| Basis of Allotment |
THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE INDIA.
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A G UNIVERSAL LIMITED |
Our Company was originally incorporated as a private limited company under the Companies Act, 1956 as "Akshata Polymers Private Limited' bearing Corporate Identification Number U25200DL2008PTC178400 dated May 21, 2008 issued by the Registrar of Companies, Delhi. Subsequently, Pursuant to a special resolution passed by shareholder at an Extra-Ordinary General Meeting held on November 30, 2013. the name of our Company was changed to "A G Universal Private Limited" and a fresh certificate of incorporation dated December 13, 2013 was issued to our Company by the Registrar of Companies. Delhi. Further, our company has been converted into Public Limited Company, due to which the name of our company was changed to ‘A G Universal Limited- and a fresh certificate of incorporation was issued by the Registrar of Companies, Delhi, on November 11, 2022. The Corporate Identification Number of our Company is U25200DL2008PLC178400. For further details of incorporation please refer to section titled 'History and Certain Other Corporate Matters' beginning on page 120 of the Prospectus of the Company dated March 28, 2023 ("Prospectus").
| Registered Office: F-1.34/1. Vikas Apartments. East Punjabi Bagh, West Delhi 110026. New Delhi. India. Tel: +91-9811100759. Website: www.aguniversal.co.in, E-mail: info@aguniversal.co.in; Company Secretary and Compliance Officer: Mr. Sushil Kumar |
| PROMOTERS: MR. AMIT GUPTA AND MS. BHARTI GUPTA |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFER OF 1454000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF A G UNIVERSAL LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 60/- PER EQUITY SIEQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 50/- PER EQUITY SHARE) AGGREGATING UP TO Rs. 872.40 LAKH ("ISSUE") OF WHICH 74000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 60/- PER EQUITY SHARE AGGREGATING Rs. 44.40 LAKH WILL BE 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 1380000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 60/- PER EQUITY SHARE, AGGREGATING Rs. 828.00 LAKH IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.51 % AND 25.16%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, KINDLY REFER TO CHAPTER TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 220 OF THE PROSPECTUS.
| THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 AND THE ISSUE PRICE IS Rs. 60.00. THE ISSUE PRICE IS 6.00 TIMES THE FACE VALUE OF THE EQUITY SHARES. |
| ISSUE OPENED ON: APRIL 11, 2023 AND ISSUE CLOSED ON: APRIL 13, 2023 |
PROPOSED LISTING: APRIL 24, 2023.
The Equity Shares offered 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 IX of the SEBICDR Regulation, 2018 as amended from time to time. Our Company has received an in-principle approval letter dated February 21, 2023 from NSE EMERGE for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited (NSE EMERGE). For the purpose of the Issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange. The trading is proposed to be commenced on or about April 24, 2023'.
'Subject to receipt at listing and trading approvals from the NSE Limited.
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 2712 applications for 8366000 Equity Shares resulting in 5.76 times subscription (including reserved portion of market maker). The issue received 1050 Applications for 4932000 Equity Shares (Before technical rejections) resulting in 3.39 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 but after application not banked):
Detail of the Applications Received (Before Technical Rejection but after application not banked):
| CATEGORY | NUMBER OF APPLICATIONS | % | NUMBER OF EQUITY SHARES | % | SUBSCRIPTION (TIMES) |
| Market Makers | 1 | 0.10 | 74000 | 1.50 | 1 |
| Retail Individual Investors | 948 | 90.29 | 1896000 | 38.44 | 2.78 |
| Non-Retail Individual Investors | 101 | 9.62 | 2962000 | 60 06 | 4.33 |
| TOTAL | 1050 | 100.00 | 4932000 | 100.00 |
The details of applications rejected by the Registrar on technical grounds are detailed below
| Category | No. of Applications | No. of Equity Shares |
| Market Makers | 0 | 0 |
| Retail Individual Investors | 21 | 42000 |
| Non-Retail Individual Investors | 1 | 4000 |
| TOTAL | 22 | 46000 |
After eliminating technically rejected applications, the following tables give us category wise net valid applications:
| Category | No. of applicants | % | Reserved Portion | No. of Valid Shares applied | % of Total | Subscription |
| Market Makers | 1 | 0.10 | 74000 | 74000 | 1.51 | 1 |
| Retail Individual Investors | 927 | 90.18 | 690000 | 1854000 | 37.95 | 2.69 |
| Non-Retail Individual Investors | 100 | 9.73 | 690000 | 2958000 | 60.54 | 4.29 |
| TOTAL | 1028 | 100.00 | 1454000 | 4886000 | 100.00 | 3.36 |
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange • National Stock Exchange of India Limited on April19, 2023.
