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. |