MAHESHWARI LOGISTICS LIMITED
Our Company was originally incorporated as "Maheshwari Logistics Private Limited" at Vapi, Gujarat as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated October 12,2006 bearing Corporate Identification Number U60232GJ2006PTC049224 and registration number 049224 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted into Public Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of our Company held on December 01,2016 and the name of our Company was changed to Maheshwari Logistics Limited and a fresh Certificate of Incorporation consequent upon Conversion from Private Company to Public Company dated December 05,2016 was issued by the Registrar of Companies, Gujarat. The Corporate Identification Number of our Company is U60232GJ2006PLC049224. 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 70 and 194 respectively of the Prospectus.
Registered Office: MLL House, Shed No.A2-3/2, Opp. UPL, 1st
Phase, GIDC, Vapi, Valsad-396195 Gujarat, India
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 39,96,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF MAHESHWARI LOGISTICS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 68/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 58/- PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 2717.28 LAKHS ("THE ISSUE"), OF WHICH 2,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 68/- PER EQUITY SHARE, AGGREGATING RS. 138.72 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 37,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 68/- PER EQUITY SHARE, AGGREGATING RS. 2,578.56 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.00% AND 25.62% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated December 23,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to 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 regards, specific attention is invited to chapter "Issue Procedure" on page 365 of the Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH & THE ISSUE
PRICE OF RS. 68 IS 6.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE EMERGE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, our Company has received an approval letter dated December 21,2016 from National Stock Exchange of India Limited for using its name in the offer Document for listing of our Shares on EMERGE Platform of National Stock Exchange of India Limited. The designated stock exchange is EMERGE Platform of the National Stock Exchange of India Limited ("NSE EMERGE")
The Issue has received 4,832 applications for 1,81,24,000 Equity
shares (Before Technical Rejections, Bids not Banked and Invalid Duplicate Bids)
(including Market Maker Application of 2,04,000 Equity Shares) resulting 4.53 times
subscription. After considering, Technical Rejection cases, Bids not Banked and invalid
Duplicate Bids) the issue was subscribed 4.37 times (including the Market Maker
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on January 11,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 68/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,04,000 Equity Shares in full out of reserved portion of 2,04,000 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. 68/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 4.55 times. Total number of shares allotted in this category is 19,10,000 Equity Shares. The category wise basis of allotment is as under:
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 68/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 4.55 times. Total number of shares allotted in this category is 18,82,000 Equity Shares. The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on January
12,2017 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized
corporate action for allotment of shares in dematerialized form to various successful
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrarto 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:
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