HANUNG TOYS AND
TEXTILES LIMITED
(Originally Incorporated as on October 10, 1990 as "Hanung Toys (India) Private
Limited" under the Companies Act, 1956 at New Delhi. The name was changed to Hanung
Toys (India) Limited on May 23,1996 and then subsequently to
Hanung Toys and Textiles Limited on January 9, 2006)
Registered Office: E-93, 2nd Floor, Greater Kallash Enclave, Part I, New
Delhi-110 048; (For details on changes of our Registered Office, please refer to the
chapter titled "History and Other Corporate Matters" beginning on page 82 of the
Prospectus.) Tel.: +91112624 2122; Fax: +91112624 1822.
BASIS OF ALLOCATION
PUBLIC ISSUE OF 95,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PREMIUM OF RS. 85
PER EQUITY SHARE AND AT A PRICE OF RS. 95/- PER EQUITY SHARE FOR CASH AGGREGATING RS. 9025
LAKH (HEREINAFTER REFERRED TO AS "THIS ISSUE"). THIS ISSUE COMPRISES OF
RESERVATION OF 5,00,000 EQUITY SHARES AGGREGATING RS. 475 LAKH FOR ELIGIBLE EMPLOYEES ON A
COMPETITIVE BASIS AND THE NET ISSUE TO THE PUBLIC OF 90,00,000 EQUITY SHARES OF FACE VALUE
OF RS. 10/- EACH AT PREMIUM OF RS. 85 PER EQUITY SHARE AND AT A PRICE OF RS. 95 PER EQUITY
SHARE FOR CASH AGGREGATING RS. 8550 LAKH. THE NET ISSUE WOULD CONSTITUTE 35.73% OF THE
POST ISSUE PAID-UP CAPITAL OF OUR COMPANY
THE FACE VALUE PER EQUITY SHARE IS RS 10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 95/-
AND IT IS 9.5 TIMES THE FACE VALUE.
The Issue 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") (Including 5% of the 01B portion that was to specifically be allotted
to mutual funds), further, not less than 15% of the Issue shall be available for
allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of
the Issue shall be 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 31,208 applications for 8,39,30,540 equity shares resulting In 8.83
times subscription. The details of the applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional, Employees of the Company and Retail Individual
Investor categories areas under: (Before technical rejections)
Category |
No. of Applications |
No. of Shares |
Subscription |
Qualified Institutional Buyers |
71 |
55085220 |
12.24 |
Non Institutional Investors |
164 |
13890900 |
10.29 |
Employees |
50 |
140940 |
0.28 |
Retail Individual Investors |
30921 |
14813480 |
4.70 |
Final Demand
A sample of the final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
86 |
225420 |
0.27 |
84896580 |
100.00 |
88 |
540 |
0.00 |
84671160 |
99.73 |
87 |
8280 |
0.01 |
84670620 |
99.73 |
B8 |
60 |
0.00 |
84662340 |
99.72 |
89 |
3000 |
0.00 |
84882280 |
99.72 |
90 |
165300 |
0.19 |
84659280 |
99.72 |
91 |
22200 |
0.03 |
84493980 |
99.53 |
92 |
10380 |
0.01 |
84471780 |
99.50 |
93 |
1200 |
0.00 |
84461400 |
99.49 |
94 |
60 |
0.00 |
84460200 |
99.49 |
96 & at Cut Off |
84460140 |
99.49 |
84460140 |
99.49 |
|
84898580 |
100.00 |
|
|
The Basis of Allocation was finalized in consultation with Bombay Stock Exchange
Limited ("BSE") on 13 '" October, 2006.
A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Eligible Employees of the Company, who nave bid at cut-off
or at and above the Issue Price of Rs.95/- per Equity Snare, was finalized in consultation
with BSE. The category was subscribed to the extent of 0.28 times. Hence FULL and FIRM
allotments nave been made against all valid applications The total number of 140940 equity
snares were allotted In this category. The spill over portion of 359060 equity snares has
been added to Qualified Institutional Bidders, Non-Institutional Investors and Retail
Individual Investors categories in the ratio of 50:15:35.
