|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
INFLAME APPLIANCES LIMITED
Our Company was originally formed as a partnership firm under the Partnership Act, 1932 ("Partnership Act") in the name and style of M/s Techno Engineering Corpn." vide deed of partnership dated March 20, 2010 entered between Mr. Dinesh Kapoor and Mr. Karan Kapoor. Further the existing partners was retired from the partnership on March 11, 2014 and admitted new partners Mr. Sukhlal Jain and Mr. Praveen Jain. The partnership was reconstituted on July 13, 2015 and the existing partners retired from the partnership with the admission of new partners Mr. Aditya Kaushik and Mr Dinesh Kaushik. The Partnership deed again reconstituted and new partners were admitted vide partnership deed dated October 16, 2017. Further the partnership firm "M/s. Techno Engineering Corpn" was thereafter converted into Public Limited Company under Part I Chapter XXI of the Companies Act, 2013 with the name and style of "inflame Appliances Limited" and received a certificate of incorporation from the Registrar of Companies, Central Registration Centre on November 14, 2017. For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 101 of the Prospectus.
Registered Office: Khewat Khatoni No. 45/45, Khasra
No. 942/855/1. Village Kalyanpur Tehsil-Baddi, Solan -173205, Himachal Pradesh. India
CONTACT PERSON: MR. ABHIMANYU, (COMPANY
SECRETARY & COMPLIANCE OFFICER)
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 12,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF INFLAME APPLIANCES LIMITED ("OUR COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 54.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 44.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 648.00 LAKHS ("ISSUE") OF WHICH 64,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 54.00 PER EQUITY SHARE, AGGREGATING TO RS 34.56 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 11,36,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 54.00 PER EQUITY SHARE AGGREGATING TO RS 613.44 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.00% AND 28.40%. RESPECTIVELY 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 184 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 TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 192 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 54.00. THE ISSUE PRICE IS 5.4 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: TUESDAY, MARCH 06, 2018 AND ISSUE CLOSED ON: THURSDAY, MARCH 08, 2018 PROPOSED LISTING: MARCH 16, 2018
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME") Our Company has received an approval letter dated February 19, 2018 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE Limited ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about March16, 2018.*
*Subject to receipt of listing and trading approvals from BSE Limited.
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 by Self Certified Syndicate Banks (the "SCSBs").
The issue has received 1245 applications (or 27,34,000 Equity Shares resulting In 2.28
times subscription (including reserved portion of market maker). The details of the
applications received in the issue (before technical rejections) 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 consultation with the Designated Stock Exchange - BSE Limited on March 13, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs 54 per Equity Share,
was finalised in consultation with BSE Limited The category was subscribed by 1.00 times.
The total number of shares allotted in this category is 64,000 Equity Shares
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue pnee of Rs 54 per Equity Share, was finalized in consultation with BSE Limited The category was subscribed by 2.31 times i.e. for 24,20,000 Equity Shares. Total number of shares allotted in this category is 10,46,000 Equity Shares to 523 successful applicants. The category wise details of the Basis of Allotment are as under:
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 54 per Equity Share, was finalized in
consultation with BSE Limited The category was subscribed by 2.36 times i.e. for 2,12,000
shares the total number of shares allotted in this category is 90,000 Equity Shares to 14
The Board of Directors of the Company at its meeting held on March 13, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and in meeting held on March 14, 2018 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
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 with the depositories / as filled in the application form on or before March 15, 2018 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to March 15, 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 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 (BSE SME) 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 February 23, 2018 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allottment made would also be hosted on the website of Registrar to the issue, Skyline Financial services Private Limited at www.skylinerta.com . All future correspondence in this regard may kindally 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 adress of the Registrar given below
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi-110020,
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 INFLAME APPLIANCES LIMITED.