RMC Switchgears IPO Basis of Allotment

RMC SWITCHGEARS LIMITED

(Formerly known as RMC Switch Gears Limited)
Corporate Identity Number: - U27310RJ1994PLC008698

Our Company was originally incorporated on August 23,1994 as 'RFH METAL CASTINGS PRIVATE LIMITED' vide Registration no. 008698 (CIN U27310RJ1994PTC008698) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Rajasthan, Jaipur. Subsequently our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on December 12,2008 and the name of our Company was changed to 'RFH METAL CASTINGS LIMITED' vide a fresh Certificate of Incorporation dated December 29,2008 having (CIN U27310RJ1994PLC008698) issued by the Registrar of Companies, Rajasthan, Jaipur. Later vide Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on March 25,2009 and afresh Certificate of Incorporation dated March 30,2009 issued by the Registrar of Companies, Rajasthan, Jaipur the name of our Company was changed to 'RMC SWITCH GEARS LIMITED'. Further, Our Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on July 16,2016 and a fresh Certificate of Incorporation dated July 25,2016 issued by the Registrar of Companies, Rajasthan, Jaipur and the name of our Company was changed to 'RMC SWITCHGEARS LIMITED having (CIN U27310RJ1994PLC008698)'. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 113 of the Prospectus.

Registered Office: 7 KM. from Chaksu, Khotkawda Road, Village Badodiya, Tehsil Chaksu, Tonk Road, Jaipur-303901, Rajasthan, India Tel No: +91 -141-4031516, +91-141-2759678;
E-mail: cs@rmcindia.in, Website: www.rmcindia.in CONTACT PERSON: MS. PRIYANKA GATTANI, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTER OF OUR COMPANY: MR. ASHOK KUMAR AGARWAL, MR. ANKIT AGRAWAL & MRS. NEHA AGRAWAL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 15,36,000 EQUITY SHARES OF FACE VALUE OF RS10 EACH ('EQUITY SHARES') OF RMC SWITCHGEARS LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OFRS 17 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 414.72 LAKHS ('ISSUE') CONSISTING OF A FRESH ISSUE OF 7,68,000 EQUITY SHARES OF FACE VALUE OFRS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS ('ISSUE') AND 7,68,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS THROUGH AN OFFER FOR SALE BY MR. ANKIT AGRAWAL, MR. ASHOK KUMAR AGARWAL, MRS. PARWATIBAI AGARWAL, MRS. SANTOSH AGARWAL. MIS VITTHAL DAS AGRAWAL HUF, MIS ASHOK KUMAR AGARWAL HUF AND ARGENT LEASING & FINANCE PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 96.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 27 PER EQUITY SHARE, AGGREGATING TO RS 25.92 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 14,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 388.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.16% AND 28.28%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 219 OF THE PROSPECTUS THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME (THE 'SEBIICDR REGULATIONS').

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 27.00. THE ISSUE PRICE IS 2.7 TIMES OF THE FACE VALUE.
ISSUE OPENED ON TUESDAY. FEBRUARY 28, 2017 AND CLOSED ON FRIDAY. MARCH 03,2 017.
PROPOSED LISTING: MARCH 14,2017

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE SME'). 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 approval letter dated November 04, 2016 from BSE for using its name in offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ('BSE SME'). The trading is proposed to be commenced on or about March 14, 2017.*

* 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 3454 applications for 2,98,16,000 Equity Shares resulting in 19.41 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	NUMBER OF APPLICATIONS	%	NUMBER OF EQITY SHARES	%	SUBSCRIPTION (TIMES)
Market Makers	1	0.03	96,000	0.32	1.00
Retail Individual Investors	3289	95.22	1,31,58,000	44.12	18.27
Other than Retail Individual Investors	164	4.75	1,65,64,000	55.55	23.01
TOTAL	3454		2.98,16,000		19.41

