|Basis of Allotment|
THANGAMAYIL JEWELLERY LIMITED
(Incorproated as a Private Limited Company on March 24, 2000 under the Companies Act, 1956 as Ttiangamayil Jewellery Private Limited vide Certificate of Incorporation issued by the Registrar of Companies, Tamilnadu, Chennai. The Name of the Company was changed to Thangamayil Jewellery Limited upon conversion into Public limited Company with effect from November 20, 2007 and a fresh Certificate of Incorporation has been obtained from Registrar of Companies, Tamil Nadu, Chennai.)
Registered Office: 124, Nethaji Road, Madurai 625 001. Tel: +91-0452-2345553,
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 38,33,667 EQUITY SHARES OF Rs. 10/- EACH OF THANGAMAYIL JEWELLERY LIMITED ("TMJL" OR THE 'COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 75.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 65.00 PER EQUITY SHARE) AGGREGATING TO Rs. 2875.25 LACS (THE "ISSUE"). UPTO 1,20,000 EQUITY SHARES AGGREGATING TO RS. 90.00 LACS WILL BE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES ("THE EMPLOYEES RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERED TO AS THE "NET ISSUE". THE ISSUE WILL CONSTITUTE 27.94 % 0F THE POST ISSUE PAID UP CAPITAL OF THE COMPANY. THE NET ISSUE TO PUBLIC WILL CONSTITUTE 27.07 % OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 75.00 PER EQUITY SHARE OF FACE VALUE RS. 10/- EACH. THE ISSUE PRICE IS 7.5 TIMES THE FACE VALUE
The Issue was being made through the 100% Book Building Process wherein upto 50 % of
the Issue will be avilable for allocation on a proportionate Basis to Qualified
Institutional Buyers (" QIBs"). out of which 5% shall be available for
allocation on a proportionate basis to Mutual Funds only. The remainder shall be available
for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to
valid bids being received from them at or above the Issue Price. Further, not less than
15% of the Issue will be available for allocation on a proportionate basis to
Non-Institutional Bidders and not less than 35% of the Issue will be available for
allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids
being received at or above the Issue Price.
* This includes 753 aplications aggregating to17,41,380 equity shares wtiich were applied through ASBA.
Final Demand : A summary of the final demand at different bid prices is as under:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on February 9,2010. Details of valid applications received and allotments are as under.
A Allotment to Eligible Employees (After technical rejection) (include ASBA Application)
The Basis of Allotment to the Employees, who have bid at cut-off or at the issue Price of Rs.75/- per Equity Snare, was finalized in consultation with BSE. The category was subscribed 0.706 times. The unsubscribed shares of Employee Reservation portion i.e. 35,280 equity shares has been added to the Non Institutional Investor (5,57,050) category. This includes 10 applications aggregating to 9,200 equity shares through ASBA. The total number of shares allotted in this category is 84,720 Equity Shares to 99 successful applicants The category-wise details ot the Basis of Altocattori are as under:
B. Allotment to the Retail Individual Investor. (After technical rejection) (include ASBA Application)
The Basis of Allotment 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 subscribed 0.885 times. 740 applications for 2,18,240 Equity Sriare were made under the ASBA process, The unsubscribed portion of Retail Individual Investors Category ie 1,49,223 equity shares has been added to the Non lnstflultonal investor (5,57,050) category. The total number of shares allotad in this category is 1,150,560 Equity States to 2847 successful applicants. The category wise details of the Basis ot allocattcn are as under.
C. Allotment to QIBs (After Technical Rejection)
The Basis of Allotment to the QIBs, who have bid at the Issue Price of Rs. 75/- per Equity Share, was finalized In consultation with BSE. As per SEBI (ICDR) Regulations, 2009 Mutual Funds were to be alloted 5% of the quantum of shares available i.e. 92,842. However there were no applications from Mutual Funds. The category was subscribed 0.556 times. 2 applications for 10,33,280 Equity Share were made, Un-subscrlbed portion of QIB Category i.e. 823,554 equity shares has been added to the Non Institutional Investors (5,57,050) category. The total number ol shares allotted in this category is 10,33,280 Equity Shares. The cateqory-wise details of the Basis of Allocation are as under:
D. Allotment to Non Institutional investors (After Technical Rejections) (includes ASBA applications)
The Basis of Allotment to the Non Institutional Investors, who have bid at the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE on a proportionate basts. The category-was over subscribed 1.084 times. The total number of shares allotted in this category is 15,65,107 Equity Shares to 15 successful applicants including the spill over portion from Employees Category to the extent of 35,280 equity shares, from QIB Category to the extent of 823,554 equity shares and from Retail Category to the extent of 149,233 equity shares. The category-wise details of the Basis of Allotment are under:
The Board of Directors of the Company at Its Meeting held at the
Registered Office of the Company at Madural on February 09, 2010 has approved the basis of
allotment of the Equity Shares of the Issue and the alloted the Equity Shares to various
S.K.D.C. CONSULTANTS 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 THANGAMAYIL JEWELLERY LIMITED.