Continental Seeds and Chemicals Ltd IPO Basis of Allotment

CONTINENTAL
SEEDS AND CHEMICALS LIMITED

Corporate Identity Number: U01111DL1983PLC015969

Our Company was originally incorporated at New Delhi as 'Terai Beej Private Limited' on 22nd June, 1983 under the provisions of the Companies Act 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Delhi & Haryana. Consequent, upon the conversion of our Company into public limited company, the name of our Company was changed to 'Terai Beej Limited' and fresh certificate of incorporation dated 7th May, 1986 was issued by the Asstt. Registrar of Companies, Delhi & Haryana. Subsequently, the name of the Company was changed to 'Continental Seeds and Chemicals Limited' vide Fresh Certificate of Incorporation dated 6th May, 1936 issued by Addl. Registrar of Companies, Delhi & Haryana, For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters* beginning on pages 51 and page 129 respectively of the Prospectus.

Registered Office: Lower Ground Floor, Plot No. 38 Okhla Phase 3, South Delhi, New Delhi 110020. | Tel: 011 - 40523652
Works: Ram Raj Road, Bazpur. Distt. Udhamsingh Nagar, Uttrakhand - 262401. and
Village- Rahiya, Opp. Roadways work shop on Kanpur Orai Highway, Orai, Distt. Jallaun, Utter Pradesh
E-mail; info@continentalseeds.co.in | Website: www.continentalseeds.co.in | Company Secretary & Compliance Officer; Mr. Abhnav Mishra

PROMOTER OF OUR COMPANY: MR. PRAVEEN RASTOGI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 16,20,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF CONTINENTAL SEEDS AND CHEMICALS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 26 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 16 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 421.20 LAKHS ('THE ISSUE') OF WHICH 84.000 EQUITY SHARES OF FACE VALUE OF RS10 EACH FOR CASH AT A PRICE OF RS 25 PER EQUITY SHARE. AGGREGATING RS 21.84 LAKHS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE ( THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,36,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH CASH AT A PRICE OF RS 26 PER EQUITY SHARE, AGGREGATING RS 399.36 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% AND 25.69% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 1st March, 2018 and as per Regulation 43 (4) of SEBI (ICDR) Regulations. 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public Shall be made available for allotment to a) Individual applicants other than retail investors and b) other investors including corporate bodies / Institutions Irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations. 2009. If the retail Individual Investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

The Equity Shares offered through the Prospectus are Proposed to be listed on the EMERGE platform of National Stock Exchange of India Limited ('NSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company has received In-Priciple approval letter dated 2nd February 2018 from NSE for using its name in the offer document for listing of our Shares on the EMERGE platform of NSE. The designated stock exchange is National Stock Exchange of  India Limited ('NSE').
All Applicants are mandatorily 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 Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 463 applications for 22,48,000 Equity Shares (Including Market Maker Application of 84.000 Equity Shares) resulting 1.388 times subscription. Nine (9) applications of aggregating 2.96.000 Equity Shares were not banked hence 454 applications for 19,52,000 Equity Shares (Including Market Maker Application of 84.000 Equity Shares) resulting 1.205 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejections):

The details of applications rejected by the Registrar on technical grounds are detailed below:

Details of the Valid Applications Received (After Technical Rejections):

Allocation: The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ('NSE') on 28th March. 2018.
A) Allocation to Market Maker (After Technical Rejection): The Basis of Allotment to the Market Maker, at the Issue price of Rs 20 per Equity Share, was- finalised in consultation with NSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 84,000 Eguity shares in full out of reserved portion of 84,000 Equity Shares.
B) Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs 26 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.104 times. Total number of shares allotted in this category is 80,000 Equity Share against reserved 7,68,000 Equity Shares. Balance 6,88,000 Equity Shares has been spilled over to Retail Category. The category wise basis of allotment is as under:

C) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs 26 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.255 times. Total number of shares allotted in this category is 14,56,000 Equity Shares after taking spill over of 6,88,000 Equity Shares from Non Retail Category The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on 28th March, 2018 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 / dispatch of share certificates to various successful applicants.
The allotment advice cum refund Intimation will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks being processed on or before 2nd April, 2018. 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 EMERGE Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 4th April, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue. MAS Services Limited at 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 ASBA Bank details at the address of the Registrar given below:

MAS SERVICES LTD
T-34, 2nd Floor. Okhla Industrial Area. Phase - II. New Delhi -110020.
Tel: +91-11-26387281/82/83 | Fax : +91-11-26387384
Email: info@masserv.com | Website: www.masserv.com
Contact Person: Mr. Sharwan Mangla | SEBI Registration No: INR000000049