|
BEDMUTHA INDUSTRIES LIMITED
(The Company was incorporated as 'Bedmutha Wire Company Private
Limited' on August 23,1990 as a private limited company under the Companies Act, 1956 and
the name was changed to 'Bedmutha Industries Limited' with effect from November
18,2009. For details of changes in our name and our registered office, see 'History
and Certain Corporate Matters' on page 105 of the Prospectus).
Registered Office: A-32, STICE, Sinnar, Nashik - 422 103. Tel: 91- 2551
240481/240631/240068/240069; Fax: 91- 2551 240482. Corporate Office:
B - 301/302, Sai Classic, off Palm Acres, Gavanpada, Mulund (East), Mumbai-400 081. Tel:
(91 22) 2163 7675; Fax: (91 22) 2163 1667; Contact Person: Nilesh
Amrutkar, Company Secretary and Compliance Officer; Email:
ipo@bedmutha.com Website: www.bedmutha.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 90,00,000 EQUITY SHARES OF RS. 10/- EACH OF BEDMUTHA
INDUSTRIES LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE
OF RS. 102/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 92/- PER EQUITY SHARE)
AGGREGATING TO RS. 9180 LACS (THE 'ISSUE'). THE ISSUE CONSTITUTES 42.80% OF THE
POST ISSUE PAID UP CAPITAL OF THE COMPANY.
THE ISSUE PRICE IS RS. 102/- PER EQUITY SHARE. THE FACE VALUE OF THE EQUITY SHARES IS RS.
10/-. THE ISSUE PRICE IS 10.2 TIMES THE FACE VALUE OF THE EQUTY SHARES OF THE COMPANY.
This issue is being made throug the100% Book Building Process wherein
upto 50% of the issue to the pblic shall be available for allotment on proportionate basis
to qualified institutional Buyers ('QIBs'),subject to valid bids
received at or above the Issue Price.Out of portion available for allotment to the QIBs,
5% shall be available for allotmenton a proportionate basis to Mutual Funds only and the
remaining QIB portion shall be available for allotment on Proportionate basis to all QIBs,
including Mutual Funds, subject to valid bids being received at or above the issue Price.
Further, not less than 15% of theissue to the Public shall be available for allotment on a
proportionate basis to Non institutional Bidders and not less than 35% of the issue to the
public shall be available for alloment on a proportionate basis to Retail individual
bidders being received at or above the issue price.
The Issue opened for subscription on September 28,2010 and closed on October 01,2010. The
total number of applications received were 30,198 (including 2,784 ASBA Applications) for
6,84,52,475 Equity Shares resulting in 7.61 times subscription. The Basis of Allocation
was finalized on October 11,2010, In consultation with the BSE, the Designated Stock
Exchange.
The details of the applications received in the Issue from Qualified Institutional Buyers,
Non-Institutional and Retail Individual Investor categories (Including ASBA applications)
are as under: (before technical rejections)
| Category |
No. of Applications |
No. of Equity Shares |
No. of times Subscribed |
| Qualified Institutional Buyers |
4 |
29,95,785 |
0.67 |
| Non Institutional Investors |
118 |
3,91,98,640 |
21.76 |
| Retail Individual Investors |
30,076 |
2,62,58,050 |
