|Basis of Allotment|
(Originally incorporated as Karunanidhi Investments & Trading Company Limited on July 09, 1979 under the Companies Act, 1956 with Registration No. 21-32113 with Registrar of Companies, West Bengal. The name was changed to Ramsarup Engineering Industries Limited on June 11, 2002 and subsequently changed to Ramsarup Industries Limited on March 30, 2005)
Registered A Corporate Office: Hastings Chambers, 7C,
Kiran Shankar Roy Road, 1st Floor, Kolkata-700 001, India.
Present Issue of 1,1857,500 Equity Shares of Rs 10/- each for Cash at a Premium of Rs. 50/- per Equity Share aggregating Rs. 7,114.50 Lacs. The Face Value of the Equity Shares is Rs.10/- per Equity Share and the Issue Price of Rs. 60/- per Equity Share is 6 times of the Face Value.
OFFER THROUGH THE PROSPECTUS
Public Issue of 50,00,000 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 50/- per Equity Share aggregating Rs. 3000 Lacs out of which net offer to public 40,00,000 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 50/- per Equity Share aggregating Rs. 2400 Lacs.
BASIS OF ALLOTMENT
The Board of Directors of Ramsarup Industries Limited ("the Company") thanks all the investors and the intermediaries for the success of the Public Issue. The details of subscription are as under:
*Total of 223 applications have been rejected on technical and multiplicity grounds.
As per the Basis of Allotment approved by The Stock Exchange, Mumbai, the Committee of Directors have allotted the shares at its meeting held on December 30, 2005. Allotments have been made on a proportionate basis within the specified categories, rounded off to the nearest integer subject to a minimum of 100 shares per allottees. The details of category wise allotment are as under:
1. Applications under Reserved Category
NRI/Flls applying on repatriation basis- Total of 45 valid applications were received from this category for 19,59,900 shares amounting to Rs. 1175.94 lacs resulting in 3.9198 times subscription in this category.
As per the terms mentioned under "Basis of Allotment" all the 62 valid applications were allotted shares on a proportionate basis as per the ratio in that category. Except for 1 applicant in the NRI/FII category all others have been allotted shares.
2. Retail category (Individual Investors applying up to 1600 shares) - The Company received 41710 valid applications for a total 2,16,02,800 shares amounting to Rs. 12961.68 Lacs i,e 57.04% of the total valid subscription received, resulting in 9.4599 times the subscription in this category:
3. Non-Retail category (i,e Individuals applying for more than 1600 shares and all corporates) -The Company received 259 valid applications for a total of 1,62,70,200 shares amounting to Rs. 9762.12 Lacs i.e. 42.96% of the total valid subscription received, resulting in 9.4792 times the subscription in this category.
All applications (including applications for less than 1600 shares) from Corporate Bodies have been included in this category. All valid applicants have been allotted on a proportionate basis subject to minimum allotment of 100 shares.
Dates of despatch of Refund Orders, Credit to beneficiary account and listing details.
Investors Please Note:
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