|Basis of Allotment|
VECTRA HELICORP LIMITED
(Our Company was originally incorporated as Azal India Private Limited on April 13,1998. We subsequently changed the name of our Company to Global Helicorp Private Limited pursuant to a special resolution of the shareholders passed at an extraordinary general meeting on May 23, 2003. This name was subsequently changed to Global Vectra Helicorp Private Limited pursuant to a special resolution of the shareholders passed at an extraordinary general meeting on August 26, 2004. The name was changed to Global Vectra Helicorp Limited and the fresh certificate of incorporation consequent on change of name was granted to our Company on October 10, 2005 by the Registrar of Companies, N.C.T. of Delhi and Haryana at New Delhi)
Registered Office: A-54, Kailash Colony, New Delhi 110 048, Corporate
Office: 202, Krishna Kunj, V. L. Mehta Marg, JVPD Scheme, Mumbai 400 056, Tel: (91 22)
2618 6155; Fax: (91 22) 2617 6501 Email: firstname.lastname@example.org
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 3,500,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 185 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 175 PER EQUITY SHARE AGGREGATING RS. 647.50 MILLION COMPRISING A FRESH ISSUE OF 2,800,000 EQUITY SHARES OF RS. 10 EACH BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE BY AZAL AZERBAIJAN AVIATION LIMITED OF 700,000 EQUITY SHARES OF RS. 10 EACH (THE "OFFER FOR SALE"). THE FRESH ISSUE AND THE OFFER FOR SALE ARE JOINTLY REFERRED TO AS THE "ISSUE". THE ISSUE WOULD CONSTITUTE 25.0% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY
The Issue is being made through the 100% book building process wherein at least 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, at least 15% of the Issue will be available for allocation on a proportionate basis to Non-institutional Bidders and at least 35% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 8423 applications for 12347640 equity shares resulting in 3.53 times subscription. The details of valid applications received from Retail, Non Institutional Investor, Qualified Institutional Investor categories are as under (After Cheque Return):
A sample of final demand at different bid prices is as under:
The Basis of Allotment was finalised with the National Stock Exchange of India limited on October 18, 2006.
Allocation to Retail Investors
The application from Retail Investors who have bid at Cut-Off or above the issue Price of Rs. 185/- per equity shares have been considered for allotment. The category was subscribed 1.03 times and after considering spillover from non-institutional investors the category was subscribed 0.76167 times. All the investors who have applied have been allotted equity shares on a Firm Basis. The category wise details of the Basis of Allocation are as under:
Allocation to Non Institutional Investors (Individuals who have applied for an amount Rs.1,00,001/- and above, Bodies Corporate/ Institutions)
The category was subscribed 0.23771 times. Ail the Investors who have applied for 510 shares and above have been allotted equity shares on Firm Basis. Undersubscription has been spilled over to the other categories. The category wise details of the Basis of Allocation are as under:
Allocation to QIBs
The QIB portion was subscribed 6.26 times and after considering spillover from non-institutional investors and retail investors the category was subscribed 5.07279 times. All the investors who have applied have been allotted equity shares on a Firm Basis. The details are as under.
Dates of Despatch of Refund Orders, Credit to Beneficiary Accounts and Listing Details
The Board of Directors of the Company at its meeting held on October 19, 2006 has approved the Basis of Allotment of the shares and has allotted the shares to various successful applicants.
The refund orders have been despatched to the First/Sole applicant at the address registered with the Depositories. In case the same is not received within ten days, investors may contact the Registrars at the address given below:
Investors may please note that the details of the allocation made are being hosted on the website of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
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 the shares bid for, name of the member of the syndicate and the place where the bid was submitted and the payment details at the address given below:
INTIME SPECTRUM REGISTRY LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE EITHER OF THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GLOBAL VECTRA HELICORP LIMITED.
For Global Vectra Helicorp Limited
Place: Mumbai Sd/-
Date : 20th October, 2006 Director
|Place : Mumbai
Date : 20th October, 2006
For Global Vectra Helicorp Limited