Gallantt Metal Limited
Incorporated in India on February 07, 2005, under the Companies Act,
1956 with Registration No. 21-101553 with the Registrar of Companies, West Bengal.
Registered Office: "Centre Point", 21, Hemant
Basu Sarani, 3rd Floor, Room No. 306, Kolkata - 700 001, India. Tel. : (033) 30288500-06
Fax : (033) 3028 8499, E-mail : gml@gallantt.com, Website : www.gallantt.com
Contact Person: Mr. Rajesh Upadhyaya
Works Office : Near Toll Gate, Village: Samakhyali, Taluka : Bachau,
District: Kutch, Gujarat
Telefax : 91-2837-283690!267307
BASIS OF ALLOTMENT
Public Issue of 37,120,000 Equity Share of Re.10/- each for cash
at per aggregating Rs. 3,712 Lacs (hereinafter referred to as the "Issue")
comprising of 6,000,000 Equity Shares of Promoters and Promoter Group Contribution,
1,556,000 Equity Shares reserved for Permanent Employees of the Company and Net Offer to
the Public of 29,564,000 Equity Shares of Rs.10/- each of which 29,56,400 Equity Shares
being 10% of the Net Offer to the public to be compulsorily allotted to CABs. The Net
Offer to the Public would constitute 38.74% of the fully diluted post issue paid up
capital of the Company.
The Face Value of the Equity Shares is Rs. 10/- each and the
Issue Price is 1 time of the Face Value.
The Project has a participation of Rs.11,450/- Lacs as Term Loans from Consortium of
Banks.
The Board of Directors of GALLANTT METAL LIMITED wish to thank the investing public,
for their response to the Issue which opened for subscription on Monday, March 6, 2006 and
closed on Friday, March 10, 2006. The Issue has received 14253 applications for
7,45,91,600 Equity Shares resulting in 2.397 times subscription. The details of the
Applications received in the Issue (before technical rejections) are as
under.
Category |
No. of Applications |
No. of Shares |
Subscription |
Employee Category |
28 |
1562000 |
1.004 |
Qualified Institutional Investors |
5 |
4980000 |
1.684 |
Non-Retail Category |
71 |
32823500 |
2.776 |
Retail Category |
14149 |
35226100 |
2.383 |
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange
- Bombay Stock Exchange Limited, ("BSE") on Friday, March 24, 2006.
A) ALLOTMENT TO EMPLOYEES
The Basis of Allotment to the Employees category, who have applied at Rs. 10/- per
Equity Share, was finalised in consultation with BSE. The category was subscribed 1.004
times. Firm allotments have been made against all applications. The total number of shares
allotted in this category is 1556000 Equity Shares. The category-wise details of the Basis
of Allotment (sample) are as under:
Category |
No. of Applications |
% to Total |
Total No. of Shares applied |
% to Total |
No. of Shares allotted per allottee |
Ratio |
Total No. of Shares allotted |
4000 |
1 |
3.570 |
4000 |
0.260 |
3985 |
FIRM |
3985 |
5000 |
3 |
10.710 |
15000 |
0.960 |
4981 |
FIRM |
14943 |
25000 |
1 |
3.570 |
25000 |
1.600 |
24904 |
FIRM |
24904 |
40000 |
2 |
7.140 |
80000 |
5.120 |
39846 |
FIRM |
79692 |
51000 |
2 |
7.140 |
102000 |
6.530 |
50804 |
FIRM |
101608 |
51500 |
1 |
3.570 |
51500 |
3.300 |
51302 |
FIRM |
51302 |
52000 |
2 |
7.140 |
104000 |
6.660 |
51800 |
FIRM |
103600 |
52500 |
1 |
3.570 |
52500 |
3.360 |
52298 |
FIRM |
52298 |
53000 |
1 |
3.570 |
53000 |
3.390 |
52796 |
FIRM |
52796 |
60000 |
2 |
7.140 |
120000 |
7.680 |
59769 |
FIRM |
119538 |
70000 |
2 |
7.140 |
140000 |
8.960 |
69731 |
FIRM |
139462 |
75000 |
5 |
17.860 |
375000 |
24.010 |
74712 |
FIRM |
373560 |
80000 |
1 |
3.570 |
80000 |
5.120 |
79692 |
FIRM |
79692 |
85000 |
2 |
7.140 |
170000 |
10.880 |
84673 |
FIRM |
169346 |
90000 |
1 |
3.570 |
90000 |
5.760 |
89654 |
FIRM |
89654 |
100000 |
1 |
3.570 |
100000 |
6.400 |
99620 |
FIRM |
99620 |
B) ALLOTMENT TO QUALIFIED INSTITUTIONAL INVESTORS (Minimum 10%)*
The Basis, of Allotment to the Qualified Institutional Investors, who have applied at the
