Basis of Allotment

Bartronics India Limited

Bartronics India Limited

(The company was incorporated on September 10, 1990 under the Companies Act, 1956 as Super Tronics Private Limited in Hyderabad. Converted into a Public Limited Company on July 27, 1995 and received fresh certificate of Incorporation consequent to change of name to Bartronics India Limited on January 1, 1996)

Registered Office: 5-9-22/B/404, My Home Sarovar, Secretariat Road, Hyderabad - 500 004 (At the time of incorporation the Registered Office of the company was situated at 7-1-27/1, C Block, Srinivasa Complex, Ameerpet, Hyderabad - 500 016 and in May 1996 It was shifted to Siddi Vinayak, 6-3-864/1 /1, First Floor, Ameerpet, Hyderabad -500 016 and in December 1997 it was shifted to H. No. 8-2-695/ B 7A, Empress Garden Colony, Road No. 12, Banjara Hills, Hyderabad - 500 034, in March 2000 shifted to Plot No. 227, HUDA Colony, Road No. 2, Banjara Hills, Hyderabad - 500 034 and in May 2001 it was shifted to 2nd Floor, Pavani Plaza, 6-3-698/A, Panjagutta, Hyderabad - 500 082, in July 2003 it was shitted to Plot No. 18. Nagarajuna Hills, Panjagutta, Hyderabad - 500 082, with effect from April 1, 2005 the Registered Office of the company is shifted to the present address). Tel.: 91 40 23298073/74, Fax: 91 40 23298076, e-mail: ipo@bartronicsindia.com, website: www.bartronicsindia.com. Compliance Officer: Mr. Arun Shourle

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 65,00,000 EQUITY SHARES OF RS. 10/- EACH ISSUED FOR CASH AT A PRICE OF RS. 75/(INCLUDING PREMIUM OF RS. 65/-) PER SHARE AGGREGATING RS. 4875.00 LACS (HEREINAFTER REFERRED TO AS "THE ISSUE") INCLUDING PROMOTERS RESERVATION OF 500000 EQUITY SHARES AND EMPLOYEE RESERVATION OF 6,00,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS.75/- AND THE NET ISSUE TO THE PUBLIC OF 54,00,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS. 75/AGGREGATING TO RS. 4050.00 LACS. THE ISSUE CONSTITUTES 37.07% OF THE FULLY DILUTED POST ISSUE PAIDUP CAPITAL OF THE COMPANY THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH AND THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE

The Issue made through the 100% book building process wherein upto 50% of the Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs). Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non- Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 157713 applications for 167867333 equity shares ( including reserved category for Employees ) resulting in 27.98 times subscription. The details of the valid applications received in the Issue from Retail, Non Institutional Investor, Qualified Institutional Investor and Employee categories are as under:

Category No. of Applications No. of Shares Subscription
(times)
Qualified Institutional Buyers 64 43400880 16.07
Non Institutional Investors 318 39548790 48.83
Retail Investors 151908 81106830 42.91
Employees 37 632070 1.05

Final Demand

A sample of the final demand at different bid prices is as under:

Bid Price No.of Shares % to Total Cumulative Total Cumulative % to total
63 76410 0.04 173611260 100.00
64 2610 0.00 173534850 99.96
65 766620 0.44 173532240 99.95
66 1170 0.00 172765620 99.51
67 2700 0.00 172764450 99.51
68 20790 0.01 172761750 99.51
69 57150 0.03 172740960 99.50
70 705600 0.41 172683810 99.47
71 16290 0.01 171978210 99.06
72 11250 0.01 171961920 99.05
73 3510 0.00 171950670 99.04
74 18000 0.01 171947160 99.04
75 90730440 52.26 171929160 99.03
9999 81198720 46.77 81198720 46.77

The Basis of  Allotment was finalized in consultation with The Bombay Stock Exchange Limited on January 4, 2006.

A. Allocation to Retail Investors

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price of Rs.75/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 42.91 times. The total number of shares allotted in this category is 1890000 Equity Shares. The category-wise details of the Basis of Allocation are as under :

Category

No. of
Applications

% to Total

Total No. of
Shares Applied

% to Total

Proportional
Allocation

Ratio

Total No. of
Shares Allotted

90

19401

12.77

1746090

2.15

40688

1:43

40680

180

18790

12.37

3382200

4.17

78814

2:43

78750

270

13088

8.62

3533760

4.36

82346

3:43

82260

360

10866

7.15

3911760

4.82

91154

4:43

91080

450

7697

5.07

3463650

4.27

80712

5:43

80640

540

6822

4.49

3683880

4.54

85844

7:50

85950

630

50323

33.13

31703490

39.09

738774

15:92

738810

720

1480

0.97

1065600

1.31

24831

11:59

24840

810

468

0.31

379080

0.47

8834

11:52

8910

900

1138

0.75

1024200

1.26

23867

18:77

23940

990

593

0.39

587070

0.72

13680

10:39

13680

1080

567

0.37

612360

0.76

14270

23:82

14310

1170

409

0.27

478530

0.59

11151

10:33

11160

1260

20266

13.34

25535160

31.48

595036

31 :95

594990

B. Allocation to Non Institutional Investors

The Basis of Allocation to the Non institutional investors, who have bid at cut-off or at and above the Issue Price of Rs.75/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 42.82 times. The total number of shares category is 810085 Equity Shares. The category-wise details of the Basis of Allocation are as under :

Category No. of
Applications
% to Total Total No. of
Shares Applied
% to Total Proportional
Allocation
Ratio Total No.of
Shares Allotted
1350 29 9.12 39150 0.10 802 8:29 720
1440 7 2.20 10080 0.03 206 2:7 180
1530 4 1.26 6120 0.02 125 1:4 90
1620 4 1.26 6480 0.02 133 1 :4 90
1800 4 1.26 7200 0.02 147 1 :4 90
1980 8 2.52 15840 0.04 324 3:8 270
2070 3 0.94 6210 0.02 127 1 :3 90
2160 2 0.63 4320 0.01 88 1:2 90
2520 7 2.20 17640 0.04 361 4:7 360
2700 7 2.20 18900 0.05 387 4:7 360

All the applicants other than the above categories have been given firm allotment on proportionate basis inverse to the oversubscription ratio

C. Allotment to QIBs

The total number of Equity Shares allotted QIBs is 64,31,250 Equity Shares as follows:

Category FIs/Banks MFs FIIs Insurance Companies VCs Total
No. of  Shares 749445 635819 1314740 Nil Nil 2700004

The Committee of Directors (IPO) of the Company at it's Meeting held at Hyderabad on January 5, 2006 has approved the basis of allocation. The Refund Orders has been dispatched on January 6, 2005 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 printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants has been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. Bartronics India Limited is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited for which Bartronics has made listing applications to Stock Exchanges on January 9, 2005 .

INVESTORS PLEASE NOTE
This details of the allocation made are being hosted on the website of Registrars to the issue, Bigshare Services Private Limited at www.bigshareonline.com.
All future correspondence in this regard may kindly be addressed to the Registrars 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 Syndicate and Place where the bid was submitted and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED
E-2, Ansa Industrial Estate, Saki Vihar Road,Sakinaka, Andheri ( E), Mumbai-400072;
Tel: 91 22 28470652; Fax: 91 22 28475207, e-mail: ipo@bigshareonline.com;
Website: www.biashareonline.com. Contact Person: Mr. Kumaresh



Place : Mumbai
Date : January 5, 2006

For Bartronics India Limited
Sd/-
Arun Shourie
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 BARTRONICS INDIA LIMITED.

Close