Zylog IPO Details

Issue Open Jul 20, 2007
Issue Close Jul 25, 2007
IPO Price ₹350
Face Value ₹10
IPO Size ₹126.00 Cr
Listing At BSE, NSE
IPO Lot Size 20

ZYLOG SYSTEMS LIMITED

(incorporated as Zylog Systems Private Limited on June 1,1995 under the Companies Act, 1956 and was later
converted into a public limited company on May 11,2000 and name was changed to Zylog Systems Limited).
Regd./Corporate Office: 82/40, First Main Road, CIT Nagar, Nandanam, Chennai 600 035.
Tel:+91 -44- 4286 7000, Fax:+91 -44- 2432 6420.
Email: secretarial@zylog.co.in Website: www.zsl.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 36,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 350/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 340/- PER EQUITY SHARE) AGGREGATING TO RS 1,260 MILLION (REFERRED TO AS "THE ISSUE"). THE ISSUE COMPRISED A RESERVATION OF 1,00,000 EQUTY SHARES FOR SUBSCRIPTION BY EMPLOYEES OF RS.10/- EACH. THE ISSUE CONSTITUTES 21.28% OF THE FULLY DILUTED POST ISSUE CAPITAL OF ZYLOG SYSTEMS LIMITED. ("COMPANY" OR "ISSUER").

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-.

THE ISSUE PRICE PER EQUITY SHARE IS RS. 350/- AND IT IS 35 TIMES THE FACE VALUE.

The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue 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, up to 10% of the net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the net 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 2,58,036 applications for 27,18,90,045 equity shares resulting in 75.52 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)

Category No. of Applications No. of Shares Subscription
Qualified Institutional Buyers 194 187072880 89.08
Non Institutional Investors 745 48497230 138.56
Retail Individual Investors 257062 36213455 34.49
Employees 35 106480 1.06

Final Demand
A sample of final demand at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to Total
330 91720 0.03 274525380 100.00
331 100 0.00 274433660 99.97
332 0 0.00 274433560 99.97
333 1360 0.00 274433560 99.97
334 40 0.00 274432200 99.97
335 920 0.00 274432160 99.97
336 20 0.00 274431240 99.97
337 40 0.00 274431220 99.97
338 0 0.00 274431180 99.97
339 20 0.00 274431180 99.97
340 81600 0.03 274431160 99.97
341 260 0.00 274349560 99.94
342 140 0.00 274349300 99.94
343 40 0.00 274349160 99.94
344 0 0.00 274349120 99.94
345 4940 0.00 274349120 99.94
346 20 0.00 274344180 99.93
347 240 0.00 274344160 99.93
348 140 0.00 274343920 99.93
349 20 0.00 274343780 99.93
Cut Off Price Rs.350 274343760 99.93 274343760 99.93
274525380 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on August 07,2007.

A. Allocation to Employees
The Basis of Allocation to the Employees, who have bid at cut-off or at and above the Issue Price of Rs.350 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 1.06 times. The total number of shares allotted in this category is 100000 Equity Shares to 35 successful applicants. The category-wise details of the Basis of Allocation (sample) 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
20 1 2.86 20 0.02 20 FIRM 20
40 1 2.86 40 0.04 38 FIRM 38
160 1 2.86 160 0.15 150 FIRM 150
200 2 5.71 400 0.38 188 FIRM 376
500 2 5.71 1000 0.94 470 FIRM 940
600 1 2.86 600 0.56 563 FIRM 563
700 1 2.86 700 0.66 657 FIRM 657
5000 1 2.86 5000 4.70 4696 FIRM 4696
8500 1 2.86 8500 7.98 7983 FIRM 7983
9060 1 2.86 9060 8.51 8509 FIRM 8509
14760 1 2.86 14760 13.86 13862 FIRM 13862
16000 1 2.86 16000 15.03 15026 FIRM 15026
21760 1 2.86 21760 20.44 20433 FIRM 20433

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at and above the Issue Price of Rs.350 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 33.84 times. The total number of shares allotted in this category is 1050000 Equity Shares to 52500 successful applicants. The category-wise details of the Basis of Allocation (sample) 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
20 41610 16.53 832200 2.34 20 2:65 25600
40 27881 11.08 1115240 3.14 20 1:16 34860
60 20432 8.12 1225920 3.45 20 1:11 37140
80 ! 10869 432 I 869520 I 2.45 20 4:33 26340
100 20299 8.07 2029900 5.71 20 5:34 59700
120 6539 2.60 784680 2.21 20 3:17 23080
140 33746 13.41 4724440 13.30 20 7:34 138960
160 4578 1.82 732480 2.06 20 4:17 21540
180 1882 0.75 338760 0.95 20 9:34 9960
200 5298 2.10 1059600 2.98 20 5:17 31160
220 1370 0.54 301400 0.85 20 14:43 8920
240 1438 0.57 345120 0.97 20 6:17 10160
260 2047 0.81 532220 1.50 20 13:34 15660
280 73698 29.28 20635440 58.08 20 7:17 606920

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-off or at and above the Issue Price of Rs.350 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 137.86 times. The total number of shares allotted in this category is 350000 Equity Shares to 308 successful applicants. The category-wise details of the Basis of Allocation (sample) 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
300 100 18.05 30000 0.06 20 1:10 200
500 32 5.78 16000 0.03 20 1:08 80
1000 27 4.87 27000 0.06 20 1:03 180
5000 1 0.18 5000 0.01 36 FIRM 36
10000 7 1.26 70000 0.15 73 FIRM 511
50000 1 0.18 50000 0.10 363 FIRM 363
102800 1 0.18 102800 0.21 746 FIRM 746
200000 4 0.72 800000 166 1451 FIRM 5804
350000 3 0.54 1050000 2.18 2539 FIRM 7617
1100000 1 0.18 1100000 2.28 7979 FIRM 7979
1450000 1 0.18 1450000 3.01 10518 FIRM 10518
2371420 2 036 4742821 9.83 17202 FIRM 34214
3000000 1 0.18 3000000 6.22 21762 FIRM 21762
3210000 1 0.18 3210000 7.05 24663 FIRM 24663
3500000 3 0.54 10500000 21.76 25387 FIRM 76161

D. Allocation to QIBs (After Technical Rejections)
Allocation to QIBs 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 (1,05,000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (19,95,000) on proportionate basis.

Category Fls/Banks MFs Flls ICs VCs Total
No.of Shares 596632 256598 957749 228456 60565 2100000

The Committee of Directors of the Company at it's meeting held at Chennai on August 07,2007 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices (where applicable) 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 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
This details of the allocation made would be hosted on the website of Registrars to the issue, Karvy Computershare Private Limited at www.karvy.com or http://kcpl.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-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:

Karvy Computershare Private Limited
Unit: Zylog Systems, Plot No. 17 to 24, Vitharao Nagar,
Hitech City Road, Madhapur, Hyderabad -500081,
Fax: 021-23420814 Email: einward.ris@karvy.com

TOLL FREE - HELPLINE NUMBER
1 -800-3452101

Place: Mumbai
Date: August 09,2007

For Zylog Systems Limited
Sd/.
Jitendra Kumar Pal
Compliance Officer & Company Secretary

Zylog IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Zylog IPO?

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

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

    Visit the Zylog IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Zylog IPO allotment process?

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








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