Basis of Allotment

REPRO INDIA LIMITED

REPRO INDIA LIMITED

(Originally formed as a partnership firm under the name and style of M/s Repro under an original Partnership Deed dated July 23, 1984, which was subsequently modified by the Partnership Deed dated May 1, 1991. Subsequently, the Partnership Firm was incorporated at Mumbai in the State of Maharashtra on April 1, 1993, as Repro Press Private Limited under Part IX of the Companies Act, 1956. With effect from February 9, 1995, the name was changed to Repro India Private Limited. With effect from February 14, 1995 the name was changed to Repro India Limited)

Registered Office and Corporate Office: Marathe Udyog Bhavan, 2nd Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025.

Tel: +9122 2430 8851 / 24313256; Fax: +9122 2437 4531. E-mail:investor@reproindialtd.Website:www.reproindialtd.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 2,620,000 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. 165 FOR CASH AGGREGATING RS. 432.30 MILLION (REFERRED TO AS THE "ISSUE"), BY REPRO INDIA LIMITED ("THE COMPANY" OR "ISSUER"). THE ISSUE WOULD CONSTITUTE 25 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 165 PER EQUITY SHARE OF FACE VALUE RS. 10

THE FACE VALUE OF THE SHARES IS RS. 10 AND THE ISSUE PRICE IS 16.5 TIMES OF THE FACE VALUE

The Issue is made through the 100% Book Building Process wherein up to 50% of the Issue was to be made available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% was to be made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Qualified Institutional Buyers Portion was to be made available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid Bids being received at or above Issue price. Further, not less than 15% of the Issue was to be made available for allocation to Non-Institutional Investors and not less than 35% of the Issue was to be made available for allocation to Retail Individual Investors on a proportionate basis, subject to valid bids being received from them at or above the Issue Price.

The Issue has received 30,305 applications for 2,07,54,276 Equity Shares resulting in 7.92 times subscription. The details of the applications (valid) received in the Issue from all categories are as under:

Category

No. of Applications No. of Shares

Subscription

Qualified Institutional Investors

31

90,54,360

6.9117 times

Non-Institutional Investors

125

49,67,160

12.639 times

Retail Individual Investors

30149

67,32,756

7.342 times

Final Demand

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

Rate No of Shares % age to Shares Cumulative No of Shares % age to Size
145 497440 2.02 2,12,10,960 100.00
150 7160 0.03 2,11,75,840 99.83
155 1711680 6.95 2,11,70,800 99.81
159 1280 0.01 2,10,95,760 99.46
160 1244480 5.06 2,10,95,720 99.46
163 120 0.00 2,10,67,480 99.32
164 80 0.00 2,10,67,400 99.32
165 14458080 58.75 2,10,67,320 99.32
9999 6627160 26.93 66,26,160 31.24

A) ALLOCATION TO QUALIFIED INSTITUTIONAL INVESTORS

The Basis of Allocation to the Qualified Institutional Investors, who have applied at the Issue Price of Rs. 165/- per Equity Share, was finalized in consultation with the BSE on December 08, 2005. The Company has received 31 valid applications for 90,54,360 Equity Shares in this category resulting in 6.9117 times subscription. The number of shares allocated to Qualified Institutional Investors is 13,10,000 on proportionate basis.

Category Fl's / Banks

MFs

Flls

Venture Capital Funds Insurance Companies Total
No. of Shares

1,13,417

5,33,207 6,63,376

Nil

Nil 13,10,000

B) ALLOCATION TO NON-INSTITUTIONAL INVESTORS

The Basis of Allocation to the Non-Institutional Investors, who have applied at the Issue Price of Rs. 165/- per Equity Share, was finalized in consultation with BSE on December 14, 2005. The Company has received 121 valid applications for 49,63,280 Equity Shares in this category resulting in 12.62921 times subscription. The number of shares allocated to Non-Institutional Investors is 3,93,010.

A sample of category-wise allocation is as under:

Category No. of Applns. %to Total No. of Shares Applied % to Total No. of Shares Allocable Ratio Total Shares Allocated
640 5 4.13 3200 0.06 253 Firm 255
2000 6 4.96 12000 0.24 950 Firm 948
3000 3 2.48 9000 0.18 713 Firm 714
4000 1 0.83 4000 0.08 317 Firm 317
5000 2 1.65 10000 0.20 792 Firm 792
9000 1 0.83 9000 0.18 713 Firm 713
15000 1 0.83 15000 0.30 1188 Firm 1188
30000 2 1.65 60000 1.21 2375 Firm 4752
50000 1 0.83 50000 1.01 3959 Firm 3959
100000 1 0.83 100000 2.01 7918 Firm 7918
1000000 1 0.83 1000000 20.15 79181 Firm 79182

C) ALLOCATION TO RETAIL INDIVIDUAL INVESTORS

The Basis of Allocation to the Retail Individual Investors, who have applied at the Issue Price of Rs. 165/- per Equity Share, was finalized in consultation with the BSE on December 14, 2005. The Company has received 29785 valid applications for 6666360 Equity Shares in this category resulting in 7.27193 times over subscription. The number of shares allocated to Retail Individual Bidders is 9,17,027.

A Sample of category-wise allocation are given below:

Category No. of Applns. % to Total No. of Shares Applied %to Total No. of Shares Allocable Ratio Total Shares Allocated
40 5812 19.51 232480 3.49 31970 4:29 32120
200 2046 6.87 409200 6.14 56271 20:29 56480
280 8371 28.10 2343880 35.15 322319 28:29 323280
400 192 0.64 76800 1.15 10561 Firm 10560
600 3790 12.72 2274000 34.10 312711 Firm 310780

The Board of Directors of the Company at its meeting held at Mumbai on 15th December, 2005 has approved the basis of allocation of shares and allotted the shares to various successful applicants.

The Refund Orders have been dispatched 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 printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts subject to verification of the beneficiary details with the depositories concerned.

The company is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE

The details of the allocation made would also be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Ltd. 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 applicants, serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Bank Branch where the application had been lodged and payment details at the address of the Registrars given below:

INTIME SPECTRUM REGISTRY LTD.
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West), Mumbai- 400 078
Tel: +91-22-5555 5491-94; Fax: +91-22-5555 5499;
E-Mail: repro@intimespectrum.com. Website: www.intimespectrum.com



Place:Mumbai
Date :17 December, 2005

For REPRO INDIA LIMITED
Sd/-
Sanjeev Inderjit Vohra
Managing Director

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 REPRO INDIA LIMITED

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