KSK Energy IPO Details

Issue Open Jun 23, 2008
Issue Close Jun 25, 2008
IPO Price ₹240
Face Value ₹10
IPO Size ₹830.66 Cr
Listing At BSE, NSE
IPO Lot Size 25

Power from knowledge
KSK Energy Ventures Limited

(Incorporated as KSK Energy Ventures Private Limited on February 14,2001 under the Companies Act, 1956. Subsequently, pursuant to a special resolution on January 19,2008, the name was changed to KSK Energy Ventures Limited.)
Registered Office: 8-2-293/82/A/431/A, Road No.22, Jubilee Hills, Hyderabad 500 003
Website: www.ksk.co.in; Email: lnvestors@ksk.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 3,46,11,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS 240 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 230 PER EQUITY SHARE, AGGREGATING RS. 830.66 CRORES (THE 'ISSUE') BY KSK ENERGY VENTURES LIMITED (THE 'COMPANY OR 'THE ISSUER'). THE ISSUE WOULD CONSTITUTE 10% OF POST ISSUE CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 240/- AND IT IS 24 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 Issue shall be available for allocation on a proportionate basis to Non-institutional Bidders and not less than 30% of the 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 13,750 applications for 5,15,54,720 equity shares resulting in 1.48 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 rejections)

Category No. of Applns. No. of Shares Subscription
Retail Individual Investors 13,696 20,17,770 0.19
Non Institutional Investors 34 35,34,400 1.02
Qualified Institutional Buyers 20 4,60,02,550 2.21

Final Demand
A sample of the final demand at different bid prices is as unders:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
240 37957450 72.90 52066575 100.00
242 350 0.00 14109125 27.10
243 75 0.00 14108775 27.10
245 7825 0.02 14108700 27.10
246 200 0.00 14100875 27.08
248 25 0.00 14100675 27.08
250 16050 0.03 14100650 27.08
251 75 0.00 14084600 27.05
Cut Off & at Rs.255 14084525 27.05 14084525 27.05

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ('NSE') on 4th July, 2008.

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail category, who have bid at cut-off or at the Issue Price of Rs.240/- per Equity Share, was finalized in consultation with NSE. The category was subscribed to the extent of  0.190951 times. The spill over portion of 84,00,600 shares have added to Qualified institutional Investors category. The total number of shares allotted in this category is 19,82,700 Equity Shares to 13,452 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
25 4609 34.26 115225 5.81 25 FIRM 115225
50 1201 8.93 60050 3.03 50 FIRM 60050
75 549 4.08 41175 2.08 75 FIRM 41175
100 2599 19.32 259900 13.11 100 FIRM 259900
125 121 0.90 15125 0.76 125 FIRM 15125
150 107 0.80 16050 0.81 150 FIRM 16050
175 266 1.98 46550 2.35 175 FIRM 46550
200 344 2.56 68800 3.47 200 FIRM 68800
225 46 0.34 10350 0.52 225 FIRM 10350
250 50 0.37 12500 0.63 250 FIRM 12500
275 11 0.08 3025 0.15 275 FIRM 3025
300 43 0.32 12900 0.65 300 FIRM 12900
325 18 0.13 5850 0.30 325 FIRM 5850
350 17 0.13 5950 0.30 350 FIRM 5950
375 3166 23.54 1187250 59.88 375 FIRM 1187250
400 305 2.27 122000 6.15 400 FIRM 122000

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 the Issue Price of Rs.240/- per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.693797 times. The spill over portion of 10,59,800 equity shares have been added to Qualified Institutional Investors category. The total number of shares allotted in this category is 24,01,300 Equity Shares to 23 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
400 3 13.04 1200 0.05 400 FIRM 1200
600 1 4.35 600 0.02 600 FIRM 600
1000 2 8.70 2000 0.08 1000 FIRM 2000
1950 1 4.35 1950 0.08 1950 FIRM 1950
2500 1 4.35 2500 0.10 2500 FIRM 2500
3000 2 8.70 6000 0.25 3000 FIRM 6000
4325 1 4.35 4325 0.18 4325 FIRM 4325
4500 1 4.35 4500 0.19 4500 FIRM 4500
10000 3 13.04 30000 1.25 10000 FIRM 30000
19600 1 4.35 19600 0.82 19600 FIRM 19600
25000 1 4.35 25000 1.04 25000 FIRM 25000
34000 1 4.35 34000 1.42 34000 FIRM 34000
39200 1 4.35 39200 1.63 39200 FIRM 39200
235300 1 4.35 235300 9.80 235300 FIRM 235300
313750 1 4.35 313750 13.07 313750 FIRM 313750
431375 1 4.35 431375 17.96 431375 FIRM 431375
1250000 1 4.35 1250000 52.08 1250000 FIRM 1250000

C. Allocation to QIBs
Allocation to QIBs has been done on a full and firm basis in consultation with NSE. This category has been subscribed to the extent of 1.521903 times. Since the Retail and Non-Institutional Investors categories have not been fully subscribed, the spill over portion of 94,60,400 equity shares from both the categories have been added to this category. The issuer has not received any applications from Mutual Funds. The break up of allocation as under:

Category Fls/Banks Flls MFs ICs Total
No.of Shares 7633402 20982733 0 1410865 30227000

The IPO committee of the company at It's Meeting held at Hyderabad on 5th July, 2008 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched 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 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 the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

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 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: KSK Energy IPO
Plot no. 17 to 24, Vitharao Nagar, Hitech City Road, Madhapur
Hyderabad  - 500081, Fax: 040-23420814
Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER 1-800-3454001

Place : Hyderabad
Date : 8 July, 2008
For KSK Energy Ventures Limited
Sd/-
D Suresh Babu
Company Secretary & Compliance Offer

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 KSK ENERGY VENTURES LIMITED.

KSK Energy IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in KSK Energy IPO?

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

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

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

  3. 3. What is KSK Energy IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in KSK Energy IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).








Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App