Roman Tarmat
Limited
(Our Company was Incorporated as Jerry Varghese Constructions
Private Limited on 3rd January, 1986. The name of our Company was changed to Tarmat
infrastructural & Engineering PrivateLimited with effect from 12th September 1994. The
name of our Company was further changed to Roman Tarmat Private Limited with effect from
17th October 2005 and was converted into a Publc Limited Company on 2nd December
2005)
Registered Office: Tank Road, Off. Gen Vaidya Marg, Goregaon (East),
Mumbai-400 063, India
Tel.: +91-22-28402130/1180 Fax.:+91 -22-2840 0322
Website: www.romantarmat.com
Corporate office: Tarmat chambers,Sector-24,Plot No.19,Sanpada, Navi Mumbai-400 705,
India.
Tel:91-22-27831334/1328,Fax: 91-22-2783 3872
Emal:ipo@romantarmat.com
Contact Person: Mr. Neeraj Rai Company Secretary & Compliance Officer
BASIS OF ALLOCATION
PUBLIC ISSUE OF 29,00,000 EQUITY SHARES OF RS10/-EACH AT ISSUE PRICE OF RS175 PER
EQUITY SHARE INCLUDING SHARE PREMIUM OF RS. 165 PER EQUITY SHARE), AGGREGATING RS 5075
LAKHS (THE 'ISSUE'). THE ISSUE CONSISTS OF RESERVATION OF 1,00,000 EQUITY SHARES
OF RS.10 EACH AT ISSUE PRICE OF RS. 175 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS.
165 PER EQUITY SHARE) AGGREGATING RS. 175 LAKHS FOR ELIGIBLE EMPLOYEES (THE 'EMPLOYEE
RESERVATION PORTION'), AND NET ISSUE OF 28,00,000 EQUITY SHARES OF RS.10/ EACH AT
ISSUE PRICE OF RS. 175. THE ISSUE WOULD CONSTITUTE 26.46 % OF FULLY DILUTED POST ISSUE
PAID-UP CAPITAL OF THE COMPANY.
This Issue was made through a 100% Book Building Process wherein not more than 50%
of the Net Issue to Public shall be available for allocation on a proportionate basis to
Qualified Institutional Buyers ('QIBs'). 5% of the QIB Portion shall be available for
allocation on a proportionate basis to Mutual Funds only and the remainder shall be
available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to
valid bids being received from them at or above the Issue Price. Further, not less than
15% of the Net issue to Public shall be available for allocation on a proportionate basis
to Non Institutional Bidders and not less than 35% of the Net Issue to Public shall 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 opened for subscription on Tuesday, June 12, 2007 and closed on Tuesday,
June 19, 2007.The Issue received 65164 valid applications for 85905518 Equity Shares
resulting in 29.6226 times subscription. The details of the valid applications received in
the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investor
categories are as under:
Category |
No. of Applications |
No. of Share |
No of shares Allocated |
Qualified Institutional Buyers |
57 |
40481158 |
1412840 |
Non Institutional Investors |
137 |
24891960 |
424547 |
Retail Investors |
64,958 |
20458080 |
989800 |
Employee |
12 |
74320 |
74320 |
TOTAL |
65164 |
85905518 |
2901507 |
* 1507 excess equity shares have been allotted in Retail and Non Institutional
category due to rounding off.
Final Demand
A sample of the final demand at different bid prices is as under:
Bid Price |
No.of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
150.00 |
133840 |
0.16 |
133840 |
0.16 |
151.00 |
40 |
0.00 |
133880 |
0.16 |
152.00 |
160 |
0.00 |
134040 |
0.16 |
153.00 |
3400 |
0.00 |
137440 |
0.16 |
155.00 |
1000 |
0.00 |
138440 |
0.16 |
156.00 |
760 |
0.00 |
139200 |
0.16 |
158.00 |
0 |
0.00 |
139200 |
0.16 |
159.00 |
0 |
0.00 |
139200 |
0.16 |
160.00 |
231480 |
0.27 |
370680 |
0.43 |
161.00 |
40 |
0.00 |
370720 |
0.43 |
162.00 |
120 |
0.00 |
370840 |
0.43 |
163.00 |
23400 |
0.03 |
394240 |
0.46 |
165.00 |
49160 |
0.06 |
443400 |
0.52 |
166.00 |
240 |
0.00 |
443640 |
0.52 |
167.00 |
160 |
0.00 |
443800 |
0.52 |
168.00 |
520 |
0.00 |
444320 |
0.52 |
169.00 |
40 |
0.00 |
444360 |
0.52 |
170.00 |
2760 |
0.00 |
447120 |
0.52 |
172.00 |
40 |
0.00 |
447160 |
0.52 |
174.00 |
160 |
0.00 |
447320 |
0.52 |
175.00 |
65187560 |
75.78 |
65634880 |
76.30 |
9999.00 |
20384560 |
23.70 |
86019440 |
100.00 |
Total |
86019440 |
100.00 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange - National Stock Exchange of India on June 29, 2007.
