Basis of Allotment

New Page 1

(This is only an advertisement for information purpose and not a prospectus announcement)

Tara Jewels Limited

Our Company was incorporated as a private limited company underthe Companies Act, 1956 by the name "Tara Ultimo Private Limited" on March 16,2001. Consequent to the merger of Tara Jewels Export Private Limited and T Two lnternational Private Limited with our Company, as approved by the Bombay High Court by its order dated January 23,2009, and resolution of our shareholders, the name of our Company was changed to "Tara Jewels Private Limited" and a fresh certificate of incorporation was granted by the Registrar of Companies, Mumbai ("RoC") on March 25,2009. Subsequently, the name of our Company was changed to "Tara Jewels Limited" and our Company was converted into a public limited company and a fresh certificate of incorporation consequent to change of name was granted on September 23,2010 by the RoC. For further details in this regard, see section titled "History and Certain Corporate Matters" at page 128 of the Prospectus.
Registered Office: Plot No. 122,15th Road, Near IDBI Bank, MIDC, Andheri (East) Mumbai - 400 093, India. Telephone: +9122 6641 7777; Facsimile: +91 22 66417712. Corporate Office: Plot No. 29(P) & 30(P), Sub Plot A, SEEPZ, SEZ, Andheri (East) Mumbai-400 096, India. Telephone: +9122 6677 4444; Facsimile: +9122 6677 4464; Contact Person and Compliance Officer: Mr. Amol Raje; Telephone: +9122 6677 4461; Facsimile: +91 22 6677 4464; E-mail: investor.care@tarajewels.co.in; Websites: www.tarajewels.in and www.tarajewellers.in

PROMOTER OF OUR COMPANY: MR. RAJEEV SHETH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 7,804,347 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF TARA JEWELS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 230 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 220 PER EQUITY SHARE, AGGREGATING TO RS. 1,795 MILLION 'THE "ISSUE") COMPRISING OF A FRESH ISSUE OF 4,760,869 EQUITY SHARES BY OUR COMPANY AGGREGATING TO RS. 1,095 MILLION '("FRESH ISSUE") AND AN OFFER FOR SALE OF 3,043,478 EQUITY SHARES BY FABRIKANT H.K. TRADING LIMITED ("SELLING SHAREHOLDER") AGGREGATING TO RS. 700 MILLION' ("OFFER FOR SALE"). THE ISSUE INCLUDES A RESERVATION OF UP T01 % OF THE ISSUE SIZE CONSTITUTING 78,043 * EQUITY SHARES FOR THE ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE SHALL CONSTITUTE 31.78 % AND 31.46% OF THE POST-ISSUE PAID UP CAPITAL AND 31.13% AND 30.82% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF OUR COMPANY, RESPECTIVELY.

*Based on actual allotment # The under subscription in the Employee Reservation Portion of 68,093Equity Shares was added back to the Net Issue
BID/ISSUE OPENED ON NOVEMBER 21,2012 AND CLOSED ON NOVEMBER 23,2012

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.THE ISSUE PRICE IS RS. 230 AND IS 23 TIMES THE FACE VALUE OF THE EQUITY SHARES.
The Equity Shares of the Company are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on December 6,2012.

The Issue is being made through the Book Building Process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), wherein not more than 50% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Company may, in consultation with the Book Running Lead Managers, 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 domestic Mutual Funds only. In the event of under-subscriptjon or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 135,210 Equity Shares, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the Net QIB Portion and allocated proportionately to QIBs in proportion to their Bids. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders in accordance with SEBI Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, up to 1 % of the Issue size, constituting 78,043 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. All Investors other than Anchor Investors may participate in this Issue though the ASBA process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Specific attention is invited to section titled "Issue Procedure" at page 346 of the Prospectus.
The Issue received 9,969 applicatons for 14,625,650 Equity Shares resulting in 1.874 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional Bidders, Retail Individual Bidders, Anchor Investors and Eligible Emplovees as under: (before technical rejections)