0625 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/issue Closing date at
different bid prices is as detailed below:
| Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
| 95 |
2,57,725 |
0.37 |
7,06,86.395 |
100.00 |
| 96 |
48,035 |
0.07 |
7,043,670 |
99.63 |
| 97 |
2,145 |
Negligible |
7,03,60,635 |
99.56 |
| 96 |
5,42,165 |
0.77 |
7,03,78,490 |
99.56 |
| 99 |
650 |
Negligible |
6,98,36,325 |
98.79 |
| 100 |
4,86,200 |
0.69 |
6,98,35,675 |
98.79 |
| 101 |
1,170 |
Negligible |
6,93,49,475 |
98.10 |
| 102 |
4,30,79,205 |
60.94 |
6,93,48,305 |
98.10 |
| CUTOFF |
2,62,69,100 |
37.16 |
2,62,69,100 |
37.16 |
| TOTAL |
7,06,86,395 |
100.00 |
|
|
Allocation to Retail Individual Investors Including ASBA Applications
(after technical rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut
off and the Issue Price of Rs. 102/- per Equity Share, has been finalized on a
proportionate basis, in consultation with BSE. The category was over subscribed 06.22
times. The total number of equity shares allocated in this category is 42,07,148 Equity
Shares (including 4,198 Equity Shares for rounding off) which were allotted to 27,643
successful applicants. The spill over portion from QIB was 10,52,950 Equity Shares. The
category-wise details of the Basis of Allocation are under:-
| Category |
No. of Applns. |
% to total |
Total No. of
Equity Shares applied |
% to total |
No. of Equity
Shares allocated
per applicant |
Ratio |
Total No. of
Equity Shares allocated |
| 65 |
1,786 |
5.989 |
1,16,090 |
0.444 |
65 |
11:68 |
18,785 |
| 130 |
605 |
2.029 |
78,650 |
0.301 |
65 |
10:31 |
12,675 |
| 195 |
326 |
1.093 |
63,570 |
0.243 |
65 |
16:33 |
10,270 |
| 260 |
195 |
0.654 |
50,700 |
0.194 |
65 |
11:17 |
8,190 |
| 325 |
157 |
0.527 |
51,025 |
0.195 |
65 |
30:37 |
8,255 |
| 390 |
83 |
0578 |
32,370 |
0.124 |
65 |
41:42 |
5,265 |
| 455 |
247 |
0.828 |
1,12,385 |
0.430 |
73 |
1:1 |
18,031 |
| 520 |
115 |
0.386 |
59,800 |
0.229 |
84 |
1:1 |
9,660 |
| 585 |
37 |
0.124 |
21,645 |
0.083 |
94 |
1:1 |
3,478 |
| 650 |
91 |
0.305 |
59,150 |
0.226 |
105 |
1:1 |
9,555 |
| 715 |
34 |
0.114 |
24,310 |
0.093 |
115 |
1:1 |
3,910 |
| 780 |
31 |
0.104 |
24,180 |
0.093 |
125 |
1:1 |
3,875 |
| 845 |
136 |
0.456 |
1,14,920 |
0.440 |
136 |
1:1 |
18,496 |
| 910 |
139 |
0.466 |
1,26,490 |
0.484 |
146 |
1:1 |
20,294 |
| 975 |
25,837 |
86.646 |
2,51,91,075 |
96.420 |
157 |
1:1 |
40,56,409 |
Allocation to Non Institutional Investors including ASBA Applications (after
technical rejections)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue
Price of Rs. 102/- per Equity Share, has been finalized on a proportionate basis, in
consultation with BSE. The category was over subscribed 21.76 times. The total number of
equity shares allocated to this category is 18,01,278 Equity Shares (including 13 Equity
Shares for rounding off) which were allotted to 118 successful applicants. The spin over
portion from QIB was 4,51,265 Equity Shares. The category-wise details of the Basis of
Allocation is as under:
| Category |
No. of Applns. |
% to total |
Total No. of
Equity Shares applied |
% to total |
No. of Equity
Shares allocated
per applicant |
Ratio |
Totat No.
