|Basis of Allotment|
Rohit Ferro-Tech Limited
(Incorporated in India on April 07, 2000 as Rohit Ferro-Tech Private Limited under the Companies Act,1956 with Registration No. 21-91629 with Registrar of Companies, West Bengal. The Company subsequently became a public Company under the name of Rohit Ferro-Tech Limited with effect from 24th June 2004)
Registered Office: 35, Chittaranjan Avenue, 4th Floor,
Kolkata 700 012 Tel.: +9133 22119805/9806/8607,Fax: +91 33 22256143 /22119834 E-mail :firstname.lastname@example.org Website: www.rohitferrotech.com
ISSUE OF 1,69,47,667 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PREMIUM OF RS. 20/- PER EQUITY SHARE AGGREGATING RS.5084.30 LACS OUT OF WHICH NET OFFER TO THE PUBLIC OF 1,03,38,860 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PREMIUM OF RS. 20/- PER EQUITY SHARE AGGREGATING RS. 3101.66 LACS.
THE ISSUE PRICE OF RS. 30/- PER SHARE IS 3 (THREE) TIMES THE FACE VALUE
BASIS OF ALLOTMENT
The Issue was made through the fixed price route where a minimum of 50% of the Net Offer to Public shall initially be made available for allotment to retail individual investors and the balance net offer of Equity Shares to the public shall be made available for allotment to Individual applicants other than retail individual investors and other investors Including corporate bodies/ Institutions Irrespective of the number of shares applied for. Since the Issue was made in terms of douse 2.2.2 (a) (ii) & (b) (i) of SEBI (DIP) Guidelines, 2000, at least 10% of the Issue size shall be allotted to QIBs, failing which the full subscription monies shall be refunded.
The Board of Directors of the Company thanks ail the investors and the intermediaries for the success of the Public Issue.
The issue received 6319 applications for 1,77,43,100 Equity Shares resulting in 1.72 times subscription (before technical rejections).
A total of 93 applications for 1,09,900 Equity Shares have been rejected on technical and multiplicity grounds while 7 applications for 20,000 shares were withdrawn.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange
Limited (BSE) on 4th April 2006.
A: Applications under Retail Category (Applicants upto 3200 shares)
B: Applications under Non-Retail Category Including QIBs.
Individuals applying for more than 3200 shares and ail corporates.
A total of 45 valid applications were received from non-retail s category for 26,46,800 Equity Shares resulting in 0.64 times subscription.. Firm allotments have been made against all applications and the total number of shares allotted in this category was 14,48,496. A total of 6 valid applications were received from QIBs for 67,99,200 Equity Shares resulting in 6.56 times subscription. Firm allotments have been made against all applications and the total number of shares allotted in this category was 37,20,938.
The Board of Directors of the Company at its meeting held at Kolkata on 5th April 2006 has approved the basis of allotment and has allotted the shares to the successful applicants.
The refund orders and allotment advice and the notice have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The refund orders have been overprinted 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 admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of the approval of the basis of allotment.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Maheshwari Datametics Pvt. Ltd at email@example.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting Full Name of the first applicant, Serial No. of the Application Form, No. of Shares applied for and the Name of the Bank Branch where the application has been lodged and payment details at the following address:
MAHESHWARI DATAMATICS PVT. LTD
|Date: April 08 2006
For Rohit Ferro-Tech Limited
|THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ROHIT FERRO-TECH LIMITED|