HT Media Limited
(Incorporated under the Companies Act, 1956 on December 3, 2002 as HT Media Limited)
Regd Office: Hindustan Times House, 18-20, Kasturba Gandhi Marg, New Delhi, India.
Tel: +91-11-5556 1234, Fax: +91-11-2373 8887 Website: www.hindustantimes.com , Email: ipo@hindustantimes.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 6,995, 000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 530
PER EQUITY SHARE AGGREGATING RS. 3,707.35 MILLION, COMPRISING A FRESH ISSUE OF 4,640,000
EQUITY SHARES OF RS.10 EACH BY HT MEDIA LIMITED ("HT MEDIA", "THE
COMPANY" OR "THE ISSUER") AND AN OFFER FOR SALE OF 2,355,000 EQUITY SHARES
OF RS. 10 EACH BY HPC (MAURITIUS) LIMITED ("HPC" OR THE SELLING
SHAREHOLDER"), THE FRESH ISSUE AND THE OFFER FOR SALE ARE JOINTLY REFERRED TO HEREIN
AS THE ISSUE ("THE ISSUE").
THERE WAS GREEN SHOE OPTION OF 696,000 EQUITY SHARES TO BE OFFERED BY THE HINDUSTAN
TIMES LIMITED, I.E, THE PROMOTER, FOR CASH AT A PRICE OF 530 PER EQUITY SHARE AGGREGATING
RS.368.88 MILLION. THE ISSUE AND THE GREEN SHOE OPTION, IF EXERCISED IN FULL, AGGREGATE
7,691,000 EQUITY SHARES AMOUNTING TO RS. 4,076.23 MILLION. THE ISSUE CONSTITUTES 15.08% OF
THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS
NOT EXERCISED AND 16.33% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY ASSUMING
THAT THE GREEN SHOE OPTION IS EXERCISED IN FULL.
THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH FOR CASH AT A PRICE OF RS. 530/- EACH AND
THE ISSUE PRICE IS 53 TIMES OF THE FACE VALUE.
The issue was made through the 100% Book Building Process wherein 60% of the Issue was
allocated on a dicretionary basis to Qualified Institutional Buyers ("QIBs").
Further, 10% of the Issue was alloted on a proportionate basis to Non-Institutional
Bidders and 30% of the Issue was allocated on a proportionate basis of Retail Individual
Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 151,291 applications (including the Green Shoe Option) for 145,131,964
equity shares resulting in 18.87 times subscription. HT Media has decided to exercise the
Green Shoe Option. The details of the application received in the Issue from Qualified
Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as
under:
| Category |
No. of Applications |
No. of Shares |
Subscription |
| Qualified Institutional Investors |
117 |
131,496,864 |
31.33 |
| Non Institutional Investors |
628 |
2,524,343 |
3.60 |
| Retail Individual Investors |
150,546 |
11,110,757 |
5.29 |
Demand as per Electronic Book
The Demand at different Bid Price is as under:
| Bid Price |
No.of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
