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ABHISHEK INTEGRATIONS LIMITED | |
(CIN:U74999GJ2017PLC099749) |
Our Company was incorporated as "Abhishek Integrations Limited" at Ahmedabad on November 10, 2017, under the provisions of the Companies Act, 2013 vide certificate of incorporation issued by Registrar of Companies, Central Registration Centre.
Registered office: Shop No. 8-Parulnagar Shopping Centre, Nr. Bhuyangdev Cross Road, Sola Road, Ghatlodia, Ahmedabad- 380061 (Gujarat) |
Website: www.abhishekintegrations.com | E-Mail: abhishekintegrationslimited@gmail.com | Telephone No: + 079- 27433369 Company Secretary and Compliance Officer: Ms. Hetal Karshanbhai Vaghela |
PROMOTER OF THE COMPANY: MR. SANJAY NARBADA DUBEY |
BASIS OF ALLOTMENT BASIS OF ALLOTMENT SME IPO (NSE EMERGE) |
PUBLIC ISSUE OF 9,90,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH OF ABHISHEK INTEGRATIONS LIMITED ("ABHISHEK" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 50 (THE "ISSUE PRICE") PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF Rs. 40 PER EQUITY SHARE) AGGREGATING TO Rs. 495.00 LAKH ("THE ISSUE"), OF WHICH 54,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 50 PER EQUITY SHARE INCLUDING A SHARF PREMIUM OF Rs. 40 PFR EQUITY SHARE AGGREGATING TO Rs. 27.00 LAKH WIII BE RESERVED FOR SUBSCRIPTION IN MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 9,36,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT A PRICE OF Rs. 50 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 40 PER EQUITY SHARE AGGREGATING TO Rs. 468,00 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 32.88% AND 31.09% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 01, 2021 and as per 253(2) of the SEBI (ICDR) Regulations, 2018 wherein allocation in the net offer to the public category shall be; (a) minimum of 50 % to Retail Individual Investors and (b) remaining to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.
Explanation: If the retail individual investor category is entitled to more than fifty per cent, of the Net issue size on a proportionate basis, the retail individual investors shall be allocated that higher percentage.
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH AND THE ISSUE PRICE IS Rs. 50 EACH INCLUDING |
A SHARE PREMIUM OF Rs. 40/- PER EQUITY SHARE. THE ISSUE PRICE IS 5 TIMES OF THE FACE VALUE. |
ISSUE WAS OPENED ON TUESDAY, JUNE 08, 2021 AND CLOSED ON FRIDAY, JUNE 11, 2021. |
The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Ltd. (NSE) In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received in principle approval letter dated May 27, 2021 from NSE for using its name in this offer document for listing our shares on the Emerge Platform of NSE. For the purpose of this Issue, the designated Stock Exchange is NSE.
SUBSCRIPTION DETAILS
Details of Applications:
The Issue has received 657 applications (before Technical Rejections but after removing 2,557 applications for 77,22,000 shares for which "bid filed but not banked) for 21,12,000 Equity Shares (Including Market Maker Application of 54,000 Equity Shares) resulting 2,1333 times subscription. The details of the applications received in the Issue (before Technical Rejections but after removing after removing 2,557 applications for 77,22,000 shares for which "bid filed but not banked) are as follows:
Details of the valid Applications Received (before Technical Rejections but after removing 83 applications for 2,49,000 shares for which "bid filed but not banked):
Category | Number of Applications | Number of Equity Shares | Subscription Ratio | |
Market Maker | 1 | 54,000 | 1,0000 Times | |
Non Retail Investors | 16 | 138.000 | 0,2949 Times | |
Retail Individual Investors | 640 | 1,920.000 | 4,1026 Times | |
Total | 657 | 2,112.000 | Overall | 2,1333 Times |
Total 28 applications for 84,000 shares in Retail Individual Investors Category were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.
ALLOCATION:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange NSE on June 16, 2021.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Market Maker, at the issue price of Rs. 50/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 1.000 time. The total number of shares allotted in this category is 54,000 Equity shares in full, out of reserved portion of 54,000 Equity Shares.
