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BHATIA COLOUR CHEM LIMITED |
| CIN: U24290GJ2021PLC127878 |
Our Company was originally incorporated as "Bhatia Colour Chem Limited" under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated December 10, 2021 bearing Corporate Identification Number U24290GJ2021PLC127878 issued by the Registrar of Companies, Central Registration Center.
| Registered Office: Plot No. A/2/12, Road No. 1 Udhna Udhyog Nagar, Sangh, Udhna, Surat-394210, Gujarat; |
| Tel:- 0261-2270489, (M): + 91 9104294564; Email Id: account@bccindia.com; Website: www.bccl.info Contact Person: Ms. Hiral Shah, Company Secretary and Compliance Officer |
| OUR PROMOTERS: MR. BHARAT BHATIA, MR. RAMESH BHATIA AND MR. RAVI BHATIA |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF FACE VALUE OF 10/- EACH OF BHATIA COLOUR CHEM LIMITED ("BCCL" OR THE "COMPANY" OR THE ‘'ISSUER") FOR CASH AT A PRICE OF Rs. 80 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OFRs. 70 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 4000.00 LACS ("THE ISSUE"), OF WHICH 2,64,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH WILL FOR CASH AT A PRICE OF Rs. 80 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 70 PER EQUITY SHARE AGGREGATING TO Rs. 211.20 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 47,36,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT A PRICE OF Rs. 80 PER EQUITY SHARE AGGREGATING TO Rs. 3788.80 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 40.87% AND 38.71 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10.00/- EACH AND THE ISSUE PRICE IS Rs. 80.00/- EACH.
THE ISSUE PRICE IS 8.00 TIMES OF THE FACE VALUE OF EQUITY SHARE
| Issue Opened On: March 14, 2022 (Monday) • Issue Closed On: March 16, 2022 (Wednesday) |
| PROPOSED LISTING |
The Equity Shares of the Company offered through the Prospectus dated March 08, 2022 are proposed to be listed on the SME Platform of BSE Limited ("BSE SME") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. The trading is proposed to be commenced on or before March 25,2022*.
*Subject to receipt of listing and trading approval from BSE Limited.
Our Company has received an In-Principle Approval dated March 07, 2022 from BSE Limited for listing our shares and also for using its name in the offer document for listing of our shares on SME Platform of BSE Limited. It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the content of the Prospectus or the price at which equity shares are offered has been cleared, solicited or approved by BSE, nor does it certifies the correctness, accuracy or completeness of any of the content of the Prospectus. For the purpose of the Issue BSE Limited will be the Designated Stock Exchange.
The Issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein (a) minimum 50% of the net issue of shares shall be allocated to retail individual investors and (b) remaining to: (i) individual applicants other than retail individual investors; and (ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category.
All investors have participated in this offer through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface ("UPI") mode (as applicable) by providing the details of the respective bank accounts/ UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
| SUBSCRIPTION DETAILS |
DETAILS OF THE APPLICATION:
The Issue has received 306 applications (before rejections and bids not banked) for 67,92,000 Equity Shares (Including Market Maker Application of 2,64,000 Equity Shares) resulting 1.36 times subscription. The details of the applications received in the Issue (before technical rejections but after bids not banked) are as follows:
DETAILS OF VALID APPLICATIONS RECEIVED (BEFORE TECHNICAL REJECTION AND AFTER BIDS BANKED)
| CATEGORY | NUMBER OF APPLICATIONS | NUMBER OF EQUITY SHARE | SUBSCRIPTION* |
| Market Maker | 1 | 264000 | 1.00 |
| Other than Retail Individual Investor's | 34 | 5864600 | 2.47 |
| Retail Individual Investor's | 143 | 228800 | 0.096 |
| TOTAL | 178 | 6339200 | 1.27 |
*Subscription time have been computed on the basis of the issue size as per the Prospectus.
DETAILS OF BIDS NOT BANKED ARE AS FOLLOWS:
| CATEGORY | NUMBER OF APPLICATIONS | NUMBER OF EQUITY SHARE |
| Other than Retail Individual Investor's | 1 | 249000 |
| Retail Individual Investor's | 127 | 203200 |
| TOTAL | 128 | 452800 |
DETAILS OF APPLICATIONS REJECTED BY THE REGISTRAR ON TECHNICAL GROUNDS ARE AS FOLLOWS:
| CATEGORY | NUMBER OF APPLICATIONS | NUMBER OF EQUITY SHARE |
| Market Maker | - | - |
| Other than Retail Individual Investor's | - | - |
| Retail Individual Investor's | 3 | 4800 |
| TOTAL | 3 | 4800 |
DETAILS OF VALID APPLICATIONS RECEIVED (AFTER TECHNICAL REJECTION):
| CATEGORY | NUMBER OF APPLICATIONS | NUMBER OF EQUITY SHARES | SUBSCRIPTION |
| Market Maker | 1 | 264000 | 1.00 |
| Other than Retail Individual Investor's | 34 | 5846400 | 2.47 |
| Retail Individual Investor's | 140 | 224000 | 0.095 |
| TOTAL | 175 | 6334400 | 1.27 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Limited on March 21, 2022.
