Transformers and Rectifiers (India) Limited

(Our Company was incorporated as Trtvani Electric Company limited vide certificate of incorporation on July 11,1994. The name of the company changed to Transformers and Rectifiers (India) Limited with effect from March 26,1995.
Registered and Corporate Office: Survey No 344-350, Opposite P.W.D. Stores, Village Changodltar, Sarkhej Bhavla Highway, Taluka Sanand. Dist. Ahmedabad - 382 210, Gujrat. Tel: 491-2717-661661 Fax: +91-2717-661716.
E-mail: [email protected] &. Company Secretary & Compliance Officer. Mr. Tushar Shah. Website: www.transfomerindia.com

In terms of Rule 19 (2) (b) of the SCRR, as being an issue for less than 25% of the Post-Issue equity share capital, the Issue was being made through the 100% Book Building Process wherein at least 60% of the Net Issue shall be allocated on a proportionate basis to QIB Bidders out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to the Mutual Funds only and the remainder of the QIB portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. If at least 50% of the Net Issue cannot be allotted to QIBs, than the entire application money will be refunded forthwith.. Further, upto 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders and upto 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price

The Issue received 345115 applications for 269462190 equity shares resulting in 89.9857 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Investor categories are as under: (Before technical rejections)

Final Demand
A sample of the final demand at different bid prices is as under:

The Basis of Allocation for all the categories namely Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was finalised in consultation with National Stock Exchange of India Limited (Designated Stock Exchange) on 21 December 2007.

A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 465/- per Equity Share, have been considered while preparing the Basis of Allocation. The category was over subscribed 56.847502 times. The total number of shares allotted in this category is 853605 Equity Shares including spill over from Employee Category. (104 Shares). The category-wise details of the Basis of Allocation are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non-Institutional Investors, who have bid at the Issue Price of Rs. 465/- per Equity Share, have been considered while preparing the Basis of Allocation. The category was over subscribed 110.507057 times. The total number of shares allocated in this category Is 264533 Equity Shares. The category-wise details of the Basis of allocation are as under:

C.Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE.

Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts.
The Company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allotment.

D. Allotment to Employees (After Technical Rejections)
All the bidders in the Employee Category, who have bid at the Issue Price of Rs. 465/- per Equity Share, have been considered while preparing the Basis of Allocation. The category was under subscribed by 0.9977 times. The total number of shares allocated in this category is 149655 Equity Shares. The unsubscribed portion of 345 Equity Shares was added to the QIB, HNI and Retail Category in the ratio of 60:10:30.

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
^{C-13, Pannalal Silk Mills Compound,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078}
Tel: +91 - 22 - 2596 0320, Fax: +91 - 22 - 2596 0329
Email:  [email protected] Website: www.intimespectrum.com
Contact person: Mr. Sachin Achar

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 TRANSFORMERS AND RECTIFIERS (INDIA) LIMITED.