sejal architectural glass limited - Securities and Exchange Board of ...

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7. The specific written consent has been obtained from the Promoters for inclusion of such number of their existing shares and further subscription in the Issue, if any, to ensure minimum Promoter’s contribution subject to lock-in to the extent of 20% of Post-Issue Paid-up Equity Share Capital. 8. The Equity Shares forming part of promoter’s contribution do not consist of any private placement made by solicitation of subscription from unrelated persons, either directly or through any intermediary. 9. For the purpose of computing Promoters’ contribution, the same has been considered for the specified minimum lot of Rs. 25,000/- per application from each individual and Rs. 1,00,000/- from companies. 10. The Pre-Issue and Post-Issue shareholding pattern of our Promoter Group is as under: Sr. No. Particulars No. of Shares @ Rs. 10/- Each 46 Pre-Issue Post-Issue* % Holding No. of Shares @ Rs. 10/- Each % Holding a. Promoter 70,76,000 38.67% 70,76,000 25.27% b. Immediate Relatives of the Promoter 32,43,250 17.73% 32,43,250 11.58% c. Companies in which 10% or more of the share capital is held by the Promoter / an immediate relative of the Promoter / a firm or HUF in which the Promoter or any one or more of their immediate relatives is a member 24,13,500 13.19% 24,13,500 8.62% d. Companies in which Company mentioned in c. above holds 10% or more of the share capital e. HUF or firm in which the aggregate share of the Promoter and his immediate relatives is equal to or more than 10% of the total f. All persons whose shareholding is aggregated for the purpose of disclosing in the prospectus as "Shareholding of the Promoter Group". 0 0.00% 0 0 6,31,500 3.45% 6,31,500 2.26% 12,25,500 6.70% 12,25,500 4.38% Total 1,45,89,750 79.74% 14,589,750 52.11% *Post Issue Shareholding pattern may change if any Persons forming part of promoter group as mentioned hereinabove are allotted Equity Shares in the Issue. 11. Shareholding Pattern of our Company before and after the Issue is as under: Category Pre-Issue Post-Issue* No. of Shares % Holding No. of Shares % Holding Promoters 70,76,000 38.67 70,76,000 25.27% Promoter Group 75,13,750 41.07 75,13,750 26.84%
Friends, Relatives and Others 36,74,670 20.08 36,74,670 13.12% Employees 32,000 0.17 32,000 0.11% Public 0 0.00 97,03,580 34.66% Total 1,82,96,420 100.00 2,80,00,000 100.00% *The above shareholding pattern is indicative, and is based on the fact that all shareholders in their respective categories will subscribe to 100% of the shares offered in their respective categories. The final Post Issue Shareholding pattern will be determined after the Book-Building Process. 12. The entire pre-issue Equity Share Capital of our Company, other than the minimum promoter’s contribution, which is locked-in for a period of three years, shall be locked-in for a period of one year from the date of allotment in the present Public Issue. 13. The securities which are subject to lock-in shall carry the inscription ‘non-transferable’ and the nontransferability details shall be informed to the depositories. The details of lock-in shall also be provided to the stock exchanges, where the shares are to be listed, before the listing of the securities. 14. Our Company has made the issue of Equity Shares during preceding one year, details of which are mentioned hereunder: Sr. No. 1. Date of Issue Name of the Persons No. of Shares August 14, 2007 47 Issue Price (in Rs.) Sejal Float Glass Limited Mr. Ashish D. Karia jointly with 13,0,000 10 YES Mihir D. Karia Mr. Amrut S. Gada, karta of Amrut 1,57,500 10 YES S. Gada HUF Mr. Dhiraj S. Gada, Karta of Dhiraj 45,000 10 YES S. Gada HUF 49,000 10 YES Mr. Mihir D. Karia jointly with Mr. YES Ruchi M. Karia 60,000 10 Mr. Ruchi M. Karia jointly with Mr. YES Mihir D. Karia 1,87,500 10 Mr. Dhiraj D. Karia jointly with Ms. YES Hemlata D. Karia 95,000 10 Ms. Hemlata D. Karia jointly with YES Mr. Dhiraj D. Karia 4,55,000 10 Mr. Shivji V. Gada, karta of Shivji V. Gada HUF 20,000 10 YES Ms. Geeta H. Shah jointly with Mr. Hasmukh J. Shah 20,000 10 NO Ms. Jayshree R. Shah jointly with Mr. Ramesh J. Shah 20,000 10 NO Mr. Ramesh J. Shah jointly with Ms. Jayshree R. Shah 30,000 10 NO Mr. Hasmukh J. Shah jointly with Ms. Geeta H. Shah 30,000 10 NO Mr. Shantilal A. Chheda jointly with Mr. Amit A. Chheda 17,000 10 NO Mr. Satish A. Chheda jointly with Mr. Shantilal A. Chheda 17,000 10 NO Whether Part of Promoter Group
