TAKE
SOLUTIONS LIMITED
(Originally incorporated under the Companies Act, 1966 on December
20,2000 as TAKE Solutions Private Limited and registered with the Registrar of Companies,
Tamil Nadu. Pursuant to a Scheme of Amalgamation, a company namely, Millennium Infocomm
Limited was merged with the Company w.e.f. January 1,2003 i.e. the Appointed Date; the
Scheme of Amalgamation came into effect on February 23,2004 i.e. the Effective Date and
the word 'Private' was deleted from the name of the Company by the Registrar of
Companies, Tamil Nadu on March 29,2004.)
Registered Office: # 76, Venkatakrishna Road, Raja Annamalaipurum,
Chennai 600028, India;
Tel: (+91 44) 2461 7358; Fax: (+91 44) 2461 73,
Corporate Office: # 80/81, MBC Towers, 6ft Floor, TTK Road, Alwarpet,
Chennai 600 018, India;
Tel: (+91 44) 6696 4200, 6696 5555,
Contact Person: Mr. Venkataraman Sundar-Vice President - Finance &
Company Secretary;
Tel: (+91 44) 6696 4200, 6696 5555
Email: ipo@takesolutions.com Website:
www.takesolutions.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 2,100,000 EQUITY SHARES OF RS. 10 EACH (EQUITY SHARES) OF TAKE
SOLUTIONS LIMITED ('TAKE' OR THE 'COMPANY' OR THE 'ISSUER')
FOR CASH AT A PRICE OF RS. 730 PER EQUITY SHARE AGGREGATING RS .1533 MILLION (THE
'ISSUE'). THE ISSUE COMPRISES OF A NET ISSUE TO THE PUBLIC OF 2,000,000 EQUITY
SHARES ('NET ISSUE') AND THE RESERVATION OF 100,000 EQUITY SHARES FOR
SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE 'EMPLOYEE RESERVATION PORTION') AT THE
ISSUE PRICE. THE ISSUE WILL CONSTITUTE 17.50% OFTHE FULLY DILUTED POST ISSUE PAID UP
EQUITY CAPITAL OF THE COMPANY. THE NET ISSUE CONSTITUTES 16.67% OF THE FULLY DILUTED POST
ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 730 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH. THE ISSUE
PRICE IS 73 TIMES OF THE FACE VALUE
In terms of Rule 19(2)(b) of the Securities Contracts (Regulations) Rules, 1957, the
Net Issue being less than 25%of the post issue capital, the Issue was being made through
the 100% Book Building Process wherein at least 60% of the Net Issue shall be allotted on
a proportionate basis io Qualified Institutional Buyers ('QIBs') out of which 5%
shall be available for allocation on a propotionate basis to Mutual Funds only. If at
least 60% of the Net Issue cannot be allotted to QIBs, then the entire application money
will be refunded. Further upto 10% of the Net Issue will be available for allocation to
for allocation to Non-Institutional Bidders on a proportionate basis and up to 30%
of the Net Issue will be available for allocation to Retail Individual Bidders on a
proportionate basis, subject to valid bids being received at or above the Issue Price.
Further 100,000 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.
The Board of Directors of TAKE Solutions Limited wishes to thank the investing public
for their response to the Issue which opened for subscription on August 1,2007 and closed
on August 7,2007. The Issue received 157097 application for 120900366 equity shares
resulting In 57.5716 times subscription.
The Basis of Allotment for all the categories namely Retail individual Investors, Non
Institutional Investors, Qualified Institutional Buyers and Employees was approved by The
Bombay Stock Exchange Limited (Designated Stock Exchange) on Aug 20,2007. The IPO
Allotment Committee of the Board of Directors at its Meeting held at Chennai, on Aug
21,2007, allotted the Equity Shares to the successful applicants.
The details of valid appllications received and allotments are as under:
Category |
No. of applications |
No. of shares applied for |
No. of shares allocated |
Qualified Institutional Buyers |
164 |
90164763 |
1200000 |
Non Institutional Investors |
320 |
16699077 |
199997 |
Retail Individual Investors |
154000 |
13274604 |
600003 |
Employees |
85 |
103797 |
100000 |
Note: 3 excess equity shares have been allotted in Retail category due to rounding off.
