|
ACCORD SYNERGY LIMITED
Corporate Identity Number: U45200GJ2014PLC079847
Our Company was incorporated on June 19,2014 as Accord Synergy Private Limited under
the provisions of the Companies Act, 2013 with Certificate of Incorporation bearing
Registration Number 079847 dated June 19, 2014 issued by the Registrar of Companies
Ahmedabad. Subsequently our Company was converted into a public limited company pursuant
to special resolution passed at the Extra Ordinary General Meeting of our Company held on
February 8, 2017. A fresh certificate of incorporation consequent upon conversion to
Accord Synergy Limited was issued on February 23,2017 by the Registrar of Companies
Ahmedabad. The Corporate Identification Number is U45200GJ2014PLC079847.
Registered and Corporate Office: 302, Shine Plaza, Natubhi
Circle, Race Course, Vadodara -390007, Gujarat, India. | Tel No.: +91
265-2356800 | Fax No.: +91 265-2356800
E-mail: compliance@accordsynergy.com
| Website: www.accordsynergy.com
| Contact Person: Ms. Swati Thakrel, Company Secretary and Compliance Officer
PROMOTER OF OUR COMPANY: MR. BETULLA ASDULLA KHAN AND MRS. ROLI
BETULLA KHAN
BASIS OF ALLOTMENT
PUBLIC ISSUE UPTO 9,72,000 EQUITY SHARES OF A FACE VALUE OF RS 10.00 EACH (THE
'EQUITY SHARES') OF ACCORD SYNERGY LIMITED ('ASL' ACCORD' OR THE
'COMPANY') FOR CASH AT A PRICE OF RS 60.00 PER SHARE (THE 'ISSUE
PRICE'), AGGREGATING TO RS 583.20 LAKHS ('THE ISSUE'), OF WHICH, 96,000
EQUITY SHARES OF RS 10.00 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE
ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE
'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION
PORTION I.E. ISSUE OF 8,76,000 EQUITY SHARES OF RS 60.00 EACH (IS HEREINAFTER REFERRED TO
AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.99% AND
25.23%, RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF
INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM
TIME TO TIME (THE 'SEBIICDR REGULATIONS').
THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE
ISSUE PRICE IS 6 TIMES OF THE FACE VALUE.
ISSUE OPENED ON THURSDAY JUNE 22, 2017 AND CLOSED ON WEDNESDAY JUNE 28, 2017.
PROPOSED LISTING: JULY 06, 2017*
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
Platform of National Stock Exchange of India Ltd. ('NSE') i.e., 'NSE
EMERGE' and traded in the SME Continuous Normal Market. Our Company has received an
'in-principal' approval from NSE for the listing of the Equity Shares pursuant to the
letter dated March 17, 2017. For the purpose of this Issue, the designated Stock Exchange
will be the National Stock Exchange of India Limited ('NSE'). The trading is
proposed to be commenced on or about July 06,2017.*
*Subject to receipt of listing and trading approvals from the NSE.
In terms of the SEBI Circular No. CIR/CFD/POLICYCELL/11/2015, all potential investors
shall participate in the Issue only through an Application Supported by Blocked Amount
('ASBA') process providing details about the bank account which will be blocked
by the Self Certified Syndicate Banks ('SCSBs') for the same.
SUBSCRIPTION DETAILS
The issue has received 44,744 applications for 135,646,000 Equity Shares resulting in
139.55 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):
| Category |
No. of
Applications |
% |
No. of
Equity Shares |
% |
Subscription
(Times) |
| Market Maker |
1 |
0.00 |
96,000 |
0.07 |
1.00 |
| Retail Individual Investors |
44,363 |
99.15 |
88,726,000 |
65.41 |
155.66 |
| Other than Retail Individual Investors |
380 |
0.85 |
46,824,000 |
34.52 |
153.02 |
| TOTAL |
44,744 |
100.00 |
135,646,000 |
100.00 |
139.55 |
The details of applications reiected by the Registrar on technical Grounds are
detailed below:
| Category |
No. of
Applications |
No. of
Equity Shares |
| Market Maker |
Nil |
Nil |
| Retail Individual Investors |
627 |
1,254,000* |
| Other than Retail Individual Investors |
1 |
16,000 |
| Total |
628 |
1,270,000 |
*this includes 14 applications for 28,000 Equity shares from retail individual
investors which were not in book.
