B.
L. KASHYAP AND SONS LIMITED
(Incorporated under the Companies Act, 1956 on May 8,1969 as B. L.
Kashyap and Sons Private Limited. On June 7,1995 the name of our Company was changed from
B. L, Kashyap and Sons Private Limited to B.L. Kashyap and Sons Limited. For details of
changes in the name of our Company, please see the section filled "History and
Certain Corporate Matters" beginning on page 76 of the Prospectus).
Registered Office: A-12, Kellash Colony, New Delh1110 048, India.
Corporate Office: A-21/B 1, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi
110044, India, Tel: +91114167 9800; Fax: +91114167 9815. Contact Person: Mr. Jitendra
Kumar; Tel: +91 11 4167 9800.
E-mail: ipo@blkashyap.com; Website: www.blkashyap.com
BASIS OF ALLOCATION
Public Issue of 2,750,000 Equity Shares of Rs. 10 each for cash at a price of
Rs.685 per Equity Share aggregating Rs. 1,883.75 million ("Issue"). There will
also be a Green Shoe Option of up to 250,000 Equity Shares to be lent by Mr. Vineet
Kashyap, one of our Promoters. The Green Shoe Option exercised is 170,000 Equity Shares
for cash at a price of Rs. 685 per Equity Share aggregating Rs. 116.45 million. The Issue
and the Green Shoe Option, partially exercised, aggregates 2,920,000 Equity Shares and
amounts to Rs. 2,000.20 million.
THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE OF Rs.685 PER
EQUITY SHARE IS 68.5 TIMES OF THE FACE VALUE.
The Issue being made through 100% Book Building Process wherein 50% of the Issue has
been allocated on a proportionate basis to Qualified Institutional Buyers, (including 5%
of the QIB portion that was to specifically be allotted to mutual funds) Further, 15% of
the issue has been made available forallocation on a proportionate basis to
Non-Institutional Bidders and 35% of the issue has been made available for allocation on a
proportionate basis to Retail Individual Bidders, subject to valid Bids being received at
or above the Issue Price.
The Issue received 81397 applications for 41736860 equity shares resulting in 14.29
times subscription. The details of the applications received (Before Technical Rejections)
in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual
Bidders are as under..
Category |
No. of Applications |
No. of Shares |
Subscription |
Qualified Institutional Bidders |
92 |
33875140 |
23.20 |
Non Institutional Bidders |
341 |
3066780 |
7.00 |
Retail Individual Bidders |
80964 |
4794940 |
4.69 |
Final Demand
A sample of the final demand at different bid prices is asunder:
Bid Price |
No. of Shares |
% to Total |
Cumulative
Total |
Cumulative %
to Total |
625 |
93010 |
0.2191 |
42454650 |
100.0000 |
650 |
96150 |
0.2265 |
42359500 |
99,7759 |
660 |
1570 |
0.0037 |
42257280 |
99.5351 |
666 |
55560 |
0.1309 |
42254190 |
99.5278 |
670 |
6140 |
0.0145 |
42198630 |
99.3970 |
675 |
16340 |
0.0385 |
42192490 |
99.3825 |
676 |
4360 |
0,0103 |
42176150 |
99,3440 |
680 |
103480 |
0.2437 |
42171750 |
99.3336 |
685 |
30 |
0.0001 |
42068240 |
99.0898 |
690 |
25490 |
0.0600 |
42068210 |
99.0898 |
700 |
37804580 |
87.8692 |
42042630 |
99.0295 |
9999 |
4738050 |
11.1603 |
4738050 |
11.1603 |
The Basis of Allotment was finalized In consultation with Bombay Stock Exchange Limited
("BSE") on March 8, 2006.