A. Allocation to Retail Investors
The category was over subscribed by 20.6859 times. The total number of shares
allocated in this category is 989,800 Equity Shares (Including 8,988 Shares spill over
from Employee Category and 812 shares excess allotted due to rounding off). The
category-wise details of the Basis of Allocation are as under.
Category |
No. Applications. |
% to total |
Total No.of Shares applied |
% to total |
No. of shares allocated |
Ratio |
Total No. of Shares allocated |
40 |
10607 |
16.33 |
424280 |
2.07 |
20511 |
3:62 |
20520 |
80 |
5927 |
9.12 |
474160 |
2.32 |
22922 |
3:31 |
22960 |
120 |
4464 |
6.87 |
535680 |
2.62 |
25896 |
9:62 |
25920 |
160 |
2517 |
3.87 |
402720 |
1.97 |
19468 |
6:31 |
19480 |
200 |
2343 |
3.61 |
468600 |
2.29 |
22653 |
15:62 |
22680 |
240 |
1137 |
1.75 |
272880 |
1.33 |
13192 |
9:31 |
13200 |
280 |
10876 |
16.74 |
3045280 |
14.89 |
147215 |
22:65 |
147240 |
320 |
704 |
1.08 |
225280 |
1.10 |
10891 |
19:49 |
10920 |
360 |
265 |
0.41 |
95400 |
0.47 |
4612 |
7:16 |
4640 |
400 |
390 |
0.60 |
156000 |
0.76 |
7541 |
19:39 |
7600 |
440 |
168 |
0.26 |
73920 |
0.36 |
3573 |
15:28 |
3600 |
480 |
200 |
0.31 |
96000 |
0.47 |
4641 |
31:53 |
4680 |
520 |
343 |
0.53 |
178360 |
0.87 |
8622 |
17:27 |
8640 |
560 |
25017 |
38.51 |
14009520 |
66.46 |
677251 |
21:31 |
677720 |
Total |
64958 |
100.00 |
20458080 |
100.00 |
988988 |
|
989800 |
B. Allocation to Non Institutional investors
The category was over subscribed by 58.7279 tones. The total number of shares allocated
in this category is 424,547 Equity Shares {Including 3,852 Shares spill over from Employee
Category and 695 shares excess allotted due to rounding off),. The details of basis of
allocation of some of the categories are as under: (Sample).
Category |
No. Applications. |
% to total |
Total No.of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
600 |
6008 |
5.84 |
4800 |
0.02 |
82 |
1:1 |
320 |
1120 |
1 |
0.73 |
1120 |
0.00 |
19 |
1:1 |
40 |
2200 |
1 |
0.73 |
2200 |
0.01 |
37 |
1:1 |
40 |
5600 |
1 |
0.73 |
5600 |
0.02 |
95 |
1:1 |
95 |
7600 |
1 |
0.73 |
7600 |
0.03 |
129 |
1:1 |
129 |
12000 |
2 |
1.46 |
24000 |
0.10 |
409 |
1:1 |
408 |
28520 |
1 |
0.73 |
28520 |
0.11 |
486 |
1:1 |
486 |
34280 |
1 |
0.73 |
34280 |
0.14 |
584 |
1:1 |
584 |
50000 |
4 |
2.92 |
200000 |
0.80 |
3406 |
1:1 |
3404 |
57160 |
1 |
0.73 |
57160 |
0.23 |
973 |
1:1 |
973 |
85800 |
1 |
0.73 |
85800 |
0.34 |
1461 |
1:1 |
1461 |
110000 |
2 |
1.46 |
220000 |
0.88 |
3746 |
1:1 |
3746 |
142800 |
1 |
0.73 |
142800 |
0.57 |
2432 |
1:1 |
2432 |
257160 |
1 |
0.73 |
257160 |
1.03 |
4379 |
1:1 |
4379 |
342880 |
1 |
0.73 |
342880 |
1.38 |
5838 |
1:1 |
5838 |
420000 |
1 |
0.73 |
420000 |
1.69 |
7152 |
1:1 |
7152 |
600000 |
1 |
0.73 |
600000 |
2.41 |
10217 |
1:1 |
10217 |
601480 |
1 |
0.73 |
601480 |
2.42 |
10242 |
1:1 |
10242 |
720000 |
1 |
0.73 |
720000 |
2.89 |
12260 |
1:1 |
12260 |
1142840 |
1 |
0.73 |
1142840 |
4.59 |
19460 |
1:1 |
19460 |
1714280 |
1 |
0.73 |
1714280 |
6.89 |
29190 |
1:1 |
29190 |
2500000 |
1 |
0.73 |
2500000 |
10.04 |
42569 |
1:1 |
42569 |
C) Allocation to Employees
The category was subscribed 1.00 times. The total number of shares allocated in this
category is 70642 Equity Shares. The un-subscribed portion of 25,680 Shares was added to
the QIB (12,840 Shares), HNI (3,852 Shares) and Retail category (8,988 Shares) In the
ratio of 50:15:35. The details of basis of allocation of some of the categories are as
under (Sample)
Category |
No. Applications. |
% to total |
