|Basis of Allotment|
|(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT)|
RAJNANDINI METAL LIMITED
Corporate Identity Number: U51109HR2010PLC040255
Our Company was incorporated as a private limited company namely "Rajnandini Metal Private Limited" under the Companies Act, 1956 vide certificate of incorporation dated March 18, 2010 issued by Registrar of Companies, NCT of Delhi and Haryana bearing registration no 040255. Further, Our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra Ordinary General Meeting held on March 01, 2018. A fresh Certificate of Incorporation consequent to conversion was issued on March 14, 2018 by the Registrar of Companies, NCT of Delhi and Haryana and consequently the name of our Company was changed from "Rajnandini Metal Private Limited" to "Rajnandini Metal Limited".
Registered office: 3E/17 B.P. N.I.T Faridabad
Tel: 0129-4074043: Email: firstname.lastname@example.org
Contact Person: Mr. Rahul Kumar Bansal. Company Secretary and Compliance Officer
PROMOTERS OF THE COMPANY: MR. HET RAM AND MRS. MITHLESH SHARMABASIS OF ALLOTMENT
PUBLIC ISSUE OF 16,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP OF RAJNANDINI METAL LIMITED ( "RAJNANDINI" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 26 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 16 PER EQUITY SHARE AGGREGATING RS. 427.44 LAKHS (THE "ISSUE") BY OUR COMPANY, OF WHICH 84,000 EQUITY SHARES OF RS. 26 FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,60,000 EQUITY SHARES OF RS. 26 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.76% AND 25.39% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
In terms of Prospectus dated September 08, 2018 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein (a) minimum of 50 % of the Net Offer to Public shall be initially made available to Retail Individual Investors and (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. c) The unsubscribed portion of the net to any one of the categories specified in (a) or (b) may be made available for allocation to applicants in the other category, if so required.
Explanation: For the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS Rs. 26/- EACH INCLUDING A SHARE PREMIUM OF Rs. 16/- PER EQUITY SHARE. THE ISSUE PRICE IS 2.6 TIMES OF THE FACE VALUE. ISSUE OPENED ON MONDAY, SEPTEMBER 24, 2018 AND CLOSED ON THURSDAY, SEPTEMBER 27, 2018.
The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our Company has received In Principle Approval Letter dated August 30, 2018 from NSE for using its name in this offer document for listing our shares on the Emerge Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be the NSE.
Details of Applications:
The Issue has received 100 applications (before Technical Rejections) for 1896000 Equity Shares (Including Market Maker Application of 84,000 Equity Shares) resulting 1.15 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
|S. No.||Category||Number of Application Received||Number of Equity Shares applied for||Subscription ratio (times)|
|1.||Retail Individual Applicants||74||296000||0.379|
|2.||Other than Retail Individual Investors||25||1516000||1.199|
Nil application in Retail Individual Investors Category which were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 03, 2018.
|A.||Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 26/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 84000 Equity shares in full, out of reserved portion of 84000 Equity Shares.|
|B.||Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 26/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.379 times. Total number of shares allotted in this category is 296,000 Equity Share as under;|
|No. of Shares Applied for (Category wise)||No. of Applications received||% to total||Total No. of Equity Shares applied||% of total||Proportionate Shares Available||Allocation per Applicant (Before Rounding Off||Allocation per Applicant (After Rounding Off)||Ratio of Allottees to the Applicants||Number of Successful Applicants (After Rounding Off)||% to Total||Total No. of Equity Shares allocated/ allotted||% to Total||Surplus/ (Deficit)|
Note: The under subscription portion of 484000 equity shares from Retail Investor category have been spilled over to Non Retail Individual Investor Category.
|C.||Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 26/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.199 times. Total number of shares allotted in this category is 1,516,000 Equity Shares. The category wise basis of allotment is as under:|
No. of Shares applied for (Category wise)
Number 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 applicants
Number of successful applicants (after rounding)
% to total
Total No. of shares allocated/ allotted
% to total
|Before rounding off||After rounding off|
Note: Additional lot of 4000 shares is allotted in applied shares category of 8000, 16000 and 20000
Note: This category includes original reservation of 780000 equity shares and spill over from retail Investor Category of 484000 equity shares.
The Board of Directors of the Company at its meeting held on October 03, 2018 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 has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to Self Certified Syndicate Banks were being processed on or before October 05, 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 National Stock Exchange of India Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before Monday, October 08, 2018 subject to receipt of final listing and trading approvals from the National Stock Exchange of India Limited.
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 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|
|Tel:+ 91-22-6263 8200|
|Contact Person: Mr. Ashok Shetty|
|SEBI Registration No.: INR000001385|
|On behalf of the Board of Directors|
|For Rajnandini Metal Limited|
|Place : Haryana||Het Ram|
|Date : October 04, 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 RAJNANDINI METAL LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus pressman