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August 26, 2016 - August 31, 2016

Mitsu Chem Plast IPO Basis of Allotment

MITSU CHEM PLAST LIMITED

CIN No.: U25111MH1988PLC048925

Our Company was incorporated as Mitsu Chem Private Limited on September 23,1988 under the Companies Act, 1956 bearing Registration No. 048925 and having its Registered Office in Mumbai, Maharashtra. The name of the Company was changed to Mitsu Chem Plast Private Limited vide special resolution dated May 11,2016. Also, vide the same special resolution; the status of our Company was changed to a public limited company. A fresh Certificate of Incorporation consequent upon change of name to Mitsu Chem Plast Limited was issued on June 08,2016 by the Registrar of Companies, Mumbai. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter 'History and Certain Corporate Matters' on page no. 121 of the Prospectus.

Registered Office: 329, Gala Complex, 3rd Floor, Din Dayal Upadhyay Marg, Mulund (W), Mumbai - 400 080.
Contact Person: Ms. Drishti Thakker, Company Secretary & Compliance Officer
Tel No.: +91 - 22 - 2592 0055; Fax No.: +91 - 22 - 2592 0077; Email: investor@mitsuchem.com; Website: www.mitsuchem.com

PROMOTERS OF THE COMPANY - MR. JAGDISH DEDHIA, MR. SANJAY DEDHIA AND MR. MANISH DEDHIA

PUBLIC OFFER OF 10,00,800 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF MITSU CHEM PLAST LIMITED ('MCPL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 95 PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 950.76 LAKHS ('THE OFFER') THROUGH AN OFFER FOR SALE BY THE SELLING SHAREHOLDERS ('OFFER FOR SALE'), OF WHICH 52,800 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 9,48,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 28.39% AND 26.89%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS   RS 10 EACH AND THE OFFER PRICE IS 9.50 TIMES OF THE FACE VALUE. OFFER OPENED ON AUGUST 26, 2016 AND CLOSED ON AUGUST 31,2016.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated July 27,2016. BSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on September 09,2016*

* Subject to receipt of listing and trading approvals from the BSE Limited.

The Offer is being made through the Fixed Price process, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proporatJonate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such irrter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Offer only 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 Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Net Offer has received 641 applications for 13,76,400 Equity Shares resulting in 1.45 times subscription. The details of the applications received in the Net Offer (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

Category Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of
Applications
No. of
Equity Shares
No. of
Applications
No. of
Equity Shares
Retail Individual Applicant 612 7,34,400 598 7,17,600
Non - Retail Applicant 29 6,42,000 29 6,42,000
TOTAL 641 13,76,400 627 13,59,600

Note: The Offer also includes 52,800 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 2,43,600 Equity Shares in Retail Category & over subscription 1,68,000 Equity Shares in Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on September 06,2016.

A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 95 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 52,800 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied
for (Category Wise)
No. of
Applications
Received
% to
Total
Total No. of
Shares
Applied in
Each Category
% to
Total
Allocation per
Applicant
Ratio of
Allottees to
the Applicant
Total No. of
Shares Allotted
52,800 1 100.00 52,800 100.00 52,800 1:1 52,800
Total 1 100.00 52,800 100.00 52,800

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 95 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 5,00,400 Equity Shares. The category was subscribed by 1.43 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied
for (Category Wise)
No. of
Applications
Received
% to
Total
Total No.
of Shares
Applied in
Each Category
% to
Total
Allocation
per
Applicant
Ratio of
Allottees to
the Applicant
Total No
of
Shares
Allotted
1,200 598 100.00 7,17,600 100.00 1,200 417:598 5,00,400
Total 598 100.00 7,17,600 100.00 5,00,400

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 95 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 4,47,600 Equity Shares. The category was subscribed by 1.43 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied
for
(Category Wise)
No. of
Applications
Received
% to
Total
Total No.
of Shares
Applied in
Each Category
% to
Total
Allocation per
Applicant
Ratio of
Allottees to
the Applicant
Total No. of
Shares
Allotted
2,400 6 20.69 14,400 2.24 1,200 1:1 7,200
2,400 (Lottery System - Serial No. of Qualifying Applicant is 1 1,200 1:3 2,400
4,800 3 10.34 14,400 2.24 3,600 1:1 10,800
6,000 5 17.24 30,000 4.67 3,600 1:1 18,000
6,000 (Lottery System - Serial No. of Qualifying Applicant is 2 & 3) 1,200 2:5 2,400
9,600 6 20.69 57,600 8.97 6,000 1:1 36,000
9,600 (Lottery System - Serial No. of Qualifying Applicant is 1 1,200 1:2 3,600
21,600 2 6.90 43,200 6.73 15,600 1:1 31,200
26,400 2 6.90 52,800 8.22 18,000 1:1 36,000
51,600 1 3.45 51,600 8.04 36,000 1:1 36,000
52,800 1 3.45 52,800 8.22 37,200 1:1 37,200
1,04,400 1 3.45 1,04,400 16.26 73,200 1:1 73,200
1,05,600 1 3.45 1,05,600 16.45 73,200 1:1 73,200
1,15,200 1 3.45 1,15,200 17.94 80,400 1:1 80,400
Total 29 100.00 6,42,000 100.00 4,47,600

The Board of Directors of the Company at its meeting held on September 06, 2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before September 08, 2016 for unblocking of funds. The Equity Shares allotted 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 Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on September 09,2016 subject to receipt of listing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 10,2016 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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 given below:

BIGSHARE SERVICES PRIVATE LIMITED
E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072.
Tel.: +91 - 22 - 4043 2000 | Fax: +91 - 22 - 2847 5207
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Ashok Shetty

Place: Mumbai
Date: September 08,2016
For MITSU CHEM PLAST LIMITED
On Behalf of the Board of Directors
Sd/-
Chairman & Managing Director

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF MITSU CHAME PLAST LIMITED.

MITSU CHEM PLAST LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Offer of its Equity Shares and has filed the Prospectus with Registrar of Companies, Mumbai. The Prospectus shall be available on the websites of the Company, the BSE and the LM at www.mitsuchem.com, www.bseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled 'Risk Factors' beginning on page 10 of the Prospectus. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Mitsu Chem Plast IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Mitsu Chem Plast IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Mitsu Chem Plast IPO basis of allotment (published above) tells you how shares are allocated to you in Mitsu Chem Plast IPO and category wise demand of IPO share.

Visit the Mitsu Chem Plast IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Mitsu Chem Plast IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).