|Basis of Allotment|
INDUS FILA LIMITED
(The Company was incorporated on June 10,1999 as Indus Fila Private Limited under the Companies Act, 1956. The name of the Company was subsequently changed to Indus Fila Limited by a special resolution of the shareholders of the Company at an Extraordinary General Meeting held on March 31,2006. The fresh certificate of incorporation consequent upon the change of name was granted on July 6,2006 by the Registrar of Companies, Bangalore, Karnataka. For details of incorporation, change in name and registered office, please refer to the chapter on Our History and Corporate Structure at page 86 of Prospectus)
Registered Office: 285, 37th KM Stone, TumkurRoad, Kasaba
Hobli, T. Begur. Nelamangala- 562123.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 48,43,789 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT AN ISSUE PRICE OF RS.170 PER EQUITY SHARE AGGREGATING TO RS.8234.44 LACS (HEREINAFTER REFERRED TO AS 'THE ISSUE'). THE NET ISSUE TO PUBLIC CONSISTS OF 48,43,789 EQUITY SHARES OF RS.10/- EACH AGGREGATING TO RS.8234.44 LACS. THE NET ISSUE WOULD CONSTITUTE 25% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY
THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH AND THE ISSUE PRICE IS 17 TIMES OF THE FACE VALUE.
The Issue was made through the 100% book building process where in upto 50% of the Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs), out of which 5% of the QIB portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remaining QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional buyer, including Mutual Funds, subject to valid bids being received at or above issue price. Further, atleast 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non- Institutional Bidders and atleast 35% of the Net Issue to the public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid-bids being received at the Issue Price.
The Board of Directors of Indus Fila Limited wish to thank the investing public for their response to the Issue which opened for subscription on February 12,2007 and closed on February 14,2007. The Issue has received 7032 valid applications for 65,13,768 Equity Shares, resulting in 1.34 times subscription. The details of the subscription received in the Issue from QIBs, Non-Institutional, Retail categories are as under:
The Basis of Allocation was finalised in consultation with the Designated Stock Exchange - The Bombay Stock Exchange Limited ("BSE") February 27,2007.
A) ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
B) ALLOCATION TO NON INSTITUTIONAL BIDDERS
C) ALLOCATION TO QUALIFIED INSTITUTIONAL BUYERS
The Board of Directors for the Issue of the Company; vide resolution dated February 27,2007, has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants.
The Confirmation of Allocation Note ("CAN") and Refund Orders in respect of refunds due to applicants have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten (10) 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 Equity Shares allotted to successful applicants are being credited to their respective beneficiary accounts 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 National Stock Exchange of India Limited ("NSE") and The Bombay Stock Exchange Limited ("BSE') within seven (7) working days from the date approval of Basis of Allocation.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Datamatics Financial Services Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid cum Application Form, Number of Equity Shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below:
Datamatics Financial Services Limited
This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.
THE LEVEL OF SUBSCRIPITION SHOULD NOT BE TAKEN INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF INDUS FILA LIMITED