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Hathway Cable IPO Details

Issue Open Feb 9, 2010
Issue Close Feb 11, 2010
IPO Price ₹240
Face Value ₹10
IPO Size ₹666.00 Cr
Listing At BSE, NSE
IPO Lot Size 25

HATHWAY CABLE & DATACOM LIMITED

Our company was origanally incorporated in Mumbai on August 7, 1959 as Chics Display Services Private Limited. For further details regarding changes made to the name of our Company and the registered office of our Company, please refer to page l02 of the Section titled "History and Certain Corporate Matters" of the Prospectus.

Registered and Corporate Office: "Rahejas", 4th floor, Corner of Main Avenue & V.P. Road , Santacruz (West) Mumbai-400 054 , Mharashtra, India Tel: (91 22) 2600 1306/08/09/10; Fax: (91 22) 2600 1307; Website: www.hathway.com; Email: info@hathway.net. Company Secretary and Compliance Officer: Mr. Milind Karnik;
Tel: (91 22 )2600 1306; Fax: (91 22) 2600 1307; E-mail: investorgrievance@hathway.net

BASIS OF ALLOTMENT

PUBLIC ISSUE OF UP TO 27,750,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") FOR CASH BY HATHWAY CABLE & DATACOM LIMITED ("THE COMPANY" OR THE "ISSUER") AT THE ISSUE PRICE OF RS. 240 PER EQUITY SHARE AGGREGATING UP TO RS. 6,660 MILLION (THE "ISSUE") CONSISTING OF A FRESH ISSUE OF UP TO 20,000,000 EQUITY SHARES BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 7,210,000 EQUITY SHARES BY MONET LIMITED AND 540,000 EQUITY SHARES BY MSPI MAURITIUS I LIMITED (TOGETHER REFERRED TO AS, "OFFER FOR SALE"). THE ISSUE WILL CONSTITUTE APPROXIMATELY 19.43% OF THE POST-ISSUE SHARE CAPITAL OF OUR COMPANY.

BID/ISSUE OPENED ON FEBRUARY 09, 2010, CLOSED ON FEBRUARY 11, 2010

The Equity Shares of the Company are proposed to be lited on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or about February 25, 2010

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 240/- AND IT IS 24 TIMES THE FACE VALUE. The Anchor Investor Issue pries is Rs. 240/- per Equity Share.

Pursuant to Rule 19(2) (b)of the Securities Contracts (Regulation) Rules, 1957 (the "SCRR"), this being an Issue for less than 25% of the post-Issue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated to Qualified Institutional Buyers ("QIBs") on a proportionate basis out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. Our Company may allocate up to 30% of the QIB Portion to the Anchor Investors on a discretionary basis. The remaining QIB portion shall be available for allocation on a proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the issue Price.

The Company has allocated 49,95,000 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs 240 in accordance with the SEBI ICDR Regulations.

The Issue received 19,451 applications for 3,53,87,250 equity shares resulting in 1.34 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers. Non-Institutional and Retail Individual Bidders and Anchor Investors categories are as under: (Before technical rejections)

Category No. of Applications No. of Shares No. of times Subscription
Qualified Institutional Buyers 41 16,714,925 1.4341
Non Institutional Bidders 69 11,618,225 4.1867
Retail Individual Bidders 19,328 1,862,325 0.2237
Anchor Investors 13 5,191,775 1.0394
Total 19,451 35,387,250 1.34

Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
240 16968175 45.9573 36921600 100.0000
241 1025 0.0028 19953425 54.0427
242 1025 0.0028 19952400 54.0399
243 50 0.0001 19951375 54.0371
245 4200 0.0114 19951325 54.0370
246 250 0.0007 19947125 54.0256
247 50 0.0001 19946875 54.0249
248 6150 0.0167 19946825 54.0248
249 25 0.0001 19940675 54.0082
250 9319225 25.2406 19940650 54.0081
251 125 0.0003 10621425 28.7675
252 200 0.0005 10621300 28.7672
253 225 0.0006 10621100 28.7666
255 2350 0.0064 10620875 28.7660
260 3550 0.0096 10618525 28.7597
263 50 0.0001 10614975 28.7500
264 200 0.0005 10614925 28.7499
265 8564750 23.1971 10614725 28.7494
Cut-off 2049975 5.5522 2049975 5.5522
TOTAL 36921600 100.0000

The Basis of Allocation was finalised in consultation with the Designated Stock Exchange, being the National Stock Exchange of India Limited ("NSE") on February 19, 2010.

