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LANCER CONTAINER LINES LIMITED
Our Company was originally incorporated as 'Lancer Container Lines Private Limited' at
Navi Mumbai, Maharashtra as a private limited Company under the provisions of the
Companies Act, 1956 vide Certificate of Incorporation dated March 7,2011 bearing Corporate
Identification Number 'U74990MH2011PTC214448' issued by Registrar of Companies,
Maharashtra at Mumbai. Subsequently, our Company was converted into public limited Company
vide Fresh Certificate of Incorporation dated July 16,2015 and the name of our Company was
changed to lancer Container Lines Limited'. The Corporate Identification Number (CIN) of
our Company is 'U74990MH2011PLC214448'. For 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 page 60 and 149
respectively of this Prospectus.
Registered Office: 26/27, Arenja Tower CHS Ltd, Plot
No: 49/50/51, Sector -11, CBD Belapur, Navi Mumbai - 400614, Maharashtra, India Tel.
No.: +91 22 27566940/41/42; Fax No.: +91 22 27566939; E-mail:
secretarial@lancermarine.in; Website:
www.lancermarine.in; Corporate Identity
Number: U74990MH2011PLC214448; Contact Person: Ms. Nirall Mehta,
Company Secretary and Compliance Officer
PROMOTER OF OUR COMPANY - ABDUL KHALIK CHATAIWALA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 15,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
('EQUITY SHARES') OF LANCER CONTAINER LINES LIMITED (THE 'COMPANY' OR
THE 'ISSUER') FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS.2 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS.184.80.00
LAKHS ('THE ISSUE'), OF WHICH 80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, AGGREGATING RS. 9.60 LAKHS WILL BE
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
14,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 12 PER
EQUITY SHARE, AGGREGATING RS. 175.20 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET
ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.97% AND 25.57% RESPECTIVELY
OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated March 23,2016 and as per Regulation 43(4) of SEBI (ICDR)
Regulations, 2009 wherein
a) A minimum of 50% of the Net Offerto Public shall initially be made available to Retail
Individual Investors.
b) The balance net offer of shares to the public shall be made available for allotment to
i) individual applicants other than retail investors and ii) other investors including
corporate bodies/ institutions irrespective of no. of shares applied for.
c) 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. All investors
have participated in this offer through ASBA process. For details In this regard, specific
attention of the investors is invited to chaptertitled 'Issue Procedure' on page 248 of
the Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE
IS RS. 12.00. THE ISSUE PRICE IS 1.2 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH
31,2016 AND CLOSED ON APRIL 5,2016.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited ('BSE') ('BSE SME') in terms of the chapter XB of
the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not
required to obtain an in-principle approval for the shares being offered in this Issue.
However, the Company has received an approval letter dated March 23,2016 from BSE for
using its name in the Prospectus for listing of our Shares on SME platform of BSE. The
designated stock exchange is SME platform of BSE.
SUBSCRIPTION DETAILS
The Issue has received 409 applications for 55,50,000 Equity shares (including Market
Maker Application of 80,000 Equity Shares) resulting 3.60 times subscription. After
considering, Technical/ Multiple Rejection cases, the issue was subscribed 3.58 times
(including the Market Maker Portion).
The details of application received (Before Technical Rejection)
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Maker |
1 |
80,000 |
1.00 |
| Other than Retail Individual Investor's |
29 |
16,80,000 |
2.30 |
| Retail Individual Investor's |
379 |
37,90,000 |
5.19 |
| TOTAL |
409 |
55,50,000 |
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The details of applications rejected by the Registrar on technical
grounds are detailed below:
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
| Market Maker |
0 |
0 |
| Other than Retail Individual Investor's |
0 |
0 |
| Retail Individual Investor's |
3 |
30,000 |
| TOTAL |
3 |
30,000 |
Detail of the Applications Received (After Technical Rejection):
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
REVISED SUBSCRIPTION |
| Market Maker |
1 |
80,000 |
1.00 |
1.00 |
| Other than Retail Individual Investor's |
29 |
16,80,000 |
2.30 |
3.73 |
| Retail Individual Investor's |
376 |
37,60,000 |
5.15 |
3.72 |
| TOTAL |
406 |
55,20,000 |
|
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ALLOCATION: The Basis of Allotment was finalized in
consultation with the Designated Stock Exchange - BSE on April 8,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs. 12/- per Equity Share, was
finalized in consultation with BSE. The category was subscribed by 1.00 times. The total
number of shares allotted in this category is 80,000 Equity shares in full out of reserved
portion of 80,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections):
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 3.72 times. Total number of shares allotted in this category is 10,10,000 Equity
Shares. The cateaorv wise detail of basis of allotment is as under:
| No. of Shares Applied for (Category wise) |
No. of Applications received |
% to
total |
Total No.
of Equity Shares applied |
% to
total |
Proportionate Shares Available |
Allocation per Applicant
(Before Rounding Off) |
Allocation per Applicant
(After Rounding Off) |
Ratio of Allottees to the Applicants |
Total No.
