| Basis of Allotment |
| (This is only an advertisement for information purpose and not a prospectus announcement.) |
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| ANAND RAYONS LIMITED |
| Corporate Identification Number U51909GJ2018PLC104200 |
Our Company was originally formed and registered as a partnership firm under the Partnership Act, 1932 ("Partnership Act") in the name and style of "M/s Anand Enterprise", pursuant to a deed of partnership dated July 01, 1987. Subsequently, the partnership firm was reconstituted on April 3, 1992, October 8, 1999 and March 09, 2018. Thereafter, the partnership firm was converted in to a public limited company on September 20, 2018 under Part I chapter XXI of the Companies Act, 2013 in the name and style of "M/s. Anand Rayons Limited" and received a certificate of incorporation dated October 02, 2018 from the Deputy Registrar of Companies, Central Registration Center, Ministry of Corporate Affairs. The Corporate Identification Number of our Company is CIN: U51909GJ2018PLC104200.
| Registered Office : 305-306, Jay Sagar Complex, Opp. Sub Jail, Khatodra, Surat-395002 Gujarat. |
| Tel No : - 0261-2635521; Website: www.anandrayons.com; E-Mail: anandrayonsltd@gmail.com; |
| Company Secretary and Compliance Officer: Mr. Rahul Makwana |
| PROMOTER OF THE COMPANY: MR. ANAND BAKSHI |
| BASIS OF ALLOTMENT |
PUBLIC ISSUE OF 46,88,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF ANAND RAYONS LIMITED ("ARL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 27 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 17 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 1265.76 LACS ("THE ISSUE"), OF WHICH 2,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH WILL FOR CASH AT A PRICE OF RS. 27 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 17 PER EQUITY SHARE AGGREGATING TO RS. 64.80 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 44,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT A PRICE OF RS. 27 PER EQUITY SHARE AGGREGATING TO 71200.96 LACS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.29% AND 29.68 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OFTHE ISSUE" BEGINNING ON PAGE NO. 128 OFTHE PROSPECTUS.
| THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH AND THE ISSUE PRICE IS RS 27 EACH. |
| THE ISSUE PRICE IS 2.7 TIMES OFTHE FACE VALUE OF EQUITY SHARE. |
| ISSUE OPENED ON: JUNE 18, 2019 (TUESDAY), ISSUE CLOSED ON: JUNE 24, 2019 (MONDAY) |
The Equity Shares of the company offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd ("BSE") in terms of Chapter IX of SEBI (ICDR) Regulations, 2018. Our Company has received an in-principle approval from BSE for listing our shares pursuant to letter dated March 26, 2019 from BSE for using its name in the offer document for listing of our shares on SME Platform of BSE. For the purpose of the issue BSE Limited will be the Designated Stock Exchange. The issue is being made through the Fixed Price Issue process, the allocation in the Net Issue to the Public category is made as per Regulation 253(2) of the SEBI (ICDR) Regulations. 2018 as amended from time to time, wherein a minimum 50% of the net issue of shares 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 number of specified securities applied for; Provided that the unsubscribed portion in either of categories specified in clauses (a) or (b) may be allocated to applicants in the other category. All investors have participated in this offer through ASBA process. Applicants are mandatorily to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process including through UPI mode (as applicable) by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). For details in this regard, specific attention is invited to chapter "Issue Procedure" on page 135 of the Prospectus.
SUBSCRIPTION DETAILS
Details of the application
The Issue has received 317 applications (before rejections and Bids not Banked) for 52,08,000 Equity Shares (Including Market Maker Application of 2,40,000 Equity Shares) resulting 1.110 times subscription. The details of the applications received in the Issue (before technical rejections but after Bids not banked) are as follows:
Details of valid Applications Received (Before Technical Rejection and before bids not banked):
| Category | Number of Applications | Number of Equity Shares | Subscription Ratio |
| Market Maker | 1 | 2,40,000 | 1.000 |
| Other than Retail Individual Investor's | 48 | 38,96,000 | 1.751 |
| Retail Individual Investor's | 268 | 10,72,000 | 0.482 |
| TOTAL | 317 | 52,08,000 | 1.110 |
Total 7 applications received in Retail Individual Investors Category (28,000 Equity Shares) and 1 applications received in Other than Retail Individual Investor's Category (8,000 Equity Shares) was rejected on technical grounds.
