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Sagardeep Alloys IPO Details

Issue Open May 4, 2016
Issue Close May 9, 2016
IPO Price ₹20
Face Value ₹10
IPO Size ₹6.00 Cr
Listing At NSE SME
IPO Lot Size 6000

SAGARDEEP ALLOYS LIMITED

CIN: U29253GJ2007PLC050007

Sagardeep Alloys Limited was Incorporated as 'Sagardeep Alloyes Private Limited'' on February 13, 2007 under the Companies Act 1956 with a Certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. Name of the Company was changed & modified to Sagardeep Alloys Private Limited and fresh certificate of incorporation was issued by Registrar of Companies on June 25.2009. Thereafter once again a fresh certificate of incorporation consequent upon change of name on conversion of the company to public limited company In the name of the ¦Sagardeep Alloys Limited' was granted by ROC on April 17,2012.

Registered Office: 205, Pittalaya Bumba, Nr. Madhuram Cinema. Gheekanta. Ahmedabad-380001. Gujarat
Tel No.: +91-79-2562 6304.2562 6535; Fax No.: +91-79-2562 6535 Email: secretary@sdalloys.com; Website: www.sdalloys.com; Company Secretary and Compliance Officer: Mr. Dileep Panchal

promoter of our company - mr. asamal s mehta, mr. satishkumar a mehta, mr. jayeshkumar a mehta and mr. harish a mehta

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 30.00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SAGARDEEP ALLOYS LIMITED (THE 'COMPANY OR THE 'ISSUER') FOR CASH AT A PRICE OF  RS 20 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE) (THE 'ISSUE PRICE'), AGGREGATING TO RS 600.00 LACS ('THE ISSUE'), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING TO RS 31.20 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28,44,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING TO RS 568.80 LACS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.36% AND 25.01% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 20 IS 2.0 TIMES OF THE FACE VALUE OF THE EQUITY SHARES,

ISSUE OPENED ON MAY 4, 2016 AND CLOSED ON MAY 9,2016

The Equity shares offered through this Prospectus are proposed to be listed on SME platform of the National Stock Exchange of India Limited (' NSE') ('NSE EMERGED'). Our Company has received an in-principle approval letter dated March 22. 2016 & April 5. 2016 from NSE for listing of our shares on the NSE EMERGE- For the purpose of the Issue, The Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading Is proposed to be commenced on or before May 17,2016*.

•Subject to receipt of listing and trading approvals from the NSE.

This Issue Is being made In terms of Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time As per Regulation 43(4) of the SEBl (ICDR) Regulations, as amended, since our is a fixed price issue 'the allocation' Is the net issue to the public category shall be made as follows:

a) Minimum fifty percent to retail Individual Investors; and

b) Remaining to other than retail individual Investors; and

c) The unsubscribed portion In either of the categories specified in (a| or (b) above may be allocated to The applicants in the other category.

All Investors shall participate in the Issue only 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 Net Issue has received 237 applications for 37.98.000 Equity Shares resulting in 1.266 times subscription. The details of the applications received In the Net Issue (beforo technical rejections & withdrawal) are as follows:

Detail of the Applications Received (Before technical rejections)

CATEGORY Before Technical Reactions S Withdrawals Alter Technical Rejections 4 Withdrawals
No. of Applications No. of Equity Shares Subscription (times) No. of Applications No. of Equity Shares Subscription (times)
Market Maker 1 1,56,000 1 1 1,56,000 1
Retail Individual Applicant 208 12,48,000 0.8776 203 12.18,000 0.8565
Non-Retail Applicant 28 23,94,000 1.6835 27 23.58,000 1.6582
Total 237 37.98.000 1.266 231 37,32.000 1.2440

Allocalion: The Basis of Allotment was finalised In consultation with the Designated Stock Exchange - NSE on May 12,2016.

A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with NSE The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1.56.000 Equity Shares.

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of  Rs 20 per Equity Share, was finalised In consultation with NSE. The total number of shares allocated in this category Is 12.16.000 Equity Shares. The category was subscribed by 0.8565 times.

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 Allocation per
Applicant
Ratio of Allottees
To the Applicant
Total No.
of Shares Allotted
6.000 203 100 12.18.000 100 6.000 1:1 12.18.000
Total 203 100 12.18.000 100 6.000 1:1 12,18,000

C) Allocation to other than Retail Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the other than Retail Investors, at the Issue Price of Rs 20 per Equity Share, was finalised in consultation with NSE. The total number of shares allocated In this category is 16.26.000 Equity Shares Including unsubscribed portion of Retail Individual Category) ( i.e, spill over of 2,04.000 Equity Shares from Retail Individual Category). The category was subsenbed by 1.4502 times The category-wise details of the Basis of Allotment are as under:

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 Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
18000 4 14.81 72000 3.05 12000 1:1 48000
24000 3 11.11 72000 3.05 18000 1:1 54000
30000 2 7.41 60000 2.54 18000 1:1 36000
36000 2 7.41 72000 3.05 24000 1:1 48000
42000 1 3.70 42000 1.78 30000 1:1 30000
48000 1 3.70 48000 2.04 36000 1:1 36000
60000 6 22.22 360000 15.27 42000 1:1 252000
78000 2 7.41 156000 6.62 54000 1:1 108000
90000 4 14.81 360000 15.27 60000* 1:1 246000
156000 1 3.70 156000 6.62 108000 1:1 108000
960000 1 3.70 960000 40.71 660000 1:1 660000
Total 27 100 00 2358000 100.00 1626000

*One of the four allottee, who was selected on the basis of draw was allotted 66.000 Equity Shares in this category.
The Board of Directors of the Company at Its meeting held on May 12,2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The Allotmeni/Refund advice and-/ or notices have been dispatched to the address of the Investors as registered with the depositors on May 14. 2016. Further the Instructions to Self Certified Syndicate Banks have been issued on May12 2016 for unblocking of funds The Equrty Shares allotted to successlul applicants have been credited to their beneficiary accounts subject to vacation of the account details with the depositories concerned by May 14.2016. In case the same is not received within prescribed time. Investors may contact the Registrar to the Issue at the address given below The Company has filed the listing application with NSE on May 13. 2016. The Company has received listing and trading approval from NSE and the trading will commence on May 17.2016,

Note; All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 25,2016 ('Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made has been hosted on the website of the Registrar to the Issue. Link Intime India Private Limited at Website: 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 Applicant. 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 given betow:

LINK INTIME INDIA PRIVATE LIMITED

C-13, Pannalal Silk Mills Compound, L.B.S Marg. Bhandup (West). Mumbai 400 078.
Tel: +91 - 22 -61715400; Fax: +91-22-25960329
Email: sal.ipo@linkintime.co.in; Investor Grievance Email: sal.ipo@linkintime.coin Website: www.linkintime.co.in
Contact Person: Ms Shanti Gopalkrishnan; SEBl Registration No. INR000004058

Place: Ahmedabad

Date : May 16. 2016

For SAGARDEEP ALLOYS LIMITED
On behalf of the Board of Directors
Sd
/-
Managing Director

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SAGAROEEP ALLOYS LIMITED.

Sagardeep Alloys IPO Basis of Allotment FAQs

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

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

Visit the Sagardeep Alloys IPO allotment status page to check the number of shares allocated to your application.

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