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You are here : Makemystocks IPO Basis of Allotment
Basis of Allotment
BS Transcomm
:: BS TransComm Limited ::
BS TransComm Ltd
(We were originally incorporated as BS Steels and Minerals Private Limited on January 7, 2004. The name of our Company was changed to BS TransComm Private Limited pursuant to a fresh certificate of incorporation dated January 24, 2008. Our Company was converted into a public limited company and the name of our Company was changed to BS TransComm Limited pursuant to a fresh certificate of incorporation dated February 7, 2008. For details of incorporation, changes of name and changes in registered office of our Company, please refer to the section titled "History and Certain Corporate Matters" beginning on page 114 of the Prospectus.)

Registered Office and Corporate Office: 504, Trendset Towers, Road No. 2, Banjara Hills, Hyderabad 500 034, Tel No: + 91 40 6666 6204; Fax No: + 91 6666 7268. Contact Person: Mr. Subbaiah Raman, Company Secretary and Compliance Officer. Website: www.bsgroup.in; E-mail: investors@bsgroup.in

PROMOTERS OF OUR COMPANY: Mr. Rajesh Agrawal, Mr. Rakesh Agarwal and Mr. Mukesh Agarwal
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 76,79,410 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS.248 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.238 PER EQUITY SHARE) AGGREGATING TO RS.19,044.94 LAKHS ("THE ISSUE") BY BS TRANSCOMM LIMITED, "OUR COMPANY" OR "THE ISSUER". THE ISSUE WILL CONSTITUTE 35.10% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH. ISSUE PRICE: Rs.248.

The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only, and the remaining QIB portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above Issue Price. If the aggregate demand by Mutual Funds is less than 5% of the QIB portion, the balance Equity Shares available for allocation in the Mutual Fund portion will be added to the QIB portion and be available for allocation proportionately to the QIB Bidders. Further, not less than 15% of the issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders subject to valid Bids being received from them at or above the Issue Price.

The Issue received 10,432 applications for 77,15,935 equity shares resulting in 1.0048 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Bidders and Retail Individual Bidders are as under: (Before technical rejections)
Sr.No Category No. of Applications Received No. of Equity Shares No. of times subscribed
A Retail lndividual Bidders 10390 2235575 0.83
B Non Institutional Bidders 40 3502360 3.04
C Qualified Institutional Buyers 2 1978000 0.51
  Total 10432 7715935 1.0048
Final Demand

A summary of the final demand as per the BSE and NSE as on the Bid/Issue Closing Date at different bids is as detailed hereunder:
Bid Price No. of Shares % to total Cumulative Total Cumulative % of Total
248 2791100 30.289 2791100 30.289
249 250 0.003 2791350 30.292
250 4300 0.047 2795650 30.338
251 325 0.004 2795975 30.342
252 450 0.005 2796425 30.347
253 575 0.006 2797000 30.353
255 600 0.007 2797600 30.360
257 3421100 37.126 6218700 67.485
258 625 0.007 6219325 67.492
259 150 0.002 6219475 67.494
260 2775 0.030 6222250 67.524
261 450 0.005 6222700 67.529
262 2350 0.026 6225050 67.554
263 300 0.003 6225350 67.558
264 200 0.002 6225550 67.560
265 375 0.004 6225925 67.564
266 457500 4.965 6683425 72.529
Cutoff Price 2531450 27.471 9214875 100.000
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on October 22, 2010.

A. Allotment to Retail Individual Bidders (Including Applications Supported by Blocked Amount ("ASBA")) (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs.248/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.819 times and hence allotment was done on full and firm basis to all valid applicants. There were 3,207 applications for 4,39,825 equity shares made under ASBA process. Of these 3,119 applications for 4,34,475 equity shares were found valid and they were considered for allotment on full and firm basis. The total number of shares allotted in Retail Individual Bidder category is 22,02,800 Equity Shares which were allotted to 10,158 successful applicants.

B. Allotment to Non Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.248/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.00 times and hence allotment was done on full and firm basis to all valid applicants. There were 4 applications for 15,900 equity shares made under ASBA process. Of these 4 applications for 15,900 equity shares were found valid and they were considered for allotment on full and firm basis. The total number of shares allotted in Non Institutional Bidders category is 34,98,610 Equity Shares which were allotted to 39 successful applicants.

C. Allotment to QIBs

The Basis of Allotment to the Qualified Institutional Bidders, who have bid at the Issue price of Rs.248/- per Equity Share was finalized on the price priority basis. Overall 2 applications for 19,78,000 Equity Shares were found valid and the quantum of shares allotted to this category is 19,78,000. The summary of allotment is as under:
Category FIs/Blanks FIIs MFs Ics PFs Others Total
No. of Equity Shares allotted - 1978000 - - - - 1978000
The Board of Directors of the Company at its Meeting held at Hyderabad on October 22, 2010 has approved the basis of allotment of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.

The CAN-cum-Refund Orders and allotment advice and/or notices have been dispatched to the address of the Bidders, as registered with the depositories on or prior to October 25, 2010. Further, the instructions to Self Certified Syndicate Banks have been dispatched/mailed on or prior to October 22, 2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, any, with the depositories. The Equity Shares allotted 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 the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within twelve working days from the Bid/Issue Closing Date.

INVESTORS PLEASE NOTE

These details of the allotment made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Karvy Computershare Private Limited
Unit: BS Transcomm Limited
Plot No. 17 to 24, Vithalrao Nagar, Hitech City Road, Madhapur,
Hyderabad - 500 081, Fax: 040-23420814,
Email: einward.ris@Karvy.com
TOLL FREE- HELPLINE NUMBER 1-800-3454001
Place: Hyderabad
Date: October 25, 2010
For BS Transcomm Limited
Sd/-
Subbaiah Raman
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF BS TRANSCOMM LIMITED

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
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