of Equity Shares allocated |
| 1,040 |
1 |
0.847 |
1,040 |
0.003 |
65 |
1:1 |
65 |
| 1,485 |
2 |
1.695 |
2,990 |
0.008 |
69 |
1:1 |
138 |
| 1,950 |
1 |
0.847 |
1,950 |
0.005 |
90 |
1:1 |
90 |
| 2,860 |
2 |
1.695 |
6,720 |
0.015 |
131 |
1:1 |
262 |
| 2,990 |
2 |
1.695 |
5,980 |
0.015 |
137 |
1:1 |
274 |
| 3,900 |
3 |
2.542 |
11,700 |
0.030 |
179 |
1:1 |
537 |
| 4,875 |
4 |
3.390 |
19,500 |
0.050 |
224 |
1:1 |
896 |
| 4,940 |
7 |
5.932 |
34,580 |
0.068 |
227 |
1:1 |
1589 |
| 6,825 |
1 |
0.847 |
6,825 |
0.017 |
314 |
1:1 |
314 |
| 7,020 |
9 |
7.627 |
63,180 |
0.161 |
323 |
1:1 |
2907 |
| 8,840 |
1 |
0.847 |
8,840 |
0.023 |
406 |
1:1 |
406 |
| 9,750 |
4 |
3.390 |
39,000 |
0.099 |
448 |
1:1 |
1,792 |
| 9,815 |
2 |
1.695 |
19,630 |
0.050 |
451 |
1:1 |
902 |
| 9,380 |
3 |
0.847 |
29,640 |
0.076 |
454 |
1:1 |
1,362 |
| 11,245 |
1 |
0.847 |
11,245 |
0.029 |
517 |
1:1 |
517 |
| 14,690 |
4 |
3.390 |
58,760 |
0.150 |
675 |
1:1 |
2,700 |
| 17,615 |
1 |
0.847 |
17,615 |
0.045 |
809 |
1:1 |
809 |
| 19,500 |
2 |
1.695 |
39,000 |
0.099 |
896 |
1:1 |
1,792 |
| 24,570 |
1 |
0.847 |
24,570 |
0.063 |
1129 |
1:1 |
1,129 |
| 39,195 |
3 |
2.542 |
1,17,585 |
0.300 |
1801 |
1:1 |
5,403 |
| 43,095 |
1 |
0.847 |
43,095 |
0.110 |
1980 |
1:1 |
1,980 |
| 49,010 |
4 |
3.390 |
1,96,040 |
0.500 |
2252 |
1:1 |
9,008 |
| 49,075 |
4 |
3.390 |
1,96,300 |
0.501 |
2255 |
1:1 |
9,020 |
| 49,140 |
1 |
0.847 |
49,140 |
0.125 |
2258 |
1:1 |
2,258 |
| 50,050 |
6 |
5.085 |
3,00,300 |
0.766 |
2300 |
1:1 |
13,800 |
| 68,250 |
1 |
0.847 |
68,250 |
0.174 |
3136 |
1:1 |
3,136 |
| 73,515 |
2 |
1.695 |
1,47,030 |
0.375 |
3378 |
1:1 |
6,756 |
| 97,500 |
2 |
1.695 |
1,95,000 |
0.497 |
4480 |
1:1 |
8,960 |
| 98,020 |
1 |
0.847 |
98,020 |
0.250 |
4504 |
1:1 |
4,504 |
| 98,085 |
1 |
0.847 |
98,085 |
0.250 |
4507 |
1:1 |
4,507 |
| 99,970 |
1 |
0.847 |
99,970 |
0.255 |
4594 |
1:1 |
4,594 |
| 122,525 |
1 |
0.847 |
122,525 |
0.313 |
5630 |
1:1 |
5,630 |
| 143,000 |
1 |
0.847 |
1,43,000 |
0.365 |
6571 |
1:1 |
6,571 |
| 146,900 |
1 |
0.847 |
1,46,900 |
0.375 |
6750 |
1:1 |
6,750 |
| 147,030 |
2 |
1.695 |
2,94,060 |
0.750 |
6756 |
1:1 |
13,512 |
| 156,845 |
1 |
0.847 |
1,56,845 |
0.400 |
7207 |
1:1 |
7207 |
| 170,820 |
1 |
0.847 |
1,70,820 |
0.436 |
7850 |
1:1 |
7350 |
| 172,900 |
1 |
0.847 |
1,72,900 |
0.441 |
7945 |
1:1 |
7,945 |
| 175,500 |
1 |
0.847 |
1,75,500 |
0.448 |
8065 |
1:1 |
8,065 |
| 182,000 |
1 |
0.847 |
1,82,000 |
0.464 |
8363 |
1:1 |
8,363 |
| 185,900 |
1 |
0.847 |
185,900 |
0.474 |
8543 |
1:1 |
8543 |
| 191,750 |
1 |
0.847 |
1,91,750 |
0.489 |
8811 |
1:1 |
8811 |
| 196,040 |
3 |
2.542 |
5,88,120 |
1.500 |
9008 |
1:1 |
27,024 |
| 196,105 |
2 |
1.695 |
3,92,210 |
1.001 |
9011 |
1:1 |
18,022 |
| 196,170 |
1 |
0.847 |
1,96,170 |
0.500 |
9014 |
1:1 |
9,014 |
| 199,940 |
1 |
0.847 |
1,99,940 |
0.510 |
9188 |
1:1 |
9,188 |
| 245,115 |
1 |
0.847 |
2,45,115 |
0.625 |
11264 |
1:1 |
11,264 |
| 294,060 |
2 |
1.695 |
5,88,120 |
1.500 |
13513 |
1:1 |
27,026 |
| 294,450 |
1 |
0.847 |
2,94,450 |
0.751 |
13531 |
1:1 |
13,531 |
| 343,135 |
1 |
0.847 |
3,43,135 |
0.875 |
15768 |
1:1 |
15,768 |
| 343,200 |
1 |
0.847 |
3,43,200 |
