|Basis of Allotment|
is only an advertisement for information purpose and not a Prospectus announcement.)
SHEETAL COOL PRODUCTS LIMITED
Corporate Identification Number: U15205GJ2013PLC077205
Our Company was originally formed as a sole proprietorship under the name M/s. Shree Shital Industries in the year 2000. Subsequently sole proprietorship was converted into a partnership firm under the name M/s. Shree Shital Industries, pursuant to partnership deed dated June 17, 2013. Further; the name of the partnership firm was changed to Shital Cool Products on September 11, 2013. Shital Cool Products was there after converted from a partnership firm to a Private Limited Company under Part IX of the Companies Act, 1956 with the name of Sheetal Cool Products Private Limited and received a certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on October 14,2013. Our Company was subsequently converted into a public limited Company pursuant to special resolution passed at the Extra-ordinary General Meeting of our Company held on July 24, 2017 and the name of our Company was changed to Sheetal Cool Products Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Assistant Registrar of Companies. Ahmedabad dated August 10,2017. For further details of our Company, please refer "General Information" and "History and Certain Other Corporate Matters' on page numbers 35 and 85, respectively, of the Prospectus.
Registered Offce: G I D C, Plot No. 76-79-80,
Amreli-365601, Gujarat, India. | Contact Person: Dhaval P. Ghetia,
Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: BHUPATBHAI D. BHUVA, DINESH KUMAR D. BHUVA.
SANJAY D. BHUVA.
BASIS OF ALLOTMENT
PUBLIC ISSUE 0F 30,00,000 EQUITY SHARES OF A FAC E VALUE OF RS 10 EACH (THE" EQUITY SHARES") OF SHEETAL COOL PRODUCTS LIMITED ("OUR COMPANY" OR "SCPL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 80 PER EOUITY SHARE INCLUDING A SHARE PREMIUM OF RS 70.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2400.00 LAKHS ("THE ISSUE") OF WHICH 1,68,000 EQUITY SHARES AGGREGATING TO RS. 134.40 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 28,32,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 80.00 PER EQUITY SHARE AGGREGATING T0 RS 2266.50 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSLE WILL CONSTITUTE 28.57% AND 26.97%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY FOR FURTHER DETAILS, PLEASE REFER TERMS OF THE ISSUE" ON PAGE 167 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 "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS. PLEASE REFER T0 SECTION TITLED "ISSUE PROCEDURE'' BEGINNING ON PACE 174 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
The Equity Shares offered Through the Prospectus are proposed to be listed on the
SME platform of BSE Limited ("BSE SME") 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 October 06, 2017 from BSE Limited for using its name in the offer
document for listing of our Shares on the SME platform of BSE Limited. The designated
stock exchange is BSE Limited ("BSE"). The trading is proposed to be commenced
on or about October 30,2017*.
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 hy Self Certified Syndicate Banks; (the "SCSBs").
The Issue has received 15,253 applications for 9,34,12,800 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked / blocked) (including Market Maker Application of 1,68,000 Equity Shares) resulting In 31.14 times subscription, After considering, a Technical Rejection case, the issue was subscribed 30.92 times (including the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
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 - BSE Limited on October 25, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 80 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 1,68,000 Equity shams.
B. Allocation to Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to the Retail Individual Investors, at the issue pice of Rs 60 per
Equity Share, was finalized in consultation with NSE. The category was subscribed by 16.68
times. Total number of shares allotted in this category is 14,16,000 Equity Shares to 885
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 80 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 48.70 times. Total number of shares allotted in this category is 14,16,000 Equity Shares to 120 successful applicants.
The category wise basis of allotment is as under (SAMPLE):
The Board of Directors of the Company at its meeting held on October 25, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for allotment of shares in dematerialzed form to various successlul applicants.
The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with the depositories / as filled in the applicatinn form on October 27, 2017 Further, the instructions to Self Certified Syndicate Banks being processed on October 25,2017, In case the same is not received within prescribed time, 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 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 October 09, 2017 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be Hosted on the website of the Registrar to the Issue KARVY COMPUTERSHARE PRIVATE LIMITED at www.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 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:
KARVY COMPUTERSHARE PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT OF TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SHEETAL COOL PRODUCTS LIMITED.