JYOTHY
LABORATORIES LIMITED
We were incorporated as Jyothi Laboratories Private Limited on January
15,1992. We became a public limited company and our name was changed to Jyothi
Laboratories Limited on October 6,1995. We further changed our name to Jyothy Laboratories
Limited on August 12,1996.
Registered and Corporate Office: 43, Shivshakti Industrial Estate, Andheri - Kurla
Road, Marol, Mumbai 400 059
Tel: +91-22-2850 2470 Fax: +91-22-2850 1734.
E-mail: ipo@jyothy.com Company Secretary and
Compliance Officer Mr. M. L. Bansal
Website: www.jyothylaboratories.com
BASIS OF ALLOCATION
PUBLIC OFFER OF 4,430,260 EQUITY SHARES OF FACE VALUE OF RS.5 EACH
FOR CASH AT A PRICE OF RS.690 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 685 PER
EQUITY SHARE) AGGREGATING TO RS. 3,056.88 MILLION (THE OFFER') BY JYOTHY LABORATORIES
LIMITED ('COMPANY'). THE OFFER CONSTITUTES 30.52% OF THE FULLY DILUTED POST
OFFER PAID UP CAPITAL OF OUR COMPANY.
OFFER PRICE: Rs. 690 PER EQUITY SHARE OF FACE VALUE RS.5/-.THE OFFER PRICE
IS 138 TIMES OF THE FACE VALUE.
The Offer is being made through the 100% Book Building Process wherein up
to 50% of the Offer shall be allocated on a proportionate basis to QIB Bidders, out of
which 5% of the QIB Portion shall be available for allocation on a proportionate basis to
the Mutual Funds only. The remainder shall be available for allocation on a proportionate
basis to all QIB and Mutual Funds, subject to valid Bids being received from them at or
above the offer price. Further, at least 15% of the Offer will be available for allocation
on a proportionate basis to Non-Institutional Bidders and at least 35% of the Offer will
be available for allocation on a proportionate basis to Retail Individual Bidders, subject
to valid Bids being received at or above the Offer price.
The Offer received 214,827 applications for 201,188,750 equity shares
resulting in 45.41 times subscription. The details of the applications received in the
Offer from Qualified Institutional Bidders, Non-Institutional and Retail Investor
categories are as under: (Before technical rejections)
Category |
No. of Applications |
No. of Shares |
Subscription |
Qualified Institutional Bidders |
225 |
146495140 |
66.1339 |
Non Institutional Investors |
737 |
32823530 |
49.3929 |
Retail Investors |
213865 |
21870080 |
14.1044 |
|
214827 |
201188750 |
|
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 |
620 |
3482880 |
1.6758 |
207838210 |
100.0000 |
621 |
260 |
0.0001 |
204355330 |
98.3242 |
622 |
40 |
0.0000 |
204355070 |
98.3241 |
623 |
10 |
0.0000 |
204355030 |
98.3241 |
624 |
1120 |
0.0005 |
204355020 |
98.3241 |
625 |
10840 |
0.0052 |
204353900 |
98.3235 |
627 |
10 |
0.0000 |
204343060 |
98.3183 |
628 |
10 |
0.0000 |
204343050 |
98.3183 |
630 |
1610 |
0.0008 |
204343040 |
98.3183 |
631 |
50 |
0.0000 |
204341430 |
98.3175 |
635 |
470 |
0.0002 |
204341380 |
98.3175 |
636 |
30 |
0.0000 |
204340910 |
98.3173 |
639 |
130 |
0.0001 |
204340680 |
98.3173 |
640 |
1650 |
0.0008 |
204340750 |
98.3172 |
644 |
1500 |
0.0007 |
204339100 |
98.3164 |
645 |
60 |
0.0000 |
204337600 |
98.3157 |
647 |
10 |
0.0000 |
204337540 |
98.3157 |
650 |
319850 |
0,1539 |
204337530 |
98.3157 |
651 |
30 |
0.0000 |
204017680 |
98.1618 |
655 |
1590350 |
0.7652 |
204017650 |
98.1618 |
659 |
130 |
0.0001 |
202427300 |
97.3966 |
660 |
12490 |
0.0060 |
202427170 |
97.3965 |
661 |
300 |
0.0001 |
202414680 |
97.3905 |
665 |
810 |
0.0004 |
202414380 |
97.3904 |
666 |
10110 |
0.0049 |
202413570 |
97.3900 |
667 |
40 |
0.0000 |
202403460 |
97.3851 |
670 |
9930 |
0.0048 |
202403420 |
97.3851 |
672 |
40 |
0.0000 |
202393490 |
97.3803 |
675 |
2240 |
0.0011 |
202393450 |
97.3803 |
680 |
1530 |
0.0007 |
202391210 |
97.3792 |
685 |
1820 |
0.0009 |
202389680 |
97.3785 |
688 |
110 |
0.0001 |
202387860 |
97.3776 |
689 |
230 |
0.0001 |
202387750 |
97.3775 |
690 |
180547470 |
86.8692 |
202387520 |
97.3774 |
9999 |
21840050 |
10.5082 |
21840050 |
10.5082 |
TOTAL |
207838210 |
|
|
|
The Basis of Allocation for all the categories namely Retail Individual Investors, Non
Institutional Investors and Qualified Institutional Buyers was finalised in consultation
with National Stock Exchange of India Limited (Designated Stock Exchange) on 10 December,
2007.
