ACI IPO Details

Issue Open Oct 19, 2007
Issue Close Oct 23, 2007
IPO Price ₹12
Face Value ₹10
IPO Size ₹6.00 Cr
Listing At BSE
IPO Lot Size

ALLIED COMPUTERS INTERNATIONAL (ASIA) LIMITED

(Registration No. 11-135829)

(Originally incorporated as Allied Computers International {Asia) Private limited on 09" May 2002 with the Registrar of Companies, Maharashtra State, Mumbai. The name of the Company was changed frorn Allied Computers International (Asia) Private Limited to Allied Computers International (Asia) Limited vides Fresh Certificate of Incorporation dated July 8, 2003).

Registered Office: Originally the registered office was located at 32, Queen's View, Juhu Road, Santacruz (West), Mumbai -400 054 and was changed to 501-503, Morya Estate, New link Road, Andheri (W), Mumbai 400053w.e.f 24th September 2004.
Tel: +91-022-6640 7000; Fax: +91-022-2673 3119
Contact Person: Mr. Suresh H Gangan, Company Secretary and Compliance Officer
E-mail: ipo@aci-asia.com Website: http://www.aci-asia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ISSUED FOR CASH AT A PREMIUM OF Rs. 2/- PER SHARE AGGREGATING TO Rs. 600.00 LAKHS (HEREINAFTER REFFERE0 TO AS THE 'ISSUE') BY ALLIED COMPUTERS INTERNATIONAL (ASIA) LIMITED (THE 'COMPANY' OR 'ISSUER'). THE ISSUE PRICE OF RS.12/- PER EQUITY SHARE IS 1.2 TIMES OF THE FACE VALUE.

The issue made in terms of clause 2.2.2 (a) (ii) and b (i) of SEBI (DIP) Guidelines, 2000 as amended from time to time, wherein the "Project" has at least 15% participation by Financial Institutions / Scheduled Commercial Banks, ot which at least 10% comes from the appraisers), in addition to this, at least 10% of the issue size shall be allotted to QIBs, failing which the full subscription monies shall be refunded.
The Board of Directors thanks the investing public for their overwhelming response to the Public issue, which opened for subscription on October 19, 2007 and closed on October 23, 2007. The company received 18,747 gross applications tor 15,45,66,500 equity shares (including applications from QIB) resulting in 30.91 times subscription out of which 299 applications for 1367000 shares have been rejected on technical grounds and a total of 18448 valid applications for 15,31,99,500 shares are considered. The details of the valid applications received in the Issue from Retail, Non Institutional Investor and Qualified Institutional Investor are as under

Category No. of Shares Allocated/ Offered No. of valid Applications No. of Shares Subscription as multiple of offer (times)
Qualified Institutional Buyers 5,00,000 5 35,00,000 7.00
Non Institutional Investors 16,20,000 147 53302000 32.90
Retail Investors 28,80,000 18296 96397500 33.47
Total 50,00,000 18448 153199500 30.63

The shares arrived in respect of HNI [36%] and Retail [64%] categories are based on the proportionate shares subscribed In the Net issue to the Public Portion.
As required under the Listing Agreement, the Basis of Allotment was finalized in consultation with The Bombay Stock Exchange Limited on November 16, 2007.
A. Allocation to Retail Investors
The Basis of Allocation to the Retail investors was finalized in consultation with BSE. The category was subscribed 33.47 times. The total number of shares allotted in this category is 28,84,000 Equity Shares. The category-wise details of the Basis of Allocation are as under:

No. of Shares applied for (Cat wise) Number of applns
received
% to total Total No.
of Shares
applied in
each category
% to total Proportion ate
shares
available
Allocation per Applicant Ratio of allottees Number of
successful
applicants
(after
rounding
off)
% to
total
Total No, of Shares
allocated/
allotted
% to
total
Before rounding off After rounding off
500 1986 10.65 993000 1.03 29667 14.94 500 1:33 60 1.04 30000 1.04
1000 1520 8.31 1520000 1.58 45412 29.88 500 3:50 91 1.58 45500 1.58
1500 761 4.16 1141500 1.18 34104 44.81 500 1:11 69 1.20 34500 1.20
2000 1401 7.66 2802000 2.91 83713 59.75 500 3:25 168 2.91 84000 2.91
2500 343 1.87 857500 0.89 25619 74.69 500 5:33 52 0.90 26000 0.90
3000 236 1.29 708000 0.73 21152 89.63 500 2:11 43 0.75 21500 0.75
3500 80 0.44 280000 0.29 8365 104.57 500 17:80 17 0.29 8500 0.29
4000 1606 8.78 6424000 6.66 191925 119.51 500 11:46 384 6.66 192000 6.66
4500 141 0.77 634500 0.66 18957 134.44 500 24:89 38 0.66 19000 0.66
5000 138 0.75 690000 0.72 20616 149.38 500 7:23 42 0.73 21000 0.73
5500 13 0.07 71500 0.07 2136 164.32 500 5:13 5 0.09 2500 0.09
6000 110 0.60 660000 0.68 19718 179.26 500 4:11 40 0.69 20000 0.69
6500 21 0.11 136500 0.14 4078 194.20 500 3:7 9 0.16 4500 0.16
7000 28 0.15 196000 0.20 5856 209.13 500 3:7 12 0.21 6000 0.21
7500 26 0.14 195000 0.20 5826 224.07 500 6:13 12 0.21 6000 0.21
8000 9886 54.03 79088000 82.04 2362856 239.01 500 11:23 4726 81.93 2363000 81.93
GRAND TOTAL 18296 100 96397500 100 2880000 5768 100 2884000. 100

