KPR Mill IPO Details

Issue Open Aug 2, 2007
Issue Close Aug 7, 2007
IPO Price ₹225
Face Value ₹10
IPO Size ₹133.02 Cr
Listing At BSE, NSE
IPO Lot Size 25

K.P.R. MILL LIMITED

(The company was incorporated as K P R Cotton Mils Private Limited on March 19, 2003 under the Companies Act, 1956. The name of the company was subsequently changed to K P R Mill Private Limited and the status of the company was also changed from private limited company to a public limited company following a merger and pursuant to a scheme of arrangement approved by the High Court of Judicature at Madras on August 19,2006)

Regd. Office: No.9, Gokul Buildings, 1st Floor, A.K.S Nagar, Thadagam Road, Coimbatore 641001, Tamilnadu, India Tel:+9l-422-247 9835, Fax:+91-422-247 0159. Corporate Office: 270, J, Periyar Colony, Anupparpalayam,
Tirupur 641 652 Tel:+91-421- 248 7051, Fax:+91-421-247 7254.
Contact Person: Mr. Govind M Joshi, Tel: +91 421 248 7051. email: kpr.ipo@kprmill.com Website:www.kprmilllimited.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 59,12,100 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 225/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 215/- PER EQUITY SHARE) AGGREGATING TO RS. 133.02 CRORES (REFERRED TO AS 'THE ISSUE') BY K.P.R MILL LIMITED (THE 'COMPANY' OR THE 'ISSUER'). THE ISSUE CONSTITUTES 15.69% OF THE FULLY DILUTED POST ISSUE CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-.
THE ISSUE PRICE PER EQUITY SHARE IS RS. 225/- AND IT IS 22.5 TIMES THE FACE VALUE.

The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 10% of the net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the net Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 5859 applications for 69,29,475 equity shares resulting in 1.17 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejection)

Category No. of Applications No. of Shares Subscription
Qualified Institutional Buyers 11 5114050 1.4417
Non Institutional Investors 87 1218275 2.0606
Retail Individual Investors 5761 597150 0.3367

Final Demand

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

Bid Price (Rs. Per Share) No. of Shares % to Total Cumulative Total Cumulative % to Total
225 3984950 56.66 7032675 100.00
226 1850 0.03 3047725 43.34
230 2525 0.04 3045875 43.31
235 50 0.00 3043350 43.27
240 200 0.00 3043300 43.27
243 50 0.00 3043100 43.27
245 525 0.01 3043050 43.27
250 1200 0.02 3042525 43.26
260 50 0.00 3041325 43.25
262 25  0.00 3041275 43.24
Cut Off Price 265 3041250 43.24 3041250 43.24
7032675 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on 18th August, 2007.

A. Allocation to Retail Individual Investors (After Technical Rejections)

The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at and above the Issue Price of Rs. 225 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.3367 times. Hence FULL and FIRM allotments have been made against all valid applications. The total number of shares allotted in this category is 5,85,525 Equity Shares to 5641 successful applicants.The unsubscribed portion of 11,88,105 equity shares has been added to Non-Institutional and Qualified Institutional Investors categories, The category-wise details of the Basis of Allocation (Sample) are as under:

Category No. of Applications %to Total Total no. of Shares applied %to Total No. of Shares allocated Ratio Total No. of Shares allocated
25 2158 38.26 53950 9.21 25 FIRM 53950
50 1023 18.14 51150 8.74 50 FIRM 51150
75 329 5.83 24675 4.21 75 FIRM 24675
100 698 12.37 69800 11.92 100 FIRM 69800
125 105 1.86 13125 2.24 125 FIRM 13125
150 108 1.91 16200 2.77 150 FIRM 16200
175 241 4.27 42175 7.20 175 FIRM 42175
200 214 3.79 42800 7.31 . 200 FIRM 42800
225 20 0.35 4500 0.77 225 FIRM 4500
250 64 1.13 16000 2.73 250 FIRM 16000
275 10 0.18 2750 0.47 275 FIRM 2750
300 45 0.80 13500 2.31 300 FIRM 13500
325 6 0.11 1950 0.33 325 FIRM 1950
350 25 0.44 8750 1.49 350 FIRM 8750
375 565 10.02 211875 36.19 375 FIRM 211875
400 17 0.30 6800 1.16 400 FIRM 6800
425 13 0.23 5525 0.94 425 FIRM 5525

B. Allocation to Non-Institutional Investors (After Technical Rejections)

The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-off or at and above the Issue Price of Rs. 225 per Equity Share, was finalized in consultation with BSE, The total number of shares allotted in this category is 12,06,825 Equity Shares (including 615615 equity shares spilled over from Retail Individual Investors category) to 77 applicants. The category-wise details of the Basis of Allocation (Sample) are as under:

Category No. of Applications %to Total Total no. of Shares applied %to Total No. of Shares allocated Ratio Total No, of Shares allocated
550 2 2.60 1100 0.09 550 FIRM 1100
700 1 1.30 700 0.06 700 FIRM 700
1000 16 20.78 16000 1.33 1000 FIRM 16000
2000 1 1.30 2000 0.17 2000 FIRM 2000
4000 3 3.90 12000 0.99 4000 FIRM 12000
7000 1 1.30 7000 0.58 7000 FIRM 7000
10000 2 2.60 20000 1.66 10000 FIRM 20000
10200 2 2.60 20400 1.69 10200 FIRM 20400
11100 2 2.60 22200 1.84 11100 FIRM 22200
150925 1 1.30 150925 12.51 150925 FIRM 150925
188675 1 1.30 188675 15.63 188675 FIRM 188675
222200 2 2.60 444400 36.82 222200 FIRM 444400
226400 1 1.30 226400 18.76 226400 FIRM 226400

C. Allocation to QIBS

Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were to be allotted 5% of the quantum of shares available. Since there were no Mutual Fund applications received, the total shares of 41,19,750 including spill over from the unsubscribed portion of Retail Individual Investors category to the extent of 5,72,490 equity shares were allotted to QIBs.

Category FIs / Banks Flls ICs Total
No.of Shares 2397853 1381803 340094 4119750

The Board of Directors of the company at it's meeting held at Coimbatore on 20th August, 2007 has approved the basis of allotment of shares and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or Direct Credit) will be dispatched to the address of the investors as registered with the depositories on or before August 21,2007. 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 the 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

This details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy Computershare Private Limited at www.karvy.com or http://kcpl.karvy.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 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:

Karvy Computershare Private Limited
Unit: KPR Mill, Plot No. 17 to 24, Vitharao Nagar
Hitech City Road, Madhapur, Hyderabad - 500081, Fax: 040-23420814
Email: einward.ris@karyy.com

TOLL FREE - HELPLINE NUMBER : 1-800-3454001

Place : Coimbatore
Date : August 20, 2007

For K.P.R MILL LIMITED
Sd/-
K Kuppu Dhandapani
Chief Financial Officer

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 K.P.R MILL LIMITED.

KPR Mill IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in KPR Mill IPO?

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

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

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

  3. 3. What is KPR Mill IPO allotment process?

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