|Basis of Allotment|
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT.
NOT FOR DISTRIBUTION OUTSIDE INDIA.)
ASHOKA METCAST LIMITED
Our Company was incorporated as 'Tanya Estate Private Limited" on July 29, 2009 under the Companies Act, 1956 with the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of our Company was changed from 'Tanya Estate Private Limited" to "Ashoka Metcast Private Limited" and a fresh certificate of incorporation was issued on September 13, 2017 by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. Further, the status of our company was changed to a public limited company by a special resolution passed at a shareholders' meeting on October 23, 2017. A fresh Certificate of Incorporation consequent upon conversion of company to public limited Company was issued on November 09, 2017 by the Registrar of Companies, Gujarat at Ahmedabad and consequently name of our Company was changed to "Ashoka Metcast Limited". Our Company's Corporate Identity Number is U70101GJ2009PLC057642. For further details, please see "History and Certain Corporate Matters" beginning on page no. 98 of the Prospectus.
Registered Office: 7th Floor, Ashoka Chambers, Opposite
HCG Hospital Mithakhali Six Roads, Mithakhali Ahmedabad- 380006, Gujarat, India.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 60,00,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF ASHOKA METCAST LIMITED ("AML" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 20 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 1,200.00 LAKHS ("THE ISSUE"), OF WHICH 3,12,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 56,88,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 56.02% AND 53.10%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARE IS RS 10 AND THE ISSUE PRICE IS 2.00 TIMES OF THE FACE VALUE.
The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ("BSE"). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated January 04, 2018. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on February 05, 2018 (Subject to receipt of listing and trading approvals from the BSE Limited).
The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Net Issue has received 1,233 applications for 75,96,000 Equity Shares resulting in 1.34 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows: Detail of the Applications Received
Note: The Issue also includes 3,12,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 66,000 Equity Shares in Non - Retail Category & over subscription 16,81,200 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on January 31,2018.
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 20 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 3,12,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 54,96,000 Equity Shares. The category was subscribed by 1.305 times. The category-wise details of the Basis of Allotment are as under:
C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 1,92,000 Equity Shares. The category was subscribed by 1.344 times. The category-wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on January 31, 2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before February 02, 2018 for unblocking of funds. The Equity Shares allotted 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 SME Platform of BSE within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on February 05,2018, subject to receipt of listing and trading approvals from BSE Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 13, 2018 ("Prospectus").
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue 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 given below:
BIGSHARE SERVICES PRIVATE LIMITED
LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ASHOKA METCAST LIMITED.