|Basis of Allotment|
This is only an advertisement for information purposes and not a prospectus announcement.
BS TransComm Limited
(We were originally incorporated as BS Steels and Minerals Private Limited on
January 7,2004. The name of our Company was changed to BS TransComm Private Limited
pursuant to a fresh certificate of incorporation dated January 24,2008. Our Company was
converted into a public limited company and the name of our Ccmpany was changed to BS
TransComm Limited pursuant to a fresh certificate of incorporation dated February 7,2008.
For details of incorporation, changes of name and changes in registered office of our
Company, please refer to the section titled "History and Certain Corporate
Matters" beginning on page 114 of the Prospectus.)
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 76,79,410 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 248
PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 238 PER EQUITY SHARE) AGGREGATING TO
RS. 19,044.94 LAKHS ("THE ISSUE") BY BS TRANSCOMM LIMITED, "OUR
COMPANY" OR "THE ISSUER". THE ISSUE WILL CONSTITUTE 35.10% OF THE FULLY
DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
AA Summary of final demand as per BSE and NSE as on the bid issue closing date at diferent bids is as details here under
Basis of Allotment was finalized with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE') on October 22,2010.
A. Allotment to Retail Individual Bidders (Including Applications Supported by Blocked Amount ("ASBA")) (After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price-of Rs.248/- per Equity Share, was finalized In consultation with BSE. This category has been subscribed to the extent of 0.819 times and hence allotment was done on full and firm basis to all valid applicants. There were 3,207 applications for 4,39,825 equity shares made under ASBA process. Of these 3,119 applications for 4,34,475 equity shares were found valid and they were considered for allotment on full and firm basis. The total number of shares allotted in Retail Individual Bidder category is 22,02,800 Equity Shares which were allotted to 10,158 successful applicants.
B. Allotment to Non Institutional Bidders (After Technical Rejections)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.248/- per Equity Share, was finalized In consultation with BSE. This category has been subscribed to the extent of 1.00 times and hence allotment was done on full and firm basis to all valid applicants. There were 4 applications for 15,900 equity shares made under ASBA process. Of these 4 applications for 15,900 equity shares were found valid and they were considered for allotment on full and firm basis. The total number of shares allotted in Non Institutional Bidders category is 34,98,610 Equity Shares which were allotted to 39 successful applicants.
C. Allotment to QIBs
The Basis of Allotment to the Qualified Institutional Bidders, who have bid at the Issue price of Rs.248/- per Equity Share was finalized on the price priority basis. Overall 2 applications for 19,78,000 Equity Shares were found valid and the quantum of shares allotted to this category Is 19,78,000. The summary of allotment is as under:
The Board of Directors of the Company at its Meeting held at Hyderabad on October 22,2010 has approved the basis of allotment of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to
the address of the Bidders, as registered with the depositories on or prior to October
25,2010. Further, the Instructions to Self Certified Syndicate Banks have been
dispatched/mailed on or prior to October 22,2010. In case the same Is not received within
10 days, Investors may contact at the address given below. The Refund Orders have been
over-printed with the Bank Account'details as registered, If any, with the depositories.
The Equity 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
the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within
twelve working days from the Bid/Issue Closing Date.
Karvy Computersharo Private Limited
TOLL FREE - HELPLINE NUMBER
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF BSTRANSCOMM LIMITED.