|Basis of Allotment|
BARAK VALLEY CEMENTS LIMITED
Registered Office: 202, Royal View, 2nd Floor,
B.K.Kakoti Road, Ulubari, Guwahati, Assam-781007
Our Company was incorporated as 'Barak Valley Cements Limited' on 28th April 1999, with its Registered Office at 163, Sreemanta Market Annexe, A.T. Road, Guwahati, Assam-781001. The Registered Office was shifted from 163, Sreemanta Market Annexe, A,T. Road, Guwahati, Assam-781001 to 265, Sreemanta Market Annexe, A J. Road, Guwahati, Assam-781001 with effect from 11th March 2003. The Registered Office of our company was futher shifted from 265, Sreemanta Market Annexe, AT. Road, Guwahati, Assam-781001 to 202 Royal View, 2nd Floor, B.K.Kakoti Road, Ulubari, Guwahati, Assam-781007 with effect from August 8,2007.
BASIS OF ALLOTMENT
Public Issue of 56,60,000 Equity Shares of Rs. 10/- each for cash at a pries of Rs. 42 per Equity Share, Including share premium of Rs. 32 per equity share aggregating Rs. 2377.20 lacs by Barak Valley Cements Limited ('BVCI' or the Company' or 'The Issuer'). The Issue comprises of reservation of 1,13,000 Equity Shares aggregating Rs. 47.46 lacs for permanent employees (employees reservation portion) on a competitive basis and the "Net Issue to the Public" of 55,47,000 Equity Shares aggregating Rs. 2329.74 lacs. The Net Issue to the Public would constitute 25.03% of the fully diluted post issue paid-up capital of our Company. Issue price: Rs. 42 per equity share of face value of Rs.10 each and is 4.2 times the face value.
The issue received 70,406 applications for 15,82,02,750 equity shares resulting in 27.95 times subsription.
The Basis of Allotment was approved by Bombay Stock Exchange Limited (Designated Stock Exchange) on November 14,2007. The Board of Directors of the Company at its meeting held on November 15,2007 has approved the Basis of Allotment of equity shares and allotted the equity shares to various successful applicants.
The details of applications received in the Issue from Retail Category, Corporates/lnstitutions (Non Retail Category) QIBs and Employees are as under (Before Technical Rejection):
A. Allotment to Retail Investors (After technical Rejection)
B. Allotment to Non institutional Investors (Such number of Equity Shares that the
Bid Amount exceeds Rs. 1,00,000) (After Technical Rejection)
C. Allotment to Qualified Institutional Buyers (QIBs) (After Technical Rejection)
D. Allotment to Employees (After Technical Rejection)
The CAN/Refund orders, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or direct credit) and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories by November 16,2007. 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 Equity Shares allotted to the successful applicants have been credited to their beneficiary accounts subject to validation of the accounts details with the depositories concerned by November 16,2007. The Listing application has been filed with BSE and NSE on November16,2007 and the Cornpany is taking steps to get the Equity Shares admitted for trading on the BSE and the NSE within seven working days from the date of approval 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-appiication form, number of Equity Shares bid for, name of the of the syndicate and place where the bid was submitted and payment details at the 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 BARAK VALLEY CEMENTS LIMITED.