Avon Moldplast IPO Basis of Allotment

(This Is only an advertisement for information purposes and not a prospectus announcement.)

AVON MOLDPLAST LIMITED

(Avon Moldplast Limited was originally incorporated as 'Nira Investments Private Limited' on July 01,1996 under the Companies Act, 1956 with a Certificate of Incorporation issued by the Register of Companies, Karnataka, Bangalore. Thereafter a fresh certificate of incorporation consequent upon change of name from 'Nira Investments Private Limited' to 'Nira Marketing Appliances Private Limited' was issued by the Registrar of Companies, Karnataka, Bangalore on August 01,2002. Thereafter a fresh certificate of incorporation consequent upon change of name from 'Nira Marketing Appliances Private Limited' to 'Avon Moldplast Private Limited' was issued by the Registrar of Companies, Karnataka, Bangalore on November11, 2002. Thereafter, the registered office of our Company was shifted from State of karnataka to state of Uttar pradesh and a certificate of registration of the order of the Regional Director, South East Region, dated January 17,2018, confirming transfer of the registered office from one state to another was issued by the Registrar of Companies, Kanpur on February 15, 2018, Subsequently our Company was converted into a Public Limited Company and a fresh certificate of incorporation consequent upon conversion of the Company to public limited company in the name of the 'Avon Moldplast Limried' was granted by the Registrar of Companies, Kanpur on March 01, 2018.)

Corporate Identification Number (CIN): U25200UP1996PLC101013
Regd. Office: A-7/36-39, South of G.T. Road Industrial Area, Electrosteel Casting Compound, Ghaziabad 201009, Uttar Pradesh;
Tel: +91-120-4376091; E-mail: cs@avonmpl.com; Website: www.avonmpl.com;
Contact Person: Mr. ShikharAgarwal, Company Secretary & Compliance Officer

PROMOTERS OF THE COMPANY: MR SUSHIL KUMAR AGGARWAL, MRS. ANITA AGGARWAL AND
MR SAHIL AGGARWAL

BASIS OF ALLOTMENT

PUBUC ISSUE OF 884,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF AVON MOLDPLAST LIMITED (THE 'COMPANY') FOR CASH AT A PRICE OF RS. 51 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 41 PER EQUITY SHARE) (THE 'ISSUE PRICE'), AGGREGATING TO RS. 450.84 LACS ('THE ISSUE'), OF WHICH 46,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 51 PER EQUITY SHARE, AGGREGATING TO RS. 23.48 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 838,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 51 PER EQUITY SHARE, AGGREGATING TO RS. 427.38 LACS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.17% AND 25.75% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of the Prospectus dated July 04, 2018, and as per Regulation 43(4) of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, ('SEBI (ICDR) Regulations'): a) Minimum fifty percent 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 the number of specified securities applied for, The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

Explanation: For the purpose of Regulation 43(4) of the SEBI (ICDR) Regulations, if the retail individual investor category is entitled to more than fifty percent on proportionate basis, the retail Individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.
THE ISSUE PRICE IS RS. 51 PER EQUITY SHARE AND IS 5.10 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON THURSDAY, JULY 12, 2018 AND CLOSED ON WEDNESDAY, JULY 18, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of the National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this issue.

However, our company has received an in-principle approval letter dated May 30, 2018 from the National Stock Exchange of india limited ('NSE'). for using its name in the Prospectus for listing of our Shares on NSE EMERGE. For the purpose of this issue, the Designated Stock Exchange is the National Stock Exchange of India Limited ('NSE')

All Applicants were allotted to participate in the issue through   APPLICATION SUPPORTED BY BLOCKD AMOUNT ('ASBA') process by providing the details of the respective Bank accounts in ehich the corresponding application amounts were blocked by self Certified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS

The Issue has received 152 valid applications of 1,158,000 Equity Shares (including Market Maker Application of 46,000 Equity Shares) resulting in 1.31 times subscription. The Details pf applications received in the issue (before technical rejections) are as follows:
Details of Applications received (before Technical Rejection)

The details of applications rejected by the Registrar on technical grounds are detailed below:

Details of Applications received (after Technical Rejection)

ALLOCATION: The basis of allotment was finalized in consultation with the Designated Stock Exchange i.e. the National Stock Exchange of India Limited on January 23, 2018.

A. Allocation to Market Maker (After Technical Rejection): The Basis of Allotment to the Market Maker, at the issue price of Rs. 51/- 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 46,000 Equity Shares consisting of reserved portion of 46,000 Equity Shares.

B. Allocation to Retail Individual Applicants (After Technical Rejections): The Basis of Allotment to the Retail Individual Applicants, at the issue price of Rs. 51/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 0.40 times. The total number of shares allotted in this category is 166,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Other than Retail Individual Applicants (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Applicants, at the issue price of Rs. 51/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 2.01 times. The total number of shares allotted in this category is 672,000. The category wise basis of allotment is as under:

Note : In the above basis in the categories where 4000, 6000 and 8000 shares have been applied for, there is firm allotment of 2000, 4000 and 6000 shares respectively and 2000 shares each have been allotted to selected applicants in each of the three categories by means of a lottery.

The Board of Directors of the Company at its meeting held on July 24, 2018 have taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. the National Stock Exchange of India Limited and has authorised the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders 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 July 25,2018. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to July 24, 2018. 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 NSE EMERGE within 6 working days from the closure of the Issue. The trading is proposed to commence on or before July 26, 2018 subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of allotment made would also be hosted on the website of the Registrar to the Issue, Mas Services Limited at www.masserv.com. 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 has been lodged and payment details at the address of the Registrar to the Issue given below:

Mas Services Limited
T-34 2nd Floor, Okhla Industrial Area, Phase-II, New Delhi-110020
Tel :+91-11-26387281,82,83; Fax:+91-11-26387384
E-mail: info@masserv.com; Website: www.masserv.com
Contact Person: Ms. Anjali Agarwal; SEBI Registration No.: INR000000049

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MABKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF AVON MOLDPLAST LIMITED.

Note: Capitalised terms used and not specifically defined herein shall have the meaning given to such terms in the Prospectus.