Basis of Allotment

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

Dynamic Cables Limited

DYNAMIC CABLES LIMITED
Corporate Identity Number: U31300RJ2007PLC024139

Our Company was originally formed as a partnership firm under the Partnership Act, 1932 in the name and style of "M/s. Ashish Fluxes and Chemicals", pursuant to a deed of partnership entered between Late K.M. Mangal and Late Anil Mangal in 1984. Later the partnership firm was registered with Registrar of Firms, Jaipur, Rajasthan vide certificate dated October 25,1988. Further "M/s Ashish Fluxes and Chemicals with its branch M/s Dynamic Engineer" was converted from partnership firm to a Private Limited Company under Part IX of Companies Act, 1956 in the name of "Dynamic Cables Private Limited" vide Certificate of Incorporation dated April 03, 2007, bearing registration No. 024139 issued by Registrar of Companies, Rajasthan, Jaipur and CIN No. U31300RJ2007PTC024139. Subsequently our Company was converted into a public limited company and the name of our Company was changed from "Dynamic Cables Private Limited" to "Dynamic Cables Limited" vide special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on August 16, 2017. A fresh Certificate of Incorporation consequent upon conversion into public limited company was granted to our Company on August 22, 2017 by the Registrar of Companies, Rajasthan, Jaipur having corporate Identification Number U31300RJ2007PLC024139.
For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 122 of the Prospectus.

Registered Office: F-260, Road No. 13 VKI Area, Jaipur, Rajasthan 302013, India | Tel No.: +91 141-2332388 | Fax No.: +91 141-2330182 
E-mail: info@dynamiccables.co.in | Website: www.dynamiccables.co.in | Contact Person: Mr. Honey Chordia (Company Secretary & Compliance Officer)

PROMOTERS OF OUR COMPANY: MR. RAHUL MANGAL AND MR. ASHISH MANGAL

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 58,44,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 40.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 30.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2337.60 LAKHS ("ISSUE") OF WHICH 3,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 40.00 PER EQUITY SHARE, AGGREGATING TO RS 120.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 55,44,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 40.00 PER EQUITY SHARE AGGREGATING TO RS 2217.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.55% AND 25.18%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 250 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 40.00 EACH.
THE ISSUE PRICE IS 4.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON MONDAY, DECEMBER 04, 2017 AND CLOSED ON WEDNESDAY, DECEMBER 06, 2017.
PROPOSED LISTING: DECEMBER 14, 2017*

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE") ("BSE SME"). Our Company has received an in-principle approval letter dated November 06, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited. The trading is proposed to be commenced on or about December 14, 2017.*

*Subject to receipt of listing and trading approvals from the BSE.

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 24194 applications for 405897000 Equity Shares resulting in 69.46 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows: 
Detail of the Applications Received (Before Technical & Multiple Rejection):

Category

Number Of
Applications
% Number Of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.01 3,00,000 0.07 1.00
Retail Individual Investors 23900 98.78 71700000 17.67 25.87
Other than Retail Individual Investors 293 1.21 333897000 82.26 120.45
TOTAL 24194 100.00 405897000 100.00 69.46

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category

No. of 
Applications
No. of 
Equity Shares
Market Maker Nil Nil
Retail Individual Investors 306 918000
Other than Retail Individual Investors 1 300000
TOTAL 307 1218000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category No. of Applications % Reserved Portion (as per Prospectus) No. of Valid Shares Applied % of Total Applied Subscription (Times)
Market Maker 1 100 300000 300000 100 1.00
TOTAL 1 100 300000 300000 100 1.00

 

Category

No. of 
Applications
% Reserved Portion 
(as per Prospectus)
Proportionate Issue Size
(After rounding off)
No. of Valid
Shares Applied
% of 
Total Applied
Subscription 
(Times)
Retail Individual Investors 23594 98.77 2772000 2772000 70782000 17.50 25.53
Other than Retail Individual Investors 292 1.22 2772000 2772000 333597000 82.50 120.35
TOTAL 23886 100 5544000 5544000 404379000 100 72.94