| A. | Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 60 per Equity Share, was finalised in consultation with NSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 74,000 Equity shares |
The category wise details of the Basis of Allotment are as under:
| Sr.No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit | ||
| Before rounding off | After rounding off | ||||||||||||||
| 1 | 74.000 | 1 | 100.00 | 74.000 | 100.00 | 74.000 | 74.000 | 74.000 | 1 | 1 | 1 | 100.00 | 74,000 | 100.00 | |
| TOTAL | 1 | 100.00 | 74.000 | 100.00 | 74.000 | 1 | 100.00 | 74.000 | 100.00 | 0 | |||||
| B. | Allocation to RETAIL CATEGORY (After Technical Rejections): The Basis of Allotment to Retail, at the issue price of Rs. 60 per Equity Share, was finalised in consultation with NSE Limited. The category was subscnbed by 2.69 times i.e.. for Equity Shares the total number of shares allotted in category is 6.90,000 Equity shares to successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr.No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit | |
| Before rounding off | After rounding off | |||||||||||||
| 1 | 2.000 | 927 | 100.00 | 18.54.000 | 100.00 | 6.90.000 | 744 | 2.000 | 115 309 | 345 | 100.00 | 6.90.000 | 100.00 | |
| TOTAL | 927 | 100.00 | 18,54,000 | 100.00 | 6.90.000 | 345 | 100.00 | 6.90,000 | 100.00 | 0 | ||||
| C. | Allocation to NON INSTITUTIONAL CATEGORY (After Technical Rejections): The Basis of Allotment to Non-Retail Individual Investors, at the issue price of Rs. 60 per Equity Share, was finalised in consultation with NSE Limited. The category was subscribed by 4.29 times i.e.. for Equity Shares the total number of shares allotted in category is 6,90,000 Equity shares to successful applicants. |
The category wise details of the Basis of Allotment are as under:
| Sr. No. | No. of Shares applied for (Category Wise) | Number of applications received | % to Total | Total No. of Shares applied in each category | % to Total | Proportionanate shares available | Allocation per Applicant | Ratio of allottees to applicants | Number of Successful applicants (after rounding off) | % to Total | Total No. of Shares allocated/ allotted | % to Total | Surplus/ Deficit | ||
| Before rounding off | After rounding off | ||||||||||||||
| 1 | 4,000 | 21 | 21.00 | 84,000 | 284 | 19,594 | 933,06 | 2,000 | 10 | 21 | 10 | 11.90 | 20,000 | 2.90 | 406 |
| 2 | 6,000 | 14 | 14.00 | 84,000 | 2.84 | 19,594 | 1,399,59 | 2.000 | 5 | 7 | 10 | 11.90 | 20,000 | 2.90 | 406 |
| 3 | 8,000 | 11 | 1100 | 88,000 | 2.97 | 20,527 | 1,866,13 | 2.000 | 10 | 11 | 10 | 11.90 | 20,000 | 2.90 | -527 |
| 4 | 10,000 | 8 | 8.00 | 80,000 | 2.70 | 18,661 | 2,332,66 | 2.000 | 1 | 1 | 8 | 9.52 | 16,000 | 2.32 | -2,661 |
| 10,000 | 0 | 0.00 | 0 | 0.00 | 0 | 2.000 | 1 | 8 | 0 | 0.00 | 2,000 | 0.29 | 2,000 | ||
| 5 | 12,000 | 2 | 2.00 | 24,000 | 0.81 | 5.598 | 2,799,19 | 2.000 | 1 | 1 | 2 | 2.38 | 4,000 | 0.58 | -1,598 |
| 12,000 | 0 | 0.00 | 0 | 0.00 | 0 | 2.000 | 1 | 2 | 0 | 0.00 | 2,000 | 0.29 | 2,000 | ||
| 6 | 16,000 | 3 | 3.00 | 48,000 | 1.62 | 11.197 | 3,732,25 | 4.000 | 1 | 1 | 3 | 3.57 | 12,000 | 1.74 | 803 |
| 7 | 18,000 | 17 | 17.00 | 3,06,000 | 10.34 | 71.379 | 4,198,78 | 4.000 | 1 | 1 | 17 | 20.24 | 68,000 | 9.86 | -3,379 |
| 18,000 | 0 | 0.00 | 0 | 0.00 | 0 | 2,000 | 2 | 17 | 0 | 0.00 | 4,000 | 0.58 | 4,000 | ||
| 8 | 20,000 | 5 | 5.00 | 1,00,000 | 3.38 | 23,327 | 4,665,31 | 4.000 | 1 | i | 5 | 5.95 | 20,000 | 2.90 | -3,327 |
| 20,000 | 0 | 0.00 | 0 | 0.00 | 0 | 2,000 | 2 | 5 | 0 | 0.00 | 4,000 | 0.58 | 4,000 | ||
| 9 | 22,000 | 1 | 1.00 | 22,000 | 0.74 | 5,132 | 5,131,85 | 4,000 | 1 | 1 | 1 | 1.19 | 4,000 | 0.58 | -1,132 |
| 10 | 30,000 | 1 | 1.00 | 30,000 | 1.01 | 6,998 | 6,997,97 | 6,000 | 1 | 1 | 1 | 1.19 | 6,000 | 0.87 | -998 |
| 11 | 32,000 | 1 | 1.00 | 32,000 | 1.08 | 7,465 | 7,464,50 | 8.000 | 1 | 1 | 1 | 1.19 | 8,000 | 1.16 | 535 |
| 12 | 40,000 | 3 | 3.00 | 1,20,000 | 4.06 | 27.992 | 9,330,63 | 8,000 | 1 | 1 | 3 | 3.57 | 24,000 | 3.48 | -3,992 |
| 40,000 | 0 | 0.00 | 0 | 0.00 | 0 | 2.000 | 2 | 3 | 0 | 0.00 | 4,000 | 0.58 | 4,000 | ||
