| This
is only an advertisement for information purposes and not a prospectus announcement
ACROPETAL TECHNOLOGIES LIMITED
INNOVATING A BETTER WORLD
Our Company was incorporated on April 25,2001 as a public limited company under the
Companies Act, 1956 and obtained Certificate of Commencement of Business on May
02,2001. The Corporate Identification Number of our Company is U72900KA2001PLC028944.Registered
Office: #2/10,3rd floor, Ajay Plaza, 1st Main, N.S. Palya, Bannerghatta Road,
Bangalore - 560 076, Karnataka, India. Tel No : + 91-80-4155 9501/02; Fax No: +
91-80-2678 9553;
E-mail: ipo@acropetal.com; Website: www.acropetal.com; Contact Person: Mr. Jamili
Jalaiah, Compliance Officer. Promoter: Mr. D. Ravi Kumar.
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 1,88,88,889 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 90 PER
EQUITY SHARE (INCLUDING A PREMIUM OF RS. 80 PER EQUITY SHARE) FOR CASH AGGREGATING RS.
17,000 LACS (THE "ISSUE"), BY ACROPETAL TECHNOLOGIES LIMITED (THE
"COMPANY" OR THE "ISSUER"). THE ISSUE WILL CONSTITUTE 48.57% OF THE
FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE NET ISSUE TO PUBLIC WILL
CONSTITUTE 48.57% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
BID/ISSUE: OPENED ON FEBRUARY 21,2011, CLOSED ON FEBRUARY 24,2011
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited ("BSE") and The National Stock Exchange of India ("NSE").
ISSUE PRICE: RS. 90/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH
THE ISSUE PRICE IS 9 TIMES OF THE FACE VALUE
This Issue was made through a 100% Book Building Process wherein not more than 50% of
the Net Issue was available for allocation on a proportionate basis to Qualified
Institutional Buyers ("QIBs"), subject to valid bids being received at or above
the issue price. Further, not less than 15% of the Net Issue was available for allocation
on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net
Issue was 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 5,616 applications for 2,23,92,300 equity shares resulting in
1.19 times subscription. The details of the applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional and Retail Individual Investor categories (Before
technical rejections) are as under:
| Category |
No. of Applications |
No. of Shares |
No. of times Subscription |
| Qualified Institutional Investors |
5 |
1,06,58,520 |
1.13 |
| Non Institutional Investors |
28 |
36,89,460 |
1.30 |
| Retail Individual Investors |
5,583 |
80,44,320 |
1.22 |
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:
| Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
| 88 |
2,62,020 |
1.04 |
262020 |
1.038 |
| 89 |
2,280 |
0.01 |
264300 |
1.047 |
| 90 |
1,73,24,280 |
68.64 |
17588580 |
69.690 |
| CUTOFF |
76,49,700 |
30.31 |
25238280 |
100.00 |
| Total |
2,52,38,280 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the
Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on
March 04,2011. The Board of Directors of the Company at its Meeting held at
Bangalore, on March 06,2011 has taken on record the Basis of Allotment of Equity Shares
approved by BSE and has allotted the Equity Shares to the successful
applicants. Details of valid applications received and allotments done are as under:
A. Allotment to Retail Individual Investors (After Technical Rejections) including
ASBA Applications
The Basis of Allotment to the Retail Individual Investors, who bid at cut-off or at the
Issue Price of Rs. 90/- per Equity Share, was finalized in consultation with BSE. The
category was over subscribed 1.20 times. The total number of equity shares
allotted in this category is 6611520 Equity Shares to 5,495 successful applicants.
The category-wise details of the Basis of Allotment are as under:
| Category |
No. of
Applns. |
% to
total |
Total No. of
Shares applied |
% to
total |
No. of
Shares allotted |
Ratio |
Total No. of
Shares allotted |
| 60 |
524 |
9.536 |
31,440 |
0.393 |
60 |
5:6 |
26,220 |
| 120 |
253 |
4.604 |
30,360 |
0.380 |
99 |
1:1 |
25,047 |
| 180 |
121 |
2.202 |
21,780 |
0.272 |
149 |
1:1 |
18,029 |
| 240 |
71 |
1.292 |
17,040 |
0.213 |
198 |
1:1 |
14,058 |
| 300 |
83 |
1.510 |
24,900 |
0.311 |
248 |
1:1 |
20,584 |
| 360 |
23 |
0.419 |
8,280 |
0.104 |
298 |
1:1 |
6,854 |
| 420 |
16 |
0.291 |
6,720 |
0.084 |
347 |
1:1 |
5,552 |
| 480 |
14 |
0.255 |
6,720 |
0.084 |
397 |
1:1 |
5,558 |
| 540 |
35 |
