|Basis of Allotment|
|This is only an advertisement
for information purpose and not a prospectus announcement.
GYSCOAL ALLOYS LIMITED
The Company was originally incorporated as Shreenath Mineral Metal Private Limited on September 29,1999 under the Companies Act, 1956 as a private limited company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The name of the Company was changed to Gyscoal Alloys Private Limited and a fresh certificate of incorporation consequent to the change of name was granted by Registrar of Companies, Gujarat on June 21,2004. The Company subsequently became a public limited Company and the name of the Company was changed to Gyscoal Alloys Limited and the fresh certificate of incorporation was granted to the Company on March 21,2006 by the Registrar of Companies, Gujarat. For details of the change in the name of our Company and registered office, see "History and Certain Corporate Matters" on page 81. Company Incorporation Number (CIN) of the Company is U27209GJ1999PLC036656
Regd. Office: 2nd Floor, Mrudul Tower, B/h. Times of India, Ashram Road,
Ahmedabad - 380009,
PROMOTERS: MR. VIRAL M. SHAH, MR. MANISH M. SHAH, MR. ZANKARSINH K. SOLANKI,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 77,00,000 EQUITY SHARES OF Rs.10 EACH FOR CASH AT A PRICE OF Rs. 71 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 61 PER EQUITY SHARE) AGGREGATING Rs. 5467 LACS BY GYSCOAL ALLOYS LIMITED ('COMPANY' OR 'ISSUER' OR 'GAL') (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE WOULD CONSTITUTE 48.65% 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
The Issue is being made through the 100% Book Building Process wherein up to 50% of the Issue 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 proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, at least 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Issue shall be availablefor allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 19,249 applications for 65,722,320 equity shares resulting in 8.5354 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor are as under: (Before technical rejections)
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on October 21,2010.
A. Allocation to Retail Individual Investors (After Technical Rejections)
(Including ASBA Applications)
B. Allocation to Non Institutional Investors (After Technical Rejections)
(Including ASBA Applications)
C. Allocation to QIBs
The Board of Directors of the company at its Meeting held on October 22,2010 has taken on record the basis of allocation of shares approved by the designated Stock Exchange viz., Bombay Stock Exchange Limited, Mumbai, of the Offer and has authorized the Corporate Action for the transfer of the shares to various successful applicants. The CAN-cum-Refund Orders along with allotment advice and notices have been dispatched to the address of the bidders as registered with the depositories on October 23, 2010. The instructions to Self Certified Syndicate Banks ("SCSBs") for unblocking and transfer of funds have been sent on October 22,2010. In case the same is not received, bidders may contact at the address given below. The equity shares allocated to successful applicants are credited to their beneficiary accounts on October 22,2010 and October 23,2010 subject to validation of the account details with the depositories concerned. The Company will file its Listing application with Bombay Stock Exchange Limited (the "Designated Stock Exchange") and the National Stock Exchange of India Limited ("NSE") on October 25,2010 and is taking steps to get the Equity Shares admitted for trading on these Exchanges w.e.f. October 27,2010.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrars to the offer quoting full name of the First/ Sole applicant, Serial number of the bid-cum- application form, number of shares bid for, name of me Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:
Link Intime India Private 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 GYSCO ALALLOYS LIMITED