|Basis of Allotment|
(Incorporated as Atlanta Construction Company (India) Private Limited
pursuant to a Certificate of Incorporation dated January 17,1984. The name was changed to
Atlanta Construction Company (India) Limited on April l4,1991 on being deemed a public
company under Secton 43A (1A) of the Companies Act,1956. The name was changed to Atlanta
Inrastructure Limited on
Regd. Office: 101, Shree Ambashanti Chambers, Opp.Leela
Hotel, Andheri-Kurla Road, Andheri (E), Mumbai 400 059.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 43,00,000 EQUITY SHARES OF RS. 10/- EACH ATA PRICE OF RS. 150/- PER EQUITY SHARE INCLUDING EMPLOYEES RESERVATION OF 2,00,000 EQUITY SHARES OF RS.10/-EACH AT A PRICE OF RSA 15O/-PER EQUITY SHARE (REFERRED TO AS "HE ISSUE"). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 41,00,000 EQUITY SHARES OF RE. 10/- EACH (`THE NET ISSUE"). THE NET OFFER TO THE PUBLIC WOULD CONSTITUTE 26.38% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY THE ISSUE PRICE IS 15 TIMES OF THE FACE VALUE.
The Issue made through the 100% Book Building Process wherein up to 50% of the net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds). Further, net loss than 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% 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 58,076 applications for 4,54,72,132 equity shares resulting in 9.45 times subscription.
The Basis of Allotment of all the categories namely, Employees,Retail Individual
Investors, Non Institutional Investors, Qualified Institutional Buyers was approved by
Bombat Stock Exchange Limited(Designated Stock Exchange) on September 19, 2006. The Board
of Directors of the Company at its Meeting held at Hyderabad on September 19,2006 allotted
the Equity Shares to the successful applicants. Details of applications received are as
A. Allotment to Employees (After Technical Rejections)
All the bidders in the Employees category, who have bid at cut off or at the Issue Price of Rs.150-per Equity Share,have been considered while preparng the Basis of Allotment The category was subscribed 1.14 times. The total number of shares allotted in this category is 2,00,000 Equity Shares.
All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.
B.Allotment to Retail Individual Investors(After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Issue Price of Rs.150/- per Equity Share, have been considered while preparing the Basis of Allotment. The category was over subscribed 12.27 times.The total number of shares allotted in this category is 14,35,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:
C.Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non-institutional category, who have bid at the Issue Price of Rs.150/-per Equity Share, have been considered while preparing the basis of allotment. The category was subscribed 17.61 times. The total number of shares allotted in this category is 6,15,000 Equity Shares.
All the applicants in this category have been given firm allotment on proportionate basis inverse to the oversubscription ratio.
D. Allotment to QIBs
The total number of Equity Shares allotted in this category are 20,50,000 Equity Shares (50% of total Equity Shares allotted). All the applicants in this category have been given Firm Allotment on a PROPORTIONATE BASIS. Out of 58,00,000 Equity Shares offered to QIBs as per the terms of the issue, 1,02,500 Equity Shares (i.e 5% of 20,50,000 Equity Shares) has been allotted proportionatety to mutual funds. Mutual funds applicants have also been considered eligible for proportionate allotment for the balance Equity shares in QIBs category i,e 19, 47,500 Equity Shares.
Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund Instructions and Listing details
Refunds have been made through ECS/RTGS and Direct Credit, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts..
The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the data of approval of the basis of allocation.
INVESTORS PLEASE NOTE
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 atthe address given below:
Karvy Computershare Private Umlted
TOLL FREE - HELPLINE NUMBER- 1-600-3454001
|Place : Hyderabad
Date : 19 September, 2006
For Atlanta Limited
|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 ATLANTA LIMITED.|