Total No.of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Shares allocated |
160 |
1 |
8.33 |
160 |
0.22 |
160 |
1:1 |
160 |
200 |
1 |
8.33 |
200 |
0.27 |
200 |
1:1 |
200 |
400 |
1 |
8.33 |
400 |
0.54 |
400 |
1:1 |
400 |
1000 |
1 |
8:33 |
1000 |
1.35 |
1000 |
1:1 |
1000 |
2040 |
1 |
8.33 |
2040 |
2.74 |
2040 |
1:1 |
2040 |
3240 |
1 |
8.33 |
3240 |
4.36 |
3240 |
1:1 |
3240 |
5680 |
1 |
8.33 |
5680 |
7.64 |
5680 |
1:1 |
5680 |
8560 |
2 |
16.67 |
17120 |
23.04 |
17120 |
1:1 |
17120 |
10400 |
1 |
8.33 |
10400 |
13.99 |
10400 |
1:1 |
10400 |
16960 |
1 |
8.33 |
16960 |
22.82 |
16960 |
1:1 |
16960 |
17120 |
1 |
8.33 |
17120 |
23.04 |
17120 |
1:1 |
17120 |
D) Allocation to QIBs
The total number of equity shares In the category are 14,12,840 Equity Shares (50 % of
total equity shares allotted 14,00,000 and Including 12,840 Shares spill over from
Employee Category). Out of 14,12,840 Equity shares offered to QiB's, 70642 equity shares
(5 % of 14,12,840 equity shares) has been allocated proportionately to mutual funds.
Mutual funds applicants have also been considered eligible for proportionate allotment for
the balance equity shares in QIB category i.e. 13, 42,198 equity shares. The category was
over subscribed by 28.6523 times. The details of basis of allocation of some of the
categories are as under (Sample)
Category |
Fls/Banks |
MFs |
Flls |
VCs |
Total |
No.of Shares |
257796 |
141082 |
999981 |
13981 |
1412840 |
The Committee of Directors for IPO of the Company at its Meeting held at Mumbai on July
3,2007 has approved the basis of allocation of shares and allocated.
The physical refund warrant information regarding refunds through electronic modes (ECS,
RTGS, NEFT or Direct credit) and allotment advice have been dispatched to the address of
the investors as registered with the depository on July 3,2007. In case the same is not
received within ten (10) days, investors may contact the Registrar to the Issue at the
address given below.
The equity shares allotted to successful applicants have been credited to their
beneficiary accounts subject to validation of the account details with the depositories
concerned on July 3, 2007.
The listing application has been filed with National Stock Exchange of india Limited on
July 4, 2007 and The Bombay Stock Exchange Limited on July 5,2007 and the Company is
taking steps to complete all formalities for listing and commencement of trading of equity
shares on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited
within Seven working days of finalization of Basis of Allotment.
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of the Registrar to the
Issue, Bigshare Services Private Limited at www.bigshareonllne.com
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:
Bigshare Services Private Limited
E/2 Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri East, Mumbai-
400072;
Fax: +91-22-2847 5207; Tel. No.: (91 22) 4043 0200 [30
Lines]
Email:ipo@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: MrAshok Shetty
This communication is intended for release solely in India. This communication is not
an offer of securities for sale in any other jurisdiction, including the United States.
The securities may not be offered or sold in the United States absent registration or an
exemption from registration under the US Securities Act of 1933.
Place: Mumbai
Date: July 6,2007 |
For Roman Tarmat Limited
Sd/-
Neeraj Rai
Company Secretary |
THE LEVELOF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ROMAN TARMAT
LIMITED |