Info Edge IPO Details

Issue Open Oct 30, 2006
Issue Close Nov 2, 2006
IPO Price ₹320
Face Value ₹10
IPO Size ₹170.36 Cr
Listing At BSE, NSE
IPO Lot Size 20

INFO EDGE (INDIA) LIMITED

(The Company was incorporated on May 1, 1995 as a private limited company under the Companies Act, 1956)
Registered Office: A-6, Swasthya Vihar, New Delhi 110092, India; Corporate Office: A-88, Sector 2, NOIDA 201 301, Uttar Pradesh, India. Phone: (91120) 3082000; Fax: (91120) 308 2095; Email: investors@naukri.com;
Contact Person: Mr. Amit Gupta; Tel: (91120) 308 2000; Website: www.naukri.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPTO 5,323,851 EQUITY SHARES OF RS. 10 EACH FOR CASH ATA PRICE OF RS. 320 PER EQUITY SHARE AGGREGATING RS. 1,703.6 MILLION (THE 'ISSUE') BY INFO EDGE (INDIA) LIMITED ('INFO EDGE' OR THE 'COMPANY' OR THE 'ISSUER'). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 4,791,480 EQUITY SHARES OF RS. 10 EACH (THE 'NET ISSUE') AND A RESERVATION FOR EMPLOYEES OF 532,385 EQUITY SHARES OF RS. 10 EACH, AT THE ISSUE PRICE.
THE ISSUE WILL CONSTITUTE UPTO 19.50% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 320 PER EQUITY SHARE WHICH IS 32 TIMES THE FACE VALUE OF THE EQUITY SHARES.

The Issue was made through the 100% Book Building Process wherein 60% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers (including 5% of the QIB portion that would be specifically reserved for Mutual Funds). Further, upto 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and upto 30% of the Net 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. Up to 532,385 shares shall be allotted on a proportionate basis to Eligible Employees.

The Board of Directors of Info Edge (India) Limited wish to thank the investing public for their response to the Issue which opened for subscription on October 30, 2006 and closed on November 2, 2006. The Issue received 102090 applications for 291669940 Equity Shares resulting in 54.786 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers ('QIBs'), Non-Institutional Bidders, Retail Individual Bidders and Employee categories areas under:

Category No. of Applications No. of Shares bid Subscription
Qualified Institutional Buyers 238 242060500 84.1985
Non-Institutional Bidders 342 31959440 66.7008
Retail Individual Bidders 101353 17515380 12.1851
Employees 157 134620 0.2529

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

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to total
290 298720 0.0983 303868200 100.0000
291 1780 0.0006 303569480 99.9017
292 220 0.0001 303567700 99.9011
293 80 0.0000 303567480 99.9010
294 23500 0.0077 303567400 99.9010
295 7400 0.0024 303543900 99.8933
296 60 0.0000 303536500 99.8908
297 320 0.0001 303536440 99.8908
298 640 0.0002 303536120 99.8907
300 5823240 1.9164 303535480 99.8905
301 80 0.0000 297712240 97.9741
304 1760 0.0006 297712160 97.9741
305 75520 0.0249 297710400 97.9735
306 320 0.0001 297634880 97.9487
308 640 0.0002 297634560 97.9486
309 40 0.0000 297633920 97.9484
310 5431140 1.7873 297633880 97.9483
311 300 0.0001 292202740 96.1610
312 24680 0.0081 292202440 96.1609
315 23680 0.0078 292177760 96.1528
317 20 0.0000 292154080 96.1450
318 440 0.0001 292154060 96.1450
319 840 0.0003 292153620 96.1448
320 276032600 90.8396 292152780 96.1446
Cut-off 16120180 5.3050 16120180 5.3050
TOTAL 303868200 100.0000

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange- Bombay Stock Exchange Limited ('BSE') on Tuesday, November 14, 2006.

A) Allocation to Employees
The Basis of Allotment to the Employees category, who bid at the cut-off price or at the Issue Price of Rs. 320/- per Equity Share, was finalized in consultation with BSE. The Company received 156 valid applications for 134580 Equity Shares as against a reservation of 532385 Equity Shares resulting in subscription of 0.25279 times. The unsubscribed portion of 397805 Shares have been added to the Institutional, Retail and Non-Institutional Investors Category consisting of 238683, 119342 and 39780 Shares Respectively. The category wide details of the Basis of Allotment are given below (Sample):

Category No. of
Applications
% to
total
No. of Equity
Shares applied
% to
total
No. of Equity
Shares allocated
Ratio Total No. of Equity
Shares allocated
20 8 5.13 160 0.12 20 FIRM 160
300 12 7.69 3600 2.67 300 FIRM 3600
500 6 3.85 3000 2.23 500 FIRM . 3000
600 5 3.21 3000 2.23 600 FIRM 3000
1000 4 2.56 4000 „ 2.97 1000 FIRM 4000
3880 1 0.64 3880 2.88 3880 FIRM 3880
4200 1 0.64 4200 3.12 4200 FIRM 4200
4680 1 0.64 4680 3.48 4680 FIRM 4680
5000 1 0.64 5000 3.12 5000 FIRM 5000
5100 1 0.64 5100 3.79 5100 FIRM 5100
6000 1 0.64 6000 4.46 6000 FIRM 6000
6400 1 0.64 6400 4.76 6400 FIRM 6400
8560 1 0.64 8560 6.36 8560 FIRM 8560
13500 1 0.64 13500 10.03 13500 FIRM 13500
36080 1 0.64 36080 26.81 36080 FIRM 36080

