TULIP IT SERVICES LTD.
(Incorporated as Tulip Software Private Ltd. on May 19, 1992 in
New Delhi under the Companies Act, 1956. The name of the Company was changed to
Tulip IT Services Ltd vide fresh certificate of Incorporation dated January 10, 2002
Registered Office: c-160, Okhla Industrial Area, Phase-1, New Delhi. Tel:+91-11-5167 8001,
Fax:+91-11-5167 8002. Email: ipo@tulipit.com Website:
www.tulipit.com.
BASIS OF ALLOCATION
PUBLIC ISSUE OF 90,00,000 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF RS.
120/- PER EQUITY SHARE AGGREGATING RS. 106.00 CHORES (REFERRED TO AS "THE
ISSUE"). THE ISSUE COMPRISES OF A RESERVATION OF 9,00,000 EQUITY SHARES OF RS. 10/-
EACH FOR ELIGIBLE EMPLOYEES AND A NET OFFER TO PUBLIC OF 81,00,000 EQUITY SHARES OF RS.
10/- EACH. THE NET OFFER TO PUBLIC WOULD CONSTITUTE 27.93% OF THE FULLY DILUTED POST ISSUE
PAID UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH. THE ISSUE PRICE OF RS.120/-PER EQUITY
SHARE IS 12 TIMES OF THE FACE VALUE.
The Issue was made through the 100% Book Building Process wherein up to 50% of the Net
Offer to the public was to be allocated on a proportionate basis to Qualified
Institutional Buyers ("QIBs"), (including 5% of the QIB portion that was to be
specifically allotted to Mutual Funds). Further not less than 15% of the Net Offer to the
public was available for allocation on a proportionate basis to Non-Institutional Bidders
and not less than 35% of the Net Offer to the public was 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 2,12,711 applications for 22,27,32,699 equity shares resulting In
24.75 times subscription. The details of the applications received in the Issue from
Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors
and Employees categories are as under:
| Category |
No. of Applications |
No. of Share* |
Subscription |
| Qualified Institutional Buyers |
121 |
9,27,51,350 |
22.90 |
| Non Institutional Investors |
809 |
5,59,65,200 |
46.06 |
| Retail Individual Investors |
2,11,673 |
7,35,50,563 |
25.94 |
| Employees |
108 |
4,65,586 |
0.52 |
Final Demand
A sample of the final demand at different bid prices is as under:
| Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
| 100 |
4,51,200 |
0.20 |
22,56,98,450 |
100.00 |
| 101 |
800 |
0.00 |
22,52,47,250 |
99.80 |
| 102 |
800 |
0.00 |
22,52,46,450 |
99.80 |
| 103 |
150 |
0.00 |
22,52,45,650 |
99.80 |
| 104 |
200 |
0.00 |
22,52,45,500 |
99.80 |
| 105 |
6,500 |
0.00 |
22,52,45,300 |
99.80 |
| 106 |
6,900 |
0.00 |
22,52,38,800 |
99.80 |
| 107 |
600 |
0.00 |
22,52,31,900 |
99.79 |
| 108 |
1,000 |
0.00 |
22,52,31,300 |
99.79 |
| 109 |
250 |
0.00 |
22,52,30,300 |
99.79 |
| 110 |
6,91,150 |
0.31 |
22,52,30,050 |
99.79 |
| 111 |
15,700 |
0.01 |
22,45,38,900 |
99.49 |
| 112 |
2,900 |
0.00 |
22,45,23,200 |
99.48 |
| 113 |
500 |
0.00 |
22,45,20,300 |
99.48 |
| 114 |
300 |
0.00 |
22,45,19,800 |
99.48 |
| 115 |
4,21,050 |
0.19 |
22,45,19,500 |
99.48 |
| 116 |
1,700 |
0.00 |
22,40,98,450 |
99.29 |
| 117 |
4,650 |
0.00 |
22,40,96,750 |
99.29 |
| 118 |
2,700 |
0.00 |
22,40,92,100 |
99.29 |
| 119 |
400 |
0.00 |
22,40,89,400 |
99.29 |
| 120 & Cut Off |
22,40,89,000 |
99.29 |
22,40,89,000 |
99.29 |
|
22,56,98,450 |
100.00 |
|
|
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 Alocaation to the Employees category, who have bid at cut-off or at the
Issue Price of Rs. 120/- per Equity Share, was finalized in consultation with BSE. The
category was subscribed to the extent of 0.52 times. Hence FULL and FIRM allotments have
been made against all valid applications. The total number of shares allotted in this
category is 4,65,500 Equity Shares. The spill over portion of 4,34,600 equity shares has
been added to Retail Individual Investors category.
