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MRC EXIM LIMITED
Corporate Identification Number: U74999MH2015PLC260005
Our Company was originally incorporated as a public limited company under the Companies
Ad. 2013 pursuant to a certificate of incorporation issued by the Registrar of Companies.,
Maharashtra, Mumbai dated October 12.2015 with the name 'MRC Exim Limited'.
For further details of our Company, see 'General Information' and 'Hisiory and
Certain Other Corporate Matters' on pages 33 and 70 respectively.
Registered Office: 106. Siddhesh Apartment. 2nd Khattar
gali Thakurdwar Road, Chami Road East. Mumbai - 400 004, Maharashtra. India
Tel: +91 22 2203 1638; Fax: +91 22 2203 1638; E-mail:
info@mrcexim.co.in; Website:
www.mrcexim.co.in
Contact Person : Rekha Rani Naraniwal, Company Secretary and Compliance
Officer
PROMOTER: KIRIT KUMAR SHAH AND CHANDU K. JAIN
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF
MRC EXIM LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE
OF RS 15.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 5.00 PER EQUITY SHARE)
('ISSUE PRICE') AGGREGATING TO RS 450.00 LAKHS ('THE ISSUE') OF THE
ISSUE. 1,52,000 EQUITY SHARES AGGREGATING TO RS 22.80 LAKHS WILL BE RESERVED FOR
SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE
LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28.48.000 EQUITY SHARES OF FACE
VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 15.00 PER EQUITY SHARE AGGREGATING TO RS
427.20 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE
NET ISSUE WlLL CONSTITUTE 28.79% AND 27.33%, 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)
REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET ISSUE OF
28,48,000 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
INVESTORS 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
PROPORTIONATE BASIS.THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.
THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH AND
THE ISSUE PRICE OF RS 15 IS 1.5 TIMES OF THE FACE VALUE
ISSUE OPENED ON DECEMBER 6, 2017 AND CLOSED ON DECEMBER 8, 2017
PROPOSED LISTING: MONDAY, DECEMBER 18, 2017
The Equity Shares offered through this Prospectus are propose to be listed on the SME
Platform of BSE. In terms of the Chapter XB of the SEBI (ICDR) Regu lations, 2009, as
amended from time to time we are not required to obtain an in-principal listing approval
for the shares being offered in this Issue. However, our Company has received an approval
letter dated November 14.2017 from BSE for using its name in this Prospectus for listing
of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall
be the Designated Stock Exchange. The trading is proposed to be commenced with effect from
MONDAY, DECEMBER 18.2017*.
* Subject to receipt of listing and trading approvals from the BSE.
All Applicants participated 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 Certified Syndicate Banks
(the 'SCSBs').
SUBSCRIPTION DETAILS
The Issue has received 1791 applications (after removing applications not
banked) for 1, 59,76,000 Equity Shares resulting in 5.325 times subscription (including
reserved portion of Market Maker). The details of the applications received in the Issue
(before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection)
| Category |
No. of Applications |
% to Total |
Number of Equity Shares |
% to Total |
Subscription (Times) |
| Market Maker |
1 |
0.06 |
1,52,000 |
0.95 |
1.000 |
| Retail Individual Investors |
1,766 |
98.60 |
1,41,28,000 |
88.43 |
9.921 |
| Non Retail Investors |
24 |
1.34 |
16,96,000 |
10.62 |
1.191 |
| Total |
1,791 |
100.00 |
1,59,76,000 |
100.00 |
5.325 |
The details of applications rejected by the Registrar on technical grounds/ withdrawal
are detailed below: Technical rejection /Withdrawal
| Category |
No. of Applications |
Number of Equity Shares |
| Market Maker |
Nil |
Nil |
| Retail Individual Investors |
31 |
2,48,000 |
| Other than Retail Individual Investors |
Nil |
Nil |
| TOTAL |
31 |
2,48,000 |
After eliminating Technically Rejected applications, the following table gives the
details of Category wise net valid applications: After technical rejections
| Category |
No.of
Applications |
% to
Total |
No. of Equity
Shares (Valid) |
% to
Total |
Subscription |
Proportionate No. of Equity Shares
(Allocated) After Rounding off |
| Market Maker |
1 |
0.06 |
152.000 |
0.97 |
1.060 |
1,52,000 |
| Retail Individual Investors |
1,735 |
98.58 |
1,38,80,000 |
88.25 |
5.456 |
25,44,000 |
| Non Retail Investors |
24 |
1.36 |
16,96,000 |
10.78 |
5.579 |
3,04,000 |
| Total |
1,760 |
100.00 |
1,57,28,000 |
100.00 |
5.243 |
30,00,000 |
*Retail individual investor has subscribed to the extend 89.11% of the net issue. Hence
they were offered 89.11% of net Issue of 28.48.000 shares i.e. 25,44,060 shares (after
round in off) and balance 10.89% of the net issue aggregating to 3,04,000 shares were
offered to non -retail category.
