Issue Open | Feb 14, 2007 |
Issue Close | Feb 23, 2007 |
IPO Price | ₹257 |
Face Value | ₹10 |
IPO Size | ₹91.70 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 25 |
RAJ
TELEVISION NETWORK LIMITED
{Registration No. 18-27709) (incorporated on June 3.1994 under the
Companies Act, 1956 as a public limited company) Registered Office: 32,
Poes Road, Second Steet, Teyampet, chennai 600 018 (The registered office of the company
was shifted from12-B, Poes Road, Third Street, Tenyampet, Chennai 600 018 to the above
address w.e.f.September 5,1999.) BASIS OF ALLOCATION PUBLIC ISSUE OF 35,68,280 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 257/- FOR CASH, (INCLUDING PREMIUM OF Rs.247/- PER SHARE) AGGREGATING RS.9170.40 LAKHS. (HEREINAFTER REFERRED TO AS THE "ISSUE") CONSISTING OF A FRESH ISSUE OF 22,70,700 EQUITY SHARES BY RAJ TELEVISION NETWORK LIMITED (COMPANY OR "ISSUER") AND AN OFFER FOR SALE OF 12,97,550 EQUITY SHARES BY SELLING SHAREHOLDERS. THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 32,43,866 EQUITY SHARES OF Rs.10/- EACH (THE "NET ISSUE") AND A RESERVATION OF UP TO 3,24,384 EQUITY SHARESOF RS.10/-EACH, FOR THE ELIGIBLE EMPLOYEES OF THE COMPANY("EMPLOYEE RESERVATION PORTION") THE ISSUE CONSTITUTES 27.50% OF FULLY DILUTED POST-ISSUE PAID UP
CAPITAL OF THE COMPANY. In terms of Rule 19 (2)(b) of the Securities Contract Regulation
Rules, 1957 this being an Issue for less than 25% of the post-Issue capital, the Issue was
being made through the 100% Book Building Process wherein not more than 50% of the Net
Issue will be allocated on a proportionate basis to Qualified Institutional Buyers
("QIBs"), out of which 5% shall be available for allocation on a proportionate
basis to Mutual Funds only. The remainder shall be available for allocation on a
proportionate basis to QIBs and Mutual Funds, subject to valid bids b?ing received from
them at w above the Issiie Price. If at least 50% of the Net iss cannot be alllocated to
QIBs, allocated to QIBs, then the entire application money will be refunded forthwith.
Further, not less than 15% of the Net Issue will be available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue
will be available for allocation on a proportionate basis to Retail Individual Bidders,
subject to valid bids being received at or above the Issue Price.
Final Demand
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE")on March 7,2007.The Board of Directors of the company at its meeting held on 7th March,2007 approved the Basis of Allocation of equity shares and allotted the equity shares to successful applicants. A. Allocation to Employees B. Allocation to Retail Investors
C. Allocation to Non Institutional Investors
D. Allocation to Qualified Institutional Buyers
The Refund Orders and allotment advice and notice has 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 beneificiary
accounts subject to validation of the accounts details with the depositories concerned.
The company is taking steps to get the equity shares admitted for trading on National
Stock Exchange of India Limited and Bombay Stock Exchange Limited with in seven working
days from the date of approval of the basis of allocation. CAMEO CORPORATE SERVICES LIMTED
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 RAJ TELEVISION NETWORK LIMITED. |
The Raj Television IPO basis of allotment (published above) tells you how shares are allocated to you in Raj Television IPO and category wise demand of IPO share.
Visit the Raj Television IPO allotment status page to check the number of shares allocated to your application.
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