|Basis of Allotment|
(This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for publication or distribution, directly or indirectly outside India. All the Capitalized terms used and not specifically defined here shall have the same meaning as ascribed to them in the Prospectus dated December 28,2015 ("Prospectus")
NARAYANA HRUDAYALAYA LIMITED
Our Company was incorporated as Narayana Hridayalaya Private Limited on July 19,2000 at Bengaluru, Kamataka as a private limited company under the Companies Act, 1956 and was subsequently renamed as Narayana Hrudayalaya Private Limited on January 11,2008. Our Company was converted into a public limited company and the name of our Company was changed to Narayana Hrudayalaya Limited. A fresh certificate of incorporation consequent upon conversion to public limited company was issued on August 29, 2015. For details regarding change in the name and Registered Office of our Company, see section "History and Certain Corporate Matters" on page 144 of the Prospectus.
Registered Office: No. 258/A, Bommasandra Industrial Area, Anekal Taluk, Bengaluru 562158, Karnataka, India. Corporate Office: 2nd Floor, No. 261/A, Bommasandra Industrial Area, Hosur Road, Bengaluru 562158, Karnataka, India. Contact Person: Ashish Kumar, Company Secretary and Compliance Officer; Tel: +9180 7122 2802; Fax: +9180 7122 2611; Email: email@example.com; Website: www.narayanahealth.org; Corporate Identification Number: U85110KA2000PLC027497.
BASIS OF ALLOTMENT
The Equity Shares 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 or about January 06, 2016.
OUR PROMOTERS: DR. DEVI PRASAD SHETTY AND SHAKUNTALA SHETTY.
OFFER PRICE : RS 250 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
Please note that the Anchor Investor Offer Price is rs 250 per Equity Share.
BID/OFFER PERIOD*: OPENED ON THURSDAY, DECEMBER 17,2015;
*The Anchor Investor Bid/Offer Period was one working day prior to the Bid/Offer Opening Date i.e. Wednesday, December 16,2015
In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR"), this is an Offer for at least 10% of the post-Offer paid-up Equity Share capital of ourCompany. The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue- of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI ICDR Regulations"), through the Book Building Process wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), provided that our Company and the Selling Shareholders have allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available forallocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, may participate in this Offer through an Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks ("SCSBs"). QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in this Offer. For details, see section "Offer Procedure" on page 479 of Prospectus.
The Offer received 192,087 applications for 156,458,940 Equity Shares (prior to technical rejections) resulting in 6.38 times subscription. The details of the applications received in the Offer from various categories are as under: (before technical rejections):
A summary of the final demand as per the BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on December 31,2015.
A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBAApplications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 250 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.82 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 8,583,154 Equity Shares to 143,052 successful applicants. The category-wise details of the Basis of Allotment are as under:
B. Allotment to Non-Institutional Bidders(After Technical Rejections)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs 250 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 3.564186 times. The total number of Equity Shares Allotted in this category is 3,678,495 Equity Shares to 166 successful applicants. The category-wise details of the Basis of Allotment are as under:
C. Allotment toQIBs (excluding Anchor lnvestors)
Allotment to QIBs, who have Bid at the Offer Price of Rs 250 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 24.4255 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were Allotted 245,233 of the Equity Shares of Net QIB portion available i.e. 4,904,660 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 4,659,427 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB category is 4,904,660 Equity Shares, which were allotted to 66 successful Applicants. The category-wise details of the Basis of Allotment are as under:
D. Allotment to Anchor Investors
The Company and Selling Shareholders have allotted 7,356,988 Equity Shares to 15 Anchor Investors, in consultation with the BRLMs. In accordance with the SEBI Regulations, this represents 60% of the QIB Portion.
The IPO Committee of our Company at its meeting held on January 01,2016 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice have been dispatched to the address of the investors as registered with the depositories on January 04, 2016. Further, instructions to the SCSBs have been dispatched/mailed on December 31,2015. In case the same is not received within ten days, investors may contact the Registrar to the Offer 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 the successful allottees have been uploaded on January 04,2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 12 working days of the closure of the Offer. Our Company filed the listing application on January 04,2016. The Equity Shares are proposed to be listed on BSE and NSE and the trading is expected to commence on or about January 06,2016.
INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Offer, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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, place where the bid was submitted and payment details at the address given below:
Karvy Computershare Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING ORTHE BUSINESS PROSPECTS OF NARAYANA HRUDAYALAYA LIMITED NARAYANA HRUDAYALAYALIMITED