| Basis of Allotment |
(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)
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PRECISION METALIKS LIMITED |
(CIN:U74900TG2012PLC082194)
Our Company was originally incorporated as a public limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Registrar of Companies, Andhra Pradesh, Hyderabad dated July 27, 2012 with the name 'Precision Metaliks Limited'. Subsequently, the company was converted into private limited company and the name was changed to 'Precision Metaliks Private Limited' vide fresh certificate of incorporation issued by the Registrar of Companies, Telangana, Hyderabad on March 18, 2016. Subsequently, our Company was converted again into a public limited company and the name of our Company was changed to 'Precision Metaliks Limited' and a fresh certificate of incorporation consequent upon conversion to public limited company was issued by the Registrar of Companies, Telangana, Hyderabad, on March 19, 2021. For details of changes in registered office, if any, please refer "History and Certain Other Corporate Matters" on page 100 of the Prospectus.
| Registered office: # 6-3-855/1Q/A, Flat No. 4A, Sampathji Apartments, Saadat Manzil, Ameerpet, Hyderabad - 500016, Telangana, India; |
| Corporate Office: 9-19-43, Suryadev Apartments, Flat - 202, CBM Compound, Visakhapatnam - 530003, Andhra Pradesh, India: |
| Tel: +91 891 4884132 |
| Website: www.precision-metaliks.com |
| E-mail: cs@precision-metaliks.com |
| Contact Person: Rakesh Kumar Chandak, Company Secretary and Compliance Officer |
| OUR PROMOTERS: ABHISHEK BUSINESS PRIVATE LIMITED AND JAYANTHI ROJA RAMANI |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC ISSUE OF 43,00,000 EQUTY SHARES OF FACE VALUE OF RS.10.00 EACH OF PRECISION METALIKS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS.51 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.41 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS.2193 LAKHS ("THE ISSUE"). OF THE ISSUE, 2,16,000 EQUITY SHARES AGGREGATING TO RS.110.16 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 40,84,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH AT AN ISSUE PRICE OF RS. 51 PER EQUITY SHARE AGGREGATING TO RS. 2082.84 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.45% AND 25.12%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE 169 OF THE PROSPECTUS.
As per Regulation 253(2) of the SEBI (ICDR) Regulations, as amended, as present issue is a fixed price issue 'the Allocation' is the net issue to the public category shall be made as follows:
a. Minimum fifty percent(50%) To Retail Individual Investors; and
b. Remaining to:
(i) Individual applicants other than retail individual investors; and
(ii) Other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for
c. The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.
If the retail individual investor category is entitled to more than fifty per cent on proportionate basis, accordingly the retail individual investors shall be allocated that higher percentage.
| THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE OF RS. 51 IS 5.1 TIMES OF THE FACE VALUE. |
| ISSUE OPENED ON January 19, 2022 AND CLOSED ON January 24, 2022 |
The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of National Stock Exchange Limited ("NSE") in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received the In-Principal approval letter dated November 26,2021 from NSE for using its name in the Offer Document for listing of our shares on the EMERGE Platform of NSE. For the purpose of this Issue, NSE shall be the Designated Stock Exchange. The trading is proposed to be commenced on or about TUESDAY; FEBURARY 01, 2022 (Subject to the receipt of listing and trading approval from the NSE EMERGE Platform).
All Applicants were allowed to participate 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"). Further, for Retail Individual Investors (individual Investors biding for amount upto Rs. 2 Lacs) use of UPI Id in Application Form is mandatory while applying for equity IPOs through Designated Intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants). All Other Category of Investors shall mandatorily use only ASBA facility for making payments.