After eliminating technically rejected applications, the following tables give
us category wise net valid applications:
| Category |
Number of
Applications |
% |
Reserved Portion
(as per Prospectus) |
No. of Valid
Shares applied |
% of
Total Applied |
Subscription
(Times) |
| Market Maker |
1 |
100 |
96,000 |
96,000 |
100 |
1.00 |
| Total |
1 |
100 |
96,000 |
96,000 |
100 |
1.00 |
| Category |
Number of Applications |
% |
Reserved Portion
(as per Prospectus) |
Proportionate Offer
Size (After rounding off) |
No. of Valid
Shares applied |
% of
Total Applied |
Subscription (Times) |
| Retail Individual Investors |
43,736 |
99.14 |
438,000 |
570,000 |
87,472,000 |
65.14 |
153.46 |
| Other than Retail Individual Investors |
379 |
0.86 |
438,000 |
306,000 |
46,808,000 |
34.86 |
152.97 |
| Total |
44,115 |
100 |
876,000 |
876,000 |
136,110,000 |
100 |
|
Allocation: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange - National Stock Exchange Limited on July 03,2017
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The
Basis of Allotment to the Market Maker, at the issue price of Rs 60 per Equity Share, was
finalised in consultation with National Stock Exchange Limited. The category was
subscribed by 1.00 times. The total number of shares allotted in this category is 96,000
Equity shares.
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 |
Proporti
nate 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
applicants (after
rounding off) |
Total No. of Equity
Shares allocated/
allotted |
No. of Shares Surplus/ Deficit |
| 96,000 |
1 |
100.00 |
96,000 |
100.00 |
96,000 |
96,000 |
96,000 |
1 |
1 |
1 |
96,000 |
- |
| TOTAL |
1 |
100.00 |
96,000 |
100.00 |
96,000 |
96,000 |
96,000 |
1 |
1 |
1 |
96,000 |
- |
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 60 per Equity Share, was finalized in consultation with National Stock
Exchange Limited. The category was subscribed by 153.46 times i.e. for 87,472,000 Equity
Shares. Total number of shares allotted in this category is 570,000 Equity Shares to 285
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 |
Proporti
nate 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
applicants (after
rounding off) |
Total No. of Equity
Shares allocated/
allotted |
No. of Shares Surplus/ Deficit |
| 2,000 |
43,736 |
100.00 |
87,472,000 |
100.00 |
570,000 |
13.03 |
2,000 |
1 |
153 |
285 |
570,000 |
0 |
| TOTAL |
43,736 |
100.00 |
87,472,000 |
100.00 |
570,000 |
|
|
|
|
285 |
570,000 |
0 |
C. Allocation to 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 60 per Equity Share, was finalized in
consultation with National Stock Exchange Limited. The category was subscribed by 152.97
times i.e. for 46,808,000 Equity Shares the Total number of shares allotted in this
category is 306,000 Equity Shares to 112 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 |
Proporti
nate 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
applicants (after
rounding off) |
Total No. of Equity
Shares allocated/
allotted |
No. of Shares Surplus/ Deficit |
| 4000 |
118 |
31.13 |
472000 |
1.01 |
3088 |
26.17 |
2000.00 |
1 |
118 |
1 |
2000 |
-1088 |
| 6000 |
37 |
9.76 |
222000 |
0.47 |
1451 |
39.22 |
2000.00 |
1 |
37 |
1 |
2000 |
549 |
| 8000 |
27 |
7.12 |
216000 |
0.46 |
1412 |
52.30 |
2000.00 |
1 |
27 |
1 |
2000 |
588 |
| 10000 |
11 |
2.90 |
110000 |
0.24 |
719 |
65.36 |
2000.00 |
1 |
11 |
1 |
2000 |
1281 |
| 12000 |
20 |
5.28 |
240000 |
0.51 |
1569 |
78.45 |
2000.00 |
1 |
20 |
1 |
2000 |
431 |
| 14000 |
4 |
1.06 |
56000 |
0.12 |
366 |
91.50 |
2000.00 |
1 |
4 |
1 |
2000 |
1634 |
| 16000 |
19 |
5.01 |
304000 |
0.65 |
1987 |
104.58 |
2000.00 |
1 |
19 |
1 |
2000 |
13 |
| 18000 |
