EMKAY SHARE
AND STOCK BROKERS LIMITED
(The company was incorporated as Emkay Share and Stock Brokers Private
Limited on 24th January, 1995 under the provisions of Companies Act. 1956. The Company was
converted from Private Limited to Public Limited Company under the provisions of Companies
Act, 1956 on 20th October. 2005 and the name was changed to
Emkay Share and Stock Brokers Limited)
Registered Office: 4 D, 4th Floor, Hamam House, Ambalal Doshi Mang, Fort,
Mumbai 400 001.
Tel.:+91-22-5660 6690, Fax: +91-22-2490 4795
Corporate Office: Phoenix House,'C' Wing, 4th Floor, Phoenix Mills,
Senapati Bapat Marg, Lower Parel,
Mumbai 400013. Tel No.:+91-22-5660 6690, Fax No.: +91-22-2490 4795
E-mail: compliance@emkayshare.com
Website: www.emkayshare.com Compliance
Officer: Mr. Vijay Shenoy
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 82,50,000 EQUITY SHARES OF RS. 10/- EACH ISSUED FOR CASH AT A
PRICE OF RS.120/-(INCLUDING PREMIUM OF RS. 110/-) PER SHARE AGGREGATING RS. 7500.00 LACS
(HEREINAFTER REFERRED TO AS "THE ISSUE") INCLUDING EMPLOYEE RESERVATION OF
2,00,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS.120/- AND THE NET
ISSUE TO THE PUBLIC OF 60,50,000 EQUITY SHARES OF RS.10/-EACH ISSUED FOR CASH AT A PRICE
OF RS. 120/- AGGREGATING TO RS. 7260.00 LACS. THE ISSUE CONSTITUTES 25.88% OF THE FULLY
DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.THE FACE VALUE PER EQUITY SHARE IS
RS.10/-EACH AND THE ISSUE PRICE IS 12 TIMES OF THE FACE VALUE
The Issue has been made through the 100% book building process wherein not more than
50% of the Net Issue to the public has been allocated on a proportionate basis to
Qualified Institutional Buyers (QIBs) (including 5% of the QIB portion to be specifically
reserved for Mutual Funds). Further. not less than 15% of the Net Issue and 35% of the Net
Issue has been allotted on a proportionate basis to Non- Institutional Bidders and Retail
Bidders respectively.
The Issue received 43,668 applications for 4,83,25,580 equity shares (including
reserved category for Employees) resulting in 7.73 times subscription. The details of the
valid applications received in the Issue from Retail, Non- Institutional Investor,
Qualified Institutional Investor and Employee categories are as under:
Category |
No. of Applications |
No. of Shares |
Subscription (times) |
Qualified Institutional Buyers |
28 |
2,65,21,800 |
8.77 |
Non Institutional Investors |
214 |
71,81,100 |
7.91 |
Retail Investors |
43,268 |
1,43,91,680 |
6.79 |
Employees |
140 |
2,31,000 |
1.16 |
Total |
43,668 |
4,83,25,580 |
7.73 |
Final Demand
A sample of the final demand at different bid prices is as under:
Bid Price |
No.of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
100 |
350700 |
0.7054 |
49713950 |
100.0000 |
101 |
2900 |
0.0058 |
49363250 |
99.2946 |
102 |
1400 |
0.0028 |
49360350 |
99.2887 |
103 |
100 |
0.0002 |
49358950 |
992859 |
104 |
50 |
0.0001 |
49358850 |
99.2857 |
105 |
48050 |
0.0926 |
49358800 |
992856 |
106 |
10350 |
0.0208 |
49312750 |
99.1930 |
107 |
16500 |
0.0332 |
49302400 |
99.1722 |
108 |
800 |
0.0016 |
49285900 |
99.1390 |
109 |
1100 |
0.0022 |
49285100 |
99.1374 |
110 |
354850 |
0.7134 |
49284000 |
99.1352 |
111 |
16950 |
0.0341 |
48929350 |
98.4218 |
112 |
18000 |
0.0362 |
48912400 |
98.3877 |
113 |
13800 |
0.0274 |
48894400 |
98.3515 |
114 |
1850 |
0.0037 |
48880800 |
98.3241 |
115 |
115850 |
0.2330 |
48878950 |
98.3204 |
116 |
1250 |
0.0025 |
48763100 |
98.0874 |
117 |
8950 |
0.0180 |
48761850 |
98.0848 |
118 |
900 |
0.0018 |
48752900 |
98.0668 |
119 |
200 |
0.0004 |
48752000 |
98.0650 |
120 |
34954400 |
70.3110 |
48751800 |
98.0646 |
9999 |
13797400 |
27.7536 |
13797400 |
27.7536 |
|
49713950 |
100.0000 |
|
|
The Basis of Allotment was finalized In consultation with the Bombay Stock Exchange
Limited on April 20, 2006.
A) Allocation to Retail Investors
The Basis of Allocation to the Retells Investors, who have bid at cut-off or at and above
the Issue Price of Rs.120/- per Equity Share, was finalized In consultation with BSE. The
category was over subscribed 6.79 times. The total number of shares allotted in this
category is 21,17,500 Equity Shares. The category-wise details of the Basis of Allocation.
