SINTERCOM INDIA LIMITED
Corporate Identity Number: U29299PN2007PLC129627
Our Company was originally incorporated on February 22,2007 as a private limited
company under the Companies Act, 1956 in the state of Maharashtra as 'Maxtech Victora
India Private Limited' vide Certificate of Incorporation issued by the Registrar of
Companies, Maharashtra. Subsequently, the name of our Company was changed to 'Maxtech
Sintered Product Private Limited' vide fresh Certificate of Incorporation Consequent Upon
Change of Name dated June 15,2007 issued by Registrar of Companies, Maharashtra. Pursuant
to a special resolution passed by the shareholders of our Company at the extra-ordinary
general meeting held on April 3,2012, the name of our Company was further changed to
'Sintercom India Private Limited' and a Fresh Certificate of Incorporation
Consequent Upon Change of Name dated April 26,2012 was issued by Registrar of Companies,
Maharashtra. Thereafter, the shareholders of our Company have vide special resolution
passed at the extra-ordinary general meeting held on November 2,2017, approved the
conversion of our Company from private limited company to a public limited company and
vide Fresh Certificate of Incorporation Consequent upon Conversion from Private Company to
Public Company dated November 16,2017 issued by the Registrar of Companies, Maharashtra
and the name of our Company was changed to 'Sintercom India Limited'. The Corporate
Identification Number (CIN) of our Company is U29299PN2007PLC129627. For details of
incorporation, change of name and registered office of our Company, please refer to
chapter titled 'General Information' and 'History and Certain Corporate
Matters' beginning on page 54 and 132 respectively of the Prospectus ('Prospectus').
Registered Office: Gat No. 127, At Post Mangrul, Taluka Maval,
Talegaon Dabhade, Pune - 410 507, Maharashtra, India. Tel No.: +91 2114
661200; Facsimile: +91 2114 661202;
E-mail: investor@sintercom.co.in;
Website: www.sintercom.co.in; Contact
Person: Anuja Joshi, Company Secretary and Compliance Officer; E-mail: ajoshi@sintercom.co.in
PROMOTERS OF OUR COMPANY: JIGNESH RAVAL, BRN INDUSTRIES LIMITED
AND MIBA SINTER HOLDING GMBH & CO. KG
BASIS OF ALLOTMENT
Our Company had filed the Prospectus with the Registrar of Companies, Pune and the
Equity Shares are proposed to be listed on the EMERGE Platform of National Stock Exchange
of India Limited ('NSE') and the trading is expected to commence on or about
February 15,2018.
INITIAL PUBLIC OFFER OF UPTO 65,46,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH
('EQUITY SHARES') OF SINTERCOM INDIA LIMITED ('COMPANY' OR
'ISSUER') FOR CASH AT A PRICE OF RS 65/-PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS 55/- PER EQUITY SHARE) AGGREGATING UPTO RS 4,254.90 LAKHS (THE
'OFFER') CONSISTING OF A FRESH ISSUE OF 30,16,000 EQUITYSHARES AGGREGATING UPTO
RS 1,960.40 LAKHS ('FRESH ISSUE') AND AN OFFER FOR SALE OF UPTO 35,30,000 EQUITY
SHARES INCLUDING UP T0 10,31,213 EQUITY SHARES BY VICTORA STOCK-INVEST PRIVATE LIMITED AND
UPTO 24,98,787 EQUITY SHARES BY MAURILL INDUSTRIES LIMITED ('THE SELLING
SHAREHOLDERS') AGGREGATING UPTO RS 2,294.50 LAKHS ('OFFER FOR SALE'). THE
OFFER INCLUDES A RESERVATION OF UPTO 50,000 EQUITY SHARES OF FACE VALUE RS 10/-EACH AT A
PRICE OF RS 65/- PER EQUITY SHARE AGGREGATING TO RS 32.50 LAKHS FOR SUBSCRIPTION BY
ELIGIBLE EMPLOYEES ('EMPLOYEE RESERVATION PORTION') AND RESERVATION OF UPTO
3,34,000 EQUITY SHARES OF FACE VALUE RS 10/- EACH AT A PRICE OF RS 65/- PER EQUITY SHARE
AGGREGATING RS 217.10 LAKHS FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE
'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS EMPLOYEE RESERVATION PORTION
AND MARKET MAKER RESERVATION PORTION I.E. NET OFFER OF 61,62,000 EQUITY SHARES OF FACE
VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 65/- PER EQUITY SHARE, AGGREGATING RS
4,005.30 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET OFFER'. THE OFFER AND THE
NET OFFER WILL CONSTITUTE 27.07% AND 25.45% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY
SHARE CAPITAL OF OUR COMPANY.
