|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement)
AARON INDUSTRIES LIMITED
Our Company was incorporated as "Aaron Industries Private limited" under the provisions of the Companies Act, 1956 on 23 October, 2013 bearing Corporate Identity Number U31908GJ2013PTC077306. issued by Registrar of Companies, Ahmedabad Gujarat, Dadra and Nagar Havelli, Subsequently, the name ot our Company was changed from "Aaron Industries Private limited" to "Aaron Industries Limited'' vide fresh Certificate of Incorporation pursuant to change of name dated January 29, 2018 issued by Deputy Registrar of Companies, Registrar of Companies. Ahmedabad Gujarat with the Corporate identity Number U31908GJ20I3PLC077306.
Registered Office: B-65 & 66, 1st Floor, Jawahar
Road No 4, Udhayog Nagar, Udhana. Surat-394210, Gujarat India | Tel:
PROMOTERS OF OUR COMPANY: MR. AMAR CHINUBHAI DOSHI, MR. KARAN
AMAR DOSHI, MR. MONISH AMAR DOSHI,
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF UPTO 12,57,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH ("EQUITY SHARES") OF AARON INDUSTRIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 38.00 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 28.00 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS 477.66 LAKH ("THE ISSUE"), OF WHICH 63,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR CASH AT A PRICE OF RS 38.00 PER EQUITY SHARE. AGGREGATING RS 23.94 LAKH WILL IS RESERVED FOR THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE TO PUBLIC WILL BE 11,94,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR CASH AT A PRICE OF RS 38.00 PER EQUITY SHARE, AGGREGATING RS 453.72 LAKH IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.28 AND 24.96% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND
ISSUE OPENED ON MONDAY, AUGUST 20, 2018 AND CLOSED ON
FRIDAY, AUGUST 24, 2018.
LISTING: The Equity Shares of our Company offered through this Prospectus are proposed to be listed on the 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 an approval letter dated July 26,2018 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, EMERGE Platform of National Stock Exchange of India Limited will be the Designated Stock Exchange
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 581 applications for 2724000 Equity Shares resulting in 2.17
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 - National Stock Exchange of India Limited on August 29,
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the
issue price of Rs 38.00 per Equity Share, was finalized in consultation with NSE The
category was subscribed by 2.19 times i e for 15,33,000 Equity Shares. Total number ot
shares allotted in this category ts 6,99,000 Equity Shares to 511 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 38.00 per Equity Share, was finalized in
consultation with NSE. The category was subsenbed by 2 20 times i.e. for 10,89,000 shares.
The total number of shares allotted in this category is 4,95,000 Equity Shares to 61
The Board of Directors of the Company at its meeting held on August 29, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on August 29, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filed in the application form on or before September 01, 2018 Further, the Instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before August 30, 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 EMERGE Platform of National Stock Exchange of India Limited 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 August 04, 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 address of the Registrar given below:
Gretex Corporate Services Private Limited
TTHE 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 AARON INDUSTRIES LIMITED