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Simplex Projects IPO Details

Issue Open Jul 10, 2007
Issue Close Jul 13, 2007
IPO Price ₹185
Face Value ₹10
IPO Size ₹55.50 Cr
Listing At BSE, NSE
IPO Lot Size 30

SIMPLEX PROJECTS LIMITED

(Incorporated as Simplex Projects Limited on 31st October 1990 under the Companies Act, 1956, with
Its registered office at 12/1, Nellie Sengupta Saranl, Kolkata - 700 087.)
Registered/Corporate Office: 12/1, Nellie Sengupta Saranl, Kolkata - 700087.
Tel.: +91-33-32923330; Fax: +91-33-22528013;
Website: www.simplexprojects.com; E-mail: ipo@simplexprojects.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF Rs. 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS. 185/- PER EQUITY SHARE, AGGREGATING RS.5550 LAKHS. THE ISSUE SHALL CONSTITUTE 25% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY.

ISSUE PRICE: RS. 185/- PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.

THE ISSUE PRICE IS 18.5 TIMES OF THE FACE VALUE


The Issue was being made through the 100% Book Building Process wherein not more than 50% ot the Issue to the Public shall be allocated on a proportionate basis to Qualified Institutional Bidders ("QIBs"), (including 5% of the QIB portion that would be specially reserved tor Mutual Funds.) Further not less than 15% ot the Issue shall be available for allocation on a proportionate basis to Non-Institutional bidders and not less than 35% of the issue shall be available for allocation on proportionate basis to retail individual bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 180671 applications for 251872470 equity shares resulting in 83.96 times subscription. The details of the applications received In the issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual bidders are as under (Before technical rejections):

Category No. of
Applications
No. of Shares Subscription
(No.of Times)
Retail Bidders 180055 49850940 47.48
Non Institutional Bidders 453 66492420 147.76
Qualified Institutional Bidders 163 135529110 90.35
TOTAL 180671 251872470 83.95

Final Demand
The final demand at different bid prices is as under:

PRICE NO.OF BIDS % TO
TOTAL
CUMULATIVE
TOTAL
CUMLATIVE
% TO TOTAL
170 1077210 0.42 259493280 100.00
171 1080 0.00 258416070 99.58
172 2070 0.00 258414990 99.58
173 300 0.00 258412920 99.58
174 480 0.00 258412620 99.58
175 1317870 0.51 258412140 99.58
176 1560 0.00 257094270 99.08
177 59460 0.02 257092710 99.07
178 60690 0.02 257033250 99.05
179 570 0.00 256972560 99.03
180 415440 0.16 256971990 99.03
181 450 0.00 256556550 98.87
182 1320 0.00 256556100 98.87
183 1830 0.00 256554780 98.87
184 1050 0.00 256552950 98.87
185 & CUT OFF 256551900 98.87 256551900 98.87
TOTAL 259493280 100.00

The Basis of Allocation was finalized In consultation with The Bombay Stock Exchange Limited ("BSE") on July 26, 2007.

A. Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue Price of Rs.185/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 46.87 times. The total number of shares allotted in this category is 1050000 Equity Shares. The category-wise details of the Basis ot Allocation are as under:

Category No.of Applns % to Total Total No. of Shares Applied % to Total No .of Shares Allocated Ratio Total No. of Shares Allocated
30 23933 13.52 717990 1.46 30 3:140 15390
60 17231 9.74 1033860 2.10 30 9:211 22050
90 12315 6.96 1108350 2.25 30 3:47 23580
120 10874 6.15 1304880 2.65 30 7:82 27840
150 7954 4.49 1193100 2.42 30 8:75 25440
180 4842 2.74 871560 1.77 30 5:39 18600
210 3865 2.18 811650 1.65 30 10:67 17310
240 4365 2.47 1047600 2.13 30 7:41 22350
270 25317 14.31 6835590 13.89 30 24:125 145830
300 3524 1.99 1057200 2.15 30 16:75 22560
330 688 0.39 227040 0.46 30 11:47 4830
360 806 0.46 290160 0.59 30 23:90 6180
390 830 0.47 323700 0.66 30 23:83 6900
420 539 0.30 226380 0.46 30 23:77 4830
450 766 0.43 344700 0.70 30 8:25 7350
480 665 0.38 319200 0.65 30 14:41 6810
510 1882 1.06 959820 1.95 30 4:11 20520
540 56560 31.96 30542400 62.06 30 5:13 651630
Total 176956 100.00 49215180 100.00 1050000

