Bedmutha IPO Details

Issue Open Sep 28, 2010
Issue Close Oct 1, 2010
IPO Price ₹102
Face Value ₹10
IPO Size ₹91.80 Cr
Listing At BSE, NSE
IPO Lot Size 65

BEDMUTHA INDUSTRIES LIMITED

(The Company was incorporated as "Bedmutha Wire Company Private Limited' on August 23,1990 as a private limited company under the Companies Act, 1956 and the name was changed to "Bedmutha Industries Limited" with effect from November 18,2009. For details of changes in our name and our registered office, see "History and Certain Corporate Matters" on page 105 of the Prospectus).
Registered Office: A-32, STICE, Sinnar, Nashik - 422 103. Tel: 91- 2551 240481/240631/240068/240069; Fax: 91- 2551 240482. Corporate Office: B - 301/302, Sai Classic, off Palm Acres, Gavanpada, Mulund (East), Mumbai-400 081. Tel: (91 22) 2163 7675; Fax: (91 22) 2163 1667; Contact Person: Nilesh Amrutkar, Company Secretary and Compliance Officer; Email: ipo@bedmutha.com  Website: www.bedmutha.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 90,00,000 EQUITY SHARES OF RS. 10/- EACH OF BEDMUTHA INDUSTRIES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 102/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 92/- PER EQUITY SHARE) AGGREGATING TO RS. 9180 LACS (THE "ISSUE"). THE ISSUE CONSTITUTES 42.80% OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.
THE ISSUE PRICE IS RS. 102/- PER EQUITY SHARE. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/-. THE ISSUE PRICE IS 10.2 TIMES THE FACE VALUE OF THE EQUTY SHARES OF THE COMPANY.

This issue is being made throug the100% Book Building Process wherein upto 50% of the issue to the pblic shall be available for allotment on proportionate basis to qualified institutional Buyers ("QIBs"),subject to valid bids received at or above the Issue Price.Out of portion available for allotment to the QIBs, 5% shall be available for allotmenton a proportionate basis to Mutual Funds only and the remaining QIB portion shall be available for allotment on Proportionate basis to all QIBs, including Mutual Funds, subject to valid bids being received at or above the issue Price. Further, not less than 15% of theissue to the Public shall be available for allotment on a proportionate basis to Non institutional Bidders and not less than 35% of the issue to the public shall be available for alloment on a proportionate basis to Retail individual bidders being received at or above the issue price.
The Issue opened for subscription on September 28,2010 and closed on October 01,2010. The total number of applications received were 30,198 (including 2,784 ASBA Applications) for 6,84,52,475 Equity Shares resulting in 7.61 times subscription. The Basis of Allocation was finalized on October 11,2010, In consultation with the BSE, the Designated Stock Exchange.
The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories (Including ASBA applications) are as under: (before technical rejections)

Category No. of Applications No. of Equity Shares No. of times Subscribed
Qualified Institutional Buyers 4 29,95,785 0.67
Non Institutional Investors 118 3,91,98,640 21.76
Retail Individual Investors 30,076 2,62,58,050 0625

Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/issue Closing date at different bid prices is as detailed below:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to total
95 2,57,725 0.37 7,06,86.395 100.00
96 48,035 0.07 7,043,670 99.63
97 2,145 Negligible 7,03,60,635 99.56
96 5,42,165 0.77 7,03,78,490 99.56
99 650 Negligible 6,98,36,325 98.79
100 4,86,200 0.69 6,98,35,675 98.79
101 1,170 Negligible 6,93,49,475 98.10
102 4,30,79,205 60.94 6,93,48,305 98.10
CUTOFF 2,62,69,100 37.16 2,62,69,100 37.16
TOTAL 7,06,86,395 100.00

Allocation to Retail Individual Investors Including ASBA Applications (after technical rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut off and the Issue Price of Rs. 102/- per Equity Share, has been finalized on a proportionate basis, in consultation with BSE. The category was over subscribed 06.22 times. The total number of equity shares allocated in this category is 42,07,148 Equity Shares (including 4,198 Equity Shares for rounding off) which were allotted to 27,643 successful applicants. The spill over portion from QIB was 10,52,950 Equity Shares. The category-wise details of the Basis of Allocation are under:-