B.Allocation to Retell Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who nave bid at cut-off or at
the Issue Prioe of Rs.95/- per Equity Snare, was finalized in consultation with BSE. The
category was oversubscribed 4.44 times. The total number of snares allotted in this
category is 3275671 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 |
60 |
4100 |
13.60 |
246000 |
1.69 |
60 |
3:13 |
56760 |
120 |
3436 |
11.40 |
412320 |
2.84 |
60 |
4:9 |
91620 |
180 |
2084 |
6.91 |
375120 |
2.58 |
60 |
2:3 |
83340 |
240 |
1700 |
5.64 |
408000 |
2.81 |
60 |
8:9 |
90660 |
300 |
1643 |
5.45 |
492900 |
3.39 |
68 |
FIRM |
111724 |
ADDITIONAL |
1 |
7:25 |
460 |
360 |
709 |
2.35 |
255240 |
1.76 |
81 |
FIRM |
57429 |
420 |
465 |
1.54 |
195300 |
1.34 |
95 |
FIRM |
44175 |
480 |
6914 |
22.94 |
3318720 |
22.82 |
108 |
FIRM |
746712 |
540 |
391 |
1.30 |
211140 |
1.45 |
122 |
FIRM |
47702 |
600 |
356 |
1.18 |
213600 |
1.47 |
135 |
FIRM |
48060 |
660 |
48 |
0.16 |
31680 |
0.22 |
149 |
FIRM |
7152 |
720 |
108 |
0.36 |
777760 |
0.53 |
162 |
FIRM |
17496 |
780 |
61 |
0.20 |
47580 |
0.33 |
176 |
FIRM |
10736 |
840 |
56 |
0.19 |
47040 |
0.32 |
189 |
FIRM |
10584 |
900 |
113 |
0.37 |
101700 |
0.70 |
203 |
FIRM |
22939 |
960 |
142 |
0.47 |
136320 |
0.94 |
216 |
FIRM |
30672 |
1020 |
7815 |
25.93 |
7971300 |
54.82 |
230 |
FIRM |
1797450 |
C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue
Price of Rs.95/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed 9.88 times. The total number of shares allotted in this category is 1403859
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 |
1080 |
16 |
10.13 |
17280 |
0.12 |
109 |
FIRM |
1744 |
1200 |
5 |
3.16 |
6000 |
0.04 |
121 |
FIRM |
605 |
5100 |
2 |
1.27 |
10200 |
0.07 |
516 |
FIRM |
1032 |
6000 |
1 |
0.63 |
6000 |
0.04 |
607 |
FIRM |
607 |
10500 |
8 |
5.06 |
84000 |
0.61 |
1063 |
FIRM |
8504 |
12000 |
3 |
1.90 |
36000 |
0.26 |
1214 |
FIRM |
3642 |
25200 |
1 |
0.63 |
25200 |
0.18 |
2550 |
FIRM |
2550 |
31560 |
1 |
0.63 |
31560 |
0.23 |
3194 |
FIRM |
3194 |
50520 |
1 |
0.63 |
50620 |
0.36 |
5113 |
FIRM |
5113 |
105240 |
3 |
1.90 |
315720 |
2.28 |
10651 |
FIRM |
31953 |
112200 |
1 |
0.63 |
112200 |
0.81 |
11355 |
FIRM |
11355 |
184200 |
1 |
0.63 |
184200 |
1.33 |
18642 |
FIRM |
18642 |
199980 |
1 |
0.63 |
199980 |
1.44 |
20239 |
FIRM |
20239 |
201000 |
1 |
0.63 |
201000 |
1.45 |
20342 |
FIRM |
20342 |
315780 |
1 |
0.63 |
315780 |
2.28 |
31958 |
FIRM |
31959 |
1578900 |
1 |
0.63 |
1578900 |
11.38 |
159794 |
FIRM |
159794 |
D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SERI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares
available (2,33,977) and other QIBs-and unsatisfied demands of Mutual Funds were allotted
the remaining available shares (44,45,553) on proportionate basis.
Category |
Fls/Banks |
MFs |
Flls |
ICs |
Total |
No of Shares |
751747 |
1511591 |
2399118 |
17074 |
4679530 |
Pursuant to Clause 6.8.3.2 (g) of the SEBI (Disclosure and Investor Protection
Guidelines), 2000 and Item no. 20 of the Notes to the Capital Structure (page no. 23) of
the Prospectus dated October 10, 2006 the Company has rounded-off fractional Equity Shares
to the nearest multiple of one (1) Equity Share.
The Board of Directors of the company at it's Meeting held at the Corporate Office of
the Company at 108-109, NSEZ, Industrial Area- Phase II, NOIDA (UP), on 14" October,
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, n 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, Darvy Computershare Private Limited at www.karvy.com
or http://kcpl.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-cumapplication 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:
Karvy Computershare Private Limited
Unit: Hanung Toys, Karvy House, 46, Avenue 4, Street No.1,
Banjara Hills, Hyderabad-500034, Fax: 040-23420814
Email: hanung.ipo@karvy.com
and mailmanager@karvy.com
TOLL FREE - HELPLINE NUMBER- 1-800-3454001
Place : NOIDA
Date : 16 October, 2006 |
For Hanung Toys and Textiles Limited
Sd/
Arvind Kumar Gupta
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 HANUNG TOYS
ANDTEXTILES LIMITED. |