SUBSCRIPTION DETAILS
As per the Final certificates issued by the SCSB's, Syndicate ASBA & UP110251 applications for 25310000 Equity Shares have been received and the amount collected/ blocked is Rs. 1290810000.00 resulting in 5.89 times subscription (including reserved portion of market maker and underwriters portions).The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection)
| Category | Number of Application(s) | % to Total | Number of Equity Shares | % to Total | Subscription (Times) | Shares as per Prospectus |
| Market Makers | 1 | 0.01 | 216,000 | 0.85 | 1.00 | 216,000 |
| Other than Retail Individual Investors | 401 | 3.91 | 5,396,000 | 21.32 | 2.64 | 2,042,000 |
| Retail Individual Investors | 9,849 | 96.08 | 19,698,000 | 77.83 | 9.65 | 2,042,000 |
| Total | 10,251 | 100.00 | 25,310,000 | 100.00 | 5.89 | 4,300,000 |
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
| Category | No. of Applications | No. ot Equity Shares |
| Market Makers | 0 | 0 |
| Other than Retail Individual Investors | 8 | 50,000 |
| Retail Individual Investors | 192 | 384,000 |
| Total | 200 | 434,000 |
After eliminating technically rejected applications, the following tables mentions the summary of Valid Applications received and Allotted:
| Category | Number of Applications | % to Total | No. of Valid Equity Shares | % of Total Applied | Subscription (Times) | Proportionate No. of Equity Shares (Allocated) after Rounding Off* |
| Market Maker | 1 | 0.01 | 216,000 | 0.87 | 1.00 | 216,000 |
| Other than Retail Individual Investor's | 393 | 3.91 | 5,346,000 | 21.49 | 6.047 | 884,000 |
| Retail Individual Investor's | 9,657 | 96.08 | 19,314,000 | 77.64 | 6.035 | 3,200,000 |
| Total | 10,051 | 100.00 | 24,876,000 | 100.00 | 5.785 | 4,300,000 |
*In view of the explanation provided under regulations 253 (2) of the SEBI (ICDR) Regulation, 2018, the Retail Category has applied for 78.32% and 21.68% by Non -Retail Investor; accordingly, we have derived the issue size for different categories. Further, owing to rounding off, an additional share has been proportioned to be allotted in retail investors.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on Tuesday; February 01, 2022.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,16,000 Equity shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 51 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 6.035 times i.e. for 32,00,000 Equity Shares. Total number of shares allotted in this category is 32,00,000 Equity Shares to 1600 successful applicants.
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 this Category | % to Total | Proportionate Shares Available | Allocation per Applicant (before rounding off) | Allocation per Applicant (after rounding off) | Ratio of Allottees to the Applicant: Ratio 1 | Ratio of Allottees to the Applicant: Ratio 2 | Number of Successful applicants (after rounding off) | Total No. of Equity Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 2,000 | 9657 | 100.00 | 1,93,14,000 | 100.00 | 32,00,000 | 331.37 | 2,000 | 16 | 97 | 1600 | 32,00,000 | - |
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. 51 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 6.047 times i.e. for 8,84,000 shares. The total number of shares allotted in this category is 8,84,000 Equity Shares to 221 successful applicants.
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 this Category | % to Total | Proportionate Shares Available | Allocation per Applicant (before rounding off) | Allocation per Applicant (after rounding off) | Ratio of Allottees to the Applicant: Ratio 1 | Ratio of Allottees to the Applicant: Ratio 2 | Number of Successful applicants (after rounding off) | Total No. of Equity Shares allocated/ allotted | No. of Shares Surplus/ Deficit |
| 4000 | 199 | 50.63 | 796000 | 14.88 | 131624 | 661.43 | 2000 | 1 | 3 | 66 | 132000 | 376 |
| 6000 | 51 | 12.97 | 306000 | 5.72 | 50599 | 992.14 | 2000 | 25 | 51 | 25 | 50000 | -599 |
| 8000 | 17 | 4.32 | 136000 | 2.54 | 22489 | 1322.88 | 2000 | 11 | 17 | 11 | 22000 | -489 |
| 10000 | 39 | 9.92 | 390000 | 7.29 | 64489 | 1653.56 | 2000 | 32 | 39 | 32 | 64000 | -489 |
| 12000 | 14 | 3.56 | 168000 | 3.14 | 27780 | 1984.29 | 2000 | 1 | 1 | 14 | 28000 | 220 |
