GINNI FILAMENTS LIMITED

(Ginni Filaments Limited was incorporated on 28'" July 1982 under the Companies Act, 1956 as a limited liability company in the State of West Bengal. Subsequently, registered office of the Company was shifted to State of Uttar Pradesh vide order dated 30th March, 1990 passed by the Company Law Board.)

REGISTERED OFFICE: 110 K.M. Stone, Delhi-Mathura Road, Chhata, District Mathurs, Uttar Pradesh- 281401, India Tel: +915662 242490, 242491; Fax: +915662 242223

CORPORATE OFFICE: 8th Floor, Padma Tower-II, 22, Rejendra Place, New Delhi -110 008. Tel: +91 1125735852,25735516; Fax: +91 11 25751076, 25826293; Contact person: Shri D. C. Gupta, Company Secretary. Webelte: www.ginnifilaments.com; E-mail: secretarial@ginnifilaments.com

PUBLIC ISSUE OF 26262625 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") FOR CASH AGGREGATING RS. 6000 LACS BY GINNI FILAMENTS LIMITED ("GFL" OR "THE COMPANY" OR "THE ISSUER"). THE ISSUE COMPRISES OF PROMOTERS CONTRIBUTION OF 4444444 EQUITY SHARES FOR CASH AT A PRICE OF RS.27 PER EQUITY SHARE AGGREGATING IRS. 1200 LACS ("PROMOTERS CONTRIBUTION") AND THE NET OFFER TO THE PUBLIC OF 21818181 EQUITY SHARES AT A PRICE OF RS. 22 PER EQUITY SHARE AGGREGATING RS. 4800 LACS ("NET ISSUE"). THE ISSUE WILL CONSTITUTE 44.32% OF THE FULLY DILUTED CAPITAL OF THE COMPANY AFTER THE ISSUE.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 ANDTHE ISSUE PRICE TO THE PUBLIC ("NET ISSUE") IS 2.2 TIMES OF THE FACE VALUE.

The Issue was made through the 100% Book Building Process wherein at least 35% and 15% of the Net Issue shall be allocated on a proportionate basis to Retail Individual Investors and Non-Institutional Investors respectively, 50% of the Net Issue shall be allocated to QIBs, 5% thereof shall be specifically available for mutual funds registered with SERI on a proportionate basis.a

The Issue received 42630 applicatlons for 65042720 equity shares resulting in 2.48 times subscription. The details of the application received in the Issue from Retail Individual Bidders, Non Institutional Investors, Qualified Institutional Buyers and Employees categories is as under:

Number of times of respective category after eliminating cheque returns & Including bids received at cut off price

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

The basis of Allotment was finalised in consultation with National Stock Exchange of India Ltd. (NSE) on 5th January 2006.

A) Allotment to Retail Investors

The Basis of allotment to Retail Investors who have bid at cut-off or at the Issue Price of Rs. 22 per Equity Share was finalised in consultation with NSE. The category was oversubscribed 6.39 times. The total number of equity shares alloted In this category Is 7636365
The category wise details of Basis of Allotment is as under:

B) Allotment to Non Institutional Investors
The Basis of allotment to Non-Institutional investors who have bid at the Price of Rs.22 per Equity Shares was finalised in consultation with NSE. The category was oversubscibed 1.28 times. The total number of equity shares alloted in this category is 3272726. The category wise details of Basis of Allotment is as under:

C) Allotment to QIBs

D) Alloment to Promoters

Pricing as per provisions of Guidelines on Preferential Allotment.

The Board of Directors of the Company at its meeting held at New Delhi on 6th January, 2006 have approved the allotment of Shares as per the basis of allotment approved by National Stock Exchange of India Ltd.The refund orders have been despatched on 7th January 2006, 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 shares allocated to successful applicants has been 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 National Stock Exchange of India Limited within seven working days from the date of approval of basis of allotment.

INVESTORS MAY PLEASE NOTE:

These details of allotment made, would be hosted on the website of the Registrar 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, Intime Spectrum Registry Limited, quoting full name of the First / Sole Applicant, Serial Number of the Bid-cum-Application Form, Number of Equity Shares bid for, Name of the Member of the Syndicate, Place where the bid was submitted and payment details at the address given below:

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West), Mumbai - 400 078. Telephone No.: +91 = 22 - 5555 5491 - 94; Fax No.: +91 - 22 - 5555 5499;

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHERTHE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GINNI FILAMENTS LIMITED.