Hilton Metal IPO Details

Issue Open Apr 18, 2007
Issue Close Apr 24, 2007
IPO Price ₹70
Face Value ₹10
IPO Size ₹38.15 Cr
Listing At BSE, NSE
IPO Lot Size 175

HILTON METAL FORGING LIMITED

(The Company was formed by converting the Partnership firm under Part IX of The Companies Act, 1956 on 21st July 2005 and obtained a certificate of incorporation number U28900 MH2005 PLC 154986 from
Registrar of Companies, Maharashtra, Mumbai)
Registered Office & Corporate Office: 60, Whispering Palm Centre, Lokhandwala Township,
Kandivali (East),Mumbai -400 101.
Tel: +91-22-28863359/28846565; Fax: +91-22-26846677;
Website: www.hmfl.co.in; Email: ipo@hmfl.co.in
Factory: Plot No. 1,2, 3,15, 21, 25, 26, 28, 29 & 30, Shah Mehta Ind. Estate, Village Ghonsai, Taluka Wada, Dist. Thane.
Tel: +91-2526- 222444/222555; Fax: +91-2526-222666.
Contact Person & Compliance Officer: Mr. Viswanathan Sridhar,
Company Secretary & Compliance Officer; Email: ipo@hmfl.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 54, 50,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE RS. 70/- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING RS. 3815 LAKHS INCLUDING 5000 EQUITY SHARES OF RS 10/-EACH BEING OFFERED TO CENTRUM CAPITAL LIMITED ON A FIRM BASIS AT A PRICE OF RS 70/- PER EQUITY SHARE INCLUSIVE OF PREMIUM (HEREINAFTER REFERRED TO AS THE ISSUE'). THE NET ISSUE TO THE PUBLIC WOULD CONSTITUTE 43.80% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 70/- PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH THE FACE VALUE OF THE EQUITY SHARE IS RS 10/- AND THE ISSUE PRICE IS 7 TIMES OF THE FACE VALUE.
The Board of Directors of Hilton Metal Forging Limited ('Company') wish to thank all the Investors for their response to the Public Issue. The Basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on 15th May, 2007. The Public Issue opened on Wednesday, April 18,2007 and closed on Tuesday, April 24,2007. The Issue received 8002 vaiid applications for 57,72,200 equity shares resulting in 1.06 times subscription (excluding firm allotment) and 54,50,016 equity shares has been allotted due to rounding off by the IFO Committee of the Board of Directors at their meeting held on 15th May, 2007 as mentioned below. The details of valid applications received in the issue from the Retail and Non-retail investor after rejection and withdrawals are as under:

Category No. of valid Applications No. of Shares Applied for Subscription (Times)
Retail investor 7950 40,50,480 1.07
Non Retail investors 48 11,74,880* 1.07
Qualified Institutional Buyers 4 7,22,800 1.33
Firm Allotment 1 5,000 1.00

* Including spillover from QIB

A. Allocation to Retail Investors
The Company received 7950 valid applications for 40,50,480 equity shares in tliis category resulting in an over subscription of 1.07 times. The total number of shares allotted in this category is 37,98,495 equity Shares. We have retained 15 excess shares in Retail category due to rounding off. The category-wise details of the allotment is 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
80 2170 27.30 173600 4.29 80 17:18 163920
160 1326 16.68 212160 5.24 150 1:1 198900
240 666 8.38 159840 3.95 225 1:1 149650
320 354 4.45 113280 2.80 300 1:1 106200
400 566 7.12 .226400 5.59 375 1:1 212250
480 120 1.51 57600 1.42 450 1:1 54000
560 103 1.30 57680 1.42 525 1:1 54075
640 566 7.12 362240 8.94 600 1:1 339600
720 64 0.81 46080 1.14 675 1:1 43200
800 117 1.47 93600 2.31 750 1:1 87750
880 9 0.11 7920 0.20 825 1:1 7425
960 32 0.40 30720 0.76 900 1:1 28800
1040 27 0.34 28080 0.69 975 1:1 26325
1120 10 0.13 11200 0.28 1050 1:1 10500
1200 26 0.33 31200 0.77 1125 1:1 29250
1280 12 0.15 15360 0.38 1200 1:1 14400
1360 1782 22.42 2423520 59.83 1275 1:1 2272050

