| Basis of Allotment |
Dishman Pharmaceuticals and Chemicals Limited
(Incorporated on June 29, 1983 as a private limited company under the companies Act, 1956.Became a deemed public w.e.f april 1, 1996 and the word 'Private' was deleted in the certificate of Incorporation on February 17, 1997.Subsequently,w.e.f. January 1, 1999, the name was changed to Dishman Pharmaceuticals and Chemicals Limited and a fresh certificates of incorporation was issued on October 12, 1999).
Registered & Corporate Office: Bhadra Raj Chambers, Swastik Cross Roads, Navarangpura, Ahmedabad-380 009,India
Tel: +91-79-2644 3053; Fax: +91-79-2642 0198
Website: www.dishmangroup.com; Email: dishman@dishmangroup.com
The Issue is of 3,433,500 Equity Shares of Rs. 10 each for cash at a price of Rs. 175/- per Equity Shares aggregating Rs.600.86 million. The Issue was made through a 100% book building process.
The Company has received 64,271 valid aplications for 1,318,76,200 shares resulting in 38.4 times subscription as follows:
| Category | No. of Application | No. of Equity Shares Applied | Subscription (times) |
| Retail Individual Bidders | 62,980 | 11,579,400 | 13.50 |
| Non Institutional Bidders | 1,195 | 70,682,550 | 82.34 |
| Qualified Institutinal Bidders | 96 | 49,614,250 | 28.90 |
The level of subscription should not be taken to be indicative of the market price of the equity shares .
BASIS OF ALLOCATION
A) Allocation to Non Institutional Bidders:
The Basis of Allocation to the Non Institutional Bidders who have bid for at or above the Bid price of Rs. 175/- per equity share, was finalised in consultation with the National Stock Exchange, Mumbai.The total number of shares allocated in this category is 858,400.There were 1,195 valid applications and proportionate allotment has been made.
B) Allocation to Rtail Individual Bidders:
The Basis of Allocation to the Retail Individual Bidders who have bid for at or above the Bid price of Rs. 175/- per equity share, was finalised in consultation with the National Stock Exchange, Mumbaiand shares are allocated on proportionate basis. The total nuber of shares allocated in this category is 858,400 at a price of Rs. 175/-. The category-wise details and Basis of Allocation are as under:
| Category | No. of Applications | % of Total Application | No. of shares Applied | No. of shares Allocated | Ratio | Total shares Allocated |
| 50 | 9,842 | 15.63 | 492,100 | 50 | 2:27 | 36,450 |
| 100 | 11,394 | 18.09 | 1,139,400 | 50 | 4:27 | 84,400 |
| 150 | 2,448 | 3.88 | 367,200 | 50 | 2:9 | 27,200 |
| 200 | 4,866 | 7.73 | 973,200 | 50 | 7:24 | 70,950 |
| 250 | 34,430 | 54.67 | 8,607,500 | 50 | 13:35 | 639,400 |
| Total | 62,980 | 100.00 | 11,579,400 | 858,400 | ||
C) Allocation to Qualified Institutional Buyers (QIB):
| Category | financial Institutions/Banks | Mutual Funds | Foreign Institutinal Investors | Insurance Companies | Total |
| no.of shares allocated | 0 | 849,700 | 867,000 | 0 | 1,716,700 |
Date of filling the listing application with National Stock Exchange and Bombay Stock Exchange: April 19, 2004.
Date of completion of despatch of refund orders : April 20, 2004
Date of credit of shares allocated to successful bidders : April 20, 2004
All correspondence with reference to this issue should be addressed to the registrars to the Issue quoting full name of the Frist/Sole applicant, serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place wher the bid was submitted and payment details at the following address:
INTIME SPECTRUM REGISTRY LTD, C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W), Mumbai 400078 Tel:+91-22-2592 3837 * Fax: +91-22-2567 2693 *Email: isrl@intimespectrum.com
For Dishman Pharmaceuticals and Chemicals Limited
Janmejay R. Vyas
Chairman & Managing Director
Place: Ahmedabad
Date: April 20, 2004
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