SPANCO
SPANCO TELESYSTEMS AND SOLUTIONS LIMITED
B-22, Krishna Bhuvan, B.S. Deoshi Marg, Deonar, Mumbai -400 088
Tel: (022) 5597 5566, 2555 7201; Fax: (022) 5597 5599
Composite Issue aggregating to Rs. 2500.00 lacs comprising of:
Right Issue of 69,855,000 equity shares of Rs.10/- each
for cash at a premium of Rs.15/- per share (i.e At a price of Rs.25/- per share)
aggregating to Rs.1746.25 lacs to the existing equity shareholders of the company in the
ratio of 1 (one) equity share for every equity share held i.e (1:1) as on 15/09/2004
(record date)
Public Issue of 30,15,000 equity share of Rs.10/- each at a premium of
Rs.15/- per share (i.e. At a price of Rs.25/-
BASIS OF ALLOTMENT
The Board of Directors of the Spanco thanks the Investing Shareholders and
Public for their overwhelming response to the Rights cum Public Issue of Equity Shares of
the Company. The Basis of Allotment was finalised on November 25,2004 in consultation with
the The Stock Exchange Mumbai (BSE) and shares have been allotted as per details given
below:
Rights Issue: Issue Opened on 08/10/2004 and Closed on 08/11/2004
Particulars |
|
No. of shares offered on Right basis |
69,85,000 |
No. of Valid application received |
645 |
Total no. of shares applied for |
97,83,926 |
% to the net offer |
140.07% |
All the valid application have been considered for allotment. The break-up of the
applicants & allottees who have lodged applications through Cash/Cheque/Demand Drafs
is given below:
Category |
No. of Applications |
Entitlement (No. of Shares) |
Additional Shares |
Total |
Allotment |
Shareholders who applied for their entitlement without additional shares |
19 |
3,82,544 |
- |
3,82,544 |
3,82,544 |
Shareholders who applied for their entitlement with additional shares |
386 |
37,74,560 |
28,32,242 |
66,06,802 |
39,52,603 |
Renouncees without Additional shares |
35 |
25,04,660 |
- |
25,04,660 |
25,04,660 |
Renouncees without Additional shares |
56 |
1,44,742 |
1,24,178 |
2,68,920 |
1,44,742 |
Total |
636 |
68,06,506 |
29,56,420 |
97,62,926 |
69,84,549 |
Note: 9 applications have been rejected for technical reasons.
Beneficiary ownership in respect of 451 shares have not been established by NSDL as on the
record date. Applications for these 451 shares have been kept in abeyance.
Public Issue : Issue Opened on 01/11/2004 and Closed on 08/11/2004.
The Public Issue component has been oversubscriped 47.05 times as follows:
Application Category |
No. of Valid applications received |
No. of shares applied for |
No. of shares offered |
No. of times oversubscribed |
NRI/FII |
54 |
75,79,300 |
13,56,500 |
5.59 |
Employees |
44 |
3,02,000 |
3,01,500 |
1.00 |
Resident Indian |
37,788 |
13,39,87,200 |
13,57,000 |
98.74 |
Total |
37,886 |
14,18,68,500 |
30,15,000 |
|
Categorised allotment of equity shares in the NRI/FII Category is as follows:
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares allotted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
1 |
200 |
1:1 |
200 |
9 |
1800 |
1:1 |
322 |
17 |
318000 |
1:1 |
56914 |
2 |
400 |
1:1 |
200 |
10 |
2000 |
1:1 |
358 |
18 |
628000 |
1:1 |
112396 |
3 |
600 |
2:3 |
200 |
11 |
2800 |
1:1 |
501 |
19 |
678200 |
1:1 |
121380 |
4 |
800 |
1:1 |
200 |
12 |
3000 |
1:1 |
537 |
20 |
700000 |
1:1 |
125282 |
5 |
1000 |
1:1 |
200 |
13 |
8000 |
1:1 |
1432 |
21 |
1200000 |
1:1 |
214768 |
6 |
1200 |
1:2 |
215 |
14 |
10000 |
1:1 |
1790 |
22 |
1348000 |
1:1 |
241256 |
7 |
1400 |
2:3 |
251 |
15 |
16000 |
1:1 |
2864 |
23 |
1356500 |
1:1 |
242777 |
8 |
1600 |
1:1 |
286 |
16 |
24000 |
1:1 |
4295 |
|
|
|
|
Note: 3 applications have been rejected in this category for technical reasons.