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 11, 2017.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of   Rs 40 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,00,000 Equity shares. 
The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied
for
(Category
wise)
No. of
Applications
received
% to Total Total No. of
Equity
Shares
applied in
this
Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/ Deficit
300000 1 100.00 300000 100.00 300000 300000 300000 1 1 1 300000 --
TOTAL 1 100.00 300000 100.00 300000         1 300000 --

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 25.53 times i.e. for 7,07,82,000 Equity Shares. Total number of shares allotted in this category is 27,72,000 Equity Shares to 924 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Applications
received
% to Total Total No. of
Equity
Shares
applied in this
Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of 
Shares
Surplus/ Deficit
3000 23594 100.00 70782000 100.00 2772000 117.49 3000 924 23594 924 2772000 0
TOTAL 23594 100.00 70782000 100.00 2772000         924 2772000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 120.35 times i.e. for 33,35,97,000 shares. Total number of shares allotted in this category is 27,72,000 Equity Shares to 149 successful applicants.

The category wise details of the Basis of Allotment are as under: (SAMPLE)

No. of Shares
Applied for
(Category
wise)
No. of
Applications
received
% to Total Total No. of
Equity Shares
applied in
this
Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of Shares
Surplus/ Deficit
6000 54 18.49 324000 0.10 2692 49.86 3000 1 54 1 3000 308
18000 6 2.05 108000 0.03 897 149.57 3000 1 6 1 3000 2103
30000 3 1.03 90000 0.03 748 249.28 3000 1 3 1 3000 2252
48000 3 1.03 144000 0.04 1197 398.85 3000 1 3 1 3000 1803
60000 2 0.68 120000 0.04 997 498.57 3000 1 2 1 3000 2003
75000 1 0.34 75000 0.02 623 623.21 3000 0 0 0 0 -623
147000 2 0.68 294000 0.09 2443 1221.49 3000 1 2 1 3000 557
201000 1 0.34 201000 0.06 1670 1670.19 3000 1 1 1 3000 1330
315000 2 0.68 630000 0.19 5235 2617.47 3000 1 1 2 6000 765
375000 1 0.34 375000 0.11 3116 3116.04 3000 1 1 1 3000 -116
399000 1 0.34 399000 0.12 3315 3315.46 3000 1 1 1 3000 -315
609000 1 0.34 609000 0.18 5060 5060.44 6000 1 1 1 6000 940
627000 1 0.34 627000 0.19 5210 5210.01 6000 1 1 1 6000 790
726000 1 0.34 726000 0.22 6033 6032.64 6000 1 1 1 6000 -33
873000 1 0.34 873000 0.26 7254 7254.13 6000 1 1 1 6000 -1254
1092000 1 0.34 1092000 0.33 9074 9073.89 9000 1 1 1 9000 -74
1500000 1 0.34 1500000 0.45 12464 12464.14 12000 1 1 1 12000 -464
2499000 4 1.37 9996000 3.00 83061 20765.26 21000 1 1 4 84000 939
3750000 3 1.03 11250000 3.37 93481 31160.35 30000 1 1 3 90000 -3481
3750000   0.00         3000 1 3   3000 3000
4764000 1 0.34 4764000 1.43 39586 39586.11 39000 1 1 1 39000 -586
5544000 16 5.48 88704000 26.56 737084 46067.46 45000 1 1 16 720000 -17084
TOTAL 292 100.00 333597000 100.00 2772000         149 2772000 0

The Board of Directors of the Company at its meeting held on December 12, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE at a meeting held on December 11, 2017 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before December 13, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about December 12, 2017 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 Limited, 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 November 24, 2017 ("Prospectus")

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, 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:

BIGSHARE SERVICES PRIVATE LIMITED
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200 | Fax: +91 22 62638299
E-mail: ipo@bigshareonline.com | Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Jibu John | SEBI Registration No.: INR000001385

Place : Jaipur, Rajasthan
Date: December 12, 2017
For Dynamic Cables Limited
On behalf of the Board of Directors
Sd/-
Mr. Ashish Mangal
Managing Director

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 DYNAMIC CABLES LIMITED.