Yasho Industries IPO Basis of Allotment

YASHO INDUSTRIES LIMITED
CIN: U74110MH1985PLC037900

Our Company was incorporated as Vasu Preservatives Private Limited on October 30,1985 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 37900. The name of our Company was changed to Yasho Industries Private Limited and a fresh Certificate of Incorporation consequent to the change of name was granted to our Company on May 17,1996, by the Registrar of Companies, Mumbai. The status of our Company was changed to a public limited company and the name of our Company was further changed to Yasho Industries Limited by a special resolution passed on February 12, 2018. A fresh certificate of incorporation consequent to the change of name was granted to our Company on February 19, 2018, by the Registrar of Companies, Mumbai. The Corporate Identity Number of our Company is U74110MH1985PLC037900. For further details pertaining to the change of name of our Company and the change in Registered Office, please refer the chapter 'History and Certain Corporate Matters' on page no. 125 of the Prospectus.
Registered Office: Office No. 101/102, Peninsula Heights, C. D. Barfiwala Marg, Juhu Lane, Andheri (West), Mumbai - 400058.
Tel No.: +91 - 22 - 6251 0100 | Fax No.: +91 - 22 - 6251 0199 | Email: info@yashoindustries.com Website: www.yashoindustries.com |
Contact Person: Ms. Nekata Jain, Company Secretary and Compliance Officer
Promoters of our Company: Mr. Vinod Jhaveri, Mr. Parag Jhaveri & Mr. Yayesh Jhaveri

PUBLIC OFFER OF 28,99,200 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF YASHO INDUSTRIES LIMITED ('YIL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 100 PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 2,899.20 LAKHS ('THE OFFER') CONSISTING OF FRESH ISSUE OF 8,99,200 EQUITY SHARES AGGREGATING TO RS 899.20 LAKHS AND AN OFFER FOR SALE OF 20,00,000 EQUITY SHARES BY THE SELLING SHAREHOLDERS AGGREGATING TO RS 2,000.00 LAKHS ('OFFER FOR SALE'), OF WHICH 1,48,800 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 27,50,400 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.60% AND 25.23%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS 10 AND THE OFFER PRICE IS 10.00 TIMES OF THE FACE VALUE
ISSUE OPENED ON MARCH 19, 2018 AND CLOSED ON MARCH 21, 2018

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated March 09, 2018. BSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading Is proposed to be commenced on April 02, 2018 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Offer is being made through the Fixed Price process, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Offer only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Net Offer has received 516 applications for 27,58,800 Equity Shares resulting in 1.00 times subscription. The details of the applications received in the Net Offer (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Note: The Offer also includes 1,48,800 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal.

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 8,25,600 Equity Shares in Non - Retail Category & under subscription 8,54,400 Equity Shares in Retail Category. Due to technical rejection and bids not banked, the Offer was short by 28,800 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 28,800 Equity Shares. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE on March 28,2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 100 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,48,800 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 100 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 5,20,800 Equity Shares. The category was subscribed by 0.378 times. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 100 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 22,00,800 Equity Shares (including un-subscribed portion of 8,54,400 Equity Shares of Retail Individual Investors category). The category was subscribed by 0.987 times. The category-wise details of the Basis of Allotment are as under:

Due to technical rejection and bids not banked, the Offer was short by 28,800 Equity Shares, for which devolvement notice is issued to the underwriter and the underwriter had subscribed these 28,800 Equity Shares. The Board of Directors of the Company at its meeting held on March 27, 2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 28, 2018 for unblocking of funds. The Equity Shares allotted 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 Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on April 02, 2018, subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 10, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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 given below:

BIGSHARE SERVICES PRIVATE LIMITED
1 st floor, Bharat Tin works Building, Opposite Vasant Oasis,
Marol Maroshi Road, Marol, Andheri (East), Mumbai - 400059.
Tel: +91 - 22 - 6263 8200 | Fax: +91 - 22 - 6263 8299
Email: ipo@bigshareonline.com j Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty | SEBI Registration No.: INR000001385