Muthoot Finance Limited
Our Company was originally incorporated as a private limited company on March
14,1997 under the provisions of the Companies Act, 1956, with the name "The Muthoot
Finance Private Limited". Subsequently, by a fresh certificate of incorporation dated
May 16,2007, our name was changed to "Muthoot Finance Private Limited". Our
Company was converted into a public limited company on November 18,2008 with the name
"Muthoot Finance Limited" and received a fresh certificate of incorporation
consequent to change in status on December 02,2008 from the Registrar of Companies, Kerala
and Lakshadweep. For further details regarding changes to the name and registered office
of our Company, see section titled "History and Certain Corporate Matters" on
page 124 of the Prospectus.
Registered and Corporate Office: Muthoot Chambers, Opposite Saritha Theatre
Complex, 2nd Floor, Banerji Road, Kochi 682 018, India. Tel: (91 484) 239
4712; Fax: (91 484) 239 6506. Company
Secretary and Compliance Officer: Rajesh A.; Tel: (91484) 353
5533;
Fax: (91 484) 239 6506;
PROMOTERS: M.G. GEORGE MUTHOOT, GEORGE THOMAS MUTHOOT, GEORGE JACOB
MUTHOOT AND GEORGE ALEXANDER MUTHOOT
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 51,500,000 EQUITY SHARES OF FACE VALUE RS. 10 EACH (THE "EQUITY
SHARE") FOR CASH AT A PRICE OF RS. 175 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF
RS. 165 PER EQUITY SHARE, AGGREGATING UP TO RS. 9,012.50 MILLION (THE "ISSUE")
BY MUTHOOT FINANCE LIMITED (THE "COMPANY OR THE "ISSUER"). THE ISSUE WILL
CONSTITUTE 13.85% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR
COMPANY.
THE ISSUE PRICE IS 17.5 TIMES THE FACE VALUE OF THE EQUITY SHARES.
The Company, in consultation with the BRLMs and CBRLM, has decided not to offer any
discount on the Issue Price to Retail Individual Bidders.
The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange
Limited ("BSE") and the National Stock Exchange of India Limited
("NSE") and the trading will commence on May 06, 2011.
This Issue has been made for less than 25% of the post-Issue share capital pursuant
to Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended,
read with Regulations 26(1) and 41 (1) of the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended
("SEBIICDR Regulations"). Further, this Issue has been made through the Book
Building Process wherein not more than 50% of the Issue was available for allocation to
Qualified Institutional Buyers ("QIBs") on a proportionate basis out of which 5%
of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on
a proportionate basis to Mutual Funds only, and the remainder was available for allocation
on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being
received at or above the Issue Price. Further, not less than 15% of the Issue was
available for allocation on a proportionate basis to Non-Institutional Bidders and not
less than 35% 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. Our
Company has allocated 30% of the QIB Portion to the Anchor Investors on a discretionary
basis. One third of the Anchor Investor Portion was reserved for allocation to domestic
Mutual Funds, subject to valid bids being received from domestic Mutual Funds at or above
the Anchor Investor Issue Price. Bidders (except Anchor Investors) were allowed to
participate in this Issue through the ASBA process by providing the details of the bank
accounts in which the corresponding Bid Amounts had to be blocked by the SCSBs. For
further details, see section titled "Issue Procedure" on page 336 of the
Prospectus.
The Board of Directors of the Company wishes to thank all the investors for their response
to the Issue, which opened for subscription on Monday, April 18,2011 and closed on
Thursday, April 21,2011. The Anchor Investors Bidding date was April 15,2011.
