|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
NARMADA AGROBASE LIMITED
Our Company was originally incorporated on January 29.2013 as *Narmada Agrobase Private Limited* vide Registration No. 073468/2012-2013 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat. Dadra and Nagar Havelli. Further. our Company was converted into Public Limited Company and consequently name of Company was changed from "Narmada Agrobase Private Lirnited" to "Narmada Agrobase Lirnited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 05. 2017 and a fresh certificate of incorporation deted December 11,2017 issued by the Registrar of Companies, Ahmedabad. For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 103 of the Prospectus.
Registered Office: 613,/P-I IJ Pura (Jethaji)
Dhanpura Road, Tal. Jotana. Mahesana -384421, Gujarat India
CONTACT PERSON: MRS. NIDHI JAIN. (COMPANY SECRETARY &
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 23,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (" EQUITY SHARES") OF NARMADA AGROBASE LIMITED ("OUR COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 32.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 22.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 748.80 LAKHS ("ISSUE") OF WHICH 1,24,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH FOR A CASH PRICE OF RS. 32.00 PER EQUITY SHARE, AGGREGATING TO RS. 39.68 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 22,16,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS, 32.00 PER EQUITY SHARE AGGREGATING TO RS. 709.12 LAKHS (IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE Wl LL CONSTITUTE 31.09% AND 29,44%, RESPECTlVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 187 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 IS MADE IN TERMS OF REGULATION 43 (4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TTTLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 195 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 32.00. THE ISSUE PRICE IS 3.2 TIMES OF THE FACE VALUE.
ISSUE OPENS ON: WEDNESDAY, MARCH 28, 2018 AND ISSUE CLOSES ON:
WEDNESDAY, APRIL 11, 2018
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
Platfornn of National Stock Exchange of India Limited ("NSE")
The issue has received 389 applications for 2440000 Equity Shares resulting in 1.0427
times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical relations) are as follows:
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 consoltation with
the Designated Stock Exchange - National Stock Exchange of India Limited on April 16,
B, Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal); The Basis of Allotment to the Retail Individual Investors, at the
issue price of RS. 32 per Equity Share, was finalized in consultation with National
Stock Exchange of India Limited. The category was subscribed by 1.0375 times i.e. for
1440000 Equity Shares. Total number of shares allotted In this category Is 1388000 Equity
Shares to 347 successful applicants.
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. 32 per Equity Share, was finalized in
consultation with National Stock Exchange of India Limited. The category was subscribed by
0.7473 times i.e. for 828000 shares the total number of shares allotted in this category
is 828000 Equity Shares to 16 successful applicants.
The Board of Directors of the Company at its meeting held on April 16.2018 has approved
the Basis of Allocation of Equity Shares as approved by the Designated Stock
Exchange viz. National Stock Exchange of India Limited and in meeting held on April
17.2018 has authorized the corporate action for issue of the Equity Shares to various
successful applicant. The CAN-cum-Refund advices and allotment advice and/or notices will
forwarded to the email id's and address of the Applicants as registered wiih the
depositories / as filled in the application form on or before April 18. 2018. Further, the
instructions to Self Certified Syndicate Banks for unblocking the amount will processed on
or prior to April 18.2018. In case the same is not received within 10 days, investors may
contact at the address given below. The Equity Shares allocated to successful applicants
are being credited to heir beneficiary accounts subjed to validation of the account
details with the depositories concemed. The Company is taking steps to get the Equity
Shares admitted for trading on the SME Platform of National Stock Exchange of India
Limited (NSE EMERGE) within six working days from the date of the closure at the issue.
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.karsima.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 BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE