| Basis of Allotment |
(This is only an advertisement for Information purpose and is not a prospectus announcement.)
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UMA CONVERTER LIMITED |
Uma Converter Limited ("Company" or Issuer") was originally incorporated as "Uma Converter Private Limited on June 18, 1999 as a private limited company under the Companies Act. 1956 with the Registrar of Companies, Gujarat Dadra and Nagar Haven. Pursuant to a special resolution of our Shareholders passed in the 19th annual general meeting held on August 29, 2018 our Company was converted from a private limited company to a public limited company and consequently the name of our Company was changed to Uma Converter Limited', and a fresh certificate of incorporation dated September 27, 2018 was Issued to our Company by the Registrar of Companies, Gujarat at Ahmedabad. For details of change in the name of our Company and Registered Office of our Company, please refer chapter titled "History and Certain Corporate Matters" on page 163 of this Prospectus.
| Registered Office: Block No. 86B. Near CNG Petrol Pump. Santej Road. Village - Santej, Taluka Kalol, Gandhinagar- 382 721. Gujarat. India Website: www.umaconverter.com | E-Mail: cs@umaconverter.com | Telephone No: +91 7069630049 | CIN: U25111GJ1999PLC0361&3 |
| Company Secretary and Compliance Officer: Ms Hiral Shah |
| PROMOTERS OF THE COMPANY: SUMER RAJ LODHA, NIRMALA LOOHA, ABHISHEK SUMERRAJ LODHA |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 55,80,000 EQUITY SHARES OF FACE VALUE Rs 10 EACH ("EQUITY SHARES") OF UMA CONVERTER LIMITED (THE "COMPANY" OR THE "ISSUER'') FOR CASH AT A PRICE OF Rs 33 PER EQUITY SHARE (INCLUDING A SECURITIES PREMIUM OF Rs 23 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING 1,841.40 LAKHS ("ISSUE") OF THE ISSUE, 3,00,000 EQUITY SHARES AGGREGATING TO Rs 99.00 LAKHS IS RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I E. ISSUE OF 52,80,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH AT AN ISSUE PRICE OF Rs 33 PER EQUITY SHARE AGGREGATING TO Rs 1742.40 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.53% AND 26.05% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE EQUITY SHARES IS Rs10 EACH. |
| THE ISSUE PRICE OF Rs 33.00/- PER EQUITY SHARE WAS 3.3 TIMES OF THE FACE VALUE. |
| ISSUE PROGRAMME |
| OPENED ON: THURSDAY, DECEMBER 15, 2022 |
| CLOSED ON: WEDNESDAY, DECEMBER 21, 2022 |
This issue was made in terms of chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (the "SEBI ICDR REGULATIONS''), as amended in terms of rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR"), the Issue was made for at least 25% of the post-issue paid-up equity share capital of our company. This Issue is a fixed price issue and allocation in the net issue to the public was made in terms of regulation 253 of the SEBI ICDR Regulations, as amended. For further details, please refer to section fitted "Issue Procedure" beginning on Page No. 236 of the Prospectus.
Listing: The Equity Shares of our Company issued through the Prospectus are proposed to be listed do the EMERGE Platform of National Stock Exchange of India Limited, in terms of the Chapter IX of the SEBI ICDR Regulations as amended from time to time. Our Company has received an In-Principle approval letter dated November 29, 2022 from National Stock Exchange of India Limited ("NSE') for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue. National Stock Exchange of India Limited shall be the Designated Stock Exchange. Our Company will tile listing application on or before December 29, 2022 with NSE. The trading is proposed to be commenced on or before December 30, 2022 (Subject to receipt of listing and trading approvals from NSE).
| SUBSCRIPTION DETAILS |
The issue has received 12,997 applications for 54,48,40.000 Equity shares (before rejections, before application not banked but after Invalid Multiple, Duplicate applications) including Market Maker Application of 3,00,000 Equity Shares, The Issue was subscribed to the extent of 15.85 times as per the bid book received from NSE (before rejections, before application not banked but after Invalid Multiple 'Duplicate application) After considering the technical rejections cases, the Issue was subscribed 15.41 times
The details of application received (Before Technical Rejection but after application not banked and application banked but application not registered)
| Category | No. of Applications | % of Total | Number Of Equity Shares Applied | Subscription |
| Market Maker | 01 | 0.01 | 3,00,000 | 1 |
| Other than Retail Individual Investors | 1121 | 6.63 | 4,06,24,000 | 15.39 |
| Retail Individual Investors | 11,875 | 97.36 | 4,75,00,000 | 17.99 |
| Total | 12,997 | 100.00 | 8,84,24,000 | 15.85 |
Summary of Valid Applications (alter Technical and multiple rejections):
| Category | Gross | Less: Rejections | Valid | Subscription (based on reservation in the Prospectus) | |||
| Number of Applications | Equity Shares Applied | Number of Applications | Equity Shares Applied | Number of Applications | Equity Shares Applied | ||
| Market Maker | 01 | 3,00,000 | 0 | 0 | 1 | 1.64,000 | 1.00 |
| Other than Retail Individual Investors | 1121 | 4,06,24,000 | 23 | 11,92,000 | 1098 | 3,93,92,000 | 14 92 |
| Retail Individual Investors | 11,875 | 4,75,00,000 | 298 | 12,32,000 | 11,577 | 4,63,08,000 | 17.54 |
| Total | 12,997 | 487,992.000 | 321 | 24,24,000 | 12,676 | 8,60,00,000 | 15.41 |
ALLOCATION: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on December 26, 2022.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 33/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of Equity Shares allotted in this category is 3,00,000 Equity Shares in lull out of reserved portion of 3,00,000 Equity Shares.
