Vallibel One satisfies retail demand in full

Friday, 1 July 2011 02:49 - - {{hitsCtrl.values.hits}}

Vallibel One Ltd., (VOL) has decided to satisfy in full, shares applied for by retail individual investors in determining the basis of allocation following a 11.6 times oversubscribed Initial Public Offer (IPO).

The IPO involved 21.3 million shares at Rs. 25 each and drew 35,256 applications requesting for 247 million shares worth Rs. 6.17 billion.

The basis of announcement is as follows.

Retail individual investor category

No of Shares applied Basis of allotment

100 shares 100%

More than 100 shares 100 shares + 34.210526% of the bal ance shares applied. The percentage is

applied after deducting 100 shares rounded to the nearest 100 shares.

Non retail investor category

No of shares applied Basis of allotment

Up to 1,000 shares 100%

More than 1,000 shares 1,000 shares + 3.057257% of the balance applied. The percentage is applied after deducting 1,000 shares rounded to the nearest 100 shares.

Unit Trust investor category 100% allocation

Employee category

No of shares applied Basis of allotment

100 shares 100%

200 to 1,000 shares 85%

1,100 to 1,200 shares 76%

1,300 to 1,500 shares 65%

1,600 to 1,800 shares 60%

1,900 to 2,500 shares 57%

2,600 shares and above 50%

Undersubscribed shares from Unit Trust investor category were allocated to the retail individual investor category.

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