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INDO THAI SECURITIES LIMITED
Our Company was incorporated on 19th January, 1995, as "Indo Thai
Securities Limited" under the provisions of the Companies Act, 1956 with Registrar of
Companies, Gwalior, Madhya Pradesh, and Commencement of Business dated 8th February, 1995.
For details of changes in our registered office, see the section titled "History and
Certain Corporate Matters" beginning on page no.112 of the Red Herring Prospectus.
Our Corporate Identity No. is U67120MP1995PLC008959.
REGISTERED OFFICE: 16, 4th Floor, Dawa Bazar, R.N.T.
Marg, Indore-452001, Madhya Pradesh, India.
Tel. No. + 91 -731- 2705420/22, Fax No. +
91 -731- 2705423, Website: www.indothai.co.in
Email: ipo@indothai.co.in;
Contact Person: Mr. Anurag Kumar Saxena, Company Secretary & Compliance Officer
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 40,00,000 EQUITY SHARES OF RS 10/- EACH AT A PRICE OF RS 74 PER
EQUITY SHARE (INCLUDING A PREMIUM OF RS 64 PER EQUITY SHARE) FOR CASH AGGREGATING UPTO RS
2960 LAKHS (THE "ISSUE"), BY INDO THAI SECURITIES LIMITED (THE
"COMPANY" OR THE "ISSUER"). THE ISSUE WILL CONSTITUTE 40.00% OF THE
FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS 10/- EACH FOR A CASH AT A PRICE OF RS 74/- EACH
THE ISSUE PRICE IS 7.4 TIMES OF THE FACE VALUE
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited. ("BSE") & National Stock Exchange of India Limited.
("NSE")
This Issue was made through a 100% Book Building Process wherein upto 50% of the Net
Issue will be allocated to Qualified Institutional Buyers (QIBs) 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 to Mutual Funds
only. Mutual Fund Bidders shall also be eligible for proportionate allocation under the
balance available for the QIBs. Further, at least 15% of the Net Issue shall be available
for allocation on a proportionate basis to Non Institutional Bidders and at least 35% of
the Net Issue shall be available for allocation on a proportionate basis to Retail
Individual Bidders, as per the allotment procedure specified in the regulations, subject
to valid bids being received at or above the Issue Price.
The Issue received 2359 applications for 4639680 equity shares from Qualified
Institutional Buyers, Non-Institutional and Retail Individual Bidders resulting in 1.16
times subscription. The details of the applications received in the Issue from QIBs,
Non-Institutional and Retail Individual Investors categories are as under: (Before
technical rejections)
| Category |
No. of Applications |
No.of Shares |
No. of times Subscription |
| Retail Individual Bidders |
2356 |
4630080 |
3.31 |
| Non Instititutional Bidders |
3 |
9600 |
0.02 |
| Qualified Institutional Investors |
0 |
0 |
0 |
| Total |
2359 |
4639680 |
1.16 |
Final Demand
The final demand at different bid prices is as under:
| Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
| 84.00 |
311920 |
6.63 |
4700800 |
99.96 |
| 77.00 |
80 |
0.00 |
4700880 |
99.96 |
| 75.00 |
80 |
0.00 |
4700960 |
99.96 |
| 74.00 |
80 |
0.00 |
4701040 |
99.96 |
| 70.00 |
1840 |
0.04 |
4702880 |
100.00 |
| CUTOFF |
4388880 |
93.32 |
4388880 |
93.32 |
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on 28" October, 2011
A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or
at the Issue Price of Rs 74 per Equity Share, was finalized in consultation with BSE. This
category has been over subscribed to the extent of 3.27 times. The total number of shares
allotted in Retail Individual Investor category is 3990400 Equity Shares to 2299
successful applicants which includes the spill over of 20,00,000 equity shares from QIB
Category and 590400 equity shares from Non-Institutional Category. The category-wise
details of the Basisof Allocation are as under:
| Category |
No. of Applications Shares applied |
% to total |
Total No. of Equity Shares allocated |
% to total |
No. of Equity Shares allocated |
Ratio |
Total No. of Equity |
| 80 |
132 |
5.74 |
10560 |
0.23 |
9214 |
29:33 |
9280 |
| 160 |
31 |
1.35 |
4960 |
0.11 |
4328 |
1:1 |
4340 |
| 240 |
15 |
0.65 |
3600 |
0.08 |
3141 |
1:1 |
3135 |
| 320 |
6 |
0.26 |
1920 |
0.04 |
1675 |
1:1 |
1674 |
| 400 |
9 |
0.39 |
3600 |
0.08 |
3141 |
1:1 |
3141 |
| 480 |
11 |
0.48 |
5280 |
0.12 |
4607 |
1:1 |
4609 |
| 560 |
6 |
0.26 |
3360 |
0.07 |
2932 |
1:1 |
2934 |
| 640 |
2 |
0.09 |
1280 |
0.03 |
1117 |
1:1 |
1116 |
| 720 |
7 |
0.30 |
5040 |
