(Incorporated on 7 June, 1982 as Nelcast Private Limited at Nellore,
Andhra Pradesh under the Companies Act, 1956 with Registration No.01-3518. The Company was
converted into a public limited company and the name was changed to Nelcast Limited on 20
September, 1995. The Registered Office of the Company was changed from 24-398, Dargamitta,
Nellore, Andhra Pradesh 524003 to the present location on 12 July, 1994).
Registered Office: 34, Industrial Estate, Gudur 524101. Tel: +91 8624 251
Corporate Office: 159, TTK Road, Alwarpet, Chennai - 600 018, Tamil Nadu.
Tel: + 91 44 2498 3111. Fax: + 91 44 2498 2111,
E-mail: email@example.com, website:
Contact Person: Mr. S. K. Sivakumar, Company Secretary & Compliance
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 43,50,000 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF
RS.219 PER EQUITY SHARE AGGREGATING RS.9526.50 LAKHS. THE ISSUE WOULD CONSTITUTE 25% OF
THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY.
THE ISSUE RECEIVED 32459 APPLICATIONS FOR 30709475 EQUITY SHARES RESULTING IN 7.0596 TIMES
The Basis of Allotment was approved by Bombay Stock Exchange Limited (Designated Stock
Exchange) on June 20,2007. The Board of Directors of the Company at its meeting held on
June 21,2007 has approved the Basis of Allotment of equity shares and allotted the equity
shares to various successful applicants.
The details of valid applications received in the issue from Retail Category,
Corporates/Institutions (Non Retail Category) and QIBs are as under:
||No. of applications
||No. of Shares Applied
|Qualified Institutional Bidders
A. Allotment to Retail Investors
The total number of shares allotted in this category is 1975860 equity shares. 240 excess
shares have been allotted due to rounding off. The category-wise details of the Basis of
Allotment are as under:
||No. of Applns.
||% to total
||Ratio of Allotment
||Total No. of
B. Allotment to Non Institutional Investors (Applied for more than 450 shares)
The total number of shares allotted in this category is 199380 equity shares. This
category has been under subscribed and therefore all the applicants in this category have
been given firm allotment.
C. Allotment to Qualified Institutional Bidders (QIBs)
Allotment to QIBs has been done on a proportionate basis in consultation with BSE. The
total number of equity shares in this category are 2175000 equity shares. All the
applicants in this category have been given firm allotment on a proportionate basis. Out
of 2175000 equity shares offered to QIBs are as per the terms of the issue, 108750 (i.e 5%
of 2175000 equity shares) has been allotted proportionately to mutual funds. Mutual Funds
applicants have also been considered eligible for proportionate allotment for the balance
equity shares in QIBs category i.e 2066250 shares.
Bidders should note that on the basis of name of the Bidders, DP ID and Client ID provided
by them in the Bid cum Application Form, Registrar to the Issue has obtained from the
Demographic Details of the Bidders details such as address, bank account details along
with the nine digit MICR Code and occupation (herein after referred to as
"Demographic Details") from the Depositories. These Demographic Details have
been used for all correspondence with the Bidders including mailing of the refund
orders/CANs/Allocation Advice/Refund Advice, printing of bank particulars on the refund
order and for refunds through ECS/Direct Credit/RTGS. The Demographic Details given by the
Bidders in the Bid-cum-application form would not be used for these purposes by the
Registrar. Investors should also note that the bank particulars received from the
Depositories have been used for refund through ECS/Direct Credit/RTGS and overprinted on
the refund orders. Applicants having a bank account in any of the 15 centres where
clearing houses are managed by the Reserve Bank of India (RBI),viz. Abmedabad, Bangalore,
Bhubaneshwar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai,
Nagpur, New Delhi, Patna and Thiruvananthapuram, will get refunds through mandatory
Electronic Clearance Scheme (ECS) only, except where applicant is otherwise disclosed as
eligible to get refunds through direct credit or Real lime Gross Settlement (WIGS).
Applicants having a bank account at any of the 15 centers detailed above, and whose bid
amount exceeds Rs. 1 million, were eligible to exercise the option to receive refunds, if
any, through RIGS if the IF SC code was mentioned in the Bid-cum-application form.
The despatch of Refund Orders has been completed by June 22,2007 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
printed with the Bank Mandate details as registered, if any, with the depositories. The
Equity Shares allocated to the successful applicants have been credited to their
beneficiary accounts on June 22,2007 subject to validation of the account details with the
depositories concerned. The Company has submitted the listing application on June 22,2007.
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 and within seven working
days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
The details of the allocation made have been hosted on the website of Registrar to the
Issue viz., Bigshare Limtied at firstname.lastname@example.org
All future correspondence in this regard may kindly be addressed to the Registrar to the
Issue quoting full name of the first/ sole applicant, serial number of the
Bid-cum-application form, number of Equity Shares bid for, name of the member of the
syndicate and place where the bid was submitted and payment details at the address given
Bigshare Services Private Limited
E-2, Ansa Industrial Estate, Sakivihar Road, Sakl Naka, Andherl (East), Mumbai - 400 072
Tel: +91 22 2847 3747/3474. Fax: +91 22 2847 5207.
Email: email@example.com Website: www.bigshareonline.com
Contact Person : Mr N V K Mohan
Date : June 25, 2007
For NELCAST LIMITED
On behalf of the Board of Directors
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 NELCAST