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JUNCTION FABRICS AND APPARELS LIMITED Our Company was incorporated as Junction Fabrics and Apparels Private Limited on November 15, 2011 under the provisions of Companies Act, 1956 with Registrar of Companies, Coimbatore, Tamil Nadu vide registration no. (CIN: U18101TZ2011PTC017586). Pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on March 05, 2015 our Company was converted into a Public Limited Company and the name ofour Company was changed to 'Junction Fabrics and Apparels Limited' vide a fresh Certificate of Incorporation dated March 24, 2015 issued by the Registrar of Companies, Coimbatore, Tamil Nadu. For details of the changes in our Name and Registered Office, please see section titled 'History and Certain Corporate Matters' on page 108 of the Prospectus. Registered Office: No. 18(1) 24, Workshop Street, Khaderpet,
Tirupur, Tamil Nadu - 641-601. BASIS OF ALLOTMENT PUBLIC ISSUE OF 10,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF JUNCTION FABRICS ANDAPPARELS LIMITED('JUNCTION' 'OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 16.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 6.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 160.00 LAKHS ('THE ISSUE'), OF WHICH 56,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 16.00 PER EQUITY SHARE, AGGREGATING TO RS 8.96 LAKHS WILL BE RESERVEDFOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 9,44,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 16.00 PER EQUITY SHARE AGGREGATING TO RS 151.04 LAKHS (IS HEREINAFTER REFERREDTO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.14% AND 35.06%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED ' TERMS OF THE ISSUE' ON PAGE 209 OF THE PROSPECTUS. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, SEE 'ISSUE RELATED INFORMATION' BEGINNING ON PAGE 209 OF THE PROSPECTUS. THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00
EACH AND THE ISSUE PRICE IS RS 16.00. The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms ofthe Chapter XB ofthe 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 in-principle approval letter dated April 29,2015 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or before July 12,2015.* *Subject to receipt of listing and trading approvals from the BSE Limited. All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTEDBY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by SelfCertified Syndicate Banks (the 'SCSBs'). SUBSCRIPTION DETAILS The Issue has received 117 applications for 12,16,000 Equity Shares resulting in 1.22 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 (including withdrawal) are detailed below:
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 - BSE Limited on July 06,2015 A) Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.16 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 56,000 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. 16 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.21 times i.e. for 8,88,000 Equity Shares. Total number ofshares allotted in this category is 7,36,000 Equity Shares to 92 successful applicants.
C) Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis ofAllotment to Other than Retail Individual Investors, at the issue price of Rs.16 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.23 times i.e. for 2,56,000, the total number of shares allotted in this category is 2,08,000 Equity Shares to 3 successful applicants. The Category wise details of the Basis of allotment are as under:-
The Board of Directors ofthe Company at its meeting held on July 07, 2015 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 CAN-cum-Refund advices 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 08 July, 2015. Further, the instructions to SelfCertified Syndicate Banks for unblocking the amount have been processed on or prior to 07 July, 2015. In case 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 dispatched to their address as registered with the depositories. In case the same is not received within 10 days, investors may contact 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 meanings assigned to them in the Prospectus dated June 01,2015 ('Prospectus'). INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website ofthe Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline. 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: BIGSHARE SERVICES PRIVATE LIMITED
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The Junction Fabrics IPO basis of allotment (published above) tells you how shares are allocated to you in Junction Fabrics IPO and category wise demand of IPO share.
Visit the Junction Fabrics IPO allotment status page to check the number of shares allocated to your application.
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