|Basis of Allotment|
(This is only an advertisement for Information purpose.
This is not a Prospectus announcement and does not constitute an invitation or ofter to
acquire, purchase or subscribe for securities. Not for publication or distribution,
directly or indirectly outside India.)
Our Company was originally incorporated as R.M. Drip & Sprinklers Systems Private Limited as a Private limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation issued by Registrar of Companies, Mumbai, Maharashtra on December 20, 2004 bearing Corporate Identification No. U27200MH2004PTC150101. Subsequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on April 28, 2017 and the name of our Company was changed to 'R M Drip and Sprinklers Systems Limited' and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated June 27, 2017 was issued by Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our Company is U27200MH2004PLC150101. For further details of change of name and registered office of our Company, please refer to chapter titled "Our History and Certain Other Corporate Matters" beginning on page 158 of the Prospectus.
Registered Office: Gat No. 475, Village Gonde,
Taluka Sinnar, Nashik, Mahrashtra-422113, India
PROMOTERS OF OUR COMPANY: VIJAYKUMAR KSHIRSAGAR, SHUBHANGI
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE 20,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 57 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 47 PER EQUITY SHARE) AGGREGATING UP TO RS. 1145.70 LAKHS (THE "ISSUE"), OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 62.70 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 19,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 1083.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.04% AND 28.40% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
RISKS TO INVESTORS:
I. As on date of the Prospectus, the average cost of
acquisitioin per Equity Share by our Promoters viz. Vijaykumar is 4.34, Shubhangi
Kshirsagar is 2.87, Arjun Makani is 6.44, Lilaben Makani is 5.64, Nivrutti kedar is 6.44
and Surekha Kedar is 5.64.
(a) minimum of 50% of the Net Offer to Public
shall initially be made available to Retail Individual Investors.
THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
The Equity Shares of our Company issued 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 August 14, 2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Planform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.
The Issue has received 591 applicationis for 25,08,000 Equity shares (Before Technical Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,10,000 Equity Shares. The issue was subscribed to the extent of 1.25 times as per the application data (before technical rejection, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.03 times.
The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)
Note: Revised subscription under Other than Retail Individual
Investors category has been calculated after considering the spill over of 1,40,000 equity
shares from Retail individual Investors Category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the national Stock Exchange of India Limited on September 28, 2017
A. Allocation to Market Maker (After Technical Rejections and bids not banked): The Basis of Allotment to the Market Maker, at the issue price of Rs. 57/- per Equity Share, was 1,10,000 Equity shares in full out of reserved portion of 1,10,000 Equity Shares.
B. Allocation to Retail Individual Investors(After Technical Rejections and bids not banked): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 57/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The Category was subscribed by 0.8526 times. Total number of shares allotted in this category is 8,10,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail individual Investors(After Technical Rejections and bids not banked): The Basis of Allotment to Other than Retail individual Investors, at the issue price of Rs. 57/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.053 times. Total number of shares allotted in this category is 10,90,000* Equity Shares. The category wise basis of allotment is as under:
*Includes original reservation of 9,50,000 Equity Shares and spillover from Retail Individuals Investor category of 1,40,000 shares.
The Board of Directors of the Company at its meeting held on September 29, 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.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the registrar to the
Issue at www.bigshareonline.com All future
correspondence in the 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:
THE LEVEL OF SUBSCRITION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF R M DRIP AND
SPRINKLERS SYSTEMS LIMITED