TANLA SOLUTIONS LIMITED
(Incorporated underthe Companies Act, 1956 as a public limited company
in the name of Maruti Dairy Products Limited on 28th July, 1995 in Hyderabad. The name of
the Company was changed to Prism Foods Limited on 18th March, 1996. Subsequently, the name
of the Company was changed to Tanla Solutions Limited on 18th March, 2000.)
REGISTERED OFFICE: Regd. Office: Tanla Technology
Centre, Hitech City Road, Madhapur, Hyderabad 500 081. Tel:+91-40-40099999,
Fax:+91-40-23122999.
email: fpo@tanlasolutions.com
Website: www.tanlasolutions.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 1,58,85,000 EQUITY SHARES OF RS. 2/- EACH FOR CASH AT A PRICE
OF RS. 265/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 263/ - PER EQUITY SHARE)
AGGREGATING TO RS 4,209.53 MILLION (REFERRED TO AS "THE ISSUE"). THE ISSUE
COMPRISED A PROMOTER CONTRIBUTION OF 15,88,500 EQUITY SHARES OF RS. 2/- EACH FOR CASH AT A
PRICE OF RS.265/- PER EQUITY SHARES AGGREGATING TO RS. 420.95 MILLION. AND THE NET OFFER
TO THE PUBLIC OF 1,42,96,500 EQUITY SHARES OF RS.2/- EACH FOR CASH ATA PRICE OF RS.265/-
PER EQUITY SHARES AGGREGATING TO RS. 37,88.57 MILLION. THE NET ISSUE CONSTITUTES 28.59% OF
THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF TANLA SOLUTIONS LIMITED.
("COMPANY" OR "ISSUER").
THE FACE VALUE PER EQUITY SHARE IS RS.2/-. THE ISSUE PRICE PER EQUITY SHARE IS
RS. 265/- AND IT IS 26.5 TIMES THE FACE VALUE.
The Issue made through the 100% Book Building Process wherein at least 50% of the net
Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers
("OIBs") (including 5% of the QIB portion that was to specifically be allotted
to mutual funds), further, up to 15% of the Issue shall be available for allocation on a
proportionate basis to Non-Institutional Bidders and up to 35% of the Issue shall be
available for allocation on a proportionate basis to Retail Bidders, subject to valid bids
being received at or above the Issue Price.
The Issue received 2,41,900 applications for 55,14,27,249 equity shares resulting in
34.71 times subscription. The details of the applications received in the Issue from
Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor
categories are as under: (Before technical rejections)
Category |
No. of Applications |
No. of Shares bid |
Subscrlpdon |
Qualified Institutional Buyers |
205 |
407380025 |
56.99. |
Non Institutional Investors |
744 |
88022660 |
41.04 |
Retail Individual Investors |
240949 |
54436064 |
10.88 |
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 |
230 |
383500 |
0.07 |
552494125 |
100.00 |
231 |
800 |
0.00 |
552110625 |
99.93 |
232 |
150 |
0.00 |
552109825 |
99.93 |
233 |
10600 |
0.00 |
552109675 |
99.93 |
234 |
150 |
0.00 |
552099075 |
99.93 |
235 |
4525 |
0.00 |
552098925 |
99.93 |
236 |
0 |
0.00 |
552094400 |
99.93 |
237 |
0 |
0.00 |
552094400 |
99.93 |
238 |
75 |
0.00 |
552094400 |
99.93 |
239 |
50 |
0.00 |
552094325 |
99.93 |
240 |
37225 |
0.01 |
552094275 |
99.93 |
241 |
0 |
.0.00 |
552057050 |
99.92 |
242 |
175 |
