| Basis of Allotment |
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(This is only an advertisement for information purposes and not a prospectus announcement) |
| AKI INDIA LIMITED |
Our Company was originally incorporated as AKI Leather Industries Private Limited on May 16, 1994 as a private limited company under the Companies Act, 1956 with the Registrar of Companies. Kanpur, Uttar Pradesh, Pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on March 18, 2006, our Company's name was changed to AKI India Private Limited vide fresh certificate of incorporation consequent on change of name dated April 03, 2006 issued by RoC, Uttar Pradesh & Uttaranchal, Kanpur. Thereafter, our Company was converted from Private Limited to Public Company and a fresh certificate of incorporation consequent upon Conversion from Private Company to Public Company was issued on May 29, 2017 by the Registrar of Companies, Kanpur. The Corporate Identification Number of our Company is U19201UP1994PLC016467.
For details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Certain Other Corporate Matter" beginning on page 47 and 118 respectively of the Prospectus.
Registered office: 9/6 (11). Asharfabad Jajmau, Kanpur - 208010, Uttar Pradesh, India. Tel: 91512 2463130; E-mail: info@groupaki.com; Website: www.groupaki.com; Company Secretary and Compliance Officer: Ms Divya Gupta; E-Mail: cs@groupaki.com
| PROMOTERS OF THE COMPANY : MR. ASAD KAMAL IRAQI AND MR. ANWAR KAMAL IRAQI |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 28,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF AKI INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 11.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 1.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 308.00 LACS/- ("THE ISSUE"), OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR CASH AT A PRICE OF RS. 11.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 1.00 PER EQUITY SHARE AGGREGATING TO RS. 15.40 LAKHS 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. NET ISSUE OF 26,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 11.00 PER EQUITY SHARE AGGREGATING TO RS. 292.60 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.19% AND 25.83% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. For further details see "Terms of the Issue" beginning on page 178 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 11/- EACH. THE ISSUE PRICE IS 1.1 TIMES OF THE FACE VALUE.
ISSUE PROGRAMME: ISSUE OPENED ON SEPTEMBER 28, 2018 AND CLOSED ON OCTOBER 05, 2018, (including Extension); PROPOSED LISTING: OCTOBER 12, 2018
The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE ("BSE"). Our Company has received an approval letter dated September 24, 2018 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE"). The trading is proposed to be commenced on or about October 12, 2018.
* Subject to receipt of listing and trading approvals from the BSE SME Platform.
SUBSCRIPTION DETAILS
The Issue Received 41,60,000 shares for 150 applications and was subscribed to the extent of 1,4857 times before technical rejection. After considering Technical Rejections cases and Bids not banked of 5,20,000 Shares for 11 applications, the Issue was subscribed 1,2964 times.
Detail of the Applications Received (Before Technical & Multiple Rejection):
| Sr. No. | Category | No. of Applications | Equity Shares | Reserved | No. of times Subscribed | Amount |
| 1 | Reserved for Market Maker | 1 | 1,50,000 | 1,40,000 | 1.0714 | 16,50,000.00 |
| 2 | Non Retail Investors | 14 | 22,50,000 | 13,30,000 | 1.6917 | 2,47,50,000.00 |
| 3 | Retail Individual Investors | 124 | 12,40,000 | 13,30,000 | 0.9323 | 1,36,40,000.00 |
| Total | 139 | 36,40,000 | 28,00,000 | 1.3000 | 4,00,40,000.00 |
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE SME Platform on October 10, 2018.
| A. | Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 11/-per Equity Share, was finalised in consultation with BSE SME Platform The category was subscribed by 1,0714 times The total number of shares allotted in this category is 1,40,000 Equity shares |
| Sr. No. | No. of Shares applied for (Category wise) | No. of Applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/alloted | % to total | Surplus /Deficit |
| 1 | 150000 | 1 | 100 | 150000 | 100 | 140000 | 140000 | 140000 | 1 | 1 | 100 | 140000 | 100 | 0 |
GRAND TOTAL |
1 | 100 | 150000 | 100 | 140000 | 1 | 100 | 140000 | 100 | 0 | ||||
| B. | AIIocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 11 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 0.9248 times i.e. for 12,30,000 Equity Shares. Total number of shares allotted in this category is 12,30,000 Equity Shares to 123 successful applicants. |
| Sr. No. | No. of Shares applied for (Category wise) | No. of Applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant (Before Rounding Off) | Allocation per Applicant (After Rounding Off) | Ratio of allottees to applicants | Number of successful applicants (after rounding) | % to total | Total No. of shares allocated/allotted) | % to total | Surplus /Deficit |
| 1 | 10000 | 123 | 100 | 1230000 | 100 | 1330000 | 10813.01 | 10000.00 | 1 | 123 | 100 | 1230000 | 100 | -100000 |
GRAND TOTAL |
123 | 100 | 1230000 | 100 | 1330000 | 10813.01 | 10000.00 | 1 | 123 | 100 | 1230000 | 100 | -100000 | |
| 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. 11 per Equity Share was finalized in consultation with BSE SME Platform The category was subscribed by 1,5734 times i.e. for 22,50,000 shares. Total number of shares allotted in this category is 14,30,000 Equity Shares to 14 successful applicants. |
| The category wise details of the Basis of Allotment are as under: |
| Sr. No. | Category | No. of Applications Received | %of Total | Total No. of Equity Shares Applied | % to Total | No. of Equity Shares Allotted per Bidder | Ratio | Total No. of Equity Shares Allotted |
| 1 | 20,000 | 1 | 7.14 | 20,000 | 0.89 | 10,000 | 1:1 | 10,000 |
| 2 | 30,000 | 8 | 57.14 | 2,40,000 | 10.67 | 10,000 | 1:1 | 80,000 |
| 30,000 | 10000 additional share is allocated for Share no 2 in the ratio of 7:8 | 7:8 | 70,000 | |||||
| 3 | 2,00,000 | 2 | 14.29 | 4,00,000 | 17.78 | 1,30,000 | 1:1 | 2,60,000 |
| 4 | 2,40,000 | 1 | 7.14 | 2,40,000 | 10.67 | 1,50,000 | 1:1 | 1,50,000 |
| 5 | 6,70,000 | 1 | 7.14 | 6,70,000 | 29.78 | 4,30,000 | 1:1 | 4,30,000 |
| 6 | 6,80,000 | 1 | 7.14 | 6,80,000 | 30.22 | 4,30,000 | 1:1 | 4,30,000 |
| 14 | 100 | 22,50,000 | 100 | 14,30,000 |
The Board of Directors of the company at its meeting held on October 10, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz, BSE SME Platform and at a meeting held on October 10, 2018 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The Allotment Advice cum Intimation and/or notices will be forwarded to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount has been processed on October 10, 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 has been credited on October 10, 2018 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 Platform 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 September 24, 2018 ("Prospectus*')
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Link Intime India Private Limited at www.linkintime.co.in. 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
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Link Intime India Private Limited |
| C-101, 1st Floor, 247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra, India Tel: +91 22 4918 6200; Facsimile: +91 22 4918 6195; Website: www.linkintime.co.in; Email: aki.ipo@linkintime.co.in | |
Investor Grievance Email: aki ipo@linkintime.co.in; Contact Person: Ms Shanti Gopalkrishnan, SEBI Registration No: INR000004058 |
| For AKI INDIA LIMITED | |
| On behalf of the Board of Directors | |
| Place : Uttar Pradesh | Sd/- |
| Date : October 11, 2018 | Managing Director |
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 AKI INDIA LIMITED.
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