|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(This is only an advertisement for information purpose not for publication or distribution, directly or Indirectly outside India, and not a prospectus announcement)
TAKSHEEL SOLUTIONS LIMITED
(The Company was originally incorporated as IBSS Techno-Park Private Limited on September 23,1999 with the Registrar of Companies, Andhra Pradesh, Hyderabad Under the Companies Act, 1956. Name of the Company was subsequently changed to Taksheel Solutions Private Limited on November 29,2006 and the Company was converted into a Public Limited Company on December 06,2006. Consequent on its conversion, the Registrar of Companies, Andhra Pradesh, Hyderabad has issued a fresh certificate of Incorporation dated December 28,2006. The Company's CIN is: U72200AP1999PLC032556). (For details of change in the name and the Registered office, refer to the chapter titled "History and other Corporate Matters" beginning on page 106 of the Prospectus)
Registered Office: Lanco Hills Technology Park Private Limited (SEZ), Survey No. 201, Manikonda Village, Rajendra Nagar Mandal, Hyderabad - 500 089, Andhra Pradesh, India; Tel:+91 -40-40215915/17; Fax: +91-40-40215916; Website: www.taksheel.com; Email: email@example.com, Contact Perton: Mr. Ankit Oas - Company Secretary and Compliance Officer.
Promoters of'the Company: MR. PAVAN KUMAR KUCHANA, MR. RAMASWAMY KUCHANA AND LEXICON PRIVATE LIMITED
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 55,00,000 EQUITY SHARES OF RS 10/- EACH OF TAKSHEEL SOLUTIONS LIMITED (THE "COMPANY" OR "OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 150/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 140/- PER EQUITY SHARE) AGGREGATING TO RS 8250 LAKHS ("THE ISSUE"). THE ISSUE WILL CONSTITUTE 25.17% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.
BID/ISSUE OPENED ON SEPTMEMBER 29,2011 & CLOSED ON OCTOBER 04,2011. ISSUE PRICE: RS 150/- PER EQUITY SHARE OF FACE VALUE OF RS 10/- EACH. THE ISSUE PRICE IS 15 TIMES OF THE FACE VALUE.
The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on October 18,2011
The Issue was made through the 100% Book Building Process wherein up to 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% of QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds. The balance shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid bids received from them 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.
The Issue received 10289 applications for 16212645 Equity shares resulting in 2.95 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being The Bombay Stock Exchange Limited ("BSE") on October 12,2011 The Board of Directors of the Company at its Meeting held at Hyderabad, on October 13, 2011 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)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 150/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 3.434 times. As per the Prospectus, the spill over portion from QIB Category was 14,58,328 Equity Shares. The total number of equity shares allotted in this category is 33,83,328 Equity Shares to 9873 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non Institutional Investors (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 150/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.607 times. As per the Prospectus, the spill over portion from QIB Category was 6,24,997 equity shares. The total number of equity shares allotted In this category is 14,49,997 to 48 successful applicants. All the applicants in this category have been given firm allotment. The category-wise details of the Basis of Allotment are as under:
C. Allotment to QlBs (After Technical Rejections)
Dates of dispatch of Refund Orders. Credit to beneficiary Accounts. Refund instructions and Listino details
The Board of Directors of the Company at it's Meeting held on October 13,2011 has taken on record the basis of allocation of shares approved by the Designated Stock Exchange viz., Bombay Stock Exchange Limited ("BSE"), Mumbai, and has authorized the Corporate Action forthe transfer of the shares to various successful applicants. Refunds have been made through NECS and Direct credit, 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. The company is taking steps to get the Equity shares admitted for trading on BSE and NSE.
Note: All capitalized terms used and not defined herein shall have the
respective meaning assigned to them in the Prospectus dated October 10,2011
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:
BIGSHARE SERVICES 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 TAKSHEEL SOLUTIONS LIMITED.
Disclaimer: Taksheel Solutions Limited (the Issuer Company") is proposing, subject to market conditions and other considerations, a Public Issue of its Equity shares and has filed the Prospectus with the Registrar of Companies, Andhra Pradesh, Hyderabad. The Prospectus is available on the website of Securities and Exchange Board of India (SEBI) at www.sebi.gov.in and the website of the Book Running Lead Manager: PNB Investment Services Limited at www.pnbisl.com and the Issuer Company, Taksheel Solutions Limited at www.taksheel.com. Any potential investor should note that investment in equity shares involves a high degree of risk. For details, see the section titled "Risk Factors" beginning on page no. xvi of the Prospectus.
This advertisement is not an offer of securities for sale in the United States or elsewhere. This advertisement may not be published or distributed 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 laws 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 Regulation 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. 360degree pr