The Issue received 265,018 applications for 1,078,895,200
equity shares resulting in 20.9494 times subscription. The details of the
applications received in the Issue from Qualified Institutional Buyers, Non-Institutional,
Retail Individual Investor and Anchor Investors are as under: (Before technical
rejections)
|
Category |
No.of Applications |
No.of Shares |
No.of Times subscription |
| A |
Retail Individual Bidders |
264269 |
151821320 |
8.4228 |
| B |
Non Institutional Bidders |
597 |
469072840 |
60.7214 |
| C |
Qualified Institutional Bidders |
137 |
449100480 |
24.9154 |
| D |
Anchor Investors |
15 |
8900560 |
1.1522 |
|
Total |
265018 |
1078895200 |
20.9494 |
Final Demand
The final demand at different bid prices is as under:
| Bid Price |
No.of equity Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
| 160 |
19,508,720 |
1.741 |
19,508,720 |
1.741 |
| 161 |
13,000 |
0.001 |
19,521,720 |
1.743 |
| 162 |
11,240 |
0.001 |
19,532,960 |
1.744 |
| 163 |
21,800 |
0.002 |
19,554,760 |
1.745 |
| 164 |
2,920 |
0.000 |
19,557,680 |
1.746 |
| 165 |
3,291,320 |
0.294 |
22,849,000 |
2.040 |
| 166 |
62,000 |
0.006 |
22,911,000 |
2.045 |
| 167 |
15,280 |
0.001 |
22,926,280 |
2.046 |
| 168 |
17,900,480 |
1.598 |
40,826,760 |
3.644 |
| 169 |
7,080 |
0.001 |
40,833,840 |
3.645 |
| 170 |
7,289,000 |
0.651 |
48,122,840 |
4.295 |
| 171 |
24,320 |
0.002 |
48,147,160 |
4.298 |
| 172 |
83,880 |
0.007 |
48,231,040 |
4.305 |
| 173 |
685,760 |
0.061 |
48,916,800 |
4.366 |
| 174 |
46.200 |
0.004 |
48,963,000 |
4.370 |
| 175 |
941,031,400 |
83.997 |
989,994,400 |
88.367 |
| CUTOFF |
130,323,800 |
11.633 |
1,120,318,200 |
100.000 |
| TOTAL |
1,120,318,200 |
100.000 |
|
|
The Basis of Allocation was finalized on May 02, 2011 in consultation with the
Bombay Stock Exchange Limited ("BSE"), the Designated Stock Exchange for the
issue.
A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off
Price or at the Issue Price of Rs. 175 per Equity Share, was finalized in consultation
with BSE. This category has been over subscribed to the extent of 8.3534 times.
The total number of shares allotted in Retail Individual Investor category is 18,025,000
Equity Shares to 196,573 successful applicants.The category-wise details of the
Basis of Allotment are (sample) as under:
| Category |
No. of Applns. |
% to total |
Total No. of
Equity Shares applied |
% to total |
No. of Equity
Shares allocated |
Ratio |
Total No. of
Equity Shares allocated |
| 40 |
29,286 |
11.27 |
1,171,440 |
0.78 |
40 |
11:94 |
137,080 |
| 80 |
20,916 |
8.05 |
1,673,280 |
1.11 |
40 |
17:71 |
200,320 |
| 120 |
15,596 |
6 |
1,871,520 |
1.24 |
40 |
32:89 |
224,320 |
| 160 |
7,681 |
2.96 |
1,228,960 |
0.82 |
40 |
23:48 |
147,200 |
| 200 |
11,256 |
4.33 |
2,251,200 |
1.5 |
40 |
58:97 |
269,200 |
| 240 |
4,139 |
1.59 |
993,360 |
0.66 |
40 |
23:32 |
119,000 |
| 280 |
9,948 |
3.83 |
2,785,440 |
1.85 |
40 |
31:37 |
333,400 |
| 320 |
3,584 |
1.38 |
1,146,880 |
0.76 |
40 |
23:24 |
137,400 |
| 360 |
1,682 |
0.65 |
605,520 |
0.4 |
43 |
1:1 |
72,326 |
| 400 |
6,080 |
2.34 |
2,432,000 |
1.62 |
48 |
1:1 |
291,840 |
| 440 |
1,353 |
0.52 |
595,320 |
0.4 |
53 |
1:1 |
71,709 |
| 680 |
707 |
0.27 |
480,760 |
0.32 |
81 |
1:1 |
57,267 |
| 720 |
860 |
0.33 |
619,200 |
0.41 |
86 |
1:1 |
73,960 |
| 760 |
380 |
0.15 |
288,800 |
0.19 |
91 |
1:1 |
34,580 |
| 800 |
1,614 |
0.62 |
1,291,200 |
0.86 |
96 |
1:1 |
154,944 |
| 920 |
356 |
0.14 |
327,520 |
0.22 |
110 |
1:1 |
39,160 |
| 960 |
379 |
0.15 |
363,840 |
0.24 |
115 |
1:1 |
43,585 |
| 1000 |
1,568 |
0.6 |
1,568,000 |
1.04 |
120 |
1:1 |
188,160 |
| 1120 |
85,954 |
33.09 |
96,268,480 |
63.94 |
134 |
1:1 |
11,517,836 |
| 1120 |
|
|
|
|
1 |
9:79 |
9,786 |
B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue
Price of Rs. 175 per Equity Share, was finalized in consultation with BSE. This category
has been over subscribed to the extent of 60.6026 times. The total number of equity
shares allotted in this category is 7,725,000 equity shares to 551 successful
applicants. The category-wise details of the Basis of Allotment are (Sample) under
