five new parteners were admitted to the partnership. The principal pace of business of the partnership firm waschanged to A-2, Hira Anand Tower Gordhanwadi Tekra. Kankaria. Ahmedabad 380008. Gujarat. M /s. A & M FEBCON was thereafter converted from a partnership firm to a privaie limited company under Part IX of Companies Act, 1956 under the- name of "A & M FEBCON private LIMITED". A certificate of incorporation dated 18th june 2013 bearing registration no. 075662 was issued ty the Registrar of Companies, Ahmedabad to our Company. Subsequently, A & M FEBC ON PRIVATE LIMITED was converted from a private limited company to a public limited company under the provisions of Companies Act, 201. Consequent upon the conversion of our Company into a public limited company, the name of our Company was changed to "A & M Febcon Limited" and a fresh certificate of incorporation dated 15th March 2017 bearing registration no. 075662 was issued by the Registrar of Companies, Ahmedabad. The Corporate identity Number of our Company is U2811345J201 3PLC075662. .For 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 Matter' beginning on page 35and 102 respectively of this Prospectus.
Registered Office: A -2. Hira Anand Tower, Gordhanwadi
Tekra. Kankaria. Ahmedabad 380008, Gujarat
PROMOTERS OF THE COMPANY: MRS ZALAK PURVESHBHAI PARIKH AND MRS. RENUKABEN RAMESHBHAI SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 37,12,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF A & M FEBCON LIMITED (THE" COMPANY" OR THE ISSUER) FOR CASH AT A PRlCE OF RS. 18 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 8 PER EOUITY SHARE (THE " ISSUE PRICE") AGGREGATING TO RS 668.1 LACS ("THE ISSUE"). OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH FOR CASH AT A PRICE OF RS.18 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 8 PER EQUITY SHARE AGGREGATING TO RS. 34.56 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 35,20,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH AT A PRICE OF RS 18 PER EQUITY SHARE AGGREGATING TO RS 633.60 LACS IS HEREIN AFTER REFERRED TO AS THE NET ISSUE . THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.56% AND 38.46 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITALOF OUR COMPANY.
In terms of Prospectus dated August 24, 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 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 SHARES IS RS 10 EACH AND THE TSSUE
PRICE IS RS 18/- EACH.
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 September 11, 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").
The Issue has received 582 (before technical rejections)applications for 51,36,000 Equity Shares (Including Market Maker Application of 1,92,000 Equiiy Shares) resulting 1.3836 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):
The four applications received in retail individual investors category was rejected on technical ground.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited ("SME platform ot BSE") on September 11, 2017.
A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at the issue price of Rs. 13/- 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 1,92,000 Equity shares in full out of reserved portion of 1,92,000 Equity Shares,
B. Allocation to Retail Individual Investors (After Technical Rejections); The Basis of Allotment to the Retail Individual investors, at the issue price ol Rs. 18/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.377129 Times. Total number of shares allotted in this category is 32,88,000;
C. Altocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail investors, at the issue price of Rs. 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed: by 1.413793 times. Total number of shares allotted in this category is 2,32,000:
The Board of Directors of the Company at its meeting held on September 11, 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 dernaterialised form to various successful applicants.
The CAN-curn-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 September 12,2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to September 11, 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 Limiied within six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before September 11 2017 subject to receipt of listing and trading approvals from the BSE Limited ("SME Platform ol BSE").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website ol the Registrar to the Issue, Karvy Computershare Private Limited at https://karisma.karvy.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 ot 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:
KARVY COMPUTERSHARE PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MAFKET PRICE 0F THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF A & M FEBCON LIMITED
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.