|Basis of Allotment|
is only an advertisement for information purpose and not a prospectus announcement.)
Our Company was originally incorporated on January 28, 2010, in the name and style of' SMVD Poly Pack Private Limited" under the provisions of the Companies Act, 1956 with the Deputy Registrar of Companies, West Bengal. Subsequently, our Company was converted into a public company pursuant to special resolution passed by the members of theCompahy at the Extra Ordinary General Meeting of our Company held on July 31, 2017 and the name of our Company was changed to "SMVD Poly Pack Limited" and a Fresh Certificate of Incorporation consequent upon conversion to public limited Company dated August 22, 2017 was issued by the Registrar of Companies, Kolkata, bearing Corporate identity Number U25200WB2010PLC141483.
Registered Office: 71, BRB., Basu Road, Block - A, Room No. 513,
Kolkata, West Bengal - 700001; Email: email@example.com;
PROMOTERS OF THE COMPANY:
MR. PRAMOD KUMAR AGARWAL, MS. SANGITA AGARWAL AND AASHAKIRAN COMMODEAL PRIVATE LIMITED
SMVD POLY PACK LIMITED - SME IPO
INITIAL PUBLIC ISSUE OF 16,40,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH (THE " EQUITY SHARES") OF SMVD POLY PACK LIMITED ("SMVD" OR THE "COMPANY") FOR CASH AT A PRICE OF Rs. 55.00 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO Rs. 902.00 LAKHS (THE "ISSUE"), OF WHICH, 84,000 EQUITY SHARES OF Rs. 10.00 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 15,56,000 EQUITY SHARES OF Rs. 10.00 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.03% AND 31.34%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated December 06, 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 and (b) The balance net offer of shares to the public shall be made available for allotment to the (i) individual applicants other than retail individual investors and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. (c) The unsubscribed portion of the net issue to any one of the categories specified in (a) or (b) shall/may be made available for allocation to applicants in the other category, if so required. 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. 10.00 EACH AND THE ISSUE PRICE IS RS. 55.00 EACH INCLUDING A SHARE PREMIUM OF RS. 45.00 PER EQUITY SHARE. THE ISSUE PRICE IS 5.5 TIMES OF THE FACE VALUE ISSUE OPENED ON WEDNESDAY, DECEMBER 13,2017 AND CLOSED ON FRIDAY, DECEMBER 15,2017.
The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received In-Principle Approval Letter dated November 28, 2017 from NSE for using its name in the offer document for listing our shares on the Emerge Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be the NSE.
Details of Applications:
The Issue has received 9,949 applications (before Technical Rejections) for 2,40,20,000 Equity Shares (Including Market Maker Application of 84,000 Equity Shares) resulting 14.65 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Total 133 applications received in Retail Individual Investors Category and other than Retail Individual Investors Category for 2,64,000 and 10,000 Shares respectively, were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on December 20, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 55.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 84,000 Equity shares infull, out of reserved portion of 84,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors,at the issue price of Rs. 55.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 15.20 times. Total number of shares allotted in this category is 1280000 Equity Share as under;
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 55/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 15.25 times. Total number of shares allotted in this category is 2,76,000 Equity Shares. The category wise basis of allotment is as under:
Note: Additional Lot of 2000 Shares is given in applied shares category of 46,000, 72,000, 80,000 & 1,00,000 Equity Shares after proportionate allocation
The Board of Directors of the Company at its meeting held on December 20, 2017 has
taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange relational Stock Exchange of India Limited and has authorized the corporate
action for the transfer of the Equity Shares / dispatch of share certificates to various
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at 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 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:
SKYLINE FINANCIAL SERVICES 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 SMVD POLY PACK LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.