D.S.KULKARNI
DEVELOPERS LIMITED
(Incorporated on September 20, 1991 under the Companies Act, 1956)
Registered & head office: DSK House, 1187/60, J.M.
Road, Shivajinagar, Pune-411 005. Tel: (020) 5604 7100, Fax:
(020) 2553 5772
Contact person: Mr. Ashish Boradkar(cpmpliance Officer) Email:
compostieissue@deskdi.com; Website:www.deskdi.com
BASIS OF ALLOTMENT
1. Rights Issue 55,000 Equity Shares of Rs. 10/- each (being a part of Compsite
Issue of 1,10, 00,000 equity shares) for cash at a premium of Rs. 100 per Equity Shares
(i.e., at a price of Rs. 110 per share) aggregating Rs. 60.50 crore (Rupees Sixty Crore
and Fifty Lacs only) to the existing Equity Shareholders of the Company in the ratio of
One (1) Equity share for every Two (2) Equity Shares held as on 21st March, 2006 (Record
Date). The face value of the equity share is Rs. 10 and the Issue price is 11 times the
face value.
1. Public Issue of 55,00,000 Equity Shares of Rs. 10/- each for cash at a price of Rs.
275/- per equity share aggregating Rs. 151.23 crore (Rupees One Hundred Fifty One Crore
and Twenty Five Lacs only). The Public Issue comprises Promoters Contirbution of 6,40,155
Equity Shares, a reservation for Employee of 1,10,000 Equity Shares and a net offer to the
public of 47,49,845 Equity Shares of Rs. 10/- each (the "Net offer"). The
Composite Issue will constitute 50% of the fully diluted post-Issue paid up capital of the
company.
The Public Issue is made through the 100% Book Building Process wherein upto 50% of the
Net Offer to the Public shall be allocated on a proportionate basis to Qualified
Institutional Buyers, out of which 5% of the QIB Portion shall be available for allocation
on a proportinate basis to Mutual Funds only, and the remaining QIB Portinon shall be
available for allocation on a proportionate basis to all Qualified Istitutional Buyers.
including Mutual Funds, subject to valid Bids being received at or above Issue Price.
Further, at least 15% of the Net Offer to the Public shall be available for allocation on
proportionate basis to Non-Institutional Bidders and at least 35% of the public shall be
available for allocation on a proportionate basis to Retail individual Bidders, subject to
valid Bids being received at or above the Issue Price. Further, upto 1,10,000 Equity
Shares shall be available for allocation to the Employees, subject to valid Bids being
received at or above the Issue Price.
RIGHTS ISSUE-BASIS OF ALLOCATION
Applicants (1) |
Number of valid
applications received
(2) |
Entitled shares
applied
(3) |
Shares
allotted
(4) |
Additional
shares applied
(5) |
Additional
shares allotted
(6) |
Total shares
allotted
(7) |
Shareholders |
3836 |
2260825 |
2260825 |
652091 |
187557 |
2448382 |
Renouncees |
521 |
3051618 |
3051618 |
34103 |
- |
9051618 |
Total |
4357 |
5312443 |
5312443 |
686184 |
187557 |
5500000 |
On 16.05.2006, the Committee of Directors, constituted by the Board of Directors, has
approved the Basis of Allotment and allotted the said 55,00,000 Equity Shares.
As per the Basis of Allotment, stated in the Letter of Offer, Equity shares were allotted
in full to the Shareholders and Renouncees against applications towards their entitlement.
As stated in the Letter of Offer, allotment to Shareholders against applications towards
additional shares has been made considering the shares held by Shareholders on 21.03.2006
(Record Date) and the basis of allotment to shareholders who have applied for additional
shares was finalized in consultation with BSE, the designated Stock Exchange.
Allotment-cum-Refund Orders have been dispatched tithe allottees on 17.05.2006 and
Equity Shares in electronic mode were credited to the respective demat accounts on
16.05.2006.
Applications for listing of the said Equity Shares have been made on 16.05.2006 at the
Bombay Stock Exchange Limited, National Stock Exchange of India Limited.
PUBLIC ISSUE-BASIS OF ALLOCATION
The Issue received 180018 valid applications for 162931495 shares resulting in the
Issue being over subscribed by 29.62 times.