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional investors, who have bid at the Issue Price of Rs 185/- per Equity Share, was finalized in consultation.with BSE. The category was subscribed 146.89 times. The total number of shares allotted In this category is 450397 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

Category No.Of Applns % to Total Total No.of
Shares Applied
% to total No .ol Shares
Allocated
Ratio Total No. of
Shares Allocated
570 18 4.46 10260 0 02 30 1:09. 60
600 28 6.93 16800 0.03 30 1:07 120
630 1 0.25 630 0.00 30 FIRM 30
660 1 0.25 660 0.00 30 FIRM 30
690 4 0.99 2760 0.00 30 1:0 30
720 2 0.50 1440 0.00 30 1:02 30
750 7 1.73 5250 0.01 30 1:07 30
780 1 0,25 780 0.00 30 FIRM 30
810 6 1.49 4860 0.01 30 1:06 30
840 1 0.25 840 0.00 30 FIRM 30
900 2 0.50 1800 0.00 30 1:02 30
930 1 0.25 930 0.00 30 FIRM 30
990 5 1.24 4950 0.01 30 1:05 30
1020 3 0.74 3060 0.00 30 1:03 30
1050 1 0.25 1050 0.00 30 FIRM 30
1080 10 2.48 10800 0.02 30 1:05 60
1110 1 0.25 1110 0.00 30 FIRM 30
1140 1 0.25 1140 0.00 30 FIRM 30
1200 2 0.50 2400 0.00 30 1:02 30
1350 2 0.50 2700 0.00 30 1:02 30
1500 1 0.25 1500 0.00 30 FIRM 30
1620 2 0.50 3240 0.00 30 1:02 30
1710 1 0.25 1710 0.00 30 FIRM 30
1800 1 0.25 1800 0.00 30 FIRM 30
1980 3 0.74 5940 0.01 30 1:03 30
2040 1 0.25 2040 0.00 30 FIRM 30
2100 1 0.25 2100 0.00 30 FIRM 30
2160 1 0.25 2160 0.00 30 FIRM 30
2310 1 0.25 2310 0.00 30 FIRM 30
2400 9 2.23 21600 0.03 30 5:09 150
2490 1 0.25 2490 0.00 30 FIRM 30
2580 1 0.25 2580 0.00 30 FIRM 30
2700 18 4.46 48600 0.07 30 11:18 330
2730 1 0.25 2730 0.00 30 FIRM 30
3000 5 1.24 15000 0.02 30 3:05 90
3060 1 0.25 3060 0.00 30 FIRM 30

3090 onwards firm allotment

C. Allocation to Qualified Institutional Buyers
Allocation to QIBs have been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (75000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (1425000) on proportionate basis. Mutual Funds were allotted 16 09% for QIB segment and other QIB applicants were allotted 83.91% of the shares for QIB SBoment.

Category FIs/Banks MFs FIIs Insurance Companies VCs Total
No.of Shares 441142 241340 657992 135247 24279 1500000

The Board of Directors at its Meeting held at Kolkata on July 26,2007 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The Refund Orders and allotment advice and notice has been 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 National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Cameo Corporate Services Limited at www.cameoindia.com
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:

CAMEO CORPORATE SERVICES LIMITED
UNIT: SIMPLEX IPO, Subramanian Building', No. 1, Club House Road, Chennai 600 002, India
Tel: -1-91 44 2846 0390 / 0014, Fax: +91 44 2846 0129
Email: investor@cameoindia.com, Website: www.cameoindia.com

Place : Kolkata
Date : July 30,2007

For Simplex Projects Limited
Sd/-
Balkrishandas Mundhra
Chairman and Managing Director

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 SIMPLEX PROJECTS LIMTIED.

Simplex Projects IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Simplex Projects IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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

Visit the Simplex Projects IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Simplex Projects IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).