B. Allocation to Retail Investors
The Basis of Allocation to Retail Investors, who have bid at cut-off or at the Issue
Price of Rs.120/- per Equity Share, was finalized in consultation with BSE. The category
was over subscribed 21.75 times. The total number of shares allotted in this category is
32,69,500 Equity Shares. The category-wise details of the Basis of Allocation are as
under:
| Category |
No. of
Applns. |
% to total |
Total No.
of Shares
applied |
% to total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
| 50 |
19,421 |
9.46 |
9,71,050 |
1.37 |
50 |
4:79 |
49,200 |
| 100 |
25,162 |
12.26 |
25,16,200 |
3.54 |
50 |
3:32 |
1,17,950 |
| 150 |
10,515 |
5.12 |
15,77,250 |
2.22 |
50 |
4:29 |
72,500 |
| 200 |
18,358 |
8.95 |
36,71,600 |
5.16 |
50 |
7:38 |
1,69,100 |
| 250 |
7,382 |
3.60 |
18,45,500 |
2.59 |
50 |
3:13 |
85,200 |
| 300 |
9,452 |
4.61 |
28,35,600 |
3.99 |
50 |
8:29 |
1,30,350 |
| 350 |
4,719 |
2.30 |
16,51,650 |
2.32 |
50 |
12:37 |
76,500 |
| 400 |
76,727 |
37.39 |
3,06,90,800 |
43.15 |
50 |
11:30 |
14,06,650 |
| 450 |
1,042 |
0.51 |
4,68,900 |
0.66 |
50 |
5:12 |
21,700 |
| 500 |
2,281 |
1.11 |
11,40,500 |
1.60 |
50 |
11:24 |
52,250 |
| 550 |
320 |
0.16 |
1,76,000 |
0.25 |
50 |
1:2 |
8,000 |
| 600 |
851 |
0.41 |
5,10,600 |
0.72 |
50 |
6:11 |
23,200 |
| 650 |
245 |
0.12 |
1,59,250 |
0.22 |
50 |
13:22 |
7,250 |
| 700 |
563 |
0.27 |
3,94,100 |
0.55 |
50 |
7:11 |
17,900 |
| 750 |
533 |
0.26 |
3,99,750 |
0.56 |
50 |
15:22 |
18,150 |
| 800 |
27,643 |
13.47 |
2,21,14,400 |
31.09 |
50 |
11:15 |
10,13,600 |
C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue
Price of Rs. 120/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed 45.96 times. The total number of shares allotted in this category is
12,15,000 Equity Shares. The categorv-wise details of the Basis of Allocation are as
under:
| Category |
No. of
Applns. |
% to total |
Total No.
of Shares
applied |
% to total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
| 850 |
52 |
6.80 |
44,200 |
0.08 |
50 |
3:8 |
1,000 |
| 900 |
13 |
1.70 |
11,700 |
0.02 |
50 |
5:13 |
250 |
| 950 |
2 |
0.26 |
1,900 |
0.00 |
50 |
1:2 |
50 |
| 1000 |
82 |
10.72 |
82,000 |
0.15 |
50 |
4:9 |
1,800 |
| 1050 |
2 |
0.26 |
2,100 |
0.00 |
50 |
1:2 |
50 |
| 1100 |
4 |
0.52 |
4,400 |
0.01 |
50 |
1:2 |
100 |
| 1150 |
1 |
0.13 |
1,150 |
0.00 |
50 |
FIRM |
50 |
| 1200 |
8 |
1.05 |
9,600 |
0.02 |
50 |
1:2 |
200 |
| 1250 |
10 |
1.31 |
12,500 |