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EOITY SHARES
Market Makers	--	--
Retail Individual Investors	56	2,24,000
Other than Retail Individual Investors	--
TOTAL	56	2,24,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

CATEGORY	NUMBER OF APPLICATIONS	%	Reserved Portion (as per Propectus)	% of Total Applied	SUBSCRIPTION (TIMES)
Market Maker	1	100	96,000	100	1.00
TOTAL	1	100	96,000	100	1.00

CATEGORY	NUMBER OF APPLICATIONS	%	Reserved Portion (as per Propectus)	Proportionate Offer Size (After rounding off)	No. of Valid Shares applied	% of Total Applied	SUBSCRIPTION (TIMES)
Retail Individual Investors	3233	95.17	7,20,000	7,20,000	1,29,32,000	43.84	17.96
Other Retail Individual Investors	164	4.83	7,20,000	7,20,000	1,65,64,000	56.16	23.01
TOTAL	3397	100	14,40,000	14,40,000	2,94,96,000	100	1.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 08,2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 27 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 96,000 Equity shares.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allo ttees to Appli Cant: Ratio 1	Ratio of Allo ttees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/Deficit
96,000	1	100.00	96,000	100.00	96,000	96,000	96,000	1	1	1	96,000	--
TOTAL	1	100.00	96,000	100.00	96,000					1	96,000	--

