RISHABHDEV
TECHNOCABLE LIMITED
(The Company was incorporated as Rishabhdev Technocable Ltd. on November 24,1994 under
the Companies Act, 1956. The Company has shifted its registered office from 9, R.N.P
House, Azad Road, Gundavli, Andheri (East), Mumbai-400 069 to its present address with
effect from February 15, 2008.)
Registered and Corporate Office: Unit No. 53, 1st Floor, Jagat
Satguru Industrial Estate,
Vishveshwar Nagar Road, Goregoan (East), Mumbai-400 063.
Tel.: +91-22-2876 9059 Fax: +91-22-2877 1669.
Contact Person: Mr. Ranabir Sanyal, Company Secretary and Compliance Officer
Website: www.rtclcables.com
E-mail: fpo@rtclcables.com
BASIS OF ALLOCATION
ISSUE OF 90,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY
SHARES") OF RISHABHDEV TECHNOCABLE LTD. ("COMPANY" OR "ISSUER")
FOR CASH AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 2970.00 LACS
("ISSUE"). THE ISSUE COMPRISES OF PROMOTERS' CONTRIBUTION OF 21,45,500 EQUITY
SHARES AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 708.01 LACS
("PROMOTERS' CONTRIBUTION") AND NET ISSUE TO THE PUBLIC OF 68,54,500 EQUITY
SHARES AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 2261.99 LACS. THE NET
ISSUE TO THE PUBLIC WOULD CONSTITUTE 46.66% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE
CAPITAL OF THE COMPANY.
ISSUE PRICE: RS.33/- PER EQUITY SHARE OF THE FACE VALUE OF RS.10/- EACH THE ISSUE
PRICE IS 3.3 TIMES OF THE FACE VALUE
This Issue is being made through 100% Book Building Process wherein upto 50% of the Net
Issue to the Public will be available for allocation to Qualified Institutional Buyers
("QIB") on a proportionate basis, subject to valid bids being received at or
above the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be
available for allocation on proportionate basis to Mutual Funds only. Mutual Funds Bidders
shall also be eligible for proportionate allocation under the balance available for the
QIBs. Further, at least 15% of the Net Issue to the Public shall be available for
allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the
Net Issue to the Public shall be available for allocation on a proportionate basis to
Retail Individual Bidders, subject to valid bids being received at or above the Issue
Price.
The Board of Directors of the Company wishes to thank all the Investors for their
response to the Public Issue which opened on June 4,2009 and closed on June 9,2009. The
Net Issue to Public received 24,754 valid applications for 5,08,93,400 Equity Shares
resulting in 7.42 times subscription.
The details of the valid applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional Investors and Retail Individual Investors
categories are as under:
Category |
No. of Applications |
No. of Shares |
Subscription (No. of times) |
Qualified Institutional Buyers |
3 |
7,75,000 |
0.226128 |
Non-Institutional Investors |
167 |
1,20,99,400 |
6.633989 |
Retail Individual Investors |
24,584 |
3,80,19,000 |
8.933770 |
Final Demand
A sample of the final demand at different bid prices is as under:
Bid Price |
No. of Equity Shares |
% of Total |
Cumulative Total |
Cumulative % to Total |
29 |
8,41,600 |
1.5187 |
5,54,14,000 |
100.0000 |
30 |
32,600 |
0.0588 |
5,45,72,400 |
98.4813 |
31 |
7,86,200 |
1.4188 |
5,45,39,800 |
98.4224 |
32 |
44,400 |
0.0801 |
5,37,53,600 |
97.0036 |
33 |
1,46,58,200 |
26.4522 |
5,37,09,200 |
96.9235 |
CUTOFF |
3,90,51,000 |
70.4714 |
3,90,51,000 |
70.4714 |
Note: the above analysis is based on electronic bids.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange
Limited ('BSE') on June 19,2009. Details of valid applications received and allotment done
as under:
A) Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors including ASBA applicants, who
have bid at cut-off or at the Issue Price of Rs. 33/- per Equity Share, was finalized in
consultation with BSE, The category was subscribed to the extent of 8.933770 times. The
total number of shares allotted in this category is 42,56,418 Equity Shares to 14,765
successful applicants including Spill over from QIB category of 18,56,575 Equity Shares.