A) Allocation to Retail Individual Bidders:
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at
and above the Issue Price of Rs.685/-per Equity Share, was finalized In consultation with
BSE. The category was over subscribed 4.63166 times. The total number of shares allotted
In this category is 1022004 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 No. of Shares
Total allocated |
Ratio |
Total No. of
Shares allocated |
10 |
12370 |
15.48 |
123700 |
2.61 |
10 |
23:100 |
28460 |
20 |
9312 |
11.65 |
186240 |
3.93 |
10 |
11:25 |
40980 |
30 |
7258 |
9.08 |
217740 |
4.60 |
10 |
33:50 |
47910 |
40 |
4299 |
5.38 |
171960 |
3.63 |
10 |
22:25 |
37840 |
50 |
4969 |
6.22 |
248450 |
5.25 |
11 |
FIRM |
54659 |
60 |
2827 |
3.54 |
169620 |
3.58 |
13 |
FIRM |
36751 |
70 |
24507 |
30.67 |
1715490 |
3624 |
15 |
FIRM |
367605 |
80 |
761 |
0.95 |
60880 |
1.29 |
17 |
FIRM |
12937 |
90 |
248 |
0.31 |
22320 |
0.47 |
19 |
FIRM |
4712 |
100 |
957 |
1.20 |
95700 |
2.02 |
22 |
FIRM |
21054 |
110 |
250 |
0.31 |
27500 |
0.58 |
24 |
FIRM |
6000 |
120 |
240 |
0.30 |
28800 |
0.61 |
26 |
FIRM |
6240 |
130 |
252 |
0.32 |
32760 |
0.69 |
28 |
FIRM |
7056 |
140 |
11660 |
14.59 |
1632400 |
34.49 |
30 |
FIRM |
349800 |
B) Allocation to Non Institutional Bidders:
The Basis of Allocation to the Non institutional Bidders, who have bid at and
above the Issue Price of Rs.685/- per Equity Share,was finalized in consultation with BSE.
The category was subscribed 6.98260 times. The total number of shares allotted in
thiscategory is 437996 Equity Shares. A sample of category-wise details of the Basis of
Allocation are as under:
Category |
No. of
Applications |
% to
Total |
Total no. of
Shares applied |
% to
Total |
No. of Shares
allocated |
Ratio |
Total No. of
Shares allocated |
150 |
31 |
9.66 |
4650 |
0.15 |
21 |
FIRM |
651 |
500 |
8 |
2.49 |
4000 |
0.13 |
72 |
FIRM |
576 |
1500 |
9 |
2.80 |
13500 |
0.44 |
215 |
FIRM |
1935 |
3000 |
5 |
1.56 |
15000 |
0.49 |
430 |
FIRM |
2150 |
5000 |
4 |
1.25 |
20000 |
0.65 |
716 |
FIRM |
2864 |
10000 |
2 |
0.62 |
20000 |
0.65 |
1432 |
FIRM |
2864 |
15000 |
6 |
1.87 |
90000 |
2.94 |
2148 |
FIRM |
12888 |
50000 |
1 |
0.31 |
50000 |
1.63 |
7161 |
FIRM |
7161 |
114280 |
1 |
0.31 |
114280 |
3.74 |
16366 |
FIRM |
16366 |
144000 |
1 |
0.31 |
144000 |
4.71 |
20623 |
FIRM |
20623 |
214290 |
1 |
0.31 |
214290 |
7.01 |
30687 |
FIRM |
30687 |
357200 |
1 |
0.31 |
357200 |
11.68 |
51153 |
FIRM |
51153 |
714280 |
1 |
0.31 |
714280 |
23.35 |
102290 |
FIRM |
102290 |
C) Allocation to Qualified Institutional Bidders (QIBS):
Allocation to QlBs have been done on a proportionate basis in consultation with the
Bombay Stock Exchange Limited. As perthe SEBI guidelines, Mutual Funds were initially
allotted 5% of the quantum of shares available (73,000) and other QIBs andunsatisfied
demands of Mutual Funds were allotted the remaining available shares (1,387,000) on
proportionate basis. Thesectoral cap and other limits applicable to the holding of shares
in company have been taken into account while allotting shares.Mutual Funds were allotted
34.78 % for QIB segment and other QIB applicants were allotted 65.22% of the shares forQIB
segment.
Category |
Financial
Institutions/Banks |
Mutual
Funds |
Foreign
Institutional Investors |
TotaI |
No. of Shares |
34457 |
507848 |
917695 |
1460000 |
The Board of Directors for IPO of the company at its Meeting held at Plot no. 124-126,
DLF Industrial Estate, Faridabad, Haryanaon March 8, 2006 has approved the basis of
allocation of shares of the Issue and has allotted the shares to various successful
applicants.
The Refund Orders will be dispatched to the address of the investors as registered with
the depositories. In case the same isnot received within ten 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 shares allocated to successful
applicants are beingcredited 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 would be hosted on the website of
Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:
INTIME SPECTRUM REGISTRY LIMITED, C-13, Pannalal Silk Mills Compound, LBS Road,
Bhandup (W),
Mumbal 400078, India. Tel: +9122 25960320, Fax: +9122 25960329
Date : March 9, 2006
Place: Delhi
|
For B. L. KASHYAP AND SONS LIMITED
On behalf of the Board of Directors
Sd/
Vineet Kashyap
Managing Director |
PLEASE NOTE: THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICTIVE OF
THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF THE COMPANY. |