Roman Tarmat IPO Details

Issue Open Jun 12, 2007
Issue Close Jun 19, 2007
IPO Price ₹175
Face Value ₹10
IPO Size ₹50.75 Cr
Listing At BSE, NSE
IPO Lot Size 40

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

Roman Tarmat IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Roman Tarmat IPO?

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

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

    Visit the Roman Tarmat IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Roman Tarmat IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Roman Tarmat 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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