Issue Open | Jun 7, 2016 |
Issue Close | Jun 10, 2016 |
IPO Price | ₹23 |
Face Value | ₹10 |
IPO Size | ₹2.51 Cr |
Listing At | BSE SME |
IPO Lot Size | 6000 |
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 BASIS OF ALLOTMENT 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 applications rejected by the Registrar on technical grounds are detailed below:
Detail of the Applications Received (After Technical Rejection):
ALLOCATION: The Basis of Allotment was finalized in consultation
with the Designated Stock Exchange - BSE on June 15,2016.
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:
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. BIGSHARE SERVICES PRIVATE LIMITED
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. |
The Yash Chemex IPO basis of allotment (published above) tells you how shares are allocated to you in Yash Chemex IPO and category wise demand of IPO share.
Visit the Yash Chemex IPO allotment status page to check the number of shares allocated to your application.
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