5 |
1.32 |
90000 |
0.19 |
588 |
117.60 |
2000.00 |
1 |
5 |
1 |
2000 |
1412 |
| 20000 |
7 |
1.85 |
140000 |
0.30 |
915 |
130.71 |
2000.00 |
1 |
7 |
1 |
2000 |
1085 |
| 22000 |
1 |
0.26 |
22000 |
0.05 |
144 |
144.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1856 |
| 24000 |
8 |
2.11 |
192000 |
0.41 |
1255 |
156.88 |
2000.00 |
1 |
8 |
1 |
2000 |
745 |
| 28000 |
1 |
0.26 |
28000 |
0.06 |
183 |
183.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1817 |
| 32000 |
2 |
0.53 |
64000 |
0.14 |
418 |
209.00 |
2000.00 |
1 |
2 |
1 |
2000 |
1582 |
| 36000 |
3 |
0.79 |
108000 |
0.23 |
706 |
235.33 |
2000.00 |
1 |
3 |
1 |
2000 |
1294 |
| 40000 |
5 |
1.32 |
200000 |
0.43 |
1307 |
261.40 |
2000.00 |
1 |
5 |
1 |
2000 |
693 |
| 46000 |
1 |
0.26 |
46000 |
0.10 |
301 |
301.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1699 |
| 48000 |
2 |
0.53 |
96000 |
0.21 |
628 |
314.00 |
2000.00 |
1 |
2 |
1 |
2000 |
1372 |
| 50000 |
1 |
0.26 |
50000 |
0.11 |
327 |
327.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1673 |
| 58000 |
1 |
0.26 |
58000 |
0.12 |
379 |
379.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1621 |
| 64000 |
2 |
0.53 |
128000 |
0.27 |
837 |
418.50 |
2000.00 |
1 |
2 |
1 |
2000 |
1163 |
| 68000 |
1 |
0.26 |
68000 |
0.15 |
445 |
445.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1555 |
| 70000 |
1 |
0.26 |
70000 |
0.15 |
458 |
458.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1542 |
| 80000 |
1 |
0.26 |
80000 |
0.17 |
523 |
523.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1477 |
| 82000 |
1 |
0.26 |
82000 |
0.18 |
536 |
536.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1464 |
| 84000 |
3 |
0.79 |
252000 |
0.54 |
1647 |
549.00 |
2000.00 |
1 |
3 |
1 |
2000 |
353 |
| 86000 |
1 |
0.26 |
86000 |
0.18 |
562 |
562.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1438 |
| 90000 |
1 |
0.26 |
90000 |
0.19 |
588 |
588.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1412 |
| 94000 |
1 |
0.26 |
94000 |
0.20 |
615 |
615.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1385 |
| 102000 |
2 |
0.53 |
204000 |
0.44 |
1334 |
667.00 |
2000.00 |
1 |
2 |
1 |
2000 |
666 |
| 108000 |
1 |
0.26 |
108000 |
0.23 |
706 |
706.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1294 |
| 116000 |
1 |
0.26 |
116000 |
0.25 |
758 |
758.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1242 |
| 120000 |
3 |
0.79 |
360000 |
0.77 |
2353 |
784.33 |
2000.00 |
1 |
3 |
1 |
2000 |
-353 |
| 126000 |
1 |
0.26 |
126000 |
0.27 |
824 |
824.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1176 |
| 132000 |
1 |
0.26 |
132000 |
0.28 |
863 |
863.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1137 |
| 134000 |
2 |
0.53 |
268000 |
0.57 |
1752 |
876.00 |
2000.00 |
1 |
2 |
1 |
2000 |
248 |
| 142000 |
1 |
0.26 |
142000 |
0.30 |
928 |
928.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1072 |
| 144000 |
1 |
0.26 |
144000 |
0.31 |
941 |
941.00 |
2000.00 |
1 |
1 |
1 |
2000 |
1059 |
| 160000 |
1 |
0.26 |
160000 |
0.34 |
1046 |
1046.00 |
2000.00 |
1 |
1 |
1 |
2000 |
954 |
| 162000 |
1 |
0.26 |
162000 |
0.35 |
1059 |
1059.00 |
2000.00 |
1 |
1 |
1 |
2000 |
941 |
| 166000 |
4 |
1.06 |
664000 |
1.42 |
4341 |
1085.25 |
2000.00 |
1 |
2 |
2 |
4000 |
-341 |
| 168000 |
1 |
0.26 |
168000 |
0.36 |
1098 |
1098.00 |
2000.00 |
1 |
1 |
1 |
2000 |
902 |
| 180000 |
1 |
0.26 |
180000 |
0.38 |
1177 |
1177.00 |
2000.00 |
1 |
1 |
1 |
2000 |
823 |
| 190000 |
1 |
0.26 |
190000 |
0.41 |
1242 |
1242.00 |
2000.00 |
1 |
1 |
1 |
2000 |
758 |
| 192000 |
1 |
0.26 |
192000 |
0.41 |
1255 |
1255.00 |
2000.00 |
1 |
1 |
1 |
2000 |
745 |
| 194000 |
1 |
0.26 |
194000 |
0.41 |
1268 |
1268.00 |
2000.00 |
1 |
1 |
1 |
2000 |
732 |
