Celestial Labs IPO Details

Issue Open Jun 18, 2007
Issue Close Jun 22, 2007
IPO Price ₹60
Face Value ₹10
IPO Size ₹30.00 Cr
Listing At BSE, NSE
IPO Lot Size 90

CELESTIAL LABS LIMITED

(Incorporated as Celestial Technologies (P) Limted on 19th November 1997 with the Registrar of Companies, Andhra Pradesh, Hyderabad and subsequently converted into Public Limited Company on 6* December 1999 and name was changed to Celestial Technologies limited. The name of the Company was further changed to
Celestial Labs Limited on 13th February 2004)
Registered Office: 231/A. Road No 12, MLA Colony, Banjara Hills. Hyderabad - 500034
Tel.: 91-40-23540008,23552799. Fax:91-40-23542844
Email: ipo@celestiallabs.com Website: www.celestiallabs.com
Contact Person: Mr. N.V. Ramana Mutiny, Compliance Officer and Sr. Finance Manager

BASIS OF ALLOCATION

PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. SO/- PER EQUITY SHARE) AGGREGATING TO RS 3000 LACS (REFERRED TO AS 'THE ISSUE'). THE ISSUE COMPRISED A RESERVATION OF 2,00,000 EQUTY SHARES FOR SUBSCRIPTION BY EMPLOYEES AND THE NET OFFER TO THE PUBLIC OF 48,00,000 EQUITY SHARES OF RS.10/-EACH FOR CASH AT A PRICE OF RS.60A PER EQUITY SHARE. THE ISSUE CONSTITUTES 44.67% OF THE FULLY DILUTED POST ISSUE CAPITAL OF CELESTIAL LABS LIMITED. ('COMPANY' OR 'ISSUER').
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 60/- AND IT IS 6 TIMES THE FACE VALUE.

The Board of Directors of Celestial Labs Limited wish to thank the investing public, for their response to the Issue which opened for subscription on 18th June, 2007 and closed on 22nd June, 2007. The Issue has received 16,591 applications for 1,33,84,445 Equity Shares resulting in 2.67 times subscription. The Basis of allotment was finalised in consultation with the Designated Stock Exchange Bombay Stock Exchange Limited ('BSE') on 6th July, 2007. The details of the Applications received in the Issue from NRI/FMs, Non-Retail Investors, Retail Individual Investors and Employee categories (before technical rejections) are as under:

Category No. of Applications No. of Equity Shares Subscription
NRI/Flls 96 2871090 1.59
Non Retail Investors 45 1335380 3.44
Retail Individual Investors 16438 9161815 3.50
Employees 12 16160 0.08

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have applied at the issue Price of Rs 60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.08 times. Hence FULL and FIRM allotments have been made against all valid applications. The total number of shares allotted in this category is 16020 Equity Shares to 12 successful applicants. The unsubscribed portion of 183980 equity shares has been added to NRI / Flls category.

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have applied atthe Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 3.44 times. The total number of shares allotted in this category is 2611905 Equity Shares to 11623 successful applicants. The category-wise details of the Basis of Allocation (Sample) 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
90 4171 26.21 375390 4.18 90 9:31 109080
180 2615 16.43 470700 5.24 90 18:31 136620
270 1759 11.05 474930 5.28 90 13:15 137160
360 741 4.66 266760 2.97 105 FIRM 77805
450 710 4.46 319500 3.56 131 FIRM 93010
540 377 2.37 203580 2.27 157 FIRM 59189
630 142 0.89 89460 1.00 183 FIRM 25986
720 845 5.31 608400 6.77 209 FIRM 176605
810 1052 6.61 852120 9.48 235 FIRM 247220
ADDITIONAL 1 13:20 684
900 249 1.56 224100 2.49 262 FIRM 65238
990 76 0.48 75240 0.84 288 FIRM 21888
1080 131 0.82 141480 1.57 314 FIRM 41134
1170 25 0.16 29250 0.33 340 FIRM 8500
1260 25 0.16 31500 0.35 366 FIRM 9150
1350 82 0.52 110700 1.23 392 FIRM 32144
1440 23 0.14 33120 0.37 419 FIRM 9637
1530 31 0.19 47430 0.53 445 FIRM 13795
1620 2860 17.97 4633200 51.56 471 FIRM 1347060

