Issue Open | Apr 15, 2008 |
Issue Close | Apr 17, 2008 |
IPO Price | ₹35 |
Face Value | ₹10 |
IPO Size | ₹14.00 Cr |
Listing At | BSE |
IPO Lot Size | 200 |
AISHWARYA
TELECOM LIMITED
(The Company was incorporated as Aishwarya Telecom Private Limited on June 2,1995 with the Registrar of Companies, Andhra Pradesh, Hyderabad and took over the business of the partnership firm named 'Advanced Electronics & Communications System'. Subsequently, it was converted into a Public Limited Company on July 12, 2005 in terms of Section 31 (1 )/44 of the Companies Act, 1956 and the name of the Company was changed to Aishwarya Telecom Limited and a fresh Certificate of Incorporation obtained from the Registrar of Companies, Andhra Pradesh, Hyderabad). (For details of changes in Registered Office of the Company, please refer to page no.7 of the Prospectus.) Registered Office: 3-C Samrat Commercial Complex, Opp. A G
Office, Saifabad, Khairatabad, Hyderabad, Andhra Pradesh, India, Pin - 500
004, Telephone: +91 40 2323 6019,2323 5439; Fax: +91 40 2329 6282, E-mail:ipo@aishwaryatelecom.com; Website: www.aishwaryatelecom.com BASIS OF ALLOTMENT INITIAL PUBLIC ISSUE OF 40,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 35/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 25/- PER EQUITY SHARE) AGGREGATING RS. 1400 LAKHS (HEREINAFTER REFERRED TO AS "THE ISSUE"). THE ISSUE COMPRISES A RESERVATION FOR ELIGIBLE EMPLOYEES OF UPTO 1,00,000 EQUITY SHARES OF RS. 10 EACH ('THE EMPLOYEE RESERVATION PORTION") AGGREGATING RS. 35 LAKHS AND THE NET ISSUE TO THE PUBLIC OF 39,00,000 EQUITY SHARES OF RS. 10 EACH ("THE NET ISSUE") AGGREGATING RS. 1365 LAKHS
ISSUE PRICE IS RS. 35/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH. The Issue is being made through the 100% Book Building Process wherein up to 50% of the Issue size shall be allocated on a proportionate basis to Qualified Institutional Buyers(QIBs), out of which 5% will be available for allocation on a proportionate basis to Mutual Funds. The remaining QIB portion shall be available for allotment on a proportionate basis to 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 size would be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue size would be 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 opened for subscription on April 15,2008 and closed on April 17,2008. The Issue received 28688 applications for 76362200 Equity Shares resulting in 19.09 times subscription. As advised by SEBI, the Company has published a public notice on 19.04.2008 in newspapers and the Individual intimation letters regarding the public notice have been sent to all the applicants (Including QIBs) on 23.04.2008 Under Certificate of Posting (UCP).The Company had given an option to all applicants (including QIBs) to withdraw their bids application made in the IPO within a period often (10) days from the date of Public Notice. The last date for receipt of withdrawal was up to 5:30 p.m. on April 28,2008.In terms of the Public Notice the Registrar to the Issue has taken into account all the withdrawal requests received till 5.30 p.m. on 28th April, 2008 through fax, post, courier and hand delivery. In view of the above, the Registrar has received requests for withdrawal of 21 applications for 512200 shares. After considering the above withdrawals, the issueremained oversubscribed 18.96 times. The Issue received 28688 applications for 76362200 equity shares resulting in 19.09 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under: (After withdrawal and before technical rejections)
Final Demand
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on April 30,2008.
B) Allocation to Retail Individual Investors (After Technical
Rejections)
C) Allocation to Non Institutional Investors (After Technical Rejections)
D) Allocation to QIBs
The Board of Directors of the company at it's Meeting held at Hyderabad on May 2nd,
2008 has approved the basis of allocation of shares and has allotted the shares to various
successful applicants. INVESTORS PLEASE NOTE
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF AISHWARYA TELECOM LIMITED. |
The Aishwarya Telecom IPO basis of allotment (published above) tells you how shares are allocated to you in Aishwarya Telecom IPO and category wise demand of IPO share.
Visit the Aishwarya Telecom IPO allotment status page to check the number of shares allocated to your application.
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