ERA CONSTRUCTIONS (INDIA)
LIMITED
[Originally incorporated as Era Constructions (India) Private Limited on September 03,1990
with Registrar of companies, NCT of Delhi & Haryana at New Delhi. Subsequenly, on
October 19,1992, the Company was converted into a Public Limited Company and name of the
Company was changed to Era Constructons (India) Limited.)
Registered Office : 370-371/2, Sahi Hospital Road, Jangpura, Bhogal, New
Delhi - 110 014.
Tel: 91-11-2437 0068 (10 lines); Fax: 91-11-2437 8784; Contact Person: Ms. Gunjan Singh;
Website: www.eraconstructions.com; E-mail: eragroup@eraconstructions.com
Public Issue of 68,33,580 Equlty Shares of Re. 10/- each for Cash
at a Premium of Rs. 62/- per Equity Share aggregating Re. 4,920.18 Lacs. The Face Value of
the Equity Shares is Rs.10/- per Equity Share and the Issue Price of Re. 72/- per Equity
Share is 7.2 times of the Face Value.
BASIS OF ALLOTMENT
The Board of Directors of Era Constructions (India) Lmited ("the Company")
thanks all the investors and the
intermediaries for the success of the Public Issue. The details of subscription are as
under:
| Category |
Offer |
No of Valid Applications Recd |
No. of Shares applied for under valid applications |
No. of times subscribed |
No. of shares allotted |
No. of allottees |
| Reserved category: |
|
|
|
|
|
|
| NRIs/FIIs |
22,80,000 |
80 |
7,45,110 |
0.33 |
7,45,110 |
80 |
| IMFs/MDFIs |
5,70,000 |
0 |
0 |
- |
0 |
0 |
| Public |
28,50,000 |
|
|
|
|
|
| Retail |
|
18,946 |
65,34,810 |
2.6377 |
24,77,736 |
14992 |
| Non Retail |
|
173 |
52,88,310 |
2.1346 |
24,77,506 |
173 |
| Total |
|
19,119 |
1,18,23,120 |
|
49,55,242 |
15165 |
| Grand Total |
57,00,000 |
19,199 |
1,25,68,320 |
|
57,00,352 |
15245 |
*Total of 277 applications have been rejected on technical grounds.
As per the Basis of Allotment approved by The Stock Exchange, Mumbai, the Board of
Directors have allotted the shares at its meeting held on July 19, 2005. Allotments have
been made on a proportionate basis within the specified categories, rounded off to the
nearest integer subject to a minimum of 90 shares per allottees.
The details of category wise allotment are as under:
1.Retail category (Individual Investors applying up to 1350 shares) - The Company
received 18,946 valid applications for a total 65,34,810 shares amounting to Rs. 4,705.06
Lacs i,e 51.99% of the total valid subscription received, resulting in 2.6377 times
the subscription in this category:
| Sr.No. |
Category |
Ratio |
No shares per allottee |
Sr.No. |
Category |
Ratio |
No shares per allottee |
| 1. |
90 |
11:29 |
90 |
9. |
810 |
1:1 |
307 |
| 2. |
180 |
19:25 |
90 |
10. |
900 |
1:1 |
341 |
| 3. |
270 |
1:1 |
102 |
11. |
990 |
1:1 |
375 |
| 4. |
360 |
1:1 |
136 |
12. |
1080 |
1:1 |
409 |
| 5. |
450 |
1:1 |
171 |
13. |
1170 |
1:1 |
444 |
| 6. |
540 |
1:1 |
205 |
14. |
1260 |
1:1 |
478 |
| 7. |
630 |
1:1 |
239 |
15. |
1350 |
1:1 |
512 |
| 8. |
720 |
1:1 |
273 |
|
|
|
|
2. Non-Retail category (I,e Individuals applying for more than 1,350 shares and all
corporates) -The Company received 173 valid applications for a total of 52,88,310 shares
amounting to Rs. 3,807.58 Lacs i.e. 42.08% of the total valid subscription received,
resulting in 2.1346 times the subscripfion in this category.
All applications (including applications for less than 1350 shares) from Corporate Bodies
have been included in this category. All valid applicants have been allotted on a
proportionate basis subject to minimum allotment of 90 shares.
3. Applications under Reserved Category (NRI/FIIs/India Mutual Funds/Indian and
Multilateral Development Financial Institutions)-Total of 80 valid applications were
received from this category for 745,110 shares amounting to Rs. 536.48 lacs i,e 5.93% of
the total valid subscription received, resutfing in 0.33 times subscription in this
category. As per the terms mentioned under "Basis of Allotment" all the 80 valid
allottees have been given full allotment of 745,110.
The shares remaining unsubscribed were added to the Net offer to public.
| Dates of despatch of Refund Orders, Credit to
beneficiary account and listing details |
| Activity |
Date of Completion |
| Despatch of Refund Orders |
21/07/2005 |
| Electronic credit to the beneficiary account of allottees |
21/07/05 |
| Listing applications to BSE |
20/07/05 |
| Listing applications to ASE and DSE |
21/07/05 |
| In-principle approval from BSE |
20/04/05 |
| In-principle approval from ASE and DSE |
22/07/05 |
All future correspondence in this respect should be addressed to the
Registrar to the Issue quoting Full Name of the first applicant, Serial No. of the
Application Form, No. of Shares applied for and the Name of the Bank Branch where the
application was lodged at the following address:
Aarthi Consultants Pvt. Limited
1-2-285, Domalguda, Hyderabad - 500 029
Tel: 91-40 -2763 8111/2763 4445 Fax: 91-40-27632184
Email: era@aarthiconsultants.com
|