Basis of Allotment

KOVI LPATTI LAKS H M 1 ROLLER FLOUR MILLS LIMITED

KOVILPATTI LAKSHMI ROLLER FLOUR MILLS LIMITED

(Incorporated as Kovilpatti Lakshmi Roller Flour Mills Private Limited on 16/12/1961, under the Companies Act, 1956, with the Registration No. 4674 of 1961. Subsequently the Company became a Public Limited Company by the name Kovilpatti Lakshmi Roller Flour Mills Limited w.e.f. 08/05/1982.)

Registered Office: 75/8, Benares Cape Road, Gangaikondan-627352, Tirunelveli District, Tamil Nadu.
Tel. No.: +91 (462) 2300231; Fax No.: +91 (462) 2486132. Administrative Office: 1054/21, Avanashi Road, Coimbatore-641018.
E-mail: klrfgdn@vsnl.com,Contact Person: T V Krishnamurthi, Compliance Officer.

PUBLIC ISSUE OF 26,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PREMIUM OF RS. 45/- PER SHARE (I.E. AT A PRICE OF RS. 55/- PER EQUITY SHARE) FOR CASH AGGREGATING RS. 1430.00 LAKHS (HEREINAFTER REFERRED TO AS THE "ISSUE").

THE ISSUE PRICE IS 5.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARE.

BASIS OF ALLOTMENT

The Board of Directors of Kovilpatti Lakshmi Roller Flour Mills Limited ("The Company") wish to thank all the investors for their response to the Public Issue. The basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited (BSE), the designated Stock Exchange, on December 19, 2006 and the equity shares have been allotted as per details given below:

Public Issue opened on Monday, November 27, 2006 and closed on Friday, December 01, 2006. The details of valid applications received are as follows:

Particulars
No of equity shares offered 26,00,000
No.of valid application received 1,937
Total no. of equity shares applied for 28,07,300
No. of times oversubscribed 1.08

 

Category No. of shares
offered
No. of shares
applied for
No. of valid
applications
received
No. of times
oversubscribed
NRIs/Flls 5,20,000 0 0 0.00
Mutual Funds/Banks/FIs 5,20,000 4,31,800 2 0.83
Employee/ Directors 2,60,000 1,73,500 25 0.67
Shareholders of the company 2,60,000 1,59,600 450 0.61
Resident Public 10,40,000 20,42,400 1,460 1.97
Total 26,00,000 28,07,300 1,937 1.08

Full and firm allotment has been made to Retail Investors, Employees/ Directors and Shareholders of the company in their respective categories for all the valid applications. No applications were received in the NRIs / FIIs category.

Allotments have been made on the proportionate basis in case of Resident Public- HNI Category, rounded off to the nearest integer subject to a minimum of 100 shares per allottee.

Basis of allotment of equity shares to the Resident Indian Public- HNI Category is as follows:

Category Ratio Shares allotted
per allottee
Category Ratio Shares allotted
per allottee
4000 Firm 3425 100000 Firm 85617
4500 Firm 3853 101800 Firm 87158
5000 Firm 4281 115000 Firm 98460
9000 Firm 7706 160000 Firm 136987
10000 Firm 8562 200000 Firm 171234
15000 Firm 12843 250000 Firm 214043
50000 Firm 42809 300000 Firm 256848
80000 Firm 68494

The dispatch of refund orders, allotment intimations and RTGS/ECS intimations has been completed as on 21.12.2006. The credit in respect of allotment in dematerialized form in Central Depository Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) to the valid beneficiary accounts has been completed as on 21.12.2006. The Company has received in-principal approval for listing of equity shares from BSE, vide their letter no. DCS/IPO/NP/FPO-IP1/219/2006 dated 20.12.2006.

The company has already made the listing application to Madras Stock Exchange (MSE) and Coimbatore Stock Exchange (CoSE), and other formalities regarding listing of equity shares on these exchanges are in the process of completion.

IMPORTANT NOTE: Investors may please note that new equity shares of the company allotted under this public issue shall have the same ISIN as the existing listed equity shares. Investors should note that though new equity shares will be credited to their demat accounts, they can trade in the new equity shares only after ascertaining that trading approvals have been issued and notified by BSE.

All futures correspondence in this regard may kindly be addressed to the Registrar to the Issue, whose address is furnished below, quoting full name of the first/sole applicant, application number, number of shares applied and Bank/branch where the application has been lodged.

Lead Manager to the issue Registrar to the Issue
Keynote Corporate Services Limited
307, Regent Chambers,
Nariman Point, Mumbai-400021.
Tel.: +91 22 2202 5230
Fax: +91 22 2283 5467
Website: www.keynoteindia.net
Email: klrf.fpo@keynoteindia.net
Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound,
LBS Marg, Bhandup (West), Mumbai 400078.
Phone: (91-22) 2596 0320 (9 lines)
Fax: (91-22) 2596 0329
Email: klrf@intimespectrum.com
Website: www.intimespectrum.com
Contact Person: Salim Shaikh

 


Place : Mumbai
Date : 21/12/2006

For Kovilpatti Lakshmi Roller Flour Mills Limited
Sd/-
Suresh Jagannathan
Managing Director

Close