0.02 |
50 |
1:2 |
250 |
| 1300 |
1 |
0.13 |
1,300 |
0.00 |
50 |
FIRM |
50 |
| 1400 |
1 |
0.13 |
1,400 |
0.00 |
50 |
FIRM |
50 |
| 1450 |
1 |
0.13 |
1,450 |
0.00 |
50 |
FIRM |
50 |
| 1500 |
10 |
1.31 |
15,000 |
0.03 |
50 |
2:3 |
350 |
| 1550 |
1 |
0.13 |
1,550 |
0.00 |
50 |
FIRM |
50 |
| 1600 |
7 |
0.92 |
11,200 |
0.02 |
50 |
4:7 |
200 |
| 1650 |
5 |
0.65 |
8,250 |
0.01 |
50 |
3:5 |
150 |
| 1700 |
2 |
0.26 |
3,400 |
0.01 |
50 |
1:2 |
50 |
| 1800 |
1 |
0.13 |
1,800 |
0.00 |
50 |
FIRM |
50 |
| 2000 |
23 |
3.01 |
46,000 |
0.08 |
50 |
6:07 |
1,000 |
| 2050-2500 |
28 |
3.66 |
67,800 |
0.12 |
50 |
FIRM |
1,400 |
| 2550 |
1 |
0.13 |
2,550 |
0.00 |
55 |
FIRM |
55 |
| 2600 |
2 |
0.26 |
5,200 |
0.01 |
57 |
FIRM |
114 |
| 2850 |
1 |
0.13 |
2,850 |
0.01 |
62 |
FIRM |
62 |
| 2950 |
1 |
0.13 |
2,950 |
0.01 |
64 |
FIRM |
64 |
| 3000 |
7 |
0.92 |
21,000 |
0.04 |
65 |
FIRM |
455 |
| 3050 |
3 |
0.39 |
9,150 |
0.02 |
66 |
FIRM |
198 |
| 3100 |
1 |
0.13 |
3,100 |
0.01 |
67 |
FIRM |
67 |
| 3150 |
1 |
0.13 |
3,150 |
0.01 |
69 |
FIRM |
69 |
| 3200 |
1 |
0.13 |
3,200 |
0.01 |
70 |
FIRM |
70 |
| 3300 |
2 |
0.26 |
6,600 |
0.01 |
72 |
FIRM |
144 |
| 3350 |
1 |
0.13 |
3,350 |
0.01 |
73 |
FIRM |
73 |
| 3400 |
2 |
0.26 |
6,800 |
0.01 |
74 |
FIRM |
148 |
| 3500 |
1 |
0.13 |
3,500 |
0.01 |
76 |
FIRM |
76 |
| 3750 |
1 |
0.13 |
3,750 |
0.01 |
82 |
FIRM |
82 |
| 3900 |
1 |
0.13 |
3,900 |
0.01 |
85 |
FIRM |
85 |
| 4000 |
9 |
1.18 |
36,000 |
0.06 |
87 |
FIRM |
783 |
| 4050 |
1 |
0.13 |
4,050 |
0.01 |
88 |
FIRM |
88 |
| 4100 |
4 |
0.52 |
16,400 |
0.03 |
89 |
FIRM |
356 |
| 4150 |
12 |
1.57 |
49,800 |
0.09 |
90 |
FIRM |
1,080 |
| 4200 |
7 |
0.92 |
29,400 |
0.05 |
91 |
FIRM |
637 |
| 4250 |
1 |
0.13 |
4,250 |
0.01 |
92 |
FIRM |
92 |
| 4500 |
3 |
0.39 |
13,500 |
0.02 |
98 |
FIRM |
294 |
| 4600 |
1 |
0.13 |
4,600 |
0.01 |
100 |
FIRM |
100 |
| 4650 |
1 |
0.13 |
4,650 |
0.01 |
101 |
FIRM |
101 |
| 4700 |
1 |
0.13 |
4,700 |
0.01 |
102 |
FIRM |
102 |
| 4950 |
1 |
0.13 |
4,950 |
0.01 |
108 |
FIRM |
108 |
| 5000 |
23 |
3.01 |
1,15,000 |
0.21 |
109 |
FIRM |
2,507 |
| 5050 |
1 |
0.13 |
5,050 |
0.01 |
110 |
FIRM |
110 |
| 5350 |
1 |
0.13 |
5,350 |
0.01 |
116 |
FIRM |
116 |
| 5400 |
1 |
0.13 |
5,400 |
0.01 |
117 |
FIRM |
117 |
| 5500 |
2 |
0.26 |
11,000 |
0.02 |
120 |
FIRM |
240 |
| 5650 |
1 |
0.13 |
5,650 |
0.01 |
123 |
FIRM |
123 |
| 5800 |
1 |
0.13 |
5,800 |
0.01 |
126 |
FIRM |
126 |
| 6000 |
3 |
0.39 |
18,000 |
0.03 |
131 |
FIRM |