| Category |
No. of Applns. |
% to total |
Total no. of
Equity Shares applied |
% to total |
No. of Equity
Shares allocated |
Ratio |
Total No. of
Equity Shares allocated |
| 1160 |
19 |
3.24 |
22,040 |
0 |
40 |
8:19 |
320 |
| 1200 |
30 |
5.11 |
36,000 |
0.01 |
40 |
1:2 |
600 |
| 1240 |
1 |
0.17 |
1,240 |
0 |
40 |
1:1 |
40 |
| 1400 |
5 |
0.85 |
7,000 |
0 |
40 |
2:5 |
80 |
| 1520 |
1 |
0.17 |
1,520 |
0 |
40 |
1:1 |
40 |
| 1640 |
2 |
0.34 |
3,280 |
0 |
40 |
1:2 |
40 |
| 1680 |
3 |
0.51 |
5,040 |
0 |
40 |
2:3 |
80 |
| 1720 |
1 |
0.17 |
1,720 |
0 |
40 |
1:1 |
40 |
| 1800 |
3 |
0.51 |
5,400 |
0 |
40 |
2:3 |
80 |
| 1960 |
1 |
0.17 |
1,960 |
0 |
40 |
1:1 |
40 |
| 2000 |
12 |
2.04 |
24,000 |
0.01 |
40 |
2:3 |
320 |
| 2040 |
1 |
0.17 |
2,040 |
0 |
40 |
1:1 |
40 |
| 380000 |
1 |
0.17 |
380,000 |
0.08 |
6,270 |
1:1 |
6,270 |
| 628600 |
1 |
0.17 |
628,600 |
0.13 |
10,372 |
1:1 |
10,372 |
| 858000 |
1 |
0.17 |
858,000 |
0.18 |
14,158 |
1:1 |
14,158 |
| 860000 |
3 |
0.51 |
2,580,000 |
0.55 |
14,191 |
1:1 |
42,573 |
| 7142000 |
1 |
0.17 |
7,142,000 |
1.53 |
117,850 |
1:1 |
117,850 |
| 8900000 |
1 |
0.17 |
8,900,000 |
1.9 |
146,858 |
1:1 |
146,858 |
| 13171400 |
1 |
0.17 |
13,171,400 |
2.81 |
217,340 |
1:1 |
217,340 |
| 17142840 |
1 |
0.17 |
17,142,840 |
3.66 |
282,873 |
1:1 |
282,873 |
C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SEBI regulations, Mutual Funds were initially allocated 5% of the quantum of shares
available (901,250 Equity Shares) and other QIBs were allocated the remaining
available shares (17,123,750 Equity Shares) on proportionate basis.
| Category |
Fls/Banks |
Flls |
MFs |
ICs |
Total |
| No. of Shares |
2842361 |
11151845 |
3041566 |
989228 |
18025000 |
D. Allocation to Anchor Investors
Allocation to Anchor Investors has been done on a discretionary basis in consultation with
BRLMs and CBRLM. As per the SEBI regulations, 30% of QIB Reservation (7,725,000
Equity Shares) was allocated to Anchor investors.
| Category |
Flls |
MFs |
Total |
| No. of Shares |
6855160 |
869840 |
7725000 |
The Board of Directors of the Company at it's Meeting held on May 03,2011, after taking
on record the basis of allocation of shares approved by the Designated Stock Exchange
viz., Bombay Stock Exchange Limited ("BSE"), Mumbai, of the Issue, has approved
the allotment of equity shares and has authorized the Corporate Action for the credit of
the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/ or notices 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 at the address given below. The Refund
Orders have been over-printed with the Bank Account details as registered, if any, with
the depositories. The shares allotted to successful applicants are being credited to their
beneficiary accounts subject to validation of the account details with the depositories
concerned.
The Company filed the listing applications for Equity Shares with BSE and NSE on May
04,2011 and received the listing approvals from BSE and NSE on May 04,2011. The dispatch
of refund orders, as applicable, has been completed on May 04,2011, the dispatch of
allotment advice to the allottees will be completed on May 06,2011, and the refund
instructions to the Clearing system / instruction to Self Certified Syndicate Banks were
given on May 03,2011. The credit instructions to the Central Depository Services (India)
Limited and the National Securities Depository Limited in respect of allotment of Equity
Shares in dematerialized form was completed on May 04,2011. The Company received the
trading approvals from BSE and NSE on May 04,2011 for dealing in the Equity Shares with
effect from May 06,2011.
INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrar to the
Issue, Link Intime India Private Limited at their Website: www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar
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
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel.: +91 22 2596 0320, Fax: +91 22 2596 0329, Email ID: mfl.ipo@linkintime.co.in
|
Zerodha (Trading & Demat Account)
RHP
