Shree Renuka Sugars Limited
(Incorporation October 25, 1995 at Belgaum under the Companies Act, 1956
with Incorporation No. 08-19046.)
Registered office: BC105, Havelock Road, Camp, Belgaum-590 001. Tel:
+91-831-240 4000 Fax: +91-831-240 4961;
Contact Person: Mr. R.H.Sadekar.
E-mail: investor@renukasugars.com;
Website: www.renukasugars.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 3,508,772 EQUITY SHARES OF FACE VALUE RS.10/- EACH AT A PRICE
OF RS.285 FOR CASH AT A PREMIUM AGGREGATING RS.1,000 MILLION (HEREIN REFERRED TO AS THE
"ISSUE"). THERE WILL ALSO BE A GREEN SHOE OPTION OF 350,877 EQUITY SHARES FOR
CASH AT A PRICE OF RS.285 PER EQUITY SHARE AGGREGATING RS.100 MILLION. THE ISSUE AN THE
GREEN SHOE OPTION AGGREGATE RS.1,100 MILLION. THE FACE VALUE OF THE EQUITY SHARES IS
RS.10/-. THE ISSUE WILL CONSTITUTE 14.93% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL
OF THE COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS NOT EXERCISED AND16.18% ASSUMING
THAT THE GREEN SHOE OPTION IS EXERCISED IN FULL.
The Issue made through the 100% Book Building Process wherein 60% of the Issue to
the public was to be allocated on a discretionary basis to Qualified Institutional Buyers
("QIBs")., Further, not less than 10% of the Net Issue to the public shall be
available for allocation on a proportionate basis to Non-Institutional Bidders and not
less than 30% of the Net Issue to the public 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 54299 applications for 54967992 equity shares resulting in 14.24 times
subscription. The details of the application received in the Issue from Qualified
Institutional Buyers, Non-Institutional and Retail Investor categories are as under:
Category |
No. of Applications |
No. of Shares |
Subscription |
Qualified Institutional Buyers |
72 |
40360380 |
17.42 |
Non Institutional Investors |
252 |
7273600 |
18.84 |
Retail Investors |
53975 |
7334012 |
6.33 |
Final Demand
A summary of the Final demand at various price levels as per the electronic book
is given below
Bid Price |
No. of Shares |
% to Total |
Cumulative
no. of Shares Total |
Cumulative %
to Total |
250 |
2502960 |
4.44 |
56311380 |
100.00 |
251 |
340 |
0.00 |
53808420 |
95.56 |
252 |
240 |
0.00 |
53808080 |
95.55 |
253 |
40 |
0.00 |
53807840 |
95.55 |
255 |
260 |
0.00 |
53807800 |
95.55 |
257 |
20 |
0.00 |
53807540 |
95.55 |
260 |
6200 |
0.01 |
53807520 |
95.55 |
261 |
60 |
0.00 |
53801320 |
95.54 |
262 |
40 |
0.00 |
53801260 |
95.54 |
263 |
80 |
0.00 |
53801220 |
95.54 |
264 |
20 |
0.00 |
53801140 |
95.54 |
265 |
880 |
0.00 |
53801120 |
95.54 |
266 |
700 |
0.00 |
53800240 |
95.54 |
267 |
40 |
0.00 |
53799540 |
95.54 |
269 |
20 |
0.00 |
53799500 |
95.54 |
270 |
3840 |
0.01 |
53799480 |
95.54 |
272 |
20 |
0.00 |
53795640 |
95.53 |
275 |
163660 |
0.29 |
53795620 |
95.53 |
276 |
80 |
0.00 |
53631960 |
95.24 |
277 |
1000 |
0.00 |
53631880 |
95.24 |
278 |
20 |
0.00 |
53630880 |
95.24 |
280 |
137860 |
0.24 |
53630860 |
95.24 |
281 |
20 |
0.00 |
53493000 |
95.00 |
282 |
240 |
0.00 |
53492980 |
94.99 |
285 |
160 |
0.00 |
53492740 |
94.99 |
290 |
123900 |
0.22 |
53492580 |
94.99 |
291 |
20 |
0.00 |
53368680 |
94.77 |
293 |
40 |
0.00 |
53368660 |
94.77 |
294 |
220 |
0.00 |
53368620 |
94.77 |
295 |
60 |
0.00 |
53368400 |
94.77 |
297 |
20 |
0.00 |
53368340 |
94.77 |
298 |
860 |
0.00 |
53368320 |
94.77 |
300 & at cut off |
53367460 |
94.77 |
53367460 |
94.77 |
|
56311380 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited
("BSE") ON 25TH October, 2005.
