BASIS OF ALLOTMENT
PUBLIC ISSUE OF 38,33,667 EQUITY SHARES OF Rs. 10/- EACH OF THANGAMAYIL JEWELLERY
LIMITED ("TMJL" OR THE 'COMPANY" OR THE "ISSUER") FOR CASH AT A
PRICE OF Rs. 75.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 65.00 PER EQUITY
SHARE) AGGREGATING TO Rs. 2876.25 LACS (THE "ISSUE"). UPTO 1,20,000 EQUITY
SHARES AGGREGATING TO RS. 90.00 LACS WILL BE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY
ELIGIBLE EMPLOYEES ("THE EMPLOYEES RESERVATION PORTION"). THE ISSUE LESS THE
EMPLOYEE RESERVATION PORTION IS REFERED TO AS THE "NET ISSUE". THE ISSUE WILL
CONSTITUTE 27.94 % 0F THE POST ISSUE PAID UP CAPITAL OF THE COMPANY. THE NET ISSUE TO
PUBLIC WILL CONSTITUTE 27.07 % OF THE FULLY DILUTED POST ISSUE
PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 75.00 PER EQUITY SHARE OF FACE VALUE RS. 10/- EACH. THE
ISSUE PRICE IS 7.5 TIMES THE FACE VALUE
The Issue was being made through the 100% Book Building Process wherein upto 50 % of
the Issue will be avilable for allocation 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. The remainder shall be available
tor allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to
valid bids being received from them at or above the Issue Price. Further, not less than
15% of the Issue will be available for allocation on a proportionate basis to
Non-Institutional Bidders and not less than 35% of the Issue will 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 Issue opened for subscription on January 27, 2010 and closed on January 29, 2010. The
Issue received 3,058 valid applications for 41,74,240 Equity Shares
resulting in 1.089 times subscription. The details of the applications received in
the Offer from Qualified Institutional Buyers, Non-Institutional, Retail Individual
Investor and Employee categories are as under.
(Before technical rejections)
| Category |
No. of Applications |
No. of Shares |
No. of times Subscription |
| Qualified Institutional Buvers |
2 |
1,033,280 |
0.556 |
| Non Institutional Investors |
19 |
1,884,080 |
3.382 |
| Retail Individual Investors |
2,936 |
1,171,040 |
0.901 |
| Emotovees |
101 |
85,840 |
0.715 |
| Total |
3,058 |
4,174,240 |
1.089 |
* This includes 753 aplications aggregating to17,41,380 equity shares wtiich were
applied through ASBA.
Final Demand : A summary of the final demand at different bid prices is as
under:
| Bid Price |
No. of Shares |
% to Total |
Cumulative |
Cumulative |
| Total |
% to total |
| 70 |
7,440 |
0.162 |
4,588,240 |
100.00 |
| 71 |
400 |
0.009 |
4,580,800 |
99.84 |
| 72 |
4,480 |
0.098 |
4,580,400 |
99.83 |
| 73 |
160 |
0.003 |
4,575,920 |
99.73 |
| 74 |
80 |
0.002 |
4,575,760 |
99.73 |
| 75 |
3,296,000 |
71.836 |
4,575,680 |
99.73 |
| Cut-off |
1,279,680 |
27.890 |
1,279,680 |
27.89 |
| Total |
4,568,240 |
100.000 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being the Bombay Stock Exchange Limited ("BSE") on February 9,2010.
Details of valid applications received and allotments are as under.
A Allotment to Eligible Employees (After technical rejection) (include ASBA
Application)
The Basis of Allotment to the Employees, who have bid at cut-off or at the issue Price
of Rs.75/- per Equity Snare, was finalized in consultation with BSE. The category was
subscribed 0.706 times. The unsubscribed shares of Employee Reservation portion i.e. 35,280
equity shares has been added to the Non Institutional Investor (5,57,050) category.
