Issue Open | Jun 22, 2017 |
Issue Close | Jun 28, 2017 |
IPO Price | ₹60 |
Face Value | ₹10 |
IPO Size | ₹5.83 Cr |
Listing At | NSE SME |
IPO Lot Size | 2000 |
ACCORD SYNERGY LIMITED 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 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. 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):
The details of applications reiected by the Registrar on technical Grounds are detailed below:
*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:
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.
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.
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 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
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The Accord Synergy IPO basis of allotment (published above) tells you how shares are allocated to you in Accord Synergy IPO and category wise demand of IPO share.
Visit the Accord Synergy IPO allotment status page to check the number of shares allocated to your application.
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