|Basis of Allotment|
(This is only an advertisement for Information purpose and not a Prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India)
|AHLADA ENGINEERS LIMITED|
Our Company was incorporated as 'Ahlada Engineers Private Limited' on August 10, 2005 under the Companies Act, 1956, with the Registrar of Companies, Andhra Pradesh at Hyderabad. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders dated January 23, 2018 and the name of our Company was changed to "Ahlada Engineers Limited" vide fresh certificate of incorporation dated February 6, 2018. For further details pertaining to the change of name and Registered Office, please refer to the chapter "History and Certain Corporate Matters" on page 115 of the Prospectus.
|Corporate Identification Number: U24239TG2005PLC047102|
|Registered Office: Door No 4-56, Survey No. 6211/A & 67, Tech Mahindra Road, Bahadurpally, Qutbullapur Mandal, Hyderabad 500 043, Rangareddi, Telangana, India;|
|Telephone: +91 98 6650 0811 / +91 98 6650 0822; Contact Person: Pusuluru Kodanda Rami Reddy, Company Secretary and Compliance Officer; E-mail: email@example.com; Website: www.ahlada.com|
|OUR PROMOTER: CHEDEPUDI SURESH MOHAN REDDY|
|BASIS OF ALLOTMENT|
PUBLIC ISSUE OF UPTO 34,05,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF AHLADA ENGINEERS LIMITED ("AHLADA", "COMPANY" OR THE "ISSUER") FOR CASH ATA PRICE OF Rs. 150/- PER EQUITY SHARE ("ISSUE PRICE") INCLUDING SHARE PREMIUM OF Rs. 140/- PER EQUITY SHARE AGGREGATING UPTO Rs. 5,107.50 LAKHS* ("THE ISSUE"), OF WHICH UPTO 1,71,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR A PRICE OF Rs. 150/- PER EQUITY SHARE, AGGREGATING UPTO Rs. 256.50 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 UPTO 32,34,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT AN ISSUE PRICE OF Rs. 150/- PER EQUITY SHARE AGGREGATING UPTO Rs. 4,851.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.35% AND 25.03%, RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITALOF OUR COMPANY.
|ISSUE PRICE: Rs. 150 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH|
|THE ISSUE PRICE IS 15 TIMES OF THE FACE VALUE OF EQUITY SHARES|
|BID/ISSUE OPENED ON: TUESDAY, SEPTEMBER 11, 2018 | BID/ISSUE CLOSED ON: TUESDAY, SEPTEMBER 18, 2018|
Our Company has filed the Prospectus with the Registrar of Companies, Hyderabad, Telangana the Equity Shares are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE") and the trading expected to commence on or about September 27, 2018.*
*subject to receipt of listing and trading approval from NSE.
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR'') the Issue is being made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ("SEBI (ICDR) Regulations"), wherein not more than 40.01% of the Net Issue shall be available for allocation on a proportionate basis to QIBs. 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 24.99% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Issue will be available for allocation to Retail Individual Investors, in accordance with the SEBI (ICDR) Regulations, subject to valid Bids being received at or above the Issue Price. In terms of SEBI Circular No. CIR/CFD/POLICYCELU11/2015, dated November 10, 2015 all potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs") for the same. For details in this regard, specific attention is invited to the Chapter titled "Issue Procedure" on page 277 of the Prospectus.
The Issue received 3666 applications for 7609000 Equity Shares as per the bid book resulting in 2.23 times subscription as disclosed in Prospectus. The details of the applications received in the Offer from Retail Individual Bidders, Non-Institutional Bidders, QIBs and Employee reservation portion are as under (before technical rejections):
|Sr. no.||Category||No. of Applications||No. of Equity Shares||Equity Shares Reserved||No. of times Subscribed||Amount (in Rs.)|
|A||Retail Individual Investors||3117||3117000||1132000||2.753||467527000|
|B||Non Institutional Investors||37||1681000||808000||2.080||252150000|
|C||Qualified Institutional Buyers (Excluding Anchor Investors)||4||1809000||1294000||1.397||271350000|
A summary of the final demand as per the NSE as on the Bid/Issue Closing Date at different Bid prices is as under:
|Sr. No.||Bid price||No. of Equity Shares||% to Total||Cumulative shares||Cumulative % of Total|
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on September 25, 2018.
A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 150 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 2.731 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 1132000 Equity Shares to 1132 successful applicants. The category-wise details of the Basis of Allotment are as under:
|Category Wise Shares||No. of Applications Received||% of Total||Total No. of Equity Shares Applied||% to Total||No. of Equity Shares Allotted per Applicant||Ratio||Total No. of Equity Shares Allotted|
|1000||3092||100 %||3092000||100 %||1000||26:71||1132000|
B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs. 150 per Equity Share or above, was finalized in consultation with the NSE. This category has been subscribed to the extent of 2.076 times. The total number of Equity Shares allotted in this category is 808000 Equity Shares to 36 successful applicants. The category-wise details of the Basis of Allotment are as under: (Sample)
|Category Wise Shares||Number of applications received||% to total||Total No. of Shares applied in each category||% to total||Total No. of shares allocated/alloted||Ration of allottees to applicants||Total No. of shares allocated/lloted|
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Issue Price of Rs. 150 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.397 times of Net QIB portion. As per the SEBI Regulations, 5% of the QIB portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders including Mutual Funds, Since the issue has not received any application in Mutual Fund category all the shares allotted in QIB category. The total number of Equity Shares allotted in the QIB category is 1294000 Equity Shares, which were allotted to 4 successful Applicants.
D. Allotment to Market under Market maker reservation (After Technical Rejections)
The Basis of Allotment to the market maker under market maker reservation portion, who have bid at cut-off or at the Offer Price of Rs. 150 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 1.00 time. The total number of Equity Shares Allotted in Market Maker category is 171000 Equity Shares to 1 successful applicant.
The category-wise details of the Basis of Allotment are as under:
|Category Wise Shares||No. of Applications Received||% of Total||Total No. of Equity Shares||% to Total||No. of Equity Shares Allotted per Applicant||Ratio||Total No. of Equity Shares Allotted|
|171000||1||100 %||171000||100 %||171000||1:1||171000|
The Board of Directors of our Company at its meeting held on September 25, 2018 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories on or before September 27, 2018. Further, instructions to the SCSBs have been dispatched/mailed for unblocking of funds and transfer to the Public Offer Account on or before September 25, 2018. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Advices have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees have been uploaded on or before September 26, 2018 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE within 6 working days 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.
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of 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 Offer quoting full name of the First/Sole applicant, Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
|BIGSHARE SERVICES PRIVATE LIMITED|
|1st Floor, Bharat Tin Works Building, Opposite Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai - 400 059, Maharashtra, India.|
|Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299; E-mail: firstname.lastname@example.org; Website: www.bigshareonline.com; Investor grievance: email@example.com;|
|Contact person: Babu Raphael; SEBI Registration No: INR000001385; Validity of Registration: Permanent|
|For Ahlada Engineers Limited|
|On behalf of the Board of Directors|
Place : Hyderabad, Telangana
Date : September 26, 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 OF AHLADA ENGINEERS LIMITED