393 |
| 6100 |
1 |
0.13 |
6,100 |
0.01 |
133 |
FIRM |
133 |
| 6250 |
2 |
0.26 |
12,500 |
0.02 |
136 |
FIRM |
272 |
| 6300 |
4 |
0.52 |
25,200 |
0.05 |
137 |
FIRM |
548 |
| 6500 |
4 |
0.52 |
26,000 |
0.05 |
142 |
FIRM |
568 |
| 6700 |
1 |
0.13 |
6,700 |
0.01 |
146 |
FIRM |
146 |
| 6900 |
1 |
0.13 |
6,900 |
0.01 |
150 |
FIRM |
150 |
| 6950 |
1 |
0.13 |
6,950 |
0.01 |
151 |
FIRM |
151 |
| 7000 |
4 |
0.52 |
28,000 |
0.05 |
152 |
FIRM |
608 |
| 7050 |
1 |
0.13 |
7,050 |
0.01 |
153 |
FIRM |
153 |
| 7300 |
1 |
0.13 |
7,300 |
0.01 |
159 |
FIRM |
159 |
| 7400 |
2 |
0.26 |
14,800 |
0.03 |
161 |
FIRM |
322 |
| 7500 |
3 |
0.39 |
22,500 |
0.04 |
163 |
FIRM |
489 |
| 7600 |
1 |
0.13 |
7,600 |
0.01 |
165 |
FIRM |
165 |
| 8000 |
5 |
0.65 |
40,000 |
0.07 |
174 |
FIRM |
870 |
| 8100 |
2 |
0.26 |
16,200 |
0.03 |
176 |
FIRM |
352 |
| 8300 |
13 |
1.70 |
1,07,900 |
0.19 |
181 |
FIRM |
2,353 |
| 8350 |
3 |
0.39 |
25,050 |
0.04 |
182 |
FIRM |
546 |
| 8400 |
2 |
0.26 |
16,800 |
0.03 |
183 |
FIRM |
366 |
| 8500 |
3 |
0.39 |
25,500 |
0.05 |
185 |
FIRM |
555 |
| 8600 |
1 |
0.13 |
8,600 |
0.02 |
187 |
FIRM |
187 |
| 8750 & 8800 |
3 |
0.39 |
26,300 |
0.05 |
191 |
FIRM |
573 |
| 8900 |
1 |
0.13 |
8,900 |
0.02 |
194 |
FIRM |
194 |
| 9000 |
8 |
1.05 |
72,000 |
0.13 |
196 |
FIRM |
1,568 |
| 9200 |
1 |
0.13 |
9,200 |
0.02 |
200 |
FIRM |
200 |
| 9500 |
1 |
0.13 |
9,500 |
0.02 |
207 |
FIRM |
207 |
| 9550 |
1 |
0.13 |
9,550 |
0.02 |
208 |
FIRM |
208 |
| 9750 |
2 |
0.26 |
19,500 |
0.03 |
212 |
FIRM |
424 |
| 10000 |
9 |
1.18 |
90,000 |
0.16 |
218 |
FIRM |
1,962 |
| 10100 |
1 |
0.13 |
10,100 |
0.02 |
220 |
FIRM |
220 |
| 10450 |
1 |
0.13 |
10,450 |
0.02 |
227 |
FIRM |
227 |
| 10800 |
1 |
0.13 |
10,800 |
0.02 |
235 |
FIRM |
235 |
| 10950 |
1 |
0.13 |
10,950 |
0.02 |
238 |
FIRM |
238 |
| 11000 |
1 |
0.13 |
11,000 |
0.02 |
239 |
FIRM |
239 |
| 11450 |
1 |
0.13 |
11,450 |
0.02 |
249 |
FIRM |
249 |
| 11500 |
2 |
0.26 |
23,000 |
0.04 |
250 |
FIRM |
500 |
| 12000 |
4 |
0.52 |
48,000 |
0.09 |
261 |
FIRM |
1,044 |
| 12050 |
1 |
0.13 |
12,050 |
0.02 |
262 |
FIRM |
262 |
| 12500 |
5 |
0.65 |
62,500 |
0.11 |
272 |
FIRM |
1,360 |
| 12800 |
1 |
0.13 |
12,800 |
0.02 |
278 |
FIRM |
278 |
| 13000 |
1 |
0.13 |
13,000 |
0.02 |
283 |
FIRM |
283 |
| 13250 |
1 |
0.13 |
13,250 |
0.02 |
288 |
FIRM |
288 |
| 13300 |
2 |
0.26 |
26,600 |
0.05 |
290 |
FIRM |
580 |
| 13500 |
1 |
0.13 |
13,500 |
0.02 |
294 |
FIRM |
294 |
| 13950 |
1 |
0.13 |
13,950 |
0.02 |
