Zenith Birla FPO Details

Issue Open Oct 16, 2006
Issue Close Oct 20, 2006
IPO Price ₹55
Face Value ₹10
IPO Size ₹131.00 Cr
Listing At BSE
IPO Lot Size

ZENITH BIRLA (INDIA) LIMITED

Registered Office: 1st Floor, Dalamal House, Nariman Point, Mumbai - 400 021.
Tel: +91-22-2282 1122 Fax: +91-22-2285 5743.
Corporate Office: Vedant Commercial Complex, 2nd Floor, Building S-2, 1st Pokhran Road, Vartak Nagar, Opp Kores India, Thane (West)- 400 606 Tel: +91-22-6793 3000; Fax: +91-22-6793 3111
Contact Person : Rajiv Gandhi, Company Secretary and Compliance Officer
E-mail: zenith.po@zenithsteelpipes.com; Website: www.zenithsteelpipes.com

PUBLIC ISSUE OF 2,38,18,182 EQUITY SHARES OF FACE VALUE Rs.10/- EACH OF ZENITH BIRLA (INDIA) LIMITED (HEREINAFTER REFERRED TO AS THE "COMPANY" OR "ISSUER") AT A PREMIUM OF Rs. 45/- PER SHARE (i.e. AT A PRICE OF Rs. 55/- PER SHARE) FOR CASH AGGREGATING TO Rs.13100 LACS (HEREINAFTER REFERRED TO AS THE "ISSUE") COMPRISING OF PROMOTERS CONTRIBUTION OF 45,45,455 EQUITY SHARES OF FACE VALUE OF Rs.10/- EACH AT A PRICE OF Rs. 55/- FOR CASH AGGREGATING TO Rs. 2500 LACS (HEREINAFTER REFERRED TO AS THE "PROMOTERS' CONTRIBUTION") INCLUDING 19,27,272 EQUITY SHARES ARE RESERVED FOR EMPLOYEES AND DIRECTORS; 19,27,272 EQUITY SHARES ARE RESERVED FOR EXISTING SHAREHOLDERS; 19,27,272 EQUITY SHARES ARE RESERVED FOR SHAREHOLDERS OF GROUP COMPANIES; 19,27,273 EQUITY SHARES ARE RESERVED FOR NRIs AND FIIs AND 19,27,273 EQUITY SHARES ARE RESERVED FOR BANKS/MUTUAL FUNDS/INDIAN FINANCIAL INSTITUTIONS. THE NET OFFER TO THE PUBLIC IS OF 96,36,365 EQUITY SHARES OF Rs.10/-EACH AT A PRICE OF Rs.55/-FOR CASH AGGREGATING TO Rs. 5300 LACS HEREINAFTER REFERRED TO AS THE "NET ISSUE").

THE ISSUE PRICE OF Rs. 55/- PER SHARE IS 5.5 TIMES THE FACE VALUE

BASIS OF ALLOTMENT

The Board of Directors of Zenith Birla (India) Limited ("Company") wish to thank all the Investors for their response to the Public Issue. The basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited (BSE) on November 15, 2006 and the equity shares have been allotted as per details given below: Public Issue opened on Monday, October 16, 2006 and closed on Friday, October 20, 2006. The details of applications are as follows

Particulars
No of equity shares offered 2,38,18,182
No of valid application received 11,717
Total no. of equity shares applied for 2,42,28,355
No. of times oversubscribed 1.02
Category No. of shares offered No. of valid shares No. of valid application received No. of times oversubscribed
NRIs/FlIs 19 27 273 22,100 58 0.01
Mutual FundsBanks/Fls 19,27,273 0 0 0.00
Employee/ Directors 19,27,272 1,10,200 3 0.06
Shareholders of the company 19,27,272 1,71,500 616 0.09
Shareholder of Group Companies 19,27,272 2,16,500 682 0.11
ResidentPublic 96,36,365 1,91,62,600 10,358 1.99
Promoter Contribution 45,45,455 45,45,455 5 1.00
Total 2,38,18,182 2,42,28,355 11,722 1.02

Full and firm allotment has been made to Retail Investors, NRIs/FIIs, Employee/ Directors of the Issuer Company, Shareholders of the company, Shareholders of Group Companies and promoter contribution categories for all the valid applications. Allotments have been made on the proportionate basis in case of Resident Public - HNI Category, rounded off to the nearest integer subject to a minimum of 100 shares per allottee.

Basis of allotment of equity shares to the Resident Indian Public HNI Category is as follows:

Category Ratio Shares per allottee Category Ratio Shares per allottee Category Ratio Shares per allottee
100 Firm 100 29000 Firm 28093 185000 Firm 179215
900 Firm 872 36000 Firm 34874 200000 Firm 193746
1900 Firm 1841 36400 Firm 35262 363600 Firm 352230
2000 Firm 1937 36500 Firm 35359 365000 Firm 353587
2500 Firm 2422 45000 Firm 43593 385000 Firm 372961
3000 Firm 2906 47000 Firm 45530 400000 Firm 387492
4000 Firm 3875 50000 Firm 48437 720000 Firm 697486
5000 Firm 4844 63000 Firm 61030 909000 Firm 880576
9000 Firm 8719 80000 Firm 77498 910000 Firm 881545
9500 Firm 9203 90900 Firm 88058 2000000 Firm 1937461
10000 Firm 9687 100000 Firm 96873 2275000 Firm 2203862
18000 Firm 17437 181800 Firm 176115 2500000 Firm 2421827

The dispatch of refund orders and allotment letters has been completed as on November 17, 2006. The credit in respect of allotment in dematerialized form in Central Depository Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) to the valid beneficiary account has been completed as on November 17, 2006. The company has already made the listing application to the BSE and other formalities regarding listing of equity shares are in the process of completion.

IMPORTANT NOTE- Investors may please note that new equity shares of the company allotted under public issue shall have the same ISIN as the existing listed equity shares. 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 BSE.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, whose address is furnished below, quoting full name of the first/sole applicant, application number, number of shares applied and Bank/branch where the application has been lodged.

IDBI Capital Market Services Limited
5th Floor, Mafatlal Centre, Nariman Point,
Mumbai - 400 021. Tel.: +9122 6637 1224/12
Fax: +9122 2288 5850
Website: www.idbicapital.com
E-mail: zenith.po@idbicapital.com

Keynote Corporate Services Limited
307, Regent Chambers, Nariman Point,
Mumbai - 400 021 Tel.: +9122 2202 5230 Fax: +9122 2283 5467
Website: www.keynoteindia.net
E-mail: zenith.fpo@keynoteindia.net



Bigshare Services Pvt. Limited
E-2, Ansa Industrial Estate, Saki Vihar Road,
Saki Naka
Andheri (East), Mumbai - 400 072
Tel: +9122 2847 0652 / 3, Fax: +9122 2847 5207
Website: www.bigshareonline.com
Email: ipo@bigshareonline.com
Contact Person: Mr. Subodh M. Adarkar
Place: Mumbai
Date: 18/11/2006

For ZENITH BIRLA (INDIA) LIMITED
Sd/-
ARUN JAIN
Executive Director

Zenith Birla FPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Zenith Birla FPO?

    Check the basis of allotment document above to know about how the shares are allocated in Zenith Birla 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 Zenith Birla FPO basis of allotment status?

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

    Visit the Zenith Birla FPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Zenith Birla FPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Zenith Birla 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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