The Company has undertaken in consultation with the BRLM, a private placement of
20,00,000 Equity Shares for cash consideration aggregating Rs 1400.00 Lakhs ('PrelPO
Placement'). The size of the Offer and Fresh Issue as disclosed in the Draft Red
Hearing Prospectus dated January 08,2018 being 85,46,000 Equity Shares and 50,16,000
Equity Shares respectively has been reduced accordingly.
THE OFFER 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 ('SEBI (ICDR) REGULATIONS') READ WITH RULE 19(2)(b)(i) OF
SECURITIES CONTRACT (REGULATION) ACT, 1957 ('SCRR'). FOR FURTHER DETAILS PLEASE
REFER THE SECTION TITLED 'OFFER INFORMATION' BEGINNING ON PAGE 211 OF THE RED HERRING
PROSPECTUS.
THE OFFER PRICE : RS 65/- PER EQUITY SHARE OF FACE VALUE OF RS 10
EACH
THE OFFER PRICE IS 6.5 TIMES OF THE FACE VALUE
Risks to Investors:
i. This being the first public issue of our Company, there has been no formal market
for the Equity Shares. The face value of the Equity Shares is Rs 10 each. The Floor Price
is 6.3 times the face value and the Cap Price is 6.5 times the face value. The Offer Price
(determined and justified by our Company and Selling Shareholders in consultation with the
BRLM as stated in 'Basis for Offer Price' on page 91) should not be taken to be
indicative of the market price of the Equity Shares after the Equity Shares are listed on
NSE EMERGE. No assuarance can be given regarding an active or sustained trading in the
Equity Shares or regarding the price at which the Equity Shares will be traded after
listing.
ii. As on date of the Prospectus the average cost of acquisition per Equity Share by our
Promoters, viz. Jignesh Raval is Rs 16, BRN Industries Limited is Rs 16 and Miba Sinter
Holding GmbH & Co. KG is Rs 31.87.
BID/OFFER PROGRAMME:
BID/OFFER OPENED ON: MONDAY, FEBRUARY 05,2018
BID/OFFER CLOSED ON: WEDNESDAY, FEBRUARY 07,2018
THE ANCHOR INVESTOR BID/OFFER PERIOD WAS FRIDAY, FEBRUARY 02,2018
In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957,
as amended (the 'SCRR') the Offer was made for at least 25% of the
post-Offer paid-up Equity Share capital of our Company. The Offer was made through the
Book Building Process, in compliance with the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended the ('SEBI
ICDR Regulations') wherein 49.92% of the Net Offer was allocated on a
proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB
Category'), provided that our Company and Selling Shareholders, in consultation
with the BRLM, allocated up to 60% of the QIB Category to Anchor Investors, on a
discretionary basis (the 'Anchor Investor Portion'), of which one-third
was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic
Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category
(excluding the Anchor Investor Portion) was available for allocation on a proportionate
basis to Mutual Funds only and the remainder was available for allocation on a
proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received
from them at or above the Offer Price. Further, not less than 15% of the Net Offer will be
available for allocation on a proportionate basis to Non-Institutional Investors and not
less than 35% of the Net Offer was available for allocation to Retail Individual
Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being
received at or above the Offer Price. All investors (except Anchor Investors) shall
participate in this Offer mandatorily through the Applications Supported by Blocked Amount
('ASBA') process by providing details of their respective bank accounts
which will be blocked by SCSBs. For details, see 'Offer Procedure' on page 225
of the Prospectus.