0.11 |
4397 |
1:1 |
4396 |
| 800 |
3 |
0.13 |
2400 |
0.05 |
2094 |
1:1 |
2094 |
| 880 |
3 |
0.13 |
2640 |
0.06 |
2303 |
1:1 |
2304 |
| 960 |
1 |
0.04 |
960 |
0.02 |
838 |
1:1 |
838 |
| 1040 |
1 |
0.04 |
1040 |
0.02 |
907 |
1:1 |
907 |
| 1120 |
205 |
8.92 |
229600 |
5.02 |
200329 |
1:1 |
200285 |
| 1200 |
13 |
0.57 |
15600 |
0.34 |
13611 |
1:1 |
13611 |
| 1280 |
2 |
0.09 |
2560 |
0.06 |
2234 |
1:1 |
2234 |
| 1360 |
1 |
0.04 |
1360 |
0.03 |
1187 |
1:1 |
1187 |
| 1440 |
4 |
0.17 |
5760 |
0.13 |
5026 |
1:1 |
5024 |
| 1520 |
9 |
0.39 |
13680 |
0.30 |
11936 |
1:1 |
11934 |
| 1600 |
1 |
0.04 |
1600 |
0.03 |
1396 |
1:1 |
1396 |
| 1680 |
6 |
0.26 |
10080 |
0.22 |
8795 |
1:1 |
8796 |
| 1760 |
1 |
0.04 |
1760 |
0.04 |
1536 |
1:1 |
1536 |
| 1840 |
1 |
0.04 |
1840 |
0.04 |
1605 |
1:1 |
1605 |
| 2000 |
1 |
0.04 |
2000 |
0.04 |
1745 |
1:1 |
1745 |
| 2320 |
1828 |
79.51 |
4240960 |
92.73 |
3700306 |
1:1 |
3699872 |
|
|
|
|
|
|
6:27 |
407 |
| TOTAL |
2299 |
100.00 |
4573440 |
100.00 |
3990400 |
|
3990400 |
B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue
Price of Rs 74 per Equity Share, was finalized in consultation with BSE. This category has
been subscribed to the extent of 0.02 times. The total number of shares allotted in this
category is 9600 Equity Shares to 03 successful applicants. Unsubscribed portion of Non
Institutional Investor Category for 590400 shares spilled over to Retail Category. The
category-wise details of the Basis of Allocation are under:
| Category |
No. of Applications |
% to total |
Total No. of Equity Shares applied |
% to total |
No. of Equity Shares allocated |
Ratio |
Total No. of Equity Shares allocated |
| 2400 |
1 |
33.33 |
2400 |
25.00 |
2400 |
1:1 |
2400 |
| 2800 |
1 |
33.33 |
2800 |
29.17 |
2800 |
1:1 |
2800 |
| 4400 |
1 |
33.33 |
4400 |
45.83 |
4400 |
1:1 |
4400 |
| TOTAL |
3 |
100.00 |
9600 |
100.00 |
9600 |
|
9600 |
C. Allocation to QIBs
| Category |
FIS/Banks |
MFs |
Flls |
Insurance Companies |
Total |
| No. of Shares |
0 |
0 |
0 |
0 |
0 |
The Board of Directors of the Company at its Meeting held at Registered Office of the
Company on 28th October, 2011 has taken on record the basis of allocation of shares
approved by the Designated Stock Exchange the Bombay Stock Exchange Limited (BSE) and has
authorised the Corporate Action for the transfer of shares to various successful
applicants.
Dates of dispatch of Refund Warrants, Credit to Beneficiary Accounts, Refund
Instructions and Listing Details
| Activity |
Date of Completion |
| Approval of Basis of Allotment by BSE |
28th October, 2011 |
| Instructions to the Self Certified Syndicate Banks (SCSBs) by the Registrar |
29thOctober, 2011 |
| Dispatch of Allotment Advices .Refund Warrants and ECS Intimation Note |
29thOctober, 2011 |
| Refund Instructions to the Clearing System (in case of Refunds through ECS system) |
29thOctober, 2011 |
| Credit to Beneficiary Accounts |
29thOctober, 2011 |
| Listing Application to BSE & NSE |
31stOctober, 2011 |
Refunds have been made through NECS and Direct Credit into the Bank Accounts of
applicants, as registered with the Depositories. For other applicants refund warrant have
been dispatched to the address of the investors as registered with the depositories. In
case the same is not received within ten days, investors may contact at the address given
below. The refund warrant has been over-printed with the Bank Mandate details as
registered, if any, with the depositories. The shares allocated to successful applicants
have been 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 Bombay Stock Exchange Limited and National Stock Exchange
of India Limited on 2nd November, 2011 subject to receipt of necessary
approvals.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the
Issue, Sharepro Service at website: www.shareproservices.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:
SHAREPRO SERVICES (INDIA) PRIVATE LIMITED
607/608, Sagar Tech Plaza, AWing, Sakinaka Junction,
Andheri (East), Mumbai - 400 072, Maharashtra - India
Tel: +91-22-61915402/5404, Fax:+91-22-61915444
SEBI REGN NO: INR000001476
Email Id: indothai.ipo@shareproservices.com
Website: www.shareproservices.com
Contact Person: Mr. Subhash Dhingreja/ Mr. Satheesh H. K.
Place: Indore
Date: 1st November, 2011 |
For INDO THAI SECURITIES LIMITED
on behalf of Board of Directors
Sd/-
Managing Director |
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