304 |
FIRM |
304 |
| 14100 |
1 |
0.13 |
14,100 |
0.03 |
307 |
FIRM |
307 |
| 14200 |
1 |
0.13 |
14,200 |
0.03 |
309 |
FIRM |
309 |
| 14500 |
3 |
0.39 |
43,500 |
0.08 |
315 |
FIRM |
945 |
| 15000 |
8 |
1.05 |
1,20,000 |
0.21 |
326 |
FIRM |
2,608 |
| 15250 |
1 |
0.13 |
15,250 |
0.03 |
332 |
FIRM |
332 |
| 15750 |
1 |
0.13 |
15,750 |
0.03 |
343 |
FIRM |
343 |
| 15950 |
1 |
0.13 |
15,950 |
0.03 |
347 |
FIRM |
347 |
| 16000 |
4 |
0.52 |
64,000 |
0.11 |
348 |
FIRM |
1,392 |
| 16500 |
6 |
0.78 |
99,000 |
0.18 |
359 |
FIRM |
2,154 |
| 16600 |
1 |
0.13 |
16,600 |
0.03 |
361 |
FIRM |
361 |
| 16650 |
3 |
0.39 |
49,950 |
0.09 |
362 |
FIRM |
1,086 |
| 16700 |
4 |
0.52 |
66,800 |
0.12 |
363 |
FIRM |
1,452 |
| 17000 |
1 |
0.13 |
17,000 |
0.03 |
370 |
FIRM |
370 |
| 17150 |
1 |
0.13 |
17,150 |
0.03 |
373 |
FIRM |
373 |
| 17300 |
1 |
0.13 |
17,300 |
0.03 |
376 |
FIRM |
376 |
| 17350 |
1 |
0.13 |
17,350 |
0.03 |
377 |
FIRM |
377 |
| 17400 |
1 |
0.13 |
17,400 |
0.03 |
379 |
FIRM |
379 |
| 17500 |
1 |
0.13 |
17,500 |
0.03 |
381 |
FIRM |
381 |
| 18000 |
2 |
0.26 |
36,000 |
0.06 |
392 |
FIRM |
784 |
| 18250 |
2 |
0.26 |
36,500 |
0.07 |
397 |
FIRM |
794 |
| 18300 |
2 |
0.26 |
36,600 |
0.07 |
398 |
FIRM |
796 |
| 19150 |
1 |
0.13 |
19,150 |
0.03 |
417 |
FIRM |
417 |
| 20000 |
3 |
0.39 |
60,000 |
0.11 |
435 |
FIRM |
1,305 |
| 20300 |
1 |
0.13 |
20,300 |
0.04 |
442 |
FIRM |
442 |
| 20700 |
1 |
0.13 |
20,700 |
0.04 |
450 |
FIRM |
450 |
| 20800 |
6 |
0.78 |
1,24,800 |
0.22 |
453 |
FIRM |
2,718 |
| 20850 |
2 |
0.26 |
41,700 |
0.07 |
454 |
FIRM |
908 |
| 21000 |
2 |
0.26 |
42,000 |
0.08 |
457 |
FIRM |
914 |
| 22150 |
1 |
0.13 |
22,150 |
0.04 |
482 |
FIRM |
482 |
| 22900 |
1 |
0.13 |
22,900 |
0.04 |
498 |
FIRM |
498 |
| 23350 |
1 |
0.13 |
23,350 |
0.04 |
508 |
FIRM |
508 |
| 25000 |
19 |
2.48 |
4,75,000 |
0.85 |
544 |
FIRM |
10,336 |
| 25750 |
1 |
0.13 |
25,750 |
0.05 |
560 |
FIRM |
560 |
| 26850 |
1 |
0.13 |
26,850 |
0.05 |
584 |
FIRM |
584 |
| 27000 |
1 |
0.13 |
27,000 |
0.05 |
587 |
FIRM |
587 |
| 27500 |
1 |
0.13 |
27,500 |
0.05 |
598 |
FIRM |
598 |
| 28500 |
1 |
0.13 |
28,500 |
0.05 |
620 |
FIRM |
620 |
| 29000 |
1 |
0.13 |
29,000 |
0.05 |
631 |
FIRM |
631 |
| 30000 |
5 |
0.65 |
1,50,000 |
0.27 |
653 |
FIRM |
3,265 |
| 31650 |
1 |
0.13 |
31,650 |
0.06 |
689 |
FIRM |
689 |
| 32000 |
1 |
0.13 |
32,000 |
0.06 |
696 |
FIRM |
696 |
| 32500 |
1 |
0.13 |
32,500 |
0.06 |
707 |
FIRM |
707 |
| 33300 |
2 |
0.26 |
66,600 |