The Offer received 17,708 applications for 244,228,000 Equity Shares as per the bid book
resulting in 37.31 times subscription as disclosed in Prospectus. The details of the
applications received in the Offer from Retail Individual Bidders, Non-Institutional
Bidders. QIBs and Employee reservation portion are as under (before technical rejections):
Sr. No. |
Category |
No. of
Applications |
No. of Equity
Shares |
Equity Shares
Reserved |
No. of times
Subscribed |
Amount
(in Rs) |
A |
Retail Individual Investors |
17,426 |
34,852,000 |
21,64,000 |
16.11 |
2,265,440,000.00 |
B |
Non Institutional Investors |
169 |
186,368,000 |
9,28,000 |
200.83 |
12,113,920,000.00 |
C |
Qualified Institutional Buyers (Excluding Anchor Investors) |
11 |
17,858,000 |
12,30,000 |
14.52 |
1,160,770,000.00 |
D |
Anchor Investors |
3 |
46,20,000 |
18,40,000 |
2.51 |
300,300,000.00 |
E |
Employee Bidders |
98 |
1,96,000 |
50,000 |
3.92 |
12,740,000.00 |
F |
Market Maker |
1 |
3,34,000 |
3,34,000 |
1.00 |
21,710,000.00 |
|
Total |
17,708 |
244,228,000 |
65,46,000 |
37.31 |
15,574,580,000.00 |
Final Demand
Asummary of the final demand as per the NSE as on the Bid/Offer Closing Date at different
Bid prices is as under:
Sr. No. |
Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % of Total |
1 |
63.00 |
52,000 |
0.02 |
52,000 |
0.02 |
2 |
64.00 |
14,000 |
0.01 |
66,000 |
0.03 |
3 |
65.00 |
227,826,000 |
94.23 |
227,892,000 |
94.26 |
4 |
CUTOFF |
13,882,000 |
5.74 |
241,774,000 |
100.00 |
|
TOTAL |
241,774,000 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being NSE on February 12,2018.
A. Allotment to Retail Individual Investors (After Technical Rejections)(including ASBA
Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the
Offer Price of Rs 65/- per Equity Share, was finalized in consultation with the NSE. This
category has been subscribed to the extent of 15.97 times. The total number of Equity
Shares Allotted in Retail Individual Bidders category is 2,170,000 Equity Shares to 1085
successful applicants. The category-wise details of the Basis of Allotment are as under:
Note:There were 4 applications for 8,000 Equity Shares bidded by Eligible
Employees in Retail Category, these applications were part of Eligible Employee List.
Hence, these applications have been shifted to Employee Category.Further, there were 98
applications for 196,000 Equity Shares bided by Retail in Employee Category, these
applications were not part of Eligible Employee List. Hence, these applications have been
shifted to Retail Category.
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
2000 |
17332 |
100.00 |
34,664,000 |
100.00 |
2000 |
25:399 |
2,170,000* |
*including spill-over of 6,000 Equity Shares from Employee Category
B. Allotment to Non Institutional Investors (After Technical Rejections) (including
ASBA Applications)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price
of Rs 65/- per Equity Share or above, was finalized in consultation with the NSE. This
category has been subscribed to the extent of 200.37 times. The total number of Equity
Shares allotted in this category is 930,000 Equity Shares to 79 successful applicants. The
category-wise details of the Basis of Allotment are as under:
Note: There were 5 applications for 28,000 Equity Shares bided by
Eligible Employees in Nil Category, these applications were part of Eligible Employee
List. Hence, these applications have been shifted to Employee Category.
