| RUCHIRA PAPERS
LIMITED
(Our Company was incorporated as a Public Limited Company on December 8,
1980 and obtained the certificate of commencement of business on July 23, 1981)
Registered Office: Trilokpur Road, Kala-Amb, District Sirmour-173030,
Himachal Pradesh
Tel.: 91-1702-238654, 238537, 238350, Fax:
91-1734-261141
Administrative Office: 21-22, New Professors Colony, Yamuna Nagar 135001,
Haryana
Tel.: 91-1732-233799,233140, Fax: 91-1732-230403
Contact Person/ Compliance Officer: Mr. Vipin Gupta, DGM Finance, E-mail:
lpo@ruchirampapers.com,
Website: www.ruchirapapers.com
BASIS OF ALLOCATION
PUBLIC ISSUE OF 12391304 EQUITY SHARES OF RS. 10 EACH ISSUED FOR CASH AT A
PRICE OF
Rs 23/- AGGREGATING TO Rs. 2850 LACS (HERE IN AFTER REFERRED TO AS "ISSUE"). THE
ISSUE COMPRISES OF PROMOTERS CONTRIBUTION OF 2173913 EQUITY SHARES OF RS.10/- EACH AT
PRICE OF R&23/- EACH AGGREGATING TO RS. 500 LACS AND THE NET OFFER TO THE PUBLIC OF
10217391 EQUITY SHAM AGGREGATING TO RS. 2350 LACS (HEREINAFTER REFERRED TO AS "NET
ISSUE TO PUBLIC"). THE NET ISSUE TO PUBLIC CONSTITUTE 45.57% OF THE FULLY DILUTED
POST ISSUE PAID UP CAPITAL OF OUR COMPANY.
ISSUE PRICE: Rs. 23/- 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 Net Issue to Public received 10989 applications for 25783000 equity shares
resulting in 2.5234 times subscription. The details of the applications received in the
Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors
are asunder (Before technical and multiple relections):
| Category |
No. of Applications |
No. of Shares |
Subscription |
| Retail Bidders |
10937 |
9986750 |
2.7926 |
| Non Institutional Bidders |
38 |
4339750 |
2.8316 |
| Qualified Institutional Bidders |
14 |
11456500 |
2.2425 |
| TOTAL |
10989 |
25783000 |
2.5234 |
Final Demand
The final demand at different bid prices is as under:
| Bid Price |
No. of Shares |
%toTotal |
Cumulative Total |
Cumulative %to total |
| 21 |
214000 |
0.7061 |
30306750 |
100.0000 |
| 22 |
153000 |
0.5048 |
30092750 |
99.2939 |
| 23 |
20954250 . |
69.1405 |
29939750 |
98.7890 |
| Cut-Off |
8985500 |
29.6485 |
8985500 |
29.6485 |
| Total |
30305750 |
|
|
|
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE") on 11"December,2006.
