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KKV AGRO POWERS LIMITED CIN: U40108TZ2012PLC018332 Our Company was incorporated as "Nachas Wind Energy Private Limited'" on June 05,2012 as a private limited company under the Companies Act, 1956, with the Registrar of companies, Tamil Nadu, Coimbatore. The name of our company was changed to "KKV Agro Powers Private limited" vide a fresh cerificate of incorporation pursuant to change of name dated may 12,2015 issued by registrar comanies, Tamil Nadu, Coimbatore. Subsequently our Company was converted into public limited Company and the name of our company was changed to "KKV Agro Powers Limited", pursuant to fresh certificate of incorporation consequent upon change Of name on conversion to public limited company dated May 18, 2015, issued by Registrar of Companies, Tamil Nadu, Coirnbatore.) Registered Office: Vivagaa Building, # 637, Oppanakara
Street, Coimbatore, Tamil Nadu, India-641 001. Tel: + 91 422-2303880; Fax:
+91 422-2303881 PROMOTERS OF OUR COMPANY - MR. T. K. CHANDIRAN & MRS. C. SELVI BASIS OF ALLOTMENT PUBLIC ISSUE OF 1,12,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF KKV AGRO POWERS LTD ("KKVAPL"' OR THE " COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE Of RS 320 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS 310 PER EQUITY SHARE AGGREGATING RS 358.40 LAKHS (THE "ISSUE") BY OUR COMPANY OF WHICH 5,600 EQUITY SHARES OF RS 10 FULLY PAID UP EACH MILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION").. THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 1,06,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP FOR CASH AT A PRICE OF RS 320 PER EQUITY SHARE. AGGREGATING TO RS 340.48 LAKHS (HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.87% AND 29.33% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARE IS RS10 EACH AND THE ISSUE PRICE IS 32 TIMES OF THE FACE VALUE OF THE EQUITY SHARE.
The Equity share offered through the prospectus are proposed to be listed on the SME platform of the National Stock Exchange of India Limited ("NSE LIMITED") ("NSE EMERGE"). Our Company has received an in-principle approval from NSE on June 16, 2016 for listing the Equity Shares on the NSE EMERGE. For the purpose of the issue, NSE Shall be the- Designated stock Exchange. The trading is proposed to be commenced or or abaut Friday, July 15, 2016 * Subject to receipt of listing and trading approvals from the NSE Limited. All Applicants were allowed to participate in the Issue through Application Supported By Blocked Amount ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). SUBSCRIPTION DETAILS The issue has received 271 applications for 2,27,600 Equity Share resulting in 2.03
times subscription (including reserved portion of the market). The details of the
applications received in the Issue (before technical rejections) are as follows:
The details of applications rejected by the Registrar on technical grounds are detailed below: Technical Rejections
After eliminating technically rejected applications, the following tables give us category wise net valid applications: After Technical Rejections
ALLOCATION: The Basis of Allotment was finalised in consultation with the Designated Stock Exchange- NSE Limited on July 12,2016. A. Allocation to Market Maker (After Technical Rejections): The basis of Allotment to the Market Maker, at the issue price of Rs. 320 per Equity Share, was finalised in consultation with NSE The category was subscribed by 1.00 tines. The total number of shares allotted in this category is 5,600 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 320 per per Equity Share was finalized in consultation with NSE. The category was subscribed by 1.61 times i.e., for 85,600 Equity Shares. The total numberot shares allotted in this category is 53,200 Equity Shares to 133 successlul applicants. The category wise details of the Basis of Allotment are as under:
C. Allocation to Other than Retail Individual Investors (After
Technical Rejections: The Basis- of Allotmenl to Other than Retail Individual
Investors, at the issue pries of Rs 320 per Equity Share, was finalised In
consultation with NSE. The category was subscribed by 2.11 times i.e. for 1,12,000 shares
the total number of shares allotted in this category is 53,500 Equity Shares to 41
successful applicants.
The Board of Directors of the Company at its maaling held on July
13,2016 has approved the Basis of Allocation of Equity Shares as approved by the
Designated Stock Exchange viz NSE Limited and has authorized the corporate action for the
transter of the Equity Shares 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 14 July 2016.
Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have
been processed on or prior to 14 July, 2016. In case the same is not received within
prescribed time, 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 SME Platform of NSE
Limited within six working days from the date of the closure of the Issue. INVESTORS PLEASE NOTE The details of the allotment made would atso be hosted on the website of the Registrar to the Issue. S.K.D.C. Consultants Limited at www.skdc-consultants.com. 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; S.K.D.C. CONSULTANTS LIMITED
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The IPO allocation is based on the subscription level and the investor category.
Refer to IPO allotment rules and methods for more details.
See the basis of allotment document above to know how the shares are allocated in KKV Agro Powers .
The KKV Agro Powers basis of allotment (published above) tells you how shares are allocated to you in KKV Agro Powers and category wise demand of IPO share.
Visit the KKV Agro Powers allotment status page to check the number of shares allocated to your application.
In KKV Agro Powers allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.
For more information, please refer to IPO Allotment Process and Basis of Allotment.
Check the KKV Agro Powers basis of allotment document to know how the shares are allocated in KKV Agro Powers.
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