|Basis of Allotment|
is a Public Announcement for Information Purposes Only and is not a Prospectus
Announcement and does not Constitute an Invitation or Offer to Acquire,
Purchase or Subscribe to Securities. Not for Release, Publication or Distribution Directly or Indirectly Outside India)
LAGNAM SPINTEX LIMITED
Our Company was incorporated as "Lagnam Spintex Private Limited" at Bhilwara, Rajasthan as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 11,2010 bearing Corporate Identification Number U17119RJ2010PTC032089 issued by Registrar of Companies, Jaipur (Rajasthan). Subsequently, our Company was converted into Public Limited Company pursuant to Shareholders Resolution passed at the Extra-Ordinary General Meeting of our Company held on January 22,2018 and name of our Company was changed to "Lagnam Spintex Limited" and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated January 31, 2018 was issued by Registrar of Companies, Jaipur (Rajasthan). The Corporate Identification Number of our Company is U17119RJ2010PLC032089. For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History and Certain Corporate Matters" beginning on pages 73 and 185 of the Prospectus.
Registered Office: A-51-53, RIICO Growth Centre
Hamirgarh Bhilwara, Rajasthan, India, 311001; Tel. No.: +91 014 82
BASIS OF ALLOTMENT
INITIAL PUBLIC ISSUE OF 60,00,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID UP OF LAGNAM SPINTEX LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS.41/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.31/- PER EQUITY SHARE) AGGREGATING UPTO RS. 2,460.00 LAKHS ("THE ISSUE"), OF WHICH 3,00,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FOR CASH AT A PRICE OF RS.41/- PER EQUITY SHARE AGGREGATING RS. 123.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 57,00,000 EQUITY SHARES OF THE FACE VALUE OF RS.10/- EACH FOR CASH AT A PRICE OF RS.41/- PER EQUITY SHARE AGGREGATING RS.2,337.00 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.96% AND 32.26% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
The issue is being in terms of Chapter X-B of the SEBI(ICDR) Regulations, 2009 as amended from time to time. For Further details see "Issue Information" beginning on page 301 of the prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND
PROPOSED LIST1NG: TUESDAY, SEPTEMBER 18, 2018
The Equity Shares offered through the Prospectus are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited. The company has received an In-principle approval letter dated August 16th, 2018 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be announced with effect from Tuesday, September 18, 2018*
* Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs")
The issue has received 5,463 applications for 2,83,71,000 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 3,00,000 Equity Shares. The Issue was subscribed to the extent of 4.72 times as per the application data (before technical rejection, multiple rejections, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the Issue was subscribed 3.60 times. The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids) Details of the Applications Received and Banked (Before Technical Rejections):
The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical Rejection)
After eliminating technically rejected applications, the following tables give us Category wise net valid applications
*As per Regulations 43(4) of SEBI (ICDR) Regulations, If retail individual investor category is entitled to more than fifty percent on the proportionate basis, the retail individual investor category should be allocated at higher percentage.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on September 12, 2018
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker at the Issue Price of Rs. 41/- 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 3,00,000 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. 41/- per Equity Share was finalized in consultation with NSE. The Category was subscribed by 3.73 times. The Total number of shares allotted in this category is 40,62,000 Equity Shares to 1354 successful applicants.
The Category-wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 41/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 3.74 times. The total number of shares allotted in this category is 16,38,000 Equity Shares to 60 successful applicants.
The Category-wise details of the Basis of Allotment are as under: (Sample)
The Board of Directors of the Company at its meeting held on September 14, 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 to various successful applicants. The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on September 14,2018 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 fortrading on the EMERGE Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Offer. The trading is proposed to commence on or before September 18, 2018 subject to receipt of listing and trading approvals from NSE.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated August 18, 2018 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrarto the Issue, at 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
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF THE LAGNAM SPINTEX LIMITED.