INTRASOFT TECHNOLOGIES LIMITED
Our Company was incorporated on February 27,1996 in Kolkata as a private
limited company under the Companies Act, 1956 with the Registrar of Companies, West
Bengal. Our Company was deemed to be a public limited company under Section 43A (1B) of
the Companies Act, 1956 with effect from July 6, 2000 and consequent to the amendment of
Section 43A of the Companies Act, our Company ceased to be a public limited company with
effect from March 13,2002. With effect from April 1,2006, our Company became a public
limited company and the name of our Company was changed to Intrasoft Technologies Limited
with effect from October 16,2007. For details of changes in the name and registered office
of our Company, see 'History and Corporate Structure' on page 82 of the
Prospectus.
Registered Office: A-502, Prathamesh, Raghuvanshi Mills Limited
Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
Company Secretary and Compliance Officer: Rajendra Kumar Chotia; Tel: +91 22 2491
2123; Fax: +91 22 2490 3123
Corporate Office: 5th Floor, Rash Behari Avenue, Kolkata - 700 029. Tel.: +91 33
24643306; Fax.: 91 33 24646584
Email: ipo@itlindia.com; Website: www.itlindia.com
Promoters of the Company: Arvind Kajaria and Sharad Kajaria
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 37,00,000 EQUITY SHARES OF Rs. 10 EACH OF INTRASOFT TECHNOLOGIES
LIMITED ('ITL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT
A PRICE OF Rs. 145 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 135 PER EQUITY
SHARE) AGGREGATING TO Rs. 5365 LAKHS (THE 'ISSUE'). THE ISSUE CONSTITUTED 25.12%
OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 145 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH
THE ISSUE PRICE IS 14.5TIMES OF THE FACEVALUE
The Issue is being made through the Book Building Process wherein at least 50% of
the Issue shall be available for allocation on a proportionate basis to QIBs, out of which
5% shall be available for allocation on a proportional basis to Mutual Funds only and the
remainder shall be made available for allocation on a proportionate basis to all QIBs,
including Mutual Funds, subject to valid Bids being received from them at or above the
Issue Price. Further, not less than 15% of the Issue shall be made available for
allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of
the Issue shall be made available for allocation on a proportionate basis to Retail
Individual Bidders, subjectto valid Bids being received at or above the Issue Price.
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited ('BSE') and the National Stock Exchange of India Limited
('NSE').
The Issue received 38,933 applications for 6,71,73,360 equity shares
resulting in 18.15 times subscription. The details of the applications received in
the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail
Individual Investors are as under: (Before technical rejections)
Category |
No. of Applications |
No. of Shares |
No. of times Subscription |
Qualified Institutional Buyers |
43 |
40,639,560 |
21.97 |
Non Institutional Investors (including ASBA investors) |
48 |
9,695,320 |
17.47 |
Retail Individual Investors (including ASBA investors) |
38,842 |
16,838,480 |
13.00 |
Total |
38,933 |
67,173,360 |
18.15 |
Final Demand
A summary of the final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to Total |
137 |
61440 |
0.09% |
70194160 |
100.00% |
138 |
2120 |
0.00% |
70132720 |
99.91% |
139 |
800 |
0.00% |
70130600 |
99.91% |
140 |
7880 |
0.01% |
70129800 |
99.91% |
141 |
18000 |
0.03% |
70121920 |
99.90% |
142 |
440 |
0.00% |
70103920 |
99.87% |
143 |
1160 |
0.00% |
70103480 |
99.87% |
144 |
40 |
0.00% |
70102320 |
99.87% |
145 |
55205120 |
78.65% |
70102280 |
99.87% |
CUTOFF |
14897160 |
21.22% |
14897160 |
21.22% |
TOTAL |
70194160 |
100.00% |
|
|
The Basis of Allocation was finalized in consultation with the Designated Stock
Exchange, being the Bombay Stock Exchange Limited ('BSE') on April 06,2010
A. Allocation to Retail Individual Investors (After Technical Rejections) (Including
ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at Cut Off or at
the Issue Price of Rs. 145/- per Equity Share, was finalized in
consultation with BSE. The category was over subscribed 12.92 times. The total
number of shares allotted in this category is 12,95,000 Equity Shares to 25,917 successful
