Magnum Ventures IPO Details

Issue Open Aug 27, 2007
Issue Close Aug 30, 2007
IPO Price ₹30
Face Value ₹10
IPO Size ₹52.92 Cr
Listing At BSE, NSE
IPO Lot Size 200

MAGNUM VENTURES LIMITED

(Originally incorporated as Magnum Papers Private Limited on May 29, 1980. under the Companies Act, 1956, with the Registrar of Companies, Delhi and Haryana, New Delhi. The Company was converted into a public limited company and the name of the Company was changed to Magnum Papers Limited, and a fresh Certificate of Incorporation issued on May 31, 1995 by the Registrar of Companies, Delhi and Haryana at New Delhi. The name of the Company was further changed to Magnum Ventures Limited and a fresh certificate of Incorporation obtained on November 15, 2006 from the Registrar of Companies. For details of changes In the Registered Office of the Company,
please refer to page no. 11 of the Red Herring Prospectus.)
Registered Office: "Magnum House", 3/4326, Ansari Road, Daryaganj, New Delhi - 110 002, Tel/Fax: 91- 11- 23262983 Corporate Office: 18/41, Site IV. Industrial Area, Sahibabad - 201 010, Ghaziabad, Uttar Pradesh,
Tel.: 91- 0120- 2895200/01/02/03; Fax: 91- 0120- 2895210
Contact Person/Compliance Officer: Mr. K. Sitaraman, Vice President (Corporate) & Company Secretary
E-mail: ipo@magnumventures.in; Website: www.magnumventures.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,76,40,750 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 30/- (INCLUDING SHARE PREMIUM OF RS. 20/- PER EQUITY SHARE) AGGREGATING TO RS. 5292.23 LAKHS (HEREINAFTER REFERRED TO AS THE "ISSUE") THE ISSUE WILL CONSTITUTE 46.92% OF THE POST-ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE IS RS. 30/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH. THE ISSUE PRICE IS 3.0 TIMES OF THE FACE VALUE

The Issue is being made through the 100% Book Building Process wherein up to 50% of the Issue size shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs), out of which 5% will be available for allocation on a proportionate basis to Mutual Funds. The remaining QIB portion shall be available for allotment on a proportionate basis to QIB bidders including Mutual Funds, subject to valid bids being received at or above the Issue Price, Further, not less than 15% of the Issue size would be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue size would be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 8687 applications for 48371200 equity shares resulting in 2.742 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 Applications No. of Shares Subscription
Qualified Institutional Buyers 7 20670000 2.343
Non Institutional Investors 75 7982800 3.017
Retail Individual Investors 8605 19718400 3.194

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
27 232400 0.45 232400 0.45
28 58800 0.11 291200 0.56
29 211000 0.41 502200 0.97
30 34048800 66.54 34551000 66.51
Cut-Off 17401400 33.49 51952400 31.52

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on September 12, 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 the Issue Price of Rs. 30 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 3.161 times. The total number of shares allotted in this category is 6174697 Equity Shares to 7338 successful applicants. The category-wise details of the Basis of Allocation (Sample) 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
200 1350 15.96 270000 1.38 200 13:41 85600
400 524 6.20 209600 1.07 200 9:14 67400
600 261 3.09 156600 0.80 200 25:26 50200
800 113 1.34 90400 0.46 253 FIRM 28589
1000 209 2.47 209000 1.07 316 FIRM 66044
1200 37 0.44 44400 0.23 380 FIRM 14060
1400 29 0.34 40600 0.21 443 FIRM 12847
1600 249 2.94 398400 2.04 506 FIRM 125994
1800 13 0.15 23400 0.12 569 FIRM 7397
2000 39 0.46 78000 0.40 633 FIRM 24687
2200 6 0.07 13200 0.07 696 FIRM 4176
2400 10 0.12 24000 0.12 759 FIRM 7590
2600 7 0.08 18200 0.09 822 FIRM 5754
2800 13 0.15 36400 0.19 886 FIRM 11518
3000 21 0.25 63000 0.32 949 FIRM 19929
3200 5576 65.93 17843200 91.42 1012 FIRM 5642912

