|Basis of Allotment|
Surya Pharmaceutical Limited
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)
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:
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
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