This includes 10 applications aggregating to 9,200 equity shares through ASBA. The total
number of shares allotted in this category is 84,720 Equity Shares to 99 successful
applicants The category-wise details ot the Basis of Altocattori are as under:
| Category |
No. of
Applns. |
% to total |
Total No. Of
share applied |
% to
total |
No. of Shares
alloted |
Ratio |
Total No. of
shares alloted |
| 80 |
9 |
9.09 |
720 |
0.85 |
80 |
1:1 |
720 |
| 160 |
4 |
4.04 |
640 |
0 76 |
160 |
1:1 |
640 |
| 240 |
6 |
6.06 |
1,440 |
1.70 |
240 |
1:1 |
1,440 |
| 320 |
4 |
4.04 |
1,280 |
1.51 |
320 |
1:1 |
1,280 |
| 400 |
3 |
3.03 |
1,200 |
1.42 |
400 |
1:1 |
1,200 |
| 480 |
4 |
4.04 |
1,920 |
2.27 |
460 |
1:1 |
1,920 |
| 560 |
2 |
2.02 |
1,120 |
1 32 |
560 |
1:1 |
1,120 |
| 640 |
3 |
3.03 |
1,920 |
2.27 |
840 |
1,1 |
1,920 |
| 720 |
4 |
4.04 |
2,880 |
3.40 |
720 |
1:1 |
2,880 |
| 800 |
2 |
2.02 |
1,600 |
1.89 |
800 |
1:1 |
1,600 |
| 960 |
5 |
5.05 |
4,800 |
5.67 |
960 |
1:1 |
4,800 |
| 1040 |
3 |
3.03 |
3,120 |
3.68 |
1040 |
1:1 |
3,120 |
| 1120 |
11 |
11.11 |
12,320 |
14.54 |
1120 |
1.1 |
12,320 |
| 1200 |
2 |
2.02 |
2,400 |
2 83 |
1200 |
1:1 |
2,400 |
| 1280 |
37 |
37.37 |
47,360 |
55 90 |
1280 |
1:1 |
47,360 |
| Total |
99 |
100.00 |
84,720 |
100.00 |
|
|
84,720 |
B. Allotment to the Retail Individual Investor. (After
technical rejection) (include ASBA Application)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or
at the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE.
The category was subscribed 0.885 times. 740 applications for 2,18,240
Equity Sriare were made under the ASBA process, The unsubscribed portion of Retail
Individual Investors Category ie 1,49,223 equity shares has been added to
the Non lnstflultonal investor (5,57,050) category. The total number of
shares allotad in this category is 1,150,560 Equity States to 2847
successful applicants. The category wise details of the Basis ot allocattcn are as under.
| Category |
No. of
Applns. |
% to
total |
Total No. of
share applied |
% to
total |
No. of Share
allotad |
Ratio |
Total No. of
shares allotad |
| 80 |
1296 |
45.52 |
103,660 |
9.01 |
80 |
1:1 |
103,680 |
| 160 |
386 |
13.56 |
61,760 |
5.37 |
160 |
1:1 |
61,760 |
| 240 |
174 |
6.11 |
41,760 |
3.63 |
240 |
1:1 |
41,760 |
| 320 |
104 |
3.65 |
33,280 |
2.89 |
320 |
1:1 |
33,280 |
| 400 |
93 |
3 27 |
37,200 |
3 23 |
400 |
1:1 |
37,200 |
| 480 |
37 |
1.30 |
17,760 |
1,54 |
480 |
1:1 |
17,760 |
| 560 |
33 |
1 16 |
18,480 |
1.61 |
560 |
1:1 |
18,480 |
| 640 |
67 |
2.35 |
42,880 |
3.73 |
640 |
1:1 |
42,880 |
| 720 |
27 |
0.95 |
19,440 |
1.69 |
720 |
1:1 |
19,440 |
| 800 |
25 |
0.88 |
20,000 |
1.74 |
800 |
1:1 |
20,000 |
| 880 |
2 |
0 07 |
1,760 |
0 15 |
880 |
1:1 |
1,760 |
| 960 |
19 |
0.67 |
18,240 |
1.59 |
960 |
1:1 |
18,240 |
| 1040 |
14 |
0.49 |
14,560 |
1.27 |
1040 |
1:1 |
14,560 |
| 1120 |
49 |
1.72 |
54,880 |
4.77 |
1120 |
1:1 |
54,680 |
| 1200 |
25 |
0.88 |
30,000 |
2.61 |
1200 |
1:1 |
30,000 |
| 1280 |
496 |
17.42 |
634,880 |
55.18 |
1280 |
1:1 |
634,680 |
| Tolal |
2847 |
100.00 |
1,150,560 |
100.00 |
|
|
1,150,560 |
C. Allotment to QIBs (After Technical Rejection)
The Basis of Allotment to the QIBs, who have bid at the Issue Price of Rs. 75/- per
Equity Share, was finalized In consultation with BSE. As per SEBI (ICDR) Regulations, 2009
Mutual Funds were to be alloted 5% of the quantum of shares available i.e. 92,842. However
there were no applications from Mutual Funds. The category was subscribed 0.556
times. 2 applications for 10,33,280 Equity Share were
made, Un-subscrlbed portion of QIB Category i.e. 823,554 equity shares
has been added to the Non Institutional Investors (5,57,050)
category. The total number ol shares allotted in this category is 10,33,280