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 27 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 17.96 times i.e. for 1,29,32,000 Equity Shares. Total number of shares allotted in this category is 7,20,000 Equity Shares to 180 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allo ttees to Appli Cant: Ratio 1	Ratio of Allo ttees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/Deficit
4000	3233	100.00	1,29,32,000	100.00	7,20,000	222.70	4000.00	180	3233	180	7,20,000	0
TOTAL	3233	100.00	1,29,32.000	100.00	7,20,000					180	7,20,000	0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the offer price of Rs 27 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 23.01 times i.e. for 1,65,64,000 shares the total number of shares allotted in this category is 7,20,000 Equity Shares to 75 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allo ttees to Appli Cant: Ratio 1	Ratio of Allo ttees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/Deficit
8000	46	28.05	368000	2.22	15996	347.74	4000.00	2	23	4	16000	4
12000	13	7.93	156000	0.94	6781	521.62	4000.00	2	13	2	8000	1219
16000	7	4.27	112000	0.68	4868	695.43	4000.00	1	7	1	4000	-868
20000	8	4.88	160000	0.97	6955	869.38	4000.00	1	4	2	8000	1045
24000	5	3.05	120000	0.72	5216	1043.20	4000.00	1	5	1	4000	-1216
32000	7	4.27	224000	1.35	9737	1391.00	4000.00	2	7	2	8000	-1737
36000	10	6.10	360000	2.17	15648	1564.80	4000.00	2	5	4	16000	352
40000	6	3.66	240000	1.45	10432	1738.67	4000.00	1	3	2	8000	-2432
44000	1	0.61	44000	0.27	1913	1913.00	4000.00	1	1	1	4000	2087
48000	3	1.83	144000	0.87	6259	2086.33	4000.00	2	3	2	8000	1741
52000	4	2.44	208000	1.26	9041	2260.25	4000.00	1	2	2	8000	-1041
56000	3	1.83	168000	1.01	7303	2434.33	4000.00	2	3	2	8000	697
60000	1	0.61	60000	0.36	2608	2608.00	4000.00	1	1	1	4000	1392
64000	1	0.61	64000	0.39	2782	2782.00	4000.00	1	1	1	4000	1218
72000	4	2.44	288000	1.74	12519	3129.75	4000.00	3	4	3	12000	-519
76000	1	0.61	76000	0.46	3304	3304.00	4000.00	1	1	1	4000	696
80000	3	1.83	240000	1.45	10432	3477.33	4000.00	1	1	3	12000	1568
84000	2	1.22	168000	1.01	7303	3651.50	4000.00	1	1	2	8000	697
92000	3	1.83	276000	1.67	11997	3999.00	4000.00	1	1	3	12000	3
96000	1	0.61	96000	0.58	4173	4173.00	4000.00	1	1	1	4000	-173
108000	4	2.44	432000	2.61	18778	4694.50	4000.00	1	1	4	16000	-2778
112000	1	0.61	112000	0.68	4868	4868.00	4000.00	1	1	1	4000	-868
140000	1	0.61	140000	0.85	6085	6085.00	8000.00	1	1	1	8000	1915
144000	1	0.61	144000	0.87	6259	6259.00	8000.00	1	1	1	8000	1741
184000	3	1.83	552000	3.33	23994	7998.00	8000.00	1	1	3	24000	6
188000	1	0.61	188000	1.13	8172	8172.00	8000.00	1	1	1	8000	-172
192000	1	0.61	192000	1.16	8346	8346.00	8000.00	1	1	1	8000	-346
200000	2	1.22	400000	2.41	17387	8693.50	8000.00	1	1	2	16000	-1387
204000	1	0.61	204000	1.23	8867	8867.00	8000.00	1	1	1	8000	-867
208000	2	1.22	416000	2.51	18083	9041.50	8000.00	1	1	2	16000	-2083
212000	1	0.61	212000	1.28	9215	9215.00	8000.00	1	1	1	8000	-1215
240000	1	0.61	240000	1.45	10432	10432.00	12000.00	1	1	1	12000	1568
260000	1	0.61	260000	1.57	11302	11302.00	12000.00	1	1	1	12000	698
288000	1	0.61	288000	1.74	12519	12519.00	12000.00	1	1	1	12000	-519
320000	1	0.61	320000	1.93	13910	13910.00	12000.00	1	1	1	12000	-1910
364000	2	1.22	728000	4.40	31645	15822.50	16000.00	1	1	2	32000	355
372000	1	0.61	372000	2.25	16170	16170.00	16000.00	1	1	1	16000	-170
400000	1	0.61	400000	2.41	17387	17387.00	16000.00	1	1	1	16000	-1387
404000	1	0.61	404000	2.44	17561	17561.00	16000.00	1	1	1	16000	-1561
492000	1	0.61	492000	2.97	21386	21386.00	20000.00	1	1	1	20000	-1386
504000	1	0.61	504000	3.04	21908	21908.00	24000.00	1	1	1	24000	2092
528000	1	0.61	528000	3.19	22951	22951.00	24000.00	1	1	1	24000	1049
556000	1	0.61	556000	3.36	24168	24168.00	24000.00	1	1	1	24000	-168
588000	1	0.61	588000	3.55	25559	25559.00	24000.00	1	1	1	24000	-1559
1440000	3	1.83	4320000	26.07	187781	62593.67	64000.00	1	1	3	192000	4219
TOTAL	164	100	16564000	100	720000					75	720000	0

The Board of Directors of the Company at its meeting held on March 08,2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and at a meeting held on March 09,2017 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before March 10,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about March 09,2017 In case the same is not received within 10 days, investors may contact at the address given below. 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 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 February 20,2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Link Intime India Private Limited at www.linkintime.co.in. 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India. Tel. No.: +91 22 49186000, Fax No.: +91 22 49186060, Website: www.linkintime.co.in.
Email: rmc.ipo@linkintime.co.in Investor Grievance Email: rmc.ipo@linkintime.co.in Contact Person: Ms. Shanti Gopalkrishnan, SEBI Regn. No. INR000004058

Place: Jaipur Date: 09.03.2017	For RMC SWITCHGEARS LIMITED On behalf of Board of Directors Sd/- Mr. Ashok Kumar Agarwal Chairmen & Managing Director

RMC Switchgears IPO Basis of Allotment FAQs

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

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

Visit the RMC Switchgears IPO allotment status page to check the number of shares allocated to your application.

RMC Switchgears IPO Basis of Allotment

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