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Our Company was incorporated as Sri Krishna Metcom Limited, as a public limited company, under the Companies Act, 1956 vide Certificate of Incorporation dated July 31, 2008, bearing registration number 013255, issued by the Registrar of Companies, Bihar and Jharkhand. Our Company has received the Certificate of Commencement of Business dated August 25,2008 issued by the Registrar of Companies, Bihar and Jharkhand. The Corporate Identification Number of our Company is U15400JH2008PLC013255.For further details of our Company, please refer to the chapters titled 'General Information' and 'Our History And Certain Other Corporate Matters' beginning on page numbers 28 and 93, respectively, of the Prospectus. Registered Office: 504, Mangal Murti Heights, 5th Floor, Rani
Bagan, Harmu Road, Ranchi - 834001, Jharkhand PROMOTERS OF THE COMPANY: MR. SUDHIR PRASAD SAHU, MR. YOGESH KUMAR SAHU, MR. GYAN PRAKASH SAHU AND SUDHIR PRASAD SAHU (HUF) BASIS OF ALLOTMENT PUBLIC OFFER OF 35,00,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ('EQUITY SHARES') OF SRI KRISHNA METCOM LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 55/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 45/- PER EQUITY SHARE) AGGREGATING UP TO RS 1,925/- LAKHS ('OFFER') COMPRISING A FRESH ISSUE OF 6,00,000 EQUITY SHARES AGGREGATING UPTO RS 330 LAKHS BY THE COMPANY ('FRESH ISSUE') AND AN OFFER FOR SALE OF 3,11,000 EQUITY SHARES BY SUDHIR PRASAD SAHU (HUF), 9,00,000 EQUITY SHARES BY MRS. KRISHNA DEVI, 6,00,000 EQUITY SHARES BY MRS. BINITA SAHU, 6,00,000 EQUITY SHARES BY MRS. EKTA SAHU, 2,44,000 EQUITY SHARES BY YOGESH KUMAR SAHU (HUF) AND 2,45,000 EQUITY SHARES BY GYAN PRAKASH SAHU (HUF) (COLLECTIVELY REFERRED TO AS THE 'PROMOTER GROUP SELLING SHAREHOLDERS') AGGREGATING 29,00,000 EQUITY SHARES AGGREGATING UPTO RS 1,595 LAKHS BY THE SELLING SHAREHOLDERS ('OFFER FOR SALE'). THE OFFER COMPRISES OF1,80,000 EQUITY SHARES OF FACE VALUE RS 10/- EACH FOR CASH AT A PRICE OF RS 55/-PER EQUITY SHARE, AGGREGATING RS 99 LAKHS WHICH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 33,20,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 55/- PER EQUITY SHARE, AGGREGATING RS 1,826 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.45% AND 25.09%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND
EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE EMERGE') in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended. Our Company has received in-principle approval letter dated August 09, 2017 from NSE for using its name in the Prospectus for listing of our Equity Shares on the SME Platform of NSE. For the purpose of this Offer, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about September 26, 2017* 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 283 applications for 38,10,000 Equity Shares resulting in 1.09 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection):
The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:
After eliminating technically rejected applications, the following table gives us category wise net valid applications:
Allocation: The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange- National Stock Exchange Limited on September 21, 2017.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis ofAllotment to the Retail Individual Investors, at the offer price of Rs.55 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 0.25 times. The total number of shares allotted in this category is 4,20,000 Equity Shares to 210 successful applicants. The category wise details of the Basis ofAllotment are as under:
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the offer price of Rs.55 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 1.09 times after considering the spill over of 12,40,000 Equity Shares from the retail category. The total number of shares allotted in this category is 29,00,000 Equity Shares to 62 successful applicants. The category wise details of the Basis of Allotment are as under:
The Board of Directors of the Company at its meeting held on September 22, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund advices and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been given on September 22, 2017. 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 SME Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Offer. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 08, 2017 ('Prospectus'). INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, 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 Registrargiven below: Link Intime India Private 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 Sri Krishna Metcom IPO .
The Sri Krishna Metcom IPO basis of allotment (published above) tells you how shares are allocated to you in Sri Krishna Metcom IPO and category wise demand of IPO share.
Visit the Sri Krishna Metcom IPO allotment status page to check the number of shares allocated to your application.
In Sri Krishna Metcom IPO 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 Sri Krishna Metcom IPO basis of allotment document to know how the shares are allocated in Sri Krishna Metcom IPO.
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