A. Allocation to Retail Individual Bidders (After Technical Rejections) Includes ASBA applications
The Basis of Allocation to the Retail Individual Bidders, who have Bid at Cut-off Price or at the Issue Price of Rs. 240/- per Equity Share, was finalised in consultation with the NSE. The category was under subscribed 0.22 times. As per the Red Herring Prospectus, the unsubscribed portion of Retail individual Bidders portion was met with the spill over from Non Institutional Bidders category (9,30,718 equity shares), QIB category (55,84,307 equity shares) and additional spill over from Non Institutional Bidders category (1,125 equity shares) due to additional withdrawal. The total number of shares allotted in this category is 18,08,850 Equity Shares to 19,024 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to total Total No. of
Shares applied
% to total No. of Shares
allocated
Ratio Total No. of
Shares allocated
25 9640 50.67 241000 13.32 25 1:1 241000
50 2587 13.60 129350 7.15 50 1:1 129350
75 888 4 67 66600 3.68 75 1:1 66600
100 1682 8.84 168200 9.30 100 1:1 168200
125 295 1.55 36875 2.04 125 1:1 36875
150 299 1.57 44850 2.48 150 1:1 44850
175 455 2 39 79625 4.40 175 1:1 79625
200 594 3.12 118800 6.57 200 1:1 118800
225 77 0.40 17325 0.96 225 1:1 17325
250 163 0.86 40750 2.25 250 1:1 40750
275 23 0.12 6325 0.35 275 1:1 6325
300 125 0.66 37500 2.07 300 1:1 37500
325 20 0.11 6500 0.36 325 1:1 6500
350 114 0.60 39900 2.21 350 1:1 39900
375 1982 10.42 743250 41.09 375 1:1 743250
400 80 0.42 32000 1.77 400 1:1 32000

B. Allocation to Non Institutional Bidders (After Technical Rejections) Includes ASBA applications
The Basis of Allocation to Ihe Non Institutional Bidders, who have Bid at the Issue Price of Rs. 240/- per Equity Share, was finalised in consultation with NSE. The category was over subscribed 2.74 times. As per the Red Herring Prospectus, the spill over portion to Retail Individual Bidders portion was 9,30,718 equity shares, spill over to Retail Individual Bidders portion due to additional withdrawal was 1,125 equity shares and spill over from Other QIB and Mutual Fund category was 5,24,382 equity shares. The total number of shares allotted in this category is 42,31,225 Equity Shares to 69 successful applicants. The category-wise details of the Basis of Allocation are (Sample) under

Category No. of
Applications
% to
total
Total No.of
Shares applied
% to
total
No. of
Shares
allocated
Ratio Total No. of
Shares allocated
400 2 2.90 800 0.01 146 1:1 292
500 2 2.90 1000 0.01 182 1:1 364
750 3 4.35 2250 0.02 273 1:1 819
1000 3 4.35 3000 0.03 364 1:1 1092
1150 2 2.90 2300 0.02 419 1:1 838
2500 1 1.45 2500 0.02 910 1 1 910
3100 6 8.70 18600 0 16 1129 1:1 6774
3125 1 1.45 3125 0.03 1138 1:1 1138
5650 1 1.45 5650 0.05 2058 1:1 2058
6500 1 1.45 6500 0.06 2367 1:1 2367
13000 1 1 45 13000 0.11 4734 1:1 4734
15000 1 1.45 15000 0.13 5463 1:1 5463
15375 1 1.45 15375 0.13 5599 1:1 5599
57000 1 1.45 57000 0.49 20759 1:1 20759
190000 1 1.45 190000 1.64 69196 11 69196
470000 2 2.90 940000 8.09 171169 1:1 342338
625000 1 1.45 625000 5.38 227618 1:1 227618
3000000 1 1.45 3000000 25.82 1092566 1:1 1092566
6121500 1 1.45 6121500 52.69 2229376 1:1 2229376

C. Allocation to QIBs (After Technical Rejections)
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per theSEBl regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (8,61,965), including spill over from Retail Individual Bidders portion to the extent of 2,79,215 Equity Shares and other QIBs were allotted the remaining available shares (1,58,52,960) on proportionate basis, including Spill over from Retail Individual Bidders portion to the extent of 53,05,092 Equity Shares, was allotted to other QIBs on proportionate basis. The unsubscribed portion of other QIB and Mutual Fund category is spill over to Non Institutional Bidders category (5,24,382 equity shares)

Flls Fls/Banks MFs INC Total
4510225 3123375 7465400 1615925 16714925

D. Allocation to Anchor Investors
Allocation to Anchor Investors has been done on a discretionary basis in consultation with the GCs and the BRLM. As per the SEBI regulations. 30% of QIB Reservation (4,99,5000 Equity Shares) was allotted to Anchor Investors (4,99,5000 Equity Shares).

Flls Fls/Banks MFs INC Total
1307350 - 3687650 - 4995000

The IPO Committee of the company at its meeting held on February 19, 2010 has approved the Basis of Allocation of shares of the Issue and has allotted the shares to various successful applicants.

The CAN and allotment advice and notices will be dispatched to the address of the investors as registered with the depositones. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Account details as registered, if any, with the depositones. 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 the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

Note: All capitalised terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated February 17, 2010 ("Prospectus")

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrar to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in

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 bid-cum-application 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:

Link Intime India Private Limited
C -13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai - 400 078
Email: hathway.ipo@linkintime.co.in

Place: Mumbai
Date: February 23, 2010
For HATHWAY CABLES & DATA COM LIMITED
Sd/-
Mr. Milind Karnik
Company Secretary & 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 HATHWAY CABLE & DATACOM LIMITED.

Hathway Cable IPO Basis of Allotment FAQs

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

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

Visit the Hathway Cable 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 Hathway Cable IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).