A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Offer Price of
Rs. 690/- per Equity Share, have been considered while preparing the basis of allocation.
The category was over subscribed 13.969379 times. The total number of shares allotted in
mis category is 1550590 Equity Shares. The category-wise details of the Basis of
allocation are as under
Category (No. of Shares) |
No. of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
10 |
16423 |
7.77 |
164230 |
0.76 |
10 |
1:13 |
12590 |
20 |
11640 |
5.5 |
232800 |
1.07 |
10 |
2:13 |
17850 |
30 |
9094 |
4.3 |
272820 |
1.26 |
10 |
3:14 |
19490 |
40 |
5783 |
2.73 |
231320 |
1 1.07 |
10 |
2:7 |
16520 |
50 |
7908 |
3.74 |
395400 |
1.83 |
10 |
5:14 |
26240 |
60 |
3902 |
1.85 |
234120 |
1.08 |
10 |
3:7 |
16720 |
70 |
15848 |
7.5 |
1109360 |
5.12 |
10 |
1:2 |
79240 |
80 |
3825 |
1.81 |
306000 |
1.41 |
10 |
4:7 |
21860 |
90 |
1448 |
0.68 |
130320 |
0.6 |
10 |
9:14 |
9310 |
100 |
7182 |
3.4 |
718200 |
3.32 |
10 |
5:7 |
51300 |
110 |
1418 |
0.67 |
155980 |
0.72 |
10 |
11:14 |
11140 |
120 |
1463 |
0.69 |
175560 |
0.81 |
10 |
6:7 |
12540 |
130 |
3687 |
1.74 |
479310 |
2.21 |
10 |
27:28 |
35550 |
140 |
121824 |
57.61 |
17055360 |
78.74 |
10 |
FIRM |
1218240 |
B, Allotment to Non Institutional Investors (After Technical Refections)
All the bidders in the Non-Institutional Investors, who have bid at the Offer Price of Rs.
