Pyramid Saimira IPO Details

Issue Open Dec 11, 2006
Issue Close Dec 18, 2006
IPO Price ₹100
Face Value ₹10
IPO Size ₹84.44 Cr
Listing At BSE, NSE
IPO Lot Size 60

PYRAMID SAIMIRA THEATRE LIMITED
(Formerly known as Pyramid Entertainment Limited)
India's Mega Theatre Chain Company

Our Company was incorporated as Pyramid films International Private Limited on 20/06/1997 under Companies Act, 1956, with the Registration No.18-38469. The name of   our Company was changed to Pyramid films International Limited w.e.f.10/08/2000. Subsequently it was charged to Pyramid Entertainment and Softsystems Limited w.e.f 14/08/2000 and was further changed to Pyramid Entertainment Limited w.e.f. 01/01/2002. The name was further changed to Pyramid Saimira  Theatre Limited w.e.f. 23/08/2004 under the Companies Act, 1956 and a fresh certificate of Incorporation was received from the Registrar of Companies, Tamilnadu. For details on changes to our Registered Office, please refer to the chapter titled 'History and Other Corporate Matters" on page 66 of the Prospectus.)

Registered Office: C-1, II Floor, Temple Towers, # 672 Anna Salai, Nandanam, Chennai 600 035. Tel: (044) 42123456; Fax: (044) 42121080 E-Mail: pstl@pstl.in; Webiste: www.pstl.in

BASIS OF ALLOCATION

PUBLIC ISSUE OF 84,44,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 100/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 90/- PER SHARE) AGGREGATING RS. 8,444.00 LAKHS (REFERRED TO AS "THE ISSUE"). THE ISSUE COMPRISED A PROMOTER CONTRIBUTION OF 9,31,165 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100/- PER EQUITY SHARE AGGREGATING RS. 931.165 LAKHS AND EMPLOYEES' RESERVATION OF 4,22,200 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 100/- PER EQUITY SHARE FORCASH AGGREGATING RS. 422.2 LAKHS. THE ISSUE LESS PROMOTERS' CONTRIBUTION AND EMPLOYEES' RESERVATION SHALL BE HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE WILL CONSTITUTE 29.87% OF POST ISSUE PAIDUP CAPITAL OF THE COMPANY. THE NET ISSUE WILL CONSTITUTE 25.08% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE PER EQUITY SHARE 1S RS.100/ -AND IT IS 10 TIMES THE FACE VALUE

The issue made through the 100% Book Budding Process wherein up to 50% of the net Issue was to be allocated 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, at least 15% of the issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 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.

The Issue received 67,562 applications for 13,02,21,000 equity shares resulting in 17.33 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employees categories are as under. (Before technical rejections)

Category No.of Applications No of Shares Subscription
Employees 13 432600 1.02
Retail Individual Investors 67320 38993520 15.71
Non-Institutional Investors 184 29891460 28.10
Qualified Institutional Buyers 45 60903420 17.19

Final Demand
A sample of the final demand at different bid prices is as under:

PRICE NO.OF SHARES % TO TOTAL CUMULATIVE TOTAL CUMULATIVE  % TO TOTAL.
88 765780 0.46 166147140 100.00
89 1320 0.00 165381360 99.54
90 16790040 10.11 165380040 99.54
91 1620 0.00 148590000 89.43
92 22680 0.01 148588380 89.43
93 8700 0.01 148565700 89.42
94 310320 0.19 148557000 89.41
95 12939780 7.79 148246680 89.23
96 1860 0.00 135306900 81.44
97 2100 0.00 135305040 81.44
98 8160 0.00 135302940 81.44
99 600 0.00 135294780 81.43
100 & CUT
OFF PRICE
135294180 81.43 135294180 81.43
TOTAL 166147140 100.00

The Basis of Allocation was finalized in consultation with Bombay Stock Exchange Limited ('BSE") on 29th December, 2006.

The Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs.100/- per equity share, was finalized on a proportionate basis in consultation with BSE. The category was over subscribed 1.02 times. The total number of shares allotted in this category is 422200 equity shares to 13 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to
total
No. of Shares
Applied
% to
total
No. of Shares
Allotted
Ratio Total No. of
Shares Allotted
60 1 7.69 60 0.01 60 FIRM 60
660 1 7.69 660 0.15 644 FIRM 844
1020 1 7.69 1020 0.24 995 FIRM 995
1380 1 7.69 1380 0.32 1347 FIRM 1347
1500 1 7.69 1500 0.35 1464 FIRM 1484
1920 1 7.69 1920 0.44 1874 FIRM 1874
18000 1 7.69 18000 4.16 17567 FIRM 17567
22020 1 7.69 22020 5.09 21490 FIRM 21490
48000 2 15.38 96000 22.19 46846 FIRM 93692
50040 1 7.69 50040 11.57 48837 FIRM 48837
120000 2 15.38 240000 55.48 117115 FIRM 234230

