Patni Computer Systems Limited
Registered Office: S-1A Irani market Compount, Yerawads, Pune 411 006
Tel: +9120 2669 3457; Fax: +91 20 2669 3859; Website : www.patni.com
Corporate Office: Akruti Softech Park,
MIDC Cross Road No. 21, Andheri East, Mumbai 400 093
Tel: 91 22 5693 0500, Fax: 91-22-5693 0211, email: patniipo@patni.com
Public Issue of 1,87,24,000 Equity Shares comprising of
fresh issue of 1,34,00,000 equity shares of Rs 2 each and offer for sale of 53,24,000
equity shares of Rs 2 each at a price of Rs 230 per equityu share for cash aggregating Rs
431.00 crores. (hereinafter together referred to as the Issue)
This issue is being made through 100% Book Building process
wherein 1,12,34,400 equity shares of the issue may be allocated on a discretionary basis
to Qualified Institutional Buyers. Further, a minimum of 28,08,600 equity shares of the
issue shall be available for allocation on a proportionate basis to Non Institutional
Biders and a minimum of 46,81,000 equity shares of the isue shall be available for
allocation on a proportionate basis to Retail Bidders, subject to valid bids being
received at or above the issue price.
Basis of Allocation
The company has received 3,26,555 bids for 40,41,95,100
equity shares resulting in 21.60 times subscription. The valid demand (considering highest
value bid in case of multiple bids) from institutional, Non institutional and Retail
Bidder categories is as under.
Cagegory |
No. of valid Bids |
No. of shares bid |
Subscription (times) |
Retail Investors |
3,04,672 |
4,59,42,298 |
10.19 |
Non Institutional Investors |
11,328 |
11,10,38,550 |
40.00 |
Qualified Institutional Bidders |
277 |
24,68,02,350 |
4.56 |
Final Demand
Bid Price |
No. of Shares |
%to Total |
Cumulative Total |
Cumulative % |
At cut off |
72631150 |
17.969 |
72631150 |
17.969 |
230 |
331219750 |
81.946 |
403850900 |
99.915 |
229 |
12900 |
0.003 |
403863800 |
99.918 |
228 |
2050 |
0.001 |
403865850 |
99.919 |
227 |
750 |
0.000 |
403866600 |
99.919 |
226 |
550 |
0.000 |
403867150 |
99.919 |
225 |
26900 |
0.007 |
403894050 |
99.926 |
224 |
100 |
0.000 |
403894150 |
99.926 |
223 |
1000 |
0.000 |
403895150 |
99.926 |
222 |
850 |
0.000 |
403896000 |
99.926 |
221 |
1200 |
0.000 |
403897200 |
99.926 |
220 |
66600 |
0.016 |
403963800 |
99.943 |
219 |
200 |
0.000 |
403964000 |
99.943 |
218 |
550 |
0.000 |
403964550 |
99.943 |
217 |
24300 |
0.006 |
403988850 |
99.949 |
216 |
7150 |
0.002 |
403996000 |
99.951 |
215 |
19250 |
0.005 |
404015250 |
99.956 |
214 |
100 |
0.000 |
404015350 |
99.956 |
213 |
1000 |
0.000 |
404016350 |
99.956 |
212 |
450 |
0.000 |
404016800 |
99.956 |
211 |
1150 |
0.000 |
404017950 |
99.956 |
210 |
50300 |
0.012 |
404068250 |
99.969 |
209 |
800 |
0.000 |
404069050 |
99.969 |
208 |
0 |
0.000 |
404069050 |
99.969 |
207 |
900 |
0.000 |
404069950 |
99.969 |
206 |
250 |
0.000 |
404070200 |
99.969 |
205 |
6500 |
0.002 |
404076700 |
99.971 |
204 |
300 |
0.000 |
404077000 |
99.971 |
203 |
29750 |
0.007 |
404106750 |
99.978 |
202 |
1450 |
0.000 |
404108200 |
99.979 |
201 |
1150 |
0.000 |
404109350 |
99.979 |
200 |
85750 |
0.021 |
404195100 |
100.000 |
A.) Allocation to Non Institutional Bidders:
The Basis of Allocation to the Non Institutional Bidders who have bod
for at or above the issue price of Rs 230 per equity share, was finalised in consultation
with the Stock Exchange, Mumbai, on a proportionate basis after rounding off to the
nerease 50 shares. The total numnber of shares allocated in this category is
28,08,600. A sample of category wise details of the Basis of Allocation is as under.
