Euro
Multivision Limited
The Company was incorporated on April 29,2004 as Euro Multivision
Limited under the Companies Act, 1956, at Mumbai, Maharashtra with registration no.
11-145995 of 2004. The Corporate Identity No. is U32300MH2004PLC145995. On June 10, 2004
the Registered Office of the Company was shifted from 208 Sangam Arcade, Vallabhbhai Road,
Vile Parle (West), Mumbai-400056 to 204, Vyom Arcade, Off: Subhash Road, Veer Baji Prabhu
Marg, Vile Parle (East), Mumbai-400057. Subsequently, the Registered Office was shifted
from Vyom Arcade, Off: Subhash Road, Veer Baji Prabhu Marg, Vile Parle (East),
Mumbai-400057 to the current address.
Registered Office and Corporate Office: Boston House, Ground
Floor, Suren Road, Chakala,
Andheri (E), Mumbai -400 093, Maharashtra,
Tel. No.: +91 22 4036 4036; Fax No.: +91 22 4036 4037; Website: www.euromultivision.com
BASIS OF ALLOTMENT
INITIAL PUBLIC OFFER OF 88,00,000 EQUITY SHARES OF RS. 10/- EACH OF EURO
MULTIVISION LIMITED ("EML" OR THE COMPANY") AT A PRICE OF RS. 75/- PER
EQUITY SHARE FOR CASH AGGREGATING RS. 6,600 LACS (HEREINAFTER REFERRED TO AS THE
"ISSUE"). THE ISSUE COMPRISES OF EMPLOYEE RESERVATION UPTO 2,00,000 EQUITY
SHARES OF FACE VALUE OF RS.10/- EACH ATA PRICE OF RS.75/- PER EQUITY SHARE (HEREINAFTER
REFERRED TO AS THE "EMPLOYEE RESERVATION PORTION") AND THE NET ISSUE TO THE
PUBLIC OF 86,00,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS.75/- PER EQUITY SHARE
FOR CASH AGGREGATING TO RS. 6,450 LACS (HEREINAFTER REFERRED TO AS THE "NET ISSUE TO
THE PUBLIC"). THE ISSUE WILL CONSTITUTE 36.97 % OF THE POST ISSUE PAID UP CAPITAL OF
THE COMPANY. THE NET ISSUE TO THE PUBLIC WILL CONSTITUTE 36.13 % OF THE FULLY DILUTED POST
ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.
75/- AND IT IS 7.5 TIMES THE FACE VALUE.
The Issue is made through the 100% Book Building Process wherein at least 50% of
the net Issue was to be allocated on a proportionate basis to Qualified Institutional
Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be
allotted to mutual funds), further, Not less then 15% of the Issue shall be available for
Allocation on a proportionate basis to Non-Institutional Bidders and not less then 35% of
the Issue shall be available for allocation on a proportionate basis to Retail Bidders,
subject to valid bids being received at or above the Issue price. Further upto 2,00,000
equity shares shall be available for allocation on a proportionate basis to eligible
employees, subject to valid bids being received at or above the issue price.
The Issue received 7,515 applications for 12,984,300 equity shares
resulting in 1.4755 times subscription. The details of the applications received in the
Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor
and Employee categories are as under: (Before technical rejections)
Category |
No. of Applications |
No. of Shares |
Subscription |
Qualified Institutional Buyers |
5 |
5,309,730 |
1.2348 |
Non Institutional Investors |
112 |
2,382,570 |
1.8470 |
Retail Individual Investors |
7,382 |
5,229,630 |
1.7374 |
Employees |
16 |
62,370 |
0.3119 |
Final Demand
A sample of the final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
70 |
176,580 |
1.0946 |
16,131,240 |
16.1522 |
71 |
540 |
0.0033 |
15,954,660 |
15.9754 |
72 |
2,070 |
0.0128 |
15,954,120 |
15.9748 |
73 |
18,180 |
0.1127 |
15,952,050 |
15.972 |
74 |
2,430 |
0.0151 |
15,933,870 |
15.9546 |
75 |
11,918,520 |
73.8847 |
15,931,440 |
15.9521 |
Cut-Off |
4,012,920 |
24.8767 |
4,012,920 |
4.0181 |
Total |
16,131,240 |
100.0000 |
99,870,300 |
100.0000 |
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on 06 October, 2009.
A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have bid at Cut-off or at the Issue
Price of Rs.75/- per Equity Share, was finalized in consultation with BSE. The category
was under-subscribed 0.3087 times. The total number of shares allotted in
this category is 61,740 Equity Shares to 15 successful
applicants. The under-subscribed portion to the extent of 138,260 equity
shares has been spilled over to the QIB, Non Institutional and Retail Individual Investor
categories. The category-wise details of the Basis of Allocation (Sample) are as under:
Category |
No. Of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
90 |
9 |
60.00 |
810 |
1.31 |
90.00 |
1 :1 |
810 |
180 |
1 |
6,67 |
180 |
0.29 |
180.00 |
1 :1 |
180 |
360 |
1 |
6.67 |
360 |
0.58 |
360.00 |
1 :1 |
360 |
450 |
1 |
6.67 |
450 |
0.73 |
450.00 |
1 : 1 |
450 |
19,980 |
3 |
20.00 |
59,940 |
97.08 |
19980.00 |
1 :1 |
59,940 |
B. Allocation to Retail Individual Investors (Including ASBA Applications) (After
Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or
at the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE.