Issue price of
Rs. 10/- per Equity Share, was finalised in consultation with BSE. The category was
subscribed 1.684
times. The total number of shares allotted In this category is 2956402 Equity Shares. The
category-wise
details of the Basis of Allotment (sample) are as under
Category |
No. of Applications |
% to Total |
Total No. of Shares applied |
% to Total |
No. of Shares allotted per allottee |
Ratio |
Total No. of Shares allotted |
130000 |
1 |
20.000 |
130000 |
2.610 |
77175 |
FIRM |
77175 |
250000 |
1 |
20.000 |
250000 |
5.020 |
148414 |
FIRM |
148414 |
600000 |
1 |
20.000 |
600000. |
12.050 |
356193 |
FIRM |
356193 |
1000000 |
1 |
20.000 |
1000000 |
20.080 |
593655 |
FIRM |
593655 |
3000000 |
1 |
20.000 |
3000000 |
60.240 |
1780965 |
FIRM |
1780965 |
*Balance added to Non-Retail Category
C) ALLOTMENT TO NON-RETAIL CATEGORY
The Basis of Allotment to the Non-Retail Investors, who have applied at the issue price
of Rs. 10/- per Equity Share, was finalised in consultation with BSE. The category was
subscribed 2.939 times. The - total number of shares allotted in this category is 11825617
Equity Shares. The category-wise details of the Basis of Allotment (sample) are as under:
Category |
No. of Applications |
% to Total |
Total No. of Shares applied |
% to Total |
No. of Shares allotted per allottee |
Ratio |
Total No. of Shares allotted |
10500 |
4 |
6.250 |
42000 |
0.120 |
3573 |
FIRM |
14292 |
12000 |
1 |
1.560 |
12000 |
0.030 |
4083 |
FIRM |
4083 |
13000 |
1 |
1.560 |
13000 |
0.040 |
4423 |
FIRM |
4423 |
14000 |
1 |
1.560 |
14000 |
0.040 |
4764 |
FIRM |
4764 |
15000 |
1 |
1.560 |
15000 |
0.040 |
5104 |
FIRM |
5104 |
16000 |
1 |
1.560 |
16000 |
0.050 |
5444 |
FIRM |
5444 |
20000 |
1 |
1.560 |
20000 |
0.060 |
6805 |
FIRM |
6805 |
40000 |
1 |
1.560 |
40000 |
0.120 |
13610 |
FIRM |
13610 |
50000 |
3 |
4.690 |
150000 |
0.430 |
17013 |
FIRM |
51039 |
62825 |
1 |
1.560 |
52825 |
0.150 |
17974 |
FIRM |
17974 |
60000 |
2 |
3.130 |
120000 |
0.350 |
20415 |
FIRM |
40830 |
80000 |
1 |
1.560 |
80000 |
0.230 |
27220 |
FIRM |
27220 |
100000 |
2 |
3.130 |
200000 |
0.580 |
34025 |
FIRM |
68050 |
101586 |
1 |
1.560 |
101586 |
0.290 |
34565 |
FIRM |
34565 |
140000 |
1 |
1.560 |
140000 |
0.400 |
47635 |
FIRM |
47635 |
150000 |
2 |
3.130 |
300000 |
0.860 |
51038 |
FIRM |
102076 |
200000 |
1 |
1.560 |
200000 |
0.580 |
68050 |
FIRM |
68050 |
243807 |
1 |
1.560 |
243807 |
0.700 |
82955 |
FIRM |
82955 |
250000 |
8 |
12.500 |
2000000 |
5.750 |
85063 |
FIRM |
680504 |
300000 |
2 |
3.130 |
600000 |
1.730 |
102075 |
FIRM |
204150 |
400000 |
1 |
1.560 |
400000 |
1.150 |
136100 |
FIRM |
136100 |
406345 |
1 |
1.560 |
406345 |
1,170 |
138259 |
FIRM |
138259 |
500000 |
11 |
17.190 |
5500000 |
15.820 |
170125 |
FIRM |
1871375 |
520000 |
1 |
1.580 |
520000 |
1.500 |
176930 |
FIRM |
176930 |
750000 |
2 |
3.130 |
1500000 |
4.320 |
255188 |
FIRM |
510376 |
1000000 |
4 |
6.250 |
4000000 |
11.510 |
340251 |
FIRM |
1361004 |
1100000 |
1 |
1.560 |
1100000 |
3.160 |
374276 |
FIRM |
374276 |
1219035 |
1 |
1.580 |
1219035 |
3.510 |
414777 |
FIRM |
414777 |
2000000 |
3 |
4.690 |
6000000 |
17.260 |
680501 |
FIRM |
2041503 |
2500000 |
1 |
1.560 |
2500000 |
7.190 |
850627 |
FIRM |
850627 |
3500000 |
1 |
1.580 |
3500000 |
10.070 |
1190877 |
FIRM |
1190877 |
3750000 |
1 |
1.560 |
3750000 |
10.790 |
1275940 |
FIRM |
1275940 |
D) ALLOTMENT TO RETAIL INDIVIDUAL INVESTORS
The Basis of Allotment to the Retail Individual Investors, who have applied at the
issue price of Rs. 10/- per Equity Share, was finalised in consultation with BSE. The
category was subscribed 2.280 times, The total number of shares allotted in this category
is 14784305 Equity Shares. The category-wise details of the Basis of Allotment (sample)
are as under
Category |
No. of
Applications |
% to
Total |
Total No.