0.00 |
552057050 |
99.92 |
243 |
0 |
0.00 |
552056875 |
99.92 |
244 |
150 |
0.00 |
552056875 |
99.92 |
245 |
69750 |
0.01 |
552056725 |
99.92 |
246 |
0 |
0.00 |
551986975 |
99.91 |
247 |
150 |
0.00 |
551986975 |
99.91 |
248 |
11950 |
0.00 |
551986825 |
99.91 |
249 |
800 |
0.00 |
551974875 |
99.91 |
250 |
321525 |
0.06 |
551974075 |
99.91 |
251 |
275 |
0.00 |
551652550 |
99.85 |
252 |
25 |
0.00 |
551652275 |
99.85 |
253 |
50 |
0.00 |
551652250 |
99.85 |
254 |
0 |
0.00 |
551652200 |
99.85 |
255 |
11075 |
0.00 |
551652200 |
99.85 |
256 |
75 |
0.00 |
551641125 |
99.85 |
257 |
100 |
0.00 |
551641050 |
99.85 |
258 |
0 |
0.00 |
551640950 |
99.85 |
259 |
25 |
0.00 |
551640950 |
99.85 |
260 |
15825 |
0.00 |
551640925 |
99.85 |
261 |
25 |
0.00 |
551625100 |
99.84 |
262 |
50 |
0.00 |
551625075 |
99.84 |
263 |
125 |
0.00 |
551625025 |
99.84 |
264 |
2075 |
0.00 |
551624900 |
99.84 |
265 & Cut off price |
551622825 |
99.84 |
551622825 |
99.84 |
TOTAL |
552494125 |
100.00 |
|
|
The Basis of Allocation was
finalized in consultation with Bombay Stock Exchange Limited ("BSE") on 27th
December, 2006.
A Allocation to Retail Individual Investors (After Technical Rejections)
The Basis Allocation to the Retail Individual Investors, who have bid at cut-off or at the
Issue Price of Rs.265/- per Equity Share, was finalized in consultation with BSE. The
Category was� over subscribed 10.66 times. The� total number of shares allotted
in this in is category is 5003775 Equity Shares to 161854 successful
applicants: The category-wise details of the Basis of Allocation are as under:
Category |
No. of
Applications |
% to
total |
No. of Shares
applied |
% to
total |
No. of Shares
allocated |
Ratio |
Total No. of
Shares allocated |
25 |
17917 |
7.63 |
447925 |
0.84 |
25 |
3:28 |
48000 |
50 |
17360 |
7.39 |
868000 |
1.63 |
25 |
4:21 |
82675 |
75 |
8288 |
3.53 |
621600 |
1.17 |
25 |
2:7 |
59200 |
100 |
19538 |
8.32 |
1953800 |
3.66 |
25 |
8:21 |
186075 |
125 |
4848 |
2.06 |
606000 |
1.14 |
25 |
10:21 |
57725 |
150 |
6963 |
2.97 |
1044450 |
1.96 |
25 |
4:7 |
99475 |
175 |
51882 |
22.09 |
9079350 |
17.03 |
25 |
19:29 |
849800 |
200 |
5776 |
2.46 |
1155200 |
2.17 |
25 |
16:21 |
110025 |
225 |
1107 |
0.47 |
249075 |
0.47 |
25 |
9:10 |
24900 |
250 |
1874 |
0.80 |
468500. |
0.88 |
25 |
FIRM |
46850 |
275 |
769 |
0.33 |
211475 |
0.40 |
26 |
FIRM |
19994 |
ADDITIONAL |
1 |
1:55 |
14 |
300 |
2258 |
0.96 |
677400 |
1.27 |
28 |
FIRM |
63224 |
325 |
1331 |
0.57 |
432575 |
0.81 |
31 |
FIRM |
41261 |
350 |
3594 |
1.53 |
1257900 |
2.36 |
33 |
FIRM |
118602 |
375 |
91313 |
38.89 |
34242375 |
64.23 |
35 |
FIRM |
3195955 |
B. 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.265/- per Equity Share, was finalized in Consultation with BSE. The Category
was subscribed 40.97 times. The total number of shares allotted in this Category is
2144475 Equity Shares to 592 successful applicants. The category-wise details of the Basis
of Allocation (Sample) are as under:
Category |
No. of
Applications |
% to
total |
No. of Shares
