DWARIKESH SUGAR
INDUSTRIES LIMITED
(Original incorporated as Dwarka Sugars Limited on 01st November 1993, the name
was subsequently changed to Dwarikesh Sugar Industries Limited on 18th April 1994.)
REGD. OFF.: Dwarikesh Nagar, Pin-246762, District Bijnor, Uttar Pradesh.
Tel.: (01343)
267 057-64 Fax: (01343) 267 065. CORP. OFF.: 511, Maker Chambers V, 221,
Nariman
Point, Mumbai - 400 021. Tel.: (022) 2283 2468 / 22042945 Fax: (022) 22808650
E-mail: secretarial@dwarkesh.com
Website: http//www.dwarikesh.com
Public Issue of 50,00,000 Equity Shares of Rs. 10/- each issued for
cash at a premium of Rs. 55/- per share aggregating Rs. 3250 Lacs.
BASIS OF ALLOTMENT
The Board of Directors of Dwarikesh Sugar Industries Limited ("the Company")
thanks all the investors and the intermediaries for the overwhelming success of the Public
Issue. 1101 applications were rejeceted on technical grounds. The details of valid
aplications are as under:
Category |
Offer |
Valid Applications Recd. |
shares applied under valid applications |
No. of
times subscribed |
No.of
shares
allotted |
No. of
allottees |
Reserved |
500000 |
60 |
5.83,500 |
1.167 |
500000 |
60 |
Public |
4500000 |
|
|
|
|
|
Retail |
|
81262 |
3,68,19,600 |
16.3642 |
2254200 |
22542 |
Non retail |
|
1342 |
7,00,82,800 |
31.1479 |
2250085 |
800 |
Total |
|
82604 |
10,69,02,400 |
23.7561 |
4504285 |
23342 |
Grant Total |
5000000 |
82664 |
10,74,85,900 |
|
5004285 |
23402 |
As per the Basis of Allotment approved by The Stock Exchange, Mumbai, the Board of
Directors have allotted the shares at its meeting held on December 24, 2004. Allotments
have been made on a proportionate basis within the specified categories, rounded off to
the nearest integer subject to a minimum of 100 shares per allottee. The details of
category wise allotment are as under:
Retail category (individual investors applying up to 700 shares)-
Sr.No. |
Category |
Ratio |
Shares
per
allottee |
No. of Allottees |
Sr.No. |
Category |
Ratio |
Shares
per
allottee |
No. of Allottees |
1. |
100 |
3 : 49 |
100 |
856 |
5. |
500 |
15 : 49 |
100 |
2231 |
2. |
200 |
6 : 49 |
100 |
1545 |
6. |
600 |
18 : 49 |
100 |
800 |
3. |
300 |
9 : 49 |
100 |
952 |
7. |
700 |
3 : 7 |
100 |
14838 |
4. |
400 |
12 : 49 |
100 |
1320 |
Total |
22542 |
Non-Retail category (investors including individuals applying for more than 700
shares)-
Sr.No. |
Category |
Ratio |
Shares
per
allottee |
No. of Allottees |
Sr.No. |
Category |
Ratio |
Shares
per
allottee |
No. of Allottees |
1. |
800 |
1 : 4 |
100 |
37 |
9. |
2300 |
4 : 5 |
100 |
4 |
2. |
900 |
2 : 7 |
100 |
13 |
10 |
2400 |
Firm |
100 |
2 |
3. |
1000 |
8 : 25 |
100 |
133 |
11. |
2500 |
17 : 21 |
100 |
17 |
4. |
1100 |
1 : 3 |
100 |
17 |
12. |
2600 |
Firm |
100 |
2 |
5. |
1200 |
7 : 18 |
100 |
7 |
13. |
3000 |
Firm |
100 |
28 |
6. |
1300-1900 |
1 : 2 |
100 |
38 |
14. |
3100 |
Firm |
100 |
7 |
7. |
2000 |
23 : 36 |
100 |
46 |
15. |
3200
onwards |
Firm |
Propor-
tionate |
445 |
8. |
2100 |
2 : 3 |
100 |
4 |
Total |
800 |
Applications under Reserved Category- All applications
upto 700 shares have been given full allotment and as per the term mentioned under
"Basis of Allotment" on page 20 of the prospectus, applications for more than
700 shares have been allotted on proportionate basis.
Dates of despatch of Refund Orders, Credit to beneficiary account and listing
Activity |
Date of Completion |
Despatch of Refund Orders |
28/12/2004 |
Electronic upload to NSDL & CDSL |
28/12/2004 |
Listing applications to BSE and NSE |
27/12/2004 |
All future correspondence in this respect should be addressed to the Registrar to the
Issue quoting Full Name of the first applicant, Serial No.of the Application Form No. of
Shares applied for and the Name of the BankBranch where the application was lodged at the
following address:
Intime Spectrum Registry Pvt. Ltd.
C-13, Pannalal SilkMills Compound, L. B. S. Marg, Bhandup (west), Mumbai - 400
078.
Tel. No.: +91-22-5555 5491; Fax No.: +91-22-5555 5499 Email: dsil@intimespecturm.com
Place : Mumbai
Date : December 28, 2004. |
For Dwarikesh Sugar Industries Limited
Sd/-
B. J. Maheshwari
AVP (Taxation) & Company Secretary |
|