|Basis of Allotment|
(This is only an advertisement for Information purposes 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 Not for publication or distribution, directly or Indirectly outside India)
|QUALITY RO INDUSTRIES LIMITED|
|CIN - U29308GJ2021PLC126004|
Our Company was originally incorporated on September 30, 2021 as "Quality RO industries Private Limited" vide Registration No 126004/2021-22 under the provisions of The Companies Act, 2013 with the Registrar of Companies, Central Registration Centre. Subsequently, our Company has acquired the entire running business with the assets and liabilities of M/s Quality RO Products, sole proprietorship concern of our Promoter Mr. Vivek Dholiya vide Business Transfer Agreement dated November 02, 2021. Further our Company was converted into Public Limited Company and consequently name of company was changed from "Quality RO Industries Private Limited" to "Quality RO Industries Limited" vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting held on November 29, 2021 and a fresh certificate of Incorporation dated December 13, 2021 issued by the Registrar of Companies, Ahmedabad. The Corporate Identity Number of our Company is U293G8GJ2021PLC126004. For further details, please refer to chapter titled "History and Corporate Structure'' beginning on page % of the Prospectus.
|Registered Office: Plot No. 09 POR Industrial Park, NH 08 Behind Sahayog Hotel, Village POR, Vadodara-391243, Gujarat, India.|
|Tel. No.: +91- 6358839303; E-mail: email@example.com, Website: www.qualityro.in|
|Contact Person: Mr Narendra Gupta, Company Secretary and Compliance Officer.|
|OUR PROMOTER: MR. VIVEK DHOLIYA|
|BASIS OF ALLOTMENT|
INITIAL PUBLIC ISSUE OF 5,30,000 EQUITY SHARES OF RS 10/- EACH ( "EQUITY SHARES") OF QUALITY RO INDUSTRIES LIMITED ("QRIL" OR THE "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 (THE "ISSUE PRICE"), AGGREGATING TO RS. 270 30 LAKHS ("THE ISSUE"), OF WHICH 30,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT A PRICE OF RS. 51/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 41/- PER EQUITY SHARE AGGREGATING TO RS. 15.30 LAKH WILL BE 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 5,00,000 EQUITY SHARES OF RS. 10,00 EACH FOR CASH AT A PRICE OF RS. 51.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 41.00 PER EQUITY SHARE AGGREGATING TO RS. 255.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.45% AND 25.91 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING 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"). THIS ISSUE IS BEING 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 WILL BE MADE IN TERMS OF REGULATION 253 OF THE SEBI (ICDR) REGULATIONS, 2018, AS AMENDED.
|THE FACE VALUE OF THE EQUITY SHARES IS RS10.00 EACH AND|
|THE ISSUE PRICE IS RS 51.00 THE ISSUE PRICE IS 5.10 TIMES OF THE FACE VALUE.|
|ISSUE OPENED ON: THURSDAY, JANUARY 27, 2022 AND|
|ISSUE CLOSED ON: TUESDAY, FEBRUARY 01, 2022|
|PROPOSED LISTING: FEBRUARY 09, 2022|
The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE" i.e. "BSE SME") in terms of the Chapter IX of the SEBIICDR Regulation, 2018 as amended from time to lime. Our Company has received an in-principle approval letter dated January 19, 2022 from BSE for using its name in this offer document for sting of our shares on the SME Platform of BSE ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about February 09, 2022*
*Subject to receipt of listing and trading approvals from the BSE Limited.
All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKEO AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The issue has receded 837 applications for 26,02,000 Equity Shares resulting in 4.91 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows;
Detail of the Applications Received (Before Technical Rejection but after application not banked);
|Category||Number of Applications||%||No. of Equity shares||%||Subscription (times}|
|Retail Individual Investors||765||91.40||15,30,000||58.60||6.12|
|Other than Retail Individual Investors||71||8.48||10,42,000||40.05||4.17|
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
|Category||Number of Applications||No. of Equity share|
|Retail Individual Investors||17||34,000|
|Other than Retail Individual Investors||1||6,000|
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
|Category||No.of Applications||%||Reserved Portion (as per Prospectus)||No of Valid Shares applied||% of Total Applied||Subscription (times)|
|Category||No of Applications||%||Reserved Portion (as per Prospectus)||Proportionate Issue Size (After rounding off)||No of Valid Shares applied||% of Total Applied||Subscription (times)|
|Retail Individual Investors||748||91.44||2,50,000||2,90,000||14,96,000||59.08||5.05|
|Other than Retail Individual Investors||70||8.56||2,50,000||2,04,000||10,36,000||40.92||5.08|
ALLOCATION: The Basis of Allotment was finalized m consultation with the Designated Stock Exchange - BSE United on February 04, 2022
A. Allocation to Market Maker (Alter Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51 per Equity Share, was finalised it consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 30,000 Equity shares.
