| Blue
Bird (India) Limited
(Our Company was originally incorporated as Anil Apporv Printers &
Manufacturers Private Limited on July 23, 1999. We subsequently changed the name of our
Company to Blue Bird (India) Private Limited and later on to Blue Bird (India) Limited
pursuant to a resolutlon of the shareholders passed at an extraordinary general meeting on
February 19, 2005.The fresh certificate of incorporation consequent on change of name was
granted to our Company on March 2, 2005 and subsequently again on March 4, 2005 by to
Registrar of Companies, Maharashtra at Pune. See "History and Corporate
Structure" on page 64 of the Red Herring Prospectus for further details).
Registered Office and Corporate Office: 759/74, Prabhat Road, Deccan
Gymkhana, Pune- 411 004
Tel: (91 20) 2567 6163; Fax: (91 20) 25676164; Email:
bluebird@bluebirdpune.com;
Website: www. bluebirdpune.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 8,775,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF
Rs 105/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 95/- PER EQUITY SHARE
AGGREGATING Rs. 921.38 MILLION ("THE ISSUE") BY BLUE BIRD (INDIA) LIMITED
("THE COMPANY" OR "THE ISSUER"). THE ISSUE WOULD CONSTITUTE 25.07% OF
THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE: Rs. 105 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH.
The Issue made through the 100% Book Building Process where up to 50% of the net issue
to the 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 the public
shall be available for allocation on a proportionate basis to Non-Institutional Bidders
and not less than 35% of the net issue to the public 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 27,660 applications for 42,268,240 equity shares resulting in 4.82
times subscription. The details of the applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional, Retail Individual Investors and categories are as
under (Before technical and multiple rejections):
| Category |
No. of
Applications |
No. of Shares |
Subscription |
| Retail Bidders |
27,523 |
8,910,100 |
7.32 |
| Non Institutional Bidders |
116 |
1,262,640 |
0.96 |
| Qualified Institutional Bidders |
21 |
32,095,500 |
2.90 |
| TOTAL |
27,660 |
42,268,240 |
4.82 |
Final Demand
The final demand at different bid prices is as under:
| Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative
% to total |
| 90 |
449,400 |
0.963 |
46,659,000 |
100.00 |
| 91 |
1,260 |
0.0027 |
46,209,600 |
99.04 |
| 92 |
53,220 |
0.1141 |
46,208,340 |
99.03 |
| 93 |
360 |
0.0008 |
46,155,120 |
98.92 |
| 94 |
1,200 |
0.0026 |
46,154,760 |
98.91 |
| 95 |
930,420 |
1.9941 |
46,153,560 |
98.92 |
| 96 |
2,880 |
0.0062 |
45,223,140 |
96.92 |
| 97 |
24,060 |
0.0516 |
45,220,260 |
96.92 |
| 98 |
95,700 |
0.2051 |
45,196,200 |
96.86 |
| 99 |
600 |
0.0013 |
45,100,500 |
96.66 |
| 100 |
1,004,880 |
2.1537 |
45,099,900 |
96.66 |
| 101 |
2,700 |
0.0058 |
44,095,020 |
94.50 |
| 102 |
540 |
0.0012 |
44,092,320 |
94.50 |
| 103 |
1,680 |
0.0036 |
44,091,780 |
94.50 |
| 104 |
23,760 |
0.0509 |
44,090,100 |
94.49 |
| 105 |
35,560,680 |
76.2140 |
44,066,340 |
94.44 |
| CUT OFF |
8,505,660 |
18.2294 |
8,505,660 |
18.23 |
| TOTAL |
46,659,000 |
|
|
|
The Basis of Allocation was finalized in consultation with the National Stock Exchange
of India Limited ("NSE") on December 5, 2006.
A. Allocation to Retail Investors
The Basis of Ailocation to the Retail Investors, who have bid at cut-off or at and above
the Issue Price of Rs. 105/- per Equity, Share, was finalized in consultation with NSE.