0.12 |
725 |
FIRM |
1,450 |
| 33350 |
1 |
0.13 |
33,350 |
0.06 |
726 |
FIRM |
726 |
| 34000 |
1 |
0.13 |
34,000 |
0.06 |
740 |
FIRM |
740 |
| 34600 |
1 |
0.13 |
34,600 |
0.06 |
753 |
FIRM |
753 |
| 35000 |
3 |
0.39 |
1,05,000 |
0.19 |
762 |
FIRM |
2,286 |
| 35800 |
2 |
0.26 |
71,600 |
0.13 |
779 |
FIRM |
1,558 |
| 37500 |
5 |
0.65 |
1,87,500 |
0.34 |
816 |
FIRM |
4,080 |
| 39000 |
1 |
0.13 |
39,000 |
0.07 |
849 |
FIRM |
849 |
| 39400 |
1 |
0.13 |
39,400 |
0.07 |
857 |
FIRM |
857 |
| 40000 |
2 |
0.26 |
80,000 |
0.14 |
871 |
FIRM |
1,742 |
| 40100 |
3 |
0.39 |
1,20,300 |
0.22 |
872 |
FIRM |
2,616 |
| 41000 |
1 |
0.13 |
41,000 |
0.07 |
892 |
FIRM |
892 |
| 41500 |
5 |
0.65 |
2,07,500 |
0.37 |
903 |
FIRM |
4,515 |
| 41600 |
2 |
0.26 |
83,200 |
0.15 |
905 |
FIRM |
1,810 |
| 41650 |
9 |
1.18 |
3,74,850 |
0.67 |
906 |
FIRM |
8,154 |
| 41700 |
1 |
0.13 |
41,700 |
0.07 |
907 |
FIRM |
907 |
| 42000 |
2 |
0.26 |
84,000 |
0.15 |
914 |
FIRM |
1,828 |
| 43750 |
1 |
0.13 |
43,750 |
0.08 |
952 |
FIRM |
952 |
| 45000 |
3 |
0.39 |
1,35,000 |
0.24 |
979 |
FIRM |
2,937 |
| 45800 |
1 |
0.13 |
45,800 |
0.08 |
996 |
FIRM |
996 |
| 50000 |
8 |
1.05 |
4,00,000 |
0.72 |
1088 |
FIRM |
8,704 |
| 51600 |
1 |
0.13 |
51,600 |
0.09 |
1123 |
FIRM |
1,123 |
| 58000 |
1 |
0.13 |
58,000 |
0.10 |
1262 |
FIRM |
1,262 |
| 58300 |
1 |
0.13 |
58,300 |
0.10 |
1268 |
FIRM |
1,268 |
| 60000 |
1 |
0.13 |
60,000 |
0.11 |
1305 |
FIRM |
1,305 |
| 62500 |
3 |
0.39 |
1,87,500 |
0.34 |
1360 |
FIRM |
4,080 |
| 63000 |
1 |
0.13 |
63,000 |
0.11 |
1371 |
FIRM |
1,371 |
| 70000 |
1 |
0.13 |
70,000 |
0.13 |
1523 |
FIRM |
1,523 |
| 71300 |
1 |
0.13 |
71,300 |
0.13 |
1551 |
FIRM |
1,551 |
| 71750 |
1 |
0.13 |
71,750 |
0.13 |
1561 |
FIRM |
1,561 |
| 72000 |
1 |
0.13 |
72,000 |
0.13 |
1567 |
FIRM |
1,567 |
| 75000 |
4 |
0.52 |
3,00,000 |
0.54 |
1632 |
FIRM |
6,526 |
| 80000 |
2 |
0.26 |
1,60,000 |
0.29 |
1741 |
FIRM |
3,462 |
| 80100 |
1 |
0.13 |
80,100 |
0.14 |
1743 |
FIRM |
1,743 |
| 81000 |
1 |
0.13 |
81,000 |
0.15 |
1762 |
FIRM |
1,782 |
| 83300 |
15 |
1.96 |
12,49,500 |
2.24 |
1812 |
FIRM |
27,180 |
| 83350 |
1 |
0.92 |
5,83,450 |
1.04 |
1813 |
FIRM |
12,891 |
| 83500 |
1 |
0.13 |
83,500 |
0.15 |
1817 |
FIRM |
1,817 |
| 84000 |
1 |
0.13 |
84,000 |
0.15 |
1828 |
FIRM |
1,828 |
| 85000 |
1 |
0.52 |
3,40,000 |
0,61 |
1850 |
FIRM |
7,400 |
| 87000 |
1 |
0.13 |
87,000 |
0.16 |
1893 |
FIRM |
1,893 |
| 87300 |
1 |
0.13 |
87,300 |
0.16 |
1899 |