A. Allocation to Retail Investors
The category was over subscribed 2.74154 times. The total number of shares allotted in
this category is 3576087 Equity Shares. 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 |
| 250 |
3756 |
35.21 |
939000 |
9.58 |
250 |
9:25 |
339250 |
| 500 |
2591 |
24.29 |
1295500 |
13.21 |
250 |
11:15 |
475000 |
| 750 |
555 |
5.2 |
416250 |
4.25 |
274 |
FIRM |
152070 |
| 1000 |
1542 |
14.45 |
1542000 |
15.73 |
365 |
FIRM |
562830 |
| 1250 |
227 |
2.13 |
283750 |
2.89 |
456 |
FIRM |
103512 |
| 1500 |
203 |
1.9 |
304500 |
3.11 |
547 |
FIRM |
111041 |
| 1750 |
80 |
0.75 |
140000 |
1.43 |
638 |
FIRM |
51040 |
| 2000 |
889 |
8.33 |
1778000 |
18.14 |
730 |
FIRM |
648970 |
| 2250 |
51 |
0.48 |
114750 |
1.17 |
821 |
FIRM |
41871 |
| 2500 |
103 |
0.97 |
257500 |
2.63 |
911 |
FIRM |
93833 |
| 2750 |
7 |
0.07 |
19250 |
0.2 |
1002 |
FIRM |
7014 |
| 3000 |
50 |
0.47 |
150000 |
1.53 |
1094 |
FIRM |
54700 |
| 3250 |
10 |
0.09 |
32500 |
0.33 |
1186 |
FIRM |
11860 |
| 3500 |
18 |
0.17 |
63000 |
0.64 |
1277 |
FIRM |
22986 |
| 3750 |
4 |
0.04 |
15000 |
0.15 |
1368 |
FIRM |
5472 |
| 4000 |
82 |
0.77 |
328000 |
3.35 |
1459 |
FIRM |
119638 |
| 4250 |
500 |
4.69 |
2125000 |
21.67 |
1550 |
FIRM |
775000 |
B. Allocation to Non Institutional Investors
The category was subscribed 2.81856 times. The total number of shares allotted in
this category is 1532609 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 |
| 4750 |
1 |
2.86 |
4750 |
0.11 |
1685 |
FIRM |
1685 |
| 10000 |
3 |
8.57 |
30000 |
0.69 |
3548 |
FIRM |
10644 |
| 25000 |
2 |
5.71 |
50000 |
1.16 |
8870 |
FIRM |
17740 |
| 100000 |
3 |
8.57 |
300000 |
6.94 |
35479 |
FIRM |
106437 |
| 130250 |
1 |
2.86 |
130250 |
3.02 |
46212 |
FIRM |
46212 |
| 200000 |
1 |
2.86 |
200000 |
4.63 |
70958 |
FIRM |
70958 |
| 380000 |
1 |
2.86 |
380000 |
8.8 |
134821 |
FIRM |
134821 |
| 410000 |
1 |
2.86 |
410000 |
9.49 |
145464 |
FIRM |
145464 |
| 430000 |
1 |
2.86 |
430000 |
9.95 |
152560 |
FIRM |
152560 |
| 1000000 |
1 |
2.86 |
1000000 |
23.15 |
354789 |
FIRM |
354789 |
C. Allocation to QIBS
Allocation to QIBs has been done on a proportionate basis. As per the SEBI guidelines,
Mutual Funds were initially allotted 5% of the quantum of shares available (255435) and
other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available
shares (4853260) on proportionate basis. Mutual Funds were allotted 15.0043% for QIB
segment and other QIB applicants were allotted 84.9960% of the shares for QIB segment
| Category |
FIs/Banks |
MFs |
Flls |
Insurance companies |
VCs |
Total |
| No.of Shares |
4342171 |
766524 |
- |
- |
- |
5108695 |
The Board of Directors of the company at its Meeting held at Registered Office of the
Company at Kala-Amb, Himachal Pradesh on 12th December 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 intimation regarding refund through
electronic modes (ECS, RTGS, NEFT or Direct Credit) has been dispatched to the address of
the investors as registered with the depositories on December 12, 2006. 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 Bombay Stock Exchange Limited and National Stack 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 Registrar to
the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence in this regard may kindly be addressed to the Registrar 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:
INTIME SPECTRUM REGISTRY LIMITED
Unit: Ruchira Papers Limited
C-13, Pannalal Silk Mills Compound,
L. B.S. Marg, Bhandup (West) Mumbai-400 078 Tel.: (9122) 2596 0320 - 28 Fax. No.: (9122)
2596 032
Email: rplipo@inbmespectrum.com
Place: Kala-Amb, Himachal Pradesh
Date: 14th December, 2006 |
For Ruchira Papers Limited
Sd/-
Umesh Chander Garg
Managing Director |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE
MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF RUCHIRA PAPERS
LIMITED. |