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PARABOLIC DRUGS LIMITED
Our Company was incorporated on February 22,1996 under the Companies
Act, 1956, with the Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. For
details of change in our Registered Office, see "History and Certain Corporate
Matters" on page 129 of the Prospectus. Registered Office: S.C.O. 99-100,
Top Floor, Sector 17-B, Chandigarh 160 017, India. Tel: + (91 172) 391 4646; Fax;
+ (91 172) 391 4645. There has been no change in the name of our Company since
incorporation.
Company Secretary and Compliance Officer: Mr. Anil Kumar Email: pdl.ipo@parabolicdrugs.com; Website: www.parabolicdrugs.com
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 2,66,66,667 EQUITY SHARES OF FACE VALUE RS. 10 EACH (THE "EQUITY
SHARES") OF PARABOLIC DRUGS LIMITED ("OUR COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 75 PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS. 65 PER EQUITY SHARE) AGGREGATING TO RS. 200,00,00,025 (THE
"ISSUE"). THE ISSUE COMPRISES A NET ISSUE OF 2,61,66,667 EQUITY SHARES (THE
"NET ISSUE") AND A RESERVATION OF 5,00,000 EQUITY SHARES FOR SUBSCRIPTION BY
ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE COMPRISES A
FRESH ISSUE OF 2,46,40,965 EQUITY SHARES BY OUR COMPANY (THE "FRESH ISSUE") AND
AN OFFER FOR SALE OF 20,25,702 EQUITY SHARES ("OFFER FOR SALE") BY BTS
"INDIA PRIVATE EQUITY FUND LIMITED AND ALDEN GLOBAL (MAURITIUS) LIMITED (TOGETHER,
THE "SELLING SHAREHOLDERS"). THE ISSUE CONSTITUTED 43.09% OF THE FULLY DILUTED
POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
| BID OPENED ON |
FOR ALL BIDDERS JUNE 14, 2010 |
| BID CLOSED ON |
FOR QIB BIDDERS JUNE 16, 2010 |
FOR RETAIL AND NON-INSTITUTIONAL BIDDERS
(INCLUDING ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION) JUNE 17, 2010 |
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange
Limited ("BSE") and the National Stock Exchange of India Limited
("NSE") and the trading is expected to commence on July 1,2010.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-.
THE ISSUE PRICE PER EQUITY SHARE IS RS. 75/- AND IT IS 7.5 TIMES THE FACE VALUE.
The Issue was made through the book building process (the "Book Building
Process") wherein up to 50% of the Net Issue was available for allocation on a
proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB
Portion"). Further 5% of the QIB Portion was available for allocation on a
proportionate basis to Mutual Funds only. The remainder was available for allocation 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 was
available for allocation on a proportionate basis to Non-Institutional Bidders and not
less than 35% of the Net Issue was available for allocation on a proportionate basis to
Retail Individual Bidders, subject to valid Bids being received at or above the Issue
Price. Further, 5,00,000 Equity Shares was made available for allocation on a
proportionate basis to the Eligible Employees, subject to valid Bids being received at or
above the Issue Price. The Issue received 12,111 applications (after cheque return cases)
for 27,436,880 equity shares resulting in 1.029 times subscription. The details of the
applications received in the Issue from Qualified Institutional Buyers, Non-Institutional,
Retail Individual Investor and Employee categories are as under: (Before technical
rejections)
| Category |
No. of Applications |
No. of Shares |
No. of times Subscription |
| Qualified Institutional Buyers |
22 |
19,343,600 |
1.4785 |
| Non Institutional Investors |
27 |
4,655,600 |
1.1861 |
| Retail Individual Investors |
11,980 |
3,387,200. |
0.3698 |
| Employee |
82 |
50,480 |
0.1010 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at
different bid prices is as under:
| Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
| 75 |
9,865,360 |
34.00844 |
29,008,560 |
100.0000 |
| 76 |
880 |
0.003034 |
19,143,200 |
65.99156 |
| 77 |
800 |
0.002758 |
19,142,320 |
65.98852 |
| 78 |
1840 |
0.006343 |
19,141,520 |
65.98576 |
| 79 |
15,040 |
0.051847 |
19,139,680 |
65.97942 |
| 80 |
16,160 |
0.055708 |
19,124,640 |
65.92757 |
| 81 |
800 |
0.002758 |
19,108,480 |
65.87187 |
| 82 |
400 |
0.001379 |
19,107,680 |
65.86911 |
| 83 |
80 |
0.000276 |
19,107,280 |
65.86773 |
| 84 |
320 |
0.001103 |
19,107,200 |
65.86745 |
| 85 |
15,847,040 |
54.62884 |
19,106,880 |
65.86635 |
| CUTOFF |
3,259,840 |
11.23751 |
3,259,840 |
11.23751 |
| TOTAL |
29,008,560 |
100.00% |
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The Basis of Allocation was finalized in consultation with the Designated Stock
Exchange, being the Bombay Stock Exchange Limited ("BSE") on June 25,2010
A. Allocation to Employee Investors (After Technical Rejections) includes ASBA
Applications
The Basis of Allocation to the Employee Investors, who have bid at cut off and the
Issue Price of Rs. 757- per Equity Share, was finalized in consultation with BSE. The
category was subscribed 0.0995 times. As per the Prospectus, the spill over portion to the
extent of 450,240 equity shares has been added to Retail Category (157,584 Equity Shares),
Non Institutional Investof Category (67,536 Equity Shares) and QIB Category (225,120
Equity Shares).The total number of shares allotted in this category is 49,760 Equity
Shares to 81 successful applicants. 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
allotted per applicant |
Ratio |
Total No.
