| Basis of Allotment |
| ORIENTAL
TRIMEX LIMITED Registered Office: 708,7th Floor, Padma Tower-1,5 Rajindra Place, New Delhi 110008 Phone No.: +91 11 41536970, Fax No.: +91 11 25816910; E-mail: ipo@orientaltrimex.com Corporate Office: 26/25, IInd Floor, Bazar Marg, Old Rajinder Nagar, New Delhi-110060. Phono No.: + 91 11 25769567/68 Fax No.: + 91 11 25752007 Contact Perton: Mr. Hari Singh Bisht, General Manager (Corporate Affairs) and Company Secretary Website: www.orientaltrimex.com (Originally incorporated as Oriental Trimex Private Limited on April 22,1996 under the Companies Act, 1956 and converted to Public Limited Company on February 6,2001. The Registered office of the Company was changed from 26/25 Bazaar Marg, Old Rajinder Nagar, New Delhi -110060 to 708, 7th Floor, Padma Tower-1, 5 Rajindra Place, New Delhi-110008 w.e.f. April 1,2006) BASIS OF ALLOCATION PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING TO RS. 4,800 LAKHS (THE ISSUE'). THE ISSUE COMPRISES OF PROMOTERS CONTRIBUTION OF 6,00,000 EQUITY SHARES AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING RS. 288 LAKHS. THE NET ISSUE TO PUBLIC IS OF 94,00,000 EQUITY SHARES AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING TO RS. 4,512 LAKHS. THE ISSUE WOULD CONSTITUTE 64.50 % OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY CAPITAL OF THE COMPANY. THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH FOR CASH AT A PRICE OF RS.48/- EACH AND THE ISSUE PRICE IS 4.8 TIMES OF THE FACE VALUE. The Issue is being made through the 100% Book Building Process wherein upto 50% of the Net Issue shall be available for allocation to QIBs, but at least 10% of the Issue size shall be mandatorily allotted to QIBs on a proportionate basis failing which the full subscription monies shall be refunded. Out of QIB portion, 5% shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue will 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 opened for subscription on Thursday, February 8, 2007 and closed on Wednesday, February 14,2007. The Issue has received 8788 applications for 8882125 Equity Shares resulting in 0.95 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investor categories are as under (Before technical and multiple rejections):
Final Demand
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on February 26,2007. A. Allocation to Retail Investors
B.Allocation to Non Institutional Investors
C. Allocation to QIBs As per SEBI guidelines, Mutual Funds were to be initially allocated 5% of the quantum of shares available(i.e. 235000 Equity Shares) but, as there were no Mutual Funds applicants the reserved portion for Mutual Funds was added back to the QIB category. The category was subscribed 0.31 times. The total number of shares allocated in this category is 1467625 Equity Shares.
The Board of Directors of the Company at its Meeting held at D-3, Site-V, Surajpur Industrial Area, Greater Noida, UP on February 27, 2007 has approved the basis of allocation of shares and allocated the shares to various successful applicants.The Physical refund warrant, information regarding refund through electronic modes (ECS, RTGS, NEFT or Direct Credit) and allotment advise have been dispatched to the address of the investors as registered with the depositories on February 28,2007. In case the same is not received within ten days, investors may contact Registrar to the Issue at the address given below. 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 on February 28,2007. The Listing Application has been filed with Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) on February 28,2007 and the Company is taking steps to get the Eq uity Shares admitted for trading on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) within seven working days of finalization of the Basis of Allocation. INVESTORS PLEASE NOTE This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration underthe US Securities Act of 1933.
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 ORIENTAL TRIMEX LIMITED. |
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