Birla Shloka FPO Details

Issue Open Jan 11, 2010
Issue Close Jan 13, 2010
IPO Price ₹50
Face Value ₹10
IPO Size ₹24.78 Cr
Listing At BSE
IPO Lot Size 120

BIRLA SHLOKA EDUTECH LTD

(Incorporated as Rathi Mercantile Services Pvt Ltd on May 25,1992. Subsequently the company was converted into a public Limited company on March 16,1994 and the name was changed to Rathi Mercantile & Services Ltd. The name of the company was then changed to Rathi Mercantile Industries Ltd on May 23,1994. On February 12,2002, the name of the company was changed to Shloka Infotech Limited. Further the name of the company was changed to Birla Shloka Edutech Limited on December 26,2008.)
Registered Office: Industry House, 5th Floor, 159 Churchgate Reclamation, Mumbai- 400 020. Tel. No. +91 22 2202 6340 Fax No. +91 22 2282 8865
Corporate Office: Dalamal House, 1 st Floor, 206, J.B.Marg, Nariman Point Mumbai - 400 021. Tel. No: +91-22-6616 8400, Fax No: +91-22-2204 7835
Contact person: Ms. Jigna Parikh, Company Secretary & Compliance Officer E-mail: complianceofficer@birlashloka.com Web site: www.birlashloka.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 69,55,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 50/- PER EQUITY SHARE, AGGREGATING RS. 2477.50 LACS (THE 'ISSUE'). THE ISSUE COMPRISES PROMOTERS CONTRIBUTION OF 10,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 50/- PER EQUITY SHARE AGGREGATING TO RS. 500.00 LACS('PROMOTERS CONTRIBUTION') AND NET ISSUE TO THE PUBLIC ('THE NET ISSUE') OF 59,55,000 EQUITY SHARES AGGREGATING TO RS. 2977.50 LACS. THE ISSUE CONSTITUTES 45.97% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE OF RS. 50 PER EQUITY SHARE IS 5 TIMES OF THE FACE VALUE.

The Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion specifically reserved for Mutual Funds). Further atleast 15% of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and atleast 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
Our Company thanks all the Investors for their response to our Further Public Offer (FPO) which opened for subscription on January 11,2010 and closed on January 13,2010. The Issue received 4,723 applications for 83,72,660 Equity Shares (after cheque return) from Non-Institutional and Retail Individual Bidders resulting in an over subscription of 1.406 times. However no applications were received under QIB Category. The details of the applications received under Non-Institutional Bidders and Retail Individual Bidders categories are as under:(Before Technical & Multiple Rejections)

Category No. of Applications No. of shares bid Subscription
Non-Institutional Bidders 105 44,13,600 4.941
Retail Individual Bidders 4618 39,59,060 1.899
Total 4723 83,72,660 1.406

Final Demand
The final demand at different bid Prices is as under:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to total
45.00 86280 0.910 9480240 100.000
46.00 960 0.010 9393960 99.089
47.00 600 0.006 9393000 99.080
48.00 42600 0.449 9392400 99.073
49.00 1320 0.013 9349800 98.624
50.00 5530320 58.335 9348480 98.610
Cut-Off 3818160 40.275 3818160 40.275
TOTAL 9480240 100.00%

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ('BSE') on Monday, January 25,2010. Details of valid applications received and allotment done is as under:

A. Allocation to Retail Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs.50/-per Equity Share, was finalized in consultation with the BSE. The Company has received 4,360 valid applications for 37,58,880 Equity Shares in this category resulting in 0.901 times subscription. A total of 37,58,880 Equity Shares were allotted to the successful applicants under this category after considering a spill over of 20,84,250 Equity Shares from QIB Category. The category wise details of the Basis of Altotmentare given below.

Category No. of applications % to Total Total No. of
Equity Shares Applied
% to Total No. of Equity
Shares Allocated
Ratio Total No. of
Equity Shares Allocated
120 1388 31.83 166560 4.43 120 FIRM 166560
240 670 15.37 160800 4.28 240 FIRM 160800
360 208 4.77 74880 1.99 360 FIRM 74880
480 132 3.03 63360 1.69 480 FIRM 63360
600 133 3.05 79800 2.12 600 FIRM 79800
720 40 0.92 28800 0.77 720 FIRM 28800
840 19 0.44 15960 0.42 840 FIRM 15960
960 167 3.83 160320 4.27 960 FIRM 160320
1080 24 0.55 25920 0.69 1080 FIRM 25920
1200 45 1.03 54000 1.44 1200 FIRM 54000
1320 1 0.02 1320 0.04 1320 FIRM 1320
1440 8 0.18 11520 0.31 1440 FIRM 11520
1560 26 0.60 40560 1.08 1560 FIRM 40560
1680 2 0.05 3360 0.09 1680 FIRM 3360
1800 21 0.48 37800 1.01 1800 FIRM 37800
1920 1476 33.85 2833920 75.39 1920 FIRM 2833920

