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SRS Limited IPO Basis of Allotment

  

SRS LIMITED

The Company was incorporated on August 29,2000 as a "Public Limited" Company in the name and style of SRS Commercial Company Limited at New Delhi under Registration Number 55-107484 of 2000-01 and obtained the Certificate for Comrrancement of Business on Octoter16,2000. The name of the Company was changed to SRS Entertainmen Limited, pursuant to a fresh certificate of incorporation dated January 25,2005. Further, the name of the Company was changed to SRS Entertainment and Multitrade Limited, pursuant to a fresh certificate of incorporation dated December 15,2008. Again, the name of the Company was changed to SRS Entertainment & Retail Limited, pursuant to a fresh certificate of incorporation dated January 2,2009. Subsequently, the name of the Company was changed to SRS Limited, pursuant to a fresh certificate of incorporation dated July 16,2009. The Corporate Identification Number of the Company is U74999HR2000PLC040183.

Registered Office: "SRS Multiplex", Top Floor, City Centre, Sector-12, Faridabad, Haryana -121007, India. Ph.: 91129 428 2801 -808, Fax: 91129 428 2809 /10
Contact Person: Ms. Mamta Rastogi, Deputy Company Secretary and Compliance Officer, Ph.: 91129 428 2811/12. Website: www.srsparivar.com; E-mail: ipo@srsparivar.com

For changes in the Registered Office, please refer section titled "History and Certain Corporate Matters" on Page 122 of the Prospectus.

PROMOTERS OF THE COMPANY: Dr. Anil Jindal, Mr. Sunil Jindai, Mr. Bithan Bansal, Mr. Raju Bansal, BTL Industries Limited & BTL Portfolio Limited

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 35,000,000 EQUITY SHARES OF Rs 10/- EACH (THE "EQUITY SHARES") FOR CASH AT A PRICE OF Rs 58/- PER EQUITY SHARE (INCLUDING A PREMIUM OF Rs 48/- PER SHARE) OF SRS LIMITED ('THE COMPANY" OR "THE ISSUER") AGGREGATING Rs 2030 MILLIONS (THE "ISSUE") AT THE ISSUE PRICE. THE ISSUE CONSTITUTES 25.13% OF THE POST ISSUE SHARE CAPITAL OF THE COMPANY.

BID/ISSUE OPENED ON AUGUST 23,2011 AND BID/ISSUE CLOSED ON AUGUST 26,2011

ISSUE PRICE: RS. 58/- PER EQUITY SHARES FOR ALL CATEGORIES

THE ISSUE PRICE IS 5.8 TIMES OF THE FACE VALUE OF EQUITY SHARES

The Issue was made through a 100% Book Building Process wherein not more than 50% of the Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was 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 received 5,112 applications for 42,856,800 Equity Shares resulting in 1.224 times subscription. The details of the applications (including ASB Aapplications) received in the issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual Investors are detailed hereunder- (Before Technical Rejections)

Category No. of Valid
Applications
No. of Equity
Shares
No. of times
subscribed
Qualified Institutional Buyers 19 13,048.800 0.745
Non Institutional Investors 158 26,240,600 4.998
Retail Individual Investors 4,935 3,567,400 0.291
Total 5,112 42,856,800 1.224

Final Demand
The final demand at different Bid Prices is as under:- (As per BSE and NSE as on the Bid/Issue Closing date)

Bid Price (Rs) No. of
Shares
% to
total
Cumulative
Total
Cumulative %
of Total
58 12486300 28.55 12486300 28.55
59 800 0.00 12487100 28.56
60 4900 0.01 12492000 28.57
61 1000 0.00 12493000 28.57
62 2800 0.01 12495800 28.58
63 200 0.00 12496000 28.58
64 0 0.00 12496000 28.58
65 27590100 63.10 40086100 91.67
CUTOFF 3641100 8.33 43727200 100.00
TOTAL 43727200 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being The Bombay Stock Exchange Limited ("BSE") on September 13, 2011. The Board of Directors of the Company at Its Meeting held on September 13,2011 allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allocation to Retail Individual Investors (After Technical Rejections) Including ASBA Applications.