| 14000 | 6 | 1.52 | 84000 | 1.57 | 13890 | 2315 | 2000 | 1 | 1 | 6 | 12000 | -1890 |
| 2000 | 1 | 6 | 2000 | 2000 | ||||||||
| 16000 | 5 | 1.27 | 80000 | 1.49 | 13229 | 2645.8 | 2000 | 1 | 1 | 6 | 10000 | -3229 |
| 2000 | 2 | 5 | 4000 | 4000 | ||||||||
| 18000 | 4 | 1.01 | 72000 | 1.34 | 11906 | 2976.5 | 2000 | 1 | 1 | 4 | 8000 | -3906 |
| 2000 | 1 | 2 | 4000 | 4000 | ||||||||
| 20000 | 13 | 3.3 | 260000 | 4.86 | 42993 | 3307.15 | 2000 | 1 | 1 | 13 | 26000 | -16993 |
| 2000 | 8 | 13 | 16000 | 16000 | ||||||||
| 22000 | 2 | 0.5 | 44000 | 0.82 | 7276 | 3638 | 4000 | 1 | 1 | 2 | 8000 | 724 |
| 24000 | 7 | 1.78 | 168000 | 3.14 | 27780 | 3968.57 | 4000 | 1 | 1 | 7 | 28000 | 220 |
| 26000 | 2 | 0.5 | 52000 | 0.97 | 8599 | 4299.5 | 4000 | 1 | 1 | 2 | 8000 | -599 |
| 28000 | 1 | 0.25 | 28000 | 0.52 | 4630 | 4630 | 4000 | 1 | 1 | 1 | 4000 | -630 |
| 30000 | 6 | 1.52 | 180000 | 3.36 | 29764 | 4960.67 | 4000 | 1 | 1 | 6 | 24000 | -5764 |
| 2000 | 1 | 2 | 6000 | 6000 | ||||||||
| 32000 | 1 | 0.25 | 32000 | 0.59 | 5291 | 5291 | 6000 | 1 | 1 | 1 | 6000 | 709 |
| 34000 | 1 | 0.25 | 34000 | 0.63 | 5622 | 5622 | 6000 | 1 | 1 | 1 | 6000 | 378 |
| 40000 | 5 | 1.27 | 200000 | 3.74 | 33071 | 6614.2 | 6000 | 1 | 1 | 5 | 30000 | -3071 |
| 2000 | 2 | 5 | 4000 | 4000 | ||||||||
| 42000 | 1 | 0.25 | 42000 | 0.78 | 6945 | 6945 | 6000 | 1 | 1 | 1 | 6000 | -945 |
| 44000 | 1 | 0.25 | 44000 | 0.82 | 7276 | 7276 | 8000 | 1 | 1 | 1 | 8000 | 724 |
| 50000 | 2 | 0.5 | 100000 | 1.87 | 16536 | 8268 | 8000 | 1 | 1 | 2 | 16000 | -536 |
| 60000 | 2 | 0.5 | 120000 | 2.24 | 19843 | 9921.5 | 10000 | 1 | 1 | 2 | 20000 | 157 |
| 68000 | 1 | 0.25 | 68000 | 1.27 | 11244 | 11244 | 12000 | 1 | 1 | 1 | 12000 | 756 |
| 72000 | 1 | 0.25 | 72000 | 1.34 | 11906 | 11906 | 12000 | 1 | 1 | 1 | 12000 | 94 |
| 74000 | 2 | 0.5 | 148000 | 2.76 | 24473 | 12236.5 | 12000 | 1 | 1 | 2 | 24000 | -473 |
| 80000 | 1 | 0.25 | 80000 | 1.49 | 13229 | 13229 | 14000 | 1 | 1 | 1 | 14000 | 771 |
| 86000 | 1 | 0.25 | 86000 | 1.6 | 14221 | 14221 | 14000 | 1 | 1 | 1 | 14000 | -221 |
| 98000 | 3 | 0.76 | 294000 | 5.49 | 48615 | 16205 | 16000 | 1 | 1 | 3 | 48000 | -615 |
| 118000 | 1 | 0.25 | 118000 | 2.2 | 19512 | 19512 | 20000 | 1 | 1 | 1 | 20000 | 488 |
| 120000 | 1 | 0.25 | 120000 | 2.24 | 19843 | 19843 | 20000 | 1 | 1 | 1 | 20000 | 157 |
| 196000 | 1 | 0.25 | 196000 | 3.66 | 32410 | 32410 | 32000 | 1 | 1 | 1 | 32000 | -410 |
| 208000 | 1 | 0.25 | 208000 | 3.89 | 34394 | 34394 | 34000 | 1 | 1 | 1 | 34000 | -394 |
| 620000 | 1 | 0.25 | 620000 | 11.59 | 102521 | 102522 | 102000 | 1 | 1 | 1 | 102000 | -521 |
| TOTAL | 393 | 100.00 | 53,46,000 | 100.00 | 8,84,000 | 221 | 8,84,000 |
The Board of Directors of the Company at its meeting held on January 27, 2022 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The Refund/allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or before January 31, 2022. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before January 31, 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 line, investors may contact at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of NSE Limited 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 meaning assigned to them in the Prospectus dated December 31, 2021 ("Prospectus").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the 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 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:
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BIGSHARE SERVICES PRIVATE LIMITED |
| 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400 059, Maharashtra, India Tel. No.: +91 22 6263 8200 | |
| Fax. No.: +91 22 6263 8299 | |
| Email: ipo@bigshareonline.com | |
| Investor Grievance Email: investor@bigshareonline.com | |
| Website: www.bigshareonline.com | |
| SEBI Registration No.: INR000001385 | |
| Contact Person: Babu Raphel |
| FOR PRECISION METALIKS LIMITED | |
| On behalf of the Board of Directors | |
| Sd/- | |
| Place: Mumbai | Jayanthi Roja Ramani |
| Date: January 28, 2022 | Chairman |
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 PRECISION METALIKS LIMITED.
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 in 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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