Issue Open | Mar 15, 2017 |
Issue Close | Mar 20, 2017 |
IPO Price | ₹18 |
Face Value | ₹10 |
IPO Size | ₹2.40 Cr |
Listing At | BSE SME |
IPO Lot Size | 8000 |
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; 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: THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH. 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)
The details of applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
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:
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:
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. 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
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The Chemcrux Enterprises IPO basis of allotment (published above) tells you how shares are allocated to you in Chemcrux Enterprises IPO and category wise demand of IPO share.
Visit the Chemcrux Enterprises IPO allotment status page to check the number of shares allocated to your application.
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