Basis of Allotment

Datamatics Technologies Limited

Datamatics Technologies Limited

Registered Office:Unit No.117-120, SDF-IV,SEEPZ,Andheri(E),Mumbai 400096.Tel.:+91-22-5697 5300, Fax:+91-22-2829 2475
Corporate Office:Knowledge Centre, Street No.17, MIDC, Andheri(E), Mumbai 400 093. Tel: +91-22-5697 1177, Fax: +91-22-1834 3669                 Email: ipo@datamatics.com    Website: www.datamaticstech.com

 

                                           BASIS   OF  ALLOCATION

 Public Issue of 10,300,000 Equity Shares comprising Fresh Issue of 8,500,000 Equity Shares of Rs. 5/- each at a       price of Rs. 110/- for cash aggregating to Rs. 935 million and Offer for sale of 1,800,000 Equity Shares of Rs. 5/- each at a price of Rs. 110/- for cash aggregating to Rs. 198 million(collectively reffered to as the "Issue").

the Issue was made through the 100% book building process. Out of total of 10,300,000 shares in Issue, 150,000 shares were reserved for employees. The net offer to the public was for 10,150,000 Equity Shares. Out of this 50%(i.e. 5,075,500 equity shares) were allocated on a discretionary basis to QIBs.25% of the net offer to the public(i.e. 2,537,500 equity shares) were allocatedon a proportionate basis to Non-Institutional investors. 25% of the net offer(i.e. 2,537,500 equity shares) were allocated to Retail Investorson proportionate basis. The total demand in the employee category was for 144,350 shares and the surplus of 5,650 shares was added to the retail category.

The Company has recived a total of 160,396 applications for 273,538,263 shares resulting in 26.55 times oversubscription.out of the above the valid applications in each category are as under:

Category         No. of applications   No. of shares applied for     subscription (times)
Retail Individual Bidders               153,281             39,326,900               15.46
Employees                   119             144,350                   --
Non Institutional Bidders                  1,949            131,550,750               51.84
QIBs                     79           101,031,850               19.91

A) Allocation to Retail Individual bidders

The Basis of Allocation to the Retail Investors who have bid at cut-offor above the Issue Price of Rs. 110/- per Equity Share, was finalized in consultationwith The Stock Exchange, Mumbai.The total number of shares allocated in this category is 2,543,150. The category-wise details of the Basis of Allocationis as under:

    Category No. of applications % of total applications No. of shares   applied for No. of shares   alloted        Ratio of          allotment Total shares      allocated
         50     21,428        13.98     1,071,400            50            1:15       71,450
       100     35,359        23.07     3,535,900            50            1:08     221,000
       150       6,437            4.2        965,550            50            3:16       60,350
       200     17,614        11.49     3,522,800            50            7:27     228,350
       250       3,366            2.2        841,500            50            1:03       56,100
       300       7,455          4.86     2,236,500            50            7:18     144,950
       350       1,148          0.75        401,800            50          13:27       27,650
       400       9,237          6.03     3,694,800            50          15:29     238,900
       450     51,237        33.42   23,056,650            50            7:12 1,494,400
    153,281           100   39,326,900     2,543,150

B) Allocation to Non Institutional bidders

The Basis of Allocation to the Non Institutional bidders who have bid at at the Issue Price of Rs. 110/- per Equity Shares, was finalized in consultation with The Stock Exchange, Mumbai.The total number of shares allocated in this category is 2,537,500 and the allotment was made on a proportionate basis.

C) Allocation to Qualified Institutional Investors

       Category Financial Institutions/banks       Mutual Funds Foreign Institutional Investors               Total
  No. of shares alloted               7                 41                                23                 71

The IPO Committee has approved the basis of allocation of shares as above and allotted the shares to the various successful applicants on April 30, 2004.

Date of despatch of refund orders                                             :       May  3, 2004

Date of credit of shares allocated to successful bidders              :       May  4, 2004

Date of filing the listing applications with BSE/NSE                    :       May  5, 2004

All future correspondences 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:

INTIME  SPECTRUM  REGISTRY LTD.

C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai - 400 078. Tel.:(022) 5555 5454

Fax: (+91-22) 5555 5353. Email: isrl@intimesspectrum.com

Place: Mumbai
Date: May 5, 2004

For Datamatics Technologies Ltd.
 Sd/-
 Mr. Kumar Gidwani
 Company secretary

 



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