(This is only an advertisement for
information purposes and is not a prospectus announcement.)
 |
FOCE INDIA LIMITED |
| Corporate Identification
Number: U33100MH2001PLC130385 |
Our company was originally incorporated as Heighten Trading Company
Private Limited on January 10, 2001 under the Companies Act, 1956 with the Registrar of
Companies, Mumbai bearing registration number 100385. Thereafter our Company 's name was
changed from Heighten Trading Company to Foce India Private Limited under the Companies
Act, 2013 after passing special resolution by the Shareholder at the Annual General
Meeting held on December 30, 2020 under Companies Act, 2013. The fresh Certificate of
incorporation was issued by the Registrar of Companies Mumbai on April 20, 2021. The
status of the Company was changed to public company and the name of our Company was
changed to Foce India Limited vide Special Resolution on April 30, 2021. The Fresh
certificate of Incorporation consequent to conversion was issued on June 15, 2021 by the
Registrar of Companies, Mumbai,
| Registered
Office: 4 Kingston. Shastri Nagar, Lokhandwala Complex, Andheri West, Mumbai - 400053.
Maharashtra |
| Corporate office: 1006.10th Floor,
Snkrishna, New Link Road, Andheri West Mumbai - 400053 Tel.: 022 026349544 E-mail:
office@foceindia.com
|
| Website: www.foceindia.com Contact
Person: Ms Kuntal Sharma (Company Secretary and Compliance Officer) |
| PROMOTERS OF
OUR COMPANY: MR. MANOJ SITARAM AGARWAL, MRS. ANITA MANOJ AGARWAL, MRS. PARMESHWARI SITARAM
AGARWAL |
The Equity Shares of the Company are proposed to be listed on Emerge
platform of National Stock Exchange of India Limited ("NSE Emerge") and trading
is expected to commence on Tuesday, December 28, 2021.
INITIAL PUBLIC OFFERING OF 12,90,000 EQUITY SHARES OF FACE VALUE OF RS.
10 EACH ("EQUITY SHARES") OF FOCE INDIA LIMITED ("OUR COMPANY" OR
"ISSUER") FOR CASH AT A PRICE OF RS. 225.00 PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS. 215.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO 12902.50
LAKHS ("ISSUE") CONSISTING OF FRESH ISSUE OF 9,00,000 EQUITY SHARES AGGREGATNG
TO RS. 2025.00 LAKHS AND AN OFFER FOR SALE OF 3,90.0000 EQUITY SHARES BY THE PROMOTER
SELLING SHAREHOLDER ("SELLING SHAREHOLDER") AGGREGATING TO RS. 877.5 LAKHS
("OFFER FOR SALE"), OUT OF WHICH 64,800 EQUITY SHARES OF RS. 10 EACH FOR CASH AT
A PRICE OF RS. 225.00 PER EQUITY SHARE AGGREGATING TO RS. 145.80 LAKHS RESERVED FOR
SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("THE MARKET MAKER RESERVATION
PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 12,25,200
EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 225.00 PER EQUITY SHARE AGGREGATING
TO RS. 2756.70 LAKHS (HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND
THE NET ISSUE WILL CONSTITUTE 26.36% AND 25.04% RESPECTIVELY OF THE POST ISSUE PAIDUP
EQUITY SHARE CAPITAL OF OUR COMPANY.
THE ISSUE PRICE IS RS. 225/- AND THE ISSUE PRICE IS 22.5 TIMES OF THE
FACE VALUE.
MINIMUM APPLICATION SIZE OF 600 EQUITY SHARES AND MULTIPLES OF 600
EQUITY SHARES THEREAFTER.
| ISSUE |
| OPENED ON: MONDAY,
DECEMBER 13, 2021 |
| CLOSED ON: FRIDAY,
DECEMBER 17, 2021 |
The Equity Shares offered through this Prospectus are proposed to be
listed on the Emerge Platform of National Stock Exchange Of India Limited ("NSE
EMERGE") in terms of the Chapter IX of the SEBIICOR Regulation, 2018 as amended
from time to time Our Company has received an in-principle approval letter no.
NSE/LIST/1318 on November 26, 2021 from National Stock Exchange Of India Limited
(Hereinafter referred "NSE") for using its name in this Offer Document
for listing of shares on the NSE. For the purpose of this Issue, the Designated Stock
Exchange is NSE.
In Terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation)
Rules, 1957, as amended (the "SCRA") the Issue has been made for at least 25% of
the Post-Issue paid up Equity Capital of the Company. This Issue is a Fixed Price Issue in
compliance with Chapter IX of the Securities and Exchange Board of India (Issue of Capital
and Disclosure Requirements) Regulations, 2018 (The "SEBI ICDR Regulations"), as
amended and Allocation in the Net Issue to the Public is made in terms of regulation 253
of the SEBI (ICDR) Regulations, 2018, as amended In terms of the SEBI Circular No.
CIR/CFD/POLICYCELL/11/2015 and SEBI/HO/CFD/DIL2/CIR/P/2018/138, All Applicants were
allowed to participate in the Issue through an Application Supported by Blocked Amount
("ASBA") process by providing details about the respective bank account
(including UPI ID (or RIIs using UPl Mechanism) wherein the Application Amount was blocked
by the Self Certified Syndicate Banks ('SCSBs') or under the UPI Mechanism as the case may
be, to the extent of respective Application Amount.
The Issue has received 507 applications (after removing application not
banked) for 858600 Equity Shares resulting in 0.67 times subscription (including reserved
portion of Market Maker) The details of the applications received in the Issue (before
technical rejections) are as follows:
| Category |
No. of
Applications applied |
No. of equity
shares applied |
Shares
reserved as per Prospectus |
No. of times
subscribed |
Amount (Rs.) |
| Retail individual Applicant |
465 |
279000 |
612600 |
0.45 |
62775000 |
| Other than Retail Individual
Applicant |
41 |
514800 |
612600 |
0.84 |
115830000 |
| Market Maker |
1 |
64800 |
64800 |
1.00 |
14580000 |
| Total |
507 |
858600 |
1290000 |
0.67 |
193185000 |
The details of application rejected by registrar or technical
ground/withdrawal are detailed below:
| Category |
No. of
Applications |
No of Equity
Shares |
| Retail Individual Applicant |
10 |
6000 |
| Other than Retail Individual
Applicant |
1 |
2400 |
| Market Maker |
- |
- |
| Total |
11 |
8400 |
| A) |
Allocation to Market Maker (After Technical Rejections & Withdrawals): The
Basis of Allotment to the Market Maker, at the Issue Price of Rs. 225.00 per Equity Share,
was finalised in consultation with the NSE. The category was subscribed by 1.000 time. The
total number of shares allotted in this category is 64800 Equity Shares. |
| B) |
Allocation to Retail Individual Investors (After Technical Rejections &
Withdrawals): The Basis ot Allotment to the Retail Individual Investors, at the Issue
Price of Rs. 225.00 per Equity Share, was finalised in consultation with the NSE. Pursuant
to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares
allocated in this category is 273000 Equity Shares. The category was subscribed by 0.45
times. The category-wise details of the Basis of Allotment are as under; |
| No.
of Shares Applied for (Category Wise) |
No.
of Applications Received |
%to
Total |
Total
No. of Shares Applied in Each Category |
%
to Total |
Allocation
per Applicant |
Ratio
of Allottees to the Applicant |
Total
No. of Shares Allotted |
| 600 |
455 |
100.00 |
273000 |
100.00 |
600 |
1:1 |
273000 |
| Total |
455 |
100.00 |
273000 |
100.00 |
|
|
273000 |
| C) |
Allocation to Other than Retails Category (After Technical Rejections &
Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price
of Rs. 225.00 per Equity Share, was finalised in consultation with the NSE Pursuant to
Regulation 253(2) of the SEBI (ICDR) Regulations, 2018 the total number of shares
allocated in this category Is 512400 Equity Shares. The category was subscribed by 0.84
times. The category-wise details of the Basis of Allotment are as under: |
| No.
of Shares Applied for (Category Wise) |
No.