B. Allocation to Retail Individual investors (Alter Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue Price of Rs 33/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 16.16 times. Total number of Equity Shares allotted m this category is 28,56,000 Equity Shares. The category wise basis of allotment is as under:
| No. of Equity Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Equity Shares applied | % to total | Proportionate Equity Shares available | Allocation per Applicant | Ratio of allottees to applicant | Total No. of Equity Shares allotted | % to total | Surplus/ Deficit | |
| Before Rounding off | After Rounding off | ||||||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | (12) |
| 4000 | 11,577 | 100 | 4,63,08,000 | 100 | 28,56,000 | 246.7 | 4000 | 14:227 | 28,56,000 | 100 | 0 |
C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the Issue Price of Rs 33/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 16.25 times. Total number of Equity Shares allotted in this category is 24,24,000 Equity Shares. The category wise basis of allotment is as under:
| No. of Equity Shares applied for (Category wise) | Number of applications received | % to total | Total No, of Equity Shares applied | %to total | Proportionate Equity Shares available | Allocation per Applicant | Ratio of allottees to applicant | Total No. of Equity Shares allotted | % to total | Surplus,1 Deficit | ||
| Before Rounding oil | After Rounding off | |||||||||||
| (1) | (2) | (4) | (5) | (6) | (7) | (8) | (9 | (10) | (11) | (12) | ||
| 8,000 | 661 | 60 20 | 52,88,000 | 13.42 | 3,25,399 | 492.28 | 4.000 | 81 | 661 | 3,24,000 | 13.35 | -1399 |
| 12,000 | 89 | 8.11 | 10,68,000 | 2.71 | 65,720 | 738.43 | 4.000 | 16 | 89 | 64,000 | 2.64 | -1720 |
| 16,000 | 45 | 4.10 | 7,20,000 | 1.83 | 44,305 | 984.56 | 4.000 | 11 | 45 | 44,000 | 1 82 | -305 |
| 20,000 | 26 | 2.37 | 5,20,000 | 1.32 | 31,998 | 1230.69 | 4.000 | 4 | 13 | 32,000 | 1.32 | 2 |
| 24,000 | 25 | 2.28 | 6,00,000 | 1.52 | 36,921 | 1476.84 | 4,000 | 9 | 25 | 36,000 | 1.49 | -921 |
| 28,003 | 22 | 2.00 | 6,16,000 | 1.56 | 37,906 | 1723 | 4,000 | 5 | 11 | 40,000 | 1.65 | 2094 |
| 32,000 | 67 | 6.10 | 21,44,000 | 5.44 | 1,31,932 | 1969.13 | 4.000 | 33 | 67 | 1,32,000 | 5.44 | 6B |
| 36,000 | 15 | 1.37 | 5,40,000 | 1.37 | 33,229 | 2215.27 | 4,000 | 8 | 15 | 32,000 | 1.32 | 1229 |
| 40,000 | 37 | 3.37 | 14,80,000 | 3.76 | 91,072 | 2461.41 | 4,000 | 23 | 37 | 92,000 | 3.80 | 928 |
| 44,000 | 11 | 1.00 | 4,84,000 | 1.23 | 29,783 | 2707.55 | 4.000 | 7 | 11 | 28,000 | 1.16 | -1783 |
| 48,000 | 6 | 0.55 | 2,88,000 | 0.73 | 17,722 | 2953.67 | 4,000 | 2 | 3 | 16,000 | 0.66 | -1722 |
| 52,000 | 6 | 0.55 | 3,12,000 | 0.79 | 19,199 | 3199.83 | 4,000 | 5 | 6 | 20,000 | 0.83 | 801 |
| 56,000 | 5 | 0.46 | 2,80,000 | 0.71 | 17,230 | 3446 | 4.000 | 4 | 5 | 16,000 | 0.66 | -1230 |
| 60,000 | 12 | 1.09 | 7,20,000 | 1.83 | 44,305 | 369208 | 4,000 | 11 | 12 | 44,000 | 1.82 | -305 |
| 64,000 | 3 | 0.27 | 1,92,000 | 0.49 | 11,815 | 393833 | 4,000 | 1 | 1 | 12,000 | 0.50 | 185 |
| 68,000 | 1 | 0.09 | 68,000 | 0.17 | 4,184 | 4184 | 4.000 | 1 | 1 | 4,000 | 0.17 | -184 |
