sasken
Sasken Communication Technologies Limited

(originally incorporated in the state of Gujarat on February 13, 1989 as ASIC Technologies private Limited under the Companies Act, 1956. On October 13, 1992, we changed our name to silicon Automation Systems (India)Private Limited. On April 20, 1993 we changed our registered office from the state of Gujarat to the State of the Karnataka. On December 30, 1998, we changed our name to silicon Automation Systems Limited. On October 17, 2000 we changed our name to sasken Communication Technologies Limited).

                       Registered & Corporate office: 139/25, Ring Road, Domlur, Bangalore 560 071
        Tel.:+91-80-2535 5501. Fax:+91-80-2535 1309. Website: www.sasken.com  Email: saskenipo@sasken.com

                                                                          BASIS OF ALLOCATION

PUBLIC ISSUE OF EQUITY SHARES COMPRISING FRESH ISSUE OF 5,000,000, EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS 260 FOR CASH AGGREGATING RS. 1300 MILLION (REFERRED TO AS THE "ISSUE") COMPRISING 500,000 EQUITY SHARES OF RS. 10 EACH RESERVED FOR THE ELIGIBLE EMPLOYEES OF THE COMPANY AND A NET OFFER TO PUBLIC OF 4,500,000 EQUITY SHARES OF RS. 10 EACH. THE ISSUE WOULD CONSTITUTE 18.17% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE NET OFFER TO THE PUBLIC WOULD CONSTITUTE 16.36% OF THE FULLY DILUTED POST ISSUE PAID-UP CAITAL OF THE

ISSUE PRICE: RS 260 PER EQUITY SHARE OF FACE VALUE RS. 10 EACH ISSUE PRICE IS 26 TIMES OF THE FACE VALUE.

The Issue made through the 100% Book Building Process where in 60% of the Issue to the public was to be allocated on a discretionary basis to Qualified institutional Buyers ("QIBs"), Further, not less than 10% of the public shall be avaible for allocation on a proportionate basis to Non-institutional bidders and not less than 30% of the net issue to the public shall be available for allocation on a proportionate basis to Retail bidders, subject to valid bids being received at or above the issue price.
The issue received 412301 applications for 381929644 equity shares resulting in 76.38 times subsription. The details of the application received in the issue from Retail, Non institutional, employees and Qualified institutional investor categories (before   technical rejections) are as under:

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

The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on 30th August, 2005.
A) Allocation to Employees
The Basis of Allocation to the employees of Sasken Communication Technologies Limited, who have bid at cut-off or at the Issue Price of Rs. 260/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.67 times. The total number of shares allotted in this category is 500000 Equity Shares. The allotment was firm for all valid bids. The sample details of category-wiseAllocation are as under:

B) Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price of Rs.260/- per Equity Share, wasfinalized in consultation with BSE. The category was over subscribed 53.26 times. The total number of shares allotted in this category is1350000 Equity Shares. The category-wise details of the Basis of Allocation are as under:

C) Allocation to Non-Institutional Investors
The Basis of Allocation to the Non-Insittutional Investors, who have bid at the issue Price of Rs. 260/- per Equity Share, was finalized in consultation with BSE. The category suscribed 253.36 times. The total numbers of shares allotted in this category is 450000 Equity Shares. The sample details of category-wise Allocation are as under:

D) Allocation to QIBs

The Committee of Directors for IPO of the company at its Meeting held at Hyderabad on 31st August, 2005 has approved the basis of allocation of shares and allotted the shares to various successful applicants.
The Refund Orders will be 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 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 The National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy Computershare Private Limited at www.karvy.com or http://kcpl.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 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:

Karvy Computershare Private Limited
Unit: Sasken, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034,
Tel.: 040-23431546 • Fax: 040-23311968 • Email: saskenipo@karvy.com  or mailmanager@karvy.com

TOLL FREE -HELPLINE NUMBER: 1-600-3454001

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 SASKEN COMMUNICATION TECHNOLOGIES LIMITED.