B) Allocation to Retail investors

The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs. 320 per Equity Share, was finalized in consultation with BSE. The Company received 99793 valid applications for 17290200 Equity Shares in this category resulting in 11.10637 times subscription. The total number of Equity Shares allotted in this category is 1556792 (Including 119342 Shares spill overfrom Employee Category). The category wide details of the Basis of Allotment are given below:

Category No. of
Applications
% to
total
No. of Equity
Shares applied
% to
total
No. of Equity
Shares allocated
Ratio Total No. of Equity
Shares allocated
20 8987 9.01 179740 1.04 20 9:100 16380
40 7500 7.52 300000 1.74 20 9:50 27000
60 5192 5.2 311520 1.8 20 27:100 28040
80 3285 3.29 262800 1.52 20 9:25 23660
100 6456 6.47 645600 3.73 20 9:20 58140
120 1818 1.82 218160 1.26 20 27:50 19640
140 25927 25.98 3629780 20.99 20 63:100 326880
160 1443 1.45 230880 1.34 20 18:25 20780
180 472 0.47 84960 0.49 20 81:100 7640
200 1322 1.32 264400 1.53 20 9:10 23800
220 268 0.27 58960 0.34 20 FIRM 5360
240 309 0.31 74160 0.43 22 FIRM 6798
260 192 0.19 49920 0.29 24 FIRM 4608
280 364 0.36 101920 0.59 25 FIRM 9100
300 36258 36.33 10877400 62.91 27 FIRM 978966

C) Allocation to Non Institutional Bidders The Basis of Allotment to the Non Institutional Bidders, who bid at the cut-off price or at the Issue Price of Rs. 320 per Equity Share, was finalized in consultation with BSE. The Company received 315 valid applications for 31893740 Equity Shares in this category resulting in 61.46106 times subscription. The number of shares allotted to Non-Institutional Bidders Is 518916 (Including 39780 Shares spill overfrom Employee Category). The category wide details of the Basis of Allotment are given below (Sample):

Category No. of
Applications
% to
total
No. of Equity
Shares applied
% to.
total
No. of Equity
Shares allocated
Ratio Total No. of Equity
Shares allocated
320 18 5.71 5760 0.02 20 5:18 100
1000 9 2.86 9000 0.03 20 7:9 140
5000 2 0.63 10000 0.03 82 FIRM 164
10000 2 0.63 20000 0.06 163 FIRM 326
31240 6 1.9 187440 0.59 508 FIRM 3048
100000 3 0.95 300000 0.94 1627 FIRM 4881
125000 4 1.27 500000 1.57 2034 FIRM 8136
156240 2 0.63 312480 0.98 2542 FIRM 5084
156260 2 0.63 312520 0.98 2543 FIRM 5086
312500 4 1.27 1250000 3.92 5085 FIRM 20340
314000 1 0.32 314000 0.98 5109 FIRM 5109
468740 2 0.63 937480 2.94 7627 FIRM 15254
625000 3 0.95 1875000 5.88 10169 FIRM 30507
718760 1 0.32 718760 2.25 11695 FIRM 11695
781200 1 0.32 781200 2.45 12710 FIRM 12710
937500 1 0.32 937500 2.94 15254 FIRM 15254
1000000 1 0.32 1000000 3.14 16260 FIRM 16260
1562500 2 0.63 3125000 9.8 25403 FIRM 50806
4790000 3 0.95 14370000 45.06 77911 FIRM 233733

D) Allocation to QIBs

Allocation to QIBs was was done on a proportionate basis. As per the SEBI guidelines, Mutual Funds were initially allotted 5% (155678 Equity Shares including Spill Over of 11934 Shares from Employee Category) of the quantum of shares available (3113563 Equity Shares including Spill Over of 238683 Shares from Employee Category) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining 2957885 Equity Shares (including Spill Over of 226749 Shares from Employee Category) on a proportionate basis.

Category FIs/Banks MFs FIIs insurance companies Provident Funds Total
No. of Shares 245281 594772 2190380 83130 - 3113563

The IPO Committee of the Board at a meeting held at Noida on November 14, 2006 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of Equity Shares to successful applicants.

The Refund Orders/ allotment advice in respect of refunds due to applicants has been dispatched to the addresses of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue 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 the 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 the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date approval of Basis of Allotment.

INVESTORS PLEASE NOTE
These details of the allocation will also be available on the website of the Registrar to the Issue, Intime Spectrum Registry Limited, at http:// www.intimespectrum.com /. All future correspondence in this regard may kindly be addressed to the Registrarto the Issue quoting the full name of the First/Sole applicants, 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

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West), Mumbai 400078. Phone: (91-22) 25960320;
Fax: (91-22) 2596 0329. Email: infoedge@intimespectrum.com, Website: www.intimespectrum.com

 

Place : Delhi
Date : November 17,2006

For Info Edge (India) Limited
Sd/
Sanjeev Bikhchandani
Managing Director and Chief Executive Officer

Info Edge IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Info Edge IPO?

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

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

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

  3. 3. What is Info Edge IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Info Edge 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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