Category No. of Applications No. of Equity Shares No. of times subscription
A Retail Individual Bidders 9,885 5,574,900 2.0616
B Non Institutional Bidders 33 3,668,950 3.1658
C QIBs [excluding Anchor Investors] 8 4,146,750 1.5334
D Eligible Employees 33 10,850 0.1390
E Anchor Investors 2 1,224,200 1.0563
Total 9,969 14,625,650

Final Demand
The final demand at different bid prices is as under:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to total
225 33,200 0245 33,200 0245
226 1,150 0.008 34,350 0254
227 23,750 0.175 58,100 0.429
228 1,250 0.009 59,350 0.438
229 650 0.005 60,000 0.443
230 8,042,550 59.356 8,102,550 59.799
Cut Off 5,447,150 40.201 13,549,700 100.000
TOTAL 13,549,700 100,000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on November 30,2012.

A. Allotment to Eligible Employees (after technical rejections)
The Basis of Allotmentto the Eligible Employees, who have Bid at cut-off or at the Issue Price of Rs. 230/- per Equity Share was finalized in consultation with BSE. This category has been under subscribed to the extent of 0.127 times. The total number of shares allotted in this category is 9,950 Equity Shares to 36 successful Bidders. The under subscription in the Employee Reservation Portion of 68.093 Equity Shares was added back to the Net Issue. The category-wise details of the Basis of Allotment is as under:

Category No. of
Applns.
% to
total
Total No. of Equity
Shares applied
% to
total
No. of Equity
Shares allotted
Ratio Total No. of Equity
Shares allotted
50 12 3333 600 6.03 50 1:1 600
100 7 19.44 700 7.04 100 1:1 700
200 6 1667 1,200 12.06 200 1:1 1200
250 2 556 500 5.03 250 1:1 500
400 1 2.78 400 4.02 400 1:1 400
600 1 2.78 600 6.03 600 1:1 600
850 7 19.44 5,950 59.8 850 1:1 5,950

B. Allotmentto Retail Individual Bidders (after technical rejections)
The Basis of Allotment to the Retail Individual Bidders, who have Bid at cut-off or atthe Issue Price of Rs. 230/- per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 2.035 times. The total number of Equity Shares allotted in Retail Portion is 2,728,040 Equity Shares to 9,746 successful Bidders. The category-wise details of the Basis of Allotment are as under:

Category No. of Applns. Total No.of Equity Shares Applied Minimum Bid lot Allotment Balance Equity Shares applied % to total No. of Equity Shares allotted Ratio Total No. of Equity Shares allotted
50 1,649 82,450 82,450 0 0 50 1:1 82,450
100 698 69,800 34,900 34,900 0.69 72 1:1 50,256
150 162 24,300 8,100 16,200 0.32 94 1:1 15,228
200 365 73,000 18,250 54,750 1.08 116 1:1 42,340
250 101 25,250 5,050 20,200 0.4 138 1:1 13,938
300 61 18,300 3,050 15,250 0.3 161 1:1 9321
350 38 13,300 1,900 11,400 0.23 183 1:1 6,954
400 526 210,400 26,300 184,100 3.63 205 1:1 107,830
450 337 151,650 16,850 134,800 2.66 227 1:1 76,499
500 106 53,000 5,300 47,700 0.94 249 1:1 26394
550 15 8250 750 7500 0.15 271 1:1 4,065
600 14 8,400 700 7,700 0.15 293 1:1 4,102
650 23 14,950 1,150 13,800 0.27 315 1:1 7245
700 11 7,700 550 7,150 0.14 338 1:1 3,718
750 15 11,250 750 10,500 0.21 360 1:1 5,400
800 18 14,400 900 13,500 0.27 382 1:1 6376
850 5,607 4,765,950 280,350 4,485,600 88.56 408 1:1 2,259,621
850 1 35:37 5303