| A. | Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 80.00/per Equity Share, was finalised in consultation with BSE SME. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,64,000 Equity shares in full out of reserved portion of 2,64,000 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. 80.00/per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 0.095 times. Total number of shares allotted in this category is 2,24,000 Equity shares. |
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to total | Total No. of Equity Shares applied in Retail Individual Investors category | % of 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) | |
| 1600 | 140 | 100% | 224000 | 100% | 2368000 | 1600 | 1600 | 1 | 1 | 224000 | (2144000) |
| Total | 140 | 100% | 224000 | 100% | 2368000 | - | - | - | - | 224000 | (2144000) |
| C. | Allocation to Non- Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs. 80.00/-per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 2.47 times. Total number of shares allotted in this category is 45,12,000. |
| No. of Shares applied for (Category wise) | Number of applications received | % to total | Total No. of Shares applied in each category | % to total | Proportionate shares available | Allocation per Applicant | Ration of allottees to applicants | Total No. of shares allocated/ alloted | Surplus/ Deficit | ||
| (Before Rounding Oft) | (After Rounding Oft) | ||||||||||
| 3200 | 6 | 17.65 | 19200 | 0.33 | 14818 | 2469.67 | 1600 | 1 | 1 | 9600 | -5218 |
| 0.00 | 0.00 | 1600 | 1 | 2 | 4800 | 4800 | |||||
| 8000 | 1 | 2.94 | 8000 | 0.14 | 6174 | 6174 | 6400 | 1 | 1 | 6400 | 226 |
| 12800 | 2 | 5.88 | 25600 | 0.44 | 19757 | 9878.5 | 9600 | 1 | 1 | 19200 | -557 |
| 14400 | 1 | 2.94 | 14400 | 0.25 | 11113 | 11113 | 11200 | 1 | 1 | 11200 | 87 |
| 16000 | 1 | 2.94 | 16000 | 0.27 | 12348 | 12348 | 12800 | 1 | 1 | 12800 | 452 |
| 30400 | 1 | 2.94 | 30400 | 0.52 | 23461 | 23461 | 24000 | 1 | 1 | 24000 | 539 |
| 40000 | 1 | 2.94 | 40000 | 0.68 | 30870 | 30870 | 30400 | 1 | 1 | 30400 | -470 |
| 62400 | 2 | 5.88 | 124800 | 2.13 | 96315 | 48157.5 | 48000 | 1 | 1 | 96000 | -315 |
| 88000 | 1 | 2.94 | 88000 | 1.51 | 67915 | 67915 | 68800 | 1 | 1 | 68800 | 885 |
| 120000 | 1 | 2.94 | 120000 | 2.05 | 92611 | 92611 | 92800 | 1 | 1 | 92800 | 189 |
| 124800 | 2 | 5.88 | 249600 | 4.27 | 192631 | 96315.5 | 96000 | 1 | 1 | 192000 | -631 |
| 126400 | 1 | 2.94 | 126400 | 2.16 | 97550 | 97550 | 97600 | 1 | 1 | 97600 | 50 |
| 136000 | 2 | 5.88 | 272000 | 4.65 | 209918 | 104959 | 104000 | 1 | 1 | 208000 | -1918 |
| 0.00 | 0.00 | 1600 | 1 | 2 | 1600 | 1600 | |||||
| 155200 | 1 | 2.94 | 155200 | 2.65 | 119777 | 119777 | 120000 | 1 | 1 | 120000 | 223 |
| 187200 | 1 | 2.94 | 187200 | 3.20 | 144473 | 144473 | 144000 | 1 | 1 | 144000 | -473 |
| 188800 | 1 | 2.94 | 188800 | 3.23 | 145708 | 145708 | 145600 | 1 | 1 | 145600 | -108 |
| 249600 | 4 | 11.76 | 998400 | 17.08 | 770522 | 192630.5 | 192000 | 1 | 1 | 768000 | -2522 |
| 0.00 | 0.00 | 1600 | 1 | 2 | 3200 | 3200 | |||||
| 372800 | 2.94 | 372800 | 6.38 | 287711 | 287711 | 288000 | 1 | 1 | 288000 | 289 | |
| 593600 | 1 | 2.94 | 593600 | 10.15 | 458115 | 458115 | 457600 | 1 | 1 | 457600 | -515 |
| 624000 | 1 | 2.94 | 624000 | 10.67 | 481576 | 481576 | 481600 | 1 | 1 | 481600 | 24 |
| 748800 | 1 | 2.94 | 748800 | 12.81 | 577892 | 577892 | 577600 | 1 | 1 | 577600 | -292 |
| 843200 | 1 | 2.94 | 843200 | 14.42 | 650745 | 650746 | 651200 | 1 | 1 | 651200 | 455 |
| Grand Total | 34 | 100.00 | 5846400 | 100.00 | 4512000 | - | - | - | - | 4512000 | 0 |
The Board of Directors of the Company at its meeting held on March 21,2022 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE SME and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants. The CAN-cum-Refund Orders 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 March 23, 2022. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to March 23,2022 for unblocking fund. In case the same is not received within Four (4) working 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 BSE SME within Six (6) working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before March 25,2022 subjectto receipt of listing and trading approvals from the BSE Limited.
| INVESTORS, PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com. AII 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:
 |
REGISTRAR TO THE ISSUE | ||
| BIGSHARE SERVICES PRIVATE LIMITED | BHATIA COLOUR CHEM LIMITED | ||
| 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, | On behalf of the Board of Directors | ||
| Makwana Road, Marol, Andheri East, Mumbai -400 059, Maharashtra, India | | Sd/- | ||
| Tel. No: 022 62638200 | Fax No: 022 62638280 E-mail Id: ipo@bigshareonline.com | Website: www.bigshareonline.com | | Bharat Bhatia | ||
| Contact Person: Swapnil Kate | SEBI Regis tration No: INR000001385 | Managing Director | ||
| Place: Surat | Date: March 21, 2022 | DIN: 09095082 | |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF BHATIA COLOURCHEM LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
The Equity Share shave not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and will not be Issued or sold within the United States or to, or for the account or be nef it of "U.S. Persons"(as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.
RHP