Basis of Allotment

K

K.M. SUGAR MILLS LIMITED

(The Company was Incorporated as K. M. Sugar Mills private Limited on 17th December, 1971 With Registrar of Companies, Uttar Pradesh, Kanpur and was converted into a Public Limited Company on 13th September, 1974. The Company was converted back to a private limited comany on 24th April, 2002 and then again converted into a Public Limited Company with its present names as K.M. Sugar mills Limited on 20th April, 2005)

Regd Ofice : 11, Moti Bhavan, Collectorganj, kanpur-208 001
Tel: (91-512)-2310762, Fax: (91-512)-2310762.

Corporated Office and works: Post Ofice Moti Nagar, District Faizabad-224 2001
Tel: (91-5278)-254059, 254173 Fax: (91-5278)-254034 Website: www.kmsugar.com ; Email: ipo@kmsugar.com

BASIS OF ALLOTMENT

Public Issue of 64,00,034 Equity Shares of face value of Rs. 10/-each at a premium of Rs.42/-per share aggregating Rs,3328 Lacs.

The Basis of Allotment of Public Issue was approved by Bombay Stock Exchange Limited on November 09th, 2005. The Committee of Directors of the Company at its Meeting held at Faizabad on 09th November 2005 at 6:00pm allotted the shares to be successful applicants.   Details of applications received, allotments done are as under:

PUBLIC ISSUE

The details of the applications received in the Issue from Retails Category, Corporated/Institutions (Non Retail Category)/Employee"s are as under:

Category No.Of Applications No.of Shares Subscription
(No.of times)
Category No. Of Applications No.of Shares
Retail & Non Retail Investors 74729 97061100 16.62(Retail)
16.61(Non-Retail)
Employees 39 655000

A. Allotment to Retail Investors.

The total number of Shares allotted in this category is 33,89,528 Equity Shares(58.44% of total shares allotted to Retail category). The Category-wise details of allotment are given below. Each allottee has been allotted 100 Sahres (*except as mentioned in the table here in below)

Category No.of Applications % to Total Ratio Category No.of Applications % to total Ratio Category No.Of Applications % to toal Ratio
100 7531 10.22 3:50 800 2607 3.54 12:25 1500 590 0.80 9:10
200 7584 10.29 3:25 900 29269 39.73 44:81 1600 192 0.26 31:32
300 2787 3.78 9:50 1000 1282 1.74 3:5 1700* 50 0.07 FIRM
400 1817 2.47 6:25 1100 92 0.12 2:3 1800* 139 0.19 FIRM
500 8798 11.94 15:50 1200 56 0.08 5:7 1900* 7594 10.31 FIRM
600 1499 2.03 9:25 1300 121 0.16 16:21

*Firm Allotment of 102,108&114 shares repectively has been done to applicants who have applied for 1700,1800&1900shares.

700 1617 2.19 21:50 1400 45 0.06 13:15

B. Allotment to Bodies Corporate/Institutions(Non Retail Category)

The total number of shares allotted in this category is 24,10,506 Equity Shares.(41.56% of total shares allotted to Non-Retail category)

2000 Shares category onwards the Allotment of shares has been proportionate and Firm

C. Allotment to Employees.

The Company has received 38 Valid application for 6,00,000 shares. All applicants have been allotted shares on a firm basis and the total no of shares allotted in this category is 6,00,000 Equity shares.

Dates of dispatch of Refund Orders, Credit to beneficiary Accounts and Listing details

Activity Date of Completion
Approval of Basis of Allotment by BSe
Despatch of Allotment Advices and Refund Orders
Listing Application to BSe
Electronic Credit to Beneficiary A/c with CDSL and NSDL
Listing &trading Permission from BSE
09/11/2005
11/11/2005
10/11/2005
10/11/2005&11/11/2005 respectively
11/11/2005

The Refund Orders have been despatched to the address of the investors as registered with the depositories. 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 have been credited to their beneficarey 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 Bombay Stock Exchange Limited (BSE) with in seven working days from the date of approval of the Basis of Allotment.

INVESTORS PLEASE NOTE

Investors should note that they should deal in the new quity shares of the Company only after confirming that the Listing and trading permission for the same have been obtained from BSe.

This details of the allocation made would be hosted on the website of the Registrars to the Issue,Intime Spectrum Registry Limited at www.intimespectrum.com

All future correspondence in this regard may kindly be addressed to the Registrars to the issue quoting full nameof the First/Sale applicant, Serial No.of the Applicant form number of shares applied for and the name of the Bank branch Where the application was lodged at the following address given below:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup(W), Mumbai-400 078.
Tel: (022)5555 5491-94; Fax: (022) 5555 5499
Email: kmsugar@intimespectrum.com




Place :
Mumbai
Date  :November 11th, 2005

For K.M. Sugar Mills Limited

Sd/-
Sanjiva Gaur
Company Secretary

THE LEVEL OF SUBCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE QUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF K M SUGAR MILLS LIMITED.

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