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted* |
4000 |
22 |
13.41 |
88000 |
0.05 |
2000 |
0:22 |
0 |
6000 |
7 |
4.27 |
42000 |
0.02 |
2000 |
0:77 |
0 |
8000 |
6 |
3.66 |
48000 |
0.03 |
2000 |
0:6 |
0 |
10000 |
2 |
1.22 |
20000 |
0.01 |
2000 |
0:2 |
0 |
12000 |
8 |
4.88 |
96000 |
0.05 |
2000 |
0:8 |
0 |
14000 |
11 |
6.71 |
154000 |
0.08 |
2000 |
0:11 |
0 |
16000 |
1 |
0.61 |
16000 |
0.01 |
2000 |
0:1 |
0 |
18000 |
2 |
1.22 |
36000 |
0.02 |
2000 |
0:2 |
0 |
20000 |
3 |
1.83 |
60000 |
0.03 |
2000 |
0:3 |
0 |
22000 |
2 |
1.22 |
44000 |
0.02 |
2000 |
0:2 |
0 |
24000 |
1 |
0.61 |
24000 |
0.01 |
2000 |
0:1 |
0 |
26000 |
2 |
1.22 |
52000 |
0.03 |
2000 |
0:2 |
0 |
30000 |
1 |
0.61 |
30000 |
0.02 |
2000 |
0:1 |
0 |
40000 |
1 |
0.61 |
40000 |
0.02 |
2000 |
0:1 |
0 |
56000 |
1 |
0.61 |
56000 |
0.03 |
2000 |
0:1 |
0 |
64000 |
1 |
0.61 |
64000 |
0.03 |
2000 |
0:1 |
0 |
78000 |
3 |
1.83 |
234000 |
0.13 |
2000 |
1:3 |
2000 |
80000 |
1 |
0.61 |
80000 |
0.04 |
2000 |
0:1 |
0 |
90000 |
1 |
0.61 |
90000 |
0.05 |
2000 |
0:1 |
0 |
92000 |
1 |
0.61 |
92000 |
0.05 |
2000 |
0:1 |
0 |
106000 |
1 |
0.61 |
106000 |
0.06 |
2000 |
0:1 |
0 |
110000 |
1 |
0.61 |
110000 |
0.06 |
2000 |
0:1 |
0 |
136000 |
1 |
0.61 |
136000 |
0.07 |
2000 |
0:1 |
0 |
138000 |
2 |
1.22 |
276000 |
0.15 |
2000 |
1:2 |
2000 |
140000 |
1 |
0.61 |
140000 |
0.08 |
2000 |
0:1 |
0 |
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted* |
148000 |
1 |
0.61 |
148000 |
0.08 |
2000 |
0:1 |
0 |
154000 |
1 |
0.61 |
154000 |
0.08 |
2000 |
0:1 |
0 |
174000 |
1 |
0.61 |
174000 |
0.09 |
2000 |
1:1 |
2000 |
182000 |
1 |
0.61 |
182000 |
0.10 |
2000 |
1:1 |
2000 |
186000 |
1 |
0.61 |
186000 |
0.10 |
2000 |
1:1 |
2000 |
192000 |
1 |
0.61 |
192000 |
0.10 |
2000 |
1:1 |
2000 |
194000 |
1 |
0.61 |
194000 |
0.10 |
2000 |
1:1 |
2000 |
200000 |
2 |
1.22 |
400000 |
0.21 |
2000 |
1:2 |
2000 |
202000 |
1 |
0.61 |
202000 |
0.11 |
2000 |
1:1 |
2000 |
206000 |
2 |
1.22 |
412000 |
0.22 |
2000 |
1:2 |
2000 |
208000 |
1 |
0.61 |
208000 |
0.11 |
2000 |
1:1 |
2000 |
210000 |
1 |
0.61 |
210000 |
0.11 |
2000 |
1:1 |
2000 |
212000 |
1 |
0.61 |
212000 |
0.11 |
2000 |
1:1 |
2000 |
214000 |
1 |
0.61 |
214000 |
0.11 |
2000 |
1:1 |
2000 |
216000 |
1 |
0.61 |
216000 |
0.12 |
2000 |
1:1 |
2000 |
272000 |
1 |
0.61 |
272000 |
0.15 |
2000 |
1:1 |
2000 |
274000 |
1 |
0.61 |
274000 |
0.15 |
2000 |
1:1 |
2000 |
276000 |
1 |
0.61 |
276000 |
0.15 |
2000 |
1:1 |
2000 |
278000 |
1 |
0.61 |
278000 |
0.15 |
2000 |
1:1 |
2000 |
400000 |
1 |
0.61 |
400000 |
0.21 |
2000 |
1:1 |
2000 |
442000 |
1 |
0.61 |
442000 |
0.24 |
2000 |
1:1 |
2000 |
454000 |
1 |
0.61 |
454000 |
0.24 |
2000 |
1:1 |
2000 |
456000 |
1 |
0.61 |
456000 |
0.24 |
2000 |
1:1 |
2000 |
464000 |
1 |
0.61 |
464000 |
0.25 |
2000 |
1:1 |
2000 |
538000 |
1 |
0.61 |
538000 |
0.29 |
2000 |
1:1 |
2000 |
540000 |
1 |
0.61 |
540000 |
0.29 |
2000 |
1:1 |
