Free Account Opening + AMC Free Demat
Loading...
September 21, 2011 - September 23, 2011

RDB Rasayans IPO Basis of Allotment

RDB RASAYANS LIMITED

GOING TOGETHER GROWING TOGETHER

The Company was incorporated as RDB Rasayans Limited on October 13,1995 under the Companies Act, 1956 as a public limited company by the Registrar of Companies, West Bengal. The Certificate of Commencement of Business was granted to the Company on October 27,1995. Company Incorporation Number (CIN) of the Company is U36999WB1995PLC074860.

Regd. Office: No.1, Ramesh Mitra Road, Kolkata - 700 025; Tel: +91 -33-3256 8223; E-mail: ipo@rdbgroup.in; Website: www.rdbgroup.in
For details of the change in the registered office, please refer section 'History and Certain Corporate Matters' on page 61 of prospectus.
Corporate Office: Room No.9,3rd floor, Bikaner Building, 8/1, Lal Bazar Street, Kolkata-700001; Tel: +91-33-2230 5666; Fax: +91-33-2242 0588
Contact Person: Ms. Sweta Punjabi, Company Secretary & Compliance Officer

PROMOTERS: MR. SUNDER LAL DUGAR, MR. VINOD DUGAR AND MS. SHEETAL DUGAR

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 45,00,000 EQUITY SHARES OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 79 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 69 PER EQUITY SHARE) AGGREGATING Rs. 3555.00 LACS (HEREINAFTER REFERRED TO AS THE 'ISSUE') BY RDB RASAYANS LIMITED ('COMPANY' OR 'ISSUER' OR 'RRL'). THE ISSUE WOULD CONSTITUTE 25.40% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.

BID/ISSUE OPENED ON SEPTEMBER 21,2011 AND CLOSED ON SEPTEMBER 23,2011.

ISSUE PRICE: Rs. 79/- PER EQUITY SHARE FOR ALL CATEGORIES

THE ISSUE PRICE IS 7.9 TIMES OF THE FACE VALUE OF EQUITY SHARES

The Issue is being made through the 100% Book Building Process wherein up to 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers, out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, at least 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Issue 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 received 2791 applications for 6522560 equity shares resulting in 1.4495 times subscription. The details of the applications (including ASBA applications) received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors are as detailed hereunder (before technical rejections):

Sr.No. Category No. of Applications Received No. of Shares Bid for No. of times subscription
A Retail Individual Bidders 2,781 6,016,320 3.8199
B Non Institutional Bidders 10 506,240 0.7500
C Qualified Institutional Bidders NIL NIL NIL
TOTAL 2,791 6,522,560 1.4495

Final Demand
The final demand at different bid prices is as under:

Bid Price No. of Equity Shares % of Total Cumulative Total Cumulative % of Total
72 3600 0.053 6750560 100.000
73 160 0.002 6746960 99.947
74 80 0.001 6746800 99.944
75 160 0.002 6746720 99.943
76 0 0.000 6746560 99.941
77 160 0.002 6746560 99.941
78 80 0.001 6746400 99.938
79 1134880 16.812 6746320 99.937
Cut-off 5611440 83.126 5611440 83.126
Total 6750560 100.000

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being Bombay Stock Exchange Limited ('BSE') on September 29,2011.

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs 79 per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.4531 times, after technical rejections and after considering spill-over from QIB and Non Institutional Investors Category. The total number of shares allotted in Retail Individual Investor category is 4019760 Equity Shares to 2643 successful applicants which includes the spillover of 2250000 unsubscribed equity shares from QIB Category and 194760 unsubscribed equity shares from Non Institutional Investors Category. The category-wise details of the Basis of Allocation are as under:

