| Basis of Allotment |
PVR Limited (Incorporated under the Companies Act, 1956 on April 26,1995 as Priya
Village Roadshow Limited and obtained certificate of commencement of business on December
4, 1995. On June 28, 202 the name of our Company was changed from Priya Village Roadshow
Limited to PVR Limited.) BASIS OF ALLOCATION PUBLIC ISSUE OF 7,700,000 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF RS. 225/- PER EQUITY SHARE AGGREGATING RS.1732.50 MILLIONS ("THE ISSUE") CONSISTING OF A FRESH ISSUE OF 5,700,000 EQUITY SHARES OF RS.10 EACH AND AN OFFER FOR SALE OF 2,000,000 EQUITY SHARES OF RS.10 BY THE WESTERN INDIA TRUSTEE AND EXECUTOR COMPANY LTD ("WITEC" OR THE "SELLING SHAREHOLDER"). THE ISSUE COMPRISES OF PROMOTER'S CONTRIBUTION OF 300,000 EQUITY SHARES BROUGHT IN BY PEPL, A RESERVATION FOR EMPLOYEES OF 150,000 EQUITY SHARES OF RS.10 EACH AND A NET ISSUE TO THE PUBLIC OF 7,250,000 EQUITY SHARES OF RS. 10 EACH (THE "NET ISSUE"). THE ISSUE WILL CONSTITUTE 33.66% OF THE FULLY DILUTED POST ISSUE CAPITAL OF THE COMPANY. THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH FOR CASH AT A PRICE OF RS.225/- EACH AND THE ISSUE PRICE IS 22.5 TIMES OF THE FACE VALUE. The Issue made through the 100% Book Building Process wherein up to 50% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers f'QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds). Further, not less than 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the public shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 67379 applications for 86638600 equity shares resulting in 11.25 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors, Employee Categories and Promoter's Contribution are as under:
Final Demand A sample of the final demand at different bid prices is as under:
The Basis of Allocation was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on December 27, 2005. A. Allocation to Employees The Basis of Allocation to the Employees category, who have bid at cut-off or at and above the Issue Price of Rs.225/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.99 times. Hence FULL and FIRM allotments have been made against all valid applications. The total number of shares allotted in this category is 148650 Equity Shares. The spill over portion has been added to Retail Individual Investors category. B. Allocation to Retail Investors The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price of Rs.225/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 3.95 times. The total number of shares allotted in this category is 2538850 Equity Shares. The category-wise details of the Basis of Allocation are as under
C. Allocation to Non Institutional Investors The Basis of Allocation to the Non-institutional, who have bid at and above the Issue Price of Rs.225/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 11.65 times. The total number of shares allotted in this category is 1087500 Equity Shares. The cateoorv-wise details of the Basis of Allocation are as under:
D. Allocation to QIBs Allocations to QIBs have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (181250) and other QIBs and unsatisfied demands of
The Board of Directors of the company at its Meeting held at Gurgaon on December 27, 2005 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants. The Refund Orders and allotment advice and notice has been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The 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 Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.
All future correspondence in this regard may kindly 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 address given below: Karvy Computershare Private Limited: Unit: PVR Limited, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, Fax: 040-23311968 Email: pvrcinemas.ipo@karvy.com and mailmanager@karvy.com TOLL FREE - HELPLINE NUMBER 1-600-3454001
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF PVR LIMITED. |
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