A) Allotment to Retail Individual Bidders:
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at
and above the Issue Price of Rs. 285/- per Euity Share, was finalized in consultation with
BSE. The category was over subscribed 6.18 times. The total number of shares allotted in
this category is 1157895 Equity Shares. The category-wise details of the Basis of
Allocation are as under:
Category
(No. of Shares
Applied For) |
No.of
Applications
Received |
% to
Total |
No. of
Shares
Applied |
% to
Total |
No. of
Shares
Allocated |
Ratio of
Allottees to
Applicants |
Total
Shares
Allocated |
0 |
7279 |
13.86 |
145580 |
2.03 |
20 |
3:19 |
22980 |
40 |
5186 |
9.88 |
207440 |
2.90 |
20 |
6:19 |
32760 |
60 |
3591 |
6.84 |
215460 |
3.01 |
20 |
9:19 |
34020 |
80 |
2059 |
3.92 |
164720 |
2.30 |
20 |
5:08 |
25740 |
100 |
3955 |
7.53 |
395500 |
5.52 |
20 |
4:05 |
63280 |
120 |
1198 |
2.28 |
143760 |
2.01 |
20 |
11:12 |
21960 |
140 |
1219 |
2.32 |
170660 |
2.38 |
23 |
1:1 |
28037 |
160 |
19577 |
37.28 |
3132320 |
43.73 |
26 |
1:1 |
509002 |
180 |
198 |
0.38 |
35640 |
0.50 |
29 |
1:1 |
5742 |
200 |
482 |
0.92 |
96400 |
1.35 |
32 |
1:1 |
15424 |
220 |
62 |
0.12 |
13640 |
0.19 |
36 |
1:1 |
2232 |
240 |
111 |
0.21 |
26640 |
0.37 |
39 |
1:1 |
4329 |
260 |
86 |
0.16 |
22360 |
0.31 |
42 |
1:1 |
3612 |
280 |
86 |
0.16 |
24080 |
0.34 |
45 |
1:1 |
3870 |
300 |
342 |
0.65 |
102600 |
1.43 |
49 |
1:1 |
16758 |
320 |
7030 |
13.39 |
2249600 |
31.41 |
52 |
1:1 |
365560 |
340 |
47 |
0.09 |
15980 |
0.22 |
55 |
1:1 |
2585 |
|
|
|
|
|
1 |
1:13 |
4 |
Grand Total |
52508 |
100.00 |
7162380 |
100.00 |
|
|
1157895 |
B) Allotment to Non Institutional Bidders:
The Basis of Allocation to the Non institutional, who have bid at and above the Issue
Price of Rs.285/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed 18.84 times. The total number of shares allotted in this category is 385964
Equity Shares. A 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 |
360 |
5 |
2.03 |
1800 |
0.02 |
20 |
1:1 |
100 |
400 |
18 |
7.32 |
7200 |
0.10 |
21 |
1:1 |
378 |
1000 |
19 |
7.72 |
19000 |
0.26 |
53 |
1:1 |
1007 |
5000 |
6 |
2.44 |
30000 |
0.41 |
265 |
1:1 |
1590 |
20080 |
1 |
0.41 |
200800 |
0.28 |
1066 |
1:1 |
1066 |
51000 |
1 |
0.41 |
51000 |
0.70 |
2707 |
1:1 |
2707 |
112580 |
1 |
0.41 |
112580 |
1.55 |
5976 |
1:1 |
5976 |
500000 |
1 |
0.41 |
500000 |
6.88 |
26540 |
1:1 |
26540 |
1060340 |
2 |
0.81 |
2120680 |
29.16 |
56284 |
1:1 |
112568 |
1386000 |
1 |
0.41 |
1386000 |
19.06 |
73544 |
1:1 |
73544 |
C) Allotment to Qualified Institutional Buyers (QIBs):
Category |
Financial
Institutions/Banks |
Mutual
Funds |
Foreign
Institutional Investors |
Insurance
Companies |
Total |
No. of Shares |
30000 |
940500 |
1145290 |
200000 |
2315790 |
The Committee of Directors for IPO of the company at it's Meeting held at
Hyderabad on 26th October, 2005 has approved the basis of allocation of shares and
allotted the shares to various successful applicants.
The Refund Orders will be 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, if any, with the depositoreis. The shares allocated to successful
applicants are being credited to their beneficiary accounts subject to validation of the
account details awiht 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.
Place : Mumbai
Date : October 26, 2005 |
For Shree Renuka Sugars Limited
R.H. Sadekar
Company Secretary |
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the
Issue, Karvy 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-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:
Karvy Computershare Private Limited
Unit: Renuka Sugars, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills,
Hyderabad - 500034, Fax : 040-23311968
Email : renukasugars@karvy.com or mailmanager@karvy.com
TOLL FREE - HELPLINE NUMBERS
1-600-3454001 |