Page 1 and 2: Draft Red Herring Prospectus Decemb
Page 3 and 4: SECTION I DEFINITIONS AND ABBREVIAT
Page 5 and 6: Term Description Designated Date Th
Page 7 and 8: Term Description Bhandup ( West), M
Page 9 and 10: IPO Initial Public Offer ISO Intern
Page 11 and 12: FORWARD-LOOKING STATEMENTS This Dra
Page 13 and 14: the tax on the additional income of
Page 15 and 16: Risk relating to the project 6. The
Page 17 and 18: amount(s) due to our lender(s), not
Page 19 and 20: utilized portion of the licence. Ad
Page 21 and 22: protect us from entire liability fo
Page 23 and 24: 6. Terrorist attacks and other acts
Page 25 and 26: 12. Investors are advised to go thr
Page 27 and 28: The Indian Architectural float glas
Page 29 and 30: BRIEF DETAILS OF THE ISSUE Equity S
Page 31 and 32: Share Application Money 2563.61 296
Page 33 and 34: D Net Profit after Tax but before E
Page 35 and 36: Issue Management Team Book Running
Page 37 and 38: Bank of India Banking Branch M.D.I.
Page 39 and 40: Pursuant to recent amendments to th
Page 41 and 42: Name and Address of the Underwriter
Page 43 and 44: 5 Subdivision of Equity shares of R
Page 45 and 46: Mr. Mitesh K. Gada* Mr. Shantilal S
Page 47: Capital would be locked-in for a pe
Page 51 and 52: 3. August 30, 2007 Mr. Nilesh S. Bh
Page 53 and 54: Vinod Velji Shah HUF jointly with M
Page 55 and 56: 9. November 22, 2007 Ms. Diwaliben
Page 57 and 58: 5 Mr. Kanji V. Gada 6,16,250 3.37 6
Page 59 and 60: SECTION V- OBJECTS OF THE ISSUE OBJ
Page 61 and 62: a. Plant & Machinery - Imported i.
Page 63 and 64: Work-in-progress 0.43 months 430.00
Page 65 and 66: We propose to raise Rs. [•] Lacs
Page 67 and 68: Authority for the issue The Issue h
Page 69 and 70: BASIS FOR ISSUE PRICE The issue pri
Page 71 and 72: ii. Lowest - Haldyn Glass Gujarat 5
Page 73 and 74: Benefits available to the Company u
Page 75 and 76: 8. In case of a shareholder being a
Page 77 and 78: Benefits available to other Non-Res
Page 79 and 80: Benefits available to Mutual Funds
Page 81 and 82: Source: Central Statistical Organis
Page 83 and 84: � Fused silica glass - Fused sili
Page 85 and 86: The Total Float Glass Manufactured
Page 87 and 88: increasing demand for hotels/resort
Page 89 and 90: • Hygenic - Glass is a non-porous
Page 91 and 92: 2. High productive and reliable pro
Page 93 and 94: We view geographical expansion of o
Page 95 and 96: Features 93 Toughened Glass is appr
Page 97 and 98: The excellent dampening property of
Page 99 and 100:
Brief description of the Processes
Page 101 and 102:
c) Lamination Process Process First
Page 103 and 104:
101
Page 105 and 106:
As the batch materials melt into so
Page 107 and 108:
Apollo Hospital Dhaka, Bangladesh B
Page 109 and 110:
Availability of Nitrogen and Hydrog
Page 111 and 112:
With the knowledge and experience o
Page 113 and 114:
Further our company proposes to imp
Page 115 and 116:
Sr. No Name of the trademark regist
Page 117 and 118:
7. Sale deed dated July 14, 2004 be
Page 119 and 120:
3. Standard fire and Special perils
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May 21, 2007. Premium Amount Rs. 6,
Page 123 and 124:
KEY INDUSTRY REGULATIONS AND POLICI
Page 125 and 126:
Changes in the Registered Office of
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2. Non-Compete Agreement between ou
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Sr. No. Name, Age, Designation, Fat
Page 131 and 132:
Sr. No. Name, Age, Designation, Fat
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Compensation to Managing Director/W
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Mr. Mitesh K. Gada, Whole-Time Dire
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Leave travel concession for self an
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emuneration payable to the said Dir
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• To look into the reasons for su
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extent of remuneration and/or reimb
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ORGANISATION CHART OF OUR COMPANY 1
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Sr. No Name, Age and Designatio n S
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OUR PROMOTER AND THEIR BACKGROUND T
