Captain Polyplast IPO Basis of Allotment

CAPTAIN POLYPLAST LIMITED

Our Company was incorporated on March 27, 1997, as 'Captain Polyplast Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gnjarat, Dadra & Nagar Havelli and received the Certificate of Commencement of Business on April 02, 1997. The Corporate Identification Number of our Company is U25209GJ1997PLC031985. For details of the Changes in our name and Registered Office, please see section tilled 'History and Certain Corporate Matters' on page 116 of the Prospectus.

Registered Office: Upper Level -25, Royal Complex, Dhebar Road, Bhutkhana Chowk, Rajkot - 360002, Gujarat, India. Tel No: +91-281-2226361, Fax No: +91-2827-252056;
Head Office & Factory: Survey No. 267, Plol No. 10-A & 11, N.H. 8-B, Shapar - Veraval, Rajkot-360024, Gujarat, India.
Tel No: +91-2827-253006; Fax No: +91-2827-252056; Website: www.captainpolyplast.com; E-mail: :compliance@captainpolyplast.in

CONTACT PERSON: MR. SUMIT MUTHA (COMPANY SECRETARY & COMPLIANCE OFFICER)

OUR PROMOTERS: MR. RAMESH D. KHICHADIA, MR. GOPAL D. KHICHADIA, MR. KANTILAL GEDIA & MR. ASHOK PATEL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 19,80,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH OF CAPTAIN POLYPLAST LIMITED ('CPL' OR 'OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS.30 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 20/- PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS.594.00/- LAKHS ( THE 'ISSUE'), OF WHICH 1,04,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH AGGREGATING TO RS.31.20/- LAKHS WILL BE RESERVED f OR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION') THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E ISSUE OF 18,76,000 EQUITY SHARES OF FACE VALUE OF RS.10/- AT AN ISSUE PRICE OF RS.30 EACH AGGREGATING TO RS.562.80/- LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.53%, AND 24.l4% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATION, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET ISSUE OF 18,76,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE

THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE PRICE OF RS.30 IS 3 TIMES OF THE FACE VALUE

PROPOSED LISTING: DECEMBER 11, 2013

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares, being offered in this issue. However, our Company has received an approval letter dated November 07, 2013 from BSE Limited for using its name in this Prospectus for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited ('BSE'). The trading is proposed to be commenced with effect from December 11, 2013*.

'Subject to receipt of listing and trading approvals from tfie BSE Limited.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Centified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS

The Issue has received applications for 27,92,000 Equity Shares (before cheque returns) resulting in 1.41 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows..

Detail of the Applications Received (Before Technical Rejection and after cheque returns)

The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below:

Technical rejection / Withdrawal

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

After technical rejections

Allocation: The Basis of Allotment was finalized in consultation with the Designate Stock Exchange - BSE Limited on December 6, 2013.

A. Alloction to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.30/- 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 1,04,000 Equity Shares.

B. Alloction to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.30/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.38 times i.e for 15,20,000 Eqyutt Sgares, The total number of shares allotted in this category is 11,00,000 Equity Shares to 275 successful applicants.

C. Allocation to Other than Retail Individual Investors (After Technical Rejectons): The Basis of Allotmenl to the Non Institutional Investors, at the issue price of Rs.30/- per Equity Share, was finalized in consultation with BSE. The category subscribed 1.38 times i.e. for 10,80,000 Equity Shares. The total number of shares allotted in this category is 7,76,000 Equity Shares to 79 successful applicants.

For all other applicants other than the above category in HNI Portion has been given firm allotment on a proportionate basis inverse to their oversubscription ratio.

Retail category has been given 3262 excess shares due to rounding off and the same has been reduced from the HNI category to the extent of excess shares alloted.

The Board of Directors of theCompany at its meeting held on December 7, 2013 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action, for the transfer of the Equity Shares to various successful applicants.

The Refund/allotmenl intimation are being dispatched to the  address of the Applicants as registered with the depositories by December 10, 2013. Further, the instructions to Self Certified Syndicate Banks for unblocking Ihe amount are being given by December 10, 2013. Incase the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact Registrar at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. 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 BSE Limited within twelve working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated November 18, 2013 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREPRO SERVICES (INDIA) PRIVATE LIMITED at www.shareproservices.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of tne 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:

SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
13 AB, Samhita Warehousing Complex, 2nd Floor, Sakinaka Telephone Exchange Lane,
Off Andheri - Kurla Road, Sakinaka, Andheri (East), Mumbai-400 072,
Tel. No.: 022-61915400 / 5402; Fax No.: 022-61915444, Website: www.shareproservices.com, Email: sme.ipo@shareproservices.com
Investor Grievance Email: lobo@shareproservices.com, Contact Person: Mr Subhash Dhingreja, SEBI Regn. No.: INR000001476