Lanco
Infratech Limited
Our Company was originally incorporated as "Lanco Constructions
Limited' on March 26,1993 in Andhra Pradesh. The name of cur Company was changed to
"Lanco Infratech Limited" with effect from November 24,2000 at Hyderabad)
Registered Office: Lanco House, 141, Avenue # 8, Road #2, Banjara Hills,
Hyderabad-500034.
Tel : +91-40-2354 0695/697/701/703; Fax:
+91-40-23540699,
Contact Person and Compliance Officer: Mr. C. Krishnakumar.
Email: krishnakumar@lancogroup.com
Website: www.lancogroup.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 44,472,381 EQUITY SHARES OF Rs.10/- EACH FOR CASH ATA PRICE OF
Rs.240/- PER EQUITY SHARE AGGREGATING Rs.10,673.37 MILLION BY LANCO INFRATECH LIMITED
("THE COMPANY" OR "ISSUER") (THE ISSUE COMPRISES A NET ISSUE TO THE
PUBLIC OF 43,972,381 EQUITY SHARES OF R&10/- EACH (THE "NET ISSUE")
AGGREGATING Rs.10,553.37 MILLION AND A RESERVATION FOR ELIGIBLE EMPLOYEES OF UP TO 500,000
EQUITY SHARES OF R& 10/- EACH AGGREGATING R&1 20 MILLION. THE ISSUE WOULD
CONSTITUTE 20.00 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY
ISSUE PRICE Rs.240/- PER EQUITY SHARE. THE ISSUE PRICE IS 24.0 TIMES OF THE
FACE VALUE
The Issue made through the 100% Book Building Process where atleast 60% of the net
issue to the public was to be allocated on a proportionate basis to Qualified
Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to
specifically be allotted to mutual funds). Further, up to 10% of the net issue
to the public was available for allocation on a proportionate basis to Non-Institutional
Bidders and up to 30% of the net issue to the public was available for allocation on a
proportionate basis to Retail Bidders, subject to valid bids being received at or above
the Issue Price.
The Issue received 182218 applications for 516107400 equity shares resulting in 11.6051
times subscription. The details of the applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional, Retail Individual Investors and Employee are as
under (Before technical rejections):
Category |
No. of Applications |
No. of Shares |
Subscription |
Retail Bidders |
181426 |
31231925 |
2.368 |
Non Institutional Bidders |
460 |
5959800 |
1.355 |
Qualified Institutional Bidders |
138 |
478331975 |
18.130 |
Employee |
194 |
583700 |
1.167 |
TOTAL T |
182218 |
516107400 |
11.605 |
Final Demand
The final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
200 |
56900625 |
10.4126 |
546457625 |
100.0000 |
201 |
1200 |
0.0002 |
489557000 |
89.5874 |
202 |
3150 |
0.0006 |
489555800 |
89.5871 |
203 |
375 |
0.0001 |
489552650 |
89.5866 |
205 |
2975 |
0.0005 |
489552275 |
89.5865 |
206 |
175 |
0.0000 |
489549300 |
89.5860 |
207 |
275 |
0.0001 |
489549125 |
89.5859 |
208 |
375 |
0.0001 |
489548850 |
89.5859 |
210 |
237000 |
0.0434 |
489548475 |
89.5858 |
211 |
1575 |
0.0003 |
489311475 |
89.5424 |
212 |
1175 |
0.0002 |
489309900 |
89.5421 |
213 |
25200 |
0.0046 |
489308725 |
89.5419 |
214 |
75 |
0.0000 |
489283525 |
89.5373 |
215 |
26825 |
0.0049 |
489283450 |
89.5373 |
216 |
25 |
0.0000 |
