Basis of Allotment

TALBROS AUTOMOTIVE COMPONENTS LIMITED

TALBROS AUTOMOTIVE COMPONENTS LIMITED

(Incorporated as Payen Talbros Private Limited, on September 8, 1956 under the Companies Act, 1956 and became a Public Company by name Payen Talbros Limited on December 4, 1975. The name of   the Company was subsequently changed to Talbros Automotive Components Limited on April 7, 1979.)

Registered Office : 14/1, Delhi Mathura Road, Faridabad - 121 003.
Tel. No.: +91-129-2275434; Fax No.: +91-129-2277240; Website:www.talbros.com;
Email : shares@talbros.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF TALBROS AUTOMOTIVE COMPONENTS LIMITED ("THE COMPANY") FOR 49,01,963 EQUITY SHARES OF THE FACE VALUE RS.10 EACH FOR CASH AT A PRICE OF RS.102/- PER EQUITY SHARE AGGREGATING RS.5000 LACS. THE ISSUE PRICE IS 10.2 TIMES OF THE FACE VALUE.

THE ISSUE COMPRISES OF PROMOTERS CONTRIBUTION OF 2,45,099 EQUITY SHARES OF RS.10 EACH ("PROMOTER'S CONTRIBUTION") AGGREGATING TO RS.250 LACS AND THE NET OFFER TO THE PUBLIC OF 46,56,864 EQUITY SHARES THROUGH 100% BOOK BUILDING PROCESS AGGREGATING RS.4750 LACS ("NET ISSUE"). THE ISSUE CONSTITUTES 46.02% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.

The issue was made through 100% Book Building Process and as per DIP Guidelines issued by SEBI

  • 23,28,432 shares (comprising 50% of Net Issue to the public) has been allocated for allotment, on a discretionary basis, to Qualified Institutional Buyers ("QIBs");

  • 11,64,216 shares (comprising 25% of Net Issue to the public) has been allocated for allotment, on a proportionate basis, to Non-Institutional Bidders/Investors; and

  • 11,64,216 shares (comprising 25% of the Net Issue to the Public) has been allocated for allotment, on a proportionate basis, to Retail Bidders/Investors.

The Issue received 2,16,225 applications for 20,04,29,161 equity shares resulting in 43.03 times subscription. The details of the application received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investors categories are as under:

Category No. of  Applications No. of  Shares Subscription
(no. of. times)
Qualifies Institutional Buyers 104 70475700 30.26
Non Institutional Investors 5994 55629770 47.78
Retail Investors 210127 74323691 63.84

Final Demand

A sample of the final demand at different bid prices is as under:

Bid Price

No.ol Shares

% to Total

Cumulative Total

Cumulative % to total

90

409980

0.20

204457260

100

91

2400

0.00

204047280

99.8

92

42360

0.02

204044880

99.8

93

900

0.00

204002520

99.78

94

900

0.00

204001620

99.78

95

85500

0.04

204000720

99.78

96

310980

0.15

203915220

99.73

97

9600

0.00

203604240

99.58

98

43500

0.02

203594640

99.58

99

3300

0.00

203551140

99.56

100

57000

0.03

203547840

99.56

101

4620

0.00

203490840

99.53

102 & Cut off

203486220

99.53

203486220

99.53

204457260

100

The Basis of Allotment, to Retail Investors and the Non-Institutional (who have bid at cut-off or at and above the Issue Price of Rs.102/- per Equity Share), was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on 21st September 2005.

