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YASH CHEMEX LIMITED
Our Company was originally incorporated on June 03,2006 at Ahmedabad as 'Yash
Chemex Private Limited' under the provisions of the Companies Act, 1956 with the
Registrar of Companies, Gujarat Dadra and Nagar Havelli vide Certificate of Incorporation
bearing Corporate Identification Number U24119GJ2006PTC048385. 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 January 15,2016 and the name of our
Company was changed to 'Yash Chemex Limited'. A fresh Certificate of
Incorporation consequent upon conversion to public limited company was issued by the RoC
on February 15,2016. The Corporate Identification Number of our Company is
U24119GJ2006PLC048385. For details of incorporation, the change of Name and Registered
Office of our Company, please refer to the chapter titled 'General Information'
and 'Our History and Certain Other Corporate Matters' beginning on page 53 and
160 respectively of the Prospectus.
Registered Office: 411, Sigma Icon -1,132ft Ring Road,
Opp. Medilink Hospital, Satellite, Ahmedabad - 380015, Gujarat. Tel No.: 079-26730257/58;
Fax No.: 079-26730258; E-mail: cs@yashchemex.com;
Website: www.yashchemex.com Corporate
Identification Number: U24119GJ2006PLC048385; Contact Person: Aarefa Dudhwala,
Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY - PRITESH SHAH, YASHWANTLAL SHAH AND YASHVANT SHAH HUF
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 10,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY
SHARES') OF YASH CHEMAX LIMITED (THE 'COMPANY' OR THE 'ISSUER')
FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 13 PER
EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 251.16 LAKHS ('THE
ISSUE'), OF WHICH 60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A
PRICE OF RS. 23 PER EQUITY SHARE, AGGREGATING RS. 13.80 LAKHS 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 10,32,000
EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE,
AGGREGATING RS. 237.36 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE
ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.65% AND 25.19% RESPECTIVELY OF THE FULLY
DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 01,2016 and as per Regulation 43(4) of SEBI (ICDR)
Regulations, 2009 wherein
a) a minimum of 50% of the Net Offer to Public shall initially be made available to Retail
Individual Investors.
b) the balance net offer of shares to the public shall be made available for allotment to
i) individual applicants other than retail investors and ii) other investors including
corporate bodies / institutions irrespective of no.of shares applied for.
c) the unsubscribed portion of the net offer to any one of the categories specified in (a)
or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the
retail individual investor is entitled to more than fifty percent, on proportionate basis,
the retail individual investors shall be allocated that higher percentage. All Investors
have participated in this offer through ASBA process. For details in this regards,
specific attention is invited to chapter 'Issue Procedure' on page 268 of the
Prospectus.
THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS
RS. 23.00. THE ISSUE PRICE IS 2.3 TIMES OF THE FACE VALUE ISSUE OPENED ON JUNE 07, 2016
AND CLOSED ON JUNE 10, 2016.
The Equity Shares offered through the Prospectus are proposed to be listed on the SME
platform of BSE Limited ('BSE') ('BSE SME') in terms of the chapter XB
of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not
required to obtain an in-principle approval for the shares being offered in this Issue.
However, the Company has received an approval letter dated May 03,2016 from BSE for using
its name in the Prospectus for listing of our Shares on BSE SME. The designated stock
exchange is BSE SME.
SUBSCRIPTION DETAILS
The Issue has received 241 applications for 21,24,000 Equity shares (Before Technical
Rejections) (including Market Maker Application of 60,000 Equity Shares) resulting 1.95
times subscription. After considering, Technical Rejection cases, the issue was subscribed
1.91 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
| Market Maker |
1 |
60,000 |
1.00 |
| Other than Retail Individual Investors |
21 |
7,50,000 |
1.45 |
| Retail Individual Investors |
219 |
13,14,000 |
2.55 |
| TOTAL |
241 |
21,24,000 |
1.95 |
The details of applications rejected by the Registrar on technical
grounds are detailed below:
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
| Market Maker |
0 |
0 |
| Other than Retail Individual Investors |
2 |
24,000 |
| Retail Individual Investors |
3 |
18,000 |
| TOTAL |
5 |
42,000 |
Detail of the Applications Received (After Technical Rejection):
| CATEGORY |
NUMBER OF APPLICATIONS |
NUMBER OF EQUITY SHARES |
SUBSCRIPTION |
REVISED SUBSCRIPTION |
| Market Maker |
1 |
60,000 |
1.00 |
1.00 |
| Other than Retail Individual Investors |
19 |
7,26,000 |
1.41 |
1.98 |
| Retail Individual Investors |
216 |
12,96,000 |
2.51 |
1.95 |
| TOTAL |
236 |
20,82,000 |
1.91 |
1.91 |
ALLOCATION: The Basis of Allotment was finalized in consultation
with the Designated Stock Exchange - BSE on June 15,2016.
