Issue Open | Mar 31, 2016 |
Issue Close | Apr 6, 2016 |
IPO Price | ₹39 |
Face Value | ₹10 |
IPO Size | ₹7.49 Cr |
Listing At | BSE SME |
IPO Lot Size | 3000 |
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 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.
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*. 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:
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following tables givs us category wise net valid applicatons:
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.
* 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:
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. 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
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The Raghav Ramming IPO basis of allotment (published above) tells you how shares are allocated to you in Raghav Ramming IPO and category wise demand of IPO share.
Visit the Raghav Ramming IPO allotment status page to check the number of shares allocated to your application.
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