Basis of Allotment |
UTV SOFTWARE COMMUNICATIONS LIMITED Registered & Corporate Office: Paarijaat House,
1076, Dr. E Moses Road, Worli Naka, Mumbai 400 018. BASIS OF ALLOCATION PUBLIC ISSUE OF 6,999,950 EQUITY SHARES COMPRISING FRESH ISSUE OF 4,500,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS.130/- PER SHARE FOR CASH AGGREGATING RS.5,850.00 LAKHS AND OFFER FOR SALE OF 2,499,950 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. 130/- PER SHARE FOR CASH AGGREGATING RS. 3,249.94 (HEREINAFTER REFERRED TO AS THE "ISSUE"). COMPRISING RESERVATION OF 349,950 EQUITY SHARES FOR EMPLOYEES ON A COMPETITIVE BASIS; NET ISSUE TO PUBLIC OF 6,650,000 EQUITY SHARES. THE 'NET ISSUE TO PUBLIC' WOULD CONSTITUTE 34.11% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 AND THE ISSUE PRICE IS 13.00 TIMES OF THE FACE VALUE. The Issue was made through the 100% book-building process wherein upto 50% of the Net Issue to Public was to be allocated on a discretionary basis to Qualified Institutional Buyers. Further, not less than 25% of the Net Issue to Public was to be made available for allocation on a proportionate basis to Retail Individual investors, subject to valid Bids being received at or above the Issue Price. The Issue received 2,75,662 bids for 182,870,888 equity shares resulting in 26.12 times subscription. The details of the applications received in the issue from Employees, Retail individual, Non-institutional and Qualified Institutional investor categories as und: (before technical rejections)
# Including bid received at cut-off price. A sample of the final demand a different bid prices is as under:
The Basis of Allotment was finalised in consultation with the The National Stock Exchange of India Limited ("NSE") on 10th March, 2005. A) Employees The Basis of Allocation to the employees of the UTV Software Communications Limited, who have bid at cut-off or at the issue Price of Rs. 130/- per Equity Share, was finalized in consultation with NSE. The total number of shares allotted in this category is 204100. The allotment was full & firm for all valid bids. B) Allocation to Retail Individual Investors The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 130/- per Equity Share, was finalized in consultation with NSE. The category was oversubscribed 35.983 times. The total number of shares allotted in this category is 1735450 Equity Shares. The category-wise details of the Basis of Allocation is as under:
C) Allocation to Non Institutional Investors The Basis of Allocation to the Non Institutional Investors, who have bid for at the Issue Price of Rs. 130/- per Equity Share, was finalized in consultation wiht NSE. The category was oversubscribed 33.123 times. The total number of shares allotted in this category is 1735400 Equity Shares. A sample of category-wise details of the Basis of Allocation is as under:
D) Allocation to QIBs
The Board of Directors of UTV at its Meeting held at Mumbai on March 11,2005 has approvedthe basis of allocation of shares and alloted the shares to various successful applicants. The despatch of Refund Orders has been completed by March 12, 2005 to the address as registered with the depositories. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the succesful applicants have been credited to their beneficiary accounts subject to validation of the accounts details with the depositories concerned. Issuer is taking steps to get the Equity shares admitted for trading on the National Stock Exchange of India Limited and on The Stock Exchange, Mumbai within the stipulated time period. INVESTORS PLEASE NOTE This details of the allocation made has been hosted on the wbsite of Registrars to the Issue, Karvy Computershares Private Limited at www.karvy.com or http://karisma.karvy.com 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 form name of the Member of the Syndicate and Place where the bid submitted and payment details at the address given below:
Karvy
Computershares Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF UTV SOFTWARE COMMUNICATIONS LIMITED. |
Close
|