2000 |
542000 |
1 |
0.61 |
542000 |
0.29 |
2000 |
1:1 |
2000 |
768000 |
1 |
0.61 |
768000 |
0.41 |
2000 |
1:1 |
4000 |
770000 |
1 |
0.61 |
770000 |
0.41 |
2000 |
1:1 |
4000 |
844000 |
1 |
0.61 |
844000 |
0.45 |
4000 |
1:1 |
4000 |
846000 |
1 |
0.61 |
846000 |
0.45 |
4000 |
1:1 |
4000 |
848000 |
1 |
0.61 |
848000 |
0.46 |
4000 |
1:1 |
4000 |
1080000 |
1 |
0.61 |
1080000 |
0.58 |
4000 |
1:1 |
6000 |
1184000 |
1 |
0.61 |
1184000 |
0.64 |
6000 |
1:1 |
6000 |
1538000 |
1 |
0.61 |
1538000 |
0.83 |
8000 |
1:1 |
8000 |
1846000 |
3 |
1.83 |
5538000 |
2.97 |
8000 |
1:1 |
24000 |
2000 additional shares is allocated to
shareholders who had applied for 1,846,000 shares in the ratio of 2:3 |
4000 |
2160000 |
1 |
0.61 |
2160000 |
1.16 |
10000 |
1:1 |
10000 |
2306000 |
1 |
0.61 |
2306000 |
1.24 |
12000 |
1:1 |
12000 |
2400000 |
1 |
0.61 |
2400000 |
1.29 |
12000 |
1:1 |
12000 |
3076000 |
3 |
1.83 |
9228000 |
4.95 |
14000 |
1:1 |
42000 |
2000 additional shares is allocated to
shareholders who had applied for 30,76,000 shares in the ratio of 2:3 |
4000 |
3078000 |
2 |
1.22 |
6156000 |
3.30 |
14000 |
1:1 |
28000 |
2000 additional shares is allocated to
shareholders who had applied for 30,78,000 shares in the ratio of 1:2 |
2000 |
3384000 |
1 |
0.61 |
3384000 |
1.82 |
16000 |
1:1 |
16000 |
3538000 |
1 |
0.61 |
3538000 |
1.90 |
18000 |
1:1 |
18000 |
3846000 |
1 |
0.61 |
3846000 |
2.06 |
18000 |
1:1 |
18000 |
4306000 |
8 |
4.88 |
34448000 |
18.49 |
20000 |
1:1 |
160000 |
2000 additional shares is allocated to
shareholders who had applied for 43,06,000 shares in the ratio of 3:4 |
12000 |
4322000 |
22 |
13.41 |
95084000 |
51.03 |
20000 |
1:1 |
440000 |
2000 additional shares is allocated to
shareholders who had applied for 43,22,000 shares in the ratio of 17:22 |
34000 |
Total |
164 |
100.00 |
186340000 |
100.00 |
|
|
930000 |
*including spill over of 2,000 shares from Employee category.
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Offer Price of Rs 65 per Equity Share or above, has
been done on a proportionate basis in consultation with the NSE. This category has been
subscribed to the extent of 14.45 times of Net QIB portion. As per the SEBI Regulations,
Mutual Funds were to be allotted 5% of the Equity Shares of Net QIB portion available i.e.
61,800 Equity Shares but as no applications have been received for reserved category, no
allotment has been made and hence the total number of Equity Shares allotted in the QIB
category (including shares reserved for mutual funds) is 12,36,000 Equity Shares, which
were allotted to 11 successful Applicants.
CATEGORY |
FIS/BANKS |
Fll |
FPC |
MFS |
AIF |
NBFC |
ICS |
TOTAL* |
QIB |
- |
54,000 |
218,000 |
. |
5,28,000 |
436,000 |
- |
12,36,000 |
Unsubscnbed QIB MF portion of 61,800 Equity shares spilled over to Other QIB Category,
*including spill-over of 6,000 shares from Employee category.
