|Basis of Allotment|
|(This is only an advertisement for
information purpose not for publication or distribution, directly or indirectly outside
India, and not a prospectus announcement)
CAREER POINT INFOSYSTEMS LIMITED
Our Company was incorporated as public limited company on March
31, 2000, under the Companies Act, 1956. We received certificate of commencement of
business issued by, Registrar of Companies, Jaipur on April 11, 2000. For details of
change in the registered office of our Company, please see section titled 'History and
Certain Corporate Matters' at page 134 of the Prospectus.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 3,712,822 EQUITY SHARE OF FACE VALUE OF RS. 10 EACH OF CAREER POINT INFOSYSTEMS LIMITED (THE "COMPANY' OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 310* PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.300 PER EQUITY SHARE), AGGREGATING UP TO RS.1,150 MILLION ("THE ISSUE") THE ISSUE INCLUDES A RESERVATION OF UPTO 65,000 EQUITY SHARES OF RS. 10 EACH FOR THE ELIGIBLE EMPLOYEES(THE "EMPLOYEE RESERVATION PORTION"), THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE". THE ISSUE SHALL CONSTITUTE 20.48% OF THE FULLY DILUTED POST - ISSUE PAID-UP CAPITAL OF OUR COMPANY:
*Based on Eligible Employee Discount, the Issue Price for Eligible Employees is Rs. 295 per Equity Share
THE COMPANY HAS ALLOTTED 656,040 EQUITY SHARES TO ANCHOR INVESTORS AT RS. 310 PER EQUITY SHARE IN ACCORDANCE WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED ("SEBI REGULATIONS").
THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 310 AND IT IS 31 TIMES THE FACE VALUE.
ELIGIBLE EMPLOYEES, WHOSE BID AMOUNT DOES NOT EXCEED RS. 100,000 WILL BE GIVEN A DISCOUNT OF RS. 15 PER EQUITY SHARE TO THE ISSUE PRICE ("ELIGIBLE EMPLOYEE DISCOUNT"). HOWEVER, THEY SHALL BID WITHIN THE PRICE BAND AND THEIR BID AMOUNT SHALL BE COMPUTED AND MUST BE DEPOSITED WITHOUT FACTORING IN THE ELIGIBLE EMPLOYEE DISCOUNT.
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 Net 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 Allocation Price on a discretionary basis, out of which at least one-third will be available for allocation to Mutual Funds only ("Anchor Investor Portion"). In the event of under-subscription in the Anchor Investor Portion, the balance Equity Shares shall be added to the 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 Net 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 Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Net 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. Further, upto 65,000 Equity Shares shall be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue Price.
The Issue received 160,583 applications for 153,132,820 Equity Shares resulting in 41.2443 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor, Anchor Investors and Employee categories are as under: (Before technical rejections) (including ASBA Applications).
* Excludes one anchor application not considered on account of funds being received late by the escrow collection bank.
The final demand at different bid prices as per the BSE and NSE as on the Bid/Issue closing date is as under:
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on October 1, 2010.
A. Employees (After Technical Rejections) (including ASBA applications)
B. Allocation to Retail Individual Investors (After Technical Rejections) (Including
C. Allocation to Non Institutional Investors (After Technical Rejections) (including
D. Allocation to QIBs (including ASBA applications)
E. Allocation to Anchor Investors
The Company allotted 656,040 Equity Shares to 10 Anchor Investors in consultation with
the Book Running Lead Managers.
The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on October 4, 2010. Further, the instruction to Self Certified Syndicate Banks (SCSBs) has been dispatched on October 1, 2010. 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 Account details as registered, if any, with the depositories. The Equity Shares allocated 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 on October 6, 2010.
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 Issue quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of Equity 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 SHARE ON LISTING OR THE BUSINESS PROSPECTS OF CAREER POINT INFOSYSTEMS LIMITED.