The Basis of Allocation to the Retail Individual Investors, who have bid at cut off and / or the Issue Price of Rs. 58/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.28 times. As per the Prospectus, the unsubscribed portion of Retail Category is spilt over to Non Institutional Investor Category (8,804,700 Equity Shares). The total number of shares allotted in this category is 3,445,300 Equity Shares to 4,772 successful applicants. 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
100 2052 43.00 205200 5.96 100 1:1 205200
200 789 16.53 157800 4.58 200 1:1 157800
300 204 4.27 61200 1.78 300 1:1 61200
400 128 2.68 51200 1.49 400 1:1 51200
500 240 5.03 120000 3.48 500 1:1 120000
600 37 0.78 22200 0.64 600 1:1 22200
700 41 0.86 28700 0.83 700 1:1 28700
800 62 1.30 49600 1.44 800 1:1 49600
900 21 0.44 18900 0.55 900 1:1 18900
1000 195 4.09 195000 5.66 1000 1:1 195000
1100 6 0.13 6600 0.19 1100 1:1 6600
1200 9 0.19 10800 0.31 1200 1:1 10800
1300 3 0.06 3900 0.11 1300 1:1 3900
1400 9 0.19 12600 0.37 1400 1:1 12600
1500 196 4.11 294000 8.53 1500 1:1 294000
1600 35 0.73 56000 1.63 1600 1:1 56000
1700 3 0.06 5100 0.15 1700 1:1 5100
1800 4 0.08 7200 0.21 1800 1:1 7200
1900 1 0.02 1900 0.06 1900 1:1 1900
2000 56 1.17 112000 3.25 2000 1:1 112000
2100 2 0.04 4200 0.12 2100 1:1 4200
2300 6 0.13 13800 0.40 2300 1:1 13800
2500 7 0.15 17500 0.51 2500 1:1 17500
2600 10 0.21 26000 0.75 2600 1:1 26000
2700 6 0.13 16200 0.47 2700 1:1 16200
2800 1 0.02 2800 0.08 2800 1:1 2800
2900 21 0.44 60900 1.77 2900 1:1 60900
3000 628 13.16 1884000 54.68 3000 1:1 1884000
4772 100.00 3445300 100.00 3445300

