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 |