Autoline IPO Details

Issue Open Jan 8, 2007
Issue Close Jan 12, 2007
IPO Price ₹225
Face Value ₹10
IPO Size ₹75.00 Cr
Listing At BSE, NSE
IPO Lot Size 25

AUTOLINE INDUSTRIES LIMITED

Originally incorporated as Autoline Stampings Private Limited vide Registration No: 11-104510 on December 16 ,1996 in Mumbai under the Companies Act, 1956 and subsequently changed its name to Autoline Industries Private Limited on 10th January, 2006 and then converted into Autoline Industries Limited, a "Public Limited Company on 13th January, 2006 vide its CIN: U34300PN1996PLC104510.
Registered Office: T-135, MIDC, Bhosari, Pune - 411026.
Tel.: 020-27128961/62, 30682011/12; Fax: 020-27110540; Website: www.autolineind.com
E-mail: ipo@autolineind.com Contact Person: Mr. Ashutosh B Kulkami - Company Secretary & Compliance Officer.

Unit - I: S. No. 825, Kudalwadi, Post Chikhali, Taluka Haveli, Pune-412114; Tel. No.: 020-27490022/5610;
Fax No.: 020- 27490092; Unit-II: S. No. 291 to 296, Nanekarwadi, Taluka Khed, Dist-Pune-410501
Tel. No.: 952135-563035; Unit-III: T-135, MIDC, Bhosari, Pune -411026; Tel, No.: 020-27128961/62, 30682011/12; Fax: 020-27110540; Unit- IV: S. No.313, 314,320 to 323, Nanekarwadi, Chakan, Taluka Khed, Pune -410501; Tel. No.: 952135-563035; Unit-V: F-II, 24/25 MIDC, Pimpri, Puns -411018; Tel. No.: 020-27477376177; Fax: 020-27474034.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 33,33,333 EQUITY SHARES THROUGH 100% BOOK BUILDING PROCESS OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF PS. 225, AGGREGATING RS. 750 MILLION (HEREIN AFTER REFERRED TO AS "THE NET ISSUE"). THE ISSUE WOULD CONSTITUTE 32.15% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF AUTOLINE INDUSTRIES LIMITED.

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- THE ISSUE PRICE OF Rs.225 PER EQUITY SHARE IS 22.5 TIMES OF THE FACE VALUE.

The issue was made through the 100% Book Building process where at least 50% of the net issue to the public shall be allocated on proportionate basis to Qualified Institutional Buyers (5% of the QIB portion shall be available for allocation on proportionate basis for Mutual Funds only). If at least 50% of the net issue cannot be allocated to QIBs, then the entire application money will be refunded. Further not less than 15% of the net Issue to the public shall be available for allocation to Non-Institutional Bidders and not less than 35% of the net issue to the public shall be available for allocation to Retail Individual Investors on proportionate basis, subject to the valid bid received at or above the issue price.

The Issue received 73959 applications for 63683875 equity shares resulting in 19.34 times subscription. The details of the applications received (Before Technical Rejections) in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual Bidders are as under:

Category No. of Applications No. of Shares Subscription
Qualified Institutional Buyers 46 30488525 18.2931
Non Institutional Investors 171 17374150 34.7483
Retail Investors 73742 15821200 13.561

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
200 320375 0.3971 80670600 100.0000
201 143400 0.1778 80350225 99.6028
202 1125 0.0014 80206825 99.4251
203 25 0.0000 80205700 99.4237
204 300 0.0004 80206675 99.4236
205 23125 0.0287 80205375 99.4233
206 425 0.0005 80182250 99.3946
208 100 0.0001 80181825 99.3941
209 25 0.0000 80181725 99.3939
210 250575 0.3106 80181700 99.3939
211 350 0.0004 79931125 99:0833
212 136325 0.1690 79930775 99.0829
213 2250 0.0028 79794450 98.9139
214 88000 0.1091 79792200 98.9111
215 12761875 15.8197 79704200 98.8020
217 75 0.0001 66942325 82.9823
218 75 0.0001 66942250 82.9822
219 86075 0.1067 66942175 82.9821
220 2373800 2.9426 66856100 82.8754
221 25 0.0000 64482300 79.9328
222 2675 0.0033 64482275 79.9328
223 75 0.0001 64479600 79.9294
224 150 0.0002 64479525 79.9293
225 48944200 60.6717 64479375 79.9292
cutoff 15535175 19.2575 15535175 19.2575
Total 80670600

The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on January 23, 2007.