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. 50/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 4.1026 times (Before Technical Rejection). Total number of shares allotted in this category is 7,98,000 Equity Share 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 Applicant | Serial Number of Qualifying applicants | Number of Successful applicants (After Rounding Off) | % to Total | Total No. of Equity Shares allocated/ allotted | % to Total | Surplus/ (Deficit) |
3000 | 612 | 100.00 | 18,36,000 | 100.00 | 7,98,000 | 1303.92 | 3000 | 266:612 | As below | 266 | 100,00 | 7,98,000 | 100,00 | 0 |
Total | 612 | 100.00 | 18,36,000 | 100.00 | 7,98,000 | 266 | 100,00 | 7,98,000 | 100,00 | 0 |
Serial Number of Qualifying applicants -Retail Individual Investors:
1, 6, 11, 12, 13, 14, 16, 19, 26, 29, 31, 34, 35, 37, 41, 43, 45, 46, 50, 57, 58, 59 , , 63 , 64, 67, 68, 69, 70, 72, 73, 81, 83, 84, 85, 86, 87, 93, 94, 99, , 100, 102, 103, 108, 109, 110, 111, 115, 120, 124, 127, 128, 129, 131, 132, 134, 135, 138, 140, 141, 142, 144, 145, 147, 148, 149, 150, 153, 156, 158, 159, 160, 162, 169, 170, 172, 173, 177, 181, 183, 186, 188, 190, 191, 193, 194, 195, 199, 204, 206, 208, 209, 210, 211, 214, 215, 218, 223, 228, 229, 233, 234, 242, 245, 246, 249, 253, 254, 255, 256, 257, 258, 259, 260, 262, 263, 265, 269, 271, 274, 275, 277, 279, 281, 283, 287, 288, 292, 294, 296, 297, 298, 301, 302, 305, 311, 321, 323, 326, 327, 329, 330, 337, 338, 342, 346, 348, 353, 354, 356, 357, 358, 359, 367, 368, 371, 372, 373, 374, 377, 381, 384, 388, 391, 393, 394, 396, 398, 401, 406, 407, 409, 410, 411, 412, 418, 419, 420, 422, 426, 427, 429, 430, 431, 432, 435, 436, 437, 438, 440, 441, 443, 444, 448, 449, 452, 454, 455, 457, 458, 462, 463, 465, 467, 469, 473, 474, 475, 480, 481, 483, 487, 488, 490, 491, 493, 494, 496, 499, 502, 503, 504, 505, 506, 508, 510, 512, 513, 514, 517, 519, 526, 527, 528, 529, 530, 531, 533, 535, 542, 543, 544, 546, 551, 555, 556, 558, 559, 561, 563, 565, 573, 574, 579, 580, 581, 582, 583, 584, 585, 587, 588, 590, 598, 601, 608, 610
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 50/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.2949 times. Total number of shares allotted in this category is 1,38,000 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 Allottee's To Applicant | Serial Number of Qualifying applicants | Number of Successful applicants (After Rounding Off) | %to Total | Total No. of Equity Shares allocated/ allotted | %to Total | Surplus/ (Deficit) |
6.000 | 12 | 75,00 | 72,000 | 52.17 | 2,175 | 20,347.83 | 6,000 | 1:1 | Firm Allotment | 12 | 75.00 | 72,000 | 52.17 | -1,72,175 |
9,000 | 2 | 12,50 | 18,000 | 13.04 | 61,043 | 30,521.5 | 9,000 | 1:1 | 2 | 12.50 | 18,000 | 13.04 | -43,043 | |
18,000 | 1 | 6.25 | 18,000 | 13.04 | 61,043 | 61.043 | 18,000 | 1:1 | 1 | 6.25 | 18,000 | 13.04 | -43,043 | |
30,000 | 1 | 6.25 | 30,000 | 21.74 | 1,01,739 | 1,01,739 | 30,000 | 1:1 | 1 | 6.25 | 30,000 | 21.73 | -7.739 | |
Total | 16 | 100.00 | 1,38,000 | 100.00 | 4,68,000 | 16 | 100.00 | 1,38,000 | 100.00 | -3.30.000 |
The Board of Directors of the Company at its meeting held on June 16, 2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the dispatch of share certificates to various successful applicants.
The allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self-Certified Syndicate Banks were being processed on or before June 17, 2021. 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 Emerge Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on Monday, June 21, 2021 subject to receipt of final listing and trading approvals from the NSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue. 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 | ||
Address: C-101,1st Floor, 247 Park. | ||
Lal Bahadur Shastri Marg, Vikhroli (West), | On behalf of the Board of Directors | |
Mumbai - 400 083. Maharashtra Tel. Number: +912249186200; | For, ABHISHEK INTEGRATIONS LIMITED | |
Fax Number: +912249186195; Website: www.linkintime.co.in | Sd/- | |
SEBI Registration Number: INR000004058; | Sanjay Narbada Dubey | |
Contact Person: Ms. Shanti Goapalkrishnan; | Chairman and Managing Director | |
Email/ Investor Grievance E-mail: ail.ipo@linkintime.co.in | DIN:02218614 |
Place: Ahmedabad | Date: June 17, 2021 |
CORRIGENDUM TO THE PROSPECTUS DATED JUNE 01, 2021
This Addendum Cum Corrigendum should be read in conjunction with the Prospectus filed with the Registrar of Companies. Ahmedabad on Jun 01, 2021;
On Page 30 of the Prospectus, chapter titled as SECTION V - GENERAL INFORMATION. Issue Opens on [] and Issue Closes on [] Should be read as Tuesday, June 08, 2021 and Friday, June 11, 2021 respectively.
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 ABHISHEK INTEGRATIONS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.