|Basis of Allotment|
JK CEMENT LTD
(Incorporated under the Companies Act, 1956 on November 24, 1994 as J.K.
BASIS OF ALLOCATION
PUBLIC ISSUE OF 20,000,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 148 PER EQUITY SHARE AGGREGATING RS.2,960 MILLION (HEREINAFTER REFERRED TO AS THE "ISSUE") BY J.K. CEMENT LIMITED ("J.K. CEMENT", "THE COMPANY" OR "THE ISSUER"). 200,000 EQUITY SHARES SHALL BE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY EMPLOYEES AT THE ISSUE PRICE (THE "EMPLOYEE RESERVATION PORTION") AND 1,800,000 EQUITY SHARES SHALL BE RESERVED IN 'THE ISSUE FOR SUBSCRIPTION BY EXISTING SHAREHOLDERS AT THE ISSUE PRICE (THE "EXISTING SHAREHOLDERS RESERVATION PORTION", AND THE ISSUE OF EQUITY SHARES OTHER THAN THE EMPLOYEE RESERVATION PORTION AND THE EXISTING SHAREHOLDERS RESERVATION PORTION, THE "NET ISSUE"). THE ISSUE SHALL CONSTITUTE 28.60% OF THE FULLY DILUTED POST ISSUE CAPITAL OF OUR COMPANY.
ISSUE PRICE: Rs. 148 PER EQUITY SHARE
The Issue made through the 100% Book Building Process wherein at least 50% of the Net
Issue has been allocated on a proportionate basis to Qualified Institutional Buyers
("QIBs"). (5% of the QIB Portion would be specifically reserved for mutual
funds). Further, not less than, 15% of the Net Issue has been available for allocation on
a proportionate basis to Non-Institutional Bidders and not less than 35% of the
Net Issue has been available for allocation on a proportionate basis to Retail Individual
Bidders, subject to valid Bids being received at or above the Issue Price. Further, up to
200;000 Equity Shares has been available for allocation on a proportionate basis to the
Employees, subject to valid Bids beingreceived at or above the Issue Price and up to
1,800,000 Equity Shares has been available -for allocation on a proportionate basis to the
Existing Shareholders, subject to valid Bids being received at or above the Issue Price.
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited (BSE) on 9th March, 2006.
A) Allocation to Employees
B) Allocation to Existing Shareholders
C) Allocation to Retail Investors
D) Allocation to Non Institutional Investors
E) Allocation to QIBs
The Board of Directors of the Company at its meeting held at Kanpur on 9th March, 2006 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 will 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 over printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants have been credited to their beneficiary accounts on 11th March, 2006 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 the Bombay Stock Exchange Limited and the National Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE : The detail of allocation made would be hosted on the website of Registrar to the Issue, MCS Limited at www.mcsind.com
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 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:
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES OF THE COMPANY ON LISTING OR THE BUSINESS PROSPECTS OF THE COMPANY.