Category |
No. of
Applns. |
% to
Total |
Total No. of
Shares applied |
% to
Total |
Proportional
Allocation |
Ratio |
Total No. of
Shares allocated |
50 |
8189 |
14.56 |
308450 |
2.20 |
50 |
17:100 |
52450 |
100 |
5787 |
13.65 |
578700 |
4.13 |
50 |
3:10 |
87400 |
150 |
2552 |
8.02 |
382800 |
2.73 |
50 |
9:20 |
57650 |
200 |
3708 |
8.75 |
741800 |
5.30 |
50 |
3:5 |
111750 |
250 |
1589 |
3.70 |
392250 |
2.80 |
50 |
19:25 |
59600 |
300 |
1723 |
4.07 |
518900 |
3.69 |
50 |
91:100 |
78400 |
360 |
920 |
2.17 |
322000 |
2.30 |
53 |
FIRM |
48760 |
400 |
12131 |
28.62 |
4852400 |
34.65 |
60 |
FIRM |
727860 |
450 |
373 |
0.88 |
167850 |
1.20 |
68 |
FIRM |
25364 |
500 |
464 |
1.09 |
232000 |
1.66 |
76 |
FIRM |
35264 |
550 |
80 |
0.19 |
44000 |
0.31 |
83 |
FIRM |
6640 |
600 |
199 |
0.47 |
119400 |
0.85 |
91 |
FIRM |
18109 |
850 |
50 |
0.12 |
32500 |
0.23 |
98 |
FIRM |
4900 |
700 |
87 |
0.21 |
60900 |
0.43 |
105 |
FIRM |
9135 |
750 |
94 |
0.22 |
70500 |
0.50 |
113 |
FIRM |
10622 |
800 |
6476 |
15.28 |
5180800 |
37.00 |
121 |
FIRM |
783596 |
B) Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional investors, who have bid at cut-off or at
and above the Issue Price of Rs.120/-per Equity Share, was finalized in consultation with
BSE. The category was subscribed 7.91 times. The total number of shares allotted in this
category is 9,07,500 Equity Shares. A sample of 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 |
Total No. of
Shares allocated |
20800 |
10 |
4.74 |
208000 |
2.90 |
2630 |
FIRM |
26300 |
25000 |
6 |
2.09 |
150000 |
2.09 |
3161 |
FIRM |
18966 |
83300 |
2 |
0.95 |
166600 |
2.32 |
10531 |
- FIRM |
21062 |
100000 |
2 |
0.95 |
200000 |
2.79 |
12643 |
FIRM |
25286 |
166650 |
1 |
0.47 |
166650 |
2.32 |
21068 |
FIRM |
21068 |
250000 |
1 |
0.47 |
250000 |
3.48 |
31606 |
FIRM |
31606 |
333300 |
1 |
0.47 |
333300 |
4.64 |
42137 |
FIRM |
42137 |
416650 |
2 |
0.95 |
833300 |
11.61 |
52675 |
FIRM |
105350 |
460000 |
1 |
0.47 |
460000 |
6.41 |
58155 |
FIRM |
58155 |
833300 |
1 |
0.47 |
833300 |
11.61 |
105351 |
FIRM |
105351 |
1666650 |
1 |
0.47 |
1666650 |
23.22 |
210708 |
FIRM |
210708 |
C) Allocation to Employees:
The Basis of Allocation to the Employees category, who have bid at cut-off or at the Issue
Price of Rs.120 per Equity Share, was finalized in consultation with NSE. The category was
subscribed to the extent of 1.16 times. The total number of Equity Shares allotted in this
category is 2,00,000 Equity Shares.
All the applicants have been given firm allotment on proportionate basis inverse to the
over-subscription ratio.
D) Allocation to OIBs
Category |
FIs/Banks |
MFs |
Flls |
Insurance Companies |
VCs |
Total |
No.of Shares |
140759 |
917649 |
1966592 |
- |
- |
3025000 |
The Board of Directors of the Company has approved the Basis of Allocation through a
resolution by circulation on April 21, 2006 and has allotted shares to various successful
applicants.
The Refund Orders have been dispatched on April 21, 2006 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, if any, with the depositories. The
shares allotted to successful applicants have been credited to their beneficiary accounts
subject to validation of the account details with the depositories concerned. Emkay Share
and Stock Brokers Limited 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, Intime Spectrum Registry Limited at www.intimespectrum.com.
All future correspondence in this regard may kindly be addressed to the Registrars to the
Issue, whose address is furnished below, 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.
Book-Running Lead Manager |
Registrar to the Issue |
Centrum Capital Limited
5th Floor, Khetan Bhavan, 198, J. Tata Road
Churchgate, Mumbai 400 020.
Tel.: +91-22-2202 3838; Fax: +91-22-2204 6096
E-mail: emkay@centrum.co.in Website: www.centrum.co.in
Contact Person: Ms. Sangeeta Sanghvi |
Intims Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, LBS Marg Bhandup (West), Mumbai 400 078.
Tel.: +91-22-2596 0320; Fax: +91-22-2596 0329
E-mail: emkayipo@intimespectrum.com
Website: www.intimespecirum.com
Contact Person: Mr. Vishwas Attawar |
Place: Mumbai
Date : April 25, 2006 |
For Emkay Share and Stock Brokers Limited,
Sd/-
Krishna Kumar Karwa
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
EMKAY SHARE AND STOCK BROKERS LIMITED. |