Basis of Allotment

Beeyu Overseas Ltd

Beeyu Overseas Ltd

(Incorporated on 4th March, 1993 as Beeyu Overseas Limited under the Companies Act, 1956)
Registered Office: Beeyu House, 64A, Ballygunge Circular Road (Promothesh Barua Sarani), Kolkata - 700019
Tel : (033) 22809267, 22407162 Fax:(033) 2280 8136
Email : beeyu@beeyuoverseas.com Website : www.beeyuoverseas.com

Public Issue of 71,40,000 Equity Shares of Rs.10/- each, for cash at premium of Rs.4/- each aggregating Rs.999.60 Lacs.

Basis of Allotment

The Board of Directors of Beeyu Overseas Limited (BOL) thank the investing public for their response to the Public Offer of Equity Shares of the Company which opened for subscription on May 26, 2005 and closed on June 03, 2005. The Company has received 29,966 valid applications for a total of 8,72,90,800 Equity Shares resulting in over-subscription of 12.23 times. The basis of allotment was finalised on 27th June, 2005 in consultation with The Stock Exchange, Mumbai and the Board of Directors have allotted the shares at their meeting held on 27th June, 2005 as per the details given below:

1.Retail category (Individual investors applying upto 3200 shares)
The Company has received 27,075 valid applications for a total of 5,12,89,600 Equity Shares resulting in 14.37 times subscription. The basis of allotment was finalized on a proportionate basis after rounding in 14.37 times subscription. The basis of allotment was finalized on a proportionate basis after rounding off to a nearest on share, subject to a minimum allotment of 400 equity shares. The total number of shares allotted in this category is 41,96,000. The category-wise details and the basis of allotment is as under:-

Category No. of Applications Applications % of Total No. of Shares Applied No. of Shares per Allottee Ratio Total Shares Allotted
400 4128 15.25 16,61,200 400 1:12 1,38,800
800 4289 15.84 34,31,200 400 1:6 2,86,000
1200 2998 11.07 35,97,600 400 1:4 3,00,000
1600 1401 5.17 22,41,600 400 5:16 1,75,200
2000 3861 14.26 77,22,000 400 9:22 6,32,000
2400 455 1.68 10,92,000 400 1:2 91,200
2800 659 2.43 18,45,200 400 4:7 1,50,800
3200 9284 34.29 2,97,08,800 400 15:23 24,22,000

2. Non-retail category - Individuals above 3200 shares, Corporates and others.     
The Company has received 2891 valid applications for a total of 3,60,01,200 Equity Shares resulting in over-subscripton of 10.08 times. The basis of allotment was finalized on a proportionate basis after rounding off to the nearest one share, subject to a minimum allotment of 400 equity shares. The total number of shares allotted in this category is 29,44,000. The category-wise details and the basis of allotment is as under:-

Category No. of Applications Applications % of Total No. of Shares Applied No. of Shares per Allottee Ratio Total Shares Allotted
1600 2 0.07 3200 400 1:2 400
2000 3 0.10 6000 400 1:3 400
3200 3 0.10 9600 400 2:3 800
3600 150 5.19 5,40,000 400 11:15 44,000
4000 539 18.64 21,56,000 400 9:11 1,76,400
4400 46 1.59 2,02,400 400 8:09 16,400
4800 138 4.77 6,62,400 400 39:40 54,000
6000 217 7.51 13,02,000 491 1:1 1,06,547
6400 123 4.25 7,87,200 523 1:1 64,329
6800 1233 42.65 83,84,400 556 1:1 6,85,548
7600 2 0.07 15,200 622 1:1 1,244
10000 42 1.45 4,20,000 818 1:1 34,356
12000 16 0.55 1,92,000 982 1:1 15,712
12400 10 0.35 1,24,000 1,014 1:1 10,140
13200 2 0.07 26,400 1,080 1:1 2,160
14000 34 1.18 4,76,000 1,145 1:1 38,930
16800 2 0.07 33,600 1,374 1:1 2,748
20000 19 0.66 3,80,000 1,636 1:1 31,084
24000 1 0.03 24,000 1,963 1:1 1,963
36000 1 0.03 36,000 2,945 1:1 2,945
50000 15 0.52 7,50,000 4,090 1:1 61,350
58000 2 0.07 1,16,000 4,744 1:1 9,488
100000 10 0.35 10,00,000 8,180 1:1 81,800
140000 2 0.07 2,80,000 11,452 1:1 22,904
428000 1 0.03 4,28,000 35,008 1:1 35,008

The break-up of applications received and allotments made is as under:

Applied Allotted
Mode of Payment No. of Applications No. of Shares % of No. of Applications received No. of Applications No. of Shares % of No. of Applications Allotted
Cash/Cheque/Demand  Drafts 30,873 9,01,31,100 100.00% 13,231 71,40,000 100.00%
Stockinvest - - - - - -
Total 30,873 9,01,31,100 100.00% 13,231 71,40,000 100.00%

Refund Orders/Allotment Advices, Share Certificates have been despatched on 29th June, 2005 and shares have been credited to the accounts of the allottees by NSDL and CDSL on 1st July, 2005.

Listing applications have been submitted to the Calcutta Stock Exchange Association Limited, Cochin Stock Exchange Ltd. Coimbatore Stock Exchange Ltd, The Inter-Connected Stock Exchange of India Ltd and The Stock Exchange Mumbai on 29.06.2005.

All future correspondence in respect of the applications lodged by the investors should be addressed to the Registrars to the Issue quoting Full Name of the first applicant, Serial No. of the application form, No.of shares applied for and Name of the Bank branch where the application was lodged, at the following address:

MAHESHWARI DATAMATICS PVT. LTD
(Unit: Beeyu Overseas Ltd)
6, Mangoe Lane (Sundari Mohan Ghosh Sarani)
Kolkata - 700001, Ph: 033-22435029/5809
Fax: 033-22484787, E-mail: mdpl@cal.vsnl.net.in Website: www.mdpl-online.com

Place : Kolkata
Date : 01.07.2005
For Beeyu Overseas Limited
B.P.Singh
Chairman & Managing Director
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