|Basis of Allotment|
Sah Petroleums Limited
|Public Issue of 90,80,000 Equity Shares of Rs. 5/- each for cash at a premium of Rs. 30/- each aggregating to Rs.3178 Lakhs.|
BASIS OF ALLOTMENT
|The Board of Directors of Sah Petroleums Limited (SPL) thank the
investing public for their response the Public Offer of Equity Shares of the Company which
opened for Subscription on August 30, 2004 and closed on September 6, 2004. The Company
has received 18589 valid applications for a total of 10199850 Equity Shares
resulting in over-subscription of 1.12 times. The Basis of Allotments was finalised on 16th
September 2004 in consultation with The National Stock Exchange of India Limited.
Allotments have been made on proportionate basis with in the specified categories, rounded
off to the nearest integer subject ot a minimum allotment of 150 Shares per applicant. The
board of Directors have allotted the shares at their meeting held on 17thSeptember
2004 as per the details given below:
1. Retail category (Individual investors applying upto 1350 shares)
The Company has received 18469 valid applications for a total of 8487150 Equity Shares which is 83.21% of the total subscription received. The details of category-wise allotments are given below:
|2. Non-retail category - Individuals above 1350 shares,
Corporates, Institutions and others.
The Company has received 120 valid applications for a total of 1712700 Equity Shares which is 16.79% of the total subscription received. Allotments have been made to all appilcants in this category on firm basis, in proportion to the invers of subscription ratio, rounded of to the nearest intiger.
Details of allotments made under this category are :
|1. Refund orders, wherever applicable, have ben dispatched on 20/09/2004.
2. The Beneficiary Account of allottees with NSDL/ CDSL have been credited on 20/09/2004.
3. SPL has submitted listing applications to the National Stock Exchange of India Limited (NSE) and the Stock Exchange, Mumbai (BSE) on 20/09/2004.
All future correspondence in respect the applications lodged by the investors should be addressed to the Registrars to the Issue quoting Full Name of the first applicant, Serial No. of the application form, No. of shares applied for and Name of the Bank branch where the application was lodged, at the following address :
Karvy Computershare Private Limited
|Place : Mumbai
For Sah Petroleums Limited
Date : September 21, 2004 Sd/- Aditya Sah Joint Managing Director