Chittorgarh logo
Contact Us   Facebook   Go
IPO
  • IPO Dashboard
  • Current IPO List
  • IPO Calendar
  • Performance Tracker
  • Grey Mkt Premiums
  • Recommendations
  • IPO Ratings
  • IPO Reviews
  • Basis of Allotment
  • IPO Alerts
  • IPO Prospectus Docs
  • IPO Reports
  • IPO News
  • IPO FAQs
  •    Answer IPO FAQs
  • IPO Alert Blog
  • Stock Gadgets
  • Discussion Forums
  • IPO Message Board
  • Stock Message Board
  • Bonds / FDs
  • Current IPO's
    More IPO's...
    Subscribe with us...
     Free Email Alerts
     Name
     Email 

     Free SMS Alerts
    India Stock Market
  • Stock Message Board
  • Stock Market Home
  • NSE Bulk Deals
  • NSE Circuit Filters
  • Corporate
         Announcements
  • Market Holidays
  • Stock Trading Brokers
  • Online Trading
  • Comparison Table
  • ICICI Direct
  • Sharekhan
  • Indiabulls
  • 5Paisa
  • Motilal Oswal
  • HDFC Securities
  • Reliance Money
  • IDBI Capital
  • Religare
  • Geojit
  • Commodity Brokers
  • Angel Commodities
  • Indiabulls Commodity
  • Unicon Commodities
  • SMC Comtrade Ltd
  • IPO Registrars
  • Intime Spectrum
  • Karvy
  • More IPO Managers..
  • Indo Thai Securities Limited IPO Basis of Allotment

      

    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