| 72,000 | 4 | 0.36 | 2,88,000 | 0.73 | 17,722 | 4430.5 | 4.000 | 1 | 1 | 16,000 | 0.66 | -1722 |
| 76,000 | 3 | 0.27 | 2,28,000 | 0.58 | 14,030 | 4676.67 | 4,000 | 1 | 1 | 12,000 | 0.50 | -2030 |
| 80,000 | 7 | 0.64 | 5,60,000 | 1.42 | 34,460 | 4922 86 | 4.000 | 1 | 1 | 28,000 | 1 16 | -6460 |
| 88,000 | 4 | 0.36 | 3,52,000 | 0.89 | 21,660 | 5415 | 4.000 | 1 | 1 | 16,000 | 0.66 | -5660 |
| 92.000 | 2 | 0.18 | 1,84,000 | 0.47 | 11,323 | 5661.5 | 4,000 | 1 | 1 | 8,000 | 0.33 | -3323 |
| 96.000 | 1 | 0.09 | 96,000 | 0.24 | 5,907 | 5907 | 8,000 | 1 | 1 | 8,000 | 0.33 | 2093 |
| 1,00,000 | 3 | 0.27 | 3,00,000 | 0.76 | 18,461 | 6153.67 | 4,000 | 1 | 1 | 12,000 | 0.50 | 6461 |
| 1,04,000 | 1 | 0.09 | 1,04,000 | 0.26 | 6,400 | 6400 | 8,000 | 1 | 1 | 8,000 | 0.33 | 1600 |
| 1,08,000 | 1 | 0.09 | 1,08,000 | 0.27 | 6,646 | 6646 | 8,000 | 1 | 1 | 8,000 | 0.33 | 1354 |
| 1,12,000 | 1 | 0.09 | 1,12,000 | 0.28 | 6,892 | 6892 | 8.000 | 1 | 1 | 8,000 | 0.33 | 1108 |
| 1,20,000 | 2 | 0.18 | 2,40,000 | 0,61 | 14,768 | 7384 | 8.000 | 1 | 1 | 16,000 | 0.66 | 1232 |
| 1,24,000 | 1 | 0.09 | 1,24,000 | 0.31 | 7,630 | 7630 | 8,000 | 1 | 1 | 8,000 | 0.33 | 370 |
| 1,32,000 | 1 | 0.09 | 1,32,000 | 0.34 | 8,123 | 8123 | 8,000 | 1 | 1 | 8,000 | 0.33 | -123 |
| 1,52,000 | 2 | 0.18 | 3,04,000 | 0.77 | 18,707 | 9353.5 | 8.000 | 1 | 1 | 16,000 | 0.66 | -2707 |
| 1,56,000 | 1 | 0.09 | 1,56,000 | 0.40 | 9,600 | 9600 | 8,000 | 1 | 1 | 8,000 | 033 | -1600 |
| 1,60,000 | 1 | 0,09 | 1,60,000 | 0.41 | 9,846 | 9846 | 8,000 | 1 | 1 | 8,000 | 0.33 | -1846 |
| 1,84,000 | 1 | 0.09 | 1,84,000 | 0.47 | 11,323 | 11323 | 12,000 | 1 | 1 | 12,000 | 0.50 | 677 |
| 2,00,000 | 1 | 0.09 | 2,00,000 | 0.51 | 12,307 | 12307 | 12,000 | 1 | 1 | 12,000 | 0 50 | -307 |
| 2,40,000 | 3 | 0.27 | 7,20,000 | 1.83 | 44,305 | 14768.33 | 12,000 | 1 | 1 | 36,000 | 1.49 | -8305 |
| 2,44,000 | 1 | 0.09 | 2,44,000 | 0.62 | 15,015 | 15015 | 16,000 | 1 | 1 | 16,000 | 0,66 | 985 |
| 2,52,000 | 1 | 0.09 | 2,52,000 | 0.64 | 15,507 | 15507 | 16,000 | 1 | 1 | 16,000 | 066 | 493 |
| 2,72,000 | 1 | 0.09 | 2,72,000 | 0.69 | 16,738 | 16738 | 16,000 | 1 | 1 | 16,000 | 0.66 | -738 |
| 3,00,000 | 6 | 0.55 | 18,00,000 | 4.57 | 1,10,764 | 18460.67 | 16,000 | 1 | 1 | 96,000 | 3.96 | 14764 |
| 3,04,000 | 4 | 0.36 | 12,16,000 | 3.09 | 74,827 | 18706.75 | 16.000 | 1 | 1 | 64,000 | 2.64 | 10827 |
| 3.76,000 | 1 | 0.09 | 3,76,000 | 0.95 | 23,137 | 23137 | 24.000 | 1 | 1 | 24,000 | 0.99 | 863 |
| 4.04.000 | 1 | 0.09 | 4,04,000 | 1.03 | 24,860 | 24860 | 24.000 | 1 | 1 | 24,000 | 0.99 | -860 |
| 4,60,000 | 2 | 0.18 | 9,20,000 | 2.34 | 56,613 | 28306.5 | 28.000 | 1 | 1 | 56,000 | 2.31 | -613 |
| 5,48,000 | 1 | 0.09 | 5,48,000 | 1.39 | 33,721 | 33721 | 32.000 | 1 | 1 | 32,000 | 1.32 | -1721 |
| 6,00,000 | 2 | 0.18 | 12,00,000 | 3.05 | 73,842 | 36921 | 36,000 | 1 | 1 | 72,000 | 2.97 | -1842 |
| 6,04,000 | 1 | 0.09 | 6,04,000 | 1.53 | 37,167 | 37167 | 36.000 | 1 | 1 | 36,000 | 1.49 | -1167 |
| 8,76,000 | 1 | 0.09 | 8,76,000 | 2.22 | 53,905 | 53905 | 52,000 | 1 | 1 | 52,000 | 2.15 | -1905 |
| 9,08,000 | 1 | 0.09 | 9,08,000 | 2.31 | 55,874 | 55874 | 56.000 | 1 | 1 | 56,000 | 2.31 | 126 |