| 13 | 42,000 | 3 | 3.00 | 1,26,000 | 4.26 | 29,391 | 9,797,16 | 10,000 | 1 | 1 | 3 | 3.57 | 30,000 | 4.35 | 609 |
| 14 | 50,000 | 1 | 1.00 | 50,000 | 1.69 | 11,663 | 11,663,29 | 12,000 | 1 | 1 | 1 | 1.19 | 12,000 | 1.74 | 337 |
| 15 | 54,000 | 1 | 1.00 | 54,000 | 1.83 | 12,596 | 12,596,35 | 12,000 | 1 | 1 | 1 | 1.19 | 12,000 | 1.74 | -5% |
| 16 | 1,00,000 | 1 | 1.00 | 1,00,000 | 3.38 | 23,327 | 23,326,57 | 24,000 | 1 | 1 | 1 | 1.19 | 24,000 | 3.48 | 673 |
| 17 | 1,10,000 | 1 | 1.00 | 1,10,000 | 3.72 | 25,659 | 25,659,23 | 26,000 | 1 | 1 | 1 | 1.19 | 26,000 | 3.77 | 341 |
| 18 | 1,66,000 | 4 | 4.00 | 6,64,000 | 22.45 | 1,54,888 | 38,722,11 | 38,000 | 1 | 1 | 4 | 4.76 | 1,52,000 | 22.03 | -2,888 |
| 1,66,000 | 0 | 0.00 | 0 | 0 00 | 0 | .00 | 2,000 | 1 | 4 | 0 | 0.00 | 2,000 | 0.29 | 2,000 | |
| 19 | 3,36,000 | 1 | 1.00 | 3,36,000 | 11.36 | 78,377 | 78,377,28 | 78.000 | 1 | 1 | 1 | 1.19 | 78,000 | 11.30 | -377 |
| 20 | 5,00,000 | 1 | 100 | 5,00,000 | 1690 | 1,16,633 | 16,632,86 | 1,16,000 | 1 | 1 | 1 | 1.19 | 1,16,000 | 16.81 | -633 |
| TOTAL | 100 | 100.00 | 29,58,000 | 100.00 | 6,90,000 | 84 | 100.00 | 6,90,000 | 100,00 | 0 | |||||
The Board of Directors of the Company at its meeting held on April 9, 2023 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz NSE Limited and on April 19, 2023 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAN-cum-allotment advices and for notices will be forwarded to the email id's and address of the Applicants as registered with the depositories I as filled in the application form on or before April 20, 2023. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to April 19, 2023. 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 depositaries concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE EMERGE within six working days from the date of the closure of the issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 28, 2023 ("Prospectus").
| INVESTORS PLEASE NOTE |
The details of the allotment made would also be hosted on the website of the Registrar to the Issue. SKYLINE FINANCIAL SERVICES PVT. LTD. at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issuequobng 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:
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SKYLINE FINANCIAL SERVICES PVT. LTD. |
| Address: D-153 A, 1st Floor, Okhla Industrial Area, Phase -1, New Delhi-110020. Tel No: +91-11-40450193-97; Contact Person: Ms. Rati Gupta | |
| Email: ipo@skylinerta.com; Website:- www.skylinerta.com; SEBI Registration No.: INR000003241 |
| For A G Universal Limited | |
| On behalf of the Board of Directors | |
| Place: New Delhi | Sd/- |
| Date: April 20, 2023 | Company Secretary & Compliance Officer |
THE LEVELOF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OTTHE BUSINESS PROSPECT OF AG UNIVERSAL LIMITED.
Disclaimer: A G Universal Limited has filed the Prospectus with the Registrar of Companies, New Delhi on March 28,2023. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.shareindia.com, the website of the Lead Manager at www.shareindia.com, the website of the NSE at www.nseindia.com and the website of the Issuer Company at www.aguniversal.co.in. Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please refer to and relu on the Prospectus including the section titled "Risk factors" beginning on page 22 of the Prospectus, which has been filed with ROC.
The Equity Shares have not been and will not be registered under the U S. Securities Act of 1933. as amended or any state securities laws in the United States, and unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, and in accordance with any applicable U .S. State Securities laws. The Equity Shares are being issued and sold outside the United Stares in 'offshore transactions' in reliance on Regulation "S" under the Securities Act, 1933 and the applicable laws of each jurisdiction where such issues and satUnited States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Secunties Act, 1933 the applicable laws of each jurisdiction where such issues and sales are made. There will be no public offering in the United States.
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