of Equity Shares allotted |
Surplus / (Deficit) |
| 10,000 |
376 |
100 |
37,60,000 |
100 |
10,10,000 |
2686.17 |
10,000 |
18:67 |
10,10,000 |
0 |
| TOTAL |
376 |
100 |
37,60,000 |
100 |
10,10,000 |
|
|
|
10,10,000 |
0 |
C. Allocation to Other than Retail Individual Investor (After
Technical Rejection): 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 3.73 times. Total number of shares allotted in
this category is 4.50,000 Equity Shares. The category wise basis of allotment is as under:
| No. of Shares Applied for (Category wise) |
No. of Applications received |
%
to
total |
Total No.
of Equity Shares applied |
%
to
total |
Proportionate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to the Applicants |
Total No. of Equity Shares allotted |
Surplus / (Deficit) |
| 20,000 |
11 |
37.93 |
2,20,000 |
13.10 |
58,950 |
5,357.14 |
10,000 |
6:11 |
60,000 |
1,071 |
| 30,000 |
2 |
6.90 |
60,000 |
3.57 |
16,071 |
8,035.71 |
10,000 |
1:1 |
20,000 |
3,929 |
| 40,000 |
4 |
13.79 |
1,60,000 |
9.52 |
42,857 |
10,714.29 |
10,000 |
1:1 |
40,000 |
-2,857 |
| 50,000 |
2 |
6.90 |
1,00,000 |
5.95 |
26,786 |
13,392.86 |
10,000 |
1:1 |
20,000 |
-6,786 |
| 80,000 |
3 |
10.34 |
2,40,000 |
14.29 |
64,286 |
21,428.57 |
20,000 |
1:1 |
60,000 |
-42,86 |
| 90,000 |
2 |
6.90 |
1,80,000 |
10.71 |
48,214 |
24,107.14 |
20,000 |
1:1 |
40,000 |
-8,214 |
| 90,000 |
|
|
|
|
|
|
10,000 |
1:2 |
10,000 |
10,000 |
| 1,00,000 |
1 |
3.45 |
1,00,000 |
5.95 |
26,786 |
26,785.71 |
30,000 |
1:1 |
30,000 |
3,214 |
| 1,20,000 |
2 |
6.90 |
2,40,000 |
14.29 |
64,286 |
32,142.86 |
30,000 |
1:1 |
60,000 |
-4,286 |
| 1,70,000 |
1 |
3.45 |
1,70,000 |
10.12 |
45,536 |
45,535.71 |
50,000 |
1:1 |
50,000 |
4,464 |
| 2,10,000 |
1 |
3.45 |
2,10,000 |
12.50 |
56,249 |
56,250.00 |
60,000 |
1:1 |
60,000 |
3,751 |
| Grand Total |
29 |
100 |
16,80,000 |
100 |
4,50,021 |
|
|
|
4,50,000 |
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The Board of Directors of the Company at its meeting held on April
9,2016 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares
in dematerialized form 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 April 12,2016. Further, the instructions to SCSBs have been issued on April 9,2016
for unblocking of funds. 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,
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
within Six working days from the date of the closure of the Issue. The trading is proposed
to commence on or before April 13,2016 subject to receipt of listing and trading approvals
from BSE.
CORRIGENDUM
Under Chapter'Objects of the Issue' appearing of the page 90 of the Prospectus, para
with respect to 'Issue related Expenses' on page 91 following lines shall be added after
the end of the para.
The Application collecting Intermediary will be entitled to the commission as mentioned
herein:
• SCSBs will be entitled to a processing fee of Rs. 10/- per Application Form for
processing of the Application Forms procured by other Application Collecting Intermediary
and submitted to them.
• Selling Commission payable to registered broker, SCSBs, RTAs, CDPs on the portion
directly procured from Retail Individual Applicants and Non Institutional Applicants,
would be 0.01 % on the Allotment Amount* or Rs. 100/- whichever is less on the
Applications wherein shares are allotted.
• The Commissions and processing fees shall be payable within 30 working days post
the date of receipt of final invoices of the respective intermediaries
• * Amount Allotted is the product of the number of Equity Shares Allotted and the
Issue Price
The above is required to be read in conjunction with the Prospectus, the Advertisements,
Application Forms and the abridged prospectus, as amended to the extent stated hereinabove
The Company had mentioned on page 84 of the Prospectus that in terms of SEBI Listing
Regulations, Company shall ensure that the Equity Shares held by the Promoter/ members of
the Promoter Group shall be dematerialized prior to listing of equity shares. However
certain shareholders belonging to the promoter group are still in process of getting their
shares converted into dematerialized form and will complete the same at the earliest.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to
the Issue at www.bigshareonline.com. All
future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-40430200; Fax: +91-22-28475207; Email:
ipo@bigshareonline.com; Website:
www.bigshareonline.com Contact
Person: Mr. Babu Raphael; SEBI Registration No.: INR000001385
Date: April 9,2016
Place: Mumbai, Maharashtra |
For Lancer Container Lines Limited
On behalf of the Board of Directors
Sd/-
Abdul Khalik Chataiwala
Chairman & Managing Director |
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Zerodha (Trading & Demat Account)
RHP
