Prithvi Information Solutions Limited

(In corporated on July24, 1998 as Prithvi Information Solutions Private Limited under the Companies Act, 1956. The company was converted to a public limited company in 2000)
Registered Office and Corporate office: 10Q3-A1, 10th floor, Cyber Towers, Hitech City, Madhapur, Hyderabad 500 081. Tel: +91 40 5584 6019; Fax: +91 40 5584 6021; Contact Person: Mr. P. S. Shastry CFO & CO. Secretary; Email: ipo@prithvisolutions.com ; Website: www.prithvisolutions.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF THE FACE VALUE OF RS.10 EACH AT A PRICE OF RS. 270/-PER EQUITY SHARE FOR CASH AGGREGATING RS. 13,500 LAKHS (REFERRED TO AS THE "ISSUE"), INCLUDING EMPLOYEE RESERVATION OF 4,50,000 EQUITY SHARES. THE NEW OFFER TO PUBLIC CONSTITUTES 25.17% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPTIALOF PRITHVI INFORMATION SOLUTIONS LIMITED ("ISSUER" OR"THE COMPANY").

THE FACE VALUE PER EQUITY SHARE IS RS. 270/-EACH AND THE ISSUE PRICE IS 27 TIMES OF THE FACE VALUE

The issue mad through the 100% Book Building Process wherein 50% of the issue to the public was to allocated on a discretionary basis to Qualified Institutional Buyers("QIBs"), Further, not less than 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% 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 150722 applications for 76370414 equity shares resulting in15.27 times subscription. The details of the applications 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 as under:

The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited ("BSE") on 10th November, 2005.

A) Allocation to Employees

The Basos of Allocation to the employees of Prithvi Information Solutions Limited, who have bid at cut-off or at the issue Price of Rs.270/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.64 times. The total number of shares allotted in this category is 4,50,000 Equity Shares. The category-wise details of the Basis of Allocation 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.270/- per Equity Shares, was finalized in consultation with BSe. The category was over subscribed 16.27 times. The total number of shares allotted in this category is 1592500 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 institutional, who have bid at the Issue Price of Rs.270/-per Equity Share, was finalized in consultation with BSE. The Category was subscribed 33.04 times. The total number of share allotted in this category is 682500 Equity Shares. The category-wise details of the Basis of allocation are as under:

D) Allocation to QIBs

The committee of Directors for IPO of the company at it's Meeting held at Hyderabad on 11th November, 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 has got approval for trding on Bombay Stock Exchange Limited vide letter dated November14, 2005 and on The National Stock Exchange Limited vide letter dated November14, 2005.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, KarvyComputershare Private Limited at www.karvy.com or http://kcpl.karvy.com

All the future correspondence in this regard may kindly be addressed to 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
UnitL Prithvi, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad 500034,
Fax: 040-23311968, Email: mailmanager@karvy.com

TOLL FREE-HELPLINE NUMBERS :1-600-3454001

THE LEVEL OF SUBSCEIPTIONS SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITH THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS PRITHVI INFORMATIONS LIMITED.