Categorised allotment of equity shares in the Employee Category is as follows:
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares allotted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
1 |
200 |
1:1 |
200 |
6 |
4000 |
1:1 |
3993 |
11 |
32000 |
1:1 |
31947 |
2 |
400 |
1:1 |
399 |
7 |
6200 |
1:1 |
6190 |
12 |
85800 |
1:1 |
85658 |
3 |
600 |
1:1 |
599 |
8 |
10000 |
1:1 |
9983 |
13 |
90800 |
1:1 |
90561 |
4 |
1000 |
1:1 |
998 |
9 |
20400 |
1:1 |
20366 |
|
|
|
|
5 |
2000 |
1:1 |
1997 |
10 |
30000 |
1:1 |
29950 |
|
|
|
|
Categorised allotment of equity shares to the Resident Indian Category is as
follows:
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares allotted per allottee |
Sr.No. |
Category |
Ratio |
No. of shares alloted per allottee |
1 |
200 |
1:66 |
200 |
38 |
11000 |
1:1 |
200 |
75 |
150000 |
1:1 |
1149 |
2 |
400 |
2:67 |
200 |
39 |
12000 |
3:8 |
200 |
76 |
156000 |
1:1 |
1195 |
3 |
600 |
3:67 |
200 |
40 |
12600 |
1:1 |
200 |
77 |
160000 |
1:1 |
1226 |
4 |
800 |
3:50 |
200 |
41 |
13000 |
1:1 |
200 |
78 |
196000 |
1:1 |
1502 |
5 |
1000 |
5:67 |
200 |
42 |
14000 |
1:2 |
200 |
79 |
200000 |
1:1 |
1532 |
6 |
1200 |
1:11 |
200 |
43 |
15000 |
1:2 |
200 |
80 |
200200 |
1:1 |
1534 |
7 |
1400 |
3:28 |
200 |
44 |
16000 |
4:7 |
200 |
81 |
201000 |
1:1 |
1540 |
8 |
1600 |
8:67 |
200 |
45 |
16800-26000 |
1:1 |
200 |
82 |
25000 |
1:1 |
1916 |
9 |
1800 |
7:52 |
200 |
46 |
28000 |
1:1 |
215 |
83 |
295000 |
1:1 |
2260 |
10 |
2000 |
3:20 |
200 |
47 |
30000 |
1:1 |
230 |
84 |
320000 |
1:1 |
2452 |
11 |
2200 |
1:14 |
200 |
48 |
32000 |
1:1 |
245 |
85 |
350000 |
1:1 |
2682 |
12 |
2400 |
8:91 |
200 |
49 |
36000 |
1:1 |
276 |
86 |
352000 |
1:1 |
2697 |
13 |
2600 |
1:12 |
200 |
50 |
40000 |
1:1 |
306 |
87 |
400000 |
1:1 |
3065 |
14 |
2800 |
10:97 |
200 |
51 |
43200 |
1:1 |
331 |
88 |
401000 |
1:1 |
3073 |
15 |
3000 |
1:9 |
200 |
52 |
48000 |
1:1 |
368 |
89 |
500000 |
1:1 |
3831 |
16 |
3200 |
3:25 |
200 |
53 |
50000 |
1:1 |
383 |
90 |
600000 |
1:1 |
4597 |
17 |
3400 |
1:10 |
200 |
54 |
54000 |
1:1 |
414 |
91 |
620000 |
1:1 |
4751 |
18 |
3600 |
8:61 |
200 |
55 |
56000 |
1:1 |
429 |
92 |
650000 |
1:1 |
4981 |
19 |
3800 |
10:69 |
200 |
56 |
60000 |
1:1 |
460 |
93 |
675000 |
1:1 |
5172 |
20 |
4000 |
13:85 |
200 |
57 |
64000 |
1:1 |
490 |
94 |
760000 |
1:1 |
5823 |
21 |
4200 |
1:4 |
200 |
58 |
70000 |
1:1 |
536 |
95 |
800000 |
1:1 |
6130 |
22 |
4400 |
1:3 |
200 |
59 |
75000 |
1:1 |
575 |
96 |
839000 |
1:1 |
6429 |
23 |
4800 |
1:4 |
200 |
60 |
80000 |
1:1 |
613 |
97 |
920000 |
1:1 |
7049 |
24 |
5000 |
1:5 |
200 |
61 |
87400 |
1:1 |
670 |
98 |
1000000 |
1:1 |
7662 |
25 |
5200 |
1:7 |
200 |
62 |
88800 |
1:1 |
680 |
99 |
1200000 |
1:1 |
9195 |
26 |
5400 |
1:3 |
200 |
63 |
90000 |
1:1 |