Category Number of Applications % to Total Total Number of Equity Shares applied % to Total Number of Equity Shares Allocated Ratio Total Number of Equity Shares Allocated
80 109 4.07 8720 0.15 80 11:16 6000
160 21 0.78 3360 0.06 110 FIRM 2310
240 12 0.45 2880 0.05 165 FIRM 1980
320 7 0.26 2240 0.04 220 FIRM 1540
400 8 0.30 3200 0.05 275 FIRM 2200
480 5 0.19 2400 0.04 330 FIRM 1650
560 17 0.64 9520 0.16 385 FIRM 6545
640 17 0.64 10880 0.19 440 FIRM 7480
720 2 0.07 1440 0.02 496 FIRM 992
800 1 0.04 800 0.01 551 FIRM 551
1040 2 0.07 2080 0.04 716 FIRM 1432
1200 253 9.45 303600 5.20 826 FIRM 208978
1280 12 0.45 15360 0.26 881 FIRM 10572
1440 1 0.04 1440 0.02 991 FIRM 991
1520 1 0.04 1520 0.03 1046 FIRM 1046
1600 2 0.07 3200 0.05 1101 FIRM 2202
1760 2 0.07 3520 0.06 1211 FIRM 2422
1920 2 0.07 3840 0.07 1322 FIRM 2644
2000 2 0.07 4000 0.07 1377 FIRM 2754
2080 2 0.07 4160 0.07 1432 FIRM 2864
2400 8 0.30 19200 0.33 1652 FIRM 13216
2480 2191 81.85 5433680 93.03 1706 FIRM 3737846
2480 - - - - 1 12:17 1545

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 79 per Equity Share, was finalized in consultation with BSE. This category has been under subscribed to the extent of 0.7115 times. The total number of equity shares allotted in this category is 480,240 equity shares to 9 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category Number of Applications % to Total Total Number of Shares applied % to Total Number of Shares Allocated Ratio Total Number of Shares Allocated
3680 1 11.11 3680 0.77 3680 FIRM 3680
3760 1 11.11 3760 0.78 3760 FIRM 3760
4000 1 11.11 4000 0.83 4000 FIRM 4000
5040 1 11.11 5040 1.05 5040 FIRM 5040
26000 1 11.11 26000 5.41 26000 FIRM 26000
31600 1 11.11 31600 6.58 31600 FIRM 31600
53200 1 11.11 53200 11.08 53200 FIRM 53200
100000 1 11.11 100000 20.82 100000 FIRM 100000
252960 1 11.11 252960 52.67 252960 FIRM 252960

C. Allocation to QIBs
The Company did not receive any bid from the QIB category. The under subscribed 2250000 equity shares from QIB category have been spilled over to Retail Category.

The Board of Directors of the Company in its Meeting held on September 30,2011, has taken on record the basis of allocation of shares approved by the designated Stock Exchange viz., Bombay Stock Exchange Limited ('BSE'), Mumbai, and has authorized the Corporate Action for the transfer of the shares to various successful applicants.

The Allotment/Refund advice cum NECS/Direct Credit/ NEFT Intimation has 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 Account details as registered, if any, with the depositories. The Equity shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with Bombay Stock Exchange Limited on Monday, October 03,2011. The Equity shares are to be admitted for trading on the Bombay Stock Exchange Limited on Friday, October 7, 2011 subject to receipt of necessary approvals.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at Website: www.linkintime.co.in

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/ASBA form, number of shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details atthe address given below:

LINK INTIME INDIA PRIVATE LIMITED
C-13, Pannalal Silk Mills Compound, L. B. S. Marg, Bhandup (West), Mumbai 400 078
Tel: (91 22) 2596 0320, Fax: (91 22) 2596 0329, Email: rdb.ipo@linkintime.co.in
website: www.linkintime.co.in, Contact Person: Mr. Sachin Achar

Place: Kolkata
Date : October 03,2011
For RDB Rasayans Limited
on behalf of Board of Directors
Sd/-
Managing Director

RDB Rasayans IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in RDB Rasayans IPO .

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

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

In RDB Rasayans IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the RDB Rasayans IPO basis of allotment document to know how the shares are allocated in RDB Rasayans IPO.