FIRM |
1,899 |
| 90000 |
1 |
0.13 |
90,000 |
0.16 |
1958 |
FIRM |
1,958 |
| 90750 |
1 |
0.13 |
90,750 |
0.16 |
1974 |
FIRM |
1,974 |
| 91700 |
1 |
0.13 |
91,700 |
0.16 |
1995 |
FIRM |
1,995 |
| 93750 |
1 |
0.13 |
93,750 |
0.17 |
2040 |
FIRM |
2,040 |
| 95850 |
1 |
0.13 |
95,850 |
0.17 |
2085 |
FIRM |
2,065 |
| 97800 |
1 |
0.13 |
97,800 |
0.18 |
2128 |
FIRM |
2,128 |
| 99000 |
1 |
0.13 |
99,000 |
0.18 |
2154 |
FIRM |
2,154 |
| 100000 |
17 |
2.22 |
17,00,000 |
3.04 |
2176 |
FIRM |
36,992 |
| 102000 |
1 |
0.13 |
1,02,000 |
0.18 |
2219 |
FIRM |
2,219 |
| 105000 |
2 |
0.26 |
2,10,000 |
0.38 |
2285 |
FIRM |
4,570 |
| 110000 |
1 |
0.13 |
1,10,000 |
0.20 |
2393 |
FIRM |
2,393 |
| 120000 |
1 |
0.13 |
1,20,000 |
0.21 |
2611 |
FIRM |
2,611 |
| 123000 |
1 |
0.13 |
1,23,000 |
0.22 |
2676 |
FIRM |
2,676 |
| 125000 |
1 |
0.26 |
2,50,000 |
0.45 |
2720 |
FIRM |
5,440 |
| 127150 |
1 |
0.13 |
1,27,150 |
0.23 |
2766 |
FIRM |
2,766 |
| 128000 |
1 |
0.13 |
1,28,000 |
0.23 |
2785 |
FIRM |
2,785 |
| .132000 |
1 |
0.13 |
1,32,000 |
0.24 |
2872 |
FIRM |
2,872 |
| 133250 |
1 |
0.13 |
1,33,250 |
0.24 |
2899 |
FIRM |
2,899 |
| 150000 |
5 |
0.65 |
7,50,000 |
1.34 |
3264 |
FIRM |
16,320 |
| 160000 |
1 |
0.13 |
1,60,000 |
0.29 |
3481 |
FIRM |
3,481 |
| 166500 |
1 |
0.13 |
1,66,500 |
0.30 |
3623 |
FIRM |
3,623 |
| 166600 |
1 |
0.13 |
1,66,600 |
0.30 |
3625 |
FIRM |
3,625 |
| 166650 |
1 |
0.13 |
1,66,650 |
0.30 |
3626 |
FIRM |
3,626 |
| 166700 |
1 |
0.13 |
1,66,700 |
0.30 |
3627 |
FIRM |
3,627 |
| 175000 |
1 |
0.13 |
1,75,000 |
0.31 |
3808 |
FIRM |
3,806 |
| 178250 |
1 |
0.13 |
1,78,250 |
0.32 |
3878 |
FIRM |
3,878 |
| 191000 |
1 |
0.13 |
1,91,000 |
0.34 |
4156 |
FIRM |
4,156 |
| 200000 |
6 |
0.78 |
12,00,000 |
2.15 |
4352 |
FIRM |
26,112 |
| 210000 |
3 |
0.39 |
6,30,000 |
1.13 |
4569 |
FIRM |
13,707 |
| 225500 |
1 |
0.13 |
2,25,500 |
0.40 |
4906 |
FIRM |
4,906 |
| 250000 |
9 |
1.18 |
22,50,000 |
4.03 |
5439 |
FIRM |
48,951 |
| 291600 |
1 |
0.13 |
2,91,600 |
0.52 |
6344 |
FIRM |
6,344 |
| 300000 |
3 |
0.39 |
9,00,000 |
1.61 |
6527 |
FIRM |
19,581 |
| 306650 |
1 |
0.13 |
3,06,650 |
0.55 |
6672 |
FIRM |
6,672 |
| 333350 |
1 |
0.13 |
3,33,350 |
0.60 |
7253 |
FIRM |
7,253 |
| 400000 |
2 |
0.26 |
8,00,000 |
1.43 |
8703 |
FIRM |
17,406 |
| 416650 |
1 |
0.13 |
4,16,650 |
0.75 |
9065 |
FIRM |
9,065 |
| 417000 |
1 |
0.13 |
4,17,000 |
0.75 |
9073 |
FIRM |
9,073 |
| 432500 |
1 |
0.13 |
4,32,500 |
0.77 |
9410 |
FIRM |
9,410 |