| 15,12,000 | 1 | 0.09 | 15,12,000 | 3.84 | 93,041 | 93041 | 92,000 | 1 | 1 | 92,000 | 3 80 | -1041 |
| 21,20,000 | 1 | 0.09 | 21,20,000 | 5.38 | 1,30,455 | 130455 | 1.32.000 | 1 | 1 | 1,32,000 | 5.44 | 1545 |
| 23,32,000 | 1 | 0.09 | 23,32,000 | 5.92 | 1,43,500 | 143500 | 1,44.000 | 1 | 1 | 1,44,000 | 5.93 | 500 |
| 39,36,000 | 1 | 0.09 | 39,36,000 | 9.99 | 2,42,204 | 242203 | 2.44.000 | 1 | 1 | 2,44,000 | 10.06 | 1796 |
The Board of Directors of the Company at its meeting held on December 26, 2022 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz, National Stock Exchange of India Limited and authorized corporate action for allotment of shares m dematerialized form to various successful applicants
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 28, 2022. Further, the instructions to SCS8s has been issued on December 28, 2022 for unblocking of funds The request for electronic credit of Equity Shares will be made to Depositories on or before December 29, 2022. 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 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 Our Company will file listing application on or before December 29, 2022 with NSE The trading is proposed to be commenced on or before December 30, 2022 (Subject to receipt of listing and trading approvals from NSE)
INVESTORS. PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com . All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/Sole applicant, 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::
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BIGSHARE SERVICES PRIVATE LIMITED |
| Office No. S6-2,6th Floor, Pinnacle Business Park Next to Ahura Centre, Mahakafi Caves Road, | |
| Andheri (East) Mumbai - 400 093. Maharashtra, India. | Telephone: +91 22 6263 8200 | Facsimile: +91 22 6263 8299 | |
| E-mail: ipo@bigshareonline.com | Website: www.bigshareonline.com Investor grievance E-mail: investor@bigshareonline.com . | |
| Contact Person: Babu Rapheal C. I SEBI Registration No.: INRQ00001385 |
| For Uma Converter Limited On Behalf of the Board of Directors | |
| Sd/- | |
| Place: Gandhinagar | Mr, Sumer Raj Lodha |
| Date: 27th December, 2022 | Managing Director (QIN-00033283) |
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 UMA CONVERTER LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
Uma Converter Limited is proposing, subject to market conditions, public Issue of its equity shares and has tiled the Prospectus with the Registrar of Companies. Chandigarh. The Prospectus is available on the website of SEBI at www.sebi.gov.in , the website of the Lead Manager at www.gyrcapitalaclvisors.com , website of the National Stock Exchange of India Limited at www.nseindia.com and Website of Issuer Company at www.umaconverter.com Investors should note that investment m Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on Page No. 24 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined m the Regulations under the Securities Act), except pursuant to an exemption from, or In a transaction not subject to the registration requirements of the Securities Act of 1933.
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