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ZEAL AQUA LIMITED Our Company was incorporated as "Zeal Aqua Private Limited' at Surat under the provision of the Compannies Act, 1956 vide certificate of incorporation dated March 6, 2009 issued by the Assistant Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon The conversion of our Company to public limited company, the name of our Company changed to "Zeal Aqua Limited" and fresh certificate of incorporation dated March 31,2015 was issued by the Assistant Regisirar of Companies. Ahmedabad .The Corporate Identification Number of our Company is U05004GJ2009PLC056270. Registered Office: Plot No. 4 - 5, GIDC, Olpad, Dist. Surat- 394450, Gujrat. Tel: +02621- 220540; Fax: 02621-220540; Website: www.zealaqua.com PROMOTERS OF THE COMPANY: Mr. SHANTILAL PATEL AND Mr. PRADEEP NAVIK BASIS OF ALLOTMENT ZEAL AQUA LIMITED - SME IPO PUBLIC ISSUE OF 11,35,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH OF ZEAL AQUA LIMITED ("ZAL" OR THE "COMPANY" OR THE ISSUER") FOR CASH AT A PRICE OF RS 130 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 120 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 1475.50 LACS ('THE ISSUE"), OF WHICH 79,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 130 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 120 PER EQUITY SHARE AGGREGATING TO RS 102.70 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION "). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e NET ISSUE OF 10,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 130 PER EQUITY SHARE AGGREGATING TO RS 1372.80 LACS IS HEREIN AFTER REFERRED TO AS THE NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01% AND 25.13%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY In terms of Prospectus dated June 22,2016 and as per Regulation 43 (4) of SEBI
(ICDR) Regulations, 2009 wherein (a) minimu m of 50 % of the Net Offer to Public shall be
initially made available to Retail Individual Investors. (b) The balance net offer of
shares to the public shall be made available for allotment to (i) Individual applicants
other than retail investors and (ii) Other investors including corporate bodies /
institutions irrespective of no. of shares applied for. THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 130/- EACH . THE ISSUE PRICE IS 13 TIME OF THE FACE VALUE ISSUE OPE NED ON 27th JUNE, 2016 AND CLOSED ON 30th JUNE, 2016. The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principie approval of the shares being offered in this Issue. However Company has received an approval letter dated June 17,2016 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. SUBSCRIPTION DETAILS The Issue has received 360 applications for 14,46,000 Equity Shares (Including Market Maker Application of 79,000 Equity Shares) resulting 1.274 times subscription. The details of the applications received in the Issue (before technical rejections} are as fallows: There were no applications rejected by the Registrar on technical grounds and
no withdrawal of applications.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE Limited on 4th July, 2016 A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 130/- 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 79,000 Equity shares in full out of reserved portion of 79,000 Equity Shares. B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual investors, at the issue pice of Rs, 130/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.462 times. Total number of shares allotted in this category is 2,35,000:
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 130/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.127 times. Total number of shares allotted in Ihis category is 21,000 including unsubscribed portion of 2,93,000 Equity Shares of Reteil Individial investors. The category wise basis of allotment is as under
The Board of Directors of the Company at its meeting held on 4th July, 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates 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 6th July, 2016. Further, the instructions to Self Cenifed Syndicate Banks being processed on or prior to 6th July, 2016. 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 accounl details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 7th July. 2016 subject to receipt of listing and trading approvals from the BSE Limited. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue. Big share Services Private Limited at www.bigshareonline.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 theApplication 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
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LI STING OR THE BUSINESS PROSPECTS OF ZEAL AQUA LIMITED. |
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 Zeal Aqua IPO .
The Zeal Aqua IPO basis of allotment (published above) tells you how shares are allocated to you in Zeal Aqua IPO and category wise demand of IPO share.
Visit the Zeal Aqua IPO allotment status page to check the number of shares allocated to your application.
In Zeal Aqua 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 Zeal Aqua IPO basis of allotment document to know how the shares are allocated in Zeal Aqua IPO.
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