Issue Open | Aug 11, 2008 |
Issue Close | Aug 13, 2008 |
IPO Price | ₹270 |
Face Value | ₹10 |
IPO Size | ₹120.15 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 20 |
RESURGERE MINES
& MINERALS INDIA LIMITED
(We were originally incorporated as "Exfin Shipping (India) Private Limited'' on March 24, 1987 under the Companies Act, 1956. For details of change in our Company's name and registered office, see the section "History and Certain Corporate Matters" beginning on page 93 of Prospectus.) Registered Office: 156, Maker Chambers - III, Nariman Point,
Mumbai - 400 021, Maharashtra, India. BASIS OF ALLOTMENT PUBLIC ISSUE OF 4,450,000 EQUITY SHARES OF RS. 10/- EACH OF RESURGERE MINES &
MINERALS INDIA LIMITED ("RESURGERE" OR 'THE ISSUER" OR "OUR
COMPANY") AT A PRICE OF RS. 270/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.
260/- PER EQUITY SHARE) FOR CASH AGGREGATING RS. 1201.50 MILLION (HEREINAFTER REFERRED TO
AS "THIS ISSUE"). THIS ISSUE COMPRISES OF RESERVATION OF 250,000 EQUITY SHARES
AGGREGATING RS. 67.50 MILLION FOR ELIGIBLE EMPLOYEES ON A COMPETITIVE BASIS AND THE
"NET ISSUE" TO THE PUBLIC OF 4,200,000 EQUITY SHARES AGGREGATING RS. 1134.00
MILLIONS. THE NET ISSUE WOULD CONSTITUTE 14.72% OF THE POST ISSUE PAID-UP CAPITAL OF OUR
COMPANY. The Issue was made through 100% Book Building Process wherein atleast 60% 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, not less than 10% of the Issue was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue was made available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. Further upto 2,50,000 equity shares was made available for allocation on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price. The Issue received 4176 applications for 5057080 equity shares resulting in 1.1364 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 National Stock Exchange of India Limited on 26th August, 2008. 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
The Board of Directors of the company at it's Meeting held at Mumbai on August 26,2008
has approved the basis of allocation of shares of the Issue and has allotted the shares to
various successful applicants. INVESTORS PLEASE NOTE 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: INTIME SPECTRUM REGISTRY 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 RESURGERE MINES & MINERALS INDIA LIMITED. |
The Resurgere Mines & Minerals IPO basis of allotment (published above) tells you how shares are allocated to you in Resurgere Mines & Minerals IPO and category wise demand of IPO share.
Visit the Resurgere Mines & Minerals IPO allotment status page to check the number of shares allocated to your application.
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