|Basis of Allotment|
This is only an advertisement for information
purposes and not a Prospectus announcement
(Our Company was originally Incorporated at Mumbai on July 25,1984 as "Mandhana Textile Mills Private Limited" under the Companies Act, 1956, with registration number 11 - 33553 of 1984. With effect from July 1,1993, our Company was converted into a deemed public limited company under Section 43A of the Companies Act, 1956. On April 18,1995 the name of our Company was changed from "Mandhana Textile Mills Limited" to "Mandhana Industries Limited". On March 27,2002, pursuant to Section 43A (2A) of the Companies Act, 1956, our company was converted from a deemed public limited company to a private limited company whereby the name of our Company was, changed to "Mandhana Industries Private Limited". On May 15, 2007, our Company was further converted into a public limited company and the name of our company was changed to "Mandhana Industries Limited". Our Corporate Identity Number is U17120MH1984PLC033553.)
Registered Office: Plot number C-3, MIDC, Tarapur Industrial
Area, Boisar, Thane-401 506, Maharashtra, India.
Promoters of our Company: Mr. Purushottam Mandhana, Mr. Biharilal Mandhana, Mr. Manish Mandhana, Mr. Priyavrat Mandhana and Purushottam Mandhana (HUF).
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 83,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 130 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 120 PER EQUITY SHARE) FOR CASH AGGREGATING RS. 10,790.00 LACS (THE "ISSUE"). THE ISSUE OF EQUITY SHARES CONSTITUTED 25.06% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
BID/ISSUE OPENED ON APRIL 27,2010*, CLOSED ON APRIL 29, 2010
*Bidding in the the Anchor Investor Portion opened and closed on the Anchor Investor Bid/ Issue date i.e. one day prior to the Bid/Issue Opening Date i.e. April 26,2010
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 130/- AND IT IS 13 TIMES THE FACE VALUE
The Issue was made under sub-regulation (1) of Regulation 26 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("SEBI (ICDR) Regulations") and through the 100% Book Building Process wherein not more than 50% of the Issue was allocated on a proportionate basis to Qualified Institutional Buyers, of which 5% (excluding Anchor Investor Portion) was available for Allocation on a proportionate basis to Mutual Funds only and the remaining QIB portion was available for allocation to the QIB bidders including Mutual Funds, subject to valid Bids being received at or above the Issue Price.The QIB portion includes Anchor Investor portion as defined in the section titled "Definitions and Abbreviations" on page i of the Prospectus and and our Company has allocated 11,53,850 Equity Shares to the Anchor Investors in accordance with the applicable SEBI (ICDR) Regulations. Further, not less than 35% of the Issue was available for allocation on a proportionate basis to Retail Individual Bidders and not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 15,932 applications for 45,115,950 equity shares resulting in 5.44 times subscription. The details of the applications received in the Issue from Qualified institutional Buyers, Non-Institutional, Retail Individual Bidders and Anchor categories are as under (Before technical rejections and after Cheque return)
'The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on May 11,2010
A. Allotment to Retail Individual Investors (After Technical Rejections) Including ASBA applications
The Basis of allotment to the Retail Individual Investors, who have bid at cut off and the Issue Price of Rs. 130/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 2.592 times. The total number of shares allotted in this category is 29,05,000 Equity Shares to 13,572 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non Institutional Investors (After Technical Rejections) including
C. Allotment to QIBs
D. Allotment to Anchor Investors
The IPO committee of the Board of Directors of the company at its Meeting held at Mumbai on May 12, 2010 has approved the basis of allotment of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched 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 over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allotted to successful applicants are being credited to their 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 Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allotment.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated May 6,2010 ("Prospectus")
INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
Tel. No.: +91 22 2596 0320, Fax No.: +91 22 2596 0329
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 MANDHANA INDUSTRIES LIMITED.