Category No. of Applns. % to total Total No. of
Equity Shares applied
% to total No. of Equity
Shares allocated
per applicant
Ratio Total No. of
Equity Shares allocated
65 1,786 5.989 1,16,090 0.444 65 11:68 18,785
130 605 2.029 78,650 0.301 65 10:31 12,675
195 326 1.093 63,570 0.243 65 16:33 10,270
260 195 0.654 50,700 0.194 65 11:17 8,190
325 157 0.527 51,025 0.195 65 30:37 8,255
390 83 0578 32,370 0.124 65 41:42 5,265
455 247 0.828 1,12,385 0.430 73 1:1 18,031
520 115 0.386 59,800 0.229 84 1:1 9,660
585 37 0.124 21,645 0.083 94 1:1 3,478
650 91 0.305 59,150 0.226 105 1:1 9,555
715 34 0.114 24,310 0.093 115 1:1 3,910
780 31 0.104 24,180 0.093 125 1:1 3,875
845 136 0.456 1,14,920 0.440 136 1:1 18,496
910 139 0.466 1,26,490 0.484 146 1:1 20,294
975 25,837 86.646 2,51,91,075 96.420 157 1:1 40,56,409

Allocation to Non Institutional Investors including ASBA Applications (after technical rejections)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 102/- per Equity Share, has been finalized on a proportionate basis, in consultation with BSE. The category was over subscribed 21.76 times. The total number of equity shares allocated to this category is 18,01,278 Equity Shares (including 13 Equity Shares for rounding off) which were allotted to 118 successful applicants. The spin over portion from QIB was 4,51,265 Equity Shares. The category-wise details of the Basis of Allocation is as under:

 Category No. of Applns. % to total Total No. of
Equity Shares applied
% to total No. of Equity
Shares allocated
per applicant
Ratio Totat No.
of Equity Shares allocated
1,040 1 0.847 1,040 0.003 65 1:1 65
1,485 2 1.695 2,990 0.008 69 1:1 138
1,950 1 0.847 1,950 0.005 90 1:1 90
2,860 2 1.695 6,720 0.015 131 1:1 262
2,990 2 1.695 5,980 0.015 137 1:1 274
3,900 3 2.542 11,700 0.030 179 1:1 537
4,875 4 3.390 19,500 0.050 224 1:1 896
4,940 7 5.932 34,580 0.068 227 1:1 1589
6,825 1 0.847 6,825 0.017 314 1:1 314
7,020 9 7.627 63,180 0.161 323 1:1 2907
8,840 1 0.847 8,840 0.023 406 1:1 406
9,750 4 3.390 39,000 0.099 448 1:1 1,792
9,815 2 1.695 19,630 0.050 451 1:1 902
9,380 3 0.847 29,640 0.076 454 1:1 1,362
11,245 1 0.847 11,245 0.029 517 1:1 517
14,690 4 3.390 58,760 0.150 675 1:1 2,700
17,615 1 0.847 17,615 0.045 809 1:1 809
19,500 2 1.695 39,000 0.099 896 1:1 1,792
24,570 1 0.847 24,570 0.063 1129 1:1 1,129
39,195 3 2.542 1,17,585 0.300 1801 1:1 5,403
43,095 1 0.847 43,095 0.110 1980 1:1 1,980
49,010 4 3.390 1,96,040 0.500 2252 1:1 9,008
49,075 4 3.390 1,96,300 0.501 2255 1:1 9,020
49,140 1 0.847 49,140 0.125 2258 1:1 2,258
50,050 6 5.085 3,00,300 0.766 2300 1:1 13,800
68,250 1 0.847 68,250 0.174 3136 1:1 3,136
73,515 2 1.695 1,47,030 0.375 3378 1:1 6,756
97,500 2 1.695 1,95,000 0.497 4480 1:1 8,960
98,020 1 0.847 98,020 0.250 4504 1:1 4,504
98,085 1 0.847 98,085 0.250 4507 1:1 4,507
99,970 1 0.847 99,970 0.255 4594 1:1 4,594
122,525 1 0.847 122,525 0.313 5630 1:1 5,630
143,000 1 0.847 1,43,000 0.365 6571 1:1 6,571
146,900 1 0.847 1,46,900 0.375 6750 1:1 6,750
147,030 2 1.695 2,94,060 0.750 6756 1:1 13,512
156,845 1 0.847 1,56,845 0.400 7207 1:1 7207
170,820 1 0.847 1,70,820 0.436 7850 1:1 7350
172,900 1 0.847 1,72,900 0.441 7945 1:1 7,945
175,500 1 0.847 1,75,500 0.448 8065 1:1 8,065
182,000 1 0.847 1,82,000 0.464 8363 1:1 8,363
185,900 1 0.847 185,900 0.474 8543 1:1 8543
191,750 1 0.847 1,91,750 0.489 8811 1:1 8811
196,040 3 2.542 5,88,120 1.500 9008 1:1 27,024
196,105 2 1.695 3,92,210 1.001 9011 1:1 18,022
196,170 1 0.847 1,96,170 0.500 9014 1:1 9,014
199,940 1 0.847 1,99,940 0.510 9188 1:1 9,188
245,115 1 0.847 2,45,115 0.625 11264 1:1 11,264
294,060 2 1.695 5,88,120 1.500 13513 1:1 27,026
294,450 1 0.847 2,94,450 0.751 13531 1:1 13,531
343,135 1 0.847 3,43,135 0.875 15768 1:1 15,768
343,200 1 0.847 3,43,200 0.876 15771 1:1 15,771
392,145 2 1.695 7,84,290 2.001 18020 1:1 36,040
490,165 2 1.695 9,80,330 2.501 22524 1:1 45,048
588,250 1 0.847 5,88,250 1.501 27031 1:1 27,031
980,395 1 0.847 9,80,395 2.501 45051 1:1 45,051
1,225,445 1 0.847 12,25,445 3.126 56312 1:1 56,312
1,862,705 1 0.847 18,62,705 4.752 85595 1:1 85,595
1,960,725 2 1.695 39,21,450 10.004 90100 1:1 1,80,200
2,450,955 1 0.847 24,50,955 6253 112627 1:1 1,12,627
4,049,955 1 0.847 40,49,955 10.332 186104 1:1 .1,86,104
4,411,745 1 0.847 44,11,745 11.255 202730 1:1 2,02,730
5,399,940 2 1.695 1,07,99,880 27.552 248139 1:1 4,96,278

