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Hanung IPO Details

Issue Open Sep 28, 2006
Issue Close Oct 5, 2006
IPO Price ₹95
Face Value ₹10
IPO Size ₹90.25 Cr
Listing At BSE, NSE
IPO Lot Size 60

HANUNG TOYS AND TEXTILES LIMITED

(Originally Incorporated as on October 10, 1990 as 'Hanung Toys (India) Private Limited' under the Companies Act, 1956 at New Delhi. The name was changed to Hanung Toys (India) Limited on May 23,1996 and then subsequently to
Hanung Toys and Textiles Limited on January 9, 2006)
Registered Office: E-93, 2nd Floor, Greater Kallash Enclave, Part I, New Delhi-110 048; (For details on changes of our Registered Office, please refer to the chapter titled 'History and Other Corporate Matters' beginning on page 82 of the Prospectus.) Tel.: +91112624 2122; Fax: +91112624 1822.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 95,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PREMIUM OF RS. 85 PER EQUITY SHARE AND AT A PRICE OF RS. 95/- PER EQUITY SHARE FOR CASH AGGREGATING RS. 9025 LAKH (HEREINAFTER REFERRED TO AS 'THIS ISSUE'). THIS ISSUE COMPRISES OF RESERVATION OF 5,00,000 EQUITY SHARES AGGREGATING RS. 475 LAKH FOR ELIGIBLE EMPLOYEES ON A COMPETITIVE BASIS AND THE NET ISSUE TO THE PUBLIC OF 90,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT PREMIUM OF RS. 85 PER EQUITY SHARE AND AT A PRICE OF RS. 95 PER EQUITY SHARE FOR CASH AGGREGATING RS. 8550 LAKH. THE NET ISSUE WOULD CONSTITUTE 35.73% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY
THE FACE VALUE PER EQUITY SHARE IS RS 10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 95/- AND IT IS 9.5 TIMES THE FACE VALUE.

The Issue made through the 100% Book Building Process wherein up to 50% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (Including 5% of the 01B portion that was to specifically be allotted to mutual funds), further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue 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 31,208 applications for 8,39,30,540 equity shares resulting In 8.83 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Employees of the Company and Retail Individual Investor categories areas under: (Before technical rejections)

Category No. of Applications No. of Shares Subscription
Qualified Institutional Buyers 71 55085220 12.24
Non Institutional Investors 164 13890900 10.29
Employees 50 140940 0.28
Retail Individual Investors 30921 14813480 4.70

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

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
86 225420 0.27 84896580 100.00
88 540 0.00 84671160 99.73
87 8280 0.01 84670620 99.73
B8 60 0.00 84662340 99.72
89 3000 0.00 84882280 99.72
90 165300 0.19 84659280 99.72
91 22200 0.03 84493980 99.53
92 10380 0.01 84471780 99.50
93 1200 0.00 84461400 99.49
94 60 0.00 84460200 99.49
96 & at Cut Off 84460140 99.49 84460140 99.49
84898580 100.00

The Basis of Allocation was finalized in consultation with Bombay Stock Exchange Limited ('BSE') on 13 '' October, 2006.

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Eligible Employees of the Company, who nave bid at cut-off or at and above the Issue Price of Rs.95/- per Equity Snare, was finalized in consultation with BSE. The category was subscribed to the extent of 0.28 times. Hence FULL and FIRM allotments nave been made against all valid applications The total number of 140940 equity snares were allotted In this category. The spill over portion of 359060 equity snares has been added to Qualified Institutional Bidders, Non-Institutional Investors and Retail Individual Investors categories in the ratio of 50:15:35.

B.Allocation to Retell Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who nave bid at cut-off or at the Issue Prioe of Rs.95/- per Equity Snare, was finalized in consultation with BSE. The category was oversubscribed 4.44 times. The total number of snares allotted in this category is 3275671 Equity Shares. The category-wise details of the Basis of Allocation 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
60 4100 13.60 246000 1.69 60 3:13 56760
120 3436 11.40 412320 2.84 60 4:9 91620
180 2084 6.91 375120 2.58 60 2:3 83340
240 1700 5.64 408000 2.81 60 8:9 90660
300 1643 5.45 492900 3.39 68 FIRM 111724

ADDITIONAL

1 7:25 460
360 709 2.35 255240 1.76 81 FIRM 57429
420 465 1.54 195300 1.34 95 FIRM 44175
480 6914 22.94 3318720 22.82 108 FIRM 746712
540 391 1.30 211140 1.45 122 FIRM 47702
600 356 1.18 213600 1.47 135 FIRM 48060
660 48 0.16 31680 0.22 149 FIRM 7152
720 108 0.36 777760 0.53 162 FIRM 17496
780 61 0.20 47580 0.33 176 FIRM 10736
840 56 0.19 47040 0.32 189 FIRM 10584
900 113 0.37 101700 0.70 203 FIRM 22939
960 142 0.47 136320 0.94 216 FIRM 30672
1020 7815 25.93 7971300 54.82 230 FIRM 1797450

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue Price of Rs.95/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 9.88 times. The total number of shares allotted in this category is 1403859 Equity Shares. 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
1080 16 10.13 17280 0.12 109 FIRM 1744
1200 5 3.16 6000 0.04 121 FIRM 605
5100 2 1.27 10200 0.07 516 FIRM 1032
6000 1 0.63 6000 0.04 607 FIRM 607
10500 8 5.06 84000 0.61 1063 FIRM 8504
12000 3 1.90 36000 0.26 1214 FIRM 3642
25200 1 0.63 25200 0.18 2550 FIRM 2550
31560 1 0.63 31560 0.23 3194 FIRM 3194
50520 1 0.63 50620 0.36 5113 FIRM 5113
105240 3 1.90 315720 2.28 10651 FIRM 31953
112200 1 0.63 112200 0.81 11355 FIRM 11355
184200 1 0.63 184200 1.33 18642 FIRM 18642
199980 1 0.63 199980 1.44 20239 FIRM 20239
201000 1 0.63 201000 1.45 20342 FIRM 20342
315780 1 0.63 315780 2.28 31958 FIRM 31959
1578900 1 0.63 1578900 11.38 159794 FIRM 159794

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SERI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (2,33,977) and other QIBs-and unsatisfied demands of Mutual Funds were allotted the remaining available shares (44,45,553) on proportionate basis.

Category Fls/Banks MFs Flls ICs Total
No of Shares 751747 1511591 2399118 17074 4679530

Pursuant to Clause 6.8.3.2 (g) of the SEBI (Disclosure and Investor Protection Guidelines), 2000 and Item no. 20 of the Notes to the Capital Structure (page no. 23) of the Prospectus dated October 10, 2006 the Company has rounded-off fractional Equity Shares to the nearest multiple of one (1) Equity Share.

The Board of Directors of the company at it's Meeting held at the Corporate Office of the Company at 108-109, NSEZ, Industrial Area- Phase II, NOIDA (UP), on 14' October, 2006 has approved the basis of allocation of shares of the Issue and 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, n 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
This details of the allocation made would be hosted on the website of Registrars to the Issue, Darvy 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 bid-cumapplication form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: Hanung Toys, Karvy House, 46, Avenue 4, Street No.1,
Banjara Hills, Hyderabad-500034, Fax: 040-23420814
Email: hanung.ipo@karvy.com   and mailmanager@karvy.com

TOLL FREE - HELPLINE NUMBER- 1-800-3454001

 

Place : NOIDA
Date : 16 October, 2006

For Hanung Toys and Textiles Limited
Sd/
Arvind Kumar Gupta
Company Secretary

Hanung IPO Basis of Allotment FAQs

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

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

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

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