D. Allotment to Anchor Investors
CATEGORY |
FIS/BANKS |
Fll |
FPC |
MF'S |
IC'S |
VC'S |
AIF |
TOTAL |
QIBs |
. |
9,20,000 |
9.20.000 |
- |
- |
- |
- |
18.40.000 |
The Company in consultation with the BRLMs has Allocated 18,40,000 Equity Shares to 2
Anchor Investors through 3 Applications at the Anchor Investor Offer Price of Rs 65
per Equity Shares in accordance with the SEBI Regulations. This represents 59.82% of the
QIB Category.
E. Allotment to Eligible Employee under Employee reservation (After Technical
Rejections) The Basis of Allotment to the Eligible Employees under Employee
reservation portion, who have bid at cut-off or at the Offer Price of Rs 65 per Equity
Share, was finalized in consultation with the NSE. This category has been subscribed to
the extent of 0.72 times. The total number of Equity Shares Allotted in Employee category
is 36,000 Equity Shares to 9 successful applicants.
The category-wise details of the Basis of Allotment are as under:
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
2000 |
4 |
44.44 |
8000 |
22.22 |
2000 |
1:1 |
8000 |
4000 |
1 |
11.11 |
4000 |
11.11 |
4000 |
1:1 |
4000 |
6000 |
4 |
44.44 |
24000 |
66.67 |
6000 |
1:1 |
24000 |
Total |
9 |
100.00 |
36000 |
100.00 |
36000 |
|
36000 |
Note: Under subscription portion of 2,000 equity shares has been spilled over to NII
and 6,000 equity shares to Retail category and QIB category each
F. Allotment to Market under Market maker reservation (After Technical Rejections)
The Basis of Allotment to the market maker under market maker reservation portion, who
have bid at cut-off or at the Offer Price of Rs 65 per Equity Share, was finalized
in consultation with the NSE. This category has been subscribed to the extent of 1.00
time. The total number of Equity Shares Allotted in Market Maker category is 3,34,000
Equity Shares to 1 successful applicant.
The category-wise details of the Basis of Allotment are as under:
Category |
No. of
Applications
Received |
% of
Total |
Total No. of
Equity Shares
applied |
% to
Total |
No. of Equity
Shares Allotted
per Applicant |
Ratio |
Total No. of
Equity Shares
Allotted |
3,34,000 |
1 |
100.00 |
3,34,000 |
100.00 |
3,34,000 |
1:1 |
3,34,000 |
The IPO Committee of our Company at its meeting held on February 13,2018 has taken on
record the basis of allotment of Equity Shares approved by the Designated Stock Exchange,
being NSE and has allotted the Equity Shares to various successful applicants. The
Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors
as registered with the depositories. Further, instructions to the SCSBs shall be
dispatched/mailed for unblocking of funds and transfer to the Public Offer Account on or
before February 13,2018. In case the same is not received within ten days, investors may
contact the Registrar to the Offer at the address given below. The Equity Shares allotted
to the successful allottees shall be uploaded on or before February 14,2018 for credit
into the respective beneficiary accounts subject to validation of the account details with
the depositories concerned. The Company is in the process of filing the Listing
application with NSE on or before February 14,2018. Our Company is taking steps to get the
Equity Shares admitted for trading on the NSE within 6 working days of the closure of the
Offer.
Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of Registrar to the
Offer, 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 Offer quoting full name of the First/ Sole applicant, Serial number of the ASBA form,
number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid
was submitted and payment details at the address given below:
LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, L.B.S. Marg, Vlkhroli (West), Mumbai -400 083, Maharashtra,
India.
Tel: +91 22 4918 6200; Fax: +91 22 4918 6195; Website:
www.linkintime.co.in; Email:
sintercom.ipo@linkintime.co.in
Investor Grievance Id: sintercom.ipo@linkintime.co.in;
Contact Person: Shanti Gopalkrishnan;
SEBI Registration Number: INR000004058
Place : Pune Date : February
13,2018 |
For SINTERCOM INDIA LIMITED
On behalf of the Board of Directors
Sd/-
Jignesh Raval
Managing Director |
|