Allocation to QIBs Including ASBA Applications
Allocation to QIBs has been finalized on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were to be initially are allocated 5% of the quantum of equity shares available i.e. 2,25,000 Equity Shares. However, there were no applications from Mutual Funds. The category was subscribed to the extent of 0.67 times and the total number of successful applicants  are 4.The  unsubscribed portion of this category is spill over to retail category (10,52,950 Equity Shares) and non- institutional category (4,51,265 Equity Shares) in the ratio of 70:30 respectively.

Category FIIs Banks MFS Totat
No. of Equity Shares allocated 2,995,785 NIL NIL 2,995,785

The IPO Committee of the Company at its meeting held on October 12,2010 has approved the Basis of Allocation of equity shares of the issue and has alloted the shares various successful applicants.

The CAN-cum-Refund Orders along with allotment advice and notices have been dispatched to the address of the bidders as registered with the depositories on or prior to October 13,2010. Further, the instructions to Self Certified Syndicate Banks ("SCSBs") have been dispatched on or prior to October 13,2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Order have been overprinted with the Bank mandate details as registered, if any, with the Depositories. The equity 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 BSE and NSE on 14th October, 2010.

INVESTORS PLEASE NOTE
The details of the allocation made would be hosted on the website of Registrars to the Issue, Mondkar Computers Private Limited at http://www.mondkarcomputers.com

All future correspondence may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial No. of the Bid cum Application Form, number of equity 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:

REGISTRAR TO THE ISSUE: Mondkar Computers Private Limited, 21, Shakil Niwas.Opp.Satya Sai Baba Temple, Mahakali Caves Road, Andheri East Mumbai-400093. Tel: +91 22 2820 7203-05,2825 7641 Fax: +91 22 2820 7207, Email: bedmutha_ipo@mondkarcomputers.com
Contact Person: Mr. RavindraUtekar

Bedmutha IPO Basis of Allotment FAQs

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

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

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

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

  3. 3. What is Bedmutha IPO allotment process?

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