Category |
No. of Valid Applications |
No. of Show |
subscription (times) |
Qualified Institutional Buyers |
156 |
112972920 |
47.57 |
Non Institutional Investors |
563 |
18702500 |
2825 |
Retail Investors |
179264 |
30501300 |
18.35 |
Employees |
13 |
114620 |
1.04 |
promoters |
2 |
640155 |
1.00 |
PUBLIC ISSUE-FINAL DEMAND
A sample of the final demand at diferent bid prices is as under:
Bid Price |
Demand |
% to Total |
Cumulative Total |
Cumulative % to total |
250 |
37900 |
0.02 |
163878200 |
100.00 |
251 |
180 |
0.00 |
163840300 |
99.98 |
252 |
260 |
0.00 |
163840120 |
99.98 |
253 |
60 |
0.00 |
163839860 |
99.98 |
255 |
5380 |
0.00 |
163839780 |
99.98 |
256 |
40 |
0.00 |
163834400 |
99.97 |
257 |
380 |
0.00 |
163834360 |
99.97 |
258 |
20 |
0.00 |
163833980 |
99.97 |
260 |
25100 |
0.02 |
163833960 |
99.97 |
261 |
20 |
0.00 |
163808860 |
99.96 |
262 |
380 |
0.00 |
163808640 |
99.96 |
263 |
2580 |
0.00 |
163806460 |
99.96 |
264 |
80 |
0.00 |
163805880 |
99.96 |
265 |
24600 |
0.02 |
163805800 |
99.96 |
266 |
20 |
0.00 |
163781200 |
99.94 |
267 |
240 |
0.00 |
163761180 |
99.94 |
268 |
340 |
0.00 |
163780940 |
99.94 |
269 |
40 |
0.00 |
163780600 |
99.94 |
270 |
10980 |
0.01 |
163780560 |
99.94 |
271 |
40 |
0.00 |
163769580 |
99.93 |
272 |
120 |
0.00 |
163769540 |
99.93 |
273 |
400 |
0.00 |
163769420 |
99.93 |
274 |
240 |
0.00 |
163769020 |
99.93 |
275 |
132801180 |
81.04 |
163768780 |
99.93 |
9999 |
30967600 |
18.90 |
30967600 |
18.90 |
Total |
163878200 |
100.00 |
|
A) Allocation to Retail Investors
The Basis of Allocation to Retail investors who have bid at cut-off or at and above the
issue Price of Rs.275/- per Equty . Share was finalized In consultation withBSE.The
category was over subscribed 18.35 times.The total number of share allotted In this
category is 1663020 Equity Shares. A sample of the category-wise details of the Basis of
Allocation is as alongside.
Category
Retail |
No. of
Applicants |
% toTotal |
Total No. of
Shares applied |
% to
Total |
No. of Shares
allotted per
Applicant |
Ratio |
Total No. of
Shares allotted |
20 |
14583 |
8.12 |
291260 |
0.95 |
20 |
3:55 |
15880 |
40 |
16053 |
8.95 |
642120 |
211 |
20 |
6:55 |
35020 |
60 |
10029 |
5.59 |
601740 |
1.97 |
20 |
9:55 |
32820 |
80 |
7395 |
4.13 |
591600 |
1.94 |
20 |
12::55 |
32260 |
100 |
19465 |
10.86 |
1946500 |
6.38 |
20 |
3:11 |
106180 |
120 |
5386 |
3 |
646320 |
212 |
20 |
18:55 |
35260 |
140 |
3571 |
1.99 |
499940 |
1.64 |
20 |
13:34 |
27300 |
160 |
5875 |
3.28 |
940000 |
3.08 |
20 |
7:16 |
51400 |
180 |
53178 |
29.66 |
9572040 |
31.38 |
20 |
26:53 |
521740 |
200 |
3945 |
22 |
789000 |
2.59 |
20 |
6:11 |
43040 |
220 |
627 |
0.35 |
137940 |
0.45 |
20 |
3:5 |
7520 |
240 |
674 |
0.38 |
161760 |
0.53 |
20 |
21:32 |
8840 |
260 |
450 |
0.25 |
117000 |
0.38 |
20 |
22:31 |
6380 |
280 |
330 |
0.18 |
92400 |
0.3 |
20 |
29:38 |
5040 |
300 |
1286 |
0.71 |
378800 |
1.25 |
20 |
9:11 |
20720 |
320 |
450 |
0.25 |
144000 |
0.47 |
20 |
7:08 |
7860 |
340 |
732 |
0.41 |
248880 |
0.82 |
20 |
13:14 |
13580 |
360 |
35275 |
19.68 |
12699000 |
41.63 |
20 |
52:53 |
692180 |
B) A11ocation to Non-Institutional Investors
The Basis of Allocation to the Non-institutional investors, who have bid at cut-off or at
and above the Issue Price of Rs.275/- per Equity Share, was finalized in consultation with
BSE. The category was subscribed 26.25 times. The total number of shares allotted in this
category is 712910 Equity Shares. A sample of the category-wise details of the Basis of
Allocation is as under:
Category |