Details of bids not banked are detailed below :
| Category | Number of Applications | Number of Equity Shares |
| Other than Retail Individual Investor's | - | - |
| Retail Individual Investor's | 9 | 36,000 |
| TOTAL | 9 | 36,000 |
Details of applications rejected by the Registrar on technical grounds are detailed below :
| Category | Number of Applications | Number of Equity Shares |
| Market Maker | - | - |
| Other than Retail Individual Investor's | 1 | 8,000 |
| Retail Individual Investor's | 7 | 28,000 |
| TOTAL | 8 | 36,000 |
Details of valid Applications Received (After Technical Rejection):
| Category | Number of Applications | Number of Equity Shares | Subscription | Revise Subscription |
| Market Maker | 1 | 2,40,000 | 1.000 | 1.000 |
| Other than Retail Individual Investor's | 47 | 38,88,000 | 1.748 | 1.130* |
| Retail Individual Investor's | 252 | 10,08,000 | 0.453 | 0.453# |
| TOTAL | 300 | 51,36,000 | 1.100 | 1.100 |
*includes original reservation of 22,24,000 Equity Shares and spill over from Retail Investors Category of 12,16,000 Equity Shares.
#The under subscribed portion of 12,16,000 Equity Shares from Retail Investors Category have been spilled over to Non Retail Individual Investors Category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE Limited ("SME Platform of BSE") on June 27, 2019.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.27/- 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 2,40,000 Equity shares in full out of reserved portion of 2,40,000 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.27/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.453 times. Total number of shares allotted in this category is 10,08,000.
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to Total | Total No. of Equity Shares applied | % to Total | Proportionate Shares Available | Allocation per Applicant (before Rounding Off) | Allocation per Applicant (after Rounding Off) | Ratio of Allottees to the Applicants | Total No. of Equity Shares allotted | Surplus /Deficit |
| 4,000 | 252 | 100.00 | 10,08,000 | 100.00 | 22,24,000 | 4000 | 4000 | 1:1 | 10,08,000 | -12,16,000 |
| Total | 252 | 100.00 | 10,08,000 | 100.00 | 22,24,000 | 4000 | 4000 | 1:1 | 10,08,000 | -12,16,000 |
C. Allocation to Non-Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 27/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.130 times. Total number of shares allotted in this category is 34,40,000:
| No. of Shares Applied for (Category wise) | No. of Applications Received | % to Total | Total No. of Equity Shares applied | % to Total | Proportionate Shares Available | Allocation per Applicant (before Rounding Off) | Allocation per Applicant (after Rounding Off) | Ratio of Allottees to the Applicants | Total No. of Equity Shares allotted | Surplus /Deficit |
| 8,000 | 11 | 23.40 | 88,000 | 2.26 | 77,860 | 7,078.18 | 4,000 | 1:1 | 44,000 | -33,860 |
| 0.00 | 0.00 | 4,000 | 8:11 | 32,000 | 32,000 | |||||
| 12,000 | 7 | 14.89 | 84,000 | 2.16 | 74,321 | 10,617.29 | 8,000 | 1:1 | 56,000 | -18,321 |
| 0.00 | 0.00 | 4,000 | 5:7 | 20,000 | 20,000 | |||||
| 16,000 | 12 | 25.53 | 1,92,000 | 4.94 | 1,69,877 | 14,156.42 | 12,000 | 1:1 | 1,44,000 | -25,877 |