| 445 |
2,049,192 |
1.40 |
145,930,272 |
100.00 |
| 446 |
72 |
0.00 |
143,881,080 |
98.60 |
| 447 |
108 |
0.00 |
143,881,008 |
98.60 |
| 448 |
192 |
0.00 |
143,880,900 |
98.60 |
| 450 |
7,812 |
0.01 |
143,880,708 |
98.60 |
| 451 |
48 |
0.00 |
143,872,896 |
98.59 |
| 454 |
60 |
0.00 |
143,872,848 |
98.59 |
| 455 |
600 |
0.00 |
143,872,788 |
98.59 |
| 458 |
12 |
0.00 |
143,872,188 |
98.59 |
| 459 |
24 |
0.00 |
143,872,176 |
98.59 |
| 460 |
7,200 |
0.00 |
143,872,152 |
98.59 |
| 461 |
60 |
0.00 |
143,864,952 |
98.58 |
| 462 |
1,740 |
0.00 |
143,864,892 |
98.58 |
| 463 |
456 |
0.00 |
143,863,152 |
98.58 |
| 465 |
252 |
0.00 |
143,862,696 |
98.58 |
| 467 |
1,776 |
0.00 |
143,862,444 |
98.58 |
| 470 |
14,940 |
0.01 |
143,860,668 |
98.58 |
| 471 |
24 |
0.00 |
143,845,728 |
98.57 |
| 475 |
9,281,616 |
6.36 |
143,845,704 |
98.57 |
| 476 |
24 |
0.00 |
134,564,088 |
92.21 |
| 477 |
12 |
0.00 |
134,564,064 |
92.21 |
| 480 |
1,320 |
0.00 |
134,564,052 |
92.21 |
| 485 |
2,062,980 |
1.41 |
134,562,732 |
92.21 |
| 486 |
60 |
0.00 |
132,499,752 |
90.80 |
| 488 |
36 |
0.00 |
132,499,692 |
90.80 |
| 489 |
192 |
0.00 |
132,499,656 |
90.80 |
| 490 |
8,604 |
0.01 |
132,499,464 |
90.80 |
| 492 |
12 |
0.00 |
132,490,860 |
90.79 |
| 493 |
12 |
0.00 |
132,490,848 |
90.79 |
| 494 |
12 |
0.00 |
132,490,836 |
90.79 |
| 495 |
1,596 |
0.00 |
132,490,824 |
90.79 |
| 496 |
900 |
0.00 |
132,489,228 |
90.79 |
| 499 |
12 |
0.00 |
132,488,328 |
90.79 |
| 500 |
448,500 |
0.31 |
132,488,316 |
90.79 |
| 501 |
456 |
0.00 |
132,039,816 |
90.48 |
| 504 |
12 |
0.00 |
132,039,360 |
90.48 |
| 505 |
204 |
0.00 |
132,039,348 |
90.48 |
| 507 |
12 |
0.00 |
132,039,144 |
90.48 |
| 510 |
11,136 |
0.01 |
132,039,132 |
90.48 |
| 511 |
156 |
0.00 |
132,027,996 |
90.47 |
| 512 |
12 |
0.00 |
132,027,840 |
90.47 |
| 513 |
24 |
0.00 |
132,027,828 |
90.47 |
| 514 |
12 |
0.00 |
132,027,804 |
90.47 |
| 515 |
420 |
0.00 |
132,027,792 |
90.47 |
| 516 |
36 |
0.00 |
132,027,372 |
90.47 |
| 518 |
192 |
0.00 |
132,027,336 |
90.47 |
| 519 |
60 |
0.00 |
132,027,144 |
90.47 |
| 520 |
12,348 |
0.01 |
132,027,084 |
90.47 |
| 521 |
12 |
0.00 |
132,01,4736 |
90.46 |
| 522 |
132 |
0.00 |
132,014,724 |
90.46 |
| 525 |
744 |
0.00 |
132,014,592 |
90.46 |
| 526 |
84 |
0.00 |
132,013,848 |
90.46 |
| 527 |
252 |
0.00 |
132,013,764 |
90.46 |
| 529 |
192 |
0.00 |
132,013,512 |
90.46 |
| 530 & at "Cut Off' |
132,013,320 |
90.46 |
132,013,320 |
90.46 |
|
145,930,272 |
100 |
|
|
The Basis of Allotment was finnalized in consultation with the Bombay Stock
Exchange Limited ("BSE") on August 23, 2005
.
