INDO
TECH TRANSFORMERS LIMITED
(Incorporated on January 16, 1992 under the Companies Act, 1956)
Registered Office: DP: 36, SIDCO Industrial Estate,
Thinumazhisai, Chennai-602107
Telephone: + 9144 2681 1569, 2681 1570 Fax: + 91 44 2681
1568
Contact Person: Mr. V. Balasubramanian Email:
bala@indo-tech.com, Website: www.indo-tech.com
BASIS OF ALLOCATION
Public Issue of 3,945,130 Equity Shares of Re. 10/- each for cash at a price of
Re. 130/- per Equity Share aggregating to Re. 512,866,900 (the'Issue') by Indo Tech
Transformers Limited ('Company" or "Issuer") consisting of fresh Issue of
2,956,750 equity shares and offer for sale of 397,480 shares of Rs 10/- each by Mr P S.
Jagdish and 590,900 shares of Re 10/- each by 21- Century Management Services Limited
("Offerors"). The Fresh Issue and the Offer for Sale are jointly referred to
herein as the "Issue". 50,000 Equity Shares will be reserved In the Issue for
subscription by eligible employees. The Net Issue to the Public is of 3,895,130, Equity
Shares of Rs. 10/- each at a price of Rs. 130/- per Equity Share aggregating Re.
506,366,900 million (the "Net Issue"). The Issue would constitute 37.15 % of the
fully diluted post issue paid up Equity Capital of the Company. The face value of the
shares is Rs.10 and the Issue price is 13 times of the face value.
The Issue made through the fixed price route where 50% of the Net Issue to the Public
being 1,947,565 Equity Shares of Rs. 10 each available for allotment to Retail Individual
Applicants and further upto 50% of the net issue to the public shall be available for
allocation to Non-Retail Category, subjectto valid applications being received.
The Issue received 143880 applications for 154683000 equity shares resulting in 39.21
times subscription. The details of the applications received in the Issuefrom Retail, Non
Retail and Employee categories are as under (Before technical rejections):
Category |
No. of Applications |
No. of Shares |
Subscription |
Retail Category |
142877 |
45786550 |
23.50 |
Non Retail Category |
953 |
108882150 |
55.90 |
Employees |
50 |
14300 |
0.28 |
The Basis of Allocation was finalized in consultation with the National Stock Exchange
of India Limited ( NSE ) on March 9, 2006.
A. Allocation to Employees
The Basis of Allocation to the Employees category, who have applied at Rs. 130/-
per Equity Share, was finalized in consultation with NSE. 1 The category was subscribed
0.28 times. Firm allotments have been made against all applications. The total number of
shares allotted in this category is 14300 Equity Shares. The category-wise details of the
Basis of Allocation (Sample) areas under:
Category |
No. of
Applications |
% to Total |
Total No.
of Shares
applied |
% to Total |
No. of
Shares
allocation |
Ratio |
Total No.
of Shares
allocated |
50 |
4 |
8 |
200 |
1.4 |
699 |
FIRM |
200 |
100 |
11 |
22 |
1100 |
7.69 |
3846 |
FIRM |
1100 |
150 |
3 |
6 |
450 |
3.15 |
1573 |
FIRM |
450 |
200 |
6 |
12 |
1200 |
8.39 |
4196 |
FIRM |
1200 |
250 |
3 |
6 |
750 |
5.24 |
2622 |
FIRM |
750 |
300 |
3 |
6 |
900 |
6.29 |
3147 |
FIRM |
900 |
350 |
2 |
4 |
700 |
4.9 |
2448 |
FIRM |
700 |
500 |
18 |
36 |
9000 |
62.94 |
31469 |
FIRM |
9000 |
B.Allocation to Non-Retail Investors
The Basis of Allocation to the Non-Retail Investors, who have applied at the
Issue Price of Rs.130/- per Equity Share, was finalized in consultation with NSE . The
category was over subscribed 55.38288 times. The total number of shares allotted in this
category is 1956450 Equity Shares. The category-wise details of the Basis of Allocation
(sample) areas under:
Category |
No. of
Applications |
%toTotal |
Total No.
of Shares
Applied |
%toTotal |
No. of
Shares
allocated |
Ratio |
TotaINo.
