|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for information purpose not for publication or distribution, directly or indirectly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)
Tree House Education & Accessories Limited
Our Company was originally incorporated as a private limited company on July 10, 2006
under the name of Tree House Education & Accessories Private Limited. Thereafter,
pursuant to a shareholders resolution, our Company became a public limited company and a
fresh certificate of incorporation was granted to our Company on December 22, 2010 by the
Registrar of Companies, Mumbai. For further details in this regard, see section titled
"History and Certain Corporate Matters" at page 112 of the Prospectus.
PROMOTERS OF OUR COMPANY: MR. RAJESH BHATIA AND MRS. GEETA BHATIA
BASIS OF ALLOTMENT
PUBLIC ISSUE OF UPTO 8,432,189 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF TREE HOUSE EDUCATION & ACCESSORIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 135 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 125 PER EQUITY SHARE, AGGREGATING UPTO Rs. 1,120.64 MILLION* (THE "ISSUE"). THE ISSUE SHALL CONSTITUTE 25.01% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF OUR COMPANY.
* including a discount of Rs. 6 per Equity Share on the Issue Price offered by our Company to the Retail Individual Bidders ("Retail Discount").
THE FACE VALUE OF EACH EQUITY SHARE IS Rs. 10 EACH. THE ISSUE PRICE IS 13.5 TIMES OF THE FACE VALUE
BID/ISSUE PROGRAMME: OPENED ON AUGUST 10, 2011 CLOSED ON AUGUST 12, 2011
#Subject to receipt of listing and trading approval from the Stock Exchanges.
The Issue is being made through the Book Building Process in accordance with Rule 19(2)(b)(i) of the Securities Contracts Regulation Rules, 1957, as amended ("SCRR") read with Regulation 26(2) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), wherein at least 50% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Provided that, our 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 Net 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 50% of the Issue cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. 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 from them at or above the Issue Price (net of Retail Discount). Specific attention is invited to section titled "Issue Procedure" at page 234 of the Prospectus.
Our Company has allotted 1,264,828 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.135 in accordance with the SEBI Regulations.
The Issue received 9,573 applications for 14,511,080 Equity Shares resulting in 1.7209 times subscription. The details of the applications received in the Issue from Retail Individual Investors, Non-Institutional Investors, Qualified Institutional Buyers and Anchor Investors are as under: (Before technical rejections)
The Basis of Allocation was finalized in consultation with the BSE on August 22, 2011.
A. Allocation to Retail Individual Investors (After Technical Rejections)
B. Allocation to Non Institutional Investors (After Technical Rejections)
C. Allocation to QIBs (Excluding Anchor Investor Portion)
D. Allocation to Anchor Investors
The IPO Committee of the Company at its meeting held on August 23, 2011, has taken on record the Basis of Allocation of Equity Shares approved by the designated Stock Exchange viz., BSE and has authorized the corporate action for the transfer of the Equtiy Shares to various successful applicants. The CAN-cum-Refund Orders and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instruction to the SCSBs has been dispatched on August 23, 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 account details as registered, if any, with the depositories. The Equity Shares Allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. These details of the allocation made would be hosted on the website of Registrar 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 Registrar 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TREE HOUSE EDUCATION & ACCESSORIES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus dated August 18, 2011 (the "Prospectus")