applicants. 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 |
40 |
6150 |
16.02 |
246000 |
1.47 |
40 |
1:13 |
18960 |
80 |
2850 |
7.43 |
228000 |
1.36 |
40 |
2:13 |
17520 |
120 |
1711 |
4.46 |
205320 |
1.23 |
40 |
3:13 |
15800 |
160 |
1086 |
2.83 |
173760 |
1.04 |
40 |
4:13 |
13360 |
200 |
1340 |
3.49 |
268000 |
1.60 |
40 |
5:13 |
20600 |
240 |
513 |
1.34 |
123120 |
0.74 |
40 |
6:13 |
9480 |
280 |
446 |
1.16 |
124880 |
0.75 |
40 |
7:13 |
9600 |
320 |
1597 |
4.16 |
511040 |
3.06 |
40 |
8:13 |
39320 |
360 |
636 |
1.66 |
228960 |
1.37 |
40 |
9:13 |
17600 |
400 |
664 |
1.73 |
265600 |
1.59 |
40 |
10:13 |
20440 |
440 |
144 |
0.38 |
63360 |
0.38 |
40 |
11:13 |
4880 |
480 |
218 |
0.57 |
104640 |
0.63 |
40 |
12:13 |
8040 |
520 |
215 |
0.56 |
111800 |
0.67 |
40 |
1:1 |
8600 |
560 |
150 |
0.39 |
84000 |
0.50 |
43 |
1:1 |
6450 |
600 |
555 |
1.45 |
333000 |
1.99 |
46 |
1:1 |
25530 |
640 |
406 |
1.06 |
259840 |
1.55 |
50 |
1:1 |
20300 |
680 |
19701 |
51.33 |
13396680 |
80.09 |
52 |
1:1 |
1024452 |
|
|
|
|
|
1 |
5:7 |
14068 |
B. Allocation to Non Institutional Investors (After Technical Rejections) (Including
ASBA Applications)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue
Price of Rs. 145/- per Equity Share, was finalized in consultation with
BSE. The category was over subscribed 17.47 times. The total
number of shares allotted in this category is 5,55,000 Equity Shares to 47 successful
applicants. The category-wise details of the Basis of Allocation are (Sample) under:
Category |
No. of Applns. |
% to Total |
Total No. of Shares Applied |
% to Total |
No. of Shares Allocated |
Ratio |
Total No.of Shares Allocated |
720 |
1 |
2.13 |
720 |
0.01 |
41 |
1:1 |
41 |
1000 |
6 |
12.77 |
6000 |
0.06 |
57 |
1:1 |
342 |
2720 |
1 |
2.13 |
2720 |
0.03 |
156 |
1:1 |
156 |
2760 |
1 |
2.13 |
2760 |
0.03 |
158 |
1:1 |
158 |
30000 |
2 |
4.26 |
60000 |
0.62 |
1717 |
1:1 |
3434 |
34600 |
1 |
2.13 |
34600 |
0.36 |
1981 |
1:1 |
1981 |
42600 |
1 |
2.13 |
42600 |
0.44 |
2439 |
1:1 |
2439 |
118600 |
1 |
2.13 |
118600 |
1.22 |
6790 |
1:1 |
6790 |
137920 |
3 |
6.38 |
413760 |
4.27 |
7896 |
1:1 |
23688 |
137960 |
2 |
4.26 |
275920 |
2.85 |
7898 |
1:1 |
15796 |
200000 |
1 |
2.13 |
200000 |
2.06 |
11450 |
1:1 |
11450 |
206880 |
1 |
2.13 |
206880 |
2.13 |
11844 |
1:1 |
11844 |
231000 |
1 |
2.13 |
231000 |
2.38 |
13224 |
1:1 |
13224 |
344840 |
1 |
2.13 |
344840 |
3.56 |
19742 |
1:1 |
19742 |
2758600 |
2 |
4.26 |
5517200 |
56.91 |
157925 |
1:1 |
315850 |
C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SEBI (ICDR) Regulations, Mutual Funds were initially allotted 5% of the quantum of
shares available (92,500 Equity Shares to 12 successful applicants), and other QIBs
(including Mutual Funds) were allotted the remaining available shares (17,57,500 Equity
Shares to 43 successful applicants) on proportionate basis.
Category |
Flls |
Fls/Banks |
MFs |
INC |
Total |
No. of Shares |
13,62,963 |
21,673 |
4,02,589 |
62,775 |
18,50,000 |
The Board of Directors of the Company at its Meeting held at Kolkata on April 7,2010
has allotted shares to various successful applicants, based on the basis of allocation as
finalized in consultation with BSE.
The CAN cum Refund Orders, allotment advice and Direct Credit / RTGS /ECS Intimations
have been dispatched on April 08,2010, 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 overprinted with the Bank Mandate
details as registered, if any, with the depositones. The shares allocated to successful
applicants have been credited to their beneficiary accounts subject to validation of the
account details with the depositories concerned. The Company has taken 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 capitalized terms used and not defined herein shall have the respective meaning
assigned to them in the prospectus dated March 30,2010 ('Prospectus')
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars 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 Registrars 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, Unit: Intrasoft Technologies Limited, C13,
Pannalal Silk Mills Compounds, LBS. Marg, Bhandup (West), Mumbai 400 078, Maharashtra,
India. Tel: +91 22 2596 0320 Fax: +91 22 2596 0329 Email: intrasoft.ipo@linkintime.co.in
Website: www.linkintime.co.in
Place : Mumbai
Date : April 08,2010 |
For INTRASOFT TECHNOLOGIES LIMITED
Sd/-
Arvind Kajaria
Managing Director |
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