| Basis of Allotment |
Bank
of Maharashtra PUBLIC ISSUE OF 10,00,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT PREMIUM OF RS. 13/- PER SHARE i,e. AT A PRICE OF RS. 23 PER SHARE AGGREGATING TO RS. 230 CRORES BASIS OF ALLOTMENT The Board of Directors of the Bank of Maharashtra thanks the investing public for their encouraging response to the Public Offer of Equity Shares of the Bank which opened for subscription on February 25, 2004 and closed on March 4, 2004. The Basis of Allotment was finalised on March 31, 2004 in consultation with The Stock Exchange Mumbai and the Board of Directors have allotted the shares at their meeting held on March 31, 2004 as per details given below: Overall (Public & Employees) Total 10,33,353 valid applications were received, against which 1,03,62,67,400 number of Equity Shares were applied for resulting in an overall oversubscription by 10.36 times. As per disclosure made in the Offer Document, basis of allotment has been approved and finalized by the Stock Exchange, Mumbai (BSE) the Designated Stock Exchange on 31st March 2004. The total number of allottees is 4,20,531 Employees (Overall) A total of 12,806 valid application were received in this category against which 2,12,71,100 number of Equity shares were applied for, resulting in an overall oversubscription in this category by 2.127 times. Total number of allottees in this category is 12,305 Employees (Retail) 10,032 valid applications were received in this category, against which 1,26,33,700 number of Equity Shares were applied for resulting in oversubscription in this category by 2.5267 times. In this category basis of allotment has been approved and finalized by the Stock Exchange, Mumbai in the following manner:- Total allotment of 50 lakhs Equity shares have been made in this category to 9,531 allottees. Number of allottees per Rs. One Lakh of Public Offer is 19.03
Employees (HNI) 2,774 valid applications were received in this category, against which 86,37,400 number of Equity Shares were applied for, resulting in oversubscription in this category by 1.727 times. In this category basis of allotment has been approved and finalized by the Stock Exchange, Mumbai in the following manner:- Allotments have been made to all the applicants in this category on firm basis, in proportion to the inverse of the subscription ratio (1.727), rounded off to the higher multiple of 100 if that number is 50 or higher and where number is lower than 50, it has been rounded off to the lower multiple of 100. Additional 100 shares have been allotted in the category of 2500 applications in the ratio of 1:3 on the basis of drawal of lots. Total allotmenent of 50 lakhs Equity Shares have been made in this category to 2,774 allottees. Number of allottees per Rs. One Lakh of Public Offer is 5.51
Public (Overall) A total of 10,20,547 valid applications were received in this category against which 1,01,49,96,300 number of Equity Shares were applied for, resulting in an overall oversubscription in this category by 11.2777 times. Total number of allottees is 4,08,226 Public (Retail) 10,12,429 valid applications were received in this category against which 56,05,49,900 number of Equity Shares were applied for, resulting in oversubscription in this category by 12.4567 times. In this category basis of allotment has been approved and finalized by the Stock Exchange, Mumbai in the following manner: Total allotment of 4,74,88,900 Equity Shares have been made in this category to 4,00,108 allottees. Number of allottees per Rs. One Lakh of Public Offer is 85.87
Public (High Net Worth) 8,118 valid applications were received in this category against which 45,44,46,400 number of Equity Shares were applied for, resulting in oversubscription in this category by 10.69 times. In this category basis of allotment has been approved and finalized by the Stock Exchange, Mumbai in the following manner: Allotments have been made to all the applicants in this category on firm basis, in proportion to the inverse of the subscription ratio (10.69), rounded off to the higher multiple of 100 if that number is 50 or higher and where number is lower than 50, it has been rounded off to the lower multiple of 100. Total allotment of 4,25,11,100 Equity Shares have been made in this category to 8,118 allottees. Number of allottees per Rs. One Lakh of Public Offer is 1.85. Share certificates / Refund orders have already been dispatched by April 5, 2004 and in case of shares in the electronic form, the beneficiary account of allottees with CDSL/NSDL have been credited on April 5, 2004. The Bank of Maharashtra has submitted listing application
to National Stock Exchange and Bombay Stock Exchange All future correspondence in this respect should be addressed to the Registrar to the issue quoting Full Name of the first applicant, Seril no. of the application from, No. of Shares applied for, and Name of the Bank Branch where the application was lodged, at the following address :- Registrars to the Issue: For BANK OF MAHARASHTRA Place: Mumbai |
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