Basis of Allotment

(This is only an advertisement for information purposes and is not a prospectus announcement. Not for distribution Outside India.)

wpeE1.jpg (1417 bytes) CLARA INDUSTRIES LIMITED
Corporate Identification Number: U25209UP2021PLC151537

Our Company was originally incorporated as a public limited company on September 02, 2021 as "Clara Industries Limited" vide Registration No.151537 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, our Company acquired the entire running business on a going concern basis with the Assets and Liabilities of M/s Clara Petrochemicals, sole proprietorship concern of our Promoter, Ms. Parry Kukreja vide Business Transfer Agreement dated October 29, 2021. The Corporate Identification Number of our Company is U25209UP2021PLC151537.

Registered Office: 127/1 Gram Simbhalka, Junardar Paragna, Tehsil and District Saharanpur -247001, Uttar Pradesh, India
Contact Person: Mr. Anurag Saharawat, Company Secretary and Compliance Officer Tel: +91 81718 84399 E-mail: info@clara.co.in
Website: www.clara.co.in
PROMOTERS OF OUR COMPANY: MS. PARRY KUKREJA AND MR. NIKHIL KUKREJA
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 7,02,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH ("EQUITY SHARES'') OF CLARA INDUSTRIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS43.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 33.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING UPTO RS. 301.86 LAKH ("THE ISSUE") OF WHICH 36,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR CASH AT A PRICE OF RS. 43.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 33.00 PER EQUITY SHARE AGGREGATING TO RS. 15.48 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 6,66,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT A PRICE OF RS. 43.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 33.00 PER EQUITY SHARE AGGREGATING TO RS. 286.38 LAKH (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.30% AND 26.84% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS 10.00 AND
THE ISSUE PRICE IS 4.3 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON: THURSDAY, DECEMBER 16, 2021
ISSUE CLOSED ON: TUESDAY, DECEMBER 21, 2021

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In principle Approval dated December 10, 2021 from BSE Limited. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before December 29, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price Process, the allocation in the Net Issue to the Public Category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of Number of Shares applied for. If the Retail Individual Investor Category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the Self-Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 156 applications for 9,57,000 Equity Shares (before technical rejections, Invalid Bids Multiple/ Duplicate and after Bids not banked) including Market Making application of 36,000 Equity Shares. The Issue was subscribed to the extent of 1.45 times as per the bid book received from BSE Limited. After considering invalid bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 1.35 times including Market Making Reservation Portion. The details of the applications received in the Issue (before technical rejections but after Invalid Bids Multiple/ Duplicate and Bids not banked) are as follows:

Detail of the Applications Received:

Category Gross Less: Rejections Valid
No. of Applications Equity Shares No. of Applications Equity Shares No. of Applications Equity Shares
Market Maker 1 36000 - - 1 36000
Retail Individual Applicant 151 453000 4 12000 147 441000
Other than Retail Individual Applicant 4 468000 - - 4 468000
Total 156 957000 4 12000 152 945000

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on December 24, 2021.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 43.00 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 36,000 Equity Shares. 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 (Before rounding off) Allocation per Applicant (After rounding off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
36000 1 100.00 36,000 100.00 36,000 36,000 1 1 36,000
Total 1 100.00 36,000 100.00 36,000

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 43.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 3,33,000 Equity Shares. The category was subscribed by 1.32 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 (Before rounding off) Allocation per Applicant (After rounding off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
3,000 147 100.00 4,41,000 100.00 2,265.31 3,000 37 49 3,33,000
Total 147 100.00 4,41,000 100.00 3,33,000

C) Allocation to Other than Retails Investors (Alter Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 43.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 3,33,000 Equity Shares. The category was subscribed by 1.41 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 (Before rounding off) Allocation per Applicant (After rounding off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
6,000 2 50.00 12,000 2.56 4,269 3,000 1 1 6,000
3,000 1 2 3,000
60,000 1 25.00 60,000 12.82 42,692 42,000 1 1 42,000
3,96,000 1 25.00 3,96,000 84.62 2,81,769 2,82,000 1 1 2,82,000
Total 4 100.00 4,68,000 100.00 3,33,000

The Board of Directors of the Company at its meeting held on December 24, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE 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 shall be dispatched to the address of the investors as registered with the depositories on or before Monday, December 27, 2021. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before Monday, December 27, 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 SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before Wednesday, December 29, 2021 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 11, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com

LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE COMPANY SECRETARY AND COMPLIANCE OFFICER
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GREEK GRETEX CORPORATE SERVICES LIMITED SEBI BIGSHARE SERVICES PRIVATE LIMITED CLARA INDUSTRIES LIMITED
Office No. 13,1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai - 400 001 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400 059 Mr. Anurag Saharawat Company Secretary & Compliance Officer, 127/1 Gram Simbhalka, Junardar Paragna, Tehsil and District Saharanpur -247001, Uttar Pradesh. India
Tel No.: +91 -22-4002 5273/98368 22199/ 98368 21999 Tel. No.: +91 -22-6263 8200; Fax No.: +91 -22-6263 8299 Tel. No.: +91 81718 84399
Email: info@gretexgroup.com/ mbk@gretexgroup.com Email: ipo@bigshareonline.com; Website: www.bigshareonline.com E-mail: info@clara.co.in
Website: www.gretexcorporate.com Investor Grievance Email: investor@bigshareonline.com Website: www.clara.co.in
Contact Person: Ms. Dimple Magharam Slun Contact Person: Mr. Swapnil Kate 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 Branch where the Application had been lodged and payment details at the address given.
Registration No: INM000012177 CIN: U74999MH2008PLC288128 SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534
For CLARA INDUSTRIES LIMITED
Sd/-
Place: Saharanpur Ms. Parry Kukreja Managing Director
Date: December 27, 2021 DIN: 06649401

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 CLARA INDUSTRIES LIMITED.

CLARA INDUSTRIES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Kanpur. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.gretexcorporate.com, the website of the BSE Limited i.e. www.bseindia.com, and website of the Issuer Company at www.clara.co.in. Investors should note that investment in Equity Shares involves a high degree of risk. For details investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 20 of the Prospectus.

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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