Basis of Allotment

SREE SAKTHI

SREE SAKTHI PAPER MILLS LIMITED

Regd.Office :57/2993, " SREE KAILAS", Paliam Road, Earnakulam, Cochin - 682 016
Tel No: (0484) 2373230, Fax No. (0484) 2370395,E-mail:sreesakthi@eth.net, sspml_m@vsnl.net 
Compliance Officer : Mr. R. Ponnabalam

PUBLIC ISSUE OF 83,33,340 EQUITY SHARES OF RS.10/- EACH AT A PREMIUM OF RS.20/- PER SHARE (I.E. AT A PRICE OF RS.30/- PER SHARE) AGGREGATING TO RS.2500.00 LACS.
THE ISSUE PRICE OF RS.30/- PER EQUITY SHARE IS SIX (3) TIMES THE FACE VALUE.

BASIS OF ALLOTMENT

The Board of Directors of Sree Sakthi Paper Mills Ltd. ("The Company') wish to thank all the investors for their overwhelming response to the Public Issue. The basis of allotment has been finalized in consultation with Bombay Stock Exchange Ltd. (BSE) on 10/02/2006 and the equity shares have been allotted as per details given below:

Public Issue opened on Tuesday, 17/01/2006 and closed on Saturday, 21/01/2006.

Particulars
No of equity shares offered 83,33,340
No of valid application received 30,912
Total no. of equity shares applied for 3,74,23,600
No. of times oversubscribed 4.49

 

Category No. of shares
offered
No. of shares
applied for
No. of valid
application received
No. of times oversubscribed
NRIs/FIIs 8,33,334 25,29,800 32 3.04
Banks/Mutual Funds/FIs 8,33,334 23,20,800 11 2.78
Retail 59,33,338 2,90,72,400 30,773 4.90
HNI 7,33,334 35,00,600 96 4.77
Total 83,33,340 3,74,23,600 30,912 4.49

Allotments have been made on the proportionate basis amongst all categories, rounded off to the nearest integer subject to a minimum of 200 shares per allottee in case of public and NRI/ FII categories and 3500 shares per allottee in case of Banks/ Mutual Funds/FIs.

Basis of allotment of equity shares to the Resident Indian Public Category is as follows:

Category Ratio Shares per
allottee
Category Ratio Shares per
allottee
200 10:49 200 8200 Firm 1718
400 20:49 200 8800 Firm 1843
600 30:49 200 9000 Firm 1885
800 40:49 200 10000 Firm 2095
1000 Firm 204 16000 Firm 3352
1200 Firm 245 16400 Firm 3436
1400 Firm 286 17200 Firm 3603
1600 Firm 327 18400 Firm 3855
1800 Firm 367 20000 Firm 4190
2000 Firm 408 22800 Firm 4776
2200 Firm 449 23400 Firm 4902
2400 Firm 490 25000 Firm 5237
2600 Firm 531 25400 Firm 5321
2800 Firm 571 33000 Firm 6913
3000 Firm 612 33200 Firm 6955
3200 Firm 653 35200 Firm 7374
3400 Firm 712 50000 Firm 10474
3600 Firm 754 50200 Firm 10516
3800 Firm 796 66600 Firm 13952
4000 Firm 838 70000 Firm 14664
4200 Firm 880 80000 Firm 16759
5000 Firm 1047 100000 Firm 20949
5200 Firm 1089 133000 Firm 27862
6000 Firm 1257 166600 Firm 34901
6600 Firm 1383 170200 Firm 35655
7000 Firm 1466 175200 Firm 36702
7200 Firm 1508 1337200 Firm 280127

The dispatch of refund orders and a allotment letters has been completed as on 14/02/2006. The credit in respect of allotment in dematerialized form in Central Depository Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) to the valid beneficiary account has been completed as on 14/02/2006.

The company has already made the listing application to the BSE and other formalities regarding listing of equity shares are in the process of completion.

All futures correspondence in this regard may kindly be addressed to the Registrar to the Issue, whose address is furnished below, quoting full name of the first/sole applicant, application number, number of shares applied and Bank/branch where the application has been lodged.

LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE
KEYNOTE
CORPORATE SERVICES LIMITED
307, Regent Chambers,
Nariman Point,
Mumbai - 400 021
Tel. :(022) 2202 5230
Fax : (022) 2283 5467
E-mail: mbd@keynoteindia.net
BIGSHARE SERVICES PVT.LTD.
E/2, Ansa Industrial Estate,
Saki Vihar Road, Sakinaka,
Andheri(E), Mumbai - 400 072.
Tel.: ( 022) 2847 0652 Fax: ( 022) 2847 5207
E-mail : ipo@bigshareonline.com
Place: Mumbai
Date: 15/02/2006

For SREE SAKTHI PAPER MILLS LTD
Sd/
S. Rajkumar
Managing Director.

Close