AIA ENGINEERING LIMITED
(Incorporated on March 11, 1991 as
Magotteaux India Pvt. Ltd. at Ahmedabad, Gujarat under the Companies Act, 1956. For details of Incorporation, change
In name and status, please refer to the chapter on History and Other Corporate Matters)
Registered Office: 115,
G.V.M.M Estate, Odhav Road, Ahmedabad- 382410, Gujarat, India
Tel: +91-79-22901078; Fax;
+91-79-22901077; E-mail: ala.ipo@aiaengineering.com;
Website: www.alaengineering.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 47,00,000 EQUITY
SHARES OF Rs. 10/- EACH ISSUED FOR CASH AT A PRICE OF Rs. 315/-(INCLUDING PREMIUM OF Rs. 305/-)
PER SHARE AGGREGATING Rs. 14805 LACS (HEREINAFTER REFERRED TO AS "THE ISSUE") INCLUDING AN
EMPLOYEE RESERVATION OF 188,000 EQUITY SHARES OF Rs. 10/- EACH ISSUED FOR CASH AT A PRICE OF Rs. 315/-
(INCLUDING A PREMIUM OF Rs. 308) PER SHARE AGGREGATING Rs. 582.20 LACS THE NET OFFER TO THE
PUBLIC CONSTITUTES Rs. 14212.80 LACS.
THE ISSUE CONSTITUTES 26.44% OF THE
FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE ISSUE PRICE OF Rs. 315 PER EQUITY
SHARE OF FACE VALUE OF Rs. 10/- EACH IS 31.5 TIMES OF THE FACE VALUE.
The Issue was made through the 100%
book building process wherein up to 50% of the Issue was to be allocated on a proportionate basis
to Qualified Institutional Buyers (QIBs). Further, not less than 15% of the Issue was to be made available for
allocation on a proportionate basis to Non- Institutional Bidders and not less than 35% of the Issue was
to be made available for allocation on a proportionate basis to Retail Individual Bidders, subject to
valid bids being received at or above the Issue Price.
The Issue received 137077
applications for 128299500 equity shares resulting in 27.29 times subscription. The
details of the
applications received in the Issue from Retail, Non Institutional and Qualified
Institutional Investor categories are as under
| Category |
No. of Applications |
No. of Shares |
Subscription |
| Qualified Institutional Buyers |
146 |
81790700 |
36.25 times oversubscribed |
| Non Institutional Investors |
750 |
26702200 |
39.45 times oversubscribed |
| Retail Investors |
135918 |
19619140 |
12.42 times oversubscribed |
| Employees |
263 |
187460 |
0.99 times oversubscribed |
Final Demand
A sample of the final demand at different bid prices Is as under:
| Rate |
No. of appls |
No. of Shares |
Cumulative
No. of Applns. |
Cumulative
No. of Shares |
% age
to Size |
| 275 |
727 |
1267740 |
139509 |
135029880 |
100.00 |
| 276 |
10 |
740 |
139461 |
134904060 |
99.91 |
| 277 |
95 |
27460 |
139458 |
134903940 |
99.91 |
| 278 |
10 |
3080 |
139456 |
134901580 |
99.90 |
| 280 |
92 |
35680 |
139455 |
134901380 |
99.90 |
| 282 |
5 |
1700 |
139443 |
134898060 |
99.90 |
| 283 |
2 |
40 |
139443 |
134897960 |
99.90 |
| 285 |
53 |
4049460 |
139442 |
134897940 |
99.90 |
| 286 |
2 |
440 |
139434 |
134703560 |
99.76 |
| 287 |
1 |
20 |
139434 |
134703520 |
99.76 |
| 288 |
4 |
740 |
139433 |
134703500 |
99.76 |
| 289 |
2 |
680 |
139433 |
134703440 |
99.76 |
| 290 |
139 |
998680 |
139433 |
134703360 |
99.76 |
| 292 |
1 |
200 |
139417 |
134667040 |
99.73 |
| 293 |
1 |
160 |
139471 |
134667020 |
99.73 |
| 294 |
110 |
37080 |
139417 |
134667000 |
99.73 |
| 295 |
249 |
1180800 |
139417 |
134663960 |
99.73 |
| 296 |
5 |
1600 |
139412 |
134621380 |
99.70 |
| 297 |
1 |
20 |
139412 |
134621280 |
99.70 |
| 300 |
363 |
11230320 |
139412 |
134621280 |
99.70 |
| 301 |
2 |
280 |
139349 |
134072920 |
99.29 |
| 303 |
3 |
360 |
139349 |
134072900 |
99.29 |
| 305 |
39 |
39744260 |
139349 |
134072860 |
99.29 |
| 307 |
2 |
80 |
139341 |
133675140 |
99.00 |
| 309 |
14 |
2880 |
139339 |
133675060 |
99.00 |
| 310 |
114 |
9611900 |
139339 |
133674780 |
99.00 |
| 312 |
130 |
34720 |
139324 |
131771140 |
97.59 |
| 313 |
2 |
260 |
139316 |
131766140 |
97.58 |
| 314 |
1 |
40 |
139315 |
131766020 |
97.58 |
| 315 & at cut off |
6038 |
112815840 |
138314 |
131765980 |
97.58 |
| 9999 |
135235 |
19566760 |
133475 |
19323400 |
14.31 |
The Basis of Allotment was finalized in consultation with the National Stock Exchange
(NSE), Bombay, on December 06, 2005.