The category-wise details of the Basis of Allocation are as under,
Category |
No. of Applications |
% to Total |
Total No. of Shares Applied |
% to Total |
No. of Shares Allocated |
Ratio |
Total No. of Shares Allocated |
200 |
5,668 |
23.06 |
11,33,600 |
2.98 |
200 |
11:98 |
1,27,200 |
400 |
2,067 |
8.41 |
8,26,800 |
2.18 |
200 |
21:94 |
92,400 |
600 |
1,187 |
4.83 |
7,12,200 |
1.87 |
200 |
1:3 |
79,200 |
800 |
2,696 |
10.97 |
21,56,800 |
5.67 |
200 |
17:38 |
2.41,200 |
1000 |
1,203 |
4.89 |
12,03,000 |
3.16 |
200 |
33:59 |
1,34,600 |
1200 |
238 |
0.97 |
2,85,600 |
0.75 |
200 |
2:3 |
31,800 |
1400 |
1,170 |
4.76 |
16,38,000 |
4.31 |
200 |
18:23 |
1,83,200 |
1600 |
359 |
1.46 |
5,74,400 |
1.51 |
200 |
76:85 |
64,200 |
1800 |
118 |
0.48 |
2,12,400 |
0.56 |
201 |
FIRM |
23,718 |
2000 |
283 |
1.15 |
5,66,000 |
1.49 |
224 |
FIRM |
63,392 |
2200 |
41 |
0.17 |
90,200 |
0.24 |
246 |
FIRM |
10,086 |
2400 |
43 |
0.18 |
1,03,200 |
0.27 |
269 |
FIRM |
11,567 |
2600 |
22 |
0.09 |
57,200 |
0.15 |
291 |
FIRM |
6,402 |
2800 |
37 |
0.15 |
1,03,600 |
0.27 |
313 |
FIRM |
11,581 |
3000 |
9,452 |
38.45 |
2,83,56,000 |
74.58 |
336 |
FIRM |
31,75,872 |
B) Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs. 33/- per
Equity Share, was finalized in consultation with BSE. The category was subscribed to the
extent of 6.633989 times. The total number of shares allotted in this category is
18,23,850 Equity Shares to 167 successful applicants including Spill over from QIB
category of 7,95,675. The category-wise details of the Basis of Allocation (Sample)
are as under:
Category |
No. of Applications |
% to Total |
Total No. of Shares Applied |
% to Total |
No. of Shares Allocated |
Ratio |
Total No. of Shares Allocated |
3200 |
1 |
0.599 |
3200 |
0.026 |
483 |
FIRM |
483 |
3800 |
1 |
0.599 |
3800 |
0.031 |
574 |
FIRM |
574 |
4000 |
2 |
1.198 |
8000 |
0.066 |
604 |
FIRM |
1208 |
4600 |
1 |
0.599 |
4600 |
0.038 |
694 |
FIRM |
694 |
5000 |
3 |
1.796 |
15000 |
0.124 |
754 |
FIRM |
2263 |
8000 |
5 |
2.994 |
40000 |
0.331 |
1206 |
FIRM |
6030 |
10000 |
8 |
4.79 |
80000 |
0.661 |
1507 |
FIRM |
12056 |
12000 |
2 |
1.198 |
24000 |
0.198 |
1809 |
FIRM |
3618 |
15000 |
16 |
9.581 |
240000 |
1.984 |
2261 |
FIRM |
36176 |
18000 |
1 |
0.599 |
18000 |
0.149 |
2713 |
FIRM |
2713 |
30000 |
12 |
7.186 |
360000 |
2.975 |
4522 |
FIRM |
54264 |
45600 |
1 |
0.599 |
45600 |
0.377 |
6874 |
FIRM |
6874 |
50000 |
3 |
1.796 |
150000 |
1.24 |
7537 |
FIRM |
22611 |
51000 |
1 |
0.599 |
51000 |
0.422 |
7688 |
FIRM |
7688 |
60600 |
2 |
1.198 |
121200 |
1.002 |
9135 |
FIRM |
18270 |
100000 |
8 |
4.79 |
800000 |
6.612 |
15074 |
FIRM |
120592 |
151400 |
7 |
4.192 |
1059800 |
8.759 |
22822 |
FIRM |
159754 |
151600 |
2 |
1.198 |
303200 |
2.506 |
22852 |
FIRM |
45704 |
185000 |
1 |
0.599 |
185000 |
1.529 |
27887 |
FIRM |
27887 |
289200 |
1 |
0.599 |
289200 |
2.39 |
43594 |
FIRM |
43594 |
1011000 |
1 |
0.599 |
1011000 |
8.356 |
152397 |
FIRM |
152397 |
C) Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SEBI guidelines, QIBs and unsatisfied demands of Mutual Funds were allotted the
remaining available Equity Shares 7,75,000 to 3 successful applicants on proportionate
basis. The Unsubscribed portion (26,52,250 Equity shares) is spilled over to Non
Institutional Investors category and Retails Individual Investor category in the ratio of
30:70).
Category (Fll) |
No. of Applications |
% to Total |
Total No. of Shares Applied |
% to Total |
No. of Shares Allocated |
Ratio |
Total No. of Shares Allocated |
75000 |
1 |
33.333 |
75000 |
9.677 |
75000 |
FIRM |
75000 |
200000 |
1 |
33.333 |
200000 |
25.806 |
200000 |
FIRM |
200000 |
500000 |
1 |
33.333 |
500000 |
64.517 |
500000 |
FIRM |
500000 |
The Meeting of the Board of Directors of the Company held at Registered and Corporate
Office, Mumbai on June 19,2009 has approved the basis of allocation of shares and has
allotted the shares to various successful applicants.
The Can-cum-Refund Orders and ECS/RTGS/NEFT/Direct Credit Intimation has been
dispatched on June 23,2009 to the address of the investors as registered with the
depositories. In case the same is not received within ten days, investors may contact the
Registrar to the Issue, 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 the successful applicants have 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 the Bombay Stock
Exchange, Jaipur Stock Exchange and Pune Stock Exchange 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, Mondkar Computers Private Limited, at www.mondkarcomputers.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:
Mondkar Computers Pvt. Ltd.
25, Shakil Niwas, Opposite Satya SaiBaba Temple, Mahakali Caves Road, Andheri(E),
Mumbai-400 093
Tel: +91-022-28207203-05,28257641, Fax: +91
-022-28207207
Webside: www.mondkarcomputers.com, E-Mail:
rtcl_ipo@mondkarcomputers.com
Contact Person: Mr. Ravindra Utekar
Place: Mumbai
Date : June 23,2009 |
For RISHABHDEV TECHNO CABLE LTD.
On behalf of the Board of Directors
Sd/-
Chairman and Managing Director |
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 prospectus of Rishabhdev
Technocable Limited. |