| 196000 |
1 |
0.26 |
196000 |
0.42 |
1281 |
1281.00 |
2000.00 |
1 |
1 |
1 |
2000 |
719 |
| 198000 |
1 |
0.26 |
198000 |
0.42 |
1294 |
1294.00 |
2000.00 |
1 |
1 |
1 |
2000 |
706 |
| 200000 |
7 |
1.85 |
1400000 |
2.99 |
9152 |
1307.43 |
2000.00 |
4 |
7 |
4 |
8000 |
-1152 |
| 202000 |
1 |
0.26 |
202000 |
0.43 |
1321 |
1321.00 |
2000.00 |
1 |
1 |
1 |
2000 |
679 |
| 206000 |
1 |
0.26 |
206000 |
0.44 |
1347 |
1347.00 |
2000.00 |
1 |
1 |
1 |
2000 |
653 |
| 216000 |
1 |
0.26 |
216000 |
0.46 |
1412 |
1412.00 |
2000.00 |
1 |
1 |
1 |
2000 |
588 |
| 250000 |
3 |
0.79 |
750000 |
1.60 |
4903 |
1634.33 |
2000.00 |
2 |
3 |
2 |
4000 |
-903 |
| 260000 |
1 |
0.26 |
260000 |
0.56 |
1700 |
1700.00 |
2000.00 |
1 |
1 |
1 |
2000 |
300 |
| 266000 |
1 |
0.26 |
266000 |
0.57 |
1739 |
1739.00 |
2000.00 |
1 |
1 |
1 |
2000 |
261 |
| 292000 |
1 |
0.26 |
292000 |
0.62 |
1909 |
1909.00 |
2000.00 |
1 |
1 |
1 |
2000 |
91 |
| 300000 |
1 |
0.26 |
300000 |
0.64 |
1961 |
1961.00 |
2000.00 |
1 |
1 |
1 |
2000 |
39 |
| 332000 |
3 |
0.79 |
996000 |
2.13 |
6511 |
2170.33 |
2000.00 |
1 |
1 |
3 |
6000 |
-511 |
| 400000 |
7 |
1.85 |
2800000 |
5.98 |
18305 |
2615.00 |
2000.00 |
1 |
1 |
7 |
14000 |
-4305 |
| 416000 |
4 |
1.06 |
1664000 |
3.55 |
10878 |
2719.50 |
2000.00 |
1 |
1 |
4 |
8000 |
-2878 |
| 460000 |
1 |
0.26 |
460000 |
0.98 |
3007 |
3007.00 |
2000.00 |
1 |
1 |
1 |
2000 |
-1007 |
| 500000 |
2 |
0.53 |
1000000 |
2.14 |
6537 |
3268.50 |
2000.00 |
1 |
1 |
2 |
4000 |
-2537 |
| 550000 |
1 |
0.26 |
550000 |
1.18 |
3596 |
3596.00 |
2000.00 |
1 |
1 |
1 |
2000 |
-1596 |
| 650000 |
1 |
0.26 |
650000 |
1.39 |
4249 |
4249.00 |
4000.00 |
1 |
1 |
1 |
4000 |
-249 |
| 826000 |
2 |
0.53 |
1652000 |
3.53 |
10800 |
5400.00 |
4000.00 |
1 |
1 |
2 |
8000 |
-2800 |
| 832000 |
16 |
4.22 |
13312000 |
28.44 |
87025 |
5439.06 |
4000.00 |
1 |
1 |
16 |
64000 |
-23025 |
| 832000 |
1 additional share is alloted in the ratio of 1:4 |
2000.00 |
1 |
4 |
|
8000 |
8000 |
| 876000 |
14 |
3.691 12264000 | 26.201 80174 |
5726.71 |
4000.00 |
1 |
1 |
14 |
56000 |
-24174 |
| 876000 |
2 additional share is alloted in the ratio of 2:7 |
2000.00 |
2 |
7 |
|
8000 |
8000 |
| TOTAL |
379 |
100.001 46808000 100.00 306000 |
|
|
|
|
112 |
306000 |
0 |
The Board of Directors of the Company at its meeting held on July 04,2017 has approved
the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz.
NSE and at a meeting held on July 04, 2017 and has authorized the corporate action for the
transfer and allotment of the Equity Shares to various successful applicants.
The Allotment-cum-Refund advices and / or notices will be dispatched to the address of
the Applicants as registered with the depositories. Further, the instructions to Self
Certified Syndicate Banks for unblocking the amount have been issued on July 04, 2017. 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 National Stock Exchange of India 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 12, 2017
('Prospectus')
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the Issuer, Link Intime India Private Limited at www.linkintime.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:
LINKINTIME INDIA PRIVATE LIMITED
C-101,1 st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikholi (West), Mumbai 400 083.
Tel: +91 022 49186200; Fax: +91 022 49186195; Email:
accord.ipo@linkintime.co.in ;
Investor grievance email: accord.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalakrishnan; Website: www.linkintime.com
SEBI Registration No.: INR000004058; CIN: U67190MH1999PTC118368
Place : Vadodara
Date: July 04,2017 |
For Accord Synergy Limited
On behalf of the Board of Directors
Sd/-
Mr. Betulla Asdulla Khan
Managing Director |
|
