Basis of Allotment
KAMDHENU ISPAT LIMITED

KAMDHENU ISPAT LIMITED

(Incorporated as Kamdhenu Ispat Limited on 12th September, 1994 with the Registrar of Companies, Rajasthan, Jaipur and obtained Certificate for Commencement of Business on 29th December, 1994. The Company has shifted Its Registered Office from the state of Rajasthan to Delhi w.e.f 2nd March, 2005)

Reg istered Office : 5/2, Punjabi Bagh Extn., New Delhi -110026.
Tel.: 91-11-25223404/05/06/07/08. Fax : 91-11-25226893.
E-mail: kamdhenu@nda.vsnl.net.in Website: www.kamdhenuispat.com
Contact Person : Mr. Arvind Gupta, Compliance Officer & Company Secretary

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,28,00,000 EQUITY SHARES OF RS. 25/- EACH (INCLUDING PREMIUM OF RS. 15/- PER SHARES) ("EQUITY SHARES' OF KAMDHENU ISPAT LIMITED (THE "COMPANY"), AGGREGATING TO RS. 3200 LACS (HEREINAFTER CALLED AS "ISSUE"). THE ISSUE WOULD CONSTITUTE 67.33% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY THE GREEN SHOE OPTION OF 13,68,595 EQUITY SHARES IS NOT BEING EXERCISED BY THE COMPANY VIDE BOARD RESOLUTION DATED 15.04.2006

(Issue Price is 2.5 times the face Value of equity shares of the Company) The Board of Directors of Kamdhenu Ispat Ltd. wish to thank the investing public, for their, response to the Issue which opened for subscription on 3rd April, 2006 and closed on 8th April, 2006. The Issue has received 34,653 applications for 47509980 Equity Shares resulting in 5.20 times subscription. The Basis of allotment was finalised In consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on 27th April, 2006. The details of the Applications received In the Issue from Non-Institutional and Retail categories (before technical rejections) are as under.

Category No. of Applications No. of Shares
Non-Institutional Investors 257 8779000
Retail Individual Investors 34396 387309

 

Category No. of valid Applications No. of Shares Subscription (no. of times)
Retails 33,448 37631200 5.06
Non Retails Investors 265 8786200 5.18

A. Allotment to Retail Investors
The Basis of Allotment of Retail Individual Investors, who have applied at the Issue price of Rs. 25/- per equity share was finalised in consultation with BSE. The Company has received 33,448 valid applications for 3,76,31,200 Equity Shares in this category resulting in 8.24 times over subscription. Number of shares allotted to Retail Individual is 74,32,019 The category-wise details of the basis of allotment as under:

Category No. of
Appins.		 % to
total		 Total No.of
Shares applied		 % to
total		 Allocation per
applicant after
rounding off		 Ratio of
allottees to
applicant		 Total No.of
Shares
allotted
200 6211 18.57 1242200 3.30 200 1:5 248400
400 5801 17.34 2320400 6.17 200 2:5 464000
600 3315 9.91 1989000 5.29 200 3:5 397800
800 2197 6.57 1757600 4.67 200 4:5 351800
1000 4804 14.36 4804000 12.77 200 34:35 933400
1200 883 2.64 1059800 2.82 237 1:1 209271
1400 483 1.44 676200 1.80 276 1:1 133308
1 1:18 27
1600 616 1.84 985600 2.62 316 1:1 194656
1800 4764 14.24 8575200 22.79 355 1:1 1691220
2000 1308 3.91 2616000 6.95 395 1:1 516680
2200 111 0.33 2442200 0.65 434 1:1 48174
2400 82 0.25 196800 0.52 474 1:1 38868
2600 20 0.06 52000 0.14 514 1:1 10280
2800 34 0.10 95200 0.25 553 1:1 18802
3000 93 0.28 279000 0.74 592 1:1 55056
3200 31 0.09 99200 0.26 632 1:1 19592
3400 15 0.04 51000 0.14 671 1:1 10065
3600 40 0.12 144000 0.38 711 1:1 28440
3800 580 1.73 2204000 5.86 750 1:1 435000
4000 2080 6.16 8240000 21.90 790 1:1 1627400

B. Allotment to Non-Institutional Investors
The total number of shares allotted in this category Is 16,93,281 Equity Shares. The category -wise details of
the basis otallotment are asunder:

Category No. Of
Appins.		 % to
total		 total Nos. of
Shares applied		 % to
total		 Allocation per
applicant after
rounding off		 Ratio
allottees to
applicant		 Total No.of
Shares
allotted
1800 1 0.38 1800 0.02 347 1:1 347
2000 3 1.13 6000 0.07 385 1:1 1155
2400 1 0.38 2400 0.03 463 1:1 463
2800 1 0.38 2800 0.03 540 1:1 540
3800 1 0.38 .3800 0.04 732 1:1 732
4000 5 1.89 20000 0.23 771 1:1 3855
4200 2 0.75 8400 0.1 810 1:1 1620
4400 4 1.51 17600 0.2 848 1:1 3392
4600 1 0.38 4600 0.05 887 1:1 887
5000 31 11.7 155000 1.76 964 1:1 29884
5200 1 0.38 5200 0.06 1002 1:1 1002
6000 15 5.66 90000 1.02 1156 1:1 17340
6200 1 0.38 6200 0.07 1195 1:1 1195
7200 1 0.38 7200 0.08 1388 1:1 1388
8000 34 12.83 272000 3.1 1542 1:1 52428
9000 1 0.38 9000 0.1 1734 1:1 1734
10000 50 18.87 500000 5.69 1927 1:1 96350
12000 10 3.77 120000 1.37 2313 1:1 23130
14000 1 0.38 14000 0.16 2698 1:1 2698
16000 5 1.89 80000 0.91 3084 1:1 15420
16400 1 0.38 16400 0.19 3161 1:1 3161
20000 33 12.45 660000 7.51 3854 1:1 127182
22000 1 0.38 22000 0.25 4240 1:1 4240
24000 1 0.38 24000 0.27 4625 1:1 4625
25000 1 0.38 25000 0.28 4818 1:1 4818
28000 3 1.13 84000 0.96 5396 1:1 16188
30000 3 1.13 90000 1.02 5782 1:1 17346
30400 1 0.38 30400 0.35 5859 1:1 5859
39600 2 0.75 79200 0.9 7632 1:1 15264
40000 23 8.68 920000 10.47 7709 1:1 177307
60000 1 0.38 60000 0.68 11563 1:1 11563
72000 1 0.38 72000 0.82 13876 1:1 13876
80000 3 1.13 240000 2.73 15418 1:1 46254
84000 1 0.38 84000 0.96 16189 1:1 16189
94000 1 0.38 94000 1.07 18116 1:1 18116
100000 3 1.13 300000 3.41 19272 1:1 57816
104000 1 0.38 104000 1.18 20043 1:1 20043
135000 1 0.38 135000 1.54 26017 1:1 26017
200000 8 3.02 1600000 18.21 38544 1:1 308352
200200 1 0.38 200200 2.28 38583 1:1 38583
250000 2 0.75 500000 5.69 48180 1:1 96360
320000 1 0.38 320000 3.64 61671 1:1 61671
400000 1 0.38 400000 4.55 77087 1:1 77087
500000 1 0.38 500000 5.69 96358 1:1 96358
900000 1 0.38 900000 10.24 173446 1:1 173446

The Board of Directors of the company at Its Meeting held on 28.04.2006 has approved the basis of allotment of shares and allotted the shares to various successful applicants.
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 working 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 National Stock Exchange within seven working days from the date of approval of the basis of allotment.

INVESTORS PLEASE NOTE:
Investors to note that they should deal In the new equity shares of the Company only after confirming that the listing and trading permissions for the same have been obtained from both BSE and NSE.
This details of the allocation made would be posted on the website of Registrar to the Issue, karvy Computer Share Pvt. Ltd., at www.karvy. com or http://karisma.karvy. 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 application, number of shares applied for, and Place where the application was submitted and payment details at the address given below:

Karvy Computershare Private Limlted
Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034.
Tel: 91-40-2331 2454/23320251/751, Fax: 91-40-23311966, E-mail: mailmanager@karvy.com
Tollfree Helpline No.: 1-800-3454001

Place : New Delhi
Date: 29.04.2006

For Kamadhenu ispat Ltd.
sd/
(Arvind Gupta)
Company Seretary-cum-Compliance Officer
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