Final Demand
The final demand at different bid prices is as under:
Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
675 |
1648089 |
1.2960 |
127166967 |
100.0000 |
676 |
162 |
0.0001 |
125518878 |
98.7040 |
677 |
126 |
0.0001 |
125518716 |
98.7039 |
678 |
9 |
0.0000 |
125518590 |
967038 |
679 |
9 |
0.0000 |
125518581 |
98.7038 |
680 |
531 |
0.0004 |
125518572 |
98.7038 |
681 |
270 |
0.0002 |
125518041 |
98.7033 |
684 |
2871 |
0.0023 |
125517771 |
98.7031 |
685 |
162 |
0.0001 |
125514900 |
98.7009 |
688 |
144 |
0.0001 |
125514738 |
98.7007 |
690 |
945 |
0.0007 |
125514594 |
98.7006 |
692 |
9 |
0.0000 |
125513649 |
98,6999 |
693 |
18 |
0.0000 |
125513640 |
98.6999 |
694 |
8064 |
0.0063 |
125513622 |
98.6999 |
700 |
1299267 |
1.0217 |
125505558 |
98.6835 |
701 |
189 |
0.0001 |
124206291 |
97.6718 |
702 |
54 |
0.0000 |
124206102 |
97.6717 |
703 |
36 |
0.0000 |
124206048 |
97.6716 |
704 |
135 |
0.0001 |
124206012 |
97.6716 |
705 |
324 |
0.0003 |
124205877 |
97.6715 |
710 |
52632 |
0.0414 |
124205553 |
97.6712 |
714 |
135 |
0.0001 |
124152921 |
97.6299 |
715 |
189 |
0.0001 |
124152786 |
97.6297 |
720 |
51831 |
0.0408 |
124152597 |
97.6296 |
725 |
855 |
0.0007 |
124100766 |
975888 |
728 |
18 |
0.0000 |
124099911 |
975882 |
729 |
144 |
0.0001 |
124099893 |
97.5862 |
730 |
110532681 |
86.9193 |
124099749 |
97.5880 |
9999 |
13567068 |
10.6687 |
13567068 |
10.6687 |
TOTAL |
127166967 |
|
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange-Bombay Stock Exchange Limited('BSE') on Aug 20,2007.
A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at
the Issue Price of Rs 730/- per Equity Share, was finalized in consultation with BSE. The
category was over subscribed 22.124340 times. The total number of shares allotted in this
category is 600003 Equity Shares. The category-wise details of the Basis of Allotment
(sample) 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 |
9 |
15351 |
9.97 |
138159 |
1.04 |
9 |
4:89 |
6228 |
18 |
10667 |
6.93 |
192006 |
1.45 |
9 |
9:100 |
8658 |
27 |
8476 |
5.50 |
228852 |
1.72 |
9 |
12:89 |
10305 |
36 |
6604 |
4.29 |
237744 |
1.79 |
9 |
9:50 |
10701 |
45 |
5761 |
3.74 |
259245 |
1.95 |
9 |
23:102 |
11691 |
54 |
3564 |
2.31 |
192456 |
1.45 |
9 |
7:25 |
8982 |
63 |
19179 |
12.45 |
1208277 |
9.10 |
9 |
32:101 |
54693 |
72 |
3931 |
2.55 |
283032 |
2.13 |
9 |
9:25 |
12744 |
61 |
1566 |
1.02 |
126646 |
0.96 |
9 |
41:101 |
5724 |
90 |
2535 |
1.65 |
228150 |
1.72 |
9 |
23:51 |
10287 |
99 |
1564 |
1.02 |
154836 |
1.17 |
9 |
50:101 |
6975 |
108 |
1331 |
0.86 |
143748 |
1.08 |
9 |
27:50 |
6471 |
117 |
1003 |
0.65 |
117351 |
0.88 |
9 |
59:100 |
5328 |
126 |
2142 |
1.39 |
269892 |
2.03 |
9 |
63:100 |
12159 |
135 |
70326 |
45.67 |
9494010 |
71.52 |
9 |
61:90 |
429057 |
B. Allotment to Non Institutional Investors (After Technical Rejections)
The Basis of Allotment to the Non Institutional Investors, who have bid at the Issue Price
of Rs,730/- per Equity Share, was finalized in consultation with BSE. The category was
subscribed 82.865295 times. The total number of shares allotted in this category Is 199997
Equity Shares. The category-wise details of the Basis of Allotment (Sample) 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 |
198 |
5 |
1.56 |
990 |
0.01 |
9 |
15 |
9 |
207 |
4 |
1.25 |
828 |
0.01 |
9 |
1:4 |
9 |
216 |
1 |
0.31 |
216 |
0.00 |
9 |
FIRM |
9 |
270 |
14 |
4.38 |
3780 |
0.02 |
9 |
5:14 |
45 |
279 |
1 |
0.31 |
279 |
0.00 |
9 |
FIRM |
9 |
405 |
1 |
0.31 |
405 |
0.00 |
9 |
FIRM |
9 |
459 |
1 |
0.31 |
459 |
0.00 |
9 |
FIRM |
9 |
495 |
2 |
0.63 |
990 |
0.01 |
9 |
12 |
9 |
594 |
1 |
0.31 |
594 |
0.00 |
9 |
FIRM |
9 |
675 |
4 |
1.25 |
2700 |
0.02 |
9 |
3:4 |
27 |
1449 |
1 |
0.31 |
1449 |
0.01 |
17 |
FIRM |
17 |
2700 |
1 |
0.31 |
2700 |
0.02 |
33 |
FIRM |
33 |
3699 |
1 |
0.31 |
3699 |
0.02 |
45 |
FIRM |
45 |
6984 |
1 |
0.31 |
6984 |
0.04 |
84 |
FIRM |
84 |
9585 |
1 |
0.31 |
9585 |
0.06 |
116 |
FIRM |
116 |
13230 |
1 |
0.31 |
13230 |
0.08 |
160 |
FIRM |
160 |
16434 |
1 |
0.31 |
16434 |
0.10 |
198 |
FIRM |
198 |
27000 |
5 |
1.56 |
135000 |
0.81 |
326 |
FIRM |
1630 |
36000 |
2 |
0.63 |
72000 |
0.43 |
435 |
FIRM |
870 |
52740 |
1 |
0.31 |
52740 |
0.32 |
636 |
FIRM |
636 |
39993 |
3 |
0.94 |
