Vijaya Bank
Constituted under the Banking Companies (Acquisition
& Transfer of Undertakings) Act, 1980, Head Office: 41/2, M G Road, Bangalore 560 001,
Karnataka. Telephone: (080) 558 4066 Fax (080) 558 8853 e-mail: vijbank@vsnl.com
Public issue oof 10,00,00,000 equity shares of Rs 10/-
each for cash at par aggregating Rs 100 crores.
Basis of Allotment
The Board of Directors of the Vijaya Bank thank the investing public for
their encouraging response to the public issue of equity shares of the bank which opened
for subscription on November 27, 2000 and closed on December 4, 2000. This bank has
received 1,12,600 valid applications for a total of 18,09,71,300 shares resulting in
subscription of 1.81 times. The Basis of Allotment has been finalised on December 29, 2000
in consultation with Bangalore Stock Exchange and the board of directors have allotted the
shares at their meeting held on December 29, 2000 as per details given below:-
There are 11.26 allottees for every Rs 1 lakh of the capital offered in
the public issue.
a) Permanent and Regular Employees of the Bank
The bank has received 12,118 valid applications for 73,15,100 equity shares as against a
reservation of 1,00,00,000 equity shares resulting in subscription of 0.73 times.
Allotments have been made to all applicants in this category on firm basis and the number
of shares allotted is 73,15,100.
b) Net Offer to Indian Public
Net offer of 9,00,00,000 Equity Shares was made to Indian Public. The unsubscribed
portion of 26,84,900 shares from the employees category was added back to the net offer.
Thus, 9,26,84,900 were available for allotment to the Indian Public.
i) Individuals upto 1000 shares
The bank has received 88,394 valid applications for a total of 4,11,43,900 equity shares.
Allotments have been made to all applicants in this category on firm basis and the number
of shares allotted is 4,11,43,900.
ii) Individuals above 1000 shares & others
The bank has received 12,088 valid applications for a total of 13,25,12,300 equity shares
resulting in oversubscription of 2.571 times. The number of shares allotted is
5,15,41,000. Allotments have been made to all the applicants in this category on a firm
basis in proportion to the inverse of the subscription ratio ie, 2.571 times and rounded
off to the nearest marketable lot of 100 shares.
The break up of applications received in respect to the "Net offer
to Indian Public" & "Employees" and allotments made in terms of various
modes of payment is as under:-
| Mode of payment |
No. of applns. |
No. of shares applied |
% |
No. of valid applns. |
No. of shares allotted |
% |
| Indian Public |
| Cash/Cheque/DD |
99,470 |
17,21,52,200 |
99.13 |
99,470 |
9,18,33,500 |
99.08 |
| Stockinvests |
1,012 |
15,04,000 |
0.87 |
1,012 |
8,51,400 |
0.92 |
| Total |
1,00,482 |
17,36,56,200 |
100.00 |
1,00,482 |
9,26,84,900 |
100.00 |
| Employees |
| Cash/Cheque/DD |
11,933 |
71,96,700 |
98.29 |
11,933 |
71,96,700 |
98.29 |
| Stockinvests |
185 |
1,18,400 |
1.71 |
185 |
1,18,400 |
1.71 |
| Total |
12,118 |
73,15,100 |
100.00 |
12,118 |
73,15,100 |
100.00 |
|