|Basis of Allotment|
is only an advertisement for Information purposes and not a Prospectus announcement.)
SYNERGY GREEN INDUSTRIES LIMITED
Our Company was originally incorporated on October 08, 2010 as "Synergy Green Industries Private Limited" as Private Limited Company under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Pune. Further, our Company was converted into Public Limited Company and consequently name of company was changed from "Synergy Green Industries Private Limited" to "Synergy Green Industries Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on February 12, 2018 and a fresh certificate of incorporation dated February 16, 2018 issued by the Registrar of Companies, Pune. For further details, please refer to chapter titled/ "History and Certain Corporate Matters" beginning on page 118 of the Prospectus.
CONTACT PERSON: MR. NILESH MOHAN MANKAR (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTERS OF OUR COMPANY: MR. SACHIN RAJENDRA SHIRGAOKAR. MR.
SOHAN SANJEEV SHIRGAOKAR,
INITIAL PUBLIC ISSUE OF 37,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES') OF SYNERGY GREEN INDUSTRIES LIMITED ("0UR COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 70.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 60.00 PER EQUITY SHARE) ("ISSUE PRICE")AGGREGATING TO RS 2646.00 LAKHS ("ISSUE") OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 70.00 PER EQUITY SHARE, AGGREGATING TO RS 134.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"), THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 35,88,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 70.00 PER EQUITY SHARE AGGREGATING TO RS 2511.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.75% AND 25.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 242 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC IS MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009. AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 250 OF THE PROSPECTUS
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 70.00. THE ISSUE PRICE IS 7.0 TIMES OF THE FACE VALUE.
ISSUE OPENS ON: TUESDAY, SEPTEMBER 04, 2018 & ISSUE CLOSED ON: TUESDAY, SEPTEMBER 11, 2018 PROPOSED LISTING: SEPTEMBER 21, 2018
The Equity Shares offered through the Prospectus are proposed to be listed or the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated July 31, 2018 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about September 21, 2018. *
* Subject to receipt of Listing and trading approvals from the BSE Limited.
All Applicants ware allowed to participale in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding applicalion amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"),
The issue has received 338 applications for 38,00,000 Equity Shares resulting in 1.01
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 - BSE Limited on September 17, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs 70 per Equity Share
was finalised in Conusltation BSE Limhed. The category was subscribed by 1.00 times.
The total number of shares allotted in this category is 1,92,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawal): The Basis of Allotment to the Ralail Individual Investors, at
the issue price of Rs 70 per Equity Share, was finalized in consultation with BSE Limited.
Tha category was subscribed by 0.32 times i.e. for 5,78,000 Equity Shares. Total number or
shares allotted in this category is 5,78,000 Equity Shares to 289 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 70 per Equity Share, was finalised in
consultation with BSE Limited. The cetegory was subscribed by 1.66 times, i. e. for
30,18,000 shares the total number of shares allotted in this category is 30,10,000 Equity
Shares 42 successful applicants.
The Board of Directors of the Company at its meeting held on September 17, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited on September 17, 2018. Further the Company in its meeting held on September 18, 2018 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advices and/or notices will forwarded to the email id's and address of the Applicants as registered 'with the depositories/as filled in the application form Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to September 19, 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 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 Limiled (BSE SME) 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 August 24, 2018 ("Prospectus")
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issue. Link Intirne India Private Limited at www.intime.co.in All future correspondence in this record 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:
LINK INTIME INDIA PRIVATE LIMITED
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 SYNERGY GREEN INDUSTRIES LIMITED.