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.100/-per equity share, was finalized on a proportionate basis in consultation with BSE. The category was over subscribed 15.54 times. The total number of shares allotted in this category is 2488768 equity shares to 40575 successfull applicants (7046 shares have been allotted over and above the percentage of Issue size available for allocation to this category for rounding off). The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to
total
No. of Shares
Applied
% to
Total
No. of Shares
Allotted
Ratio Total No. of
Shares Allotted
60 6562 9.90 393720 1.02 60 2:31 25380
120 5431 8.20 651720 1.69 60 4:39 42000
180 3277 4.94 589860 1.53 60 6:31 38040
240 2719 4.10 652560 1.69 60 9:35 41940
300 2561 3.86 768300 1.99 60 9:28 49380
360 1302 1.96 468720 122 60 12:31 30240
420 1100 1.66 462000 1.20 60 9:20 29100
480 13110 19.78 6292800 16.32 60 16:31 405960
540 550 0.83 297000 0.77 80 18:31 19140
600 695 1.05 417000 1.08 60 9:14 26820
660 191 0.29 126060 0.33 80 12:17 8100
720 246 0.37 177120 0.46 80 17:22 11400
780 157 0.24 122460 0.32 60 5:6 7860
840 255 0.38 214200 0.56 60 9:10 13800
900 979 1.48 881100 2.28 60 28:29 56700
960 27134 40.95 26048640 67.55 62 FIRM 1682308

C. Allocation to Non institutional Investors(After Technical Rejections)
The Allocation to the Non institutional Investors, who have bid at the Issue Price of Rs.100/- per equity share, was finalized on a proportionate basis in consultation with BSE. The category was subscribed 28.09 times. The total number of shares allotted in this category is 1064013 Equity Shares to 161 successful applicants (418 shares have been allotted over and above the percentage of issue size available for allocation to this category for rounding off). The category-wise detalls of the Basis of Allocation(Sample) are as under.

Category No. of
Applications
% to
total
No. of Shares
Applied
% to
total
No. of Shares
Allotted
Ratio Total No.of
Shares Allotted
1020 9 5.59 9180 0.03 60 FIRM 540
1080 1 0.62 1080 0.00 60 FIRM 60
1200 9 5.59 10800 0.04 60 FIRM 540
1500 3 1.86 4500 0.02 60 FIRM 180
1560 1 0.62 1560 0.01 60 FIRM 60
1920 2 1.24 3840 0.01 68 FIRM 136
2040 1 0.62 2040 0.01 73 FIRM 73
2100 1 0.62 2100 0.01 75 FIRM 75
3000 2 1.24 6000 0.02 107 FIRM 214
3600 2 1.24 7200 0.02 128 FIRM 256
3960 1 0.62 3960 0.01 141 FIRM 141

D. Allocation to QIBs

Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (177266) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (3368052) on proportionate basis.

Category Fls/ Banks MFs FIIs Total
No.of Shares 2529948 672835 342535 3545318

The Board of Directors of the company at it's Meeting held on 30th December, 2006 has approved the basis of allocation of shares of the Issue and has allotted the share to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and 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 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 National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

This details of the allocation made would be hosted on the website of Registrars to the issue, Cameo Corporate Services Limited at www.cameoindia.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 below.

REGISTRAR TO THE ISSUE
CAMEO CORPORATE SERVICES LIMITED
Unit: Pyramid Saimira Theatre Limited,
Subramanian Building, No.1, Club House Road, Chennai-600002.
Fax: 044-28460129, Email: investor@cameoindia.com

BOOK RUNNING LEAD MANAGER TO THE ISSUE CO-BOOK RUNNING LEAD MANAGER TO THE ISSUE
KEYNOTE CORPORATE SERVICES LIMITED
307, Regent Chambers, Nariman Point, Mumbai -400021
Tel.: +9122 2202 5230; Fax: +9122 2283 5467
Websfte: www.keynoteindia.net;
E-mail: pstl.ipo@keynoteindia.net
CANARA BANK
Circle Office, 563/1, Anna Salai, Teynampet,0
Chennai-600 018
Tel.: +91 44 2434 9369; Fax: +91 44 2432 6229
Email: pstl-ipo@canbank.co.in
Place : Chennai
Date : 04-01-2007

For Pyramid Saimira Theatre Limited
Sd/-
R.Manthramurthy
Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTUS OF PYRAMID SAIMIRA THEATRE LIMITED

Pyramid Saimira IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Pyramid Saimira IPO?

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

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

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

  3. 3. What is Pyramid Saimira IPO allotment process?

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