of Shares
applied |
% to
Total |
No. of Shares
allotted per
allottee |
Ratio |
Total No.
of Shares
allotted |
500 |
3750 |
27.830 |
1875000 |
5.560 |
500 |
19:43 |
828000 |
1000 |
3204 |
23.770 |
3204000 |
9.510 |
500 |
7:8 |
1401500 |
1500 |
679 |
5.040 |
1018500 |
3.020 |
658 |
FIRM |
446782 |
2000 |
1311 |
9.730 |
2622000 |
7.780 |
877 |
FIRM |
1149747 |
2500 |
471 |
3.490 |
1177500 |
3.490 |
1097 |
FIRM |
516687 |
3000 |
747 |
5.540 |
2241000 |
6.650 |
1316 |
FIRM |
983052 |
3500 |
88 |
0.650 |
308000 |
0.910 |
1535 |
FIRM |
135080 |
4000 |
233 |
1.730 |
932000 |
2.770 |
1754 |
FIRM |
408682 |
4500 |
1403 |
10.410 |
6313500 |
18.730 |
1974 |
FIRM |
2769522 |
5000 |
306 |
2.270 |
1530000 |
4.540 |
2193 |
FIRM |
671058 |
5500 |
17 |
0.130 |
93500 |
0.280 |
2412 |
FIRM |
41004 |
6000 |
15 |
0.110 |
90000 |
0.270 |
2632 |
FIRM |
39480 |
6500 |
1 |
0.010 |
6500 |
0.020 |
2851 |
FIRM |
2851 |
7000 |
21 |
0.160 |
147000 |
0.440 |
3070 |
FIRM |
84470 |
7500 |
17 |
0.130 |
127500 |
0.380 |
3290 |
FIRM |
55930 |
8000 |
20 |
0.150 |
160000 |
0.470 |
3509 |
FIRM |
70180 |
8500 |
4 |
0.030 |
34000 |
0.100 |
3728 |
FIRM |
14912 |
9000 |
27 |
0.200 |
243000 |
0.720 |
3947 |
FIRM |
106569 |
9500 |
101 |
0.750 |
959500 |
2.850 |
4167 |
FIRM |
420867 |
10000 |
1062 |
7.880 |
10620000 |
31.510 |
4386 |
FIRM |
4657932 |
The Committee of Directors of the company at its meeting held at Kolkata at 10:30 AM on
March 25, 2006 has approved the Basis of Allotment of shares of the Issue and has allotted
the shares to various successful applicants.
The Refund Orders and Allotment Advice and notice 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
overprinted with the Bank Mandate details as registered, If any, with the depositories.
The shares allotted to successful applicants are being 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 ofAllotment.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the
Registrar to the Issue, Niche Technologies Pvt Ltd. at www.nichetechpl.com
All future correspondence in this regard may kindly be addressed to the Registrar to
the Issue quoting full name of the First / Sole applicants, serial number of the
Application Form, number of shares applied for and Bank Branch where the application had
been lodged and payment details at the address of the Registrar given below
Lead Manager to the Issue
Anand Rathl Securities Private Limited
54-55 Mittal Court 'B' Nariman Point Mumbal - 400 021
Tel. :+91-22-22871388 Fax: +91-22-22835131
Contact Person : Mr. Sunny Agrawal
E-mall : gallantt@rathi.com Website : www.rathi.com |
Niche Technologies Pvt. Ltd.
D-511, Bagree Market, 71, B.R.B. Beau Road, Kolkata - 700 001
Tel.: +91-33-22357270/7271 Fax: +91-33-22156823
Contact Person : Mr. S. Abbas
E-mail : gml@nichetechpl.com
Website : www.nichtechpl.com |
|