Shree Ganesh IPO Details

Issue Open Mar 19, 2010
Issue Close Mar 23, 2010
IPO Price ₹260
Face Value ₹10
IPO Size ₹371.02 Cr
Listing At BSE, NSE
IPO Lot Size 25

SHREE GANESH JEWELLERY HOUSE LIMITED

Our Company was originally incorporated in Kolkata as ShreeGanash Jewellery House Private Limited on August 30,2002. The status of our Company was changed to a public limited company and our name was changed to 'ShreeGanesh Jewellery House Limited' pursuant to a fresh certificate of incorporation issued by the ROC,West Bengal on August 14,2007. For details of incorporation and changes of name, please refer to the section titled 'History and Certain Corporate Matters' beginning on page 102 of this Red Herring Prospectus.

Registered Office: 413, Vardaan Market, 25A, Camac Street, Kolkata- 700 016; Tel No: + 91 33 2280 0345;
Fax No: + 91 33 2283 5075
Website: www.sgjhl.com; E-mail: investors@sgjhl.com
Corporate Office: Avani Signature, 4th Floor, Suite No. 402,91 A/1 Park Street, Kolkata-700016;
Tel:+91 33 3025 9382; Fax: +91 33 4007 1623;
Contact Person: Mr. Mukund Chandak, Company Secretary and Compliance Officer
Promoters of our Company: Mr Nilesh Parekh and Mr. Umesh Parekh

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,42,69,831 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 260 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 250 PER EQUITY SHAHE), AGGREGATING TO RS. 37,101,56 LACS (HEREINAFTER REFERRED TO AS 'THE IS5UE'). CONSISTING OF A FRESH ISSUE OF 1,21,36,497 EQUITY SHARES BY SHREE GANESH JEWELLERY HOUSE LIMITED ('OUR COMPANY' OR 'THE ISSUER') AND AN OFFER FOR SALE OF 21,33,334 EQUITY SHARES BY CREDIT SUISSE PE ASIA INVESTMENTS (MAURITIUS) LIMITED ('THE SELLING SHAREHOLDER'). THE ISSUE WILL CONSTITUTE 23.52% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE FRESH ISSUE WILL CONSTITUTE 20.00% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF OUR COMPANY.

BID/ISSUE OPENED ON MARCH 19,2010, CLOSED ON MARCH 23,2010

The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading is expected to commence on or about April 09,2010

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.260/-AND IT IS 26 TIMES THE FACE VALUE. THE ANCHOR INVESTOR ISSUE PRICE IS RS. 260/- PER EQUITY SHARE.

In accordance with Rule19(2)(b) of the Securities Contract (Regulation) Rules, 1957 ('SCRR'),this being an Issue for less than 25% of the post-Issue paid up capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the 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. Our Company may allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor Price on a discretionary basis, out of which at least one-third will be available for allocation to Mutual Funds only. In the event of undersubscription in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. 5% of the Net QIB Portion shall be available for allocation to Mutual Funds on a proportionate basis. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid bids being received from them at or above the Issue Price. It at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the 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.

The Company has allocated 24,99,975 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.260 in accordance with the SEBI Regulation. The Issue received 24,388 applications for 2,14,86,275 equity shares resulting in 1.51 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non- Institutional, Retail Individual Investor and Anchor Investors are as under: (Before technical rejections)

Category No.of Applications No. of Shares No. of times Subscription
Qualified Institutional Buyers 14 8376825 1.3819
Non Institutional Investors 83 5574775 3.9067
Retail Individual Investors 24288 5034700 1.1761
Anchor Investors 3 2499975 1.0000

Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
260 2279950 9.5532 23865725 100.0000
261 450 0.0019 21585775 90.4468
262 225 0.0009 21585325 90.4449
263 325 0.0014 21585100 90.4439
264 25 0.0001 21584775 90.4426
265 9175 0.0384 21584750 90.4425
266 1950 0.0082 21575575 90.3959
267 525 0.0022 21573625 90.3957
268 375 0.0016 21573100 90.3937
269 25 0.0001 21572725 90.3921
270 16097975 67.4523 21572700 90.3920
CUTOFF 5474725 22.9397 5474725 22.9397
TOTAL 23865725 100.0000

