Manaksia IPO Details

Issue Open Dec 17, 2007
Issue Close Dec 19, 2007
IPO Price ₹160
Face Value ₹2
IPO Size ₹248.00 Cr
Listing At BSE, NSE
IPO Lot Size 40

MANAKSIA LIMITED

[Our Company was originally incorporated as Hindusthan Seals Limited in December 27,1984. We subsequently changed the name of our Company to Manaksia Limited pursuant to a special resolution of the members passed at the shareholders' meeting held on May 2, 2000. The fresh certificate of incorporation consequent to change of name was granted to our Company on December 4, 2003 by the Register of Companies, West Bengal, (See 'History ad Centain Matters' on page 88 the Prospectus for further details)]

Registered Office :8/1 Lalbazar street, Kolkata 700001 (Our registered office was shifted from 95/1 Dharmatolla Street, Kolkata 700001 to 8/1 Lalbazar Street, Kolkata 700001 with effect from December 19,1994 by a resolution passed by our Board) Tel : +91-33-2231-0050 (3 lines), Fax : +91-33-2230-0336/2242-8470 Contact Person and Compliance Officer: Mr. Sandeep Sultania Email : info@manaksia.com Website : www.manaksia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE UP TO 15,500,000 EQUITY SHARES OF RS. 2 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS. 160 PER EQUITY SHARE AGGREGATING RS. 2,480 MILLION (THE 'ISSUE') BY MANAKSIA LIMITED ('OUR COMPANY' OR ' THE ISSUER') THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 15,400,000 EQUITY SHARES ('THE NET ISSUE') AND A RESERVATION OF UP T0 100,000 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) (THE ' EMPLOYEE RESERVATION PORTION'). AT THE ISSUE PRICE THE ISSUE WOULD CONSTITUTE 22.29% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE NET ISSUE WOULD CONSTITUTE 22.15% OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY CAPITAL OF OUR COMPANY.
ISSUE PRICE: Rs. 160 PER EQUITY SHARE OF FACE VALUE RS. 2/-THE ISSUE PRICE IS 80 TIMES OF THE FACE VALUE.

The Public Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue shall be allocated on a proportionate basis to QIB Bidders out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to the Mutual Funds only and the remainder of the QIB portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, atleast 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders and atleast 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price.
Further, upto 100,000 Equity Shares shall be available for allocation on a proportionate basis to the Eligible Employees, subject to valid bids being received at or above the Issue Price.
The Issue received 76,233 applications for 134,183,080 equity shares resulting in 8.6570 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Investor categories are as under: (Before technical rejections)

Category No. of Applications No. of Shares Subscription
Qualified Institutional Bidders 43 105,459,120 13.6960
Non Institutional Investors 95 3,488,000 1.5100
Retail Investors 75,970 25,186,600 4.6728
Employee 125 49,360 0.4936

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
140 135,360 0.0969 139,718,120 100.0000
141 3,200 0.0023 139,582,760 99.9031
142 40 0.0000 139,579,560 99.9008
143 40 0.0000 139,579,520 99.9008
144 40 0.0000 139,579,480 99.9008
145 5,520 0.0040 139,579,440 99.9007
146 1,040 0.0007 139,573,920 99.8968
147 9,640 0.0069 139,572,880 99.8960
148 160 0.0001 139,563,240 99.8891
149 80 0.0001 139,563,080 99.8890
150 121,920 0.0873 139,563,000 99.8890
151 160 0.0001 139,441,080 99.8017
152 120 0.0001 139,440,920 99.8016
153 800 0.0006 139,440,800 99.8015
155 5,360 0.0038 139,440,000 99.8009
156 9,320 0.0067 139,434,640 99.7971
157 200 0.0001 139,425,320 99.7904
158 240 0.0002 139,425,120 99.7903
159 240 0.0002 139,424,880 99.7901
160 113,339,920 81.1204 139,424,640 99.7899
CUTOFF 26,084,720 18.6695 26,084,720 18.6695
TOTAL 139,718,120 100.0600

The Basis of Allocation for all the categories namely Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was finalised in consultation with Bombay Stock Exchange of India Limited (Designated Stock Exchange) on 31 December 2007.

A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 160/- per Equity Share, have been considered while preparing the basis of allocation. The category was over subscribed 4.393072 times. The unsubscribed portion of 17,864 Equity Shares from Employee category as well as 274,856 Equity shares from Non Ihstitutionnal Category has been spilled over to this category. The category-wise details of the Basis of allocation are as under:

