Issue Open | Sep 29, 2006 |
Issue Close | Oct 6, 2006 |
IPO Price | ₹26 |
Face Value | ₹10 |
IPO Size | ₹185.90 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 250 |
DEVELOPMENT CREDIT BANK LIMITED (Being a company Incorporated under the Companies Act, 1955 and a banking company within the meaning of the Banking Regulation Act, 1949 pursuant to its conversion from Development Co-operative Bank Limited, a co-operative bank, to a joint stock banking company on May 31, 1995.) Registered office: 154, S.V. Patel Road (East), Dongri,
Mumbai - 400 009 Telephone: 91-22-2289 9999; BASIS OF ALLOCATION PUBLIC ISSUE OF 71,500,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 26 PER EQUITY SHARE AGGREGATING RS. 1,859 MILLION BY DEVELOPMENT CREDIT BANK LIMITED (THE "BANK" OR "ISSUER") (THE "ISSUE"). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 68,997,500 EQUITY SHARES OF RS. 10 EACH (THE "NET ISSUE") AGGREGATING RS. 1793.93 MILLION AND A RESERVATION FOR ELIGIBLE EMPLOYEES OF 2,502,500 EQUITY SHARES OF RS. 10 EACH AGGREGATING RS. 65.06 MILLION, AT THE ISSUE PRICE. THE ISSUE WOULD CONSTITUTE 48.43% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE BANK. ISSUE PRICE Rs. 26 PER EQUITY SHARE. THE ISSUE PRICE IS 2.6 TIMES OF THE FACE VALUE The Issue made through the 100% Book Building Process where up to 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 that was to specifically be allotted to mutual funds). Further, not less than 15% of the net issue to the public shall be available for allocation on. a proportionate basis to Non-Institutional Bidders and not less than 35% of the net issue to the public shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 201,255 applications for 2,521,237,600 equity shares resulting in 35.26 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retell Individual Investors and Employee and categories are as under (Before technical rejections):
Final Demand
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on October 18, 2006. A. Allocation to Employees
B. Allocation to Retail Investors
C. Allocation to Non Institutional Investors
D.Allocation to QIBs
The IPO Committee of the Bank at its Meeting held at Mumbai on October 19, 2006 has adopted the basis of allocation of shares of the Issue as approved by the Bombay Stock txcnange Limited area has allotted the shares to various successful applicants. The Refund Orders and allotment advice and notice has 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 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 INTIME SPECTRUM REGISTRY LIMITED |
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Place: Mumbai Date: October 23, 2006 |
For Development Credit Bank Limited |
The DCB IPO basis of allotment (published above) tells you how shares are allocated to you in DCB IPO and category wise demand of IPO share.
Visit the DCB IPO allotment status page to check the number of shares allocated to your application.
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