|Basis of Allotment|
|(This is only an advertisement for Information purposes and not a Prospectus announcement.)|
|RANJEET MECHATRONICS LIMITED|
|Corporate Identity Number of our company is U31100GJ1993PLC019635|
Our Company was originally incorporated as "Ranjeet Electric Private Limited" at Ahmedabad on June 10, 1993, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later on, the name of our Company was changed from "Ranjeet Electric Private Limited" to "Ranjeet Mechatronics Private Limited" and certificate to that effect was issued by Deputy Registrar of Companies, Registrar of Companies, Ahmedabad on February 3, 2016. Consequent up on the conversion of our Company from Private Limited Company to Public Limited Company, the name of our Company was changed to "Ranjeet Mechatronics Limited" and fresh Certificate of Incorporation was issued by the Deputy Registrar of Companies. Registrar of Companies, Ahmedabad on May 28, 2018. For details of change in name and registered office of our Company, please refer to section titled "History and Certain Corporate Matters" beginning on page no. 106 of the Prospectus.
|Registered Office: Block A, Office No: 407, Dev
Aurum, Anand Nagar Char Rasta, Prahlad Nagar Road, Ahmedabad-380 015;
Telephone No.: +91-79-4000 9390; Website: www.ranjeet.co.in; E-Mail: email@example.com;
|CONTACT PERSON: COMPANY SECRETARY AND COMPLIANCE OFFICER: MRS. FALGUNI PATEL|
|PROMOTERS OF THE COMPANY: MR. RAKESH VALLABHBHAI SWADIA AND MR. DEVARSHI RAKESH SWADIA|
|BASIS OF ALLOTMENT|
|RANJEET MECHATRONICS LIMITED - SME IPO|
PUBLIC ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH OF RANJEET MECHATRONICS LIMITED ("RANJEET" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 25 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 15 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 450.00 LAKH ("THE ISSUE"), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 25 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 15 PER EQUITY SHARE AGGREGATING TO Rs. 24.00 LAKH 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 17,04,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT A PRICE OF Rs. 25 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 15 PER EQUITY SHARE AGGREGATING TO Rs. 426.00 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.27% AND 25.82% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated September 6, 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 in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS Rs. 25/- EACH INCLUDING A SHARE PREMIUM OF Rs. 15/- PER EQUITY SHARE. THE ISSUE PRICE IS 2.5 TIMES OF THE FACE VALUE. ISSUE WAS OPENED ON WEDNESDAY, SEPTEMBERS, 2018 AND CLOSED ON MONDAY, SEPTEMBER 17, 2018.
The Equity Shares offered through the Prospectus are proposed to be listed on SME Platform of BSE Limited. 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 28, 2018 from BSE Limited ("BSE") for using its name in the offer document for listing our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited.SUBSCRIPTION DETAILS
Details of Applications:
The Issue has received 8787 applications (before Technical Rejections) for 11,79,90,000 Equity Shares (Including Market Maker Application of 96,000 Equity Shares) resulting 65.55 times subscription. The details of the applications received in the issue (before technical rejections) are as follows:
Details of the valid Applications Received (before Technical Rejections & Withdrawal of Application):
|Category||Number of Applications||Number of Equity Shares||Subscription Ratio|
|Market Makers||1||96,000||1 Times|
|Non Retail Investor's||86||6,56,94,000||77.11 Times|
|Retail Individual Investor's||8700||5,22,00,000||61.27 Times|
|Total||8787||11,79,90,000||Overall 65.55 Times|
Total 99 applications received in Retail Individual Investors Category for 5,94,000 Shares 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 - BSE Limited on September 21, 2018.
|A.||Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 96,000 Equity shares in full, out of reserved portion of 96,000 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. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 60.57 times. Total number of shares allotted in this category is 8,52.000Equity Share as under:|
|No. of Shares Applied for (Category wise)||No. of Applications Received||% to Total||Total No. of Equity Shares applied||% to Total||Proportionate Shares Available||Allocation per Applicant (before Rounding Off)||Allocation per Applicant (after Rounding Off)||Ratio of Allottees to the Applicants||Serial Number of Qualifying applicants||Number of Successful Applicants (After Rounding Off)||% to Total||Total No. of Equity Shares allocated/ allotted||% to Total||No. of Shares Surplus / Deficit|
Serial Number of Qualifying applicants - Retail Individual Investors
171, 264, 297, 444, 483, 538, 574, 630, 665, 848, 940, 997, 1123, 1181, 1214, 1274, 1308, 1367, 1400, 1456, 1491, 1549, 1642, 1732, 1767, 1859, 1915, 1952, 2042, 2135, 2160, 2195, 2229, 2317, 2339, 2377, 2411, 2433, 2525, 2615, 2651, 2687, 2705, 2780, 2802, 2837, 2873, 2893, 2966, 3019, 3054, 3166, 3239, 3264, 3335, 3355, 3392, 3484, 3520, 3666, 3724, 3884, 3908, 3975, 4069, 4182, 4216, 4255, 4272, 4457, 4493, 4525, 4584, 4677, 4768, 4825, 4987, 5003, 5045, 5101, 5135, 5174, 5195, 5229, 5261, 5319, 5351, 5412, 5448, 5470, 5505, 5561, 5630, 5656, 5725, 5838, 5904, 5926, 6090, 6147, 6202, 6239, 6273, 6366, 6419, 6457, 6482, 6546, 6606, 6699, 6732, 6789, 6916, 6975, 7008, 7031, 7101, 7123, 7159, 7193, 7249, 7285, 7466, 7525, 7558, 7648, 7707, 7765, 7801, 7892, 7925, 7949, 8019, 8042, 8076, 8112, 8167, 8316, 8407, 8442, 8534, 8591
|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. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 77.11 times. Total number of shares allotted in this category is 8,52,000 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 Equity Shares applied||% to Total||Proportionate Shares Avail able||Allocation per Applicant (before Rounding Off)||Allocation per Applicant (after Rounding Off)||Ratio of Allottees to the Applicants||Serial Number of Qualifying applicants||Number of Successful Applicants (After Rounding Off)||% to Total||Total No. of Equity Shares allocated / allotted||% to Total||Surplus /(Deficit) (Rounded off)|
|6000.00||17:25||4, 6, 7, 8, 9, 10, 11, 12, 13, 15, 17, 18, 19, 20, 21, 24, 25||0||0.00||102000||11.97||102000|
The Board of Directors of the Company at its meeting held on September 24, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE 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 September 24, 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 BSE Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before Wednesday, September 26, 2018 subject to receipt of final listing and trading approvals from the BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Alankit Assignments Limited at http://www.alankit.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:
|ALANKIT ASSIGNMENTS LIMITED||On behalf of the Board of Directors|
|Address: 205-208, Anarkali Complex, Jhandewalan||For, Ranjeet Mechatronics Limited|
|Extn., New Delhi - 110 055, India||Sd/-|
|Tel: +91 11 4254 1234; 2354 1234; Fax: +91 11 4154 3474;||Rakesh Swadia|
|Website: www.alankit.com;||Chairman Cum Managing Director|
|SEBI Registration Number: INR000002532;||DIN: 00356657|
|Contact Person: Mr. Pankaj Goenka / Mr. Bojimon K H;||Place: Ahmedabad|
|Email/ Investor Grievance E-mail: firstname.lastname@example.org||Date : September 24, 2018|
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 OFRANJEET MECHATRONICS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.