|Basis of Allotment|
Originally incorporated as 'Insecticides (India) Private Limited' on 18th December 1996, with registered office at 208, Anupam Bhawan, Azadpur Commercial Complex, Delhl -110033, our Company was converted into a Public Limited Company on 02nd November 2001. The Registered office was shifted from, Anupam Bhawan, Azadpur Commercial Complex, Delhi-110033 to its current address 401-402, Lusa Tower, Azadpur Commercial Complex, Azadpur, Deihi-110033 with effect from 24th October 2001.
Registered/Corporate Office: 401-402, Lusa Tower,
Azadpur Commercial Complex, Azadpur, Delhi -110033.
PUBLIC ISSUE OF 32,10,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF
RS. 115 PER EQUITY SHARE, INCLUDING SHARE PREMIUM OF RS. 105 PER EQUITY SHARE AGGREGATING
ISSUE PRICE: RS. 115 PER EQUITY SHARE OF FACE VALUE OF RS. 10
The Issue was made through the 100% book building process wherein up to 50% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB portion shall be available for allocation on proportionate basis to all Qualified Institutional Buyers, including mutual funds, subject to valid bids being received at or above the issue price. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. The issue received 11086 applications for 4101190 equity shares resulting in 1.2776 times subscription. The details of the applications received in the Issue from Retail Individual Bidders, Non Institutional Investors, Qualified Institutional Buyers and Employees categories is as under (before technical & multiple rejections):
* Including bids received at cut off price # After eliminating cheque returns
A) Allocation to Retail Individual Bidders
B) Allocation to Non Institutional Bidders
C) Allocation to Qualified Institutional Bidders
D) Allocation to Employees
The Board of Directors of Insecticides India Limited at its meeting held at New Delhi, 24.05.2007 has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants. Bidders should note that on the basis of name of the Bidders, DP ID and Client ID provided by them in the Bid cum Application Form, Registrar to the Issue has obtained from the Demographic Details of the Bidders details such as address, bank account details alongwith the nine digit MICR Code and occupation (herein after referred to as "Demographic Details') from the Depositories. These Demographic Details have been used for all correspondence with the Bidders including mailing of the refund orders/CANs/Allocation Advice/Refund Advice, printing of bank particulars on the refund order and for refunds through ECS/Direct Credit/RTGS. The Demographic Details given by the Bidders in the Bid-cum-application form would not be used for these purposes by the Registrar. Investors should also note that the bank particulars received from the Depositories have been used for refund through ECS/Direct Credlt/RTGS and overprinted on the refund orders. Applicants having a bank account in any of the 15 centres where clearing houses are managed by the Reserve Bank of India (RBI) viz. Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Guwahatj, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram, will get refunds through mandatory Electronic Clearance Scheme (ECS) only, except where applicant is otherwise disclosed as eligible to get refunds through direct credit or Real Time Gross Settlement (RTGS). Applicants having a bank account at any of the 15 centers detailed above, and whose bid amount exceeds Rs. 1 million, were eligible to exercise the option to receive refunds, if any, through RTGS If the IFSC code was mentioned in the Bid-cum-application form.
The despatch of Refund Orders has been completed by 25.05.2007 to the address of the
investors as registered with the depositories. In case the same is not received within ten
days, investors may contact at the address given below. The refund orders have been
printed with the Bank Mandate details as registered, if any, with the depositories. The
Equity Shares allocated to the successful applicants have been credited to their
beneficiary accounts subject to validation of the account details with the depositories
concerned. The Company has submitted the listing application on 25.05.2007. 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 and within seven working days from
the date of approval of the basis of allocation.
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 Equity Shares bid for, name of the member of the
syndicate and place where the bid was submitted and payment details at the address given
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 INSECTICIDES (INDIA) IMITED.