The category wise details of the Basis of Allotment are as under:
|No. of shares applied for I Category wise)||NO of applications received||% To Total||Total No. of Equity Shares applied in this Category||%Of Total||Proportionate shares available||Allocation per Applicant (before rounding off)||Allocation per Applicant (after rounding oil)||Ratio of allottees to applicants: RATIO 1||Ratio of allottees to applicants: RATIO 2||Number ol successful applicant latter rounding off)||Total No. of Equity Shares allocated/ allotted||No. of Shares Surplus/ Deficit|
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 BSE. The category was subscribed by 5.05 times i.e. for 14,96,000 Equity Shares. Total number of shares allotted m this category is 2,96,000 Equity Shares to 148 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 Equity Shares applied in this Category||% of Total||Proportionate shares available||Allocation per Applicant (before rounding off)||Allocation per Applicant (after rounding off)||Ratio of allottees to applicants: RATIO 1||Ratio of allottees to applicants: RATIO 2||Number of successful applicant latter rounding off)||Total No of Equity Shares allocated/ allotted||No of Shares Surplus Deficit|
C. Allocation to Other than Retail Individual Investors (Alter Technical Rejections) A 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 BSE. The category was subscribed by 5.08 times i.e. for 10,36,000 shares the total number of shares allotted in this category is 2,04,000 Equity Shares to 50 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 Equity Shares applied in this Category||%0f Total||Proportionate shares available||Allocation per Applicant (before rounding off)||Allocation per Applicant (alter rounding off)||Ratio of allottees to applicants; RATIO 1||Ratio of allottees to applicants: RATIO 2||Number of successful applicant (after rounding off)||Total No. of Equity Shares allocated/ allotted||No, of Shares Surplus/ Deficit|
The Board of Directors of the Company at its meeting held on February 04, 2022 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE and in meeting held on February 04, 2022 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAN-cum-allotment advices and/or notices will forwarded to the email id 's and address of the Applicants as registered with the depositories / as filled m the application form on or before February 07, 2022. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to February 07, 2022 In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to then beneficiary accounts subject to validation of the account details with the depositories concerned The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited (BSE SME) 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 meanings assigned to them in the Prospectus dated January 20, 2022 ("Prospectus")
|INVESTORS PLEASE NOTE|
The details of the allotment made would also be hosted on the website of the Registrar to the issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting lull 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:
|SKYLINE FINANCIAL SERVICES PRIVATE LIMITED|
|SEBI Registration Number INE00003241D-153A, 1st Floor, Okhla Industrial Area Phase-1, New Delhi-110020, India|
|Telephone: +91-11-40450193-197 Fax No: -+91-11-26812683 Email firstname.lastname@example.org|
|Investor grievance email: email@example.com Website: www.skylinerta.com \ Contact Person: Mr. Alok Gautam|
|For QUALITY RO INDUSTRIES LIMITED|
|On behalf of Board of Directors|
|Mr. Vivek Dholiya|
|Place: Vadodara||Chairman & Managing Director|
|Date: February 07, 2022||DIN: 09340902|
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 QUALITY RO INDUSTRIES LIMITED.
Quality RO Industries Limited is proposing, subject to market conditions. public issue of its equity shares and has tiled (he Prospectus with the Registrar of Companies. Ahmedabad, The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.shreni.in. website of the BSE Limited at www.bseindia.com and website of issuer Company at www.qualityro.in investors should note that investment in Equity Shares involves a high degree of ask. For details, investors shall refer to and rely on the Prospectus including tie section tided 'Risk Factors' beginning on page 19 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 stale 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" has 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.