| SUNIL
HITECH ENGINEERS LIMITED
(The company was Incorporated on 29th May, 1998 as Private Limited company. The company
was converted to Public Limited Company under section 31 and 44 of the companies Act 1956
vide certificate of incorporation dated 18th August, 2005)
(The Registered Office was earlier located at 13 Satya Sail Apartment, Near Somalwar High
School, Pratapnagar Road, Khamla Road, Nagpur - 440025 and was shifted to Ratnadeep,
Jainagar, PO.Parli-Vaijnath-431520 w.e.f. 22nd August, 2000)Tel.: +91-2446-222 868, Fax:
+91-2446-222 544 Website: www.sunilhitech.com
Contact Person: Mr. Tarun Kumar Singh - Compliance officer
PUBLIC ISSUE OF 34,75,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PREMIUM
OF
RS. 90/-( ISSUE PRICE Rs 100/-) PER SHARE AGGREGATING RS. 3475.00 LACS (HEREINAFTER
REFERRED TO AS 'THE ISSUE"). THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH AND THE
ISSUE PRICE IS 10 TIMES OF THE FACE VALUE.
BASIS OF ALLOTMENT
The Board of Directors thanks the investing public for their overwhelming response to
the company's maiden Public Issue which opened for subscription on January 30, 2006 and
closed on February 03, 2006. The company has received 53045 applications for 30109755
equity shares resulting in 8.69 times. The basis of allotment was finalized in
consultation with Bombay Stock Exchange Limited on 24-02-2006 and 3475160 equity shares
excess by 160 equity shares has been allotted due to rounding off by the Board at its
meetng held on Saturday 25, 2006 as mentioned below. The details of the valid applications
received in the Issue from Retail and Non Institutional Investor categories are as under:
| Category |
No. of valid Applns |
% of Applns |
No. of Allottees |
% to total valid Applns. |
No. of Shares |
No of Shares offered |
Sub.(times) |
| Retail Investors |
51959 |
99.67 |
30553 |
58.61 |
17470250 |
2044350 |
8.55 |
| Non institutional Investors |
172 |
0.33 |
172 |
0.93 |
12298150 |
1420650 |
8.66 |
The Company has made firm allotment of 10,000 equity shares to the lead Manager to the
issue as per the prospectus dated 16th January,2006.
A. Allocation to Retail Investors
The Basis of Allocation to the Retail Investors was finalized in consultation with BSE.
The category was over-subscribed 8.55 times. The total number of shares allotted in this
category is 2044510 Equity Shares (59 % of total shares has been allotted to this
category). The category-wise details of the Basis of Allocation are as under:
| Category |
No.of
Applns. |
% to Total |
Total No.of
Shares Applied |
% to Total |
Proportional
Allocation |
Ratio of
Alotment |
Total No. of shares
allocated |
| 50 |
9225 |
17.75 |
461250 |
2.64 |
53975 |
11:94 |
54000 |
| 100 |
8095 |
15.58 |
809500 |
4.63 |
94727 |
11:47 |
94750 |
| 150 |
3828 |
7.37 |
574200 |
3.29 |
67192 |
13:37 |
67250 |
| 200 |
4073 |
7.84 |
814600 |
4.66 |
95324 |
15:32 |
95450 |
| 250 |
3886 |
7.48 |
971500 |
5.56 |
113684 |
17:29 |
113900 |
| 300 |
1699 |
3.27 |
509700 |
2.92 |
59645 |
26:37 |
59700 |
| 350 |
730 |
1.40 |
255500 |
1.46 |
29898 |
32:39 |
29950 |
| 400 |
1494 |
2.88 |
597600 |
3.42 |
69931 |
59:63 |
69950 |
| 450 |
9369 |
18.03 |
4216050 |
24.13 |
493358 |
99:100 |
493377 |
| 500 |
1832 |
3.53 |
916000 |
5.24 |
107189 |
99:100 |
107203 |
All the applicants from 550 shares category onwards have been given firm allotment on
proportionate basis inverse to the over-subscription ratio.
B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non Institutional Investors was finalized in consultation
with BSE. The category was subscribed 8.66 times. The total number of shares allotted in
this category is 1420650 Equity Shares (41 % of total shares has been allotted to this
category).
All the applicants in this category have been given firm allotment on
proportionate basis inverse to the over-subscription ratio.
Dates of dispatch of Refund Orders,
Credit to beneficiary Accounts and Listing Mails |
| Activity |
Date of Completion |
| Approval of Basis of Allotment by BSE |
24-02-2006 |
| Filing Listing Application to BSE |
27-02-2006 |
| Despatch of Allotment Advices and Refund Orders |
28-02-2006 |
| Electronic Credit to Beneficiary A/c with CDSL and N$DL |
28-02-2006 |
The Refund Orders has 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 printed with the Bank
Mandate details as registered, it any, with the depositories. The shares allocated to
successful applicants are 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 approval of the basis
of allocation.
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 application
form, number of shares applied for 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: +91-22-28470652/0653;Fax: +91-22-28475207 e-mail:
ipo@bigshareonline.com; Website: www.bigshareonline.com
Place : Nagpur
Date : March 2, 2006 |
For Sunil Hitech Engineers Limited
Sd/-
Ratnakar M Gutte
Chairman & Managing Director |
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 SUNIL HITECH
ENGINEERS LIMITED |