Basis Of Allotment

Basis of Allotment

SOUTHERN ONLINE BIO TECHNOLOGIES LIMITED

SOUTHERN ONLINE BIO TECHNOLOGIES LIMITED

(Originally incorporated as M/s. Southern Online Services Private Limited on November 9, 1998 with Registrar of Companies, Andhra Pradesh at Hyderabad and subsequently converted into a Public Limited Company on January 4, 200. The name of the Company has been changed to Southern Online Bio Technologies Limited on March 31, 2004.)

Regd Office : 3A, 3rd Floor, Samrat Complex, Saifabad, Hyderabad - 500 004.
Tel : (91-40)-2324 1999, Fax : (91-40)-2324 1444. Website: www.sol.net.in; Email: dkrishna@sol.net.in

BASIS OF ALLOTMENT

Composite Issue of 1,17,13,918 Equity Shares of Rs.10/- each aggregating Rs. 1711 lacs comprising of rights issue of 32,59,084 equity shares issued for cash at par on a rights basis to the existing equity shareholders of the company in the ratio of 4 equity shares for every 7 equity shares held on august 18, 2005 (the record date and public issue of 1,38,54,834 equity shares issued for cash at par. The Basis of Allotment of both Public Issue and Rights Issue was approved by Bombay Stock Exchange Limited on October 20, 2005 and October 21, 2005 respectively. The Committee of Directors of the company at it's Meeting held at Hyderabad on 21st October 2005 allotted the shares to various successful applicants. Details of applications received, allotments done are as under:

PUBLIC ISSUE

The details of the applications received in the Issue from Retail Category, Corporates / Institutions (Non retail Category) / NRI's, FII's are as under:

Category	No.of Applica- tions	No. of Shares	Subscription (no.of times)	Category	No.of Applica- tions	No. of Shares	Subscription (no.of times)	Category	No.of Applica- tions	No. of Shares	Subscription (no.of times)
Retail Investors	1,28,160	35,32,10,500	57.43	Non Retail Investors	366	5,30,38,000	57.46	NRI / FII	64	1,59,05,790	3.98

A. Allotment of Retail Investors.

The total number of shares alloted in this category is 61,57,000 Equity Shares (86.95 % total shares allotted to Retail & Non Retail Category). The category-wise details of allotment is given below. Each allottee has been allotted 500 shares.

Category

^{No. Of App.}

^{% to total}

^Ratio

^{Total No.}
^{of Shares allotted}

Cate
gory

^No.
^of
^App.

^{% to total}

^Ratio

^{Total No.}
^{of Shares}
^allotted

^Category

^{No. Of App.}

^{% to total}

^Ratio

^Total
^{No. of Shares}
^allotted

⁵⁰⁰

^20,957

^16.35

^1:57

^1,84,000

⁴⁰⁰⁰

^3,935

^3.07

^6:43

^2,74,500

⁷⁵⁰⁰

⁹⁵

^0.07

^5:19

^12,500

¹⁰⁰⁰

^22,355

^17.44

^3:86

^3,90,000

⁴⁵⁰⁰

^32,696

^25.51

^8.51

^25,64,500

⁸⁰⁰⁰

⁹⁴

^0.07

^6:22

^13,000

¹⁵⁰⁰

^8,819

^6.88

^5:96

^2,29,500

⁵⁰⁰⁰

^6,702

^5.23

^4:23

^5,83,000

⁸⁵⁰⁰

²⁴

^O.02

^2:7

^3,500

²⁰⁰⁰

^15,262

^11.91

^3:43

^5,32,500

⁵⁵⁰⁰

¹⁸⁹

^0.15

^4:21

^18,000

⁹⁰⁰⁰

¹⁷⁴

^0.14

^16:51

^27,500

²⁵⁰⁰

⁶⁵¹³

^5.08

^2:23

^2,83,000

⁶⁰⁰⁰

²⁶³

⁰²¹

^5:24

^27,500

⁹⁵⁰⁰

⁹⁶⁶

^0.75

^1:3

^1,61,000

³⁰⁰⁰

^4,581

^3.57

^9:86

^2,39,500

⁶⁵⁰⁰

⁴⁹

^0.04

²⁹

⁵⁵⁰⁰

¹⁰⁰⁰⁰

²⁸⁸⁶

^2.25

^15:43

^5,03,500

³⁵⁰⁰

^1,483

^1.16

^4:33

^90,000

⁷⁰⁰⁰

¹¹⁷

^0.09

^1:4

^14,500

B. Allotment to Bodies Corporate / Institutions (Non Retail Category)

The total number of shares allotted in this cateory is 9,29,268 Equity Shares. The category-wise details of the Basis of Allotment are as under: Each allottee has been allotted 500 shares

