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RAGHAV RAMMING MASS LIMITED
Corporate Identity Number: - UZ7109RJ2009PLC030511
Our Company was incorporated as Raghav Ramming Mass Private Limited on December 16.
2009 under the provisions of Companies Act. 1956 with Registrar of Companies. Ra(as than.
Jaipur vide registration no. 17- 030511 (CIN: U27109RJ2009PTC030511). Pursuant to
Shareholders Resolution passed at the Extraordinary General Meeting held on October 29.
2015. our Company was converted in to a Public Limited Company and the name was changed to
'Raghav Ramming Mass Limited' and a Fresh Certificate of Incorporation dated December
01,2015 was issued by the Registrar of Companies. Rajasthan. Jaipur. For further details
of the Company. please see section titled 'History and Certain Corporate
Matters' on page 117 of the Prospectus.
Registered Office: Office No. 36,4 floor. Alankar
Plaza, A-10, Central Spine. Vidhyadhar Nagar. Jaipur-302023. Rajasthan. India
Corporate Office: 409. Alankar Plaza. Vidhyadnar Nagar. Jaipur.
Rajasthan. India Tel No: +91-141-2235760: Fax No:
+91-141-2235761: E-mail: cs@rammingmass.com.
Website: www.rammingmass.com Contact
Person: Mr. Bhanu Pratap Shah (Company Secretary & Compliance Officer)
PROMOTER OF OUR COMPANY: Mr. RAJESH KABRA, Mr. SANJAY KABRA,
Mrs. RASHMIKABRA AND Mrs. SAVITA KABRA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 19,20.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF
RAGHAV RAMMING MASS LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH
AT A PRICE OF RS 39.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 29.00 PER EQUITY
SHARE) ('ISSUE PRICE') AGGREGATING TO RS 748.80 LAKHS ('THE ISSUE').
OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 39.00
PER EQUITY SHARE. AGGREGATING TO RS 37.44 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY
MARKET MAKER ('MARKET MAKER RESERVATI ON PORTION'). THE ISSU E LESS THE MARKET
MAKER RESERVATION PORTION I.E. ISSUE OF 18.24.000 EQUITY SHARES OF FACE VALUE OF RS 10.00
EACH AT AN ISSUE PRICE OF RS 39.00 PER EQUITY SHARE AGGREGATING TO RS 711.36 LAKHS (IS
HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL
CONSTITUTE 26.74% AND 25.41%. RESPECTIVELY OF TH E POST ISSUE PAI0 UP EQUITY SHARE CAPITAL
OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE
ISSUE' BEGINNING ON PAGE 225 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS
AMENDED FROM TIME TO TIME. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE
NETISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR)
REGULATION 2009. AS AMENDED. FOR FURTHER DETAILS PLEASE REFER TO SECTION TITLED
'ISSUE PROCEDURE' BEGINNING ON PAGE 233 OF THE PROSPECTUS.
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS 39 EACH. THE
ISSUE PRICE IS 3.9 TIMES OF THE FACE VALUE.
ISSUE OPENED ON THURSDAY, MARCH 31, 2016 AND CLOSED ON WEDNESDAY, APRIL 06, 2016
The Equity Shares offered through Prospectus are proposed to be listed on the SME
Platform of BSE Limited ('BSE'). In terms of the Chapter XB of the 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 February 22.2016 from BSE for using its
name in 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
('BSE'). The trading is proposed to be commenced on or about Wednesday, April
13,2016*.
'Subject to receipt of listing and trading approvals from the BSE Limited.
All Applicants were allowed to participate in the Issue through Application Supported by
Blocked Amount ('ASBA') process by providing the details of the respective bank
accounts in which the corresponding application amounts were blocked by Self Certified
Syndicate Banks (the 'SCSBs').