| 440000 |
2 |
0.26 |
8,80,000 |
1.58 |
9573 |
FIRM |
19,146 |
| 500000 |
1 |
0.13 |
5,00,000 |
0.90 |
10879 |
FIRM |
10,879 |
| 555050 |
1 |
0.13 |
5,55,050 |
0.99 |
12076 |
FIRM |
12,076 |
| 582000 |
1 |
0.13 |
5,82,000 |
1.04 |
12663 |
FIRM |
12,663 |
| 600000 |
1 |
0.13 |
6,00,000 |
1.07 |
13054 |
FIRM |
13,054 |
| 625000 |
2 |
0.26 |
12,50,000 |
2.24 |
13599 |
FIRM |
27,198 |
| 800000 |
3 |
0.39 |
24,00,000 |
4.30 |
17406 |
FIRM |
52,218 |
| 833300 |
4 |
0.52 |
33,33,200 |
5.97 |
18131 |
FIRM |
72,524 |
| 834000 |
1 |
0.13 |
8,34,000 |
1.49 |
18146 |
FIRM |
18,146 |
| 1000000 |
1 |
0.13 |
10,00,000 |
1.79 |
21757 |
FIRM |
21,757. |
| 1095000 |
2 |
0.26 |
21,90,000 |
3.92 |
23825 |
FIRM |
47,650 |
| 1249950 |
1 |
0.13 |
12,49,950 |
2.24 |
27196 |
FIRM |
27,196 |
| 2083300 |
1 |
0.13 |
20,83,300 |
3.73 |
45327 |
FIRM |
45,327 |
| 6250000 |
1 |
0.13 |
62,50,000 |
11.19 |
135984 |
FIRM |
1,36,984 |
| 8100000 |
1 |
0.13 |
61,00,000 |
14.50 |
176219 |
FIRM |
1,76,219 |
D. Allocation to QIBs
Allocation to QIBs have been done on a proportionate basis in consultation with BSE. As
per SEBI DIP Guidelines, Mutual Funds were initially allotted 5% of the quantum of shares
available (2,02,500). Other QIBs and unsatisfied demands of Mutual Funds were allotted the
remaining available shares (38,47,500) on proportionate basis.
| Category |
Fls/Banks |
MFs |
Flls |
Insurance Campanies |
VCa |
Total |
| No. of Shares |
6,74,306 |
15,77,936 |
17,48,218 |
44,343 |
5,197 |
40,50,000 |
The Board of Directors of the company at their meeting held at Hyderabad on December
28, 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 have been dispatched on December 29, 2005 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 over-printed 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.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the
Issue, Karvy Computershare Private Limited at
www.karvy.com or http://kcpl.karvy.com
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-applicatlon 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: Tulip IT Services Ltd]
Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034,
Fax: 040-23311968. Email: mailmanager@karvy.com
TOLL FREE - HELPLINE NUMBER: 1-600-3454001
Place: New Delhi
Date: January 2, 2006 |
For Tulip IT Services Limited
Sd/-
Dinesh Kaushal
CFO & Company Secretary |
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 TULIP IT SERVICES
LIMITED. |