Tirupati Inks FPO Details

Issue Open Sep 14, 2010
Issue Close Sep 17, 2010
IPO Price ₹43
Face Value ₹10
IPO Size ₹51.50 Cr
Listing At BSE
IPO Lot Size 150

This is only an advertisement for information purposes and not a Prospectus announcement

Tirupati Inks Limited

(Our Company was incorporated as S P Leasing Limited on April 10,1984 in New Delhi as Public Limited Company under the Companies Act, 1956. The name of the company was changed to Jyotiragamaya Promoters Limited on May 1,2008. Subsequently, the name of our company was changed to Tirpuati Inks Limited on March 27,2009 pursuant to the Scheme of Amalagamation approved by the Honourable High Court of Delhi on November 19,2008. For details in change in the name of our company and our registered office, see the section titled' History and Certain Corporate Matters' beginning on page no 70 of the prospectus)

Registered Office: B-4, UNESCO Apartments, Plot No 55, I.P Extension, Patparganj, Delhi -110 092
Telefax: 011 - 4753 1013
Corporate Office: A-1/33, Dada Nagar Industral Area, Kanpur - 208 022. Tel: +91-512-221 6926,222 3024,
Fax: +91-512-223 4201;
Email: fpo@tirupatiinks.com Web site: www.tirupatiinks.com
Contact person: Ms Garima Vishnoi, Company Secretary and Compliance Officer;
E-mail: complianceofficer@tirupatiinks.com

BASIS OF ALLOTMENT

ISSUE OF 11976744 EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 43/- PER EQUITY SHARE AGGREGATING TO Rs. 5150.00 LAKHS (HEREINAFTER REFERRED TO AS THE 'ISSUE'). THE ISSUE COMPRISES PROMOTER'S CONTRIBUTION OF 2676744 EQUITY SHARES OF Rs. 10/- EACH AT A PRICE OF Rs. 43/- PER EQUITY SHARE AGGREGATING TO Rs. 1151.00 LAKHS (HEREINAFTER REFERRED TO AS PROMOTER'S CONTRIBUTION) AND NET ISSUE TO THE PUBLIC (HEREINAFTER REFERRED TO AS 'THE NET ISSUE' OR' NET ISSUE TO THE PUBLIC') OF 9300000 EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 43/- PER EQUITY SHARE AGGREGATING TO Rs.3999.00 LAKHS. THE NET ISSUE WOULD CONSTITUTE 61.38 % OF THE FULLY
DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

ISSUE PRICE: Rs.43/- PER EQUITY SHARE OF FACE VALUE OF Rs.10/- EACH
The Issue Price is 4.3 times of the face value

This Issue was made through 100% Book Building Process wherein atleast 50% of the Net Issue to the Public will be available for allotment to Qualified Institutional Buyers ('QIB') on a proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be available for allocation to Mutual Funds. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. If atleast 50% of the Net Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. Further, not less than 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public 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.

The Issue opened for subscription on September 14,2010 and closed for QIB on September 16,2010 & except for QIB on September 17,2010. The Issue received 22977 applications for 85529550 Equity Shares resulting in 9.20 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors categories are as under:
(Before technical rejections)

Category No. of Applications No. of shares Subscription (No. of times)
Qualified Institutional Buyers 9 8661000 1.86
Non Institutional Investors 54 33900900 24.30
Retail Individual Investors 22914 42967650 13.20
Total 22977 85529550 9.20

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

Bid Price No. of Equity Shares % of Total Cumulative Total % of Cumulative total
41 22350 0.026 85561500 100.000
42 9600 0.011 85539150 99.974
43 44549100 52.067 85529550 99.963
CutOff 40980450 47.896 40980450 47.896
Total 85561500 100.000

Note: the above analysis is based on electronic bids.

The Basis of Allotment was finalized in consultation with.Bombay Stock Exchange Limited ('BSE') on September 27, 2010. Details of valid applications received and allotments done are as under:

A) Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Application)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.43 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 12.08 times. The total number of shares allotted in this category is 32,55,000 Equity Shares to 18661 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of
Shares Allocated/Alloted
150 2100 9.4706 315000 0.7560 150 4:51 24750
300 789 3.5582 236700 0.5681 150 5:32 18450
450 374 1.6867 168300 0.4039 150 7:30 13050
600 357 1.6100 214200 0.5141 150 14:45 16650
750 114 0.5141 85500 0.2052 150 17:44 6600
900 131 0.5908 117900 0.2830 150 27:58 9150
1050 305 1.3755 320250 0.7686 150 31:57 24900
1200 195 0.8794 234000 0.5616 150 18:29 18150
1350 31 0.1398 41850 0.1004 150 21:31 3150
1500 59 0.2661 88500 0.2124 150 32:41 6900
1650 15 0.0676 24750 0.0594 150 4:5 1800
1800 16 0.0722 28800 0.0691 150 1:1 2400
1950 8 0.0361 15600 0.0374 152 1:1 1216
2100 28 0.1263 58800 0.1411 164 1:1 4592
2100 1 5:7 20
2250 17652 79.6067 39717000 95.3197 175 1:1 3089100
2250 1 4:5 14122
TOTAL 22174 100 41667150 100 3255000

B) Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Application)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs.43 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 22.89 times. The total number of shares allotted in this category is 13,95,000 Equity Shares to 47 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of
Shares Allocated/Alloted
6900 2 4.2553 13800 0.0432 301 1:1 602
11250 2 4.2553 22500 . 0.0705 492 1:1 984
11550 2 4.2553 23100 0.0724 505 1:1 1010
20100 1 2.1277 20100 0.0630 878 1:1 878
23250 1 2.1277 23250 0.0728 1016 1:1 1016
23400 1 2.1277 23400 0.0733 1022 1:1 1022
33750 2 4.2553 67500 0.2114 1475 1:1 2950
58200 1 2.1277 58200 0.1823 2543 1:1 2543
60000 1 2.1277 60000 0.1879 2622 1:1 2622
69750 1 2.1277 69750 0.2185 3048 1:1 3048
116250 4 8.5106 465000 1.4565 5079 1:1 20316
116400 2 4.2553 232800 0.7292 5086 1:1 10172
156000 1 2.1277 156000 0.4886 6816 1:1 6816
200100 1 2.1277 200100 0.6267 8743 1:1 8743
232500 2 4.2553 465000 1.4565 10159 1:1 20318
232650 6 12.7660 1395900 4.3722 10165 1:1 60990
290550 1 2.1277 290550 0.9100 12695 1:1 12695
465000 1 2.1277 465000 1.4565 20318 1:1 20318
465150 2 4.2553 930300 2.9138 20324 1:1 40648
500100 2 4.2553 1000200 3.1328 21851 1:1 43702
700050 1 2.1277 700050 2.1927 30588 1:1 30588
760650 1 2.1277 760650 2.3825 33236 1:1 33236
930150 1 2.1277 930150 2.9134 40642 1:1 40642
1162500 2 4.2553 2325000 7.2823 50794 1:1 101588
1976700 2 4.2553 3953400 12.3827 86369 1:1 172738
3322050 1 2.1277 3322050 10.4052 145152 1:1 145152
4651050 3 6.3830 13953150 43.7034 203221 1:1 609663
TOTAL 47 100 31926900 100 1395000

C) Allocation to QlBs (Including ASBA Application)
The Allotment to QIBs has been done on proportionate basis. As per the SEBI guidelines, Mutual Funds were to be initially allocated 5% of the quantum of shares available i.e. 2,32,500 however there were no applications from Mutual Funds. The category was subscribed to the extent 1.86 times and the total number of successful applicants are9.

Category Bank Fll Mfs ICS VCs Total
No. of Shares Nil 46,50,000 Nil Nil Nil 46,50,000

The Board of Directors of the company at it's Meeting held at Kanpur on September 27,2010 has approved the basis of allocation of shares approved by BSE and has authorised the Corporate action for the transfer of the Shares to various successful applicants.

The CAN cum Refund Orders and NECS/RTGS/NEFT/Direct Credit Intimation has been dispatched on September 29, 2010 to the same address of the investors as registered with the Depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue, 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 the 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 on or before October 01,2010.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Financial & Computer Services Private Limited at www.beetalfinancial.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:

Beetal Financial & Computer Services Private Limited
Beetal House, 3rd Floor, 99 Madangir, Behind Local Shopping Centre, New Delhi-110 062
Phone: 91-11-2996 1280-83 Fax: 91-11-2996 1284
Email:tirupati_ipo@beetalfinancial.com

Place Delhi
Date September 29,2010
For TIRUPATI INKS LIMITED
on behalf of Board of Directors
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 TIRUPATI INKS LIMITED

Tirupati Inks FPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Tirupati Inks FPO?

    Check the basis of allotment document above to know about how the shares are allocated in Tirupati Inks FPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Tirupati Inks FPO basis of allotment status?

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

    Visit the Tirupati Inks FPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Tirupati Inks FPO allotment process?

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








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