Ushanti Colour Chem IPO Basis of Allotment

(This is only an advertisement for Information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directly or indirectly outside India.)

USHANTI COLOUR CHEM LIMITED

Our Company was incorporated under the provisions of Companies Act, 1956 as 'Ushanti Colour Chem Private Limited' in Gujarat vide Certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli, on May 12,1993. Consequently, it was converted into a public limited company pursuant to special resolution passed at Extra-ordinary General Meeting of our Company held on February 19, 2018 and the name of our Company was changed to'Ushanti Colour Chem Limited' and a fresh certificate of incorporation consequentupon Conversion of Private Limited to Public Limited dated March 07, 2018 was issued by Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U24231GJ1993PLC019444. For further details of Incorporation, Change of Registered Office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 66 and page 155 of the Prospectus.

Registered Office: 88/8 GIDC, Phase I, Vatva, Ahmedabad- 382445, Gujarat, India. Corporate Identification Number: U24231GJ1993PLC019444. Tel. No.: 079-25833315;
Fax No: Not Available; Contact Person: Archita Jitendrakumar Shah, Company Secretary and Compliance Officer; Email: admin@ushanti.com; Website: www.ushanti.com

PROMOTERS OF OUR COMPANY: MAUNAL SHANTILAL GANDHI AND MINKU SHANTILAL GANDHI

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 19,26,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID OF USHANTI COLOUR CHEM LIMITED ('THE ISSUER' OR 'OUR COMPANY') FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 50/- PER EQUITY SHARE) (THE 'ISSUE PRICE') AGGREGATING RS. 1155.60 LAKHS (THE 'ISSUE') OF WHICH 98,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE, AGGREGATING RS. 58.80 LAKHS WERE 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 18,28,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE, AGGREGATING RS. 1096.80 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE CONSTITUTE 26.38% AND 25.04%, RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Maunal Shantilal Gandhi and Minku Shantilal Gandhi is Rs. 1.04/-each.
In terms of Prospectus dated July 14, 2018 and as per Regulation 43(4) SEBI (ICDR) Regulations, 2009 wherein:

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;

C. the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: For the purpose of Regulation 43(4) of SEBI (ICDR) Regulation, 2009, if retail individual investors are entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Issue Procedure' on page 234 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 60/-AND IS 6.00 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: MONDAY, JULY 23, 2018 AND CLOSED ON: WEDNESDAY, JULY 25, 2018

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an In- Principle approval letter dated June 29, 2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 3202 applications for 1,14,14,000 Equity shares (before technical/multiple rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 98,000 Equity Shares. The issue was subscribed to the extent of 5.93 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 5.78 times.
The details of application received (Before Technical/Multiple Rejection but after bids not banked and application banked but bid not registered)

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

The details of the applications received (After Technical and Multiple Rejection):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on July 30,2018.

A. Allocation to Market Maker (After Technical/Multiple Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 60/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 98,000 Equity shares in full out of reserved portion of 98,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical/Multiple Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 60/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscri bed by 6.56 times. Total number of shares allotted in this category is 9,94,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail Investors (After Technical/Multiple Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 60/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 5.51 times. Total number of shares allotted in this category is 8,34,000 Equity Shares. The category wise basis of allotment is as under:

*Please Note: Additional Lot of 2000 Sharesgiven in applied shares category 16000, 20000, 40000, 42000, 50000, 58000, 80000, 124000, 166000 After proportionate allocation

The Board of Directors of the Company at its meeting held on July31, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before August 02, 2018. Further, the instructions to SCSBs has been issued on July 31, 2018 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before August 02, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra, India.
Tel: +91 22 6263 8200; Fax: + 91 22 6263 8299; Email:ipo@bigshareonline.com; Website: www.bigshareonline.com; Investor Grievance Id: ipo@bigshareonline.com
Contact Person: Mr. Jibu John; SEBI Registration Number: INR000001385

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 USHANTI COLOUR CHEM LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.