applied |
% to
total |
No. of Shares
allocated |
Ratio |
Total No. of
Shares allocated |
400 |
57 |
8.70 |
22800 |
0.03 |
25 |
2:5 |
575 |
800 |
3 |
0.46 |
2400 |
0.00 |
25 |
2:3 |
50 |
1000 |
24 |
3.66 |
24000 |
0.03 |
25 |
FIRM |
600 |
5000 |
7 |
1.07 |
35000 |
0.04 |
122 |
FIRM |
854 |
10000 |
15 |
2.29 |
150000 |
0.17 |
244 |
FIRM |
3660 |
20000 |
4 |
0.61 |
80000 |
0.09 |
488 |
FIRM |
1952 |
30000 |
11 |
1.68 |
330000 |
0.38 |
732 |
FIRM |
8052 |
40000 |
11 |
1.68 |
440000 |
0.50 |
976 |
FIRM |
10736 |
50000 |
3 |
0.46 |
150000 |
0.17 |
1220 |
FIRM |
3660 |
80000 |
1 |
0.15 |
80000 |
0.09 |
1953 |
FIRM |
1953 |
100000 |
11 |
1.68 |
1100000 |
1.25 |
2441 |
FIRM |
26851 |
150000 |
3 |
0.46 |
450000 |
0.51 |
3661 |
FIRM |
10983 |
200000 |
3 |
0.46 |
600000 |
0.68 |
4882 |
FIRM |
14646 |
500000 |
1 |
0.15 |
500000 |
0.57 |
12204 |
FIRM |
12204 |
1000000 |
3 |
0.46 |
3000000 |
3.41 |
24408 |
FIRM |
73224 |
2500000 |
2 |
0.31 |
5000000 |
5.69 |
61021 |
FIRM |
122042 |
3018850 |
1 |
0.15 |
3018850 |
3.44 |
73685 |
FIRM |
73685 |
3773500 |
2 |
0.31 |
7547000 |
8.59 |
92105 |
FIRM |
184210 |
14295000 |
1 |
0.15 |
14295000 |
16.27 |
348904 |
FIRM |
348904 |
C. Allocation to QIBs
Allocation to OIBs has 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 (3,57,413) and other OIBs and unsatisfied demands of Mutual Funds were allotted
the remaining available shares (67,90,837) on proportionate basis.
Category |
Fls/ Banks |
MFs |
FIIS |
ICs |
Total |
No.of Shares |
974686 |
1151524 |
4930110 |
91930 |
7148250 |
The Committee of Directors of the Company at it's Meeting held at Hyderabad on 28th
December, 2006 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 have 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
Investors may Please note that new equity shares of the company allotted under Public
Issue shall have the same ISIN as the existing equity shares Had on Hyderabad Stock
Exchange, Ahmedabad Stock Exchange and Madras Stock Exchange. Investors should note that
though new equity shares will be credited to their demat accounts, they can trade In the
new equity shares only after ascertaining that trading approvals have been Issued and
notified by Bombay Stock Exchange, National Stock Exchange, Hyderabad Stock Exchange,
Ahmedabad Stock Exchange and Madras Stock Exchange.
This details all the allocation made would be head on the website of Registrars
to the Issue, Karvy Computer Share Private Limited at www.karvy.com
or http://karisma.karvy.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-cumapplication 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:
Kervy Computershare Private Limited
Unit: Tanla Solutions, Plot No. 17 to 24, Vitharao Nagar, Hitech City Road,
Madhapur Hyderabad-500081, Fax: 040-23420814, Email: mailmanager@karvy.com
TOLL FREE -HELPLINE NUMBER 1-800-3454001
� Place : Hyderabad
Date : 29-12-2006 |
For Tanla Solutions Limited
Sd/
Ch Seshanuradha
Company Secretary and 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 TANLA SOLUTIONS
LIMITED. |