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CHEMCRUX ENTERPRISES LIMITED
Our Company was incorporated as 'Chemcrux Enterprises Limited' at Vadodara,
Gujarat as a Public Limited Company under the provisions of the Companies Act, 1956 vide
Certificate of Incorporation dated April 15,1996 bearing Corporate Identification Number
U01110GJ1996PLC029329 and Certificate of Commencement of Business dated August 08,1996
issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli. For details of
Incorporation and Registered office of our Company, please refer to chapter titled
'General Information' and 'Our History' and Certain Other Corporate Matters' beginning on
page 60 and 156 respectively of this Prospectus
Registered Office: T-7, National Plaza, R. C. Dutt
Road, Vadodara - 390 007, Gujarat, India;
Tel No.: +91 265 2344803; Fax No.: +91 265 2332910; E-mail:
companysec@chemcrux.com; Website:
www.chemcrux.com
Corporate Identification Number: U01110GJ1996PLC029329; Contact
Person: Alpesh S. Makwana, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: SANJAYBHAI MARATHE AND GIRISH SHAH
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 13,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
('EQUITY SHARES') OF CHEMCRUX ENTERPRISES LIMITED (THE 'COMPANY' OR
THE 'ISSUER') FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 8 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 240.48
LAKHS ('THE ISSUE'), OF WHICH 72,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH
FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, AGGREGATING RS. 12.96 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
12,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 18 PER
EQUITY SHARE, AGGREGATING RS. 227.52 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET
ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.06% AND 25.61 % RESPECTIVELY
OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated March 07,2017 and as per Regulation 43(4) of SEBI (ICDR)
Regulations, 2009 wherein:
a) 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 266 of the
Prospectus.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 18.00 IS 1.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON MARCH 15, 2017 AND CLOSED ON MARCH 20, 2017
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited ('BSE') ('BSE SME') in terms of the chapter XB
of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not
required to obtain an in-principle approval for the shares being offered in this Issue.
However, the Company has received an approval letter dated February 14,2017 from BSE for
using its name in the Prospectus for listing of our Shares on BSE SME. The designated
stock exchange is BSE SME.
SUBSCRIPTION DETAILS
The Issue has received 4254 applications for 7,34,64,000 Equity shares (Before
Technical Rejections and after bids not banked) (including Market Maker Application of
72,000 Equity Shares) resulting 54.99 times subscription. After considering, a Technical
Rejection case, the issue was subscribed 54.37 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Maker |
1 |
72,000 |
1.00 |
| Otherthan Retail Individual Investor's |
186 |
4,08,56,000 |
64.65 |
| Retail Individual Investors |
4,067 |
3,25,36,000 |
51.48 |
| TOTAL |
4,254 |
7,34,64,000 |
54.99 |
The details of applications rejected by the Registrar on technical
grounds are detailed below:
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
| Market Maker |
- |
0 |
| Other than Retail Individual Investor's |
2 |
3,04,000 |
| Retail Individual Investor's |
65 |
5,20,000 |
| TOTAL |
67 |
8,24,000 |
Detail of the Applications Received (After Technical Rejection):
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Maker |
1 |
72,000 |
1.00 |
| Other than Retail Individual Investor's |
184 |
4,05,52,000 |
64.16 |
| Retail Individual Investor's |
4,002 |
3,20,16,000 |
50.66 |
| TOTAL |
4,187 |
7,26,40,000 |
54.37 |
ALLOCATION: The Basis of Allotment was finalized in
consultation with the Designated Stock Exchange- BSE on March 23,2017
A. Allocation to Market Maker (After Technical Rejections): The Basis
of Allotment to the Market Maker, at the issue price of Rs. 18/- 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 72,000 Equity shares in full out of reserved
portion of 72,000 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. 18/-
per Equity Share, was finalized in consultation with BSE. The category was subscribed by
50.66 times. Total number of shares allotted in this category are 6,32,000 Equity Shares.