The category was over subscribed 1.7010 times. The spill over portion
from Employee Category to the extent of 48,391 equity shares has been
added to this category, The total number of shares allotted in this category is
3,058,440 (49 Excess Shares were allotted in this category for Rounding Off.)
Equity Shares to 6,567 successful applicants. The category-wise details
of the Basis of Allocation are as under.
Category |
No. of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
90 |
1,882 |
25.78 |
169,380 |
3.26 |
90.00 |
61:100 |
1149 |
180 |
797 |
10.92 |
143,460 |
2.76 |
105.00 |
1 :1 |
797 |
270 |
361 |
4.95 |
97,470 |
1.87 |
158.00 |
1:1 |
361 |
360 |
265 |
3.63 |
95,400 |
1.83 |
211.00 |
1 :1 |
265 |
450 |
136 |
1.86 |
61,200 |
1.18 |
264.00 |
1 :1 |
136 |
540 |
75 |
1.03 |
40,500 |
0.78 |
317.00 |
1 : 1 |
75 |
630 |
172 |
2.36 |
108,360 |
2.08 |
370.00 |
1 :1 |
172 |
720 |
72 |
0.99 |
51,840 |
1.00 |
423.00 |
1 :1 |
72 |
810 |
12 |
0.16 |
9,720 |
0.19 |
476.00 |
1 : 1 |
12 |
900 |
34 |
0.47 |
30,600 |
0.59 |
529.00 |
1 :1 |
34 |
990 |
23 |
0.32 |
22,770 |
0.44 |
582.00 |
1 :1 |
23 |
1,080 |
8 |
0.11 |
8,640 |
0.17 |
634.00 |
1 :1 |
8 |
1,170 |
3 |
0.04 |
3,510 |
0.07 |
687.00 |
1 :1 |
3 |
1,260 |
3,460 |
47.40 |
4,359,600 |
83.80 |
740.00 |
1 :1 |
3460 |
C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non Institutional Investors, who have bid at cut-off or at
the Issue Price of Rs.75/- per Equity Share, was finalized in consultation with BSE. The
category was over subscribed 1.7903 times. As per the Red Herring Prospectus, the
spill over portion from Employee Category to the extent of 20,739 equity
shares has been added to the Non Institutional Investors category. The total number of
shares allotted in this category is 1,310,739 Equity Shares to 100
successful applicants. The category-wise details of the Basis of Allocation (sample) are
as under:
Category |
No. of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
1,350 |
2 |
2.00 |
2,700 |
0.12 |
754.00 |
1 :1 |
1508 |
1,800 |
5 |
5.00 |
9,000 |
0.38 |
1,005.00 |
1 :1 |
5025 |
2,520 |
2 |
2.00 |
5,040 |
0.21 |
1,408.00 |
1 :1 |
2816 |
2,700 |
25 |
25.00 |
67,500 |
2.88 |
1,508.00 |
1 :1 |
37,700 |
4,050 |
1 |
1.00 |
4050 |
0.17 |
2,262.00 |
1 :1 |
2,262 |
4,500 |
11 |
11.00 |
49,500 |
2.11 |
2,514,00 |
1 :1 |
27,654 |
9,270 |
12 |
12.00 |
111,240 |
4.74 |
5,178.00 |
1 :1 |
62,136 |
11,700 |
5 |
5.00 |
58,500 |
2.49 |
6,535.00 |
1 :1 |
32,675 |
12,600 |
2 |
2.00 |
25,200 |
1.07 |
7,038.00 |
1 :1 |
14,076 |
27,000 |
2 |
2.00 |
54,000 |
2.30 |
15,082.00 |
1 :1 |
30,164 |
33,300 |
1 |
1.00 |
33,300 |
1.42 |
18,601.00 |
1 :1 |
18,601 |
46,800 |
1 |
1.00 |
46,800 |
1.99 |
26,141.00 |
1 :1 |
26,141 |
66,600 |
2 |
2.00 |
133,200 |
5.68 |
37,201.00 |
1 :1 |
74,402 |
85,050 |
1 |
1.00 |
85,050 |
3.62 |
47,507.00 |
1 :1 |
47,507 |
133,290 |
1 |
1.00 |
133,290 |
5.68 |
74,453.00 |
1 :1 |
74,453 |
266,400 |
1 |
1.00 |
266,400 |
11.35 |
148,805.00 |
1 :1 |
148,805 |
799,920 |
1 |
1.00 |
799,920 |
34.09 |
446,819.00 |
1 :1 |
446,819 |
D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per
the SEBt regulations, No Mutual Funds applications were received in the issue, so the
entire portion of QIB Reservation of 4,369,130 Shares (Including Spill over from
Employee Category of to the extent of 69,130 Shares) was allotted to other QIBs on
proportionate basis.
Flls |
Fls/Banks |
MFs |
VCs |
Total |
4,369,130 |
Nil |
Nil |
Nil |
4,369,130 |
The Board of Directors of the company at its Meeting held at Mumbai on October 07,2009
has approved the basis of allocation 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 allocated to successful applicants have been 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 the National Stock Exchange of India Limited and Bombay Stock Exchange Limited
within seven working days from the date of approval of the basis of allocation i.e. on or
before October 16, 2009.
INVESTORS PLEASE NOTE
This 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
C -13, Pannalal Silk Mills Compound,
LB.S Marg, Bhandup (West), Mumbai - 400078
Email:eml.ipoŠlinkintime.co.in
Place: Mumbai
Date : October 10, 2009 |
For Euro Multivision Limited
Sd/-
Sunil Nemani
Compliance Officer |
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 EURO MULTIVISION
LIMITED. |