Equity Shares. The cateqory-wise details of the Basis of Allocation are as under:
| Category |
FIIs |
Fls/Banks |
MFs |
INC |
Total |
| No. of Shares |
1,000,000 |
33,280 |
0 |
0 |
1,033,280 |
D. Allotment to Non Institutional investors (After Technical Rejections)
(includes ASBA applications)
The Basis of Allotment to the Non Institutional Investors, who have bid at the Issue
Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE on a
proportionate basts. The category-was over subscribed 1.084 times. The total number of
shares allotted in this category is 15,65,107 Equity Shares to 15
successful applicants including the spill over portion from Employees Category to the
extent of 35,280 equity shares, from QIB Category to the extent of 823,554 equity shares
and from Retail Category to the extent of 149,233 equity shares. The category-wise details
of the Basis of Allotment are under:
| Category |
No. of
Applns. |
% to
total |
Total No. of
share applied |
% to
total |
No. of Shares
alloted |
Ratio |
Total No. of
shaies alloted |
| 2000 |
1 |
6.67 |
2,000 |
0.12 |
1644 |
1:1 |
1,844 |
| 2640 |
1 |
6.67 |
2,640 |
0.16 |
2434 |
1:1 |
2,434 |
| 3200 |
1 |
6 67 |
3,200 |
0.19 |
2951 |
1:1 |
2,951 |
| 4000 |
2 |
13.33 |
8,000 |
0.47 |
3689 |
1:1 |
7,378 |
| 6640 |
1 |
6.67 |
6,640 |
0.39 |
6123 |
1:1 |
6,123 |
| 12860 |
2 |
13.33 |
25,600 |
1.51 |
11803 |
1:1 |
23,606 |
| 13280 |
2 |
13.33 |
26,560 |
1.56 |
12246 |
1:1 |
24,492 |
| 20000 |
1 |
6.67 |
20,000 |
1.18 |
18442 |
1:1 |
18,442 |
| 133200 |
1 |
6.67 |
133,280 |
7.85 |
122901 |
1:1 |
122,901 |
| 400000 |
1 |
6.67 |
400,000 |
23.57 |
368851 |
1:1 |
368,851 |
| 533360 |
1 |
6.67 |
533,360 |
31.42 |
491825 |
1:1 |
491,825 |
| 536000 |
1 |
6.67 |
536,000 |
31.58 |
494260 |
1:1 |
494,260 |
| Total |
15 |
100.00 |
1,697,280 |
100.00 |
|
|
1,565,107 |
The Board of Directors of the Company at Its Meeting held at the
Registered Office of the Company at Madural on February 09, 2010 has approved the basis of
allotment of the Equity Shares of the Issue and the alloted the Equity Shares to various
successful applicants.
The CAN-cum-Refund Orders & ECS/RTGS/ NEFT/ DIRECT CREDIT INSTRUCTION and allotment
advice have been dispatched to the address of the investors as registered with the
depositories and instructions to Self Certified Syndicate Banks (SCSBs) have been
completed on February 11, 2010.ln 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 Equity Shares allocated to successful applicants are Being credited to
their beneficiary accounts subject to validation of the account details with the
depositories concerned. The Company has filed a Listing Application with Bombay Stock
Exchange Ltd. and National Stock Exchange of India Ltd. on February 11, 2010. The Company
is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange
Limited and the National Stock Exchange of India Limited within seven working days from
the date of approval of the basis of allotment.
Investors please note: The details of the allotment made will be hosted on the wehslte of
the Registrar to the Issue S.K.D.C. Consultants Ltd. at www.skdc-consultants.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 tie 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:
S.K.D.C. CONSULTANTS LIMITED
No.11, Seth Narayandas Layout, West Power House Road, Colmbatore 641012
Tel.: +91 422 6649995. Fax: +91 422 2499574
E-mail: info@skdc-consultants.com,
Website: www.skdc-consultants.com
Contact Person: Mrs. Vijayalakshmi Narendra
Place : Madural
Pate : February 15, 2010 |
For THANGAMAYIL JEWELLERY LIMITED
Sd/-
Mr. Ba. Ramesh
Joint 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 PROSPECTS OF THANGAMAYIL JEWELLERY LIMITED
