JHS IPO Details

Issue Open Sep 26, 2006
Issue Close Oct 4, 2006
IPO Price ₹58
Face Value ₹10
IPO Size ₹35.96 Cr
Listing At BSE, NSE
IPO Lot Size

JHS SVENDGAARD LABORATORIES LTD

(incorporated as JHS Svendgaard Laboratories Limited on October 8,2004 with the Registrar of Companies Punjab
Himachal Pradesh & Chandigarh having Registered Office at Trilokpur Road, Kala Amb, Nahan, Dist. Sirmour (HP))

Regietsred Office
: Trilokpur Road, Kala Amb, Nahan Dist Simrour (HP),
Tel. No.: +91 1734 325128; Fax No.: +91 1734 325130 • Website: www.svendgaard.com
Contact Person: Mr. Arvind Kumar Tiwari

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 67,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF JHS SVENDGAARD LABORATORIES LIMITED (HEREINAFTER REFERRED TO AS THE 'COMPANY' OR 'ISSUER') FOR CASH AT A PREMIUM OF RS. 48/- PER EQUITY SHARE AGGREGATING RS. 386.60 MILLION INCLUDING PROMOTER'S CONTRIBUTION OF 500,000 EQUITY SHARES OF RS. 10% EACH AND A NET ISSUE TO THE PUBLIC OF 62,00,000 EQUITY SHARES OF RS. 10/- EACH (HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE CONSTITUTES 49.60% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY

The Issue was made through 100% Book Building Process wherein atleast 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB portion was available for allocation on proportionate basis to all Qualified institutional Buyers, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, minimum of 15% of the Net Issue was available for allocation on a proportionate basis to Non-institutional Bidders and minimum of 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price.

The Issue received 11,940 bids / applications for 1,62,09,600 equity shares resulting in 2.61 times subscription. The details of the valid bids/applications received in the Issue from Retail, Non- Institutional Investor and Qualified Institutional Investor are as under:

Category No.of Bids / Applications No.of Equity Shares Subscription (no.of times)
Qualified Institutional Buyers 20 88,71,720 2.88
Non-Institutional Investors 18 7,68,120 0.83
Retail Individual Investors 11,912 65,69,760 3.03

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
49 47,640 0.30 47,640 0.30
50 56,160 0.36 1,03,800 0.66
51 15,600 0.10 1,19,400 0.76
52 35,780 0.23 1,55,160 0.98
53 4,200 0.03 1,59,360 1.01
54 26,400 0.17 1,85,760 1.18
55 72,120 0.46 2,57,880 1.64
56 1,320 0.01 2,59,200 1.64
57 600 0.00 2,59,800 1.65
58 94,14,000 59.74 96,73,800 61.39
Cut-Off 60,84,360 38.61 1,57,58,160 100.00
1,57,58,160 100.00

The Basis of Allotment was finalized in consultation with The Bombay Stock Exchange Limited on Friday, Octotar 13, 2006

A) Allocation to Retail Investors:

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue price of Rs.58/- Equity Share, was finalized in consultation with BSE. The category was subscribed 2.76821 times. The total number of equity shares allotted in this category is 23,34,132 Equity Shares, which includes Original Offer of 21,70,000 Equity Shares, Spill-over from HNI Category of 1,63,800 Equity Shares and Rounding-off Adjustment of 332 Equity Shares. The Category-wise details of the Basis of Allocation are as under:

Category

No. of Applications

% to Total

Total no. of Shares aplied

% to Total

Proportional Allocation

Ratio

Total No. of Shares allocated

120

3116

26.83

373920

5.79

120

9:25

134640

240

1984

17.08

476160

7.37

120

73:100

173760

360

1108

9.54

398880

6.17

130

FIRM

144040

480

778

6.7

373440

5.78

173

FIRM

134594

600

694

5.98

416400

6.45

217

FIRM

150598

720

307

2.64

221040

3.42

260

FIRM

79820

840

1992

17.15

1673280

25.9

303

FIRM

603576

960

160

1.38

153600

2.38

347

FIRM

55520

1080

70

0.6

75600

1.17

390

FIRM

27300

1200

89

0.77

106800

1.65

433

FIRM

38537

1320

31

0.27

40920

0.63

477

FIRM

14787

1440

30

0.26

43200

0.67

520

FIRM

15600

1560

24

0.21

37440

0.58

564

FIRM

13536

1680

1232

10.61

2069760

32.04

607

FIRM

747824

All the applicants who have applied for 360 Equity Shares or more have been given firm allotment on proportionate basis

B. Allocation to Non-Institutional Investors:
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-of or at the Issue Price of Rs.58/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.82387 times. The total number of equity shares allotted in this category is 7,66,200 Equity Shares. The Unsubscribed portion of 1,63,800 Equity Shares was allotted to Retail Category. A sample of category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total no. of Shares aplied % to Total Proportional Allocation Ratio Total No. of Shares allocated
1800 3 17.65 5400 0.7 1800 FIRM 5400
2040 1 5.88 2040 0.27 2040 FIRM 2040
2160 1 5.88 2160 0.28 2160 FIRM 2160
2760 1 5.88 2760 0.36 2760 FIRM 2760
4800 1 5.88 4800 0.63 1800 FIRM 4800
6000 1 5088 6000 0.78 6000 FIRM 6000
7200 1 5.88 7200 0.94 7200 FIRM 7200
8520 3 17.65 25560 3.34 8520 FIRM 25560
12000 1 5.88 12000 1.57 12000 FIRM 12000
25920 1 5.88 25920 3.38 25920 FIRM 25920
69000 1 5.88 69000 9.01 69000 FIRM 69000
86100 1 5.88 86100 11.25 86160 FIRM 86100
517200 1 5.88 517200 67.5 517200 FIRM 517200

All the bidders/applicants in the Non-Institutional Category have been given firm allotment on proportionate basis.

C.Allocation to QIBs:

Category FIIs/Banks MFs FIIs Insurance Companies VCs Total
No. of Shares 82,939 12,72,374 16,69,580 75,107 - 31,00,000

The Board of Directors of the Company at it's Meeting held at New Delhi on Monday, October 16, 2006 has approved the Basis of Allocation and has allotted the equity shares to the successful bidders / applicants. The CAN-cum-Refund Orders have been dispatched on Monday, October 16, 2006 to the address of the investors as registered with the depositories. In case the same is not received within 10 days, Investors may contact at the address given below. The Refund Orders have been printed with the Bank Mandate details as registered, If any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their respective beneficiary accounts subject to validation of the account details with the depositories concerned. JHS Svendgaard Laboratories Limited is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange Limited within seven working days from the date of approval of the Basis of Allocation.

INVESTORS MAY PLEASE NOTE

These details of the allocation / allotment made are being hosted on the website of Registrars to me Issue, Intime Spectrum Registry Limited at www.intmespectrum.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-cum-application form, number o equity 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
Unit: JHS Svendgaard Laboratories Limited
C-13, Pannalal Silk Mills Compound
LBS Marg, Bhandup (W), Mumbai -400 078
TeI: 91 22 2596 0320-28, Fax: 91 22 2596 0329
Contact: Person: Mr.Vishwas Attavar
E-mail: jhsipo@intimespectrum.com; Website: www.intimespectrum.com

 

Place: New Delhi
Date: Friday, October 20, 2006

For JHS Svendgaard Laboratories Limited
On behalf of the Board of Directors
Sd/-
Nikhil Nanda
Managing Director

JHS IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in JHS IPO?

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

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

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

  3. 3. What is JHS IPO allotment process?

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