of Shares
allocated |
800 |
349 |
37.01 |
279200 |
0.26 |
5041 |
2: 7 |
5000 |
2000 |
22 |
2.33 |
44000 |
0.04 |
794 |
8:11 |
800 |
4000 |
12 |
1.27 |
48000 |
0.04 |
867 |
FIRM |
864 |
5000 |
9 |
0.95 |
45000 |
0.04 |
813 |
FIRM |
810 |
7650 |
7 |
0.74 |
53550 |
0.05 |
967 |
FIRM |
966 |
8000 |
9 |
0.95 |
72000 |
0.07 |
1300 |
FIRM |
1296 |
11500 |
9 |
0.95 |
103500 |
0.1 |
1869 |
FIRM |
1872 |
15000 |
12 |
1.27 |
180000 |
0.17 |
3250 |
FIRM |
3252 |
20000 |
12 |
1.27 |
240000 |
0.22 |
4333 |
FIRM |
4332 |
50000 |
5 |
0.53 |
250000 |
0.23 |
4514 |
FIRM |
4515 |
76950 |
4 |
0.42 |
307800 |
0.28 |
5558 |
FIRM |
5560 |
100000 |
4 |
0.42 |
400000 |
0.37 |
7222 |
FIRM |
7224 |
531000 |
3 |
0.32 |
1593000 |
1.46 |
28763 |
FIRM |
28764 |
760000 |
2 |
0.21 |
1520000 |
1.4 |
27445 |
FIRM |
27446 |
1062000 |
13 |
1.38 |
13806000 |
12:68 |
249283 |
FIRM |
249288 |
3895100 |
7 |
074 |
27265700 |
25.05 |
492312 |
FIRM |
492205 |
C. Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have applied at the Issue
Price of Rs.130/- per Equity Share, was finalized in consultation with NSE. The category
was subscribed 23.03798 times. The total number of shares allotted in this category is
1956380 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are
as under:
Category |
No. of
Applications |
% to Total |
Total No. of
Shares
applied |
% to Total |
No. of Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
50 |
16115 |
11.39 |
805750 |
1.78 |
34975 |
1 :23 |
35050 |
100 |
20096 |
14.21 |
2009600 |
4.44 |
87230 |
2:23 |
87350 |
150 |
6362 |
4.5 |
954300 |
2.11 |
41423 |
3:23 |
41500 |
200 |
17041 |
12.05 |
3408200 |
7.53 |
147938 |
4:23 |
148200 |
250 |
3762 |
2.66 |
940500 |
2.08 |
40824 |
5:23 |
40900 |
300 |
8044 |
5.69 |
2413200 |
5.33 |
104749 |
6:23 |
104900 |
350 |
39075 |
27.63 |
13676250 |
30.2 |
593639 |
30:99 |
593000 |
400 |
4075 |
2.88 |
1630000 |
3.6 |
70753 |
8:23 |
70850 |
450 |
461 |
0.33 |
207450 |
0.46 |
9005 |
9:23 |
9000 |
500 |
1279 |
0.9 |
639500 |
1.41 |
27759 |
10:23 |
27800 |
550 |
224 |
0.16 |
123200 |
0.27 |
5348 |
11 :23 |
5350 |
600 |
650 |
0.46 |
390000 |
0.86 |
16929 |
12:23 |
16950 |
650 |
329 |
0.23 |
213850 |
0.47 |
9282 |
13:23 |
9300 |
700 |
1617 |
1.14 |
1131900 |
2.5 |
49132 |
14:23 |
49200 |
750 |
22314 |
15.78 |
16735500 |
36.96 |
726429 |
65:100 |
726100 |
The Committee of Directors of the company at it's Meeting held at Chennai on March 09,
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 has 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
overprinted 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 National Stock
Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from
the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
The details of the allocation made would also be hosted on the website of Registrars to
the Issue, Intime Spectrum Registry Ltd. at www.intimespectrum.com.
All future correspondence in this regard may kindly be addressed to the Registrar to the
Issue quoting full name of the First/Sole applicants, serial number of the Application
form, number of shares applied for, and Bank Branch where the application had been lodged
and payment details at the address of the Registrars given below:
INTIME SPECTRUM REGISTRY LIMITED
C13, Pannalal Silk Mills Compound, L B S Marg, Bhandup (West), Mumbai 400078;
Tel: 91-22-2596 0320-8; Fax: 91-22-2596 0329
E-mail: indotech@intimespectrum.com; Webslts:
Place : Mumbai
Date : March 11, 2006 |
For Indo Tech Transformers Limited
Sd/
P S Jagdish
Executive Director |
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 INDO TECH
TRANSFORMERS LIMITED. |