489256625 |
89.5324 |
217 |
75 |
0.0000 |
489256600 |
89.5324 |
218 |
2475 |
0.0005 |
489256525 |
89.5324 |
220 |
12071050 |
2.2090 |
489254050 |
89.5319 |
221 |
725 |
0.0001 |
477183000 |
87.3230 |
222 |
52375 |
0.0096 |
477182275 |
87.3228 |
223 |
200 |
0.0000 |
477129900 |
87.3132 |
225 |
131025 |
0.0240 |
477129700 |
87.3132 |
226 |
50 |
0.0000 |
476998675 |
87.2892 |
227 |
75 |
0.0000 |
476998625 |
87.2892 |
228 |
2350 |
0.0004 |
476998550 |
87.2892 |
229 |
25 |
0.0000 |
476996200 |
87.2888 |
230 |
2831425 |
0.5181 |
476996175 |
87.2888 |
231 |
200 |
0.0000 |
474164750 |
86.7706 |
232 |
425 |
0.0001 |
474164550 |
86.7706 |
234 |
3175 |
0.0006 |
474164125 |
86.7705 |
235 |
70575 |
0.0129 |
474160950 |
86.7699 |
236 |
25 |
0.0000 |
474090375 |
86.7570 |
238 |
250 |
0.0000 |
474090350 |
86.7570 |
239 |
2025 |
0.0004 |
474090100 |
86.7570 |
240 |
443976350 |
81.2463 |
474088075 |
86.7566 |
CUTT-OFF |
30111725 |
5.5103 |
30111725 |
5.5103 |
TOTAL |
546457625 |
100.0000 |
|
|
The Basis of Allocation was finalized in consultation with the National Stock Exchange
of India Limited ("NSE") on 21st November, 2006
A. Allocation to Employees
The Basis of Allocation to the Employees category, who have bid at cut-off or at and above
the Issue Price of Rs.240/- per Equity Share, was finalized in consultation with NSE. The
category was subscribed 1.16740 times. The total number of shares allotted in this
category is 500000 Equity Shares. The category-wise details of the Basis of Allocation
(Sample) are as under:
Category |
No. of
Applns. |
% to
Total |
Total No.
of Shares
applied |
% to
Total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
50 |
2 |
1.03 |
100 |
0.02 |
43 |
FIRM |
86 |
1500 |
8 |
4.12 |
12000 |
2.06 |
1285 |
FIRM |
10280 |
3200 |
3 |
1.55 |
9600 |
1.64 |
2741 |
FIRM |
8223 |
9000 |
2 |
1.03 |
18000 |
3.08 |
7710 |
FIRM |
15420 |
10000 |
1 |
0.52 |
10000 |
1.71 |
8566 |
FIRM |
8566 |
10250 |
1 |
0.52 |
10250 |
1.76 |
8780 |
FIRM |
8780 |
10400 |
1 |
0.52 |
10400 |
1.78 |
8909 |
FIRM |
8909 |
10500 |
1 |
0.52 |
10500 |
1.8 |
8994 |
FIRM |
8994 |
11000 |
1 |
0.52 |
11000 |
1.88 |
9423 |
FIRM |
9423 |
11450 |
1 |
0.52 |
11450 |
1.96 |
9808 |
FIRM |
9808 |
12000 |
2 |
1.03 |
24000 |
4.11 |
10280 |
FIRM |
20560 |
15050 |
1 |
0.52 |
15050 |
2.58 |
12892 |
FIRM |
12892 |
20500 |
1 |
0.52 |
20500 |
3.51 |
17560 |
FIRM |
17560 |
21000 |
1 |
0.52 |
2100 |
3.6 |
17989 |
FIRM |
17989 |
26000 |
1 |
0.52 |
26000 |
4.45 |
22272 |
FIRM |
22272 |
27000 |
1 |
0.52 |
27000 |
4.63 |
23128 |
FIRM |
23128 |
27225 |
1 |
0.52 |
27225 |
4.66 |
23321 |
FIRM |
23321 |
31650 |
1 |
0.52 |
31650 |
5.42 |
27105 |
FIRM |
27105 |
B. Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above
the Issue Price of Rs.240/- per Equity Share, was finalized in consultation with NSE. The
category was over subscribed 2.33388 times. The total number of shares allotted in this
category is 13191733 Equity Shares. The category-wise details of the Basis of Allocation
are as under: '
Category |
No. of
Applns. |
% to
Total |
Total No.