Category	No. Of Applicant	%to total	Ratio	Total No. of Shares allotted	Category	No. Of Applicants	% to total	Ratio	Total No. of Shares allotted
1000	1	0.27	1:1	500	15000	21	5.74	1:2	5500
1500	1	0.27	1:1	500	15500	1	0.27	1:1	500
2000	6	1.64	1:6	500	16000	1	0.27	1:1	500
2500	1	0.27	1:1	500	16500	2	0.55	1:2	500
4500	5	1.37	1:5	500	18000	2	0.55	1:1	1000
5000	3	0.82	1:3	500	18500	1	0.27	1:2	500
6500	1	0.27	1:1	500	19500	1	0.27	1:1	500
9500	1	0.27	1:1	500	20000	49	13.39	5:7	17500
10000	13	3.55	3:8	2500	20500	1	0.27	1:1	500
10500	26	7.10	2:5	5000	21000	3	0.82	2:3	1000
11000	18	4.92	7:18	3500	21500	1	0.27	1:1	500
11500	1	0.27	1:1	500	23000	1	0.27	1:1	500
12000	6	1.64	1:2	1500	24000	1	0.27	1:1	500
12500	6	1.64	1:2	1500	24500	1	0.27	1:1	500
13500	2	0.55	1:2	500	25000	12	3.28	5:6	5000
14000	3	0.82	2:3	1000	26000 onwards	172	Proportionate/ Firm		873768
14500	2	0.55	1:2	500

C. Allotment to NRI's / FII 's/ Foreign Nationals.

The Company has received 64 valid applications for 1,59,05,790 shares. All applicants have been allotted shares on a proportionate basis and the total no of shares alloted in this category is 40,00,382 Equity Shares.

RIGHTS ISSUE

Basis of Allotment						Information regarding Applications received
Applicants	No of Valid applica tions received	Entitled shares applied and alloted	Additional Shares applied	Additional shares allotted	Total shares allotted	Mode of payment	No of applica tions received	No. of shares applied	Amount Received (Rs.)	Number of shares allotted	Valid shares allotted (Rs.)
Share holders	1002	1577917	722309	722309	2300226	Cash/ Cheque	1234	4459321	44581164	2285972	22859720
Renouncees	245	935101	2189021	23757	958858	Promoters Contribution*	14	973112	9731120	973112	9731120
lbtal	1247	2513018	2911330	746066	3259084	'Amount brought in by the Promoters before the opening of the Issue and adjusted towards their entitlement
Dates of despatch of Refund Orders, Credit to beneficiary Accounts and Listing details
Activity									Date of Completion
Approval of Basis of Allotment by Bombay Stock Exchange Ltd. (BSE)									Public - 20/10/05, Rights - 21/10/05
Despatch of refund orders, physical certificates and listing applications to BSE, HSE and BgSE									24/10/05
In-Principal Approvals from BSE, HSE & BgSE Electronic Credit to Beneficiary A/c									24/10/05,24/10/05 and 25/10/05 25/10/05

The Refund Orders have been despatched 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 have been credited to their beneficiary accounts subject to validation of the account details with the depositors concerned. The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited (BSE), Bangalore Stock Exchange Limited (BgSE) and Hyderabad Stock Exchange Limitedm (HSE) with seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
Investors should note that they should deal in the new equity shares of the Company only after conferming that the Listing and trading permissions for the same have been obtained from BSE, BgSe and HSE.
This details of the allocation made would be hosted on the website of Registrars to the Issue, Aarthi Consultants Private Limited at www.aarthiconsultants.com

All future correspondence in this regard may kindly be addressed to the Registrars 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:

Aarthi Consultants Private Limited Unit: Southern Online Bio Technologies Limited, 1-2-285, Domalguda, Hyderabad- 500034 Telephone: 04027638111 Fax: 040-27632184 Email: sol@aarthiconsultants.com

Place : Hyderabad
Date : 25th October, 2005

For Southern Online Bio Technologies Ltd
Sd/-
N.Satish Kumar
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 SOUTHERN ONLINE BIO TECHNOLOGIES LIMITED.