|Basis of Allotment|
(Incorporated on March 11, 1983 as A.M.P Udyog Viniyog Limited under the Companies Act, 1956. In 1994, Himani Ltd was merged with AMP Udyog Viniyog Ltd., vide hon'ble Calcutta High Court order dated February 8, 1994 and its name was changed as per fresh certificate of Incorporation dated May 5, 1994. In 1998, Emami Ltd was then merged with Himani Ltd. vide Hon'ble Calcutta High Court order dated July 21, 1998 and its name was changed as Emami Ltd. as per fresh certificate of Incorporation dated September 1, 1998).
Registered Office: 6A, R.N. Mukherjee Road, Stephen House, Kolkata-700001. (Formerly
located at 9, Old China Bazar Street, Kolkata - 700001 and subsequently shifted to 179,
Bangur Park, Rishra, Hoogly - 712248 and 8, Bentinck Street, Taher Mansion,
Kolkata-700001) Tel: +91-33-2248 7651/52/53/54, Fax: +91-33-2210 0879;
BASIS OF ALLOCATION
Public Issue of 50,00,000 Equity Shares of Rs. 2/- each for cash at a price of Rs. 70 Per Equity Share by Emami Ltd (hereinafter referred to as the "Company") aggregating Rs. 3500 lacs (hereinafter referred to as the "Issue"). Out of this, 5,00,000 Equity Shares of Rs.2/- each for cash at a price of Rs. 70 per Equity Share aggregating Rs.350 lacs will be reserved for subscription by Employees in India of Emami Ltd. (the "Employee Reservation Portion"). Therefore, the net Issue to the public will be of 45,00,000 Equity Shares of Rs. 2/- each for cash at a price of Rs.70 per Equity Share aggregating Rs. 3150 lacs. The Issue consitutes 8.18% of the fully diluted post issue paid up equity share capital of the Company.
ISSUE PRICE OF Rs. 70 PER EQUITY SHARE OF FACE VALUE OF Rs. 2/- EACH. THE ISSUE PRICE IS 35 TIMES OF THE FACE VALUE
The Issue is being made through the 100% Book Building Process wherein up to 10% of the issue is reserved for Employees of the Company. Up to 50% of the net Issue to the public shall be allocated on a discretionary basis to Qualified Institutional Buyers ("QIBs"). Further, not less than 25% of the net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 25% of the net Issue to the public shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or abovae the Issue Price.
The Issue received 1,78,347 bids for 181,533,600 shares resulting in 36.31 times subscription. The details of the applications received in the Issue from Employees, Retail, Non Institutional and Qualified Institutional investor categories are as under:
A sample of the final demand at different bid prices is as under:
The Basis of Allotment was finalized in consultation with The Stock Exchange, Mumbai (BSE) on March 21, 2005
A) Allocation of Employees
B) Allocation to Retail Investors
C) Allocation to Non Institutional Investors
The Basis of Allocation to the Non Institutional Investors, who have bid for at the Issue Price of Rs. 70/- per Equity Share, was finalized in consultation with BSE. The category was oversubscribed 16.72 The total number of shares allotted in this category is 11,63,900 Equity Shares. A sample of category-wise details of the Basis of Allocation is as under:
D) Allocation to QIBs
The share transfer and shareholders Investors grievance committee at its Meeting held held at Kolkata on March 21, 2005 has approved the basis of allocation of shares and allotted the shares to various successful applicants.
The despatch of Refund Orders is being made to the address of the Investors as registered with the depositories. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. Issuer is taking steps to get the Equity shares admitted for trading on The Stock Exchange, Mumbai and The Calcutta Stock Exchange within seven working days from the date of approval of basis of allocation.
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:
DATAMATICS FINANCIAL SOFTWARE & SERVICES LTD
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 EMAMI LIMITED