|Basis of Allotment|
|(This is only an advertisement for Information purpose. This is not a Prospectus announcement and not for publication or distribution, directly or indirectly outside India.)|
|ARTEDZ FABS LIMITED|
Our Company was originally incorporated as "Artedz Fabs Private Limited" at Mumbai, Maharashtra as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 08, 2006 bearing Corporate Identification Number 1117299MH2006PTC163645 issued by Registrar of Companies, Mumbai, Maharashtra. Subsequently, our Company was converted into a Public Limited Company pursuant to special resolution passed by members in Extra Ordinary General Meeting of our Company held on January 18, 2018 and the name of our Company was changed to "Artedz Fabs Limited". A fresh Certificate of Incorporation consequent upon conversion of Private Company to Public Limited dated February 19, 2018 was issued by Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our Company is U17299MH2006PLC163645.For details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 181 of the Prospectus.
|Registered Office: 206, Gambhir Industrial Estate, Opp. Paramount Print, Off Aarey Road, Goregaon (East), Mumbai-400063, Maharashtra, India|
|Tel. No.: +91 022-29276278; Fax No.: NA Email: email@example.com; Website: www.artedzfabs.com|
|Contact Person: Vidhi Joshi, Company Secretary and Compliance Officer Corporate Identification Number: 1117299MH2006PLC163645|
|PROMOTERS OF OUR COMPANY: KASHYAP GAMBHIR AND SATBINDER SINGH GILL|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC OFFER CONSISITING OF FRESH ISSUE OF 23,10,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID FOR CASH AT A PRICE OF 36/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 26/- PER EQUITY SHARE) AGGREGATING RS. 831.60/- LAKHS (THE "ISSUE") OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE RS.10/- EACH FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, AGGREGATING RS. 43.20/- LAKHS WAS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 21,90,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, AGGREGATING RS. 788.40/- LAKHS IS HEREINAFTER REFERED TO AS THE " NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 26.99 % AND 25.58 %, RESPECTIVELY OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") the Issue has been made for at least 25% of the post- Issue paid-up Equity Share capital of our Company. The Issue has been made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ("SEBI (ICDR) Regulations"). 50% of the Net Issue was available for allocation on a proportionate basis to Non-lnstitutional Investors and 50% of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBIICDR Regulations, subject to valid Bids being received at or above the Issue Price. For further details please refer the section titled Issue Information' beginning on page 258 of this Prospectus.
RISKS TO INVESTORS:
|I.||As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Kashyap Gambhir & Satbinder Singh Gill is Rs. 8.92 and Rs.15.82 respectively.|
|II.||This being the first public Issue of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs.10 each. The Floor Price is 3.4 times the face value and the Cap Price is 3.6 times the face value. The Issue Price (determined and justified by our Company in consultation with the BRLM) as stated in "Basis for Issue Price" on page 126 should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing|
In terms of Prospectus dated March 22,2019 and as per SEBI (ICDR) Regulations, 2009 wherein:
The allocation in the Net Issue to the public category has been made as follows:
|a)||minimum fifty percent to retail individual investors; and,|
|(i)||individual applicants other than retail individual investors; and|
|(ii)||other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;|
|c)||the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.|
Retail individual investors are entitled to more than fifty percent, on proportionate basis, and therefore have been allocated that higher percentage. All Bidders were mandatorily required to participate in the issue through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of their respective bank accounts to be blocked by Self-Certified Syndicate Banks ("SCSB"). For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 267 of the Prospectus.
|THE FACE VALUE OF EQUITY SHARES IS RS.10/- EACH.|
|THE ISSUE PRICE IS RS. 36/- AND IS 3.60 TIMES THE FACE VALUE OF THE EQUITY SHARES|
|ISSUE OPENED ON: MONDAY, MARCH 18, 2019 AND CLOSED ON: WEDNESDAY, MARCH 20, 2019|
The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited (NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an In - Principle approval letter dated July 19, 2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, National Stock Exchange of India Limited is the Designated Stock Exchange.
The Issue has received 686 applications for 33,57,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple / Duplicate bid) including Market Maker Application of 1,20,000 Equity Shares. The issue was subscribed to the extent of 1.45 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.43 times.
The details of application received (Before Technical Rejection but after bids not banked and application banked but not registered)
|CATEGORY||NUMBER OF APPLICATIONS RECEIVED||NUMBER OF EQUITY SHARES BID FOR||SUBSCRIPTION|
|Other than Retail Individual Investor||43||13,11,000||1.20|
|Retail Individual Investors||642||19,26,000||1.76|
|SN.||Bid Price||No. of Equity Shares||% to total||Cumulative total||% of cumulative total|
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 26, 2019.
|A.||Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 36/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1,20,000 Equity shares in full out of reserved portion of 1,20,000 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. 36/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.45 times. Total number of shares allotted in this category is 12,90,000* Equity Shares. The category wise basis of allotment is as under:|
|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||Ration of Allottees to the Applicants||Total No. of shares allocated/ alloted||% to Total||Surplus/ Deficit (14)-(7)|
|(1)||(2)||(3)||(4)||(5)||(6)||Before Rounding off (7)||After Rounding off (8)||(9)||(10)||(11)||(12)|
|C.||Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 36/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.45 times. Total number of shares allotted in this category is 9,00,000* Equity Shares. The category wise basis of allotment is as under:|
|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||Ratio of Allottees to the Applicants||Total No. of shares allocated/ alloted||% to Total||Surplus/ (Deficit) (14)-(7)|
|(1)||(2)||(3)||(4)||(5)||(6)||Before Rounding off (7)||After Rounding off (8)||(9)||(10)||(11)||(12)|
* The shares available for allotment have been arrived in the equal proportion of the respective over subscription ratio of Retail Individual and Other than Retail Individual Investors category. The Retail Category had applied for 58.88% and 41.12% by other than retail investors, accordingly, the issue size has been defined on proportionate basis. Further, owing to rounding off, an additional lot has been allotted in retail individual investors category.
The Board of Directors of the Company at its meeting held on March 27, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before March 28, 2019. Further, the instructions to SCSBs has been issued on March 27, 2019 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before Friday, March 29, 2019 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:
|BIGSHARE SERVICES PRIVATE LIMITED|
|1st Floor, Bharat Tin Works Building, Opp.Vasant Oasis, Makwana Road, Marol,|
|Andheri (East), Mumbai-400059, Maharashtra, India.|
|Tel: +91 2262638200 Fax: +91 2262638299|
|Investor Grievance Id: firstname.lastname@example.org|
|Contact Person: Srinivas Dornala|
|SEBI Registration Number: INR000001385|
|For Artedz Fabs Limited|
|On behalf of the Board of Directors|
|Date: March 27, 2019||Kashyap Gambhir|
|Place: Mumbai||Chairman & 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 ARTEDZ FABS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.