Basis of Allotment

DWARIKESH SUGAR

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.

Thank you Investors

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

 

 

 

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