Basis of Allotment

Ramkrishna  Forgings  Limited

Ramkrishna  Forgings  Limited

(Incirporated as Private Limited Company on November 12, 1981 in West Bengal and converted to a Public Limited Company vide Fresh Certificateof Incorporation dated 30th   may, 1995)

Regd. Office :6, Waterloo Street, 4th Floor, Kolkata-700 069,India, Tel. : (033)22420018 / 22435613, Fax : (033) 22420019, E-mail : info@ramkrishnaforgings.com, Website :www.ramkrishnaforgings.com

PUBLIC ISSUE OF 61,25,000 EQUITY SHARES OF Rs 10 EACH ISSUED FOR CASH AT A PREMIUM OF Rs 10 PER SHARE AGGREGATING Rs 1225.00 LACS.

The Board of Directors of Ramkrishna Forgings Limited("company") thank the investing public for their encouraging response to the Public Offer of Equity Shares of the company which opened for subscriptionon April 2, 2004 and closed on April 10, 2004.

                                                             BASIS OF ALLOTMENT

The Company has recieved14,757 applications for a total of 3,01,52,050 shares resulting in over subscription of 4.92 times.

the Basis of allotment was finalized on April 28,2004 in consulation with the National Stock Exchange of  India Limited and the Board of Directors have allotted the shares at their meeting held on 28th April, 2004 as per details given below.

                                                                HIGHLIGHTS

                                       No. of times subscribed                    Overall       :   4.92 times
                                       Public Category                                 -Retail        :   4.18 times
                                                                            -Non Retail              :   5.59 times
                                            Total No. of valid applications                              :     14,463

i)Retail category (upto Rs 50,000)

The company has received14,206 valid application for a total of 1,27,98,800 Equity Shares resulting in 4.18 times over subscription in the category. Allotments have been made to the applicants in proportion to the inverse of the subscription ratio,rounded off to the nearest marketable lot of 100 shares and the number of shares allotted is 30,62,500.allotment of shares upto the category of 300 shares have been made on the basis of draw of lots.

Details of allotment made under this category are:

         category No. of Shares Applied              Ratio No. of shares Allottedto each Allottee Total No. of Shares Allotted in this Category
             100         229500              15:47              100            73200
             200         446800                1:2              100          111700
             300         386100                3:4              100            96500
             400         103600               Firm              100            25900
      500-600       1208600               Firm              100          235700
    700-1000       1710800               Firm              200          354400
  1100-1400         433500               Firm              300          113400
  1500-1800         470800               Firm              400          121200
  1900-2200       1259700               Firm              500          310500
  2300-2500       6549400               Firm              600        1620000
Total     12798800            3062500

ii)Non-retail Category -- Individuals above Rs 50,000/-,Corporates and Others

The Company has received 257 valid applications for a total of 1,71,33,200 Equity Shares resulting in oversubscription of 5.59 times, Allotments have been made ot applicants in proportion to the to the inverse of the subscriptionratio,rounded off to the nearest marketable lot of 100 shares and the number of shares alloted is 30,62,500 .allotment of shares in this category have been made on firm basis. Details of allotment made  under this category are:

Category No. of shares Applied              Ratio No. of shares allotted to each Allottee Total No. of Shares Allotted in this Category
500-600 1700 Firm 100 300
1000 4000 Firm 200 800
1500 1500 Firm 300 300
2000-2500 39000 Firm 400 6400
2600-3000 28900 Firm 500 5000
3100-3500 20400 Firm 600 3600
3800-4000 11800 FIrm 700 2100
5000-5100 240100 FIrm 900 43200
5500 5500 Firm 1000 1000
6000-6200 61600 Firm 1100 11000
7500 22500 Firm 1300 3900
8000 16000 Firm 1400 2800
8500 8500 Firm 1500 1500
9000 9000 Firm 1600 1600
10000-10100 180100 Firm 1800 32400
11000 22000 Firm 2000 4000
12500 150000 Firm 2200 26400
15000 60000 Firm 2700 10800
20000 120000 Firm 3600 21600
22000 22000 Firm 3900 3900
25000-25100 900100 Firm 4500 162000
29000 29000 Firm 5200 5200
35000 105000 Firm 6300 18900
50000 1000000 Firm 8900 178000
51000 51000 Firm 9100 9100
70000 70000 Firm 12500 12500
75000 375000 Firm 13400 67000
93500 93500 Firm 16700 16700
100000 1400000 Firm 17900 250600
125000 625000 Firm 22300 111500
200000 400000 Firm 35700 71400
250000 2000000 Firm 44700 357600
360000 360000 Firm 64300 64300
500000 1000000 Firm 89400 178800
1200000 1200000 Firm 214500 214500
1500000 4500000 Firm 268100 804300
2000000 2000000 Firm 357500 357500
Total 17133200     3062500

Despatch of refund orders,wherever applicable,wil be completed by 30th April, 2004 .Credit of shares to the beneficiary accounts of the successful allottees shall be completed by 30th April,204 subject to verification of the beneficiary details with the depositories concerned.

The company has submitted the applications for Listing and Trading of the equity shares of the company to the various stock exchanges as under:

(i) The National Stock Exchange of India Limited on 28th April, 2004.

(ii)The Stock Exchange,Mumbai on 28th April, 2004.

Applicants may access www.karvy.com for ascertainingthe status of the applications lodged by them.

All future correspondence in this respect should be addressed to the Registrar to the issue quoting Full Name of the first applicant, Serial no. of the application form , No. of shares applied for ,and Name of the Bank Branch where the application was lodge, at the following address:-

KARVY COMPUTERSHARE PRIVATE LIMITED

Unit: Ramkrishna Forgings Limited

Karvy House, 46, Avenue IV, Street No. 1, Banjara Hills, Hyderabad-50 034

Tel. No. (040)2331 2454 ; Fax No. (040) 2331 1968, E-mail :mailmanager@karvy.com

 

Place : Kolkata                                                                           for RAMAKRISHNA FORGINGS LIMITED

Date :April 29, 2004.                                                                                              Sd/-

                                                                                                                     Rajesh Mundhra

                                                                                                                   Company Secretary





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