The category was over subscribed 2.77 times. The total number of sham allotted in this
category is 3,163,440 Equity Shares (Including 92,190 Shares spill over from Non
Institutional Investors Category). The category-wise details of the Basis of Allocation
are as under:
| Category |
No. of
Applns. |
% to
total |
Total No.
of Shares
applied |
% to
total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
| 60 |
6,102 |
22.75 |
366,120 |
4.18 |
60 |
9:25 |
131,520 |
| 120 |
4,881 |
18.2 |
585,720 |
6.69 |
60 |
3:4 |
219,300 |
| 180 |
2,469 |
9.2 |
444,420 |
5.08 |
65 |
FIRM |
160,485 |
| 240 |
1,731 |
6.45 |
415,440 |
4.75 |
86 |
FIRM |
148,866 |
| 300 |
1,540 |
5.74 |
462,000 |
5.28 |
108 |
FIRM |
166,320 |
| 360 |
660 |
2.46 |
237,600 |
2.71 |
130 |
FIRM |
85,800 |
| 420 |
3,726 |
13.89 |
1,564,920 |
17.88 |
151 |
FIRM |
562,626 |
| 480 |
606 |
2.26 |
290,880 |
3.32 |
173 |
FIRM |
104,838 |
| 540 |
173 |
0.64 |
93,420 |
1.07 |
195 |
FIRM |
33,735 |
| 600 |
357 |
1.33 |
214,200 |
2.45 |
216 |
FIRM |
77,112 |
| 660 |
58 |
0.22 |
38,280 |
0.44 |
238 |
FIRM/32:58 * |
13,836 |
| 720 |
93 |
0.35 |
66,960 |
0.76 |
260 |
FIRM |
24,180 |
| 780 |
57 |
0.21 |
44.460 |
0.51 |
281 |
FIRM |
16.017 |
| 840 |
110 |
0.41 |
92,400 |
1.06 |
303 |
FIRM |
33,330 |
| 900 |
4,263 |
15.89 |
3,836,700 |
43.83 |
325 |
FIRM |
1,385,475 |
*32 Share were additionally allotted in this category in the Ratio of 32: 58 for
Fractional Adjustment.
B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional, who have bid at and above the Issue
Price of Rs.105/- per Equity Share, was finalized in consultation with the NSE. The
category was subscribed 0.93 times. The unsubscribed portion of 92,190 Shares have been
added to the Retail Category. The total number of shares allotted in this category is
1,224,060 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are
as under:
| Category |
No. of
Applns. |
% to
total |
Total No.
of Shares
applied |
% to
total |
No. of
Shares
allocated |
Ratio |
Total No.
of Shares
allocated |
| 960 |
23 |
21.3 |
22,080 |
1.8 |
960 |
FIRM |
22,080 |
| 1500 |
1 |
0.93 |
1,500 |
0.12 |
1,500 |
FIRM |
1,500 |
| 1740 |
3 |
2.78 |
5,220 |
0.43 |
1,740 |
FIRM |
5,220 |
| 2040 |
1 |
0.93 |
2,040 |
0.17 |
2040 |
FIRM |
2,040 |
| 3000 |
1 |
0.93 |
3,000 |
0.25 |
3,000 |
FIRM |
3,000 |
| 5040 |
1 |
0.93 |
5,040 |
0.41 |
5,040 |
FIRM |
5,040 |
| 10020 |
2 |
1.85 |
20,040 |
1.64 |
10,020 |
FIRM |
20,040 |
| 25020 |
2 |
1.85 |
50,040 |
4.09 |
25 020 |
FIRM |
50,040 |
| 50040 |
1 |
0.93 |
50,040 |
4.09 |
50,040 |
FIRM |
50 040 |
| 96000 |
1 |
0.93 |
96,000 |
7.84 |
96,000 |
FIRM |
96,000 |
C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with the
National Stock Exchange of India Limited. As per the SEBI guidelines, Mutual Funds were
initially allotted 5% of the quantum of shares available (219,375) and other QIBs and
unsatisfied demands of Mutual Funds were allotted the remaining available shares
(4,168,125) on proportionate basis. The sectoral cap and other limits applicable to the
holding of shares in the Company have been taken into account while allotting shares.
Mutual Funds were allotted 29.99% for QIB segment and other QIB applicants were allotted
70.01% of the shares for QIB segment.
| Category |
Fls/Banks |
MFs |
Flls |
Insurance Companies |
VCs |
Total |
| No.of Shares |
99,224 |
1,315,999. |
2,621,720 |
350,557 |
- |
4,387,500 |
The Board of Directors of the Company at its Meeting held at Pune on December 6, 2006,
has approved the basis of allocation of shares of the Issue and has allotted the shares to
various successful applicants.
The Refund Orders and allotment advice and notice 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 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 k 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, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence In this regard may kindly be addressed to the Registrars to
the issue quoting the 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 the place where the bid was submitted and payment details at the address given below:
INTIME SPECTRUM REGISTRY LIMITED
Unit: Blue Bird (India) Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbal-400 078.
Tel. No.: (91 22) 2596 0320 - 28; Fax. No.: (91 22) 2596 0329
Place: Pune
Date : December 6, 2006 |
For Blue Bird (India) Limited
Sd/-
Chairman and Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF BLUE BIRD
(INDIA) LIMITED. |