0.876 |
15771 |
1:1 |
15,771 |
| 392,145 |
2 |
1.695 |
7,84,290 |
2.001 |
18020 |
1:1 |
36,040 |
| 490,165 |
2 |
1.695 |
9,80,330 |
2.501 |
22524 |
1:1 |
45,048 |
| 588,250 |
1 |
0.847 |
5,88,250 |
1.501 |
27031 |
1:1 |
27,031 |
| 980,395 |
1 |
0.847 |
9,80,395 |
2.501 |
45051 |
1:1 |
45,051 |
| 1,225,445 |
1 |
0.847 |
12,25,445 |
3.126 |
56312 |
1:1 |
56,312 |
| 1,862,705 |
1 |
0.847 |
18,62,705 |
4.752 |
85595 |
1:1 |
85,595 |
| 1,960,725 |
2 |
1.695 |
39,21,450 |
10.004 |
90100 |
1:1 |
1,80,200 |
| 2,450,955 |
1 |
0.847 |
24,50,955 |
6253 |
112627 |
1:1 |
1,12,627 |
| 4,049,955 |
1 |
0.847 |
40,49,955 |
10.332 |
186104 |
1:1 |
.1,86,104 |
| 4,411,745 |
1 |
0.847 |
44,11,745 |
11.255 |
202730 |
1:1 |
2,02,730 |
| 5,399,940 |
2 |
1.695 |
1,07,99,880 |
27.552 |
248139 |
1:1 |
4,96,278 |
Allocation to QIBs Including ASBA Applications
Allocation to QIBs has been finalized on a proportionate basis in consultation with BSE.
As per the SEBI regulations, Mutual Funds were to be initially are allocated 5% of the
quantum of equity shares available i.e. 2,25,000 Equity Shares. However, there were no
applications from Mutual Funds. The category was subscribed to the extent of 0.67 times
and the total number of successful applicants are 4.The unsubscribed portion
of this category is spill over to retail category (10,52,950 Equity Shares) and non-
institutional category (4,51,265 Equity Shares) in the ratio of 70:30 respectively.
| Category |
FIIs |
Banks |
MFS |
Totat |
| No. of Equity Shares allocated |
2,995,785 |
NIL |
NIL |
2,995,785 |
The IPO Committee of the Company at its meeting held on October 12,2010 has approved
the Basis of Allocation of equity shares of the issue and has alloted the shares various
successful applicants.
The CAN-cum-Refund Orders along with allotment advice and notices have been dispatched
to the address of the bidders as registered with the depositories on or prior to October
13,2010. Further, the instructions to Self Certified Syndicate Banks ('SCSBs')
have been dispatched on or prior to October 13,2010. In case the same is not received
within 10 days, investors may contact at the address given below. The Refund Order have
been overprinted with the Bank mandate details as registered, if any, with the
Depositories. The equity 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 BSE and NSE on 14th October, 2010.
INVESTORS PLEASE NOTE
The details of the allocation made would be hosted on the website of Registrars to the
Issue, Mondkar Computers Private Limited at http://www.mondkarcomputers.com
All future correspondence may kindly be addressed to the Registrar to the Issue quoting
full name of the First/ Sole applicant, Serial No. of the Bid cum Application Form, number
of equity 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:
REGISTRAR TO THE ISSUE: Mondkar Computers Private Limited, 21, Shakil
Niwas.Opp.Satya Sai Baba Temple, Mahakali Caves Road, Andheri East Mumbai-400093. Tel: +91
22 2820 7203-05,2825 7641 Fax: +91 22 2820 7207, Email: bedmutha_ipo@mondkarcomputers.com
Contact Person: Mr. RavindraUtekar
|
Zerodha (Trading Account)
RHP