The category wise basis of allotment is as under:
| No. of Shares Applied for (Category wise) |
No. of Applications received |
%
to
total |
Total No. of Equity Shares applied |
% to
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) |
| 8,000 |
4,002 |
100 |
3,20,16,000 |
100 |
6,32,000 |
157.92 |
8,000 |
79:4002 |
6,32,000 |
0 |
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 18/- per Equity Share, was finalized in consultation
with BSE. The category was subscribed by 64.16 times. Total number of shares allotted in
this category is 6,32,000 Equity Shares. The category wise basis of allotment is as under:
| No. of Shares Applied for (Category wise) |
No. of Applications received |
%
to
total |
Total No. of Equity Shares applied |
%
to
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) |
| 16,000 |
49 |
26.63 |
7,84,000 |
1.93 |
12,219 |
249.36 |
8,000 |
1:49 |
8,000 |
-4,219 |
| 24,000 |
13 |
7.075 |
3,12,000 |
0.77 |
4,862 |
374.04 |
8,000 |
1:13 |
8,000 |
3,138 |
| 32,000 |
16 |
8.70 |
5,12,000 |
1.26 |
7,979 |
498.72 |
8,000 |
1:16 |
8,000 |
21 |
| 40,000 |
12 |
6.52 |
4,80,000 |
1.18 |
7,481 |
623.40 |
8,000 |
1:12 |
8,000 |
519 |
| 48,000 |
7 |
3.80 |
3,36,000 |
0.83 |
5,237 |
748.08 |
8,000 |
1:7 |
8,000 |
2,763 |
| 56,000 |
7 |
3.80 |
3,92,000 |
0.97 |
6,109 |
872.76 |
8,000 |
1:7 |
8,000 |
1,891 |
| 64,000 |
12 |
6.52 |
7,68,000 |
1.89 |
11,969 |
997.44 |
8,000 |
1:12 |
8,000 |
-3,969 |
| 72,000 |
1 |
0.54 |
72,000 |
0.18 |
1,122 |
1,122.11 |
0 |
0 |
0 |
-1,122 |
| 80,000 |
5 |
2.72 |
4,00,000 |
0.99 |
6,234 |
1,246.79 |
8,000 |
1:5 |
8,000 |
1,766 |
| 88,000 |
1 |
0.54 |
88,000 |
0.22 |
1,371 |
1,371.47 |
0 |
0 |
0 |
-1,371 |
| 96,000 |
1 |
0.54 |
96,000 |
0.24 |
1,496 |
1,496.15 |
0 |
0 |
0 |
-1,496 |
| 1,12,000 |
2 |
1.09 |
2,24,000 |
0.55 |
3,491 |
1,745.57 |
0 |
0 |
0 |
-3,491 |
| 1,20,000 |
2 |
1.09 |
2,40,000 |
0.59 |
3,740 |
1,870.19 |
8,000 |
1:2 |
8,000 |
4,260 |
| 1,36,000 |
1 |
0.54 |
1,36,000 |
0.34 |
2,120 |
2,119.55 |
0 |
0 |
0 |
-2,120 |
| 1,60,000 |
1 |
0.54 |
1,60,000 |
0.39 |
2,494 |
2,493.59 |
0 |
0 |
0 |
-2,494 |
| 2,16,000 |
1 |
0.54 |
2,16,000 |
0.53 |
3,366 |
3,366.34 |
8,000 |
1:1 |
8,000 |
4,634 |
| 2,24,000 |
1 |
0.54 |
2,24,000 |
0.55 |
3,491 |
3,491.02 |
8,000 |
1:1 |
8,000 |
4,509 |
| 2,56,000 |
2 |
1.09 |
5,12,000 |
1.26 |
7,979 |
3,989.74 |
8,000 |
1:2 |
8,000 |
21 |
| 2,72,000 |
2 |
1.09 |
5,44,000 |
1.34 |
8,478 |
4,239.10 |
8,000 |
1:2 |
8,000 |
-478 |
| 2,80,000 |
7 |
3.80 |
19,60,000 |
4.83 |
30,546 |
4,363.78 |
8,000 |
4:7 |
32,000 |
1,454 |
| 2,88,000 |
1 |
0.54 |
2,88,000 |
0.71 |
4,488 |
4,488.46 |
8,000 |
1:1 |
8,000 |
3,512 |
| 2,96,000 |
1 |
0.54 |
2,96,000 |
0.73 |
4,613 |
4,613.14 |
8,000 |
1:1 |
8,000 |
3,387 |
| 3,04,000 |
2 |
1.09 |
6,08,000 |
1.50 |
9,476 |
4,737.82 |
8,000 |
1:2 |
8,000 |
-1,476 |
| 3,12,000 |
1 |
0.54 |
3,12,000 |
0.77 |
4,862 |
4,862.50 |
8,000 |
1:1 |
8,000 |
3,138 |
| 3,20,000 |
2 |
1.09 |
6,40,000 |
1.58 |
9,974 |
4,987.18 |
8,000 |
1:2 |
8,000 |
-1,974 |
| 4,00,000 |
2 |
1.09 |
8,00,000 |
1.97 |
12,468 |
6,233.97 |
8,000 |
1:1 |
16,000 |
3,532 |