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs. 30 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 2.965 times. The total number of shares allotted in this category is 2646112 Equity Shares to 72 successful applicants. The category-wise details of the Basis of Allocation (Sample) 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
3400 1 1.39 3400 0.04 1147 FIRM 1147
4000 1 1.39 4000 0.05 1349 FIRM 1349
5000 1 1.39 5000 0.06 1686 FIRM 1686
6600 5 6.94 33000 0.42 2226 FIRM 11130
7000 1 1.39 7000 0.09 2361 FIRM 2361
8200 2 2.78 16400 0.21 2765 FIRM 5530
9600 2 2.78 19200 0.24 3237 FIRM 6474
15000 1 1.39 15000 0.19 5059 FIRM 5059
16000 1 1.39 16000 0.20 5396 FIRM 5396
16600 2 2.78 33200 0.42 5598 FIRM 11196
20000 2 2.78 40000 0.51 6745 FIRM 13490
25000 1 1.39 25000 0.32 8431 FIRM 8431
25600 1 1.39 25600 0.33 8633 FIRM 8633
28000 2 2.78 56000 0.71 9443 FIRM 18886
30000 2 2.78 60000 0.76 10117 FIRM 20234
33000 1 1.39 33000 0.42 11129 FIRM 11129
33200 5 6.94 166000 2.12 11196 FIRM 55980
33400 2 2.78 66800 0.85 11264 FIRM 22528
40000 1 1.39 40000 0.51 13490 FIRM 13490
43200 3 4.17 129600 1.65 14569 FIRM 43707
45400 1 1.39 45400 0.58 15311 FIRM 15311
48000 1 1.39 48000 0.61 16187 FIRM 16187
50000 1 1.39 50000 0.64 16862 FIRM 16862
57000 1 1.39 57000 0.73 19223 FIRM 19223
66600 1 1.39 66600 0.85 22460 FIRM 22460
80000 1 1.39 80000 1.02 26979 FIRM 26979
83200 5 6.94 416000 5.30 28058 FIRM 140290
85000 2 2.78 170000 2.17 28665 FIRM 57330
87000 1 1.39 87000 1.11 29340 FIRM 29340
100000 2 2.78 200000 2.55 33724 FIRM 67448
170000 1 1.39 170000 2.17 57331 FIRM 57331
171000 1 1.39 171000 2.18 57668 FIRM 57668
177000 1 1.39 177000 2.26 59691 FIRM 59691
200000 5 6.94 1000000 12.74 67448 FIRM 337240
281600 1 1.39 281600 3.59 94966 FIRM 94966
300000 1 1.39 300000 3.82 101172 FIRM 101172
333000 2 2.78 666000 8.49 112301 FIRM 224602
333200 2 2.78 666400 8.49 112368 FIRM 224736
333400 3 4.17 1000200 12.75 112435 FIRM 337305
400000 1 1.39 400000 5.10 134896 FIRM 134896
10000000 1 1.39 1000000 12.74 337239 FIRM 337239

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 initially allotted 5% of the quantum of shares available i.e., 4,41,019 equity shares and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares i.e., 83,79,356 equity shares on proportionate basis.

Category MFs Flls VCs Total
No. of Shares 0 7412187 1408188 8820375

The Board of Directors of the company at its Meeting held at Delhi on September 13, 2007 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.
The Company has filed the listing application with the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on September 14, 2007.
The CAN-cum-Refund Orders and ECS/RTGS/NEFT/Direct Credit Intimation and notices (where applicable) 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 the Registrar to the Issue, 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 the successful applicants have been 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 National Stock Exchange of India Limited and the Bombay Stock Exchange 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, Bigshare Services Private Limited at www.bigshareonline.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:

BIGSHARE SERVICES PRIVATE LTD.:
Unit: Magnum, E-2, Ansa Industrial Estate, Sakivihar Road, Saki Naka, Andheri (East), Mumbai - 400 072
Tel : +91-22-40430200 Fax: +91-22-28475207
E-mail: ipo@bigshareonline.com



Place: Delhi
Date :
September 14, 2007

For Magnum Ventures Limited
For and on behalf of the Board of Directors
sd/-
Chairman & Manaqing 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 MAGNUM VENTURES LIMITED.

Magnum Ventures IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Magnum Ventures IPO?

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

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

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

  3. 3. What is Magnum Ventures IPO allotment process?

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