Issue Open | Jul 29, 2008 |
Issue Close | Aug 1, 2008 |
IPO Price | ₹192 |
Face Value | ₹10 |
IPO Size | ₹86.40 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 30 |
NUTEK INDIA LIMITED (Our Company was originally incorporated as NuTek India Private Limited on July under the Companies Act1956 at New Deihi. Subsequent our Company vras converted into a public limited company and received fresh Certificate of Incorporation dated March 24,2006 in the name of Nu Tek India Limited from the Registrar of companies, ROC of Delhi and Haryana. For details of changes in Registered Office of our Company, please see the Section "History and Certain Corporate Matters" on page 68 of the Prospectus) Registered office:B-14A, Devika Towers. Nehru
Place,New Delhi-110 019. Tel: +91 11 32694477, Fax: +91 11 30823984 BASIS OF ALLOCATION
The Issue was made through the 100% Book Building Process wherein at least 50% of the Issue size shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs), out of which 5% will be available for allocation on a proportionate basis to Mutual Funds only. The remaining QIB portion shall be available tor allotment on a proportionate basis to QIB bidders including Mutual Funds, subject to valid bids being received at or above the Issue Price. Further, not less than 15% of the Issue size would be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue size would be 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 10074 applications for 68,37,900 equity shares resulting in 1.52 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-institutional Investors, Retail individual Investors and Employee categories are as under: (Before technical rejections)
Final Demand
The Basis of Allocation was finalised in consultation with the Bombay Stock Exchange Limited ("BSE"), the Designated Stock Exchange on August 21,2008. A. Allocation to Employees (AfterTechnical Rejections)
B Allocation to Retail Individual Investors (After Technical Rejections)
C. Allocation to Non institutional Investors(AfterTechnicalRejectlons)
D. Allocation to QIBs (After Technical Rejections)
The Board of Directors of the company at it's Meeting held at Gurgaon on August 21,2008 has approved the basis of allocation of shares of the Issue and has recommended the allotment the Equity shares to various successful applicants. The CAN cum Refund Orders and ECS / RTGS / NEFT / Direct Credit Intimation and notices (where applicable) have been dispatched to the addresses of the investors as registered with the depositories on August 22,2008. in case the same is not received within ten days, investors may contact the Registrar to the Issue, at the addresses 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 the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company received the listing and trading approval from both, the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on August 26,2008 and the trading in equity shares of the Company commenced w.e f. August 27,2008. INVESTORS PLEASE NOTE This details of the allocation made would be hosted on the website of Registrars to the Issue, Aarthi Consultants Private Limited at www.aarthiconsultants.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: AARTHI CONSULTANTS 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 NU TEK INDIA LIMITED. |
The Nu Tek India IPO basis of allotment (published above) tells you how shares are allocated to you in Nu Tek India IPO and category wise demand of IPO share.
Visit the Nu Tek India IPO allotment status page to check the number of shares allocated to your application.
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