Issue Open | Jun 23, 2009 |
Issue Close | Jun 26, 2009 |
IPO Price | ₹300 |
Face Value | ₹10 |
IPO Size | ₹277.96 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 20 |
MAHINDRA HOLIDAYS
& RESORTS INDIA LIMITED
(Our Company was incorporated as a private limited called 'Mahindra
Holidays & Resorts India Private Limited' on September 20, 1996. The status of our
Company was changed to a public limited company by a special resolution of the members
passed at the annual general meeting held on January 29,1998. The fresh certificate
of incorporation consequent upon conversion was issued to our Company on April 17,1998. by
the Registrar of company Tamil Nadu at Chennai. Registered & Corporate Office:
Mahindra Towers, 2nd Floor, No, 17/18, Patullos Road, BASIS OF ALLOTMENT PUBLIC ISSUE OF 92,65,275 EQUITY SHARES OF RS. 10 EACH OF MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED ("MAHINDRA HOLIDAYS" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.300 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.290/- PER EQUiTY SHARE), CONSISTING OF A FRESH ISSUE OF 58,96,084 EQUITY SHARES AND AN OFFER FOR SALE OF 33,69,191 EQUiTY SHARES BY MAHINDRA & MAHINDRA LIMITED (THE "SELLING SHAREHOLDER"), AGGREGATING RS.277.96 CRORE (THE "ISSUE"). THE ISSUE CONSTITUTES 11.0 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 300/- AND IT IS 30 TIMES THE FACE VALUE. In terms of Rule 19(2)(b) of the Securities Contract Regulation Rules, 1957 {"SCRR"), this being an Issue for less than 25% of the post-Issue capital, the Issue was made through the 100% Book Building Process wherein at least 60% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% was available for allocation on a proportionate basis to Mutual Funds only. The remainder was available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price, if at least 60% of the Issue cannot be allocated to QIBs, then the entire application money was to be refunded forthwith. Further, not less than 10% of the Issue was available for allocation on a proportionate basis to Non-lnsiitutional Bidders and not less than 30% of the Issue was 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 55,747 applications for 83,938,103 equity shares resulting in 9.06 times subscription. The details of the applications received in the issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investors categories are as under: (Before technical rejections)
Final Demand
A. Allocation to Retail Individual Investors including ASBA Applicants (After
Technical Refections)
B. Allocation to Non Institutional Investors (After Technical
Rejections)
C. Allocation to QIBs
The IPO committee of the company at its Meeting held at Chennai on 8th July, 2009 has approved the basis of allocation of equity shares of the issue and has allotted the equity shares to various successful applicants. Despatch of the CAN-cum-Refund Orders, allotment advice, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or Direct Credit) and notices (where applicable) have been dispatched to the address of the investors as registered with the depositories has been completed on 10th July, 2009. Instructions to ASBA banks to transfer funds related to equity shares allotted, if any, and unblock the remaining amount have been given on 9th July, 2009. 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 equity shares allocated io 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 tor trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation i.e.on or before 16th July, 2009 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://karisma.karvy.com
Karvy Computershare Private Limited
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 MAHINDRA HOLIDAYS &
RESORTS INDIA LIMITED |
The Mahindra Holidays IPO basis of allotment (published above) tells you how shares are allocated to you in Mahindra Holidays IPO and category wise demand of IPO share.
Visit the Mahindra Holidays IPO allotment status page to check the number of shares allocated to your application.
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