Adhunik Metaliks Limited
(Incorporated on August 21,1986 underthe Companies Act, 1956 as Neepaz
Metaliks Private Limited. The name of the company subsequently changed as Adhunik Metaliks
Limited w.e.f., 9th August, 2005)
Registered Office: 14,N S Road, 2th floor, Kolkata700001. Tel:+91-3322434355,
Fax+91-33-22434355 Website: www.adhunikgroup.com,Emal: info@adhunikgroup.com`
BASIS OF ALLOCATION
PUBLIC ISSUE OF 27,027,027 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF
RS. 37/- PER EQUITY SHARE AGGREGATING TO RS- 10000 LACS(REFERREDTOAS THE ISSUE''), OF
WHICH 1,351,351 EQUITY SHARES RESERVED FOR SUBSCRIPTION BY PERMANENT EMPLOYEES OF THE
COMPANY. THE ISSUE WOULD CONSTITUTE 29.62% OF THE ''FULLY DILUTED POST ISSUE CAPITAL OF
THE COMPANY
THE FACE VALUE EQUITY SHARE IS RS.10/-EACH FOR CASH AT A PRICE OF
RS.37/- EACH AND THE ISSUE PRICE IS 3.7 TIMES OF THE FACE VALUE.
The Issue made through the100% Book Bull Process where at least 50% of the net issue to
the puaic was to be allocated on aproportbnate basis to Qualified InstitutionaI Buyers
("QIBs") (including5% of the QIB portion that was to specifically blotted to
mutual funds)., Further, up to 15% of the net issue to the public shall be avail" for
allocation on a proportionate basis to Non-Institutional Biddersand up to 35% of the net
issue to the public 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 16077 applications for 91556579 equity shares resulting in 3.38 times
subscription. The details of the applications received in the Issuetrom Qualified
institutional Buyers, Non-Institutional, Retail Individual Investors and Employees
categories are as under (Before technical rejections):
Category |
No. of Applications |
No. of Shares |
Subscription |
Retail Bidders |
15904 |
12474979 |
1.38 |
Non Institutional Bidders |
69 |
6863550 |
1.78 |
Qualified Institutional Bidders |
21 |
70988100 |
5.49 |
Employees |
83 |
12299.50 |
0.91 |
Final Demand
The final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
37 |
1385850 |
1.40 |
98843700 |
100.00 |
38 |
18900 |
0.02 |
97457850 |
98.60 |
39 |
10200 |
0.01 |
97438950 |
98.58 |
40 |
32852550 |
33.24 |
97428750 |
96.57 |
41 |
12750 |
0.01 |
64576200 |
65.33 |
42 & Cut Off |
64563450 |
65.32 |
64563450 |
65.32 |
|
98843700 |
100.00 |
|
|
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on 29"' March, 2006.
A. Employees
The Basis otAllocation to the Employees category, who havebid at cuf-off or at
and above the Issue Price of Rs.37/- per Equity Share, was finalized in consultation with
BSE. The category was subscribed to the extent of 0.87 times. Hence, full and firm
allotments have been made against all applications. The total number of shares allotted h
this category is 1180500 Equity Shares. The unsubscribed portion of 170851 equity shares
has been added to Qualified Institutional Buyers, Retail Individual Investors and
Non-institutional categories in the ration of 50:15:35.
B. 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. 37/-par Equity Share, was finalized in consultation with BSE. The
category was over subscribed 1.34 times. The total number of shares allotted in this cat
ory is 9046284 Equity Shares- 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 |
No. of Shares allocated |
Ratio |
Total No. of
Shares allocated |
150 |
3448 |
22.36 |
517200 |
4.26 |
150 |
26:35 |
384150 |
450 |
1469 |
9.53 |
661050 |
5.45 |
335 |
FIRM |
492115 |
ADDITIONAL |
1 |
2:15 |
196 |
1200 |
193 |
1.25 |
231600 |
1.91 |
894 |
FIRM |
172542 |
1500 |
111 |
0.72 |
166500 |
1.37 |
1118 |
FIRM |
124098 |
1950 |
25 |
0.16 |
48750 |
0.40 |
1453 |
FIRM |
36325 |
2100 |
46 |
0-30 |
96600 |
0.80 |
1565 |
FIRM |
71990 |
2400 |
2 |
0.01 |
4800 |
0.04 |
1789 |
FIRM |
3576 |
2700 |
30 |
0.19 |
81000 |
0.67 |
2012 |
FIRM |
60360 |
C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional investors, who have bid at and above the
Issue Price of Rs.37/- per Equity Share, was finalized in consultaton with BSE. The
category was subscribed 1.77 times. The total number of shares allotted in this category
is 3876980 Equity Shares. The category-wise details of the Basis of Allocation (Sample)
are as under.
Category |
No. Of Applns. |
% to total |
Total No. of
Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of
Shares allocated |
3000 |
1 |
1.45 |
3000 |
.04 |
1695 |
FIRM |
1695 |
10200 |
1 |
1.45 |
10200 |
0.15 |
5762 |
FIRM |
5762 |
51000 |
2 |
2.90 |
102000 |
1.49 |
57616 |
FIRM |
57616 |
94500 |
1 |
1.45 |
94500 |
1.38 |
53380 |
FIRM |
53380 |
122550 |
1 |
1.45 |
122550 |
1J9 |
69224 |
FIRM |
69224 |
200100 |
1 |
1.45 |
200100 |
2.92 |
113030 |
FIRM |
113030 |
238050 |
2 |
2.90 |
476100 |
6.94 |
268932 |
FIRM |
268932 |
476250 |
1 |
1.45 |
476250 |
6.94 |
269017 |
FIRM |
269017 |
1190400 |
1 |
1.45 |
1190400 |
17.34 |
672415 |
FIRM |
672415 |
1904700 |
1 |
1.45 |
1904700 |
27.75 |
1075901 |
FIRM |
1075901 |
D. Allocadon to QIBs
Allocation to QIBs have been done on a proportionate basis. As per the SEBI guidelines,
Mutual Funds were initially allotted 5% of the quantum of shares available (646163) and
other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available
shares (12277100) on proportionate basis. The sectoral cap and other limits applicable to
the holding of shares in company have been taken into account while allotting shares-
Mutual Funds were allotted 28.75% for QIB segment and other QIB applicants were allotted
71.25% of the shares for QIB segment.
Category |
FIs/Banks |
Mills |
File |
Total |
No.of Shares |
1009036 |
3715066 |
8199161 |
12923263 |
The Committee of Directors of the company at its Meeting held at Hydrabad on 31 st
March, 2006 has approved the basis of allocation of shares of the Issue and has allotted
the shares to various successfulapplicants.
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
over-printed with the Bank Mandate details as registered, if any, with the depositories.
The shares allocated 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 National Stock
Exchange of India Limited and Bombay Stock Exchange 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 Karvy Computer share Private Limited at www.karvy.com or http://karisma.karvy.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:
Kervy Computershare Private Limited
Unit: Adhunik, Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad-500034. Email: adhunikipo0karvy.com or mailmanager@karvy.com
TOLL FREE -HELP LINE NUMBER
1-600-3454001
Place: Kolkata
Date : 01 April, 2006 |
ForAdhunlk Metaliks Limited
sd/-
Sougata Sen Gupta
(Company Secretary) |
THE LEVELOF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHERTHE
MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ADHUNIKMETAUKS
LIMITED. |