Issue Open | Feb 18, 2008 |
Issue Close | Feb 21, 2008 |
IPO Price | ₹82 |
Face Value | ₹10 |
IPO Size | ₹65.60 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 80 |
(This is only an advertisement for information purpose and not a Prospectus Announcement) V-Guard Industries Limited (Our Company was originally incorporated as V-Guard Industries Limited on February 12, 1996 under the Companies Act, 1956, with the Registration No. 09-10010 of 1996. With effect from November 15, 2001 our Company was converted into a Private Limited Company, and subsequently got converted into a Public Limited Company on August 1, 2007 and received a fresh certificate of incorporation in the name of "V-Guard IndustriesLimited."Our Corporate Identity Number is U31200KL1996PLC010010) Registered cum Corporate Office: 44/1037, Little Flower Church Road, Kaloor, Cochin- 682017, Kerala, India; Our Company has not changed its registered office since its incorporation. Tel. No.: +91-484-2539911, 2530912. Fax No.: + 91-484-2539958, Website: www.vguard.in, Contact Person & Compliance Officer: Mr. T. Nandakumar, E-mail: ipo@vguard.in BASIS OF ALLOTMENT PUBLIC ISSUE OF 80,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 82 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 72 PER EQUITY SHARE) FOR CASH AGGREGATING TO RS. 6560 LAKHS (THE "ISSUE") OUT OF WHICH 4,00,000 EQUITY SHARES HAVE BEEN RESERVED FOR ELIGIBLE EMPLOYEES OF OUR COMPANY ( "EMPLOYEE RESERVATION PORTION"). THE NET ISSUE TO THE PUBLIC SHALL BE 76,00,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 82 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 72 PER EQUITY SHARE) FOR CASH AGGREGATING TO RS. 6232 LAKHS (THE "NET ISSUE TO PUBLIC"). THE ISSUE WILL CONSTITUTE 26.80 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY AND THE NET ISSUE TO PUBLIC WILL CONSTITUTE 25.46 % OF THE FULLY DILUTED POST ISSUE PAID -UP CAPITAL OF OUR COMPANY. THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 82/- AND IT IS 8.2 TIMES THE FACE VALUE. The Issue was made through the 100% Book Building Process wherein up to 50% of the net Issue to public was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 15% of the net issue to public was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the net Issue to public was available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. FURTHER UPTO 400000 EQUITY SHARES WAS AVAILABLE FOR ALLOCATION ON A PROPORTIONATE BASIS TO ELIGIBLE EMPLOYEES, SUBJECT TO VALID BIDS BEING RECEIVED AT OR ABOVE THE ISSUE PRICE. The Issue received 40160 applications for 19582000 equity shares resulting in 2.4477 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under: (Before technical rejections)
Final Demand
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on 4th March, 2008. A. Allocation to Employees (After Technical Rejections)
B. Allocation to Retail Individual Investors (After Technical Rejections)
C. Allocation to Non Institutional Investors (After Technical Rejections)
D. Allocation to QIBs
The Board of Directors of the company at its Meeting held at Kochi on March 05,2008 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 the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval or the basis of allocation. INVESTORS PLEASE NOTE INTIME SPECTRUM REGISTRY LIMITED
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 V-GUARD INDUSTRIES LIMITED. |
The V-Guard IPO basis of allotment (published above) tells you how shares are allocated to you in V-Guard IPO and category wise demand of IPO share.
Visit the V-Guard IPO allotment status page to check the number of shares allocated to your application.
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