Page 151 and 152:
MR. SHANTILAL S. GADA Identificatio
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CURRENCY OF PRESENTATION All refere
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1 st December, 2007 The Board of Di
Page 157 and 158:
STATEMENT OF ASSETS AND LIABILITIES
Page 159 and 160:
NOTES TO RESTATED PROFIT AND LOSS A
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the provision for deferred tax, tim
Page 163 and 164:
ANNEXURE - V Accounting Ratios (Rec
Page 165 and 166:
LOANS AND ADVANCES (UNSECURED, CONS
Page 167 and 168:
Annexure XII (Rs. in lacs) Details
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f Bank of India g Axis Bank 4 Vehic
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ANNEXURE - XIV RELATED PARTY TRANSA
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Travelling Expenses Insurance Premi
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Unsecured Loan received/refund Unse
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FDR refunded 2.50 Interest paid on
Page 179 and 180:
17 Kanji Gada FDR received FDR refu
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26 Shantilal Gada Interest paid on
Page 183 and 184:
CAPITALIZATION STATEMENT ANNEXURE X
Page 185 and 186:
1. The company has generally been r
Page 187 and 188:
FINANCIAL INFORMATION OF GROUP COMP
Page 189 and 190:
2. Sejal International Limited Seja
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Shareholding Pattern: The Sharehold
Page 193 and 194:
27 Mr. Hasmukh B. Shah 5000 0.09 28
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5. Sejal Finance Limited. Sejal Fin
Page 197 and 198:
2. Mitesh Textiles Mitesh Textiles
Page 199 and 200:
Companies with which the Promoters
Page 201 and 202:
FACTORS AFFECTING OUR RESULTS OF OP
Page 203 and 204:
% to Turnover 65.72% 69.06% 63.03%
Page 205 and 206:
Fiscal 2005 Vs 2006 Income Income f
Page 207 and 208:
Related Party Transactions For deta
Page 209 and 210:
SECTION VIII - LEGAL AND REGULATORY
Page 211 and 212:
A complaint bearing Complaint No. 6
Page 213 and 214:
Sejal Glass House has not filed any
Page 215 and 216:
STATUTORY APPROVALS AND LICENSES Ex
Page 217 and 218:
6. Occupancy Certificate bearing no
Page 219 and 220:
Sr. No. Details License No. 1. EPCG
Page 221 and 222:
4. Application bearing no. 1371940
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OR (b)(ii) There shall be compulsor
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FROM ALL THE STOCK EXCHANGES MENTIO
Page 227 and 228:
Further, each Bidder where required
Page 229 and 230:
Expert Opinion Except as stated oth
Page 231 and 232:
This being an initial public offeri
Page 233 and 234:
Principal Terms and Conditions of t
Page 235 and 236:
� to register himself or herself
Page 237 and 238:
ISSUE STRUCTURE This Issue is being
Page 239 and 240:
In case the Bid-Cum-Application For
Page 241 and 242:
2. Hindu Undivided Families or HUFs
Page 243 and 244:
please refer the section titled “
Page 245 and 246:
published in two national newspaper
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Escrow Collection Banks shall trans
Page 249 and 250:
Build Up of the Book and Revision o
Page 251 and 252:
(j) In terms of SEBI Guidelines, QI
Page 253 and 254:
c) Ensure that the details about De
Page 255 and 256:
IT IS MANDATORY FOR ALL THE BIDDERS
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1. On the Bid-cum-Application Form
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Submission of Bid-cum-Application F
Page 261 and 262:
Grounds for Technical Rejections Bi
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) The Bidder must necessarily fill
Page 265 and 266:
Save and except refunds effected th
Page 267 and 268:
(iii) Under-subscription below 5% o
Page 269 and 270:
if any, for encashing such cheques,
Page 271 and 272:
RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 273 and 274:
SECTION X- DESCRIPTION OF EQUITY SH
Page 275 and 276:
MODIFICATION OF RIGHTS Title of Art
Page 277 and 278:
Title of Article Article Number and
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
TRANSFER AND TRANSMISSION OF SHARES
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 301 and 302:
Page 303 and 304:
Page 305 and 306:
SECTION XI -OTHER INFORMATION MATER
Page 307:
23. SEBI observation letter no. [
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