Basis of Allotment

Unity Infraprojects Limited

Unity Infraprojects Limited

(Originally Incorporated as Unity Builders Limited on April 9,1997 and subsequently changed as
Unity Infraprojects Limited under the Companies Act, 1956 )
Registered and Corporate Office: 1252, Pushpanjali Apartments, Old Prabhadevi Road, Prabhadevi, Mumbai400025.
Tel: +91-22-66665500, Fax: +91-22-66665599.Website: www.unityinfra.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 3,443,000 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF RS. 675/PER EQUITY SHARE AGGREGATING TO RS. 2324.03 MILLIONS COMPRISED A FRESH ISSUE OF 2,768,000 EQUITY SHARES OF RS.10 EACH BY THE COMPANY AND AN OFFER FOR SALE OF 675,000 EQUITY SHARES OF RS.10 EACH (REFERRED TO AS "THE ISSUE"). THE ISSUE COMPRISES OF A RESERVATION OF UP TO 100,000 EQUITY SHARES OF RS.10 EACH FOR THE PERMANENT EMPLOYEES OF THE COMPANY THE ISSUE WOULD CONSTITUTE 25.76% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH AND THE ISSUE PRICE IS RS.675/ EACH. THE ISSUE PRICE IS 67.5 TIMES OF THE FACE VALUE.

The Issue made through the 100% Book Building Process where up to 50% of the net issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds). Further, at least 15% of the net issue to the public was to be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the net issue to the public was to 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 38671 applications for 8,044,589 equity shares resulting in 2.33 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors and Employee categories areas under (Before technical rejections):

Category No. of Applications No. of Shares Subscription
Retail Bidders 38518 2140885 1.82
Non Institutional Bidders 83 288568 0.57
Qualified Institutional Bidders 28 5561190 3.32
Employees 42 53946 0.54

Final Demand
The final demand at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative
Total
Cumulative
% to Total
651 116181 1.43 8147907 100.00
652 117 0.00 8031726 98.57
653 171 0.00 8031609 98.57
654 9 0.00 8031438 98.57
655 144 0.00 8031429 98.57
657 8 0.00 8031285 98.57
658 9 0.00 8031267 98.57
660 270 0.00 8031258 98.57
664 144 0.00 8030988 98.57
665 225 0.00 803084 98.56
668 18 0.00 8030619 98.56
670 117 0.00 8030601 98.56
671 45 0.00 8030484 98.56
675 767772 9.42 8030439 98.56
677 9 0.00 7262667 89.14
660 200349 2.46 7262658 89.14
681 9 0.00 7062309 86.68
685 477 0.01 7062300 86.68
686 198 0.00 7061823 86.67
690 189 0.00 7061625 86.67
694 324 0.00 7061436 86.67
695 882 0.01 7061112 86.66
699 63 0.00 7060230 86.65
700 4230 0.05 7060167 86.65
701 36 0.00 7055937 86.60
708 9 0.00 7055901 86.60
710 171 0.00 7055892 86.60
712 9 0.00 7055721 86.60
714 18 0.00 7055712 86.60
715 18 0.00 7055694 86.60
720 36 0.00 7055676 86.59
723 27 0.00 7055640 86.59
725 108 0.00 7055613 86.59
730 72 0.00 7055505 86.59
732 & Cut Off 7055433 86.59 7055433 , 86.59
8147907 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on 2nd June, 2006

A. 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.675/per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.46 times. The total number of shares allotted in this category is 1,429,383 Equity Shares and the total number of successful allottees is 36137. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to
Total
Total No.
of shares
applied
% to
Total
No. of
Shares
Allocated
Ratio Tbtal No.
of shares
allocated
9 5351 14.25 48159 2.30 9 11:15 35316
18 4694 12.50 84492 4.04 12 FIRM 56328
27 3366 8.96 90882 4.34 18 FIRM 60588
36 2518 6.70 90648 4.33 25 FIRM 62950
45 1951 5.19 87795 4.19 31 FIRM 60481
54 1070 2.85 57780 2.76 37 FIRM 39590
63 11287 30.05 711081 33.97 43 FIRM 485341
72 541 1.44 38952 1.86 49 FIRM 26509
81 157 0.42 12717 0.61 55 FIRM 8635
90 272 0.72 24480 1.17 61 FIRM 16592

Additional

1 3:25 33
99 149 0.40 14751 0.70 68 FIRM 10132
108 147 0.39 15876 0.76 74 FIRM 10878
117 72 0.19 8424 0.40 80 FIRM 5760
126 246 0.65 30996 1.48 86 FIRM 21156
135 5620 14.96 758700 36.24 92 FIRM 517040
144 123 0.33 17712 0.85 98 FIRM 12054

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional Investors category, who have bid at and above the Issue Price of Rs.675/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.57 times. Hence full and firm allotments have been made against all valid applications. The total number of shares allotted in this category is 288225 Equity Shares and the total number of successful allottees is 81. The unsubscribed portion of 213225 equity shares has been added to Retail Individual Investors category.

C. Employees
The Basis of Allocation to the Employees category, who have bid at and above the Issue Price of Rs.675/- per Equity Share, wasfinalized in consultation with BSE. The category was subscribed to the extent of 0.54 times. Hence full and firm allotments have been made against all valid applications. The total number of shares allotted in this category is 53892 Equity Shares and thetotal number of successful allottees is 41. The unsubscribed portion of 46108 equity shares has been added to Retail Individual Investors category.

D. Allocation to QIBs
Allocation to QIBs have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (83575) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (1587925) on proportionate basis. The sectoral cep and other limits applicable to the holding of shares in company have been taken into account while allotting shares. Mutual Funds were allotted 18.84% for OIB segment and other QIB applicants were allotted 81.16% of the shares for QIB segment.

Category Fls/Banks MFs Flls Total
No.of Shares 84522 314918 1272060 1671500
No. of Successful allottees 4 12 10 26

The IPO Committee of Board of Directors ofthe company at it's Meeting held at Hyderabad on 5th June, 2006 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants. The Refund Orders/electronic refund instructions and allotment advice has been dispatched to the address of the ' investorsas registered with the depositories on or before June 07, 2006. 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 is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited. In this respect the company has filed for listing and trading permission with the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on June 06, 2006 & June 05, 2006 respectively.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy Computershare Private Limited at www.karvy.com or htip://kcpl.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrars 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
Unit: Unity Infra, Karvy House, 46, Avenue 4,
Street No.1,BanjaraHills, Hyderabad-500034
Fax: 040-23420814.
Email: deccan.ipo@karvy.com or mailmanager@karvy.com

TOLL FREE -HELPLINE NUMBER 1-800-3454001

 

Place : Mumbai
Date : 8/6/2006

For Unity Infraprojects Limited
Sd/
Sushant Karpe
Company Secretary

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