690 |
100 |
1215000 |
1:1 |
9310 |
27 |
5600 |
1:6 |
200 |
64 |
96000 |
1:1 |
736 |
101 |
1280000 |
1:1 |
9808 |
28 |
6000 |
1:5 |
200 |
65 |
100000 |
1:1 |
766 |
102 |
1600000 |
1:1 |
12260 |
29 |
6400 |
1:4 |
200 |
66 |
109000 |
1:1 |
835 |
103 |
1648000 |
1:1 |
12628 |
30 |
7000 |
2:11 |
200 |
67 |
109400 |
1:1 |
838 |
104 |
1680000 |
1:1 |
12873 |
31 |
7800 |
1:1 |
200 |
68 |
112000 |
1:1 |
858 |
105 |
2000000 |
1:1 |
15325 |
32 |
8000 |
7:25 |
200 |
69 |
120000 |
1:1 |
919 |
106 |
2368000 |
1:1 |
18144 |
33 |
8200 |
1:3 |
200 |
70 |
125000 |
1:1 |
958 |
107 |
2400000 |
1:1 |
18390 |
34 |
8800 |
1:3 |
200 |
71 |
128000 |
1:1 |
981 |
108 |
2664000 |
1:1 |
20412 |
35 |
9200 |
1:1 |
200 |
72 |
128200 |
1:1 |
982 |
109 |
2800000 |
1:1 |
21455 |
36 |
9800 |
1:1 |
200 |
73 |
130000 |
1:1 |
996 |
110 |
3000000 |
1:1 |
22987 |
37 |
10000 |
17:46 |
200 |
74 |
140000 |
1:1 |
1073 |
111 |
3015000 |
1:1 |
23102 |
Note: 3751 applications have been rejected in this category due to technical reasons.
In the process of rounding off to the nearest multiple, the final allotement in the
public issue component has resulted in an additional allotment of 2277 equity shares.
The despatch of refund orders, allotment letters and physical certificates has been
completed on 30/11/2004. The credit in respect of allotment in dematerialized form in
Central Depository Services (India) Limited (CDSL) and in National Securities Depository
Ltd (NSDL) is being completed. The physical certificates in respect of demat rejection
cases have been dispatched on 30/11/2004.
Note : Allottees receiving partly paid shares may please note that a separate
ISIN No. (i,e. IN9360B01024) has been granted by the depositories for partly paid shares.
Partly paid shares will be traded separately on BSE. The process of corporate action for
credit of fully paid up shares to the demat account of the shareholders may take about 2
weeks from the date of payment of amount payable on call.
The Company has received approval of listing application seeking permission for listing
of the equity shares issued pursuant to the composite issue from BSE vide their letter no.
List/sdm/rk/sm/04 dated 30/11/2004.
Lead Manager to the Issue
KEYNOTE
CORPORATE SERVICES LIMITED
307, Regent Chambers,
Narimon Point, Mumbai- 400 021.
Tel.: (022) 2202 5230; Fax : (022) 2283 5467
Email : mbd@keynoteindia.net |
Registrar to the Issue
BIGSHARE SERVICES PVT. LTD
E/2, Ansa Industrial Estate, Saki Vihar Road,
Sakinaka, Andheri (E), Mumbai - 400 072.
Tel.: (022) 2856 0651/52; Fax: (022) 2852 5207
Email : bigshare@bom7.vsnl.net.in
SEBI Regn. No. INR000001385 |
Place: Mumbai
Date: 30/11/2004 |
For Spanco Telesystems and Solutions Limited
Sd/-
Kapil Puri
Chairman |
|