B. Allocation to Non Institutional Bidders (Alter Technical Rejections)
The Basis of Allotment to the Non Institutional Bidders, who bid at the Issue Price of Rs.50 per Equity Share, was finalized in consultation with the BSE. The Company has received 96 valid applications for 43,09,800 Equity Shares in this category resulting in 1.962 times subscription. A total of 21,96,120 Equity Shares were allotted to the successful applicants under this category after considering a spill over of 8,93,250 Equity Shares from QIB Category. The category wise details of the Basis of Allotment are given below.

Category No. of applications % to Total Total No. of
Equity Shares Applied
% to Total No. of
Equity Shares Allocated
Ratio Total No. of
Equity Shares Allocated
2040 2 2.08 4080 0.09 1040 FIRM 2080
3960 4 4.17 15840 0.37 2018 FIRM 8072
4920 8 8.33 39360 0.91 2507 FIRM 20056
6000 15 15.63 90000 2.09 3057 FIRM 45855
6480 1 1.04 6480 0.15 3302 FIRM 3302
6960 10 10.42 69600 1.61 3547 FIRM 35470
7920 5 5.21 39600 0.92 4036 FIRM 20180
9960 13 13.54 129480 3.00 5075 FIRM 65975
10080 2 2.08 20160 0.47 5136 FIRM 10272
10200 1 1.04 10200 0.24 5198 FIRM 5198
12000 3 3.13 36000 0.84 6116 FIRM 18348
14040 1 1.04 14040 0.33 7154 FIRM 7154
19200 1 1.04 19200 0.45 9784 FIRM 9784
19920 1 1.04 19920 0.46 10151 FIRM 10151
20040 2 2.08 40080 0.93 10212 FIRM 20424
24000 1 1.04 24000 0.56 12230 FIRM 12230
38520 1 1.04 38520 0.89 19628 FIRM 19628
45960 1 1.04 45960' 1.07 23420 FIRM 23420
48000 1 1.04 48000 1.11 24459 FIRM 24459
49920 5 5.21 249600 5.79 25437 FIRM 127185
80040 1 1.04 80040 1.86 40786 FIRM 40786
99960 1 1.04 99960 2.32 50936 FIRM 50936
100080 2 2.08 200160 4.64 50997 FIRM 101994
159960 2 2.08 319920 7.42 81510 FIRM 163020
199920 9 9.38 1799280 41.75 101872 FIRM 916848
249960 2 2.08 499920 11.60 127371 FIRM 254742
350400 1 1.04 350400 8.13 178551 FIRM 178551

The FPO Committee of the Company, at a meeting held in Mumbai, on January 27,2010 has approved the Basis of Allotment and recommended the allotment of Equity Shares to the successful applicants.

The CAN-cum-Refund Orders and ECS/RTGS Intimation has been dispatched to the address of the investors as registered with the depositories. In case the same are not received within ten days, investors may contact the Registrar to the Issue 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 the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned, The Company has received Listing and Trading Permission from the Bombay Stock Exchange Limited Designated Stock Exchange) vide their letters dated January 27,2010 and January 29,2010 respectively.

INVESTORS PLEASE NOTE

These details of the allocation will also be available on the website of the Registrar to the Issue, Bigshare Service Private Limited, at http://www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting the full name of the First/Sole applicants, Serial Number of the Bid-cum-Application Form, Number of shares bid for, Nameof the Member of the Syndicate and Place where the bid was submitted and payment details the address given below:

Bigshare Services Private Limited
E-2,Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri [E], Mumbai - 400 072
Tel: +91 - 22 - 2847 3747/3474 Fax: +91 - 22 - 2847 5207
Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty

Place: Mumbai
Date: February 1, 2010
For Birla Shloka Edutech Ltd.
On behalf of Board of Directors
Sd/-
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 BIRLA SHLOKA EDUTECH LIMITED.

Birla Shloka FPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Birla Shloka FPO?

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

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

    Visit the Birla Shloka FPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Birla Shloka FPO allotment process?

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








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