299997 |
1.81 |
1207 |
FIRM |
3621 |
116442 |
2 |
0.63 |
232884 |
1.41 |
1405 |
FIRM |
2810 |
C. Allotment to Employees
The Basis of Allotment to the Employees category, who have bid at cut-off or at the Issue
Price of Rs. 730/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed 1.037970 times. The total number of shares allotted in this category is
100000 Equity Shares. The category-wise details of the Basis of Allotment (Sample) are as
under:
Category |
No. Of Applns. |
% to total |
Total No. of Shares applied |
% to total |
No. of Shares allocated |
Ratio |
Total No. of Snares allocated |
9 |
13 |
15.29 |
117 |
0.11 |
9 |
FIRM |
117 |
54 |
4 |
4.71 |
216 |
0.21 |
52 |
FIRM |
208 |
108 |
3 |
3.53 |
324 |
0.31 |
104 |
FIRM |
312 |
225 |
2 |
2.35 |
450 |
0.43 |
217 |
FIRM |
434 |
999 |
1 |
1.18 |
999 |
0.96 |
962 |
FIRM |
962 |
1062 |
1 |
1.18 |
1062 |
1.02 |
1023 |
FIRM |
1023 |
1350 |
1 |
1.18 |
1350 |
1.30 |
1301 |
FIRM |
1301 |
1638 |
1 |
1.18 |
1638 |
1.58 |
1578 |
FIRM |
1578 |
2754 |
1 |
1.18 |
2754 |
2.65 |
2653 |
FIRM |
2653 |
5004 |
1 |
1.18 |
5004 |
4.82 |
4821 |
FIRM |
4821 |
17001 |
1 |
1.18 |
17001 |
16.38 |
16379 |
FIRM |
16379 |
19993 |
1 |
1.18 |
19998 |
19.27 |
19266 |
FIRM |
19266 |
20007 |
1 |
1.18 |
20007 |
1928 |
19275 |
FIRM |
19275 |
D. Allotment to QIBs
Allotment to QIBs have been done on a proportionate basis in consultation with the Bombay
Stock Exchange Limited. The total numbers equity Shares allotted in this category are
1200000 Equity shares (60% of total equity shares alloted).Out of 1200000 Equity Shares
offered to QIBs as per the terms of the Issue, 60000 Equity Shares (i.e 5% of 1200000
Equity Shares) has been allotted proportionately to mutual funds. Mutual funds applicants
have also been considered eligible for proportionate allotment for the balance Equity
shares in QIBs category i.e 1140000. The category was over subscribed 75.1373 times. The
category-wise details of the Basis of Allotment are as under:
Category |
Insurance Companies |
MFs |
Flls |
Fls/Banks |
VC |
Total |
No. of Shares |
56120 |
196662 |
739451 |
194518 |
13249 |
1200000 |
The IPO Allotment Committee of the Board of Directors at Its Meeting held at Chennai on
August 21,2007 has adopted the Basis of allotment of Equty shares in the Issue, approved
by BSE and allotted 2100000 Equity Shares to the successful applicants.
Dates of dispatch of Refund Orders, Credit to beneficiary Accounts, Refund
Instructions and Listing details |
Activity |
Date of Completion |
Approval of Basis of Allotment by BSE |
August 20,2007 |
Dispatch of Allotment Advices, Refund Orders and ECS Intimation Note |
August 22,2007 |
Refund Instructions to the Clearing System (in case of Refunds through ECS system) |
August 22,2007 |
Listing Application to BSE & NSE |
August 22.2007 |
Credit to beneficiary Accounts |
August 22,2007 |
The Refund Orders have been made through ECS, Direct Credit, RTGS and NEFT into the
Bank Account of the applicants, as registered with the depositories, for applicants
residing at any of the 15 centers specified by SEBI. In respect of refunds due to other
applicants has been dispatched to the addresses 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. ECS Intimation Note and Refund Orders have been over-printed with
the bank mandate details as registered, if any, with the depositories. The Equity 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 the Bombay Stock Exchange
Limited and National Stock Exchange of India Limited within seven working days from the
date of approval of the Basis of Allotment.
INVESTORS PLEASE NOTE
The details of the allotment made would be hosted on the website of the Registrar to the
issue, Intime Spectrum Registry Limited at www.intimespectrum.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:
Intime Spectrum Registry Limited
C-13 Pannalal Silk Mills Compound, L B S Marg, Bhandup (W), Mumbal 400 078
Tel: +912225960320; Fax:+912225960328/29,
E-mail: take.ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact Person: Mr, Sachin Achar
Place: Chennai
Date : August 21, 2007 |
For TAKE Solutions Limited
Sd/-
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 TAKE
SOLUTIONS LIMITED. |