Shopper's Stop Limited
(Incorporated as a Private Limited Company on June 16, 1997, converted
to a deemed public limited company on December 8, 1997 and then to a full-fledged public
limited company on October 6, 2003).
Registered, Corporate and Service Office: "Eureka Towers", 9th
Floor, B Wing, Mindspace, Link Road, Malad (West) Mumbai 400 064.
Tel:+91-22-2880 9898 Fax:+91-22-2880 8877. Website: www.shopperstop.com Email: ipo@shoppersstop.co.in
BASIS OF ALLOCATION
PUBLIC ISSUE OF EQUITY SHARES COMPRISING FRESH ISSUE OF 6,946,033 EQUITY SHARES
OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS.238 PER EQUITY SHARE FOR CASH AT A
PREMIMUM AGGREGATING RS. 1653.16 MILLION (REFERRED TO AS THE "ISSUE"), INCLUDING
NET OFFER TO THE PUBLIC OF 5,555,556 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A
PRICE OF RS.238 PER EQUITY SHARE FOR CASH AT A PREMIMUM AGGREGATING RS. 1322.22 MILLION
(REFERRED TO AS THE "NET OFFER TO THE PUBLIC"). THE ISSUE CONSTITUTES 20.21% OF
THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPITAL OF SHOPPERS STOP LIMITED
("ISSUER" OR "COMPANY").
THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH AND THE ISSUE PRICE IS 23.8
TIMES OF THE FACE VALUE
The Issue made through the 100% Book Building Process wherein 200,000 equity shares was
reserved for allotment to permanent employees. 60% of the Net Issue to the public was to
be allocated on a discretionary basis to Qualified Institutional Buyers
("QIBs"). Further, not less than 15% of the Net Issue to the public shall be
available for allocation on a proportinate basis to Non-Institutional Bidders and not less
than 25% of the Net Issue to the public shall be 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 78,817 applications for 99,298,996 equity shares resulting in 17.25
times subscription. The details of the application reveived in the Issue from Employees,
Retail, Non Institutional and Qualified Institutional Investor categories are as under:
Category |
No. of
Applications |
No. of Shares |
Subscription |
Qualified Institutional Buyers |
110 |
47,646,075 |
14.29 |
Non Institutional Investors |
1,013 |
40,137,515 |
48.16 |
Retail Investors |
77,463 |
11,327,981 |
8.15 |
Employees |
231 |
187,425 |
0.93 |
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 |
210 |
42350 |
0.0411 |
102936750 |
100.00 |
211 |
275 |
0.0003 |
102894400 |
99.96 |
212 |
100 |
0.0001 |
102894125 |
99.96 |
213 |
250 |
0.0002 |
102894025 |
99.96 |
214 |
125 |
0.0001 |
102893775 |
99.96 |
215 |
950 |
0.0009 |
102893650 |
99.96 |
216 |
300 |
0.0003 |
102892700 |
99.96 |
218 |
1500 |
0.0015 |
102892400 |
99.96 |
219 |
25 |
0.0000 |
102890900 |
99.96 |
220 |
6492150 |
6.3069 |
102890875 |
99.96 |
221 |
300 |
0.0003 |
96398725 |
93.65 |
222 |
5575 |
0.0054 |
96398425 |
93.65 |
224 |
25 |
0.0000 |
96392850 |
93.64 |
225 |
108075 |
0.1050 |
96392828 |
93.64 |
226 |
400 |
0.0004 |
96284750 |
93.54 |
227 |
250 |
0.0002 |
96284350 |
93.54 |
229 |
200 |
0.0002 |
96284100 |
93.54 |
230 |
1281550 |
1.2450 |
96283900 |
93.54 |
231 |
300 |
0.0003 |
95002350 |
93.54 |
232 |
25 |
0.0000 |
95002050 |
92.29 |
233 |
25 |
0.0000 |
95002025 |
92.29 |
234 |
225 |
0.0002 |
95002000 |
92.29 |
235 |
17875 |
0.0174 |
95001775 |
92.29 |
236 |
125 |
0.0001 |
94983900 |
92.27 |
238 |
25 |
0.0000 |
94983775 |
92.27 |
240 |
571900 |
0.5556 |
94983750 |
92.27 |
241 |
275 |
0.0003 |
94411850 |
91.72 |
243 |
650 |
0.0006 |
94411575 |
91.72 |
244 |
75 |
0.0001 |
94410925 |
91.72 |
245 |
13100 |
0.0128 |
94410850 |
91.72 |
246 |
25 |
0.0000 |
94397750 |
91.70 |
247 |
25 |
0.0000 |
94397725 |
91.70 |
248 |
750 |
0.0007 |
94397700 |
91.70 |
249 |
8550 |
0.0083 |
94396950 |
91.70 |
250 & at cut off |
94388400 |
91.6955 |
94388400 |
91.70 |
|
102936750 |
100.0000 |
|
|
The Basis of Allotment was finalized in consultation with The Stock Exchange, Mumbai
("BSE") on May 13, 2005.
A. Allocation to Employees
The Basis of Allocation to the employees of Shopper's Stop Limited who have bid at cut-off
or at and above the Issue Price of Rs.238/- per Equity Share, was finalized in
consultation with BSE. The total number of shares allotted in this category is 186,87. The
allotment was full & firm for all valid bids. The unsubscribed portion of 13,125
equity shares was added to the QIB, Non-Institutional & Retail segments.
B. Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above
the Issue Price of Rs.238/- per Equity Shares, was finalized in consultation with BSE. The
category was over subscribed 7.93 times. The total number of shares allotted in this
category is 1,392,175 Equity Shares including the spill over from the unsubscribed portion
of employees segment. 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 |
25 |
6122 |
8.11 |
153050 |
1.39 |
25 |
1:7 |
21875 |
50 |
5873 |
7.78 |
293650 |
2.66 |
25 |
3:11 |
40050 |
75 |
2291 |
3.03 |
171825 |
1.56 |
25 |
3:7 |
24550 |
100 |
7226 |
9.57 |
722600 |
6.55 |
25 |
1:2 |
90325 |
125 |
1433 |
1.90 |
179125 |
1.62 |
25 |
23:38 |
21675 |
150 |
2814 |
3.73 |
422100 |
3.82 |
25 |
5:7 |
50250 |
175 |
34301 |
45.41 |
6002675 |
54.37 |
25 |
15:17 |
756650 |
200 |
15472 |
20.48 |
3094400 |
28.03 |
25 |
FIRM |
386800 |
C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non Institutional, who have bid at cut-off or at and above
the Issue Price of Rs.238/- per Equity Share, was finalized in consultation with BSE. The
category was subscribed 47-94 times. The total number of shares allotted in this category
is 835,297 Equity Shares including the spill over from the unsubscribed portion of
employee segment. 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 |
225 |
17 |
1.89 |
3825 |
0.01 |
25 |
1:6 |
75 |
250 |
18 |
2.00 |
4500 |
0.01 |
25 |
2:9 |
100 |
275 |
5 |
0.56 |
1375 |
0.00 |
25 |
1:5 |
25 |
300 |
22 |
2.44 |
6600 |
0.02 |
25 |
1:5 |
100 |
350 |
8 |
0.89 |
2800 |
0.01 |
25 |
1:4 |
50 |
375 |
21 |
2.33 |
7875 |
0.02 |
25 |
2:7 |
150 |
400 |
130 |
14.44 |
52000 |
0.13 |
25 |
1:3 |
1075 |
425 |
4 |
0.44 |
1700 |
0.00 |
25 |
1:4 |
25 |
450 |
2 |
0.22 |
900 |
0.00 |
25 |
1:2 |
25 |
500 |
24 |
2.67 |
12000 |
0.03 |
25 |
2:5 |
250 |
550 |
4 |
0.44 |
2200 |
0.01 |
25 |
1:2 |
50 |
575 |
2 |
0.22 |
1150 |
0.00 |
25 |
1:2 |
25 |
600 |
18 |
2.00 |
10800 |
0.03 |
25 |
1:2 |
225 |
700 |
6 |
0.67 |
4200 |
0.01 |
25 |
1:2 |
75 |
800 |
17 |
1.89 |
13600 |
0.03 |
25 |
2:3 |
275 |
1000 |
43 |
4.78 |
43000 |
0.11 |
25 |
5:6 |
900 |
1025 |
3 |
0.33 |
3075 |
0.01 |
25 |
2:3 |
50 |
2000 |
53 |
5.89 |
106000 |
0.26 |
42 |
FIRM |
2226 |
4000 |
23 |
2.56 |
92000 |
0.23 |
83 |
FIRM |
1909 |
8000 |
6 |
0.67 |
48000 |
0.12 |
167 |
FIRM |
1002 |
15000 |
6 |
0.67 |
90000 |
0.22 |
313 |
FIRM |
1878 |
30000 |
2 |
0.22 |
60000 |
0.15 |
626 |
FIRM |
1252 |
50000 |
6 |
0.67 |
300000 |
0.75 |
1043 |
FIRM |
6258 |
100000 |
7 |
0.78 |
700000 |
1.75 |
2086 |
FIRM |
14602 |
200000 |
3 |
0.33 |
600000 |
1.50 |
4172 |
FIRM |
12516 |
400000 |
1 |
0.11 |
400000 |
1.00 |
8345 |
FIRM |
8345 |
800000 |
3 |
0.33 |
2400000 |
5.99 |
16689 |
FIRM |
50067 |
830300 |
3 |
0.33 |
2490900 |
6.22 |
17321 |
FIRM |
51963 |
833300 |
3 |
0.11 |
833300 |
2.08 |
17384 |
FIRM |
17384 |
1500000 |
2 |
0.22 |
3000000 |
7.49 |
31293 |
FIRM |
62586 |
1600000 |
1 |
0.11 |
1600000 |
4.00 |
33378 |
FIRM |
33378 |
5555550 |
1 |
0.11 |
55555550 |
13.87 |
115901 |
FIRM |
115901 |
D.Allocation to QIBs
Category |
FIs / Banks |
MFs |
FIIs |
Insurance Companies |
VCs |
Total |
No. of Shares |
258587 |
2785957 |
-- |
296665 |
- |
3341209 |
The Committee of Directors (IPO) of the company at it's Meeting held at Hyderabad on
May 14, 2005 has approved the basis of allocation of shares and allotted the shares to
various successful applicants.
The Refund Orders will be dispatched by May 17, 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 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. Shoppers
Stop Limited is taking steps to get the equity shares admitted for trading on The Stock
Exchange, Mumbai and the 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 also 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-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:
Karvy Computershare Private Limited
Unit: Shopper's Stop, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad -
500034, Fax: 040-23311968
Email: sslipo@karvy.com or mailmanager@karvy.com
TOLL FREE - HELPLINE NUMBERS 1-600-334001
Place : Mumbai
Date : May 15, 2005 |
For Shopper's Stop Limited
Sd/-
Prashant Mehta
Company Secretary & General Manager - Legal |
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 SHOPPER'S STOP LIMITED |