B. Allocation to Non Institutional Investors
The category was subscribed after spillover from QIB 1.07 times. We have retained 1 extra share in Non institutional Category due to rounding off. The total number of shares allotted in this category is 1101521 equity Shares. The category-wise details of the allotment is 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
1520 8 15.38 12160 1.03 1425 11400
1600 1 1.92 1600 0.14 1500 1500
2000 1 1.92 2000 0.17 1875 1875
2400 1 1.92 2400 0.20 2250 2250
2800 5 9.62 14000 1.19 2625 13125
2960 1 1.92 2960 0.25 2775 2775
4000 2 3.85 8000 0.68 3750 7500
4960 1 1.92 4960 0.42 4650 4650
6960 1 1.92 6960 0.59 6525 6525
7120 1 1.92 7120 0.61 6675 6675
7200 3 5.77 21600 1.84 6750 20250
8000 2 3.85 16000 1.36 7501 15002
8400 3 5.77 25200 2.14 7876 23628
9040 1 1.92 9040 0.77 8476 8476
10000 2 3.85 20000 1.70 9376 18752
12240 2 3.85 24480 2.06 11476 22952
14000 1 1.92 14000 1.19 13126 13126
14240 1 1.92 14240 1.21 13351 13351
25200 1 1.92 25200 Z14 23627 23627
28560 1 1.92 28560 2.43 26777 26777
28800 1 1.92 28800 2.45 27002 27002
35040 1 1.92 35040 2.98 32852 32852
50000 1 1.92 50000 4.26 46878 46878
100000 4 7.69 400000 34.05 93756 375024
107200 1 1.92 107200 9.12 100506 100506
142880 1 1.92 142880 12.16 133959 133958
146160 1 1.92 146160 12.44 137034 137034

C. Allocation to Qualified Institutional Buyers (Minimum 10%)
The Basis of Allotment to the Qualified Institutional Buyers, who have applied at the Issue Price of RS.70/- per Equity Share was finalized in consultation with BSE. The category was subscribed 1.33 times. The total number of shares allotted In this category is 545000 equity Shares. The category-wise details of the Basis of Allotment is as under:

Category Fls/Banks MFs Flls Total
QIB 21535 75401 448064 545000

The IPO committee of the Board of the Company at its Meeting held at Mumbai on 15/05/2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.

The physical refund warrants, intimation regarding refunds through electronic modes {ECS, RTGS, NEFT or Direct Credit) and allotment advice has been dispatched to the same address of the investors as registered with the depositories on 17/05/2007. In case the same is not received within ten days, applicants 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 equity shares allocated to successful applicants are being creditedto their beneficiary accounts subject to validation of the account details with the depositories concerned on 17/05/2007. The listing application has been filed with the Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') on 17/05/2007 and the Company is taking steps to complete all formalities for listing and commencement of trading of equity shares within seven working days from the date of finalization of basis of allotment.

INVESTOR PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Sharex Dynamic (India) Private Limited at http:// www.sharexindia.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, name of the Broker and Place where the application was submitted and payment details at the address given below:

Sharex Dynamic (India) Private Limited
Unit 1, Luthra Ind. Premises, Safed Pool, Andheri - Kurla Road,
Andheri (East)., Mumbal-400072
Tel.: +91-022-2851 5606/5644, Fax +91 -022-2851 2885
Website :www.sharexindia.com Emall:hilton@sharexindia.com



Place: Mumbai
Date : 18/05/2007

For Hilton Metal Forging Limited
Sd/-
Yuvraj Malhotra
(Chairman & Managing Director)

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 HILTON METAL FORGING LIMITED

Hilton Metal IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Hilton Metal IPO?

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

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

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

  3. 3. What is Hilton Metal IPO allotment process?

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