SHREE ASHTAVINAYAK CINE
VISION LIMITED
(incorporated as "Shree Ashtavinayak cine vision private
limited" on October 23,2001 at Mumbai under the Companies Act, 1956 and converted
into public limited company as "Shree Ashtavinayak Cine Vision Limited" on June
25, 2004)
Regd Office : A-204/205 VIP Plaza, 2nd Floor, Block-B, Veera
Industrial Estate, Off Andheri Link Road, Andheri (W), Mumbai 400053. Tel:
+91-22-67029630, Fax: +91-22-67029634.
Website: www.ashtavinayak.com Email:
ipo@ashtavinayakindia.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 37,28,000 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF
RS. 160/- PER EQUITY SHARE AGGREGATING RS. 5964.80 LAKHS (REFERRED TO AS "THE
ISSUE"). INCLUDING PROMOTERS CONTRIBUTION OF 4, 28,000 EQUITY SHARES OF FACE VALUE OF
RS. 10/- EACH AT A PRICE OF RS.160/- FOR CASH AT A PREMIUM AGGREGATING TO RS. 684.80 LAKHS
AND NET ISSUE TO PUBLIC OF 33,00,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH AT A
PRICE OF 160 AT A PREMIUM AGGREGATING RS 5280 LAKHS (HEREIN AFTER REFERRED TO AS THE
"NET ISSUE TO THE PUBLIC") THE ISSUE WILL CONSTITUTE 32.89% OF THE FULLY DILUTED
POST ISSUE CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH FOR CASH AT A PRICE OF RS.160/-
EACH AND THE ISSUE PRICE IS 16 TIMES OF THE FACE VALUE.
The Issue is being made through 100% Book Building Process, where at least 50% of the
Net Issue to the Public shall be allocated on proportionate basis to Qualified
Institutional Buyers (5% of the QIB portion shall be available for allocation on
proportionate basis for Mutual Funds only). If atleast 50% of the Net Issue to the public
cannot be allocated to QIB Bidders, than the entire application money will be refunded.
Further not less than 15% of the Net Issue to the Public shall be available for allocation
to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be
available for allocation to Retail Individual Investors on proportionate basis, subject to
the valid bid received at or above the issue price.
The Issue received 13119 applications for 18658560 equity shares resulting in 5.6541
times subscription. The details of the applications received In the Issue from Qualified
Institutional Buyers, Non-Institutional and Retail Investor categories are as under:
(Before technical rejections)
| Category |
No. of
Applications |
No. of Shares |
Subscription |
| Qualified Institutional Buyers |
16 |
10111040 |
6.1279 |
| Non Institutional Investors |
108 |
4273400 |
8.6331 |
| Retail Investor |
12995 |
4274120 |
3.7005 |
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 |
| 140 |
93600 |
0.4652 |
20120080 |
100.0000 |
| 141 |
2120 |
0.0105 |
20026480 |
99.5348 |
| 142 |
40 |
0.0002 |
20024360 |
99.5243 |
| 143 |
80 |
0.0004 |
20024320 |
99.5241 |
| 145 |
1040 |
0.0052 |
20024240 |
99.5237 |
| 147 |
80 |
0.0004 |
20023200 |
99.5185 |
| 148 |
120 |
0.0006 |
20023120 |
99.5181 |
| 149 |
80 |
0.0004 |
20023000 |
99.5175 |
| 150 |
83440 |
0.4147 |
20022920 |
99.5171 |
| 151 |
80 |
0.0004 |
19939480 |
99.1024 |
| 152 |
40 |
0.0002 |
19939400 |
99.1020 |
| 154 |
40 |
0.0002 |
19939360 |
99.1018 |
| 155 |
1000 |
0.0050 |
19939320 |
99.1016 |
| 157 |
160 |
0.0008 |
19938320 |
99.0966 |
| 160 |
15696160 |
78.0124 |
19938160 |
99.0958 |
| Cut off |
4242000 |
21.0834 |
4242000 |
21.0834 |
| Total |
20120080 |
100.0000 |
|
|
The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited
("BSE") on 2nd January, 2007
A. Allocation to Retail Investors
The category (net of technical /multiple rejections) was over subscribed 3.6413 times. The
total number of shares allotted in this category is 1155008 Equity Shares to 10365
allottees ie 81.435% of valid applicants. The category-wise details of the Basis of
Allotment 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 |
| 40 |
2245 |
17.64 |
89800 |
2.14 |
40 |
27:100 |
24240 |
| 80 |
1263 |
9.92 |
101040 |
2.40 |
40 |
11:20 |
27800 |
| 120 |
865 |
6.80 |
103800 |
2.47 |
40 |
41:50 |
28360 |
| 160 |
440 |
3.46 |
70400 |
1.67 |
43 |
FIRM |
18920 |
| 200 |
436 |
3.43 |
87200 |
2.07 |
54 |
FIRM |
23544 |
| 240 |
193 |
1.52 |
46320 |
1.10 |
66 |
FIRM |
12738 |
| 280 |
1827 |
14.35 |
511560 |
12.16 |
77 |
FIRM |
140679 |
| 320 |
154 |
1.21 |
49280 |
1.17 |
88 |
FIRM |
13552 |
| 360 |
37 |
0.29 |
13320 |
0.32 |
98 |
FIRM |
3626 |
| 400 |
83 |
0.65 |
33200 |
0.79 |
110 |
FIRM |
9130 |
| 440 |
17 |
0.13 |
7480 |
0.18 |
121 |
FIRM |
2057 |
| 480 |
37 |
0.29 |
17760 |
0.42 |
131 |
FIRM |
4847 |
| 520 |
28 |
0.22 |
14560 |
0.35 |
143 |
FIRM |
4004 |
| 560 |
44 |
0.35 |
24640 |
0.59 |
154 |
FIRM |
6776 |
| 600 |
5059 |
39.75 |
3035400 |
72.17 |
165 |
FIRM |
834735 |
B. Allocation to Non Institutional Investors
The category was subscribed (net of technical /multiple rejections) 8.5448 times. The
total number of shares allotted in this category is 494992 Equity Shares to 99 allottees.