No. of
Applicants |
% to
Total |
Total No. of
Sham applied |
% to
Total |
No. of Sham allotted per
Applicant |
Ratio |
Total No. of
Sham allocated |
380 |
32 |
5.49 |
12160 |
0.07 |
20 |
FIRM |
640 |
400 |
44 |
7.55 |
17600 |
0.09 |
20 |
FIRM |
880 |
1000 |
28 |
4.80 |
28000 |
0.15 |
38 |
FIRM |
1064 |
2000 |
20 |
3.43 |
40000 |
0.21 |
76 |
FIRM |
1520 |
2500 |
7 |
1.20 |
17500 |
0.09 |
95 |
FIRM |
665 |
4000 |
13 |
2.23 |
52000 |
028 |
152 |
FIRM |
1976 |
10000 |
7 |
1.20 |
70000 |
0.37 |
381 |
FIRM |
2667 |
100000 |
6 |
1.03 |
600000 |
3.21 |
3810 |
FIRM |
22860 |
1545460 |
1 |
0.17 |
1545460 |
8.26 |
58875 |
FIRM |
58875 |
Due to rounding off of allocation of shares to (A) and (B) categories as per basis
approved by BSE, there is a spill over of 1008 shares resulting in issue of additional
1008 shares to the allottees.
C) Allocation to Employees:
The Basis of Allocation to the Employees category, who have bid at cut-off or at the Issue
Price of Rs.275/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed to the extent of 1.04 times. The total number of Equity Shares allotted in
this category is 110000 Equity Shares.
All the applicants have been given firm allotment on proportionate basis as per the
basis of allotment finalised in consultation with BSE
D) Allocation QIBs
The Basis of Allocation to QIB, was finalized in consultation with BSE. The category was
subscribed to the extent of 47.57 times. The total number of Equity Shares allotted in
this category is 2374923 Equity Shares.
The Committee of Directors of the Company has approved the Basis of Allocation on
16.05.2006 and has allotted shares to various successful applicants.
The Refund Orders have been dispatched on 17.052006 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 We below. The Refund Orders have been printed with
the Bank Mandate details as registered, if any, with the depositories. The shares allotted
to sucessful applicants have been credited to their beneficiary accounts subject to
validation of the account details with the depositories concerned. D.S. Kularni Developers
Ltd. has obtained listing approval from Bombay stock Exchange Limited and National Stock
Exchange Limited.
INVESTORS PLEASE NOTE
This details of the allocation made are being hosted on the website of
Registrars to the issue, sharepro Services(india) Pvt. Ltd. at www.shareproservices.com.
All the future correspondence in this regard may kindly be addressed to the Registrars
to the issue, whose address is furnished below, 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.
BOOK-RUNNING LEAD MANAGERS |
REGISTRARS TO THE ISSUE |
A.K. Captial Services Ltd 135-136 Free press House,
13th Floor free press Journal Marg,
215, Nariman Point, Mumbai-400 021 Tel: (022) 5634 9300
fax: (022) 5636 0977
Email: diskissue@akgrouponline.com
Website: www.akcapindia.com
Contact Person: Mr. Sumit Arora |
Indian Overseas Bank Merchant Banking Division
763, Anna Salai,
Chennai-600 002
Tel: (044) 2851 9448; 2851 9548
Fax: (044) 2852 2747
Email :ksk@iobnet.co.in
website: www.iob.com
Contact person: Mr. Submit Arora |
Sharepro services(india) Pvt. Ltd. Satam Estate, 3rd
Floor,
cardinal Gracious Road, Chakala,
Anderi (e), Mumbai - 400 099
Tel: (022) 281 5168;
Fax:(022) 28375646 Email:subodh@shareproservices.com
website: www.sahreproservices.com
Contact Person: Mr.Subodh Adarkar |
Place : Mumbai
Daten :May19,2006 |
for D.S.KULKARNI DEVELOPERS LIMITED
On behalf of the Board of Directors
sd/-
D.S.Kulkarni
Chairman and managing Director |
|