|Basis of Allotment|
TECHNOCRAFT INDUSTRIES (INDIA) LIMITED
(Incorporated on October 22nd, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956, Subsequently the company was re-registered to a public limited company and received a certificate for re-registration on October 28th, 1992.)
Registered Office and Corporate Office: M.I.D.C Street
No.3, Marol Industries Area A-25, Road No.3, Andheri (E) Mumbai 400 093. On June 5th
2000, the registered office of the Company was shifted from 135-A, Mittal Court, Nariman
Point, Mumbai 400 021 to Technocraft Industries (India)Limited, M.I.D.C Street No.3,
Marol Industries Area A-25, Road No.3, Andheri (E) Mumbai 400 093. Tel:
+91-22-40982222; Fax: +91-22-28356559
BASIS OF ALLOCATION
PUBLIC ISSUE OF 83,20,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT AN ISSUE PRICE OF RS.105 PER EQUITY SHARE AGGREGATING TO RS. 8736.00 LACS(HEREINAFTER REFERRED TO AS THE ISSUE). THE ISSUE COMPRISES 4,20,000 EQUITY SHARES OF RS. 10/- EACH AGGREGATING TO RS. 441.00 LACS RESERVED FOR EMPLOYEES OF THE COMPANY AND NET ISSUE TO PUBLIC OF 79,00,0000 EQUITY SHARES OF RS. 10/- EACH AGGREGATING TO RS. 8295.00 LACS. THE NET ISSUE WOULD CONSTITUTE 25.06% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 10.5 TIMES OF THE FACE VALUE.
The issue was 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 Insititutional Buyers(QIBs), out of which 5% of the QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers(QIBs) out of which 5% of the QIB portion shall be available for allocation on a proportionate baisi of Qualified Institutional Buyer, including Mutual Funds, subject to valid bids being received or above Institutional Bidders atleast 35% of the Net Issue to the public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being receiver at or above the Issue Price.
The Board of Directors of Technocraft Industries (India) Limited wish to thank the investing public for their responses to the issue which opened for subscription on January 23, 2007. The Issue has received 54,982 applications for 8,75,03,218 Equity Shares, resulting in 10.52 times subscription. The details of the subscription received in the Issue from QIBs, Non-Institutional, Retail Categories and Employees are as under.
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange The Bombay Stock Exchange Limited ("BSE") February 05, 2007.
A) ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
B) ALLOCATION TO NON-INSTITUTIONAL BIDDERS
C) ALLOCATION TO QUALIFIED INSTITUTIONAL BIDDERS
D) ALLOCATION TO ELIGIBLE EMPLOYEES
All the bidders in the Employees category, who have bid at cut-off or at the Issue Price of rs.105/- per Equity Shares, have been considered while preparing the basis of allotment. The category was subscribed 0.84 times. The total number of shares allotted in this category is 353470 Equity Shares.
The Board of Directors of the Issue of the Company vide resolution dated February 05, 2007, has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants.
The Confirmation of Allocation Note("CAN") and Refund Orders in respect of refunds due to applicants have been dispatched to the address of the Investors as registered with the depositories. In case the same is not received with in (10) 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 Equity Shares allotted to successful applicants are being credited to their respective 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 National Stock Exchange of India Limited("NSE") and The Bombay Stock Exchange Limited ("BSE") within seven (7) working days from the date approval of Basis of Allocation.
INVESTORS PLEASE NOTE
These details of allocation made would be hosted on the website of the Registrator to the Issue, Datamatics Financial Services Limited at www.dfssl.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Datamatics Financial Services Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid cum Application Form, Number of Equity Shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below.
Datamatics Financial Services Limited
This communication is intended for release solely in India. This communication is not
an offer of securities for sale in any other jurisdiction, including the United States.
The Securities may not be offered or sold in the United States absent registration or an
exemption from registration under the US Securities Act of 1933.
|Place : Mumbai
Date : February 07, 2007
For TECHNOCRAFT INDUSTRIES (INDIA) LIMITED
|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 TECHNOCRAFT INDUSTRIES (INDIA) LIMITED.|