|Basis of Allotment|
ESS DEE ALUMINIUM LTD.
(Incorporated as Ess Dee Aluminium Private Limited on 10th February 2004 under the Companies Act, 1956, with its registered office at Plot No. 124-133, Panchal Udyog Nagar, Bhimpore, Daman - 396 210. Subsequently, our Company was converted into a public limited company and the name was changed to Ess Dee Aluminium Limited on 14th June 2006). Registered Office: Plot No. 124-133, Panchal Udyog Nagar, Bhimpore, Daman - 396 210.Tel: +91 -260-2220314/15 Fax: +91 -260-2220316. Corporate Office: "Vidyasagar", 4th Floor, Western Express Highway, Malad (E), Mumbai - 400 097. Tel: +91-22- 66919955 Fax: +91-22- 66940985 Website: www.duttagroup.in E-mail: email@example.com Contact Person: Mr Darshan Majmudar, Vice President (Finance) & Company Secretary
BASIS OF ALLOTMENT
ISSUE OF 69,60,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 225 PER
EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 215 PER SHARE) AGGREGATING RS. 15,660.00 LACS
INCLUDING RESERVATION FOR ELIGIBLE EMPLOYEES OF 1,50,000 EQUITY SHARES OF RS. 10 EACH FOR
CASH AT A PRICE OF RS. 225 PER EQUITY SHARE AGGREGATING RS 337.50 LACS
("EMPLOYEE RESERVATION PORTION") AND NET ISSUE TO PUBLIC OF 68,10,000 EQUITY
SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 225 PER EQUITY SHARE AGGREGATING
RS.15,322.50 LACS ("NET ISSUE"). THE NET ISSUE WILL CONSTITUTE 25.79% OF THE
FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF ESS DEE ALUMINIUM LIMITED ("COMPANY"
The Issue received 62,262 applications for 22,01,20,895 equity shares resulting in 31.63 times subscription.
The Basis of Allotment for ell the categories namely Employees, Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was approved by Bombay Stock Exchange Limited (Designated Stock Exchange) on December 19, 2006. The Board of Directors of the Company at its Meeting held at Daman, on December 20, 2006, allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:
180 excess equity shares have been allotted in Non Institutional Investors Category and 5,698 excess equity shares have been allotted in Retail category due to rounding off.
A. Allotment to Employees (After Technical Rejections)
All the bidders in the Employees category, who have bid at cut-off or at the Issue Price of Rs.225/- per Equity Share, have been considered while preparing the basis of allotment. The category was subscribed 0.99 times. The total number of shares allotted in this category is 1,49,475 Equity Shares.
All the applicants in this category have been given firm allotment.
C. Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non Institutional Category, who have bid at the Issue Price of Rs. 225/- per Equity Share, have been considered while preparing the basis of allotment. The category was subscribed 31.74 times. The total number of shares allotted in this category is 10,21,759 Equity Shares.
All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.
D. Allotment to QIBs
The total number of Equity Shares allotted in this category are 34,05,263 Equity Shares (50% of total Equity Shares allotted). The category was subscribed 50.70 times. All the applicants in this category have been given Firm Allotment on a PROPORTIONATE BASIS. Out of the Equity Shares allotted in the QIB Category 1,70,263 Equity Shares have been allotted proportionately to mutual funds. Mutual funds applicants have also been considered eligible for proportionate allotment for the balance Equity shares in QIBs category i.e 32,35,000.
Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details
Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-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 beneficiary accounts.
The company 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 allotment.
INVESTORS PLEASE NOTE
Bigshare Services Private 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 ESS DEE ALUMINIUM LIMITED.