Category (No. of shares) No. of Applns. % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No .of Shares Allocated
40 10,792 14.39 431,680 1.73 40 5:21 102,920
80 7,330 9.77 586,400 2.35 40 10:21 139,720
120 5,491 7.32 658,920 2.64 40 5:7 156,960
160 3,856 5.14 616,960 2.47 40 40:41 150,520
200 4,427 5.9 885,400 3.55 45 FIRM 199,215
240 1,690 2.25 405,600 1.62 54 FIRM 91,260
280 5,536 7.38 1,550,080 6.21 63 FIRM 348,768
320 3,426 4.57 1,096,320 4.39 72 FIRM 246,672
360 734 0.98 264,240 1.06 81 FIRM 59,454
400 1,980 2.64 792,000 3.17 91 FIRM 180,180
440 357 0.48 157,080 0.63 100 FIRM 35,700
480 478 0.64 229,440 0.92 109 FIRM 52,102
520 384 0.51 199,680 0.8 118 FIRM 45,312
560 515 0.69 288,400 1.16 127 FIRM 65,405
600 28,004 37.34 16,802,400 67.3 136 FIRM 3,808,544

B. Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non-Institutional Investors, who have bid at the Issue Price of Rs. 160/- per Equity Share, have ' been considered while preparing the basis of allocation. The category was over subscribed 0.881408 times. The total number of shares allotted in this category is 2,042,800. The unsubscribed portion of 7,656 Equity Shares from . Employee category has been spilled over to this category. The unsubscribed portion of 274,856 shares was added.to the Retail Category. The category wise details of the Basts of aBocation are as urider:

Category (No. of shares) No. of Applns. % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No .of Shares Allocated
640 4 4.88 2,560 0.13 640 FIRM 2,560
680 4 4.88 2,720 0.13 680 FIRM 2,720
720 1 1.22 720 0.04 720 FIRM 720
800 1 1.22 800 0.04 800 FIRM 800
960 1 1.22 960 0.05 960 FIRM 960
1000 4 4.88 4,000 0.2 1,000 FIRM 4,000
1120 2 2.44 2,240 0.11 1,120 FIRM 2,240
3200 1 1.22 3,200 0.16 3,200 FIRM 3,200
3440 1 1.22 3,440 0.17 3,440 FIRM 3,440
3600 1 1.22 3,600 0.18 3,600 FIRM 3,600
3720 1 1.22 3,720 0.18 3,720 FIRM 3,720
5920 1 1.22 5,920 0.29 5,920 FIRM 5,920
33160 1 1.22 33,160 1.62 33,160 FIRM 33,160
37880 1 1.22 37,880 1.85 37,880 FIRM 37,880
46840 1 1.22 46,840 2.29 46,840 FIRM 46,840
50000 1 1.22 50,000 2.45 50,000 FIRM 50,000
170000 1 1.22 170,000 8.32 170,000 FIRM 170,000
200000 1 1.22 200,000 9.79 200,000 FIRM 200,000
300000 1 1.22 300,000 14.69 300,000 FIRM 300,000
500000 1 1.22 500,000 24.48 500,000 FIRM 500,000

C. Allotment to Employees (After Technical Rejections)
All the bidders in the Employee Category, who have bid at the Issue Price of Rs. 160/- per Equity Share, have been considered while preparing the basis of allocation. The category was under subscribed by 0.489600 times. The total number of shares allocated in this category is 48,960 Equity Shares. The unsubscribed portion of 51,040 shares was added to the QIB, HNI and Retail Category in the ratio of 50:15:35.

Category (No. of shares) No. of Applns. % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No .of Shares Allocated
40 1 0.81 40 0.08 40 FIRM 40
120 1 0.81 120 0.25 120 FIRM 120
400 122 98.39 48,800 99.67 400 FIRM 48,800

D. Allotment to QIBs
The total number of shares allotted in this category is 7,725,508 Equity Shares including spill over from Employee Category (25,520 Shares). Allocation to QIBs has been done on a proportionate basis in consultation with BSE.

Category Foreign Institutions/Banks Mutual Funds Foreign Institutional Inverstors Venture Capitals Insurance Companies Total
Shares Allotted 826,836 1,325,959 4,497,043 1,075,670 - 7,725,508

Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Activity Date of Completion
Approval of Basis of Allotment by BSE 31st December, 2007
Despatch of Allotment Advices, Refund Orders and ECS Intimation Note 02nd January, 2008
Refund Instructions to the Clearing System(in case of Refunds through ECS system) 01st Jaunuary, 2008
Listing Application to BSE,NSE,CSE 03rd January,2008
Credit to beneficiary Accounts 02nd January, 2008

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts.
The company is taking steps to get the equity shares admitted for trading on National Stock Exchange Limited, Bombay Stock Exchange Limited and Calcutta Stock Exchange Association Limited within seven working days from the date of approval of the basis of allotment.

INVESTOR PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078
Tel: +91 - 22 - 2596 0320; Fax: +91 - 22 - 2596 0329
Email: manaksia.ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact person: Mr. Sachin Achar

Place : Mumbai
Date : 2nd January, 2008
For MANAKSIA LIMITED
On behalf of the Board of Directors
Sd-
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MANAKSIA LIMITED

Manaksia IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Manaksia IPO?

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

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

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

  3. 3. What is Manaksia IPO allotment process?

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