Basis of Allotment

Surya Pharmaceutical LimitedRegistered Office

Surya Pharmaceutical Limited
Registered Office : 85, HPSIDC, Industrial Area, Baddi, District Solan (H.P) - 173205
Phone : 91-1795-2245350, TeleFax : 91-1795-2245350

Corporate Office: 1232, Sector 18-C, Chandigarh - 160018
Phone : 91-(172)-2779635 (8 lines) Fax : 91-(172)-2779639,
Email: Surya@suryapharma.com, Website: www.suryapharma.com

Public Issue of 30,00,000 Equity Shares of Rs. 10 each for cash at a premium of Rs. 35/- per share aggregating Rs. 1350 lacs.

Basis of Allotment

The Board of Directors thank the investing public for their encouraging reaponse to the Public Issue which opened for subscription on 18.12.2003 and closed on 22.12.2003. The Public Issue has received 50417 valid applications for 3,50,09,600 equity shares from the Indian Public resulting in 11.67 times over subscription for the public offer.  The Basis of Allotment was finalised in consultation with The National Stock Exchange of India Limited, Mumbai on 12.01.2004.  Accordingly 30,08,600 equity shares have been allotted by the Board of Directors in their meeting held on 12.01.2004 as mentioned below:

1. Individual Investors who have applied for not more than 1100 shares (Retail Investors)
The company has received 49976 valid applications for 2,48,70,100 shares in this category which is 71.04% of total subscription received.  The details of category-wise allotment are given below:

Category No. of Shares allotted No. of Allottees Total No. of Shares allotted Ratio
100 100 1021 102100 3:35
200 100 1594 159400 6:35
300 100 933 98300 9:35
400 100 778 77800 10:29
500 100 2027 202700 3:7
600 100 670 6700 8:15
700 100 247 24700 3:5
800 100 392 39200 11:16
900 100 433 43300 19:24
1000 100 12259 1225900 6:7
1100 100 1001 100100 17:18

2. Individual Investors who have applied for more than 1100 shares and corporate bodies & institutions in all categories.

The company has received 441 valid applications for 1,01,39,500 shares in this category which is 28.96% of total subscription received.  The details of category-wise allotment are given below:

Category No. of Shares allotted No. of Allottees Total No. of Shares allotted Ratio
100 100 2 200 1:3
200 100 1 100 1:3
300 100 2 200 1:2
400 100 1 100 1:2
600 100 1 100 1:2
1000 100 10 1000 5:6
1100 100 5 500 5:6
Above 1100 proportionate 406 870900 1:1

In the process of rounding off to the nearest 100 shares, the Company has allotted a total of 8,600 additional shares.

1. Refund Orders, whichever applicable have already been despatched on 14.1.2004
2. The Beneficiary Account of allottees with CDSL and / or NSDL have been credited on 14.1.2004
3. Listing Applications have been filed with The National Stock Exchange of India Limited, Mumbai and The Stock Exchange Mumbai (BSE)

All future correspondence in this respect should be addressed to the Registrars to issue at their below mentioned address by mentioning full name of first applicant, Application No. No, of Shares applied and Bank Branch where the Application had been lodged.

BIG SHARE SERVICES PRIVATE LIMITED
(SEBI REGD NO: IN 00000 1385)
E-2/3 Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai - 400072
Tel: 91-022-28523474/28560652,  Fax: 91-022-28525207
E-mail: bigshare@bom7.vsnl.net.in

Place : Chandigarh
Date  : 12.01.2004

By Order  of the Board
For Surya Pharmaceutical Limited

Rajeev Goyal
Managing Director

 

 

 

 

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