of Shares allotted |
| 80 |
3 |
3.70 |
240 |
0.48 |
80 |
1:1 |
240 |
| 160 |
6 |
7.41 |
960 |
1.93 |
160 |
1:1 |
960 |
| 240 |
7 |
8.64 |
1,680 |
3.38 |
240 |
1:1 |
1,680 |
| 320 |
5 |
6.17 |
1,600 |
3.22 |
320 |
1:1 |
1,600 |
| 400 |
4 |
4.94 |
1,600 |
3.22 |
400 |
1:1 |
1,600 |
| 480 |
21 |
25.93 |
10,080 |
20.26 |
480 |
1:1 |
10,080 |
| 640 |
2 |
2.47 |
1,280 |
2.57 |
640 |
1:1 |
1,280 |
| 720 |
11 |
13.58 |
7,920 |
15.92 |
720 |
1:1 |
7,920 |
|
1 |
1.23 |
880 |
1.77 |
880 |
1:1 |
880 |
|
21 |
25.93 |
23,520 |
47.27 |
.1120 |
1:1 |
23,520 |
B. Allocation to Retail Individual Investors (After Technical
Rejections) includes ASBA Applications
The Basis of Allocation to the Retail Individual Investors, who have bid at cut off and
the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The
category was subscribed 0.356 times. As per the Prospectus, the spill over portion to the
extent of 60,03,758 equity shares has been added to Non Institutional Investor Category
(1,385,483 Equity Shares), and QIB Category (4,618,275 Equity Shares). The total number of
shares allotted in this category is 3,312,160 Equity Shares to 11,663 successful
applicants including spill over from Employee Category (157,584 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
allotted per
applicant |
Ratio |
Total No. of
Shares allotted |
| 80 |
5129 |
43.98 |
410,320 |
12.39 |
80 |
1:1 |
410,320 |
| 160 |
2410 |
20.66 |
385,600 |
11.64 |
160 |
1:1 |
385,600 |
| 240 |
858 |
7.36 |
205,920 |
6.22 |
240 |
1:1 |
205,920 |
| 320 |
632 |
5.42 |
202,240 |
6.11 |
320 |
1:1 |
202,240 |
| 400 |
598 |
5.13 |
239,200 |
7.22 |
400 |
1:1 |
239,200 |
| 480 |
175 |
1.50 |
84,000 |
2.54 |
480 |
1:1 |
84,000 |
| 560 |
312 |
2.68 |
174,720 |
5.28 |
560 |
1:1 |
174,720 |
| 640 |
149 |
1.28 |
95,360 |
2.88 |
640 |
1:1 |
95,360 |
720 |
23 |
0.20 |
16,560 |
0.50 |
720 |
1:1 |
16,560 |
| 800 |
134 |
1.15 |
107,200 |
3.24 |
800 |
1:1 |
107,200 |
| 880 |
21 |
0.18 |
18,480 |
0.56 |
880 |
1:1 |
18,480 |
| 960 |
30 |
0.26 |
28,800 |
0.87 |
960 |
1:1 |
28,800 |
| 1040 |
19 |
0.16 |
19,760 |
0.60 |
1040 |
1:1 |
19,760 |
| 1120 |
1101 |
9.44 |
1,233,120 |
37.23 |
1120 |
1:1 |
1,233,120 |
| 1200 |
16 |
0.14 |
19,200 |
0.58 |
1200 |
1:1 |
19200 |
| 1280 |
56 |
0.48 |
71,680 |
2.16 |
1280 |
1:1 |
71680 |
C. Allocation to Non Institutional Investors (After Technical Rejections) includes
ASBA Applications
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue
Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The category
was subscribed 0.864 times. As per the Prospectus, the spill over portion to the extent of
732,659 equity shares has been added to QIB Category (732,659 Equity Shares). The total
number of shares allotted in this category is 4,645,360 Equity Shares to 24 successful
applicants including spill over from Employee Category (67,536 Equity Shares) and Retail
Category (1,385,483 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
allotted per applicant |
Ratio |
Total No. of
Shares allotted |
| 1200 |
1 |
4.17 |
1,200 |
0.03 |
1,200 |
1:1 |
1,200 |
| 2000 |
1 |
4.17 |
2,000 |
0.04 |
2,000 |
1:1 |
2,000 |
| 2400 |
2 |
