Basis of Allotment
BS Transcomm
| BS TransComm Ltd | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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(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 |
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| BASIS OF ALLOTMENT | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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) |
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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: |
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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: |
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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: |
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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 |
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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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