|Basis of Allotment|
|D B REALTY
Our Company was originally incorporated as a public limited company with
the name D B Realty Limited, into the Companies Act 1956 on
January 8,2007 and received a certificate of (commencement of business on February 28,
2007. Our Company was converted to a Private company and the name was changed to D B
Reality Private Limited, pursuant to a shareholders resolutian dated May 14, 2007. The
Registrar of Companies, Mumbai has issued a fresh certificate of incorporation consequent
to the conversion on July 9, 2007. Subsequently by a shareholders resolution dated
September 5, 2009 , our company has been reconverted into a public limited company and
received a fresh certificate of incorporation on September 23, 2009.
Registered Office and Corporate Office: DB House, Gen. A.K.
Vaidya Marg, Goregaon (East),
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 32,051,282 EQUITY SHARES OF FACE VALUE OF RS.10 EACH ("EQUITY SHARES') OF D B REALTY LIMITED (THE "COMPANY" OR THE "ISSUER') FOR CASH AT A PRICE OF RS. 468 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 458 PER EQUITY SHARE), AGGREGATING UPTO RS. 15,000 MILLION ("THE ISSUE'). THE ISSUE SHALL CONSTITUTE 13.18% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY.
BID/ISSUE OPENED ON JANUARY 29, 2010, CLOSED ON FEBRUARY 02, 2010
Pursuant to Rule 19(2)(b) of the Securities Contract Regulation Rules, 1957 ("SCRR"), this being an Issue for less than 25% of the post Issue share capital, the Issue is being made through the Book Building Process wherein at least 60% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs").Provided that, the Company may. allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor issue Price on a discretionary basis, out of which at least one-third will be available for allocation to Mutual funds only. In the event of under-subscripbon in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. 5% of the Net QIB Portion 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 QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. In addition, in accordance with Rule 19(2) (b) of the SCRR, a minimum of two million securities are being offered to the public and the size of the Issue shall aggregate to at least Rs.1,000 million. Further, not less than 10% of the Issue shall be available for allocation on a proportnnate basis to Non-lnstitutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price.
The Company has allocated 55,55,298 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.468 in accordance with the SEBI Regulations.
The Issue received 22,311 applications for 8,43,03,484 equity shares resulting in 2.63 times subscription after technical rejection. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor are as under (Before technical rejections)
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being BSE on February 15,2010.
A. Allocation to Retail Individual Investors including ASBA Bidders (After Technical
B. Allocation to Non Institutional Investors including ASBA Bidders (After technical
C. Allocation to QIBs
D. Allocation to Anchor Investors
The IPO committee of the Board of Directors of the Company at Its meeting held at Mumbai on February 16, 2010 has approved the basis ol allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the Investors as registered with the depositories on February 17, 2010. In case the same Is not received within ten days, Investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, If any, with the depositories. The shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has taken steps to get the Equity Shares admitted for trading on BSE and NSE within seven working days from the date of approval of the basis of allocation. The Company has filed the listing application on February 16, 2010 and the trading Is expected to commence on February 24, 2010. Further, the instructions to Self Certified Syndicate Banks have been given on Feb 15, 2010.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them In the prospectus dated February 05, 2010 ("Prospectus"). For any material updates & risk factors, please refer to prospectus dated February 05, 2010 filed with the Registrar of Companies.
INVESTORS PLEASE NOTE
Details of the allocation made would be hosted on the website of Registrar to the Issue, Link Intime India Private Limited it http://www.linkintime.co.in
All future correspondence In this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-applicatlon form, number of shares bid for, name of the 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF D B REALTY LIMITED.