|Basis of Allotment|
(This is only an advertisement for information purposes and not a Prospectus Announcement)
Shilpi Cable Technologies Limited
(Incorporated as 'Rosenberger Shilpi Cable Technologies Limited' at New Delhi on July 09, 2006 under the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana. On October 21, 2008 the name of the Company was changed to 'Shilpi Cable Technologies Limited. For further detaits, please refer to the sections titled "General Information''on page 10 of the Prospectus).
Registered Office: A-19/B-1 Extension, Mohan Cooperative Industrial Estate, P.O. Badarpur, Mathura Road, New Delhi-110044, Tel.:+91-11- 43117900, 43117901; Fax: +91-11- 43117922, Contact Person: Sunita Gaur, Company Secretary and Compliance Officer; E-mail: firstname.lastname@example.org; Website: www.shilpicables.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 8,098,762* EQUITY SHARES OF Rs. 10/- EACH OF SHILPI CABLE TECHNOLOGIES LIMITED ("SCTL" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 69/- PER FULLY PAID UP EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 59/- PER EQUITY SHARE) AGGREGATING Rs. 5587.72 LACS ("THE ISSUE"). THE ISSUE WILL CONSTITUTE 25.07% OF THE POST ISSUE PAID UP CAPITAL.
"Due to rounding off, Six Hundred and Seventeen only (617) additional equity shares have been allotted to Retail Individual Bidders and Non Institutional Bidders as approved by the Board of Directors of the Company in their meeting held on April 01, 2011.
BID OPENED ON MARCH 22, 2011, CLOSED ON MARCH 25, 2011
The Issue was made in accordance with Rule 19(2)(b)(l) of the SCRR, as amended and under the SEBI Regulations, where the offer was made through the 100% Book Building Process vherein at least 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIB) Bidders. 5% 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% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% 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. If at least 50% of the Issue cannot be allotted to QIBs, then the entire application money shall be refunded forthwith.
122 applications for 115340 Equity Shares were not found valid due to technical rejections, with drawls and non-bidding.
Final Demand: A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:
The Basis of Allocation was finalized in consultation with the Designated Stock
Exchange, being the Bombay Stock Exchange Limited ("BSE") on 01.04.2011.
B. Allocation to Non Institutional Investors (After Technical Rejections) including
C. Allocation to QIBs Including ASBA Applications
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. There were Nil subscription from Mutual Fund accordingly all the shares available for allotment to QIBs were allocated to QIBs as per details given under:-
Further bifurcation of QIB category for the shares allotted are as under:-
The Board of Directors of the company at its Meeting held on 01.04.2011 has allotted the shares to various successful applicants as per basis of allotment approved by BSE. The CAN-cum-Refund Orders and allotment advice and notices will be dispatched to the address of the bidders as registered with the depositories on or prior to 26.03.2011 (the date Registrar taken Data from Depositories). Further the instructions to SCSBs have been dispatched on 02.04.2011. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful bidders are being credited to their beneficiary accounts subjecrto validation of the account details with the depositories concerned.
Commencement of Trading: The Company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited w.e.f. 8th April, 2011.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Financial & Computer Services (P) Limited at www.beetalfinancial.com. All future correspondence in this regard may kindly be addressed to the Registrar to the issue quoting full name of the First/ Sole bidder, Serial number of the bid-cum-application 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:
BEETAL Financial & Computer Services (P) 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 SHILPI CABLE TECHNOLOGIES LIMITED.
Shilpi Cable Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a Prospectus with the Registrar of Companies, National Capital Territory of Delhi and Haryana, the securities and Exchange Board of India ("SEBI") and relevant stock exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in. as well as on website of the Book Running Lead Manager ("BRLM") at www.dnafinserv.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled 'Risk Factors' of the Prospectus for details of the same.
This advertisement is not for publication or distribution, directly or indirectly, in or into the United States. This advertisement is not an offer of securities for sale in the United States. The 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 law 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 Regulations S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U. S. Securities Act and applicable U.S. State securities laws"