B. Allocation to Non Institutional Investors

The Basts of Allocation to the Non institutional investors was finalized in consultalion with BSE. The category was subscribed 32.90 times. The total number of shares allotted in this category is 16,21,477 Equity Shares. The categorywise details of the Basis of Allocation are as under:

No. of Shares applied for (Category wise) No. of appln received % to total Total No:
of Shares
applied in
each
category
% to total Proportion ate
shares
available
Allocation per Applicant Ratio of allottees to
applicants
Number of
successful
applicants
(after
rounding
off)
% to
total
Total No.of
Shares
allocated/
allotted
% to
total
Before
rounding
off
After
rounding off
8500 30 20.41 255000 0.48 7750 258.34 500 8:15 16 12.80 8000 0.49
9000 3 2.04 27000 0.05 824 273.54 500 2:3 2 1.60 1000 0.06
9500 3 2.04 28500 0.05 866 288.73 500 2:3 2 1.60 1000 0.06
10000 16 10.88 160000 0.30 4863 303.93 500 5:8 10 8.00 5000 0.31
10500 1 0.68 10500 0.02 319 319.12 500 1:1 1 0.80 500 0.03
12000 3 2.04 36000 0.07 1094 364.71 500 1:1 3 2.40 1500 0.09
12500 1 0.68 12500 0.02 380 379.91 500 1:1 1 0.80 500 0.03
15000 1 0.68 15000 0.03 456 455.89 500 1:1 1 0.80 500 0.03
16000 2 1.36 32000 0.06 973 486.29 500 1:1 2 1.60 1000 0.06
18500 1 0.68 18500 0.03 562 562.27 562 1:1 1 0.80 562 0.03
20000 1 0.68 20000 0.04 608 607.86 608 1:1 1 0.80 608 0.04
22000 1 0.68 22000 0.04 669 668.64 669 1:1 1 0.80 669 0.04
24000 1 0.68 24000 0.05 729 729.43 729 1:1 1 0.80 729 0.04
25000 2 1.36 50000 0.09 1520 759.82 760 1:1 2 1.60 1520 0.09
27500 1 0.68 27500 0.05 836 835.80 836 1:1 1 0.80 836 0.05
30000 3 2.04 90000 0.17 2735 911.79 912 1:1 3 2.40 2736 0.17
34000 2 1.36 68000 0.13 2067 1033.36 1033 1:1 2 1.60 2066 0.13
40000 7 4.76 280000 0.53 8510 1215.71 1216 1:1 7 5.60 8512 0.52
41500 1 0.68 41500 0.08 1261 1261.30 1261 1:1 1 0.80 1261 0.08
50000 3 2.04 150000 0.28 4559 1519.64 1520 1:1 3 2.40 4560 0.28
63000 2 1.36 126000 0.24 3829 . 1914.75 1915 1:1 2 1.60 3830 0.24
80000 2 1.36 160000 0.30 4363 2431.43 2431 1:1 2 1.60 4862 0.30
80500 1 0.68 80500 0.15 2447 2446.62 2447 1:1 1 0.80 2447 0.16
81000 1 0.68 81000 0.15 2462 2461.82 2462 1.1 1 0.80 2462 0.15
82000 1 0.68 82000 0.15 2492 2492.21 2492 1:1 1 0.80 2492 0.15
83000 1 0.68 83000 0.18 2523 2522.61 2523 1:1 1 0.80 2523 0.16
90000 4 2.72 360000 0.68 10941 2735.36 2735 1:1 4 3.20 10940 0.67
100000 8 5.44 800000 1.50 24314 3039.29 3039 1:1 8 6.40 24312 1.50
125000 3 2.04 375000 0.70 11397 3799.11 3799 1:1 3 2.40 11397 0.70
150000 4 2.72 600000 1.13 18236 4558.93 4559 1:1 4 3.20 18236 1.12
170000 1 0.68 170000 0.32 5167 5166.79 5167 1:1 1 0.80 5167 0.32
200000 3 2.04 600000 1.13 18236 6078.57 6079 1:1 3 2.40 18237 1.12
208000 2 1.36 416000 0.78 12643 6321.71 6322 1:1 2 1.60 12644 0.78
225000 2 1.36 450000 0.84 13677 6838.39 6838 1:1 2 1.60 13676 0.84
250000 2 1.36 500000 0.94 15196 7598.21 7598 1:1 2 1.50 15196 0.94
350000 1 0.68 350000 0.66 10637 10637.50 10637 1:1 1 0.80 10637 0.66
416500 2 1.36 833000 1.56 25317 12658.62 12659 1:1 2 1.60 25318 1.56
420000 1 0.68 420000 0.79 12765 12765.00 12765 1:1 1 0.80 12765 0.79
585000 1 0.68 585000 1.10 17780 17779.82 17780 1:1 1 0.80 17780 1.10
830000 1 0.68 830000 1.56 25226 25226.07 25226 1:1 1 0.80 25226 1.56
833000 1 0.68 833000 1.56 25317 25317.25 25317 1:1 1 0.80 25317 1.56
833500 1 0.68 833500 1.56 25332 25332.45 25332 1:1 1 0.80 25332 1.56
841500 2 1.36 1683000 3.16 51151 25575.59 25576 1:1 2 1.60 51152 3.15
1000000 1 0.68 1000000 1.88 30393 30392.86 30393 1:1 1 0.80 30393 1.87
1083000 1 0.68 1083000 2.03 32915 32915.46 32915 1:1 1 0.80 32915 2.03
1250000 1 0.68 1250000 2.35 37991 37991.07 37991 1:1 1 0.80 37991 2.34
1500000 1 0.68 1500000 2.81 45589 45589.28 45589 1:1 1 0.80 45589 2.81
1675000 3 2.04 5025000 9.43 152724 50908.03 50908 1:1 3 2.40 152724 9.42
2500000 5 3.40 12500000 23.45 379911 75982.14 75982 1:1 5 4.00 379910 23.43
3300000 1 0.68 3300000 6.19 100296 100296.42 100296 1:1 1 0.80 100296 6.19
3330000 2 1.36 6660000 12.49 202416 101208.21 101208 1:1 2 1.60 202416 12.48
4165000 1 0.68 4165000 7.81 126586 126586.24 126586 1:1 1 0.80 126586 7.81
4200000 1 0.68 4200000 7.88 127850 127649.99 127650 1:1 1 0.80 127650 7.87
GRAND TOTAL 147 100 53302000 100 1620000 125 100 1621477 100

