Basis of Allotment

RATHI BARS LIMITED

RATHI BARS LIMITED

Incorporated on 10th Day of August 1993 as Rathi Bars Limited under the Companies Act, 1958 and received the Certificate for Commencement of Business on 18th Dayof March 1994.
Regd. Office: A-24/7, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044
Tel: +91-11-41831191-96, Fax: +91-11-41679787, Email: contact@rathisteels.com, Webste: www.rathisteels.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 7142857 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRCE OF RS. 35 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 25 PER EQUITY SHARE AGGREGATING RS. 2500 LACS (REFERRED TO AS THE "ISSUE"). THE ISSUE WILL CONSTITUTE 43.74% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.35 AND IT IS 3.5 TIMES THE FACE VALUE.
The Board of Directors of Rathi Bars limited wish to thank the investing public, for their response to the issue which opened for subscription on 18th October, 2007 and closed on 23rd October, 2007. The Issue has received 14,740 applications for 1,59,67,602 Equity Shares resulting in 2.16 times subscription. The Basis of allotment was finalised in consultation with the Designated Stock Exchange Bombay Stock Exchange Limited ("BSE") on 16th November, 2007. The details of the Applications received in the Issue from NRI/FIIs, Non-Retail Investors, Retail Individual Investors and Employee categories (before technical rejections) are as under:

Category No. of Applications No. of Shares Subscription
NRI/Flls 85 131300 0.066
Non Retail Investors 43 810750 320
Retail Individual Investors 14612 15025552 320
Employees NIL NIL NIL

A. Allotment to Employees (After Technical Rejections)
There were no valid applications received from the permanent employees of the company .Hence no allotment has been made to them.

B. Allotment to Retail lndividual lnvestors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have applied at the Issue Price of Rs. 35 per Equity Share, was finalised in consultation with BSE. The category was subscribed to the extent of 2.16times. The total number of shares allotted in this category is 6776269 Equity Shares to 12451 successful applicants. The category-wise details of allotment are as under:

Category No. of Applns % to total Total No. of Shares Applied % to total No. of Shares Per Allottee Ratio Total No. of Shares Allotted
150 2717 19.23 407550 2.78 150 6:13 188100
300 2867 20.30 860100 5.87 150 25:27 398250
450 684 4.84 307800 2.10 208 FIRM 142272
ADDITIONAL TO 450 CATEGORY 1 2:17 81
600 754 5.34 452400 3.09 278 FIRM 209612
750 1552 10.99 1164000 7.95 347 FIRM 536544
900 335 2.37 301500 2.06 417 FIRM 139695
1050 268 1.90 281400 1.92 486 FIRM 130248
1200 138 0.98 165600 1.13 555 FIRM 76590
1350 1590 11.26 2146500 14.66 625 FIRM 993750
1500 295 2.09 442500 3.02 694 FIRM 204730
1650 29 0.21 47850 0.33 764 FIRM 22156
1800 46 0.33 82800 0.57 833 FIRM 38318
1950 28 0.20 54600 0.37 902 FIRM 25256
2100 20 0.14 42000 0.29 972 FIRM 19440
2250 126 0.89 283500 1.94 1041 FIRM 131166
2400 21 0.15 50400 0.34 1111 FIRM 23331
2550 47 0.33 119850 0.82 1180 FIRM 55460
2700 29 0.21 78300 0.53 1250 FIRM 36250
2850 2580 18.26 7353000 50.22 1319 FIRM 3403020

C. Allotment to Non Retail Investors(After Technical Rejections)
The Basis of Allotment to the Non-Retail Investors, who have applied at the Issue Price of Rs.35 per Equity Share, was finalised In consultation with BSE. The category was subscribed to the extent of 2.16 times. The total number of shares allotted in this category is 235338 Equity Shares to 30 successful applicants. The category-wise details of Allotment are as under:

Category No. of Applns. % to total Total No. of Shares Applied % to total No. of Shares Per Allottee Ratio Total No. of Shares Allotted
2850 1 3.33 2850 0.56 1319 FIRM 1319
3000 4 13.33 12000 2.36 1388 FIRM 5552
3150 1 3.33 3150 0.62 1458 FIRM 1458
3900 1 3.33 3900 0.77 1805 FIRM 1805
4200 1 3.33 4200 0.83 1944 FIRM 1944
4350 1 3.3 4360 0.86 2013 FIRM 2013
5700 3 10.00 17100 3.36 2638 FIRM 7914
7050 1 3.33 7050 1.39 3263 FIRM 3263
9000 2 6.67 18000 3.54 4166 FIRM 8332
10500 2 6.67 21000 4.13 4660 FIRM 9720
10800 1 3.33 10600 2.12 4998 FIRM 4996
11100 1 3.33 11100 2.18 5137 FIRM 5137
14250 1 3.33 14250 2.80 6595 FIRM 6595
14400 1 3.33 14400 2.83 6664 FIRM 6664
28500 1 3.33 28500 5.60 13190 FIRM 13190
28800 1 3.33 28800 5.66 13329 FIRM 13329
30000 1 3.33 30000 5.90 13884 FIRM 13884
31500 2 6.67 63000 12.39 14579 FIRM 29158
40050 1 3.53 40050 7.88 18535 FIRM 18535
57000 2 6.67 114000 22.42 26380 FIRM 52760
60000 1 3.33 60000 11.80 27768 FIRM 27768

D. Allotment to NRI/Flls

The Basis ot Allotment to the NRI / Flls, who have applied at the Issue Price of Rs.35 per Equty Share, was finalised in consultation with BSE. The category was subscribed to the extent of l.0 times. The total number of shares alloted in this category is 131250 Equity Shares to 85 successful applicants. The category-wise details of Allotment are as under:

Category No. of Applns. % to total Total No. of Shares Applied % to total No. of Shares Per Allottee Ratio Total No. of Shares Allotted
150 1 1.18 150 0.11 150 FIRM 150
600 21 24.71 12600 9.60 600 FIRM 12600
1200 28 32.94 33600 25.60 1200 FIRM 33600
2400 33 38.82 79200 60.34 2400 FIRM 79200
2850 2 2.35 5700 4.34 2850 FIRM 5700

The Commitee of Directors of the company at its meeting held at New Delhi on16thNovember,2007 has approved the basis of allotment of shares and has allotted the shares to various successful applicants.
The various activities related to Dispatch of refund orders, Credit of shares allotted to beneficiary accounts and listing of securities of the Company are listed below.

ACTIVITY DATE OF COMPLETION
Dispatch of allotment advice cum refund order and ECS intimation letter 19.11.2007
Electronic credit to the beneficiary account of allottees 20.11.2007
Refund Instructions to the Clearing System, In case of Refund through ECS 19.11.2007
Submission of listing application to Bombay Stock Exchange Limited 19.11.2007

INVESTORS PLEASE NOTE
These details of the Allotment made have been hosted on the website of Registrars to the Issue, Mas Services Limited at www.masserv.com
All future correspondence in this regard may kindly be addressed to the Registars to the issue quoting full name of the first/ sole applicant, serial number of the application form, number of shares applied for, and place where the application was submitted and payment details  at the address given below.

MAS SERVICES LIMITED
Unit; RATHI BARS LIMITED

AB-4,Safdarjung Enclave, New Delhi 110029, Tel: 011-26104142,26104292,26104326
Email: info@masserv.com

Place: New Delhi
Date: 20 Novernber2007
For RATHI BARS Limited
sd/-
(KAMLESH KUMAR RATH)
Managing Director

THE LEVELOFSUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATWE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF RATHI BARS LIMITED.

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