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on April 1,2010

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail individual Investors, who have bid at out off and the Issue Price of Rs.260/- per Equity Share, was finalized in consultation with BSE. The category was Over subscribed 1.16 times. The total number of shares allotted in this category is 42,80,949 Equity Shares to 23,200 successful applicants. The category-wise details ol the Basis of Allocation are under;

Category No. of
Applns.
% to total Total No. of
Shares applied
% to total No. of Shares Ratio Total No. of
Shares allocated
25 5680 23.68 142000 2.86 25 25:29 122425
50 1996 8.32 99800 2.01 43 1:1 85828
75 841 3.51 63075 1.27 65 1:1 54665
100 1427 5.95 142700 2.87 86 1:1 122722
125 410 1.71 51250 1.03 108 1:1 44280
150 362 1.51 54300 1.09 129 1:1 46698
175 567 2.36 99225 2 151 1:1 85617
200 532 2.22 106400 2.14 172 1:1 91504
225 115 0.48 25875 0.52 194 1:1 22310
250 199 0.83 49750 1 215 1:1 42785
275 68 0.28 18700 0.38 237 1:1 16116
300 174 0.73 52200 1.05 258 1:1 44892
325 73 0.3 23725 0.48 280 1:1 20440
350 11509 47.99 4028150 81.08 301 1:1 3464209
1 10:17 6768
375 30 0.13 11250 0.23 323 1:1 9690

C.  Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 260/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 3.61 times. The total number of shares allotted in this category is 14,26,983 Equity Shares to 74 successful applicants. The category-wise details of the Basis of Allocation are (Sample) under:

Category No.of
shares
% to
total
Total No. of
Shares applied
% to
total
No. of Shares
allocated
Ratio Total No. of
Shares allocated
375 1 1.35 375 0.01 104 1:1 104
750 3 4.05 2250 0.04 208 1:1 624
900 1 1.35 900 0.02 250 1:1 250
1000 3 4.05 3000 0.06 277 1:1 831
1475 2 2.70 2950 0.06 409 1:1 818
7400 1 1.35 7400 0.14 2052 1:1 2052
20000 1 1.35 20000 0.39 5545 1:1 5545
29000 1 1.35 29000 0.56 8041 1:1 8041
55550 1 1.35 55550 1.08 15403 1:1 15403
57700 2 2.70 115400 2.24 15999 1:1 31998
66600 1 1.35 66600 1.29 18466 1:1 18466
74075 1 1.35 74075 1.44 20539 1:1 20539
185000 2 2.70 370000 7.19 51296 1:1 102592
185175 3 4.05 555525 10.79 51344 1:1 154032
1111100 1 1.35 1111100 21.59 308074 1:1 308074

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, No Mutual Funds applications were received in the issue, so the entire portion of QIB Reservation of 60,61,924 Shares was allotted to other QIBs on proportionate basis.

Flls Fls/Banks MFs INC/VCs TOTAL
47,37,981 13,23,943 - - 60,61,924

E. Allocation to Anchor Investors
Allocation to Anchor Investors has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, 30% of QIB Reservation (24,99,975 Equity Shares) was allotted to Anchor Investors (24,99,975 Equity Shares).

Flls Fls/Banks MFs VCs TOTAL
13,46,150 11,53,825 - 24,99,975

The Board of Directors of the company at its Meeting held at Kolkata on April 03,2010 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and notices will be 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 beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated March 30,2010 ('Prospectus')

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in

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

Link Intime India Private Limited
C - 13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai -400 078
Email: sgjhl.ipo@linkintime.co.in

Place: Mumbai
Date : April 03,2010
For SHREE GANESH JEWELLERY HOUSE LIMITED
Sd/-
Mukund Chandak, Company Secretary & Compliance officer

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 SHREE GANESH JEWELLERY HOUSE LIMITED

Shree Ganesh IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Shree Ganesh IPO?

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

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

    Visit the Shree Ganesh IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Shree Ganesh IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Shree Ganesh 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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