LUMAX
AUTO TECHNOLOGIES LIMITED
(The Company was originally incorporated as Lumax Auto-Electricals
Private Limited on October 30, 1981 under the Companies Act, 1956 with Registration
No.U31909MH1981PLC025519.The name of the company was changed to Dhanesh Auto Electricals
Private Limited on November 02, 1988. Subsequently, it was converted into public limited
company as "Dhanesh Auto Electricals Limited" and the Registrar of Companies,
Pune, Maharastra had issued a fresh certificate of incorporation on May 30, 2002.There
after the name of the Company was changed to Lumax Auto Technologies Limited on August 02,
2006)
Registered Office B Corporate Office: W-230, 'S' Block, M.I.D.C. Bhosari,
Puns - 411026.
Tel.: +91-20-27128074, 27122305, Fax: +91-20-27121871, Website:
www.lumaxautotech.com,
Contact Person: Mr. P.S. Chandrasekar, Compliance Officer & Company
Secretary, Email: info@lumaxautotech.com
BASISOF ALLOTMENT
PUBLIC ISSUE OF 30,12,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT A ISSUE
PRICE OF Rs.75/- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING TO Rs. 2259.00
LAKHS.THE FACE VALUE OF THE EQUITY SHARES IS Rs.10/- PER EQUITY SHARE AND THE ISSUE PRICE
IS 7.5 TIMES OF THE FACE VALUE.THE ISSUE WOULD CONSTITUTE 25.90% OF THE FULLY DILUTED POST
ISSUE PAID UP CAPITAL OF LUMAX AUTO TECHNOLIGIES LIMITED.
The Board of Directors of Lumax Auto Technologies Limited wish to thank the investing
public for their response to the Company's maiden Public Issue which opened for
subscription on Thursday, 14th December, 2006 and closed on Thursday, 21st December, 2006.
The Basis of Allotment was finalised in consultation with Bombay Stock Exchange Limited on
09th January, 2007. The Issue received 13,238 applicatons for 1,00,09,760 equity shares
resulting. in 3.323 times subscription and 30,12,539 equity shares has been allotted due
to rounding off by the Board, at its Meeting held on 09th January, 2007 as mentioned
below. The details of valid applications received in the issue from the Retail and
Non-retail investor categories after rejection and withdrawals are as under:
Category |
No. of Valid
Applications |
% of Applications |
No. of Allotees |
% of toal
Valid applications |
No. of Shares |
No. of Shares
offered |
Subs.Times |
Retail Investor |
13,158 |
99.40 |
9,700 |
73.27 |
44,99,440 |
15,06,000 |
2.99 |
Non Retail Investors |
80 |
0.60 |
80 |
0.60 |
55,10,320 |
15,06,000 |
3.66 |
A. Allocation to Retail Investors
The Basis of Allotment to the Retail investors was finalized in consultation with BSE. The
Company received 13,158 valid applications for 44,99,440 equity shares in this category
resulting in an over subscription of 2.99 times. The total number of shares allotted in
this category is 15,06,539 Equity shares. We have retained 539 excess shares in Retail
category due to rounding off. The category-wise detail of the allotment is as under:
Category |
No.of Total
Appiications |
% of Total |
Total No. Shares
Applied |
% of Total |
Proportional
Allocation |
Ratio of
Allotment |
Total No.of
Shares Allotted |
80 |
3848 |
29.24 |
307840 |
6.84 |
103037 |
27:80 |
103920 |
160 |
2775 |
21.09 |
444000 |
9.87 |
148610 |
39:58 |
149280 |
240 |
1479 |
11.24 |
354960 |
7.89 |
118808 |
1:1 |
118320 |
320 |
775 |
5.89 |
248000 |
5.51 |
83008 |
1:1 |
82925 |
400 |
1141 |
8.67 |
456400 |
10.14 |
152761 |
1:1 |
152894 |
480 |
336 |
2.55 |
161280 |
3.58 |
53982 |
1:1 |
54096 |
560 |
266 |
2.02 |
148960 |
3.31 |
49858 |
1:1 |
49742 |
640 |
1102 |
8.38 |
705280 |
15.67 |
236063 |
1:1 |
235828 |
720 |
101 |
0.77 |
72720 |
1.62 |
24340 |
1:1 |
24341 |
800 |
122 |
0.93 |
97600 |
2.17 |
32668 |
1:1 |
32696 |
880 |
19 |
0.14 |
16720 |
0.37 |
5596 |
1:1 |
5605 |
960 |
55 |