0.637 |
18,900 |
0.236 |
446 |
1:1 |
15,610 |
| 600 |
42 |
0.764 |
25,200 |
0.315 |
496 |
1:1 |
20,832 |
| 660 |
5 |
0.091 |
3,300 |
0.041 |
546 |
1:1 |
2,730 |
| 720 |
5 |
0.091 |
3,600 |
0.045 |
595 |
1:1 |
2,975 |
| 780 |
3 |
0.055 |
2,340 |
0.029 |
645 |
1:1 |
1,935 |
| 840 |
5 |
0.091 |
4,200 |
0.053 |
694 |
1:1 |
3,470 |
| 900 |
2 |
0.036 |
1,800 |
0.023 |
744 |
1:1 |
1,488 |
| 960 |
6 |
0.109 |
5,760 |
0.072 |
794 |
1:1 |
4,764 |
| 1020 |
13 |
0.237 |
13,260 |
0.166 |
843 |
1:1 |
10,959 |
| 1080 |
1,465 |
26.661 |
15,82,200 |
19.783 |
893 |
1:1 |
13,08,245 |
| 1140 |
12 |
0.218 |
13,680 |
0.171 |
942 |
1:1 |
11,304 |
| 1200 |
10 |
0.182 |
12,000 |
0.150 |
992 |
1:1 |
9,920 |
| 1320 |
1 |
0.018 |
1,320 |
0.017 |
1091 |
1:1 |
1,091 |
| 1440 |
3 |
0.055 |
4,320 |
0.054 |
1190 |
1:1 |
3,570 |
| 1500 |
6 |
0.109 |
9,000 |
0.113 |
1240 |
1:1 |
7,440 |
| 1560 |
1 |
0.018 |
1,560 |
0.020 |
1289 |
1:1 |
1,289 |
| 1620 |
13 |
0.237 |
21,060 |
0.263 |
1339 |
1:1 |
17,407 |
| 1680 |
1 |
0.018 |
1,680 |
0.021 |
1389 |
1:1 |
1,389 |
| 1740 |
2 |
0.036 |
3,480 |
0.044 |
1439 |
1:1 |
2,878 |
| 1800 |
3 |
0.055 |
5,400 |
0.068 |
1488 |
1:1 |
4,464 |
| 1860 |
3 |
0.055 |
5,580 |
0.070 |
1537 |
1:1 |
4,611 |
| 1980 |
2 |
0.036 |
3,960 |
0.050 |
1637 |
1:1 |
3,274 |
| 2040 |
1 |
0.018 |
2,040 |
0.026 |
1686 |
1:1 |
1,686 |
| 2100 |
2 |
0.036 |
4,200 |
0.053 |
1736 |
1:1 |
3,472 |
| 2160 |
32 |
0.582 |
69,120 |
0.864 |
1785 |
1:1 |
57,120 |
| 2220 |
2,717 |
49.445 |
60,31,740 |
75.416 |
1835 |
1:1 |
49,85,695 |
B. Allotment to Non Institutional Investors (After Technical
Rejections) including ASBA Applications
The basis of allotment to Non Institutional Investors, who bid at the Issue Price of Rs.
90/- per Equity Share, was finalized in consultation with BSE. The category was over
subscribed 1.30 times.
The total number of equity shares allotted in this category is 28,34,394 Equity Shares to
28 successful applicants. All the applicants in this category have been given firm
allotment on proportionate basis inverse to the oversubscription ratio.
C. Allotment to QIBs (After Technical Rejections) including ASBA Applications
The Basis of Allotment to QIBs was done on a proportionate basis in consultation with BSE.
No Mutual Funds applications were received in the issue. The total number of equity shares
allotted in this category is 94,44,444 Equity Shares to 5 successful applicants.
| Category |
Flls |
Others |
Total |
| No. of Shares |
9,44,44,444 |
- |
9,44,44,444 |
Dates of dispatch of Refund Orders, Credit to beneficiary Accounts,
Refund instructions and Listing details
| Activity |
Date of Completion |
| Approval of Basis of Allotment by BSE |
March04,2011 |
| Instructions to the Self Certified Syndicate Banks (SCSBs) by the
registrar |
March 05,2011 |
| Dispatch of Allotment Advices, Refund Orders and ECS Intimation Note |
March 07,2011 |
| Refund Instructions to the Clearing System (in case of Refunds through
ECS system) |
March07,2011 |
| Listing Application to BSE & NSE |
March 07,2011 |
| Credit to beneficiary Accounts |
March07,2011 |
| Listing and Trading of equity shares on BSE and NSE |
March 10,2011 |
Refunds have been made through NECS, 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 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 shares allocated to successful
applicants are being credited to their beneficiary accounts subject to validation of the
account details with the depositories concerned.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the Prospectus dated February 25,2011 ("Prospectus")
filed with the Registrar of Companies, Karnataka, India.
INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the
Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.com
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 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:
Sharex Dynamic (India) Private Limited
SEBI Registration No: INR000002102
Unit 1, Luthra Industrial Premises, Andheri Kuria Road, Safed Pool, Andheri (East), Mumbai
- 400 072.
Tel No: +91 22 91 22 2851 5606. Fax No: +91 22 2851 2885, Email: atl.ipo@sharexindia.com,
Contact Person: Mr. B.S. Baliga
Place: Bangalore
Date: March 8,2011 |
For ACROPETAL TECHNOLOGIES LIMITED
Sd/-
D.RAVI KUMAR
(Chairman & Managing Director) |
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 ACROPETALTECHNOLOGIES
LIMITED. |