A. Allocation to Retail Individual Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at
and above the issue Pirce of Rs. 530/- per Equity share, was finalized in consultation
with BSE. The category was over subscribed 4.62 times. The total number of shares allotted
in this category is 2,307,300 Equity Shares. The 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 |
| 12 |
15,025 |
10.45 |
180,300 |
1.69 |
12 |
1:4 |
45,072 |
| 24 |
15,825 |
11.00 |
379,800 |
3.56 |
12 |
10:23 |
82,560 |
| 36 |
10,424 |
7.25 |
375,264 |
3.52 |
12 |
13:20 |
81,312 |
| 48 |
9,684 |
6.73 |
464,832 |
4.36 |
12 |
13:15 |
100,716 |
| 60 |
9,102 |
6.33 |
546,120 |
5.12 |
13 |
FIRM |
118,326 |
| 72 |
4,801 |
3.34 |
345,672 |
3.24 |
16 |
FIRM |
76,816 |
| 84 |
56,825 |
39.5 |
4,773,300 |
44.77 |
18 |
FIRM |
1,022,850 |
| 96 |
2,455 |
1.71 |
235,680 |
2.21 |
21 |
FIRM |
51,555 |
| 108 |
921 |
0.64 |
99,468 |
0.93 |
23 |
FIRM |
21,183 |
|
|
|
|
|
1 |
3:14 |
198 |
| 120 |
1,331 |
0.93 |
159,720 |
1.50 |
26 |
FIRM |
34,606 |
| 132 |
244 |
0.17 |
32,208 |
0.30 |
29 |
FIRM |
7,076 |
| 144 |
495 |
0.34 |
71,280 |
0.67 |
31 |
FIRM |
15,345 |
| 156 |
206 |
0.14 |
32,136 |
0.30 |
34 |
FIRM |
7,004 |
| 168 |
377 |
0.26 |
63,336 |
0.59 |
36 |
FIRM |
13,572 |
| 180 |
16,131 |
11.21 |
2,903,580 |
27.23 |
39 |
FIRM |
629,109 |
B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional category, who have bid at and
above the issue Price of Rs. 530/- per Equity Share, was finalized in consultation with
BSE. The category was subscribed 3.26 times. The total number of shares allotted in this
category is 769,100 Equity Shares. The 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 |
| 192 |
94 |
16.43 |
18048 |
0.72 |
59 |
FIRM |
5,546 |
| 1008 |
5 |
0.87 |
5,040 |
0.2 |
309 |
FIRM |
1,545 |
| 10200 |
1 |
0.17 |
10,200 |
0.41 |
3,126 |
FIRM' |
3,126 |
| 20400 |
1 |
0.17 |
20,400 |
0.81 |
6,252 |
FIRM |
6,252 |
| 56604 |
1 |
0.17 |
56,604 |
2.26 |
17,346 |
FIRM |
17,346 |
| 57024 |
1 |
0.17 |
57,024 |
2.27 |
17,475 |
FIRM |
17,475 |
| 94332 |
4 |
0.70 |
377,328 |
15.03 |
28,908 |
FIRM |
115,632 |
| 188676 |
1 |
0.17 |
188,676 |
7.52 |
57,819 |
FIRM |
57,819 |
| 471696 |
1 |
0.17 |
471,696 |
18.79 |
144,496 |
FIRM |
144,496 |
C. Allocation to QIBs
| Category |
Fls/Banks |
MFs |
FIIs |
Insurance Companies |
Total |
| No.of Shares |
438400 |
1328568 |
2608522 |
239110 |
4614600 |
The committe of Directors (IPO) of the company at its Meeting held at Hyderabad on
August 24, 2005 has approved the basis of allocation of shares and allotted the share to
the successful applicants.
The Refund Orders will be dispatched to the address of the investors as registered with
the depositories and the Equity Shares will be credeited to the accounts of the successful
applicants on or before August 25, 2005. 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 depositories. The shares
allocated to successful applicants are being credited to their beneficiary accounts
subject to validation of the account details with the depositories concerned. The company
is taking steps to get the equity shares admited for trading on the Bombay Stock Exchange
Limited and The National Stock Exchange of India Limited, within seven working days from
the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Regisrars to the
Issue, Kary Computershare Private Limited at www.karvy.com
or http://kcpl.karvy.com
Al future correspondence in this regard may kindly be addressed to the
Registerars 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 Sydicate and Place where the bid was submitted and payment details at the address
given below:
Karvy Computershare Private Limited:
Unit: HT Media, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad-
500034, Fax: 040-23311968
Email: htipo@karvy.com or mailmanager@karvy.com
TOLL FREE- HELPLINE NUMBERS 1-600-3454001
Place : New Delhi
Date : August 24, 2005 |
For HT Media Limited
Sd/-
V.K.Charoria
Asst.Vice President
(Corporate Affairs & Taxation) and Company Secretary |
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 HT
MEDIA LIMITED. |