Alpa IPO Details

Issue Open Jul 12, 2007
Issue Close Jul 17, 2007
IPO Price ₹68
Face Value ₹10
IPO Size ₹64.60 Cr
Listing At BSE, NSE
IPO Lot Size 100

Alpa Laboratories Limited

(Incorporated as Alpa Laboratories Private Limited on March 18,1988 under the Companies Act, 1956 and convened to public limited company on September 3,1998 wth the name of Alpa Laboratories Limited)
Registered Office: 33/2. Pigdamber, A B. Road. Rau, District Indore -453446. Madhya Pradesh (The Registered office of our Company was changed from 104,Usha Nagar, Indore, Madhya Pradesh to 33/2, Pigdamber. A,B. Road, Rau. District. Indore -453446, Madhya Pradesh with effect from November 15,1998)
Tel: +91-0731-4020440 Fax: +91 0731-4020444;
Website: www.alpalabs.com; Email: ipo@alpalabs.com
Contact Person: Mr. Mukesh Kumar Gupta, Company Secretary & Compliance Officer.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 95,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS 68 PER EQUITY SHARE FOR CASH AGGREGATING RS 6460 LAKHS (HERE IN AFTER REFERRED TO AS THE "ISSUE"), INCLUDING EMPLOYEE RESERVATION OF 2,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS 68 PER EQUITY SHARE FOR CASH AGGREGATING RS 170 LAKHS (HERE IN AFTER REFERRED TO AS THE "EMPLOYEE RESERVATION PORTION") THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION SHALL BE 92,50,000 EQUITY SHARES OF RS. 10/- EACH (HERE IN AFTER REFERRED TO AS THE "NET ISSUE TO THE PUBLIC"). THE ISSUE WILL CONSTITUTE 44.06% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
This Issue was made through a 100% Book Building Process wherein not more than 50% of the Net Issue to Public shall be basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue to Public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue to Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subjed to valid bids being received at or above the issue price.
The issue opened for subscription on Thursday, July 12,2007 and closed on Tuesday July 17,2007.The Issue received 13,434 valid applications for 89,80,600 equity shares, including monies received from the underwriters, resulting in 0.945 times subscription. The details of the valid applications received In the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investor categories are as under

Category NO. Of Applications No. of Shares* Subscription
Qualified Institutional Buyers 3 827400 0.178
Non Institutional Investors 40 2725300 1.912
Retail Investors 13379 5422400 1.674
Employee 12 5500 0.022
TOTAL 13434 8980600 0.945

*After eliminating cheque returns, technical rejections monies received from underwriters.

Final Demand
A sample of the final demand at different bid prices is as under:

Bid Price No.of Shares % to Total Cumulative Total , Cumulative % to total
62.00 48600 0.47 48600 0.47
63.00 1700 0.02 50300 0.49
64.00 2500 0.02 52800 0.51
65.00 39100 0.38 91900 0.89
66.00 3100 0.03 95000 0.92
67.00 1400 0.01 96400 0.93
68.00 3323600 32.12 3420000 33.05
9999.00 6929000 66.95 10349000 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange The Bombay Stock Exchange Limited ("BSE") on July 27,2007.

A. Allocation to Retail Investors
The category was over subscribed 1.674 times. The total number of shares allocated in this category is 5422400 Equity Shares The category-wise details of the Basis of Allocation are as under:

Category No. Of Applns. Shares applied % to total Total No.of allocated % to total No. of Shares Ratio Total No. of Shares allocated
100 5854 43.76 585400 10.80 585400 Firm 585400
200 2295 17.15 459000 8.46 459000 Firm 459000
300 1065 7.96 319500 5.89 319500 Firm 319500
400 421 3.15 168400 3.11 168400 Firm 168400
500 617 4.61 308500 5.69 308500 Firm 308500
600 155 1.16 93000 1.72 93000 Firm 93000
700 772 5.77 540400 9.97 540400 Firm 540400
800 81 0.61 64800 1.20 64800 Firm 64800
900 17 0.13 15300 0.28 15300 Firm 15300
1000 166 1.24 166000 3.06 166000 Firm 166000
1100 13 0.10 14300 0.26 14300 Firm 14300
1200 18 0.13 21600 0.40 21600 Firm 21600
1300 8 0.06 10400 0.19 10400 Firm 10400
1400 1897 14.18 2655800 48.98 2655800 Firm 2655800

B. Allocation to Non Institutional Investors
The category was subscribed 1.912 times. The total-number of shares allocated in this category is 2725300 Equity Shares, including devolvement on underwriters. The details of basis of allocation under various categories are as under:

Category No.Of Applns. % to total Total No.of Shares applied % to total No. of Shares allocated Ratio Total No. of Share allocated
1500 2 5 3000 0.11 3000 Firm 3000
2000 2 5 4000 0.15 4000 Firm 4000
2500 1 2.5 2500 0.09 2500 Firm 2500
3000 1 2.5 3000 0.11 3000 Firm 3000
5000 1 2.5 5000 0.18 5000 Firm 5000
5800 1 2.5 5800 0.21 5800 Firm 5800
7300 4 10 29200 1.07 29200 Firm 29200
10000 3 7.5 30000 1.10 30000 Firm 30000
10300 1 2.5 10300 0.38 10300 Firm 10300
22000 3 7.5 66000 2.42 66000 Firm 66000
22100 1 2.5 22100 0.81 22200 Firm 22100
30000 1 2.5 30000 1.10 30000 Firm 30000
30900 2 5 61800 2.27 61800 Firm . 61800
36700 1 2.5 36700 1.35 36700 Firm 36700
39700 1 2.5 39700 1.46 39700 Firm 39700
44100 1 2.5 44100 1.62 44100 Firm 44100
73500 1 2.5 73500 2.70 73500 Firm 73500
73600 1 2.5 73600 2.70 73600 Firm 73600
75000 2 5 150000 5.50 150000 Firm 150000
100000 2 5 200000 7.34 200000 Firm 200000
111000 2 5 222000 8.15 222000 Firm 222000
150000 1 25 150000 5.50 150000 Firm 150000
184000 2 5 368000 13.50 368000 Firm 368000
295000 1 2.5 295000 10.82 295000 Firm 295000
300000 1 2.5 300000 11.01 300000 Firm 300000
500000 1 2.5 500000 18.35 500000 Firm 500000

C) Allocation to Employees
The category was subscribed 0.022 times. The details of basis of allocation under various categories are as under:

Category No. Of Applns. % to total Total No. of Shares applied % to total No. of Shares allocated Ratio Total No. of Shares allocated
100 4 33.33 400 7.27 400 Firm 400
200 2 16.67 400 7.27 400 Firm 400
400 2 16.67 800 14.55 800 Firm 800
900 1 8.33 900 16.36 900 Firm 900
1000 3 25.00 3000 54.55 3000 Firm 3000

D) Allocation to QIBs
As per SEBI guidelines, mutual funds were to be initially allocated 5% of the quantum of shares available but, as there were no Mutual Funds applicants the reserved portion for Mutual Funds was added back to the QIB category. The category was subscribed 0.178 times. The total number of shares allocated in this category is 827400 Equity Shares. The details of basis of allocation of some of the categories are as under:

Category FIs/Banks MFs FIIs VCs Total
No. of Shares 0 0 827400 0 827400

The Board of Directors of the Company at its Meeting held at Indore on July 28,2007 has approved the basis of allocation of shares and allocated the shares to various successful applicants.
The physical refund warrant information regarding refunds through electronic modes (ECS, RTGS, NEFT or Direct credit) and allotment advice have been dispatched to the address of the investors as registered with the depository on July 31,2007. In case the same is not received within ten (10) days, investors may contact the Registrar to the Issue at the address given below.
The equity shares allotted to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on July 31,2007.
The listing application has been filed with The Bombay Stock Exchange Limited and National Stock Exchange of India Limited on July 30,2007 & July 31,2007 respectively and the Company is taking steps to complete all formalities for listing and commencement of trading of equity shares on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within Seven working days of finalization of Basis of Allotment.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.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-applicant 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:

BIGSHARE SERVICES PRIVATE LIMITED
E/2 Ansa Industrial Estate,Saki ViharRoad, Saki Naka,
Andheri East, Mumbai 400072, Fax: +91-22-2847 5207
Tel. No: +91 -22-28470652/0653,
Email:ipo@bigshareonline.com, Website: www.bigshareonline.com.
Contact Person: Mr. N.V.K. Mohan

This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.



Place: Mumbai
Date: July 31,2007

For Alpa Laboratories Limited
Sd/-
Mukesh Kumar Gupta
Company Secretary

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 ALPA LABORATORIES LIMITED.

Alpa IPO Basis of Allotment FAQs

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

    Check the basis of allotment document above to know about how the shares are allocated in Alpa 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 Alpa IPO basis of allotment status?

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

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

  3. 3. What is Alpa IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Alpa 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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