| 0.00 | 0.00 | 4,000 | 1:2 | 24,000 | 24,000 | |||||
| 20,000 | 4 | 8.51 | 80,000 | 2.06 | 70,782 | 17,695.50 | 16,000 | 1:1 | 64,000 | -6,782 |
| 0.00 | 0.00 | 4,000 | 1:2 | 8,000 | 8,000 | |||||
| 28,000 | 1 | 2.13 | 28,000 | 0.72 | 24,774 | 24,774.00 | 24,000 | 1:1 | 24,000 | -774 |
| 32,000 | 1 | 2.13 | 32,000 | 0.82 | 28,313 | 28,313.00 | 28,000 | 1:1 | 28,000 | -313 |
| 36,000 | 1 | 2.13 | 36,000 | 0.93 | 31,852 | 31,852.00 | 32,000 | 1:1 | 32,000 | 148 |
| 60,000 | 2 | 4.26 | 1,20,000 | 3.09 | 1,06,173 | 53,086.50 | 52,000 | 1:1 | 1,04,000 | -2,173 |
| 0.00 | 0.00 | 4,000 | 1:2 | 4,000 | 4,000 | |||||
| 1,00,000 | 2 | 4.26 | 2,00,000 | 5.14 | 1,76,955 | 88,477.50 | 88,000 | 1:1 | 1,76,000 | -955 |
| 1,80,000 | 2 | 4.26 | 3,60,000 | 9.26 | 3,18,519 | 1,59,259.50 | 1,60,000 | 1:1 | 3,20,000 | 1,481 |
| 2,60,000 | 1 | 2.13 | 2,60,000 | 6.69 | 2,30,041 | 2,30,041.00 | 2,28,000 | 1:1 | 2,28,000 | -2041 |
| 5,52,000 | 1 | 2.13 | 5,52,000 | 14.20 | 4,88,395 | 4,88,395.00 | 4,88,000 | 1:1 | 4,88,000 | -395 |
| 9,28,000 | 2 | 4.26 | 18,56,000 | 47.74 | 16,42,138 | 8,21,070.00 | 8,20,000 | 1:1 | 16,40,000 | -2138 |
| 0.00 | 0.00 | 4,000 | 1:2 | 4,000 | 4,000 | |||||
| Total | 47 | 100.00 | 38,88,000 | 100.00 | 34,40,000 | 34,40,000 | 0 |
The Board of Directors of the Company at its meeting held on June 27, 2019 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 in dematerialised form 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 July 01, 2019. Further, the instructions to Self-Certified Syndicate Banks being processed on or prior to July 01, 2019 for unblocking fund. 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 BSE Ltd within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before July 02, 2019 subject to receipt of listing and trading approvals from the BSE Ltd ("SME Platform of BSE").
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare 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 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:
| REGISTRAR OF THE ISSUE | For, ANAND RAYONS LIMITED |
| BIGSHARE SERVICES PRIVATE LIMITED | On behalf of the Board of Directors |
| 1st Floor, Bharat Tin works Building, Opp Vasant Oasis, Makwana Road.Marol, Andheri East, Mumbai-400059. | Sd/- |
| Tel: 022-62638200, Fax : 022-62638299. Website: www.bigshareonline.com | Anand Bakshi |
| E-Mail: ipo@bigshareonline.com, SEBI Reg. No.: INR000001385. Contact Person : Ashish Bhope | Managing Director |
| Place: Surat | DIN: 01942639 |
| Date : 28/06/2019 |
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 ANAND RAYONS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
DISCLAIMER CLAUSE OF BSE It is to be distinctly understood that the permission given by BSE Limited ("BSE") should not in any way be deemed or construed that the contents of the Prospectus or the price at which the equity shares are offered has been cleared, solicited or approved by BSE, nor does it certify the correctness, accuracy or completeness of any contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer Clause of the SME Platform of BSE on page 122 of the Prospectus.
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