|Basis of Allotment|
This is only an advertisement for information purposes and not a prospectus announcement
HATHWAY CABLE & DATACOM LIMITED
Our company was origanally incorporated in Mumbai on August 7, 1959 as Chics Display Services Private Limited. For further details regarding changes made to the name of our Company and the registered office of our Company, please refer to page l02 of the Section titled "History and Certain Corporate Matters" of the Prospectus.
Registered and Corporate Office: "Rahejas", 4th floor,
Corner of Main Avenue & V.P. Road , Santacruz (West) Mumbai-400 054 , Mharashtra,
India Tel: (91 22) 2600 1306/08/09/10; Fax: (91 22) 2600
1307; Website: www.hathway.com;
Email: email@example.com. Company
Secretary and Compliance Officer: Mr. Milind Karnik;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF UP TO 27,750,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") FOR CASH BY HATHWAY CABLE & DATACOM LIMITED ("THE COMPANY" OR THE "ISSUER") AT THE ISSUE PRICE OF RS. 240 PER EQUITY SHARE AGGREGATING UP TO RS. 6,660 MILLION (THE "ISSUE") CONSISTING OF A FRESH ISSUE OF UP TO 20,000,000 EQUITY SHARES BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 7,210,000 EQUITY SHARES BY MONET LIMITED AND 540,000 EQUITY SHARES BY MSPI MAURITIUS I LIMITED (TOGETHER REFERRED TO AS, "OFFER FOR SALE"). THE ISSUE WILL CONSTITUTE APPROXIMATELY 19.43% OF THE POST-ISSUE SHARE CAPITAL OF OUR COMPANY.
BID/ISSUE OPENED ON FEBRUARY 09, 2010, CLOSED ON FEBRUARY 11, 2010
The Equity Shares of the Company are proposed to be lited on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or about February 25, 2010
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 240/- AND IT IS 24 TIMES THE FACE VALUE. The Anchor Investor Issue pries is Rs. 240/- per Equity Share.
Pursuant to Rule 19(2) (b)of the Securities Contracts (Regulation) Rules, 1957 (the "SCRR"), this being an Issue for less than 25% of the post-Issue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated to Qualified Institutional Buyers ("QIBs") on a proportionate basis out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. Our Company may allocate up to 30% of the QIB Portion to the Anchor Investors on a discretionary basis. The remaining QIB portion shall be available for allocation on a proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the issue Price.
The Company has allocated 49,95,000 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs 240 in accordance with the SEBI ICDR Regulations.
The Issue received 19,451 applications for 3,53,87,250 equity shares resulting in 1.34 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers. Non-Institutional and Retail Individual Bidders and Anchor Investors categories are as under: (Before technical rejections)
The Basis of Allocation was finalised in consultation with the Designated Stock Exchange, being the National Stock Exchange of India Limited ("NSE") on February 19, 2010.
A. Allocation to Retail Individual Bidders (After Technical Rejections) Includes
B. Allocation to Non Institutional Bidders (After Technical Rejections)
Includes ASBA applications
C. Allocation to QIBs (After Technical Rejections)
D. Allocation to Anchor Investors
The IPO Committee of the company at its meeting held on February 19, 2010 has approved the Basis of Allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN and allotment advice and notices will be dispatched to the address of the investors as registered with the depositones. 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 Account details as registered, if any, with the depositones. 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 Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.
Note: All capitalised terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated February 17, 2010 ("Prospectus")
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar 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:
Link Intime India Private 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 HATHWAY CABLE & DATACOM LIMITED.