8.33 |
4,800 |
0.10. |
2,400 |
1:1 |
4,800 |
| 3600 |
1 |
4.17 |
3,600 |
0.08 |
3,600 |
1:1 |
3,600 |
| 5040 |
1 |
4.17 |
5,040 |
0.11 |
5,040 |
1:1 |
5,040 |
| 5600 |
1 |
4.17 |
5,600 |
0.12 |
5,600 |
1:1 |
5,600 |
| 6000 |
1 |
4.17 |
6,000 |
0.13 |
6,000 |
1:1 |
6,000 |
| 6800 |
1 |
4.17 |
6,800 |
0.15 |
6,800 |
1:1 |
6,800 |
| 12000 |
1 |
4.17 |
12000 |
0.26 |
12000 |
1:1 |
12000 |
| 23520 |
1 |
4.17 |
23520 |
0.51 |
23520 |
1:1 |
23520 |
| 29440 |
1 |
4.17 |
29440 |
0.63 |
29440 |
1:1 |
29440 |
| 32000 |
2 |
4.17 |
64000 |
1.38 |
32000 |
1:1 |
64000 |
| 40800 |
2 |
8.33 |
81,600 |
1.76 |
40,800 |
1:1 |
81,600 |
| 66640 |
2 |
8.33 |
133,280 |
2.87 |
66,640 |
1:1 |
133,280 |
| 400000 |
1 |
4.17 |
400,000 |
8.61 |
400,000 |
1:1 |
400,000 |
| 533280 |
1 |
4.17 |
533,280 |
11.48 |
533,280 |
1:1 |
533,280 |
| 666640 |
2 |
8.33 |
1,333,280 |
28.70 |
666,640 |
1:1 |
1,333,280 |
| 799920 |
1 |
4.17 |
799,920 |
17.22 |
799,920 |
1:1 |
799,920 |
| 1200000 |
1 |
4.17 |
1,200,000 |
25.83 |
1,200,000 |
1:1 |
1,200,000 |
D. Allocation to QIBs (After Technical Rejections) Includes ASBA Applications
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per
the SEBI regulations, Mutual Funds were initially allotted 5% of the quantum of shares
available (932,968 Equity Shares to 11 successful applicant) including spill over from
Employee Category (11,256 Equity Shares), Retail Category (230,913 Equity Shares) and Non
Institutional Category (36,633 Equity Shares) and other QIBs were allotted the remaining
available shares (17,726,419 Equity Shares to 22 successful applicants) including spill
over from Employee Category (213,864 Equity Shares), Retail Category (4,387,362 Equity
Shares) and Non Institutional Category (696,026 Equity Shares) on proportionate basis,
| FIls |
Fls/Banks |
MFs |
VCs |
Total |
| 8,898,531 |
3,413,215 |
2,949,446 |
3,398,195 |
18,659,387 |
The Board of Directors of the company at its Meeting held at Chandigarh, on 26th June
2010 has approved the basis of allocation of shares of the Issue and has allotted the
shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices has been dispatched on June
28,2010 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 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 the National Stock Exchange of India
Limited within twelve working days from the date of closure of the issue.
Note: All capitalized terms used and not defined herein shall have the respective
meaning assigned to them in the prospectus dated June 24,2010 ("Prospectus")
INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the
Issue, Link Intime India Private Limited at http://www.linkintime.co.in
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 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:
Link Intime India Private Limited, Unit: Parabolic Drugs Limited
C-13, Pannalal Silk Mills Compound, L.B.S Marg.Bhandup (West), Mumbai - 400 078.
Email: pdl.ipo@linkintime.co.in
Place : Chandigarh
Date : June 29,2010 |
For PARABOLIC DRUGS LIMITED
Sd/-
Anil Kumar
Company Secretary & Compliance officer |
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