0.42 |
52800 |
1.17 |
17673 |
1:1 |
17655 |
1040 |
50 |
0.38 |
52000 |
1.16 |
17405 |
1:1 |
17400 |
1120 |
17 |
0.13 |
19040 |
0.42 |
6373 |
1:1 |
6375 |
1200 |
129 |
0.98 |
154800 |
3.44 |
51813 |
1:1 |
51858 |
1280 |
943 |
7.17 |
1207040 |
26.83 |
404006 |
1:1 |
403604 |
B. Allocation to Non Retail Investor:
The Basis of Allotment to the Non Institutional Investors was finalized in consultation
with BSE. The Company received 80 valid applications for 55,10,320 equity shares in this
category resulting in an over subscription of 3.66 times. The total number of shares
allotted in this category is 15,06,000 Equity shares. A sample of category-wise details of
the allotment is as under:
Category |
No. of
Applications |
% of Total |
Total No.Shares
Applied |
% of Total |
Proportional
Allocation |
Ratio of
Allotment |
Total No.of
Shares Allotted |
1360 |
4 |
5.00 |
5440 |
0.10 |
1487 |
1.1 |
1488 |
1520 |
1 |
1.25 |
1520 |
0.03 |
415 |
1:1 |
415 |
1680 |
3 |
3.75 |
5040 |
0.09 |
1377 |
1:1 |
1377 |
2000 |
6 |
7.50 |
12000 |
0.22 |
3280 |
1:1 |
3282 |
2560 |
2 |
2.50 |
5120 |
0.09 |
1399 |
1:1 |
1400 |
3040 |
1 |
1.25 |
3040 |
0.06 |
831 |
1:1 |
831 |
4000 |
2 |
2.50 |
8000 |
0.15 |
2186 |
1:1 |
2186 |
5600 |
1 |
1.25 |
5600 |
0.10 |
1531 |
1:1 |
1531 |
6400 |
4 |
5.00 |
25600 |
0.46 |
6997 |
1:1 |
6996 |
7680 |
1 |
1.25 |
7680 |
0.14 |
2099 |
1:1 |
2099 |
8000 |
2 |
2.50 |
16000 |
0.29 |
4373 |
1:1 |
4372 |
10640 |
1 |
1.25 |
10640 |
0.19 |
2908 |
1:1 |
2908 |
13280 |
1 |
1.25 |
13280 |
0.24 |
3629 |
1:1 |
3629 |
16000 |
1 |
1.25 |
16000 |
0.29 |
4373 |
1:1 |
4373 |
24000 |
1 |
1.25 |
24000 |
0.44 |
6559 |
1:1 |
6559 |
33280 |
2 |
2.50 |
66560 |
1.21 |
18191 |
1:1 |
18192 |
40000 |
6 |
7.50 |
240000 |
4.36 |
65593 |
1:1 |
65592 |
53280 |
1 |
1.25 |
53280 |
0.97 |
14562 |
1:1 |
14562 |
60960 |
1 |
1.25 |
60960 |
1.11 |
16661 |
1:1 |
16661 |
136000 |
1 |
1.25 |
136000 |
2.47 |
37170 |
1:1 |
37170 |
166000 |
1 |
1.25 |
166000 |
3.01 |
45369 |
1:1 |
45369 |
266640 |
1 |
1.25 |
266640 |
4.84 |
72874 |
1:1 |
72874 |
340000 |
1 |
1.25 |
340000 |
6.17 |
92924 |
1:1 |
92924 |
The Board of Directors of the Company at its meeting held at B - 86, Mayapuri,
Industrial Area, New Delhi on January 09, 2007 has approved the basis of allocation of
shares of the issue and has allotted the shares to various successful applicants.
The refund orders have been dispatched to the address of the investors as registered
with the depositories. In case the same is not received within 10 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 credited to their beneficiary accounts subject to validations of
the account details with the depositories concerned. The Company is taking steps to get
the equity shares allotted for trading on The Bombay Stock Exchange Limited (BSE) and The
National Stock Exchange India Limited (NSE), within seven working days from the date of
approval of the Basis of allocation.
INVESTOR PLEASE NOTE
This details of the allocation made are being hosted on the website of Registrars
to the Issue, Bigshare Services Private Limited at www.bigshareonline.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 Application
Form, Number of shares applied for, Name of the Broker and Place where the application was
submitted and payment details at the address given below:
Bigshare Services Pvt. Ltd.
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andhed (E), Mumbai - 400 072.
Tel: +91-22-2847 3747, Fax: +91-22-2847 5207
E-mail: bigshare@bom7.vsnl.net.in, Website:
www bigshareonline.com
Date : January 11, 2007
Place: Delhi |
For Lumax Auto Technologies Limited
Sd/-
Dhanesh Kumar Jain
(Chairman & 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 LUMAX AUTO
TECHNOLOGIES LIMTED |