|Basis of Allotment|
|This is only advertisement for
information purposes and not a prospectus announcement.
TD Power Systems Limited
Our Company was originally incorporated as TD Power Systems Private Limited on April 16,1999 as a private limited company under the Companies Act, in Bangalore, Kamataka, India. The name of our Company was subsequently changed to TD Power Systems Limited by a special resolution of the members passed at an extraordinary general meeting of our Company on January 17,2011. The fresh certificate of incorporation consequent upon change of name was granted to our Company on February 4,2011 by the Registrar of Companies, Karnataka.
Registered Office: #27,28,29 KIADB Industrial Area Dabaspet, Nelamangala Taluk, Bangalore 562111, Karnataka, India; Company Secretary and Compliance Officer: N. Srivatsa; Tel: (91) (80) 22017800; Fax: (91) (80) 22017850; Email: firstname.lastname@example.org; Website: www.tdps.co.in.
For details of changes in our name and registered office see the section titled "History and Corporate Structure" on page 132 of the Prospectus.
PROMOTERS: NIKHIL KUMAR, HITOSHI MATSUO, MOHIB N. KHERICHA AND SAPHIRE FINMAN SERVICES PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 8,867,187 EQUITY SHARES WITH A FACE VALUE OF RS 10 EACH OF TD POWER SYSTEMS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 256 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 246 PER EQUITY SHARE) AGGREGATING RS 2,270 MILLION (THE "ISSUE"). THE ISSUE WILL CONSTITUTE 26.68 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
BID/ISSUE OPENED ON AUGUST 24, 2011 AND CLOSED ON AUGUST 26,
ISSUE PRICE: RS 256/- PER EQUITY SHARE FOR ALL CATEGORIES
This is an Issue for at least 25.00% of the post-Issue capital in accordance with Rule 19(2)(b)(i) of the Securities Contracts Regulations Rules, 1957, as amended ("SCRR"). The Issue is being made through the 100.00% Book Building Process wherein up to 50.00% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). The Company may allocate up to 30% of the QIB Portion, to Anchor Investors, on a discretionary basis (the "Anchor Investor Portion") out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which allocation is being made to Anchor Investors. 5.00% of the QIB Portion (excluding Anchor Investor 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 QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15.00% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35.00% of the Issue 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.
The Issue received 4,406 applications for 24,116,350 equity shares resulting in 2.72 times subscription. The details of the applications (including ASBA applications) received in the Issue from Qualified Institutional Buyers and Anchor Investors, Non-Institutional and Retail Individual Investor are as detailed hereunder: (before technical rejections)
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being Bombay Stock Exchange Limited ("BSE") on September 05,2011.
A. Allocation to Retail Individual Investors (After Technical Rejections)
B. Allocation to Non Institutional Investors (AfterTechnical Rejections)
C. Allocation to QIBs - Anchor Investors
D. Allocation to QIBs
The IPO Committee of the Company at it's Meeting held on September 06, 2011, has taken on record the basis of allocation of shares approved by the designated Stock Exchange viz., Bombay Stock Exchange Limited ("BSE"), Mumbai, and has authorized the Corporate Action for the transfer of the shares to various successful applicants.
Refunds have been made through ECS, Direct Credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten working 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 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 Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within 12 working days from the date of closure of the issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 29, 2011 ("Prospectus")
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 Website: www.linkintime.co.in
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 the Member of the Syndicate, 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, L. B. S. Marg, Bhandup (West), Mumbai 400 078,
The Company has filed its Prospectus dated August 29,2011 with the Registrar of Companies, Karnataka, in relation to the Issue (the" Prospectus"). All capitalized terms used in this notice shall, unless the context otherwise requires, have the meanings ascribed in the Prospectus. Investors may please note that the following disclosures supplement the disclosures in the Prospectus. In the disclosure on page 61 of the Prospectus underthe chapter titled "Capital Structure" in paragraph "Details of pre-lssue Equity Share capital locked-in for one year" the statement "Accordingly, 6,647,520 Equity Shares representing approximately 20.00% of the post-Issue paid-up share capital of our Company, will be locked in for a period of one year from the date of Allotment of the Equity Shares in the Issue" is to be read as "Accordingly, 17,722,881 Equity Shares will be locked in for a period of one year from the date of Allotment of the Equity Shares in the Issue."
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 TD POWER SYSTEMS LIMITED.
"The Equity Shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" of the Prospectus. The equity shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S), except pursuant to an exemption form, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. State securities laws."