UCO BANK
Constituted under the Banking Companies (Acquisition & Transfer of
Undertakings) Act, 1970
Head Office: 10, B.T.M. Sarani, Kolkata-700 001. Tel no.: (033)
22343600/22343661, Fax no.: (033) 22254538
E-mail: hoipo.calcutta@ucobank.co.in,Web site: www.ucobank.com
PUBLIC ISSUE OF 20,00,00,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT
PREMIUM OF RS. 2 PER SHARE (I.E., A PRICE OF RS. 12 PER SHARE) AGGREGATING TO RS. 240
CRORES.
BASIS OF ALLOTMENT
The Board of Directors of the UCO Bank ("Bank") thank the investing public
for their encouraging response to the Public Issue Offer of Equity Shares of the Bank
which opened for subscription on Septmeber 3rd 2003 and closed on September 10th 2003. The
bank has received 10,01,084 valid applications for a total of 340,76,32,300 shares
resulting in oversubscription of 17.04 times. The Basis of Allotment was
finalised on October 1st 2003 in consultation with the Nations Stock Exchange of India
Limited and the Board of Directors have allotted the shares at their meeting held on
October 1st 2003 as per details given below:
| HIGHLIGHTS |
- No. of times subscribed Overall : 17.04 times
|
- No. of Applications in Retail
Category for 90,000,600 shares : 9,65,881
- No. of Applications in
Non-Retail Category for
89,999,400 Shares
:
22,904
- No. of Employees Application : 12,299
- No. of Successful Allottees
: 6,38,317
|
Public
Category
-Retail
:
11.87 times
-Non Retail
:
25.70 times
Employees
:
1.34 times |
- Total No. of Valid Applications : 10,01,084
|
|
| There are 31.92 allottees for every lakh of capital offered
through the Public Issue. |
a)Permanent and Regular Employees of the Bank
The Bank has received 12,299 valid applications for 2,67,02,500 Equity Shares
as against a Reservation of 2,00,00,000 Equity Shares resulting in subscription of 1.34
times. Allotments have been made to all applicants in this category, in proportion to the
inverse of the subscription ratio, rounded off to the nearest marketable lot of 100 shares
and the number of shares allotted is 2,00,00,000. Details of category-wise allotment made
are:
| Category |
No. of Shares allotted to each allottee |
Ratio |
| 200 |
100 |
Firm |
| 300 |
200 |
Firm |
| 400 |
300 |
Firm |
| 500 |
400 |
Firm |
| 600 |
400 |
Firm |
| 700 |
500 |
Firm |
| 800 |
600 |
Firm |
| 900 |
700 |
Firm |
| 1,000 |
700 |
Firm |
| |
100* |
18.29 |
* Allotment of additional shares in the category of 1000 shares has been made on the
basis of draw of lots.
b)Net Offer to Indian Public
Net offer of 18,00,00,000 Equity shares was made to Indian Public. The Bank
has received 988,785 valid applications for a total of 338,09,29,800 equity shares, as
against 18,00,00,000 equity shares in the net offer to Indian Public and the number of
equity shares allotted is 18,00,00,000.
i)Retail Category (upto Rs.50,000)
The Bank has received 9,65,881 valid application for a total of 106,81,48,800 Equity
Shares resulting in 11.87 times oversubscription in the category. Allotments have
been made to the applicants in proportion to the inverse of the subscription ratio,
rounded off to the nearest marketable lot of 100 shares and the number of shares allotted
is 90,000,600. Allotment of Shares upto the category of 1100 shares have been made on the
basis of draw of lots.
Details of allotment made under this category are:
| Category |
No. of shares allotted to each allottee |
Ratio |
| 200 |
100 |
1:4 |
| 300 |
100 |
3:10 |
| 400 |
100 |
5:14 |
| 500 |
100 |
3:7 |
| 600 |
100 |
7:13 |
| 700 |
100 |
2:3 |
| 800 |
100 |
5:7 |
| 900 |
100 |
9:11 |
| 1,000 |
100 |
11:13 |
| 1,100 |
100 |
13:14 |
| 1,200 |
100 |
Firm |
| 1,800 |
200 |
Firm |
| 3,000 |
300 |
Firm |
| 4,100 |
300 |
Firm |
ii)Non-retail Category- Individuals above Rs.50,000/-, Corporate & Others
The Bank has received 22,904 valid application for a total of 2,312,781,000 Equity Shares
resulting in oversubscription of 25.70 times. Allotments have been made to the applicants
in proportion to the inverse of the subscription ratio, rounded off to the nearest
marketable lot of 100 shares and the number of shares allotted is 89,999,400. Allotment of
Shares upto the category of 2200 shares have been made on the basis of draw of lots.
Details of allotment made under this category are:
| Category |
No. of Shares Allocated |
Ratio |
| 1,100 |
100 |
3:7 |
| 2,000 |
100 |
1:2 |
| 2,500 |
100 |
Firm |
| 3,900 |
200 |
Firm |
| 6,500 |
300 |
Firm |
| 9,000 |
400 |
Firm |
| 20,000 |
800 |
Firm |
| 2,00,000 |
7,800 |
Firm |
| 50,00,000 |
1,94,600 |
Firm |
| 1,00,00,000 |
3,89,100 |
Firm |
| 2,00,00,000 |
7,78,300 |
Firm |
| 5,00,00,000 |
19,21,600 |
Firm |
| 6,70,00,000 |
25,75,100 |
Firm |
The break up of applications in respect of "Net offer of Indian Public"
& "Employees" and allotments made in terms of various modes of Payment, is
as under :-
| Mode of Payment |
Applied |
|
Allotted |
| |
No. of
Applications |
No. of
shares |
% age |
No. of Applications |
No. of shares |
% age |
| Indian Public Cash/Cheque/DD |
10,25,518 |
339,39,73,331 |
99.13 |
6,21,333 |
17,84,01,100 |
99.11 |
| Stockinvest |
6,125 |
2,97,67,660 |
0.87 |
4,685 |
15,98,900 |
0.89 |
| Total |
10,31,643 |
342,37,40,991 |
100.00 |
6,26,018 |
18,00,00,000 |
100.00 |
| Employees Cash/Cheque/DD |
12,255 |
2,66,04,200 |
99.47 |
12,251 |
1,99,20,500 |
99.60 |
| Stockinvest |
51 |
1,42,900 |
0.53 |
48 |
79,500 |
0.40 |
| Total |
12,306 |
2,67,47,100 |
100.00 |
12,299 |
2,00,00,000 |
100.00 |
Share certificates / Refund orders / Cancelled stock invests, wherever applicable, have
already been despatched by October 6th 2003 and in case of shares in the electonic form,
the beneficiary account of allottees with CDSL / NSDL has been credited by October 6th
2003.
UCO Bank has submitted listing applications to National Stock Exchange and Bombay Stock
Exchange on October 1st 2003 and listing application to Calcutta Stock Exchange is being
submitted.
Applicants may access www.karvy.com for ascertaining
online status of the applications lodged by them.
All future correspondence in this respect should be addressed to the Registrar to the
issue quoting Full Name of the first applicant, Serial no. of the application form, No. of
Shares applied for, and Name of the Bank Branch where the application was
lodged, at the following address:-
KARVY CONSULTANTS LIMITED
Karvy House, 46, Avenue IV, Street No. 1
Banjara Hills, Hyderabad-500 034
Tel No. (040) 2331 2454 ; Fax No. (040) 2331 1968
e-mail : ucobank@karvy.com
Place : Kolkata
Date : October 7th, 2003
|
For UCO BANK
Sd/-
V.P.Shetty
Chairman & Managing Director |
|