A) Allocation to Retail Individual Bidders:

The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at and above the Issue Price of Rs.225/- per Equity Share, was finalized in consultation with BSE (the designated stock exchange). The category was over subscribed 13.4111 times. The total number of shares allotted in this category is 1166666, Equity Shares. The category-wise details of the Basis of Allocation are as under

Category No. of
Applications
% to
Total
Total no. of
Shares applied
% to Total No. of Shares
allocated
Ratio Total No. of
Shares allocated
25 8939 12.27 223400 1.43 25 7:94 16575
50 7237 9.94 361850 2.31 25 7:47 26950
75 2863 3.66 199725 1.28 25 21:94 14875
100 8055 11.06 805500 5.15 25 14:47 59975
125 1762 2.42 220250 1.41 25 35:94 16400
150 1569 2.16 235350 1.50 25 21:47 17525
175 616 0.85 107800 0.69 25 49:94 8025
200 17371 23.86 3474200 22.20 25 31:50 269250
225 886 1.22 199350 1.27 25 34:47 16025
250 749 1.03 187250 1.20 25 39:47 15550
275 159 0.22 43725 0.28 25 24:25 3825
300 426 0.59 127800 0.82 25 FIRM 10650
325 117 0.16 38025 0.24 25 FIRM 2925
350 134 0.18 46900 0.30 26 FIRM 3484
375 69 0.09 25875 0.17 28 FIRM 1932
400 839 1.15 335600 2.14 30 FIRM 25170
425 21211 29.14 9014675 57.61 31 FIRM 657541

B) Allocation to Non Institutional Bidders:

The Basis of Allocation to the Non institutional Bidders, who have bid at and above the Issue Price of Rs.225/- per Equity Share, vas finalized in consultation with BSE (the designated stock exchange). The category was subscribed 34.6817 times. The total number of shares allotted in this category is 500000 Equity Shares. A sample of category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of Shares applied % to Total No. of Shares allocated Ratio Total No. of Shares allocated
500 22 14.10 11000 0.06 25 6:11 300
1325 2 1.28 2650 0.02 38 FIRM 76
2200 7 4.49 15400 0.09 63 FIRM 441
4000 1 0.64 4000 0.02 115 FIRM 115
6000 1 0.64 6000 0.03 173 FIRM 173
8875 2 1.28 17750 0.10 258 FIRM 512
13300 1 0.64 13300 0.08 383 FIRM 383
17750 1 0.64 17750 0.10 512 FIRM 512
40500 1 0.64 40500 0.23 1168 FIRM 1168
90000 2 1.28 180000 1.04 2595 FIRM 5190
175000 1 0.64 175000 1.01 5046 FIRM 5046
675000 1 0.64 675000 3.89 19463 FIRM 19463
1333000 1 0.64 1333000 7.69 38425 FIRM 38425

C) Allocation to Qualified Institutional Bidders(QIBs)
Allocation to QIBs (1666667 shares) have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited (Designated Stock Exchange). As per SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available for QIBs (83333 shares). The remaining number of shares applied for by Mutual Funds were added to the other QIB applications and then available shares in the QIB category (1583334 shares) were allotted on proportionate basis to all QIB applicants including Mutual Funds. The sectoral cap and other limits applicable to the holding of shares in the company have been taken into account while allotting shares. Mutual Funds were allotted 17.3305% and other QIB applicants were allotted 82.6695% of the shares in the QIB segment.

Category FIs/Banks MFs FIIs Insurance Companies Total
No. of Shares 470094 288841 907732 - 1666667

The IPO Committee of the company at its Meeting held at Mumbai on January 24,2007 has approved the basis of allocation
of shares of the Issue and has allotted the shares to various successful applicants.

The Refund Orders will be 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 Orders have been over-printed with the Bank Mandate details as registered, If any, with the depositories. The shares allocated to successful applicants are being 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 within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE: This details of the allocation made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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 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:

INTIME SPECTRUM REGISTRY LIMITED, C-13, Pannalal Silk Mills Compound, LBS Road, Bhandup (W),
Mumbal 400078, India. Tel: +91 22 25960320, Fax: +91 22 25960329.

Date : :24.01.2007
Place : Mumbai

For AUTOLINE INDUSTRIES LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

NOTE: THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF THE COMPANY

Autoline IPO Basis of Allotment FAQs

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

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

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

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

  3. 3. What is Autoline IPO allotment process?

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