A. Allocation to Market Maker (After Technical Rejections): The
Basis of Allotment to the Market Maker, at the issue price of Rs. 23/- per Equity Share,
was finalized in consultation with BSE. The category was subscribed by 1.00 times. The
total number of shares allotted in this category is 60,000 Equity shares in full out of
reserved portion of 60,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical
Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue
price of Rs. 23/-per Equity Share, was finalized in consultation with BSE. The category
was subscribed by 1.95 times. Total number of shares allotted in this category is 6,66,000
Equity Shares. The category wise basis of allotment is as under:
| No.of Shares Applied for (Category wise) |
No.of Applications received |
%
to
Total |
Total No.of Equity Shares applied |
%
to Total |
Proportionate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to the Applicants |
Total No.of Equity Shares allotted |
Surplus / (Deficit) |
| 6,000 |
216 |
100 |
12,96,000 |
100 |
6,66,000 |
3,083.33 |
6,000 |
37:72 |
6,66,000 |
0 |
| TOTAL |
216 |
100 |
12,96,000 |
|
6,66,000 |
|
|
|
6,66,000 |
|
C. Allocation to Other than Retail Individual
Investor (After Technical Rejection): The Basis of Allotment to other than Retail
Individual Investors, at the issue price of Rs 23/- per Equity Share, was finalized in
consultation with BSE. The category was subscribed by 1.98 times. Total number of shares
allotted in this category is 3,66,000 Equity Shares. The category wise basis of allotment
is as under:
| No. of Shares Applied for (Category wise) |
No.of Applications received |
%
to
total |
Total No.of Equity Shares applied |
%
to
Total |
Proportionate Shares Available |
Allocation per Applicant (Before Rounding Off) |
Allocation per Applicant (After Rounding Off) |
Ratio of Allottees to the Applicants |
Total No.of Equity Shares allotted |
Surplus / (Deficit) |
| 12,000 |
7 |
36.84 |
84,000 |
11.57 |
42,347 |
6,049.59 |
6,000 |
1:1 |
42,000 |
(347) |
| 18,000 |
4 |
21.05 |
72,000 |
9.92 |
36,298 |
9,074.38 |
6,000 |
1:1 |
24,000 |
(12,298) |
|
6,000 |
1:2 |
12,000 |
12,000 |
| 24,000 |
4 |
21.05 |
96,000 |
13.22 |
48,397 |
12,099.17 |
12,000 |
1:1 |
48,000 |
(397) |
| 42,000 |
1 |
5.26 |
42,000 |
5.79 |
21,174 |
21,173.55 |
24,000 |
1:1 |
24,000 |
2,826 |
| 1,08,000 |
2 |
10.53 |
2,16,000 |
29.75 |
1,08,893 |
54,446.28 |
54,000 |
1:1 |
1,08,000 |
(893) |
| 2,16,000 |
1 |
5.26 |
2,16,000 |
29.75 |
1,08,891 |
1,08,892.56 |
1,08,000 |
1:1 |
1,08,000 |
(891) |
| TOTAL |
19 |
100 |
7,26,000 |
100 |
3,66,000 |
|
|
|
3,66,000 |
|
The Board of Directors of the Company at its meeting held on June 16,
2016 has taken on record the Basis of Allocation of Equity Shares approved by the
Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares
in dematerialized form to various successful applicants. The CAN and allotment advice
and/or notices are being dispatched to the address of the Applicants as registered with
the depositories / as filled in the application form on or before June 17,2016. Further,
the instructions to SCSBs have been issued on June 16,2016 for unblocking of funds. 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 received 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 Platform of BSE within six working days from the
date of the closure of the Issue.
The trading is proposed to commence on or before June 20,2016 subject to receipt of
listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to
the Issue at www.bigshareonline.com. All
future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:
BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-40430200; Fax: +91-22-28475207;
Email: ipo@bigshareonline.com; Website:
www.bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No: INR000001385
Date: 16.06.2016
Place: Ahmedabad, Gujarat |
For Yash Chemex Limited
On behalf of the Board of Directors
Sd/-
Yashwantlal Shah
Chairman & Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF YASH CHEMEX LIMITED.
Note: All capitalized terms used and not defined herein shall have the
respective meanings assigned to them in the Prospectus. |
RHP
