|Basis of Allotment|
IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)
PASHUPATI COTSPIN LIMITED
Our Company was originally incorporated as "Pashupati Cotspin LLP" on January 07, 2013 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli vide (LLPIN:3046) and received a certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on January 07, 2013. Later, "Pashupati Cotspin LLP" was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of "Pashupati Cotspin Private Limited" and received a fresh certificate of incorporation from the Registrar of Companies Gujarat, Central registration Centre on July 03, 2017. The Corporate Identification Number of our Company is U17309GJ2017PTC098117. Later, our Company was converted into Public Limited Company and consequently name of company was changed from "Pashupati Cotspin Private Limited" to "Pashupati Cotspin Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on July 11, 2017 and a fresh certificate of incorporation dated July 18, 2017 issued by the Registrar of Companies Ahmedabad. For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 110 of the Prospectus.
Registered Office & Factory Unit: Survey No.404 At & Post
Balasar, Kadi-Detroj Road, Kadi, Mahesana - 382715, Gujarat, India.
PROMOTERS OF OUR COMPANY: MR. SAURIN JAGDISH BHAI PARIKH,
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 27,84,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF PASHUPATI COTSPIN LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 75.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 65.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2088.00 LAKHS ("ISSUE" ) OF WHICH 2,04,800 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 75.00 PER EQUITY SHARE, AGGREGATING TO RS 153.60 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,79,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 75.00 PER EQUITY SHARE AGGREGATING TO RS 1934.40 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.07% AND 25.08%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 215 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE "SEBIICDR REGULATIONS"), AS AMENDED.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE
ISSUE PRICE IS RS 75.00.
ISSUE OPENED ON MONDAY, AUGUST 28, 2017 AND CLOSED ON
THURSDAY, AUGUST 31, 2017.
The Equity Shares offered through Prospectus are proposed to be listed on the SME
Platform of National Stock Exchange of India Limited ("NSE EMERGE"). In terms of
the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to
obtain an in-principle listing approval for the shares being offered in this issue.
However, our Company has received an approval letter dated August 08, 2017 from NSE for
using its name in this offer document for listing of our shares on the SME Platform of NSE
("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange
will be the National Stock Exchange of India Limited. The trading is proposed to be
commenced on or about September 08, 2017.*
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The issue has received 1387 applications for 46,57,600 Equity Shares resulting in 1.673
times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on September 05,2017
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The
Basis of Allotment to the Market Maker, at the issue price of Rs 75 per Equity
Share, was finalised in consultation with National Stock Exchange Limited. The category
was subscribed by 1.00 times. The total number of shares allotted in this category is
2,04,800 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 75 per Equity Share, was finalized in consultation with National Stock
Exchange Limited. The category was subscribed by 1.597 times i.e. for 20,59,200 Equity
Shares. Total number of shares allotted in this category is 12,89,600 Equity Shares to 806
C. Allocation to Other than Retail Individual Investors (After Technical Rejections
& Withdrawal): The Basis of Allotment to Other than Retail Individual Investors,
at the issue price of Rs 75 per Equity Share, was finalized in consultation with National
Stock Exchange Limited. The category was subscribed by 1.810 times i.e. for 23,34,400
shares the total number of shares allotted in this category is 12,89,600 Equity Shares to
62 successful applicants.
The Board of Directors of the Company at its meeting held on September 06, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before September 07, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about September 06, 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 National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 21,2017 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Sharex Dynamic (India) Private Limited at www.sharexindia.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:
SHAREX DYNAMIC (INDIA) 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 PASHUPATI COTSPIN LIMITED.