| 4,08,000 |
1 |
0.54 |
4,08,000 |
1.01 |
6,359 |
6,358.65 |
8,000 |
1:1 |
8,000 |
1,641 |
| 4,16,000 |
1 |
0.54 |
4,16,000 |
1.03 |
6,483 |
6,483.33 |
8,000 |
1:1 |
8,000 |
1,517 |
| 4,80,000 |
1 |
0.54 |
4,80,000 |
1.18 |
7,481 |
7,480.77 |
8,000 |
1:1 |
8,000 |
519 |
| 5,12,000 |
1 |
0.54 |
5,12,000 |
1.26 |
7,979 |
7,979.48 |
8,000 |
1:1 |
8,000 |
21 |
| 5,52,000 |
2 |
1.09 |
11,04,000 |
2.72 |
17,206 |
8,602.88 |
8,000 |
1:1 |
16,000 |
-1,206 |
| 5,60,000 |
2 |
1.09 |
11,20,000 |
2.76 |
17,455 |
8,727.56 |
8,000 |
1:1 |
16,000 |
-1,455 |
| 5,68,000 |
1 |
0.54 |
5,68,000 |
1.40 |
8,852 |
8,852.24 |
8,000 |
1:1 |
8,000 |
-852 |
| 5,76,000 |
1 |
0.54 |
5,76,000 |
1.42 |
8,977 |
8,976.92 |
8,000 |
1:1 |
8,000 |
-977 |
| 5,84,000 |
1 |
0.54 |
5,84,000 |
1.44 |
9,102 |
9,101.60 |
8,000 |
1:1 |
8,000 |
-1,102 |
| 6,08,000 |
1 |
0.54 |
6,08,000 |
1.50 |
9,476 |
9,475.64 |
8,000 |
1:1 |
8,000 |
-1,476 |
| 6,64,000 |
1 |
0.54 |
6,64,000 |
1.64 |
10,348 |
10,348.39 |
8,000 |
1:1 |
8,000 |
-2,348 |
| 6,80,000 |
1 |
0.54 |
6,80,000 |
1.68 |
10,598 |
10,597.75 |
8,000 |
1:1 |
8,000 |
-2,598 |
| 7,20,000 |
1 |
0.54 |
7,20,000 |
1.78 |
11,221 |
11,221.15 |
8,000 |
1:1 |
8,000 |
-3,221 |
| 8,32,000 |
1 |
0.54 |
8,32,000 |
2.05 |
12,967 |
12,966.66 |
16,000 |
1:1 |
16,000 |
3,033 |
| 10,16,000 |
1 |
0.54 |
10,16,000 |
2.51 |
15,834 |
15,834.29 |
16,000 |
1:1 |
16,000 |
166 |
| 12,08,000 |
1 |
0.54 |
12,08,000 |
2.98 |
18,827 |
18,826.59 |
16,000 |
1:1 |
16,000 |
-2,827 |
| 12,56,000 |
5 |
2.72 |
62,80,000 |
15.49 |
97,873 |
19,574.67 |
16,000 |
1:1 |
80,000 |
-17,873 |
| 12,56,000 |
8,000 |
2:5 |
16,000 |
16,000 |
| 12,64,000 |
9 |
4.89 |
1,13,76,000 |
28.05 |
1,77,297 |
19,699.35 |
16,000 |
1:1 |
1,44,000 |
-33,297 |
| 12,64,000 |
8,000 |
4:9 |
32,000 |
32,000 |
The Board of Directors of the Company at its meeting held on March
23,2017 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares
in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the
Applicants as registered with the depositories / as filled in the application form on or
before March 27,2017. Further, the instructions to SCSBs shall be issued on March 24,2017
for unblocking of funds. 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. In case the same is not received within prescribed time,
Investors may contact the registrar to the Issue at the address given below. The Company
is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE
within six working days from the date of the closure of the Issue. The trading is
proposed to commence on or before March 28,2017 subject to receipt of listing and trading
approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to 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:
BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-4043 0200; Fax: +91-22-2847 5207; Email:
ipo@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: Babu Raphael; SEBI Registration No:
INR000001385
| Place: Vadodara Date:
March 24,2017 |
For CHEMCRUX ENTERPRISES LIMITED
On behalf of the Board of Directors
Sb/-
Girish Shah
Chairman and Whole Time Director |
|
RHP