C. Allocation to Non Retail Investors (After Technical Relectlons)
The Basis of Allocation to the Non-Retail Investors, who have applied at the Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 3.44 times. The total number of shares allotted In this category is 388095 Equity Shares to 45 successful applicants. The category-wise details of the Basis of Allocation (Sample) 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
90 1 2.22 90 0.01 90 FIRM 90
1620 1 2.22 1620 0.12 471 FIRM 471
2700 3 6.67 8100 0.61 785 FIRM 2355
3600 1 2.22 3600 0.27 1046 FIRM 1046
10080 1 2.22 10080 0.75 2930 FIRM 2930
13500 1 2.22 13500 1.01 3924 FIRM 3924
16650 2 4.44 33300 2.49 4839 FIRM 9678
17100 2 4.44 34200 2.56 4970 FIRM 9940
20700 1 2.22 20700 1.55 6016 FIRM 6016
25200 1 2.22 25200 1.89 7324 FIRM 7324
40500 1 2.22 40500 3.03 11771 FIRM 11771
84240 1 2.22 84240 6.31 24483 FIRM 24483
125010 1 2.22 125010 9.36 36332 FIRM 36332
166680 1 2.22 166680 12.48 48443 FIRM 48443
225000 1 2.22 225000 16.85 65393 FIRM 65393
266670 1 2.22 266670 19.97 77440 FIRM 77440

D. Allocation to NRI/ Fits
The Basis of Allocation to the NRI / Flls, who have applied at the Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 1.44 times. The total number of shares allotted in this category is 1983980 Equity Shares to 12 successful applicants. The category-wise details of the Basis of Allocation (Sample) 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
90 1 2.22 90 0.01 90 FIRM 90
90 19 19.79 1710 0.06 90 FIRM 1710
180 14 14.58 2520 0.09 124 FIRM 1736
270 14 14.58 3780 0.13 187 FIRM 2618
360 10 10.42 3600 0.13 249 FIRM 2490
450 6 6.25 2700 0.09 311 FIRM 1866
540 2 2.08 1080 0.04 373 FIRM 746
900 7 7.29 6300 0.22 622 FIRM 4354
990 2 2.08 1980 0.07 684 FIRM 1368
1080 1 1.04 1080 0.04 746 FIRM 746
10080 1 1.04 10080 0.35 6965 FIRM 6965
199980 1 1.04 199980 6.97 138190 FIRM 138190
400050 1 1.04 400050 13.93 276442 FIRM 276442
416610 1 1.04 416610 14.51 287886 FIRM 287886
678330 1 1.04 678330 23.63 468739 FIRM 468739
1116990 1 1.04 . 1116990 38.90 771333 FIRM 771333

The Committee of Directors of the company at it's Meeting held at Hyderabad on 6th July, 2007 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.
The Allotment advise-cum-Refund Orders have been 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 the 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, Karvy Computershare Private Limited at www.karvy.com or http://kcpl.karvy.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 application form, number of shares applied for, and Place where the application was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: Celestial Labs Plot No. 17 to 24, Vitharao Nagar, Hriech City Road, Madhapur
Hyderabad 500081,
Fax: 040-23420814 Email: einward.ris@karvy.com

TOLL FREE HELPLINE NUMBER 1-800-3454001



Place: Hyderabad
Date : 9 July, 2007

For CELESTIAL UBS Limited
Sd/-
N V Ramana Murthy
Sr. Fin. Manager & Compliance Officer

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 CELESTIAL LABS LIMITED.

Celestial Labs IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Celestial Labs IPO?

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

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

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

  3. 3. What is Celestial Labs IPO allotment process?

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








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App