|Basis of Allotment|
JHS SVENDGAARD LABORATORIES LTD
(incorporated as JHS Svendgaard Laboratories Limited on October
8,2004 with the Registrar of Companies Punjab
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 67,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF JHS SVENDGAARD LABORATORIES LIMITED (HEREINAFTER REFERRED TO AS THE 'COMPANY' OR 'ISSUER') FOR CASH AT A PREMIUM OF RS. 48/- PER EQUITY SHARE AGGREGATING RS. 386.60 MILLION INCLUDING PROMOTER'S CONTRIBUTION OF 500,000 EQUITY SHARES OF RS. 10% EACH AND A NET ISSUE TO THE PUBLIC OF 62,00,000 EQUITY SHARES OF RS. 10/- EACH (HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE CONSTITUTES 49.60% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY
The Issue was made through 100% Book Building Process wherein atleast 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB portion was available for allocation on proportionate basis to all Qualified institutional Buyers, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, minimum of 15% of the Net Issue was available for allocation on a proportionate basis to Non-institutional Bidders and minimum of 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price.
The Issue received 11,940 bids / applications for 1,62,09,600 equity shares resulting in 2.61 times subscription. The details of the valid bids/applications received in the Issue from Retail, Non- Institutional Investor and Qualified Institutional Investor are as under:
The Basis of Allotment was finalized in consultation with The Bombay Stock Exchange Limited on Friday, Octotar 13, 2006
A) 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.58/- Equity Share, was finalized in consultation with BSE. The category was subscribed 2.76821 times. The total number of equity shares allotted in this category is 23,34,132 Equity Shares, which includes Original Offer of 21,70,000 Equity Shares, Spill-over from HNI Category of 1,63,800 Equity Shares and Rounding-off Adjustment of 332 Equity Shares. The Category-wise details of the Basis of Allocation are as under:
All the applicants who have applied for 360 Equity Shares or more have been given firm allotment on proportionate basis
B. Allocation to Non-Institutional Investors:
All the bidders/applicants in the Non-Institutional Category have been given firm allotment on proportionate basis.
C.Allocation to QIBs:
The Board of Directors of the Company at it's Meeting held at New Delhi on Monday, October 16, 2006 has approved the Basis of Allocation and has allotted the equity shares to the successful bidders / applicants. The CAN-cum-Refund Orders have been dispatched on Monday, October 16, 2006 to the address of the investors as registered with the depositories. In case the same is not received within 10 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 Equity Shares allotted to successful applicants have been credited to their respective beneficiary accounts subject to validation of the account details with the depositories concerned. JHS Svendgaard Laboratories Limited is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange Limited within seven working days from the date of approval of the Basis of Allocation.
INVESTORS MAY PLEASE NOTE
These details of the allocation / allotment made are being hosted on the website of Registrars to me Issue, Intime Spectrum Registry Limited at www.intmespectrum.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 o equity 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
|Place: New Delhi
Date: Friday, October 20, 2006
For JHS Svendgaard Laboratories Limited
|THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICAT1VE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF JHS SVENDGAARD LABORATORIES LIMITED.|