Allocation: The Basis of Allotment was finalized In consultation with the
Designated Stock Exchange - BSE on December 14,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of
Allotment to the Market Maker, at the issue price of Rs.15/- 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 1,52,000 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. 15/-
per Equity Share was finalized in consultation with BSE. The category was subscribed 5.456
times. The total number of shares allotted in this category
is 25,44,000 Equity Shares to 318 successful applicants. The retail category has applied
for 89.11 % of the valid applications under the net offer to public. 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 |
Proportionate
Shares
Available |
Allocation
per Applicant
(Before
Rounding Off) |
Allocation
per Applicant
(After Rounding 0ff) |
Ratio of
Allottees to
Applicants |
Total No.
of Shares
Allotted |
Surplus/ (Deficit) |
| 8,000 |
1,735 |
100 |
1,38,80,000 |
100 |
25,44,000 |
1466.28 |
8.000 |
11:66 |
25,44,000 |
Nil |
| Total |
1,735 |
100 |
1,38,80,000 |
100 |
25,44,000 |
|
|
|
25,44,000 |
Nil |
C. Allocation to Non Retail Investors (After Technical Rejections):
The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 15/-per
Equity Share, was finalized in consultation with BSE The category was subscribed 5.579
times. The total number of shares allotted in this category is 3,04,000 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 |
Proportionate
Shares
Available |
Allocation
per Applicant
(Before Rounding Off) |
Allocation
per Applicant
(After Rounding 0ff) |
Ratio of
Allottees to
Applicants |
Total No.of Shares
Allotted |
Surplus/ (Deficit) |
| 16,000 |
10 |
41.67 |
1,60,000 |
9.43 |
28,679 |
2,867.92 |
8,000 |
4:16 |
32,000 |
3,321 |
| 32,000 |
1 |
4.17 |
32,000 |
1.89 |
5,736 |
5,735.85 |
8,000 |
1:1 |
8,000 |
2,264 |
| 40,000 |
1 |
4.17 |
40,000 |
2.36 |
7,170 |
7,169.81 |
8,000 |
1:1 |
8,000 |
830 |
| 48,000 |
1 |
4.17 |
48,000 |
2.83 |
8,604 |
8,603.77 |
8,000 |
1:1 |
8,000 |
-604 |
| 56,000 |
1 |
4.17 |
56,000 |
3.30 |
10,038 |
10,037.74 |
8,000 |
1:1 |
8,000 |
-2,038 |
| 64,000 |
1 |
4.17 |
64,000 |
3.77 |
11,472 |
11,471.76 |
8,000 |
1:1 |
8,000 |
-3,472 |
| 72,000 |
1 |
4.17 |
72,000 |
4.25 |
12,906 |
12,905.66 |
16,000 |
1:1 |
16,000 |
3,094 |
| 96,000 |
2 |
8.33 |
1,92,000 |
11.32 |
34,415 |
17,207.55 |
16,000 |
1:1 |
32,000 |
-2,415 |
| 1,12,000 |
1 |
4.17 |
1,12,000 |
6.60 |
20,075 |
20,075.47 |
24,000 |
1:1 |
24,000 |
3,925 |
| 1,68,000 |
1 |
4.17 |
1,68,000 |
9.91 |
30,113 |
30,113.21 |
32,000 |
1:1 |
32,000 |
1,887 |
| 1,76,000 |
1 |
4.17 |
1,76,000 |
10.38 |
31,547 |
31,547.17 |
32,000 |
1:1 |
32,000 |
453 |
| 1,84,000 |
1 |
4.17 |
1,84,000 |
10.85 |
32,981 |
32,981.13 |
32,000 |
1:1 |
32,000 |
-981 |
| 1,92,000 |
1 |
4.17 |
1,92,000 |
11.32 |
34,415 |
34,415.09 |
32,000 |
1:1 |
32,000 |
-2,415 |
| 2,00,000 |
1 |
4.17 |
2,00,000 |
11.79 |
35,849 |
35,849.06 |
32,000 |
1:1 |
32,000 |
-3,849 |
| Total |
24 |
100.00 |
16,96,000 |
100.00 |
3,04,000 |
|
|
|
3,04,000 |
0 |
The Board of Directors of the Company at its meeting held on December 14,2017 has taken
on record the Basis of Allocation of Equity Shares approved by the Designated Stock
Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity
Shares to various successful applicants.
The CAN and allotment advice and/or notices are dispatched to the address of the
Applicants as registered with the depositories on or before December 15.2017. Further. the
Instructions to Self Certified Syndicate Banks are processed on or prior to December
15.2017. 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 within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined hereinshall have the
respective meaning assigned to them in the Prospectus dated November 26,2017
('Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar
to the Issue. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
No. 9, Shiv Shakti Ind. Estate, Gr. floor, J. R. Boricha Marg, Lower Parel, Mumbai-400 011
Tel: +91 22 2301 6761/8261;Fax: +91 22 2301 2517
Email: busicomp@vsnl.com; Website:
www.purvashare.com
SEBI Regn No. INR000001112: Contact Person: Mr. Rajesh
Shah
Place: Mumbai
Date: December 15, 2017 |
For MRC EXIM LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director |
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RHP
