Issue Open | Nov 27, 2009 |
Issue Close | Dec 1, 2009 |
IPO Price | ₹180 |
Face Value | ₹10 |
IPO Size | ₹102.60 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 35 |
MBL Infrastructures Limited (Our Company was originally incorporated as Maheshwari Brothers Limited on August 25,1995 at Registrar of Companies, West Bengal, under the Companies Act 1956. The name of our Company was changed to MBL Infrastructures Limited with effect from July 05,2006. For details of incorporation and change of name please refer to the section titled "History and Certain Corporate Matters" beginning on page 90 of the Prospectus.) Registered Office and Corporate Office: 23A, Netaji Subhas Road,
3rd Floor, Suite 14, Kolkata 700 001. BASIS OF ALLOTMENT PUBLIC ISSUE OF 57, 00,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 180/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 170/- PER EQUITY SHARE) AGGREGATING TO RS. 10,260 LACS, (THE ISSUE"), BY MBL INFRASTRUCTURES LIMITED ("OUR COMPANY", OR THE ISSUER"): THE ISSUE INCLUDES NET ISSUE TO THE PUBLIC OF 56,00,000 EQUITY SHARES AND A RESERVATION OF UPTO 1,00,000 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE EMPLOYEE RESERVATION PORTION") AT THE ISSUE PRICE. THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE "NET ISSUE".THE ISSUE WILL CONSTITUTE 32.55% AND THE NET ISSUE WILL CONSTITUTE 31.97% OF THE FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF OUR COMPANY. BID/ISSUE OPENED ON NOVEMBER 27,2009. CLOSED ON DECEMBER 01,2009. The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or about January 14,2010. THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.180/- AND IT IS 18 TIMES THE FACE VALUE. THE ANCHOR INVESTOR ISSUE PRICE IS RS. 180/-PER EQUITY SHARE. The Issue was made through the 100% Book Building Process wherein not more than 50% of the Net Issue was to be available for allocation 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 then 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less then 35% 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. Further upto 1,00,000 equity shares shall be available for allocation on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price. The Company has allocated 8,40,000 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs. 180/- per equity share in accordance with the SEBI Regulation. The Issue received 3,688 applications for 96,01,060 equity shares resulting in 1.68 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under (Before technical rejections)
Final Demand
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on January 05,2010. A. Allocation to Employees (After Technical Rejections)
B. Allocation to Retail Individual Investors (After Technical Rejections)
C. Allocation to Non Institutional Investors (After Technical Rejections)
D. Allocation to QIBs
E. Allocation to Anchor Investors
The Board of Directors of the company at its Meeting held at Kolkotta on January 05,2010 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 will be 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 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. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them to the prospectus dated December 23,2009 ("Prospectus"). INVESTORS PLEASE NOTE These details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in 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: Link Intime India Private limited
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The MBL Infra IPO basis of allotment (published above) tells you how shares are allocated to you in MBL Infra IPO and category wise demand of IPO share.
Visit the MBL Infra IPO allotment status page to check the number of shares allocated to your application.
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