SUBSCRIPTION DETAILS
The Issue has received 319 applications for 26.25.000 Equity Shares resulting in 1.37
times subscription (including reserved portion of market maker). The details of the
applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):
| Category |
No. of Applicants |
% to Total |
No. of Equity Shares |
% to Total |
Subscription (Times) |
| Market Maker |
1 |
0.31 |
96.000 |
3.66 |
1 |
| Retail Individual Investors |
290 |
90.91 |
8.70,000 |
33.14 |
0.95 |
| Other than Retail Individual Investors |
28 |
8.78 |
16,59,000 |
63.20 |
1.82 |
| TOTAL |
319 |
100.00 |
26,25.000 |
100.00 |
1.37 |
The details of applications rejected by the Registrar on
technical grounds (including withdrawal) are detailed below:
| Category |
No. of Applicants |
No. of Equity Shares |
| Market Maker |
N |
N |
| Retail Individual Investors |
2 |
6.000 |
| Other than Retail Individual Investors |
2 |
3.60.000 |
| Total |
4 |
3,66,000 |
After eliminating technically rejected applications, the following
tables givs us category wise net valid applicatons:
| Category |
No. of Applicants |
% to Total |
Reserved Portion (as per Prospectus) |
No. of Valid Shares applied |
% of Total Applied |
Subscription (Times) |
| Market Maker |
1 |
100.00 |
96.000 |
96.000 |
100.00 |
1.00 |
| Total |
1 |
100.00 |
96.000 |
96.000 |
100.00 |
1.00 |
| Category |
No. of Applications |
% to Total |
Reserved Portion (as per Prospectus) |
Proportionate Issue Size (After rounding off) |
No. of Valid Shares applied |
% of Total Applied |
Subscription (Times) |
| Retail Individual Investors |
288 |
91.72 |
9.12.000 |
8,64,000 |
8.64.000 |
39.94 |
0.95 |
| Other than Retail Individual Investors |
26 |
8.28 |
9.12.000 |
9.60.000 |
12.99.000 |
60.06 |
1.42 |
| Total |
314 |
100.00 |
18.24.000 |
18.24.000 |
21.63.000 |
100.00 |
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Allocation; The Basis of Allotment was finalized in consultation win
the Designated Stock Exchange - BSE Limited on April 8. 2016.
A) Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basts of Allotment to the Market Maker, at the issue price of Rs.39 per Equity Share,
was finalised in consultation with BSE The category was subscribed by 1.00 time. The total
number of shares allotted in this category is 96.000 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. 39 per Equity Share, was finalized in consultation with BSE. The
category was subscribed by 0.95 times i.e. for 8,64.000 Equity Shares. Total number of
shares allotted in this category is 8.64.000 Equity Shares to 288 successful applicants.
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 this Category |
% to Total |
Proportionate shares available |
Allocation
per Applicant (before rounding off) |
Allocation
per Applicant (after rounding off) |
Ratio of allottees to applicants
RATI01 |
Ratio of allottees to applicants
RATIO 2 |
Number of successful applicants (after rounding
off) |
Total no. of Shares Allocated'
allotted |
No. of Shares Surplus, Deficit |
| 3,000 |
288 |
100.00 |
8,64,000 |
100.00 |
9,12,000 |
3000 |
3000 |
1 |
1 |
288 |
8,64,000 |
48000 |
| TOTAL |
288 |
100.00 |
8,64,000 |
100.00 |
9.12.000 |
3000 |
3000 |
1 |
1 |
288 |
8,64,000 |
48000* |
* The Unsubscribed portion of 48000 shares in retail category has been
allocated to Non retail Category.