of Applications Received |
%
to Total |
Total
No. of Shares Applied In Each Category |
%
to Total |
Allocation
per Applicant |
Ratio
of Allottees to the Applicant |
Total
No. of Shares Allotted |
| 1200 |
9 |
22.50 |
10800 |
2.11 |
10800 |
1:1 |
10800 |
| 3000 |
1 |
2.50 |
3000 |
0.59 |
3000 |
1:1 |
3000 |
| 3600 |
1 |
2.50 |
3600 |
0.70 |
3600 |
1:1 |
3600 |
| 4200 |
2 |
5.00 |
8400 |
1.64 |
8400 |
1:1 |
8400 |
| 6600 |
1 |
2.50 |
6600 |
1.29 |
6600 |
1:1 |
6600 |
| 7200 |
1 |
2.50 |
7200 |
1.41 |
7200 |
1:1 |
7200 |
| 7800 |
1 |
2.50 |
7800 |
1.52 |
7800 |
1:1 |
7800 |
| 8400 |
2 |
5.00 |
16800 |
3.28 |
16800 |
1:1 |
16800 |
| 10200 |
3 |
7.50 |
30600 |
5.97 |
30600 |
1:1 |
30600 |
| 10800 |
7 |
17.50 |
75600 |
14.75 |
75600 |
1:1 |
75600 |
| 13200 |
1 |
2.50 |
13200 |
2.58 |
13200 |
1:1 |
13200 |
| 15000 |
1 |
2.50 |
15000 |
2.93 |
15000 |
1:1 |
15000 |
| 22200 |
6 |
15.00 |
133200 |
26.00 |
133200 |
1:1 |
133200 |
| 33000 |
2 |
5.00 |
66000 |
12
87 |
66000 |
1:1 |
66000 |
| 48000 |
1 |
2.50 |
48000 |
9.37 |
48000 |
1:1 |
48000 |
| 66600 |
1 |
2.50 |
66600 |
13.00 |
66600 |
1:1 |
66600 |
| Total |
40 |
100.00 |
512400 |
100.00 |
|
|
512400 |
| D) |
Allocation to Lead Manager/Underwriter's Obligation (After Technical Rejections
& Withdrawal): The issue was under subscribed to the extent of 441000 Equity
Shares but after revalidation of Bids by the Registrar, 2 applications of UPI for 1200
Equity Shares were considered as valid applications, which were rejected inadvertently on
account of multiple applications. Consequently, the Underwriters Obligations has reduced
by 1200 Equity Shares. Lead Manager cum underwriter, Mark Corporate Advisors Private
Limited had fulfilled its underwriting obligation of 100.00% of the Issue Size on its own
account and has accordingly subscribed for 441000 Equity Shares. The Basis of Allotment
for Lead Manager/Underwriter's Category at the issue price of Rs. 225/- per Equity Share,
was finalized in consultation with NSE and 4,39,800 Equity Shares were allotted to Mark
Corporate Advisors Private Limited and the same is as under: |
| No.
of Shares applied for (Category wise) |
No.
of Applications Received |
%
to total |
Total
No. of Shares Applied in each category |
%of
total |
Proportionate
Shares Available |
Ratio
of Allottees to Applicants |
Total
No. of Shares Allotted |
Surplus/
Deficit |
| 441000 |
1 |
100.00 |
441000 |
100.00 |
430800 |
1:1 |
439800 |
0 |
The Board of Directors of the Company at its meeting held on December
23, 2021 has taken on record the Basis of Allotment of Equity Shares, as approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized
the corporate action for the allotment of the Equity Shares to various successful
applicants.
The CAN and allotment advice and / or notices being dispatched to the
address of the investors as registered with the depositories. Further, the instructions to
Sell Certified Syndicate Banks had been processed on December 24, 2021 for unblocking of
funds. The Equity Shares allotted 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 NSE.
Note: All capitalized terms used and not defined herein shall have
the respective meanings assigned to them in the Prospectus dated December 06, 2021.
The detail of the allotment made has been hosted on the website of the
Registrar to the Issue, Purva Sharegistry (India) Private Limited. All future
correspondence in this regard may kindly be addressed to the Registrar to the Issue
quoting full name of the First/Sole Applicant, Serial number of the Application Form,
Number of Shares Applied for and Bank Name & Branch where the Application had been
lodged and payment details at the address given below:
 |
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED |
| Unit No. 9 Shiv Shakti Ind Estate, J. R.
Boncha Marg |
| Opp Kastuiba Hospital Lane, Lower Parel (E),
Mumbai - 400011 |
| Tel. No.: 022-2301 6761 / 8261 Fax:
022-23012517 |
| E-mail: support@porvashare.com |
| Website: www.purvashare.com |
| SEBI Regn No: INR000001112 |
|
For Foce India Limited |
|
On behalf of the Board of Directors |
|
Sd/- |
|
Manoj Agarwal |
| Place: Mumbai |
Managing Director |
| Date: December 25,
2021 |
DIN:00159601 |
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 FOCE INDIA
LIMITED.