Category |
No. of applns |
% of total applns |
No of shares applied |
No. of shares allocated |
Ratio |
Total shares allocated |
250 |
585 |
5.74 |
146250 |
50 |
1:7 |
4200 |
500 |
2068 |
20.31 |
1034000 |
50 |
7:27 |
26800 |
1000 |
1244 |
12.22 |
1244000 |
50 |
1:2 |
31100 |
2000 |
293 |
2.88 |
586000 |
50 |
1:1 |
14650 |
5000 |
161 |
1.58 |
805000 |
150 |
1:1 |
24150 |
10000 |
118 |
1.16 |
1180000 |
250 |
1:1 |
29500 |
50000 |
143 |
1.40 |
7150000 |
1250 |
1:1 |
178750 |
100000 |
77 |
0.76 |
7700000 |
2550 |
1:1 |
196350 |
2173900 |
2 |
0.02 |
4347800 |
55450 |
1:1 |
110900 |
3260000 |
1 |
0.01 |
3260000 |
83150 |
1:1 |
83150 |
B.) Allocation to Retail Bidders:
The Basis of Allocation to theRetail Bidders who have bid for at or
above the Issue Price of Rs. 230 per Equity share, was finalised in consultation with the
Stock Exchange, Mumbai, on a proportionate basis after rounding off to the nearest 50
shares. The total number of shares allocated in this category is 46,96,200 including
additional 15,200 shares allotted due to rounding off. A sample of category-wise details
of the Basis of Allocation is as under.
Category |
No. of Applns |
% of total applns |
No. of shares applied |
No. of shares allocated |
Ratio |
Total shares allocated |
50 |
44624 |
15.41 |
2231200 |
50 |
10:93 |
240000 |
100 |
68315 |
23.59 |
6831500 |
50 |
21:98 |
731950 |
150 |
11681 |
4.03 |
1752150 |
50 |
11:34 |
188950 |
200 |
164980 |
56.97 |
32996000 |
50 |
3:7 |
3535300 |
C. Allocation to QIB Bidders
Category |
FIs/Banks |
MFs |
FIIs |
ICs |
VCs |
No of shares allocated |
313100 |
2573500 |
8102800 |
205800 |
39200 |
Date of Completion of despatch of refund orders: 20.02.2004
Date of credit of shares allocated to successful bidders: 20.02.2004
Date of filing of listing aplication
The Stock Exchange, Mumbai : 20.02.2004
The National Stock Exchange of India Limited : 20.02.2004
Allotment details have been hosted on the website with the following URL
http://karisma.Karvy.com/
All correspondences with reference to this issue should be addressed to the Registrars to
the Issue quoting full name of the First/Sole applicant, Serial Number of the
bid-cum-application form, number of shares bid for, name of the Member of the Syndicate
and Place where the bid was submitted and payment details at the following address:
Karvy Consultants Limited, Unit: Patni - Public Offer, Karvy House, 46,
Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500 034. Tel +91 40 2331 2454, Fax: +91
40 2331 1968
Place : Mumbai
Date : February 20, 2004 |
For Patni Computer Systems Ltd.
Arun Kanakal
Company Secretary |
* The level of subscription should not be
taken to tbe indicative of either the market price of the Equity Share on listing or the
business prospects of the Company |
|