|Basis of Allotment|
ALLSEC TECHNOLOGIES LTD.
(The Company was incorporated on August 24, 1998 under the Companies
Act, 1956 and was issued a Certificate for Commencement of Business on October 16, 1998.
The registration number assigned to the Company on incorporation is 18-41033 of 1998)
BASIS OF ALLOCATION
Public Issue of 3,141,200 Equity Shares of Rs. 10/- each at a Price of Rs.135/- for cash aggregating Rs.424.1 million (referred to as the "Issue") comprising 149,600 Equity Shares of Rs.10/- each reserved for the employees of the Company and a Net Offer to the Public of 2,991,600 Equity Shares of Rs.10/- each. The Issue constitutes 26.255% of the fully diluted post Issue paid-up capital of the Company.
ISSUE PRICE OF RS.135/- PER EQUITY SHARE OF FACE VALUE OF FACE VALUE OF RS. 10/- EACH, THE ISSUE PRICE IS 13.5 TIMES OF THE FACE VALUE
The isssue was made through the 100% Book Building Process wherein at least 50% of the Net Offer to the Public was to be allocated to Qualified Institutional Buyers on a discretional Investors and not more than 25% of the Net Offer to the Public was to be allocated to Retail Individual Investors on a Propotionate basis, subject to valid bids being received at or above the Issue Price.
The Issue received 8853 applications for 1217868 equity shares resulting in 3.87 times subsciption. The details of the applications received in the Issue from Emplyees, Retail, Non Institutional and Qualified Institutional Investor categories are as under:
*After eliminating cheque returns # Including bids received at cut-off price.
The Basis of Allotment was finalized in consultation with National Stock Exchange of India Limited (NSE) on May 2, 2005.
A. Allocation to Employees
B. Allocation to Retail Investors
C. Allocation to Non Institutional Investors
D. Allocation to QIBs
The Board of Directors of the company at its Meeting held at Chennai on May 3, 2005 has approved the basis of allocation of shares and allotted the shares to various successful applicants.
The despatch of Refund Orders has been completed by May 04, 2005 to the address of the investors as registered with the depositories. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. Issuer is taking steps to get the Equity Shares admitted for trading on the National Stock Exchange of India Limited and on The Stock Exchange, Mumbai within seven working days from the date of approval of basis of allocation.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the Firs / 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: Allsec Technologies, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034; Fax: 040-23311968; Email: firstname.lastname@example.org or email@example.com
TOLL FREE - HELPLINE NUMBER: 1-600-334001
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 ALLSEC TECHNOLOGIES LIMITED.