C) Allocation to Other than Retail Individual Investors (After Technical
Rejections & Withdrawal): The Basis of Allotment to Other than Retail
Individual Investors, at the issue price of Rs.39 per Equrty Share, was finalized in
consultation with BSE. The category was subscribed by 1.42 times i.e. for 12.99.000 shares
the total number of shares allotted in this category is 9.60.000 Equity Shares to 26
successful applicants. 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 this
Category |
% to Total |
Proportionate shares available |
Allocation
per Applicant (before rounding off) |
Allocation
per Applicant (after rounding off) |
Ratio of allottees to applicants:
RATI01 |
Ratio of allottees to applicants:
RATIO 2 |
Number of successful applicants
(after rounding off) |
Total no. of Shares Allocated'
allotted |
No. of Shares Surplus, Deficit |
| 6000 |
5 |
19.23 |
30000 |
2.31 |
22171 |
4434.18 |
3000 |
1 |
1 |
5 |
15000 |
(7171) |
| 6000 |
|
|
|
|
|
|
3000 |
2 |
5 |
|
6000 |
6000 |
| 9000 |
3 |
11.54 |
27000 |
2.08 |
19954 |
6651.27 |
6000 |
1 |
1 |
3 |
18000 |
(1954) |
| 12000 |
1 |
3.36 |
12000 |
0.92 |
8868 |
8868.36 |
9000 |
1 |
1 |
1 |
9000 |
132 |
| 18000 |
1 |
3.85 |
18000 |
1.39 |
13303 |
13302.54 |
12000 |
1 |
1 |
1 |
12000 |
(1303) |
| 21000 |
1 |
3.85 |
21000 |
1.62 |
15520 |
15519.63 |
15000 |
1 |
1 |
1 |
15000 |
(520) |
| 27000 |
1 |
3.85 |
27000 |
2.08 |
19954 |
19953.81 |
21000 |
1 |
1 |
1 |
21000 |
1046 |
| 33000 |
2 |
7.69 |
66000 |
5.08 |
48776 |
24387.99 |
24000 |
1 |
1 |
2 |
48000 |
(776) |
| 36000 |
1 |
3.85 |
36000 |
2.77 |
26605 |
26605.08 |
27000 |
1 |
1 |
1 |
27000 |
395 |
| 39000 |
1 |
3.85 |
39000 |
3.00 |
28822 |
28822.17 |
30000 |
1 |
1 |
1 |
30000 |
1178 |
| 45000 |
2 |
7.69 |
90000 |
6.93 |
66513 |
33256 35 |
33000 |
1 |
1 |
2 |
66000 |
(513) |
| 51000 |
3 |
11.54 |
153000 |
11.78 |
113072 |
37690.53 |
36000 |
1 |
1 |
3 |
108000 |
(5072) |
| 51000 |
|
|
|
|
|
|
3000 |
2 |
3 |
|
6000 |
6000 |
| 60000 |
1 |
3.85 |
60000 |
4.62 |
44342 |
44341.80 |
45000 |
1 |
1 |
1 |
45000 |
658 |
| 81000 |
1 |
3.85 |
81000 |
6.24 |
59861 |
59861.43 |
60000 |
1 |
1 |
1 |
60000 |
139 |
| 102000 |
1 |
3.85 |
102000 |
7.85 |
75381 |
75381.06 |
75000 |
1 |
1 |
1 |
75000 |
(381) |
| 129000 |
1 |
3.85 |
129000 |
9.93 |
95335 |
95334.87 |
90000 |
1 |
1 |
1 |
96000 |
665 |
| 408000 |
1 |
3.85 |
408000 |
31.41 |
301523 |
301524.25 |
303000 |
1 |
1 |
1 |
303000 |
1477 |
| TOTAL |
26 |
100.00 |
12,99.000 |
100.00 |
9.60.000 |
|
|
|
|
26 |
9.60.000 |
0 |
The Board of Directors of the Company at its meeting held on April 09.
2016 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 and allotment advice and/a notices are being dispatched to the address of the
Applicants as registered with the depositories, as filled in the application form on or
about 12 April. 2016. Further, the instructions to Self Certified Syndicate Banks for
unblocking the amount have been issued on 11 April. 2016. 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. In case the same is not
receiwd within prescribed time, investors may contact the registrar to the Issue at the
address given below. The Company is taking steps to get the Equity Shares admitted for
trading on the SME Plattorm of BSE Limited within six 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 March 14,2016 ('Prospectus*).
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website
of the 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
quotinng 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
E2 Ansa Industrial Estate. Sakivihar Road. Sakinaka. Andheri East. Mumbai - 400072.
Maharashtra. India.
Tel: +91 22 40430200: Fax: +91 22 28475201:
E mail: ipo@bigshareonline.com:
Investor Grievance Email: investor@bigshareonline.com: Website:
www.bigshareonline.com
Contact Person: Mr. Ashok Shetty: SEBI Registration No.:
MBINR000001385
Place : Jaipur
Date : April 11. 2016 |
For RAGHAV RAMMING MASS LIMITED
On behafl ol Board ol Directors
Mr. Rajesh Kabra
Managing Director |
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DRHP
