Issue Open | Dec 6, 2017 |
Issue Close | Dec 8, 2017 |
IPO Price | ₹15 |
Face Value | ₹10 |
IPO Size | ₹4.50 Cr |
Listing At | BSE SME |
IPO Lot Size |
MRC EXIM LIMITED 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 PROMOTER: KIRIT KUMAR SHAH AND CHANDU K. JAIN 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. THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH AND 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*. 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:
The details of applications rejected by the Registrar on technical grounds/ withdrawal are detailed below: Technical rejection /Withdrawal
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications: After technical rejections
*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.
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:
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. 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
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The MRC Exim IPO basis of allotment (published above) tells you how shares are allocated to you in MRC Exim IPO and category wise demand of IPO share.
Visit the MRC Exim IPO allotment status page to check the number of shares allocated to your application.
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