Issue Open | Aug 28, 2006 |
Issue Close | Sep 1, 2006 |
IPO Price | ₹30 |
Face Value | ₹10 |
IPO Size | ₹21.00 Cr |
Listing At | NSE |
IPO Lot Size | 170 |
KEW INDUSTRIES LIMITED Registered Office: B-3, Focal Point, Jalandhar 144 001
(Punjab). Tel: 91-181- 2455171; Fax: 91-181- 2225715; BASIS OF ALLOTMENT The Board of Directors of Kew Industries Limited wish to thank the Investing public, for their response to the Issue which opened for subscription on 28th August, 2006 and closed on 1st September, 2006. The Issue received 11,854 applications for 1,76,20,060 Equity Shares resulting in 2.52 times subscription. The Basis of allotment was finalised in consultation with the Designated Stock Exchange Bombay Stock Exchange Limited ("BSE") on 15th September, 2006. The details of the Applications received in the Issue from NRIs/Flls, MFs/Banks/IFIs, Non-Institutional and Retail categories are as under:
Since the MFs/ Banks / Indian Financial Institutions and NRIs / Flls categories have not been subscribed / undersubscribed, the issuer in consultation with the lead managers has exercised the spill over option and added the unsubscribed portion of 21,83,040 equity shares to net offer to the public. A) ALLOTMENT TO NRIs/ FIIs The Basis of Allotment to NRIs / FIIs, was finalized in consultation with the BSE. The
Company received 9 valid applications for 1566960 Equity Shares in this category resulting
in 0.57 times subscription. Hence FULL and FIRM allotments have been made against all
valid applications. B) ALLOTMENT TO RETAIL INDIVIDUAL INVESTORS
C) ALLOTMENT TO NON-INSTITUTIONAL INVESTORS (individual who have applied for
3400 shares and above; Bodies Corporate/ Institutions)
The Board of Directors of the company at its Meeting held at Plot No. 17-24, Vithalrao
Nagar, Madhapur, Hyderabad - The Refund Orders and /or allotment advice have been dispatched to the address of the investors as registered with the depositories on 19th September, 2006. In case the same is not received within ten days, investors 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 shares allocated to 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 Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation. INVESTORS PLEASE NOTE 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, applied number of shares, and payment details at the address given below: TOLL FREE - HELPLINE NUMBER 1-800-3454001
|
The KEW Industries IPO basis of allotment (published above) tells you how shares are allocated to you in KEW Industries IPO and category wise demand of IPO share.
Visit the KEW Industries IPO allotment status page to check the number of shares allocated to your application.
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