MSK PROJECTS (INDIA) LIMITED
707, Sterling Centre, R.C. Dutt Road, Alkapuri, Vadodara- 390
005
Phone : 0265 - 234 4756 / 235 9893 Fax : +91 - 265 - 234 1642
_____________________________________________________________________________________________
Public Issue of 60,00,000 Equity Shares of Rs. 10/- Each For Cash at a Premium of
Rs. 30/- each aggregating Rs.2400 lacs
BASIS OF ALLOTMENT
The Board of Directors of MSK Projects (India) Limited
("Company") thank the investing public of their overwhelming response to the
Public Offer of Equity Shares of the Company which opened for subscription on 27th
September, 2004 and closed on 8th October, 2004. The Company has received 7036 valid
applications for a total of 7,522,875 shares resulting in over subscription of 1.25 times.
The Basis of Allotment was finalized on 27th October, 2004 in consultation with The Stock
Exchange, Mumbai (BSE). Allotments have been made on proportionate basis within the
specified categories, rounded off to the nearest integer subject to minimum allotment of
125 equity shares per applicant. The Board of Directors have allotted the equity shares at
their meeting held on 27th October, 2004 as per details given below:
I)Retail Category (Individual Investors applying up to 1250
shares)
The Company has received 6956 valid applications for a total of 3,921,875
Equity Shares resulting in 1.3 times over subscription in the category. Allotment of
shares in the category of 125 shares has been made on the basis of draw of lots. The
number of shares allotted in this category is 3,010,117. The details of category-wise
allotments are given below:
Category |
No. of Shares Allotted |
No. of Allotters |
Total No. of Shares Allotted |
Ratio |
125 |
125 |
1,716 |
214,500 |
4:5 |
250 |
191 |
1,235 |
235,885 |
Firm |
375 |
287 |
244 |
70,028 |
Firm |
500 |
383 |
674 |
258,142 |
Firm |
625 |
478 |
64 |
30,592 |
Firm |
750 |
574 |
71 |
40,754 |
Firm |
875 |
669 |
14 |
9,366 |
Firm |
1,000 |
765 |
564 |
431,460 |
Firm |
1,125 |
861 |
1,474 |
1,269,114 |
Firm |
1,250 |
956 |
471 |
450,276 |
Firm |
II) Non-retail Category (Individuals above 1250 shares,
Corporates, Institutions & Others)
The Company has received 80 valid applications for a total of 3,601,000 Equity Shares
resulting in over subscription of 1.2 times. Allotments have been made to applicants in
proportion to the inverse of the subscription ration, rounded off to the nearest integer
and the number of shares allotted in this category is 3,000,841.
1.The Refund orders, wherever applicable, have been dispatched on 29th
October, 2004.
2.The beneficiary Account of allottees with NSDL/CDSL have been credited on 29th October,
2004.
3.MSK Projects (India) Limited is taking steps to get the equity shares admitted for
trading on the The Stock Exchange, Mumbai (BSE) and The National Stock Exchange of India
Limited (NSE) within 7 working days from the date of approval of basis of allocation.
All future correspondence in this respect should be addressed to the Registrars to the
Issue quoting full name of the First applicant, Serial number of the application form,
number of shares applied for, and Name of the Bank Branch where the application was
lodged, at the following address:
Purva Shareregistry (India) Pvt. Ltd
33, Printing House, 28-D, Police Court Lane, Behind Old Handloom House, Fort, Mumbai - 400
001
Tel: 022 - 2261 7957 / 5634 8073 - 74; Fax: 022 - 2262 6407; E-mail :
busicomp@vsnl.com
Place: Ahmedabad
Date: 30th Octorber, 2004 |
For MSK Projects (India) Limited
Sd/-
C.Mohanan
Director (Finance) & Compliance Officer |
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