Basis of Allotment

JAGJANANI TEXTILES LIMITED

JAGJANANI TEXTILES LIMITED

(Onginally incorporated as a Public Limited Company under the provisions of the Companies Act, 1956 on 1st April 1997 as
"Jagjanani Textiles Limited" vide certificate of incorporation no. 17-013498 & obtained Certificate for commencement of business on 7th May 1997 from The Registrar of Companies, Rajasthan, Jaipur).
Registered Office: S-25 Shyam Nagar, Ajmer Road, Jaipur, Rajasthan - 302 019
Tel: +91-141-2294776, Fax: +91 -141 -2293818,
E-mail: compliance@jagjanani.com; Website: www.jagjanani.com
Corporate Office: F-l4.AshokVihar, Phase I, Delhi-110 052 .
Tel:+91-011-27211221,27241916;Fax:+91-011-27211221;E-mail:sks@iagjanani.com
Contact person: Mr Naresh Sharma, Company Secretary & Compliance Officer; Email: compliance@jagjanani.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 81,00,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS.25/- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING RS.2025 LAKHS. THE ISSUE PRICE IS RS 25/- PER SHARE IS 2.5 TIMES THE FACE VALUE
The Board of Directors of Jagjanani Textiles Limited wish to thank the investing public for their overwhelming response to the Company's maiden Public issue which opened for subscription on Thursday, February 15,2007 and closed on Friday, February 23,2007. The Company had received 5152 application for1,26,80,600 equity shares from indian public resulting in1.5655 times subscription.
The Basis of Allotment was finalised in consultation with the Bombay Stock Exchange Limited  (BSE") (the Designated Stock Exchange) on Thursday, March 08, 2007 and 81,00,000 equity shares have been allotted by the Board of Directors at its Meeting held on March 08, 2007 as mentioned below. The detaits of valid applications received in the issue from the Retail and non-institutional investors categories after rejection and withdrawals are as under:

Category No. of
Valid Applications
% Valid of 
Application
No. of shares
Applied for
Subscription (times)
Retail Investor 5081 99.73 11,115,000 1.473
Non Institutional Investors 13 0.25 8,01,400 1.4719
Firm Allotment 1 0.02 10,000 1

A. ALLOCATION TO RETAIL INVESTORS
The Basis of Allotment to the Retail investors was finalized in consultation with BSE The Company received 5081 valid applications for 1,11,15,000 equity shares in this category resulting in an over subscription of 1.4730 times.The total number of shares allocated in this category is 75,45,542 Equity shares. The category-wise detail of the allotment is as under:

Category No. of Applications % to Total Total No. of
Shares Applied
% to Total No. of Shares Alloted Ratio Total No. of
Shares Allocated
200 1098 21.61 2,19,600 1.98 200 17:25 1,49,800
400 556 10.94 2,22,400 2.00 272 1:1 1,51,232
600 253 4.98 1,51,800 1.37 407 1:1 1,02,971
800 167 359 1,33,600 1.20 543 1:1 90,681
1000 315 650 3,15,000 2.83 679 1:1 2,13,885
1200 32 0.63 38,400 0.35 815 1:1 26,080
1400 13 0.26 18.200 0.16 950 1:1 12,350
1600 21 0.41 33,600 0.30 1,086 1:1 22,806
1800 135 2.66 2,43,000 2.19 1,222 1.1 1,64,970
2000 70 1.38 1,40,000 126 1,357 1:1 94,990
2200 4 0.08 8,800 0.08 1,494 1:1 5,976
2400 2 0.04 4,800 0.04 1,630 1:1 3,260
2600 1 0.02 2,600 0.02 1,765 1.1 1,765
2800 1 0.02 2,800 0.03 1,901 1:1 1,901
3000 17 0.33 51,000 0.46 2,037 1:1 34,629
3200 9 0.18 28,800 026 2,172 1:1 19,548
3400 4 0.08 13,600 0.12 2,309 1:1 9236
3600 8 0.16 28,800 056 2,444 1:1 19,552
3800 209 4.11 7,94,200 7.15 233 1:1 5,39,220
4000 2166 42.63 86,64,000 77.95 2,715 1:1 58,80,690

B. ALLOCATION TO NON INSTITUTIONAL INVESTORS:
The Basis of Allotment to the Non institutional investors was finalized In consultation with BSE. The category was subscribed (net of technical/multiple rejections) 1.4719 times. The Company received 13 valid applications for 8,01,400 equity shares in this category resulting in an over subscription of 1.4730 times. The total number of shares allocated in this category is 5,44,458 Equity shares. The category-wise detail of the allotment is as under

Category No. of Applications % to total Total No. of Shares Applied % to Total No. of Shares Alloted Ratio Total No. of
Shares Allocated
4200 1 7.69 4,200 0.52 2,853 1:1 2,853
6000 1 7.69 6,000 0.75 4,076 1:1 4,076
10000 2 15.38 20,000 2.50 6,794 1:1 13,688
20000 2 15.38 40,000 4.99 13,586 1:1 27,176
40000 1 7.69 40,000 4.99 27,175 1:1 27,175
48000 1 7.69 48,000 5.99 32,610 1:1 32,610
68000 1 7.69 68,000 8.49 46,198 1:1 46,198
75000 1 7.69 75,000 9.36 50,954 1:1 50,954
100200 1 7.69 1,00,200 12.50 68,074 1:1 68,074
200000 2 1539 4,00,000 49.91 1,35,877 1:1 2,71,754

The Board of Directors of the Company at its meeting held at S-25, Shyam Nagar, Jaipur-302019 on March 08,2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.

The physical refund warrants, intimation regarding refunds through electronic modes (ECS, RTGS. NEFT or Direct Credit} and allotment advice have been dispatched to the same address of the investors as registered with the depositories on March 09,2007. Incase 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 as registered, if any, with the deopositiories.

The equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on March 12,2007. The listing application has been filed with the Bombay Stock Exchange Limited on March 12,2007 and the Company is taking steps to complete all formalities for listing and commencement of trading of Equity Shares on the Bombay Stock Exchange Limited within seven working days from the date of allotment.

INVESTOR PLEASE NOTE
The details of allotment have also been posted on the web site of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com

INTIME SPECTRUM REGISTRY LIMITED,
SEBI Ragn NO.INR000003761, UIN No. 100002071,
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (W), Mumbai-400 078,
Tel: +91-022-2596 0320 (9 Lines), Fax: +91-022-2596 0329,
Website: www.intimespectrum.com com, E-mall:jagjanani@intimespectrum.com
Contact Person: Mr. Salim Shaikh


Date : March 13,2007
Place: Jaipur

For JAGJANANI TEXTILES LIMITED
On behalf of the Board of Directors
Sd/-
ShreeGopalVyas
Whole Time 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 JAGJANANI TEXTILES LIMITED.

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