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 58/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 1.39 times, including spill over from retail category (8,804,700 equity shares) and QIB Category (4,532,000 equity shares). Overall 151 applicants for 25,918,800 Equity Shares were found valid and they were considered for allotment on proportionate basis. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to
Total
Total No.
of Shares
Allocated
% to
Total
No. of
Shares
Allocated
Ratio Total No.
of Shares
Allocated
3100 4 2.6490 12400 0.0478 2223 1:1 8892
3700 1 0.6623 3700 0.0143 2653 1:1 2653
4000 4 2.6490 16000 0.0617 2868 1:1 11472
4800 1 0.6623 4800 0.0185 3442 1:1 3442
5000 5 3.3113 25000 0.0965 3586 1:1 17930
6000 2 1.3245 12000 0.0463 4303 1:1 8606
6100 1 0.6623 6100 0.0235 4374 1:1 4374
6200 2 1.3245 12400 0.0478 4446 1:1 8892
7000 3 1.9868 21000 0.0810 5020 1:1 15060
7500 2 1.3245 15000 0.0579 5378 1:1 10756
7600 1 0.6623 7600 0.0293 5450 1:1 5450
7700 14 9.2715 107800 0.4159 5522 1:1 77308
8000 2 1.3245 16000 0.0617 5737 1:1 11474
9000 1 0.6623 9000 0.0347 6454 1:1 6454
9200 1 0.6623 9200 0.0355 6597 1:1 6597
10000 11 7.2848 110000 0.4244 7171 1:1 78881
11000 4 2.6490 44000 0.1698 7888 1:1 31552
11600 2 1.3245 23200 0.0895 8319 1:1 16636
12000 1 0.6623 12000 0.0463 8605 1:1 8605
12500 1 0.6623 12500 0.0482 8964 1:1 8964
14400 1 0.6623 14400 0.0556 10326 1:1 10326
14900 1 0.6623 14900 0.0575 10685 1:1 10685
15000 9 5.9603 135000 0.5209 10757 1:1 96813
15300 3 1.9868 45900 0.1771 10972 1:1 32916
15400 7 4.6358 107800 0.4159 11044 1:1 77308
17000 1 0.6623 17000 0.0656 12191 1:1 12191
18500 1 0.6623 18500 0.0714 13267 1:1 13267
19000 1 0.6623 19000 0.0733 13625 1:1 13625
20000 4 2.6490 80000 0.3087 14342 1:1 57368
23500 1 0.6623 23500 0.0907 16852 1:1 16852
25000 1 0.6623 25000 0.0965 17928 1:1 17928
29200 1 0.6623 29200 0.1127 20940 1:1 20940
30000 1 0.6623 30000 0.1157 21513 1:1 21513
30700 3 1.9868 92100 0.3553 22015 1:1 66045
30800 1 0.6623 30800 0.1188 22087 1:1 22087
31000 1 0.6623 31000 0.1196 22230 1:1 22230
34000 1 0.6623 34000 0.1312 24382 1:1 24382
35000 2 1.3245 70000 0.2701 25099 1:1 50198
35800 1 0.6623 35800 0.1381 25673 1:1 25673
37800 2 1.3245 75600 0.2917 27107 1:1 54214
38500 2 1.3245 77000 0.2971 27609 1:1 55218
40000 4 2.6490 160000 0.6173 28685 1:1 114740
43100 1 0.6623 43100 0.1663 30908 1:1 30908
46200 1 0.6623 46200 0.1782 33131 1:1 33131
54000 1 0.6623 54000 0.2083 38724 1:1 38724
60000 1 0.6623 60000 0.2315 43027 1:1 43027
61500 4 2.6490 246000 0.9491 44102 1:1 176408
69200 1 0.6623 69200 0.2670 49624 1:1 49624
77000 2 1.3245 154000 0.5942 55218 1:1 110436
80000 1 0.6623 80000 0.3087 57369 1:1 57369
100000 1 0.6623 100000 0.3858 71711 1:1 71711
153800 2 1.3245 307600 1.1868 110292 1:1 220584
153900 1 0.6623 153900 0.5938 110364 1:1 110364
154000 1 0.6623 154000 0.5942 110435 1:1 110435
172400 1 0.6623 172400 0.6652 123630 1:1 123630
200000 1 0.6623 200000 0.7716 143422 1:1 143422
300000 1 0.6623 300000 1.1575 215134 1:1 215134
385000 6 3.9735 2310000 8.9124 276088 1:1 1656528
400000 1 0.6623 400000 1.5433 286845 1:1 286845
461600 1 0.6623 461600 1.7809 331019 1:1 331019
500000 1 0.6623 500000 1.9291 358556 1:1 358556
525000 1 0.6623 525000 2.0256 376484 1:1 376484
769000 1 0.6623 769000 2.9670 551460 1:1 551460
770000 1 0.6623 770000 2.9708 552177 1:1 552177
843000 1 0.6623 843000 3.2525 604526 1:1 604526
1538000 2 1.3245 3076000 11.8678 1102919 1:1 2205838
2120000 1 0.6623 2120000 8.1794 1520279 1:1 1520279
2307600 1 0.6623 2307600 8.9032 1654809 1:1 1654809
3450000 1 0.6623 3450000 13.3108 2474039 1:1 2474039
4600000 1 0.6623 4600000 17.7477 3298718 1:1 3298718
151 100 25,918,800 100 18,586,704

C. Allocation to QIBs
The issuer received 12 valid applications for 12,968,000 equity shares against 17,500,000 equity shares reserved for this category resulting in subscription of 0.74 times. As per the Prospectus, the unsubscribed portion of QIB Category is spilt over to Non Institutional Investor Category (4,532,000 Equity Shares). Full allotment is made in this category. Category wise breakup under QIBs is as under-

Category FIs/Banks/lnsurance Companies FIIS MFs VCs Total
No. of Shares 12,968,000 Nil Nil Nil 12,968,000

Refunds will be made through ECS, DirectCredit and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Order is being dispatched to their address as registered with the depositories. In case the same is not received within ten working days, Investors may contact at the address given below. The -Refund Orders have been over-printed with the Bank Accounts 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 listing applications with BSE and NSE and trading in equity shares of the Company is expected to commence on September 16,2011.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Flnancial & Computer Services (P) Limited at www.beetalfinancial.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 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:

REGISTRAR TO THE ISSUE
BEETAL Financial & Computer Services Private Limited
Beetal House, 3rd Floor, 99 Madangir,
Behind Local Shopping Centre, Near Dada Harsukh Dass Mandir,
New Delhi -110 062. Tel.: +91 11 29961281, Fax: +9111 29961284,
Email: srs_ipo@beetalfinancial.com, Website: www. beetalfinancial.com,
Contact Person: Mr. Puneet Mittal
SEBI Registration No, INR000000262

Place: Faridabad
Date :13th September, 2011
for SRS LIMITED
Sd/-
Anil Jindal
Chairman