|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
MEGASTAR FOODS LIMITED
Corporate Identity Number of our company is U15311CH2011PLC033393
Our Company was originally incorporated on November 28, 2011 as "Megastar Foods Private Limited" vide Registration no. 2011-12/033393 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab and Chandigarh, Further, our Company was converted into Public Limited Company and consequent/ name of company was changed from "Megastar Foods Private Limited" to "Megastar Foods Limited' vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting bald on March 09,2018 and a fresh certificate of incorporation dated March 16,2018 issued by the Registrar of Companies, Chandigarh. For further details, plaase refer to chapter titled "History and Certain Corporate Matters' beginning on page 104 of the Prospectus.
Registered Office: Plot No. 807. Industrial Area,
Phase-||, Chandigarh-160102. India; Tel No: +91-0172-5005024
CONTACT PERSON; MS, NEHARIKA SODHI, (COMPANY SECRETARY &
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 26,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF MEGASTAR FOODS LIMITED ("OUR COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 30.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 20.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 804.00 LAKHS ("ISSUE") OF WHICH 1,36,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH FOR A CASH PRICE OF RS 30,00 PER EQUITY SHARE, AGGREGATING TO RS 40,80 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 25,44,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH AT AN ISSUE PRICE OF RS 30.00 PER EQUITY SHARE AGGREGATING TO RS 763.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.06% AND 25.69%, 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 194 0F 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' BEGINNIMG ON PAGE 203 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10,00 EACH AND THE ISSUE PRICE IS RS 30.00. THE ISSUE PRICE IS 3.00 TIMES OF THE FACE VALUE.
ISSUE OPENS ON: MONDAY, MAY 14, 2018 AND ISSUE CLOSED ON:
WEDNESDAY, MAY 16, 2018
The Equity Shares offered through the Prospectus are proposed to the listed on the SME
Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter
dated May 04.2018 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 May 24,2018.*
The issue has received 509 applications for 39,20,000 Equity Shares resulting in 1.46
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 Limiled on May 21,2018.
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotrnent to the Retail Individual Investors, at the
issue price of Rs 30 per Equity Share, was finalized in consultation with BSE Limited. The
category was subscribed by 1.36 times i.e. for 18,48,000 Equity Shares. Total number of
shares allotted in this category is 13,44,000 Equity Shares to 336 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 30 per Equity Share, was finalized in
consultation with BSE Limited. The category was subscribed by 1.38 times i. e. for
16,60,000 shares the total number of shares allotted in this category is 12,00,000 Equity
Shares to 35 successful a pplicants.
The Board of Directors of the Company at its meeting held on May 19 2018 has approved
the Basis of Allocation of Equity Shares as approved by the Desingnated Stock Exchange viz
BSE Limited on May 21.2018. Further the Company in its meeting held on May 22.2018 has
authorized the corporate action for issue of the Equity Shares to various successful
applicants. The CAN-Cum-Refund advices and allomtment 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 May 23,2018. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount will processed on or prior to May
23,2018. In case the same is not receved within 10 days, investors may contact at the
address given below. The Equity Shares allocates 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.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar of the issue, Skyline Financial Services Private Limited at www.skylinerta.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:
SKYLINE FINANCIAL 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 MEGASTAR FOODS LIMITED.