C. Allotment to QIBs
The Basis of Allocation to the Qualified Institutional Buyers was finalized in consultation with BSE. The category was subscribed 7.00 times. The total number of shares allotted in this category is 5,00,000 Equity Shares. The categorywise details of the Basis of Allocation are as under:

Category Fls/Banks MFs Flls Insurance Companies VCs Total
No. of Shares NIL NIL 5,00,000 NIL NIL 5,00,000

The Directors of the Company at It's Meeting held at Mumbai on November 17, 2007 has approved the basis of allocation. The Refund Orders has been dispatched on November 19, 2007 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 Orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants has been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company has taken steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited for which the company has received listing approval from BSE on November 22, 2007 and the trading is commencing from November 23, 2007.

INVESTORS PLEASE NOTE: This details of the allocation made are being hosted on the website of Registrars to the issue, Bigshare Services Private Limited at www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrars to the Issue quoting full name of the First/ Sole applicant, Serial number of the application form, number of shares applied for, name of the Bank through which application was submitted and payment details at the address given below:

BIGSHARE SERVICES PRIVATE LIMITED
E-2/3, Ansa Industrial Estate, Saki Vihar Road.Sakinaka, Andheri (E), Mumbai-400072;
Tel: 91 22 28470652; Fax: 91 22 28475207, e-mail: ipo@bigshareonline.com;
Website: www.biashareonline.com. Contact Person: Mr. N.V.K. Mohan

Place : Mumbai
Date : November 22, 2007
For ALLIED COMPUTERS INTERNATIONAL (ASIA) LTD.
Sd/-
Hirji Kanji Patel
Managing Director

ACI IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in ACI IPO?

    Check the basis of allotment document above to know about how the shares are allocated in ACI IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is ACI IPO basis of allotment status?

    The ACI IPO basis of allotment (published above) tells you how shares are allocated to you in ACI IPO and category wise demand of IPO share.

    Visit the ACI IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is ACI IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in ACI IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
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