The details of basis of allotment of some of the categories are as under: (Sample)
| Category |
No. of Applns. |
% to total |
Total No.of
Shares applied |
% to total |
No. of Shares
allocated |
Ratio |
Total No. of
Shares allocated |
| 800 |
1 |
1.01 |
800 |
0.02 |
94 |
FIRM |
94 |
| 1560 |
4 |
4.04 |
6240 |
0.15 |
183 |
FIRM |
732 |
| 3200 |
1 |
1.01 |
3200 |
0.08 |
374 |
FIRM |
374 |
| 10000 |
1 |
1.01 |
10000 |
0.24 |
1170 |
FIRM |
1170 |
| 22000 |
1 |
1.01 |
22000 |
0.52 |
2575 |
FIRM |
2575 |
| 31280 |
2 |
2.02 |
62560 |
1.48 |
3661 |
FIRM |
7322 |
| 40000 |
1 |
1.01 |
40000 |
0.95 |
4681 |
FIRM |
4681 |
| 60000 |
2 |
2.02 |
120000 |
2.84 |
7022 |
FIRM |
14044 |
| 80000 |
1 |
1.01 |
80000 |
1.89 |
9362 |
FIRM |
9362 |
| 150000 |
1 |
1.01 |
150000 |
3.55 |
17555 |
FIRM |
17555 |
| 400000 |
1 |
1.01 |
400000 |
9.46 |
46812 |
FIRM |
46812 |
| 625000 |
1 |
1.01 |
625000 |
14.78 |
73144 |
FIRM |
73144 |
| 1250000 |
1 |
1.01 |
1250000 |
29.55 |
146276 |
FIRM |
146276 |
C. Allocation to QlBs
As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of
shares available (82500) and other QIB's and unsatisfied demands of Mutual Funds were
allotted the remaining available shares(1567500) on proportionate basis. Total number of
shares allotted in this category is 1650000 Equity Shares to 16 allottes i.e. 100% of
valid applicants. Mutual Funds were allotted 13.11% and other QIB applicants were allotted
86.89% of the shares allotted in the QIB category.
| Category |
Fls/Banks |
MFs |
Flls |
Insurance Companies |
Total |
| No.of Shares |
531432 |
216338 |
902230 |
- |
1650000 |
The Committee of Directors for IPO of the company at it's Meeting held at Vapi, Gujarat
on January 2, 2007 has approved the basis of allocation of shares and allotted the shares
to various successful applicants.
The physical refund warrants, intimation regarding refunds through electronic modes
(ECS, RTGS, NEFT or Direct Credit) and allotment advice have been dispatched to the
address of the investors as registered with the depositories on January 4, 2007.
The Equity Shares allocated to successful applicants are being credited to their
beneficiary accounts subject to validation of the account details with the depositories
concerned on January 4, 2007.
The Listing Application has been filed with the Bombay Stock Exchange Limited and
National Stock Exchange of India Limited on January 4, 2007. and the Company is taking
steps to complete all formalities for listing and commencement of trading of Equity Shares
on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within
seven working days from the date ofAllotment.
INVESTORS PLEASE NOTE
This details of the allocation made would be 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 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:
Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400078,
Fax: +91-22-2596 0329 Tel. No.: (9122) 2596 0320 - 28
Email: ashtavinayak@intimespectrum.com and
www.intimespectrum.com
Place : Mumbai
Date : January 4, 2007 |
For Shree Ashtavinayak Cine Vision Limited
Sd/-
Ms. Archana Andhare
Company Secretary |
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 SHREE
ASHTAVINAYAK CINE VISION LIMITED |