|Basis of Allotment|
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)
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 VALUEThe 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:
A sample of the final demand at different bid prices is as under:
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 :
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 :
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:
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
BIGSHARE SERVICES PRIVATE LIMITED