Residual Sales

REALISATION FROM SALE OF ALL OR PART OF THE RESIDUAL EQUITY IN DISINVESTED CPSES/COMPANIES DURING 2003-04 TO JULY 2007

MUL IPO IPCL Offer for Sale CMC Offer for Sale ICI MUL Private Placement
Tranche I Tranche II
2003-04 2005-06 2007-08
Bid opening date 12.6.2003 20.2.2004 23.2.2004 __ 05.01.2006 27.04.2007
Bid closing date 19.6.2003 27.2.2004 28.2.2004 27.10.2003 11.01.2006 08.05.2007
Floor price per share ( in Rs ) *115 170 475 __ 620 760
% of company's equity with the Government prior to the Offer 45.79 33.95 26.25 9.20 18.28 10.27
% of company's equity offered for sale 27.51 28.95 26.25 9.20 8.00 10.27
Shares offered for sale (crore Nos) 7.947 7.185 0.397 0.3761 2.31 2.97
Ratio of bids received to shares offered (No. of times) 8.92 4.9 9.60 __ 1.78 1.12
No of bidders allocated shares 2.48 lakh 1.95 lakh 1.28 lakh ^ 1 8 32
Final price per share (in Rs) 125 170 485 205 **678.24 **797.49
Discount for Retail Bidders __ 5% 5% __ __ __
Effective price for Retail Bidders 125 161.5 460.75 __ __ __
Total amount realised (Rs crore) 993.34 1202.85 190.44 77.1 1567.6 2366.94
Cumulative amount realised (Rs crore) 6398.27
Note: * Face value was Rs.5 per share. Face value of shares of other companies was Rs.10 each.
** The average price per share
^ Sold to Asian Paints (India) Ltd.