Issue Open | Jul 26, 2007 |
Issue Close | Jul 31, 2007 |
IPO Price | ₹90 |
Face Value | ₹10 |
IPO Size | ₹37.25 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 75 |
AS SALUJA GROUP (We were incorporated as Saluja Exim Limited on May 8,2000 under the
Companies Act, 1956 and obtained certificate of commencement of business on June 2, 2000.
The name of our Company was changed to SEL Manufacturing Company Limited by a special
resolution of the members passed at an extraordinary general meeting held on June 27,
2003. The name of our Company was again changed to Saluja Exim Limited by a special
resolution of the members passed at an extraordinary general meeting held on November 10,
2003. The name of our company was once again changed to SEL Manufacturing Company Limited
by a special resolution of the members passed at an extraordinary general meeting held on
January 31, 2004. The status of our Company was changed to a private limited company by a
special resolution of the members passed at an extraordinary general meeting held on March
15, 2004. The status of our Company was subsequently changed to a public limited company
by a special resolution of the members passed at an extraordinary general meeting held on
March 14,2006. Our registered office was shifted from Rahon Road, Opposite Octroi Post,
Ludhiana to 706, Industrial Area A, Ludhiana, w.e.f June 20, 2001 and again shifted from
706, Industrial Area A, Ludhiana to 274, G.T.Road, Dhandari Khurd, Ludhiana-141 010,
Punjab w.e.f. March 30, 2007) BASIS OF ALLOCATION PUBLIC ISSUE OF 41,38,410 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS 90 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 80 PER EQUITY SHARE, AGGREGATING RS. 3725 LACS (THE "ISSUE") BY SEL MANUFACTURING COMPANY LIMITED (THE "COMPANY OR "THE ISSUER"). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 39,31,490 SHARES OF RS. 90 EACH (THE "NET ISSUE") AND A RESERVATION OF UP TO 2,06,920 SHARES OF RS. 90 EACH FOR THE PERMANENT EMPLOYEES OF THE COMPANY (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE WOULD CONSTITUTE 27.20% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE NET ISSUE WILL CONSTITUTE 25.84% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY ISSUE PRICE: RS. 90 PER EQUITY SHARE OF FACE VALUE RS.10 EACH THE ISSUE PRICE IS 9 TIMES OF THE FACE VALUE This Issue is being made through a 100% Book Building Process wherein upto 50% of the
Net Issue shall be allotted 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. Further, at least 15% of the Net Issue shall be
available for allocation on a proportionate basis to Non Institutional Bidders and at
least 35% of the Net Issue 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. Further 2,06,920 Equity Shares shall be available for allocation on a proportionate
basis to Eligible Employees 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 Monday, August 13, 2007 A) Allocation to Retail investors: (After technical rejections)
B. Allocation to Non-lnstitutional investors: (Alter technical rejections)
C) Allocation to Employees:
D. Allocation to QIBs:
The IPO Committee of the Company at it's Meeting held in Ludhiana on Monday August 13, 2007 has approved the Basis of Allocation and has allotted the equity shares to the successful bidders/applicants: The CAN-cum-Refund Orders have been dispatched on, Wednesday, August 14, 2007 to the address of the investors as registered with the depositories. In case the same is not received within 10 (ten) days, Investors may contact at the address given below. The Refund Orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their respective beneficiary accounts subject to validation of the account details with the depositories concerned. SEL Manufacturing Company Limited is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange Limited within seven working days from the date of approval of the Basis of Allocation. INVESTORS MAY PLEASE NOTE INTIME SPECTRUM REGISTRY UNITED
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 SEL MANUFACTURING COMPANY LIMITED. |
The SEL IPO basis of allotment (published above) tells you how shares are allocated to you in SEL IPO and category wise demand of IPO share.
Visit the SEL IPO allotment status page to check the number of shares allocated to your application.
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