|Basis of Allotment|
is only an advertisement for Information purpose. This is not a Prospectus announcement
and does not constitute an Invitation or offer to acquire, purchase or subscribe for
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A AND M JUMBO BAGS LIMITED
Our Company was originally incorporated as A and M Jumbo Bags Private Limited at Ahmedabad, Gujarat as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated May 27, 2011 bearing Corporate Identity Number U25202GJ2011PTC065632 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company held on September 09,2017 and the name of our Company was changed to A and M Jumbo Bags Limited and a Fresh Certificate of Incorporation consequent upon conversion of company to Public Limited dated September 25, 2017 was issued by Assistant Registrar of Companies, Ahmedabad, Gujarat,. The Corporate Identification number of our Company is U25202GJ2011PLC065632. 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 117 of this Prospectus.
Registered and Corporate Office Block 100, Bhagwati
Rice Mill, Opp. H.P Petrol Pump, Jetalpur, Ahmedabad 382426, Gujarat
PROMOTERS OF OUR COMPANY: PRATISH SHAH AND GITA PATEL
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 6,16,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF A AND M JUMBO BAGS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 65 /- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 55 /- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 400.40 LAKHS ("THE ISSUE"), OF WHICH 32,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 65/- PER EQUITY SHARE, AGGREGATING RS. 20.80 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 5,84,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 65/- PER EQUITY SHARE, AGGREGATING RS. 379.60 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 35.15% AND 33.32% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated January 22, 2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any 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. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 182 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE
The Equity Shares offered 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 November 30, 2017 from National Stock Exchange of India Limited for using its name in the offer Document for listing of our Shares on EMERGE Platform of National Stock Exchange of India Limited. The designated stock exchange is EMERGE Platform of the National Stock Exchange of India Limited ("NSE EMERGE")
The Issue has received 1547 applications for 36,34,000 Equity shares (Before Technical Rejection and unregistered bids but after Bids not Banked and Invalid Duplicate Bids) (including Market Maker Application of 32,000 Equity Shares) resulting 5.90 times subscription. After considering, Technical Rejection cases, Bids not Banked and invalid Duplicate Bids) the issue was subscribed 5.75 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection and unregistered bids but after Bids not Banked and Invalid Duplicate Bids)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection and unregistered bids):
Note: The Retail Category has applied for 83.24% and 16.76% by other than retail investors; accordingly the issue size for different categories has been derived. Further, owing to rounding off, an additional lot has been proportioned to be allotted in retail investors.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on February 7, 2018
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 65/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 32,000 Equity Shares in full out of reserved portion of 32,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 65/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 5.98 times. Total number of shares allotted in this category is 4,88,000 Equity Shares. The category wise basis of allotment is as under:
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 65/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 6.13 times. Total number of shares allotted in this category is 96,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on February 8, 2018 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.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to SCSBs shall be issued on Febraury 8, 2018 for unblocking of funds. 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. 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before February 12, 2018 subject to receipt of listing and trading approval from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com All future correspondence in this 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 Registrargiven below:
BIGSHARE 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 A AND M JUMBO BAGS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.