|Basis of Allotment|
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT
FOR DISTRIBUTION OUTSIDE INDIA.)
AKM LACE AND EMBROTEX LIMITED
Our Company was incorporated as AKM Lace and Embrotex Private Limited on November 26,2009 underthe Companies Act, 1956 with the Registrar of Companies, Delhi bearing Registration No. 196375 and having its Registered Office in Delhi. Subsequently, the status of our Company was changed to a public limited company and the name of our Company was changed to AKM Lace and Embrotex Limited vide Special Resolution dated May 04,2017. A fresh Certificate of Incorporation consequent upon change of name was issued on May 15,2017 by the Registrar of Companies, Delhi. The Company's Corporate Identity Number is U17291DL2009PLC196375. For further details pertaining to the change in Registered Office, please refer the chapter "History and Certain Corporate Matters" on page no. 77 of the Prospectus.
Registered Office: IX/6024, Ram Gali, Subhash Mohalla, Gandhi
Nagar, Delhi -110031
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 19,02,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF AKM LACE AND EMBROTEX LIMITED ("AKMLEL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 25 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 475.50 LAKHS ("THE ISSUE"), OF WHICH 1,02,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,00,000 EQUITY SHARES OF RS 10 EACH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 63.14% AND 59.76%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated August 22,2017. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on September 29,2017 (Subject to receipt of listing and trading approvals from the BSE Limited). The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Net Issue has received 147 applications for 20,64,000 Equity Shares
resulting in 1.15 times subscription. The details of the applications received in the Net
Issue (before and after technical rejections & withdrawal) are as follows:
Note: The Issue also includes 1,02,000 Equity Shares reserved for Market Maker,
which was subscribed by 1.00 time and there were no Technical Rejection &
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 25 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 1,02,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 25 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,68,000 Equity Shares. The category was subscribed by 0.85 times. The under subscribed 1,32,000 Equity Shares in this Category have been spilled over to Non Retail Category. The category-wise details of the Basis of Allotment are as under:
C. Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 25 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 10,32,000 Equity Shares. The category was subscribed by 1.12 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on September 27,2017 has
taken on record the Basis of Allotment of Equity Shares, as approved by the Designated
Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the
Equity Shares to various successful applicants.The CAN and allotment advice and / or
notices have been dispatched to the address of the investors as registered with the
depositories. Further, the instructions to Self Certified Syndicate Banks have been
processed on or before September 28,2017 for unblocking of funds. The Equity Shares
allotted 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 SME Platform of BSE Limited within 6 working days from the Closure of the
Issue. The trading is proposed to be commenced on September 29,2017, subject to receipt
of listing and trading approvals from BSE Limited.
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue 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 given below:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING ORTHE BUSINESS PROSPECTS OF AKM LACE AND EMBROTEX LIMITED.