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| ADVANCE SYNTEX LIMITED CIN: U17119GJ1990PLG014406 Our Company was incorporated as Advance Syntex Private Limited
on September 21,1990 under the provisions of Companies Act, 1956 with Registrar of
Companies, Dadra & Nagar Haveli, Gujarat, vide registration no. 014406 (CIN:
U17119GJ1990PTC014406). Pursuant to Shareholders Resolution passed at the Extra Ordinary
General Meeting held on October 24, 2015. our Company was converted into a Public Limited
Company and the name was changed to "Advance Syntex Limited" and a fresh
Certificate of Incorporation dated November 23,2015 was issued by the Registrar of
Companies, Ahrnedabad. For details of the changes in our Name and Registered office,
please see section titled ''History and Certain Corporate Matters" on
page 125 of the prospectus. PROMOTER OF OUR COMPANY: MR. BHAVAN DHIRENDRA VORA BASIS OF ALLOTMENT PUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF ADVANCE SYNTEX LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 12.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 2.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 252 00 LAKHS ("THE ISSUE"), OF WHICH 120,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 12.00 PER EQUITY SHARE, AGGREGATING TO RS 14.40 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 19, 80,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH AT AN ISSUE PRICE OF RS 12.00 PER EQUITY SHARE AGGREGATING TO RS 237.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"}- THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.53% and 25.02%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 234 OF THE PROSPECTUS. THIS ESSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PACE 242 OF THE PROSPECTUS. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS
RS 12.00 EACH. The Equity Shares offered through Prospectus are proposed to be listed on the SME
Platform of BSE Limited ("BSE"). In terms of the Chapter xb of the SEBI (ICDR)
Regulations, 2009. as amended, we are not required to obtain an in-principle listing
approval for the Shares being offered in this issue. However, our Company has received an
In-principle approval letter dated May 03,2016 from BSE for using its name in the offer
document for listing of our shares on the SME Platform of BSE. 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 Tuesday. July 12, 2016*. All Applicants were allowed to participate in the Issue through Application Supported By Blocked Amount ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Sell Certified Syndicate Banks (the "SCSBs"). SUBSCRIPTION DETAILS The Issue has received 595 applications for 70,00,000 Equity Shares resulting m 3.33 Times subsaipiion (including reserved portion of market maker). The details of the applications received in the issue (Below Technical Rejection) are as follows: Detail of the Application Received (Before Technical Rejection:)
The details of applications rejected by the Registrar on tecnnical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
ALLOCATION: The Basis of allotment was finalized with the Designated stock exchange - BSE Limited on july 07,2016. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Martat Maker, at the issue price of Rs.12 per Equity Share was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,20,000 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.12 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 5.54 times i.e. for 54,80,000 Equity Shares the total number of shares allotted in this category is 16,10,000 Equity Shares to 161 successful applicants. The Category wise details of the basis of Allotment are as under:
C. Allocation lo 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.12 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.27 times i e. for 12,60,000 shares the total number of shares allotted in this category is 3,70,000 Equity Shares to 26 successful applicants. The category wise details of the Basis of Allotment are as under;
The Board or Directors of the Company at its meeting held on July 08, 2016 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transter of the Equity Shares to various successful applicants. The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 11 July, 2016. Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount have been processed on or prior to 08 July, 2016. 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 their 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 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 June 22,2016 ("Prospectus") INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.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: SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
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 THE ADVANCE SYNTEX LIMITED |
The Advance Syntex IPO basis of allotment (published above) tells you how shares are allocated to you in Advance Syntex IPO and category wise demand of IPO share.
Visit the Advance Syntex IPO allotment status page to check the number of shares allocated to your application.
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