690/- per Equity Share, have been considered while preparing the basts of allocation. The
category was over subscribed 49.291209 times.fhe total number of shares allocated in this
category is 664540 Equity Shares. The category-wise details of the Basis of allocation are
as under (Sample)
Category (No. of Shares) |
No. of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
150 |
103 |
16.61 |
15450 |
0.05 |
10 |
3:10 |
310 |
160 |
6 |
0.97 |
960 |
0 |
10 |
1:3 |
20 |
1000 |
5 |
0.81 |
5000 |
0.02 |
20 |
FIRM |
100 |
1010 |
1 |
0.16 |
1010 |
0 |
20 |
FIRM |
20 |
1020 |
1 |
0.16 |
1020 |
0 |
21 |
FIRM |
21 |
2000 |
1 |
0.16 |
2000 |
0.01 |
41 |
FIRM |
41 |
2030 |
1 |
0.16 |
2030 |
0.01 |
41 |
FIRM |
41 |
2100 |
1 |
0.16 |
2100 |
0.01 |
43 |
FIRM |
43 |
4900 |
1 |
0.16 |
4900 |
0.01 |
99 |
FIRM |
99 |
8270 |
1 |
0.16 |
8270 |
0.03 |
168 |
FIRM |
168 |
8550 |
1 |
0.16 |
8550 |
0.03 |
173 |
FIRM |
173 |
28260 |
1 |
0.16 |
28260 |
0.09 |
573 |
FIRM |
573 |
28500 |
1 |
0.16 |
28500 |
0.09 |
578 |
FIRM |
578 |
28980 |
4 |
0.65 |
115920 |
0.35 |
588 |
FIRM |
2352 |
76000 |
1 |
0.16 |
76000 |
0.23 |
1542 |
FIRM |
1542 |
76080 |
1 |
0.32 |
152160 |
0.46 |
1544 |
FIRM |
3088 |
76270 |
1 |
0.16 |
76270 |
0.23 |
1547 |
FIRM |
1547 |
76500 |
1 |
0.16 |
76500 |
0.23 |
1552 |
FIRM |
1552 |
77000 |
1 |
0.16 |
77000 |
0.24 |
1562 |
FIRM |
1562 |
77500 |
1 |
0.16 |
77500 |
0.24 |
1572 |
FIRM |
1572 |
77520 |
1 |
0.16 |
77520 |
0.24 |
1573 |
FIRM |
1573 |
600000 |
2 |
0.32 |
1200000 |
3.66 |
12173 |
FIRM |
24346 |
666540 |
1 |
0.16 |
666540 |
2.03 |
13522 |
FIRM |
13522 |
754800 |
1 |
0.16 |
754800 |
2.3 |
15313 |
FIRM |
15313 |
869560 |
1 |
0.16 |
869560 |
2.65 |
17641 |
FIRM |
17641 |
905500 |
2 |
0.32 |
1811000 |
5.53 |
18371 |
FIRM |
36742 |
C, Allotment to QIBs
Allocation to QIBs has been done on a proportionate basis In consultation with NSE.
Category |
Fls/Banks |
MFs |
Flls |
VCs |
INCs |
Total |
Shares Allotted |
750288 |
409948 |
940471 |
12606 |
101817 |
2215130 |
Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund
Instructions and Listing details
Activity |
Date of Completion |
Approval of Basis of Allotment by NSE |
10th December, 2007 |
Despatch of Allotment Advices, Refund Orders and ECS Intimation Note |
12th December, 2007 |
Refund Instructions to the Clearing System(in case of Refunds through ECS system) |
11th December, 2007 |
Listing Application to BSE & NSE |
12th December, 2007 |
Credit to Beneficiary Accounts |
11th December, 2007 |
Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank
Accounts of the applicants, as registered with the depositories, for applicants residing
at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been
despatched to their address as registered with the depositories. In case the same is not
received within ten days, applicants may contact at the address given below. ECS
Intimation Note and Refund Orders have been overprinted with the Bank Mandate details as
registered, if any, with the depositories. The Equity Shares allotted to successful
applicants have been credited to their beneficiary accounts.
The company is taking steps to get the equity shares admitted for trading on Bombay
Stock Exchange Limited and National Stock Exchange of India Limited within seven working
days from the date of approval of the basis of allotment.
INVESTORS PLEASE NOTE
The details of the allocation made would be hosted on the website of Registrars to the
Offer, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence in this regard may kindly be addressed to the Registrars to the
Offer 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:
Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, LB.S. Marg, Bhandup (W), Mumbai - 400 078
Tel: +91 - 22 - 2596 0320 Fax: +91 - 22 - 2596 0329
Email: jyothylabs-ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact person: Mr. Sachin Achar
Place: Mumbai
Date : 14th December, 2007 |
For JYOTHY LABORATORIES LIMITED
On behalf of the Board of Directors
Sd/-
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 JYOTHY
LABORATORIES LIMITED |
This advertisement is restricted and is not for publication in or distribution into the
United States. This advertisement does not constitute an offer for sale within the United
States of any Equity Shares or any other security of the Company. No securities of the
Company have been or will be registered under the U.S. Securities Act of 1933 (the
'U.S. Securities Act'), and no securities of the Company may be offered or sold
in the United States absent such registration under the U.S. Securities Act or an
exemption from such registration. |