Cords Cable IPO Basis of Allotment

Cords Cable Industries Limited

(Our Company was incorporated on October 21, 1991 as Cords Cable Industries Private Limited. Our Company became Deemed Public Company by virtue of Section 43A (1A) of the Companies Act, 1956, with effect from July 1, 1997. Our Company became a Private Limited Company due to insertion ot clause 11 to Section 43A on February 6, 2003 and was later converted into a Public Limited Company in the name and style of "Cords Cable Industries Limited* and a fresh Certificate of Incorporation was obtained on May 10, 2006)
Registered & Corporate Office: B-1 / A-26, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi - 110 044. Tel.: +91-11-41676222, Fax. +91-11-26951196; Website: www.cordscable.com Company Secretary and Compliance Officer. Ms. Jyoti Dixit Gupta Email: ipo@cordscable.com.

PUBLIC ISSUE OF 30,85,000 EQUITY SHARES OF RS. 10/- EACH ISSUED FOR CASH AT A PRICE OF RS. 135/- PER EQUITY SHARE AGGREGATING RS. 4164.75 LACS (THE "ISSUE") OF CORDS CABLE INDUSTRIES LIMITED ("THE COMPANY" OR "THE ISSUER") INCLUDING EMPLOYEE RESERVATION OF 70,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 135/- EACH FOR CASH AGGREGATING RS. 94.50 LACS AND THE NET ISSUE TO THE PUBLIC OF 30,15,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 135/- EACH FOR CASH AGGREGATING RS. 4070.25 LACS ("NET ISSUE TO PUBLIC"). THE ISSUE WOULD CONSTITUTE 27.00% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY. THE NET ISSUE TO THE PUBLIC WOULD CONSTITUTE 26.38% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE IS RS 135/- PER EQUITY SHARE AND IS 13.5 TIMES THE FACE VALUE.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
The Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue has been allocated on a proportionate basis to Qualified Institutional Buyers (QIBs) (Including 5% of the QiB portion specifically reserved for Mutual Funds). Further, at least 15% of the Net Issue has been allocated on a proportionate basis to Non- Institutional Bidders and at least 35% of the Net Issue has been allocated on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 10564 applications for 14278550 Equity Shares resulting in 4.6284 times subscription. The details of the applications received in the Issue from Qualified institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under: (before technical rejection)

Final Demand
A sample of the final demand at different bid prices is as under

The Basis of Allocation for all the categories was finalized In consultation with the Bombay Stock Exchange Limited (BSE), the Designated Stock Exchange on February 5, 2008.
The final demand at different bid prices and allocation of shares in following four categories is as under:

A. Allocation to Employees (after Technical Rejections)
The Basis of Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs. 135/- per Equity Share was finalized in consultation with BSE. The category was over subscribed 1.0129 times. The total number of Equity Shares allotted in this category is 70000 Equity Shares to 13 successful applicants. The category wise details of the Basis of Allocation (sample) are as under:

B. Allocation to Retail Individual Investors (after Technical Rejections)
The Basis of Allocation to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 135/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 2.3019 times. The total number of Equity Shares allotted in this category is 1055252 Equity Shares to 8232 successful applicants. The category-wise details of Basis Of Allocation are as under

C. Allocation to Non-Institutional Investors (after technical rejections)
The Basis of Allocation to Non-lnstitutional Investors, who have bid at the Issue Price of Rs. 135/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 2.9849 times. The total number ol Equity Shares allotted in this category is 452248 Equity Shares to 57 successful applicants. The category-wise details of Basis of Allocation are as under, (sample)

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI (Disclosure and Investor Protection) Guidelines, 2000, Mutual Funds were initially allotted 5% of the quantum of shares available (75375) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (1432125) on proportionate basis.

Dates of dispatch of refund orders, credit to beneficiary accounts, refund instructions and listing details

Refunds have been made through ECS, RTGS, NEFT and Direct Credit, into the Bank Accounts of applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI.. For other applicants the Refund Orders have been dispatched. In case the same is not received within ten days, applicants may contact the Registrar at the address given below. ECS intimation Note and Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to the successful applicants have been credited to their beneficiary accounts.
The Company is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the Basis of Allotment.

INVESTORS PLEASE NOTE

These details of the allocation made would be hosted on the website of the Registrar to the issue, Intime Spectrum Registry Limited at www.intimespectrum.com.
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, serial number of the bld-cum-application form, number of Equity Shares bid for, name of the Member of Syndicate and place where the bid was submitted and payment details at the address given below:

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalai Silk Mills Compound, LBS Marg
Bhandup (West), Mumbai- 400 078.
Tel: 91 22 2596 0320 Fax: 91 22 2596 0329
Email:swapann@intimespectrum.com