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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