C. Allotment to Non Institutional Bidders (after technical rejections)
The Basis of Allotmentto the Non-Institutional Investors, who have Bid at the Issue Price of Rs. 230/- per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 3.138 times. The total number of Equity Shares allotted in this category is 1,169,159 Equity Shares to 36 successful Bidders. The category-wise details of the Basis of Allotment are as (Sample) under:

Category No. of Applns. % to total Total No. of Equity Shares applied % to total No. of Equity Shares allotted Rang Total No. of Equity Shares allotted
1,200 1 278 1,200 0.03 382 1:1 382
1,600 1 278 1,600 0.04 510 1:1 510
4,300 1 278 4,300 0.12 1,370 1:1 1,370
5,200 1 278 5,200 0.14 1,657 1:1 1,657
6,550 1 278 6,550 0.18 2,087 1:1 2,087
10,000 1 278 10,000 0.27 3,187 1:1 3,187
17,400 1 278 17,400 0.47 5,545 1:1 5,545
21,700 1 278 21,700 0.59 6,915 1:1 6,915
30,000 2 556 60,000 1.64 9,560 1:1 19,120
42,500 1 278 42,500 1.16 13,543 1:1 13,543
50,000 2 556 100,000 2.73 15,933 1:1 31,866
70,200 1 278 70,200 1.91 22,370 1:1 22,370
86,950 1 278 86,950 2.37 27,708 1:1 27,708
180,000 1 278 180,000 4.91 57,359 1:1 57,359
245,000 1 278 245,000 6.68 78,073 1:1 78,073
450,000 2 556 900,000 24.53 143,398 1:1 286,796
551,000 1 278 551,000 15.02 175,584 1:1 175,584

D. Allotment to QIBs
Allotmentto QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were initially allotted 5% of Equity Shares available (136,912 Equity Shares), including spill over from Employee Reservation Portion to the extent of 1,702 Equity Shares and other QIBs were allotted the remaining available Equity Shares (2,601,341 Equity Shares) on proportionate basis, includina soill over from Employee Reservation Portion to the extent of 32.344 Equity Shares.

Category Banks FIIs MFs Total
No of Equity Shares 648,740 1,277,044 812,469 2,738,253

E. Allotment to Anchor Investors
Allotmentto Anchor Investors has been done on a proportionate basis in consultation with BRLMs. As per the SEBI regulations, 30% of QIB Portion (1,158,945 Equity Shares) was allotted to Anchor Investors.

Category RIs Total
No of Equity Shares 1,158,945 1,158,945

The Board of Directors of the Company at it's meeting held on December 01,2012, has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, of the Issue and has allotted the shares based on the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz., BSE Limited ("BSE"), Mumbai, to various successful applicants and has authorized the corporate action for the Allotment of the Equity Shares to various successful Bidders. The CAN-cum-Refund Orders and/ or notices have been dispatched to the address of the investors as registered with the Depositories. Instructions to SCSBs to unblock the refund amount to investors have been released. In case the same is not received within ten days, investors may contact atthe address given below. The Demand Draft have been over-printed with the bank account details as registered, if any, with the Depositories. The Equity Shares allotted to successful Bidders are being credited to their beneficiary accounts subject to validation of the account details with the Depositories concerned.

INVESTORS PLEASE NOTE
These details of the allottment made would be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at: www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrarto 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
C-13, Pannala Silk Mills Compound, L.B.S. Marg, Bhandup(West) Mumbai 400078.
Tel.: +9122 2596 7878, Fax: +9122 2596 0329, Email ID: tjl.ipo@linkintime.co.in

Place : Mumbai
Date : December 04,2012
For Tara Jewels Limited
Mr. Amol Raje
Company Secretary & Compliance Officer

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 TARA JEWELS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated November 26,2012 filed with Registrar of Companies, Mumbai.
This material is not an offer of securities for sale in the United States or elsewhere. The Equity Shares of the Company are not being registered underthe Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold within the United States, 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. There will be no public offering of the Equity Shares of the Company in the United States. This material may not be published or distributed in the United States.

Close