A.Allocation to Employees
All employee applications received firm allotment.
B.Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the
Issue Price of Rs.315/- per Equity Share, was finalized in consultation with NSE. The
category was over subscribed 12.42 times. The total number of shares allotted in this
category is 1579746 Equity Shares. Sample of 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 |
| 20 |
11657 |
8.73 |
233140 |
1.21 |
19088 |
5:61 |
19100 |
| 140 |
56136 |
43.55 |
8139040 |
42.18 |
666386 |
59:101 |
679220 |
| 300 |
25186 |
18.87 |
7555800 |
39.16 |
618634 |
FIRM |
604464 |
C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional investors who had bid at the Issue
Price of Rs.315/- per Equity Share, was finalized in consultation with NSE. The category
was subscribed 39.45 times. The total number of shares allotted in this category is 676794
Equity Shares. Sample of 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 |
| 320 |
43 |
5.91 |
13760 |
0.05 |
350 |
9:21 |
360 |
| 1000 |
32 |
4.40 |
32000 |
0.12 |
814 |
FIRM |
800 |
| 10000 |
31 |
4.26 |
310000 |
1.17 |
7889 |
FIRM |
7874 |
| 12700 |
9 |
1.24 |
114300 |
0.43 |
2909 |
FIRM |
2907 |
| 20000 |
8 |
1.10 |
160000 |
0.60 |
4072 |
FIRM |
4072 |
| 100000 |
6 |
0.82 |
600000 |
2.26 |
15270 |
FIRM |
15270 |
| 830000 |
2 |
0.27 |
1660000 |
6.24 |
42246 |
FIRM |
42246 |
| 3175000 |
1 |
0.14 |
3175000 |
11.94 |
80803 |
FIRM |
80772 |
D. Allocation to
QIBs
| Category |
Fie/Banks |
MFs |
File |
Insurance Companies |
VCs |
Total |
| No. of Shares |
246895 |
771279 |
1106687 |
131139 |
Nil |
2256000 |
The Committee of Directors (IPO) of the Company in its Meeting held at Ahmedabad
on 6th December has approved the
basis of allotment of shares as above and the shares to various successful applicants have
been alloted accordingly.The CAN cum Refund Orders In respect of the refund due to
applicants are being dispatched to the address of the investors asregistered with the
depositories. In case the same is not received within ten days, investors may contact at
the address given below. The Refund Orders will be printed with the Bank Mandate details
as registered, If any, with the depositories. The shares allocated to successful
applicants will be credited to their beneficiary accounts subject to validation of the
account details with the depositories concerned. AIA ENGINEERING LIMITED is taking steps
to get the equity shares admitted for trading on the Bombay Stock Exchange Limited and the
National Stock Exchange of India Limited within seven working days from the date of
approval of the basis of allocation.
INVESTORS PLEASE NOTE
The details of the allocation made would also be hosted on the website of Registrars to
the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
AH 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
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W), Mumbai-400 078; Tel: 91 22 5555
5491;
Fax: 91 22 5555 5499, e-mail: aiaeng@intimespectnjm.com, Website: www.intimespectrum.com
Contact Person: Vishwas Attavar
| Date: December 8, 2005
Place: Mumbai |
For AIA ENGINEERING 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 AIA ENGINEERING
LIMITED. |