|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
ORISSA BENGAL CARRIER LIMITED
Our Company was originally incorporated on October 18,1994 as Orissa Bengal Carrier Private Limited under the provisions of Companies Act, 1956 with Registrar of Companies. Madhya Pradesh. Gwalior. Our Company was converted into a Public Limited Company pursuant to Shareholders. Resolution passed at the Extra Ordinary General Meeting of the Company held on November 05, 2009 and the name of our Company was changed to "Orissa Bengal Carrier Limited" vide a fresh Certificate of Incorporation dated December 09, 2009, issued by the Registrar of Companies. Madhya Pradesh and Chhattisgarh. For further details of our Company, please refer "General information"and "History and Certain Other Corporate Matter" on page numhers 40 and 97 respectively of the Prospectus.
Registered Office: Jiwan Bima Marg, Pandri
PROMOTERS OF OUR COMPANY: RATAN KUMAR AGRAWAL SHAKUNTALA DEVI AGRAWAL AND MANOJ KUMAR AGRAWAL
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 55,64,000 EQUITY SHARES OF A FACE VALUE OF RS 10 EACH (THE "EQUITY
SHARES") OF ORISSA BENGAL CARRIER LIMNED ("OUR COMPANY" OR
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 WILL BE 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 185 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
ISSUE OPENED ON THURSDAY, MARCH 22, 2018 AND CLOSED ON MONDAY, MARCH 26, 2018,
The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE SME") 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 March 14, 2018 from BSE Limited for using its name in the offer document for listing of our Shares on the BSE SME. The designated stock exchange is BSE Limited ("BSE"). The trading is proposed to be commenced on or about April 05, 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 927 applications for 63,32,000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 2,84,000 Equity Shares) resulting in 1.15 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.08 times (including the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):
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 April 02, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 30 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 2,84,000 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 30 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.36 tunes. Total number of shares allotted in this category is 33,12,000 Equity Shares to 828 successful applicants.
The category wise details of the Basis of Allotment are as under:
C. Allocation to Older than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue pice of Rs 30 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.81 times. Total number of shares allotted in this category is 19,68,000 Equity Shares to 18 successful applicants.
The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on April 02, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BBE and has authorized the corporate action for allotment of shares in dematrialized form to various successful applicants.
The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on or before April 05, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on April 03, 2018. In case the same is not received within Prescribed time, 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 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 March 15,2018 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue BIGSHARE SERVICES PRIVATE LIMITED at 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 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 Registrar given below:
BlGSHARE 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 ORISSA BENGAL CARRIER LIMITED.