India Infoline Limited

(Incorporated on October 18, 1995 as Probity Research & Services Private Limited at Mumbai under the Companies Act, 1956 with Registration No. 11 -93797. It was converted into a Public Limited Company on April 28, 2000 and the name of the Company was changed to Probity Research & Services Limited. The name of the company was changed to India Infoline.com Limited on May 23,2000. The name of the company was further changed to India Infoline Limited on March 23, 2001.)

Registered office: 24, Nirlon Complex, Off Western Express Highway, Goregaon (East), Mumbai - 400 063.

Tel:+91-22-5677 5900; Fax: +91-22-2685 0451; E-mail:ipo@indiainfoline.com; Website: www.indiainfoline.com

BASIS OF ALLOTMENT

Public Issue of 11,878,138 Equity Shares of Rs. 10 each for cash at a price of Rs.76 per Equity Share aggregating Rs.902.74 million, (the "Issue") by India Infoline Limited ("IIL" or the "Company" or the "Issue"). 878,138 Equity Shares will be reserved in the Issue for subscription by permanent employees of the Company and it's subsidiaries (the "Employee Reservation Portion"). The face value of the Equity Shares is Rs. 10 and the Issue price is 7.6 times the Face Value. The issue would constitute 27.31% of the post issue paid-up capital of India Infoline Limited.

The Book Running Lead Manager ("BRLM") to the Issue is Enam Financial Consultants Private Limited. The Equity Shares of the company are proposed to be listed on the National Stock Exchange of India Limited and The Stock Exchange, Mumbai and trating is scheduled to start on or around May 17, 2005.

The Issue was made through a 100% book building scheme where in upto 878,138 Equity Shares were reserved for employees. The Net Issue to the Public is thus 11,000,000 Equity Shares. At least 50% of the Net Issue to public or 5,500,000 Equity shares were to be available for allocation  on a discretionary basis to Qualified Institutional Buyers. Further, not less than 25% of the Net Issue to Public or 2,750,000 equity shares was to be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 25% of the Net Issue to Public or 2,750,000 equity shares was to be available for allocation on a proportionate basis to Retail Bidders, subject to valid Bidders, subject to valid Bids being received at or above the Issue Price.

Final Demand

A summary of the Final demand at various price levels as per the electronic book is given below

The Company has received 32896 valid bids for 87178500 Equity shares.

A) Allotment to Non Institutional Bidders:

The Basis of Allotment to the Non Institutional Bidders who bid at the Issue Price of Rs. 76 per Equity Share and above, was finalised in consultation with the 'The National Stock Exchange of India Limited' on a proportionate basis after rounding off to the nearest one share, subject to a minimum allocation of 75 equity shares. The total number of shares allocated in this category is 2750009. A sample of the category-wise details and the Bsisi of Allocation is as under:

B) Allotment to Retail Individual Bidders:

The Basis of Allotment to the Retail Individual Bidders who bid for ar cut off or at the Issue Price of Rs. 76 per Equity Shares and above, was finalised in consultation with the 'The National Stock Exchange of India Limited' on a proportionate basis after rounding off to the nearest one share, subject to a minimum allocation of 75 equity shares. The total number of shares allocated in this category is 2750961. The category-wise details and the Basis of Allocation is as under:

C) Allotment to Qualified Institutional Buyers (QIBs):

D) Allotment to Employees

The Basis of Allotment to the Employees who bid for at the Issue Price of Rs. 76 per Equity Shares and above, was finalised in consultation with the 'The National Stock Exchange of India Limited' on a proportionate basis after rounding off to the nearest one share, subject to a minimum allocation of 75 equity shares. The total number of shares allocated in this category is 878138. The category-wise details and the Basis of Allocation is as under:

The Board of Directors of  India Infoline Limited at its meeting held in Mumbai on May 10, 2005, has approved the basis of allotment of shares as above and allotted the shares to various successful applicants. The Refund Orders will be dispatched by May 12, 2005 to the addresses of  the investors as registered with the depositories. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts, subject to vaalidation of the account details with the depositories concerned. India Infoline Limited is taking steps to get the Equity Shares admitted for trading on the National Stock Exchange of India Limited and The Stock Exchange, Mumbai within seven working days from the date of approval of the basis of allocation.

Allotment details have been hosted on the Registrar's website with the following URL http:// www.intimespectrum.com. All correspondences with reference to this issue should be addressed to the Registrars to the offer quoting full name of the First/ Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Syndicate Member and Place where the bid was submitted and payment details at the following address:

Intime Spectrum Registry Limited, C-13 Pannalal Silk Mills Compound, LBS Marg, Bhandup West, Mumbai 400 078,

Tel: +91-22-5555- 5491/92/93/94 Fax: +91-22-5555 5499 Email: ipo@intimespectrum.com; Website: www.intimespectrum.com

The level of subscription should not be taken to be indicative of either the market price of the Equity Shares either on lisiting or the business prospects of the company.