of Shares
applied |
% to
Total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
25 |
25778 |
14.41 |
644450 |
2.09 |
25 |
43:100 |
277175 |
50 |
23601 |
13.2 |
1180050 |
3.83 |
25 |
43:50 |
507425 |
75 |
9399 |
5.26 |
704925 |
2.29 |
32 |
FIRM |
300768 |
100 |
23580 |
13.19 |
2358000 |
7.66 |
43 |
FIRM |
1013940 |
125 |
5806 |
3.25 |
725750 |
2.36 |
53 |
FIRM |
307718 |
150 |
5178 |
2.9 |
776700 |
2.52 |
64 |
FIRM |
331392 |
175 |
2383 |
1.33 |
417025 |
1.35 |
75 |
FIRM |
178725 |
200 |
43108 |
24.11 |
8621600 |
28 |
86 |
FIRM |
3707288 |
225 |
1216 |
0.68 |
273600 |
0.89 |
96 |
FIRM |
116736 |
250 |
1464 |
0.82 |
366000 |
1.19 |
107 |
FIRM |
156648 |
275 |
269 |
0.15 |
73975 |
0.24 |
117 |
FIRM |
31473 |
300 |
1285 |
0.72 |
385500 |
1.25 |
129 |
FIRM |
165765 |
325 |
272 |
0.15 |
88400 |
0.29 |
139 |
FIRM |
37808 |
350 |
322 |
0.18 |
112700 |
0.37 |
150 |
FIRM |
48300 |
375 |
384 |
0.21 |
144000 |
0.47 |
161 |
FIRM |
61824 |
400 |
34788 |
19.45 |
13915200 |
45.2 |
171 |
FIRM |
5948748 |
C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional, who have bid at and above the Issue
Price of Rs.240/ - per Equity Share, was finalized in consultation with NSE. The category
was subscribed 1.32554 times. The total number of shares allotted in this category is
4397219 Equity Shares. The categorywise details of the Basis of Allocation (Sample) are as
under:
Category |
No. of
Applns. |
% to
Total |
Total No.
of Shares
applied |
% to
Total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
425 |
28 |
7.05 |
11900 |
0.2 |
321 |
FIRM |
8988 |
10000 |
19 |
4.79 |
190000 |
3.26 |
7544 |
FIRM |
143336 |
50000 |
2 |
0.5 |
100000 |
1.72 |
37721 |
FIRM |
75442 |
62500 |
5 |
1.26 |
312500 |
5.36 |
47151 |
FIRM |
235755 |
75000 |
2 |
0.5 |
150000 |
2.57 |
56581 |
FIRM |
113162 |
83325 |
3 |
0.76 |
249975 |
4.29 |
62861 |
FIRM |
188583 |
93750 |
2 |
0.5 |
187500 |
3.22 |
70726 |
FIRM |
141452 |
100000 |
1 |
0.25 |
100000 |
1.72 |
75441 |
FIRM |
75441 |
125000 |
1 |
0.25 |
125000 |
2.14 |
94301 |
FIRM |
94301 |
166650 |
1 |
0.25 |
166650 |
2.86 |
125723 |
FIRM |
125723 |
208300 |
1 |
0.25 |
208300 |
3.57 |
157144 |
FIRM |
157144 |
208325 |
1 |
0.25 |
208325 |
3.57 |
157163 |
FIRM |
157163 |
233325 |
1 |
0.25 |
233325 |
4 |
176023 |
FIRM |
176023 |
300000 |
1 |
0.25 |
300000 |
5.15 |
226323 |
FIRM |
226323 |
333000 |
1 |
0.25 |
333000 |
5.71 |
251201 |
FIRM |
251201 |
D. Allocation to QIBs
Allocation to QIBS have been done on a proportionate basis in consultation with NSE. AS
per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares
available (1319171) and other QIBs and unsatisfied demands of Mutual Funds were allotted
the remaining available shares (25064258) on proportionate basis. The sectors] cap and
other limits applicable to the holding of shares in company have been taken into account
while allotting shares. Mutual Funds were allotted 5.00% for QIB segment and other QIB
applicants were allotted 95.00% of the shares for QIB segment.
Category |
Flls/Banks |
MFs |
File |
Insurance
Companies |
VCs |
Total |
No. of Shares |
4516707 |
4661700 |
14124418 |
3080604 |
- |
26383429 |
The Board of Directors of the company at its Meeting held at Hyderabad on 21st
November, 2006 has approved the basis of allocation of shares of the Issue and has
allotted the shares to various successful applicants.
The Refund Orders and allotment advice and notice has been dispatched to the address of
the investors as registered with the depositories. In case the same is not received within
ten days, investors may contact at the address given below. The Refund Orders have been
over-printed with the Bank Mandate details as registered, if any, with the depositories.
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 National Stock Exchange of India Limited within seven working days
from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars
to the Issue, Intime Spectrum Registry Limited at www.intlmespgctrum.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 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 LIMITED
Unit : LANCO INFRATECH Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai - 400 078
Tel. No.: (91 22) 2596 0320 - 28, Fax. No.: (91 22) 2596
0329
Email : isrl@intimespectrum.com
Place : Hyderabad
Date : 23rd November, 2006 |
For LANCO INFRATECH LIMITED
Sd/-
Company Secretary |
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 LANCO INFRATECH LIMITED. |