A. Allotment to Retail Investors

The category was over subscribed 62.63 times. The total number of shares allotted in this category is 11,64,216 Equity Shares. The Category-wise details of the Basis of Allotment are as under:

Category No. of Applns. %to total Total No.of
Shares applied
%to total No. of Shares
allotted
Ratio Total No. of
Shares allotted
60 16790 8.15 1007400 1.38 60 1:46 21900
120 21260 10.33 2551200 3.5 60 2:61 41820
180 14265 6.93 2567700 3.52 60 1:20 42780
240 13069 6.35 3136560 4.3 60 1:15 52260
300 13794 6.7 4138200 5.67 60 1:12 69000
360 6937 3.37 2497320 3.42 60 1:10 41640
420 7900 3.84 3318000 4.55 60 2:17 55740
480 111883 54.34 53703840 73.65 60 1:8 839100

B. Allotment to Non Institutional Investors

The category was subscribed 47.43 times. The total  number of shares allotted in this category is 11,64,216 Equity Shares. The category-wise details of the Basis of Allotment are as under:

Category No. Of Applns. % to total Total No.of Shares applied %to total No. of Shares allotted Ratio Total No. of Shares allotted % to total
540 300 5.16 162000 0.29 60 1:5 3600 0.31
600 572 9.84 343200 0.62 60 3:14 7380 0.63
660 106 1.82 69960 0.13 60 2:9 1440 0.12
720 164 2.82 118080 0.21 60 1:4 2460 0.21
780 86 1.48 67080 0.12 60 3:11 1380 0.12
840 58 1 48720 0.09 60 1:3 1140 0.1
900 375 6.45 337500 0.61 60 1:3 7500 0.64
960 2985 51.34 2865600 5.19 60 1:3 59700 5.13
1020 117 2,01 119340 0.22 60 5:14 2520 0.22
1080 32 0.55 34560 0.06 60 3:8 720 0.06
1140 9 0.15 10260 0.02 60 1:3 180 0.02
1200 77 1.32 92400 0.17 60 3:7 1980 0.17
1260 21 0.36 26460 0.05 60 3:7 540 0.05
1320 7 0.12 9240 0.02 60 3:7 180 0.02
1380 2 0.03 2760 0.00 60 1:2 60 0.01
1440 14 0.24 20160 0.04 60 1:2 420 0.04
1500 39 0.67 58500 0.11 60 1:2 1200 0.1
1560 4 0.07 6240 0.01 60 1:2 120 0.01
1620 3 0.05 4860 0.01 60 2:3 120 0.01
1680 4 0.07 6720 0.01 60 1:2 120 0,01
1740 1 0.02 1740 0.00 60 1:1 60 0.01
1800 30 0.52 54000 0.01 60 2:3 1200 0.1
1860 1 0.02 1860 0.00 60 1:1 60 0.01
1920 22 0.38 42240 0.08 60 2:3 900 0.08
1980 33 0.57 65340 0.12 60 5:7 1440 0.12
2040 6 O.1O 12240 0.02 60 2:3 240 0.02
2100 8 0.14 16800 0.03 60 3:4 360 0.03
2220 2 0.03 4440 0.01 60 1:2 60 0.01
2340 3 0.05 7020 0.01 60 2:3 120 0.01
2400 27 0.46 64800 0.12 60 4:5 1320 0.11
2460 1 0.02 2460 0.00 60 1:1 60 0.01
2520 6 0.1 15120 0.03 60 5:6 300 0.03
2580 Onwards Firm Proportionate.

C. Allocation to QIBs

Category Fls/Banks MFs Flls Insurance Companies VCs Total
No. of Shares 1062532 436900 764300 64000 700 2328432

The Shares Issue Committee for Public Offer of the company at it's Meeting held at Hyderabad on 22nd September,
2005 has approved the basis of allotment of shares and allotted the shares to various successful applicants.

The Refund Orders will be dispatched to the address of the investors 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 Bombay Stock Exchange Limited and The Delhi Stock Exchange Association Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE:

This details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy
Computershare Private Limited at www.karvy.com or http://kcpl.karw.com

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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Unit: Talbros, Karvy House,
46, Avenue 4, Street No.1, Banjara Hills,
Hyderabad - 500034, Fax: 040-23311968
Email: talbrosipo@karvy.com or mailmanager@karvy.com

TOLL FREE - HELPLINE NUMBERS 1-600-3454001

Place : New Delhi
Date : 23rd September, 2005

For Talbros Automotive Components Ltd
Sd/-
Pankaj Dhawan
Company Secretary

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 TALBROS AUTOMOTIVE COMPONENTS LIMITED.

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