|Basis of Allotment|
ALLCARGO GLOBAL LOGISTICS LIMITED
(Our Company was incorporated as All Cargo Movers (India) Private Limited, as a private company on August 18,1993 under theCompanies Act, 1956. The name of our Company was changed to Allcargo Movers (India) Private Limited on June 25, 2004.Consequently the name of our Company was changed to Allcargo Global Logistics Private Limited on December 8, 2005 and was converted into a public limited company on January 17, 2006.)
Registered and Corporate Office: Diamond Square, 5th Floor, CST Road,
Kalina, Santacruz (East), Mumbai-400098.
BASIS OF ALLOTMENT
Public Issue of 2,079,000 Equity Shares of Rs.10/- each issued for cash at a price of Rs.675/- per share aggregating Rs.1403.33 million (hereinafter referred to as the "Issue") by Allcargo Global Logistics Limited ("the Company" or "Issuer"). The Issue comprises of reservation of 51,000 Equity Shares aggregating Rs. 34.43 million for permanent employees on a competitive basis and the "net issue to public" of 2,028,000 Equity Shares aggregating Rs.1368.90 million. The Issue constitutes 10.26% of the post issue paid up capital of the Company.
ISSUE PRICE Rs. 675/- PER EQUITY SHARE
In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the post-Issue capital, and the Issue being made through the 100% Book Building Process, at least 60% of the Issue has been allocated on a proportionate basis to OIB Bidders, out of which 5% of the OIB Portion was allocated on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was allocated on a proportionate basis to all OIB bidders, including Mutual Funds, subject to valid bids being received at or above mentioned Issue price.
The Issue received 8,970 applications for 15,888,618 equity shares resulting in over
subscription of 7.64 times. The details of
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange ("BSE") on June 14, 2006. The final demand ( after technical rejections) and allocation of shares in following 4 categories is as under
A. Allocation to Employees
B. Allocation to QIBs
C. Allocation to Retail Investors
D. Allocation to Non Institutional Investors
The Board of Directors of the Company at its meeting held at Mumbai on June 14, 2006 has approved the basis of allocation of shares of the Issue and has allotted shares to all successful applicants.
The Allotment Advice / CAN together with ECS intimation / Refund Orders have been dispatched on June 16, 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 over printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants have been credited to their beneficiary accounts on June 16, 2006 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 the Bombay Stock Exchange Limited and the National Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar 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 atthe address given below:
Intime Spectrum Registry Limited
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 ALLCARGO GLOBAL LOGISTICS LIMITED.