|Basis of Allotment|
SHIVALIK GLOBAL LIMITED
(The Company was incorporated on July 22, 1997 under the companies
Act,1956 as a public Limited Company in the NCT of Delhi & Haryana as "Shivalik
Global Limited" and obtained the certificate of Commencement of business
PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT A PREMIUM OF RS 50/- PER EQUITY SHARES (PRICE OF RS 60 PER SHARE) AGGREGATING TO RS 6000 LAKHS (HERINAFTER REFFERRED TO AS THE 'ISSUE') BY SHIVALIK GLOBAL LIMITED (THE COMPANY 'OR ISSUER'). THE ISSUE PRICE IS 6 TIMES OF THE FACE VALUE. THE ISSUE CONSTITUTE 41.23% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY
BASIS OF ALLOTMENT
The Board of Directors thanks the investing public for their response to
the company's maiden Public issue which opened for subscription on Thursday, 9th March,
2006 and closed on Tuesday,14th March,2006.The Basis of allotment was finalised in
consultation with Bombay Stock Exchange Limited on 31st March, 2006 and 1,00,00,000 equity
shares has been allotted by the Board at its Meeting held on 31st March,2006 as mentioned
below. The details of valid application received in the issue from Employees
(Reservation), Schedule Commercial Banks, Financial Instittuitions & Mutual Funds (
Reservation) and from the Retail and-non retails investor categories after rejection and
withdrawals are as under.
*Note: The surplus of 262700 Shares from NRI and FIIs category as well as surplus of 972600 shares from Employees category has been added back to Banks/Mutual Fund category.
A. Allocation to Retail Investors
All the applicants from 200 shares category onwards have been given firm allotment on proportionate basis inverse to the over subscription ratio.
B. Allocation to Non Retail Investor:
All the applicants in this category have been given firm allotment on proportion basis inverse to the oversubscription ratio.
Note : Under the terms of the issue Rs 30/- is payable on applications and balance of Re 30/- is due on allotment Accordingy the trading of shares is proposed for fully paid and partly paid up shares. Allotment has been made for maximum possible fully paid up shares based on amount available after adjusting Re 30/- on all shares allotted towards application money.
The refund orders has been dispatched to the address of the investors as registered with the depositories. In case the same is not received with 10 days, investors may contact at the address given below. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are credited to their beneficiary accounts subject to validations of the account details with the depositories concerned. The company has received listing approvals from Bombay Stock Exchange Ltd. and National Stock Exchange India Ltd. and the equity shares of the company shall be listed and admitted to dealings on the exchanges with effect from 10th April, 2006.
1) The fully and partly paid-up equity shares will be traded under different ISIN
All future correspondence in this regard may kindly be addressed to the
Registrar to the issue quoting full name of the first /sole applicant, serial number of
the applicants form, numberof shares applied and for payment details atthe address given
|Date : 09/04/06
Place: New Delhi
For Shivalik Global Limited
|THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE' OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUISINESS PROSPECTUS OF SHIVALIK GLOBAL LIMITED|