Basis of Allotment

EDUCOMP SOLUTIONS

EDUCOMP SOLUTIONS

(Incorporated on September 7, 1994 under the Companies Act, 1956 as Educomp Datamatics Pvt.Ltd. Converted into Educomp Datamatics Limited on September 18, 2000 and Received fresh Certificate of Incorporation consequent to change of name to Educomp Solutions Limited on August 22, 2005)

Compliance Officer: Mrs. Sangeeta Gulati, Tel: 91-11- 25755920, 25762725, 25753258,25762726 Fax: + 91-11- 25766775 e-mail: investorgrievances@edumatics com, website: www.educomp.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 40,00,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS.125/AGGREGATING TO RS. 5000 Lakhs (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE WOULD CONSTITUTE 25.06% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 AND THE ISSUE PRICE IS 12.5 TIMES OF THE FACT: VALUE.

The Board of Directors of Educomp Solutions Limited, wish to thank the investing public for their response to the issue which opened on 19th December, 2005.

The Issue was made through a 100% Book Building process wherein upto 50% of the net Issue was to be allocated on a basis to Qualified Institutional Bidders (QIBs). Further, not less than 15% of the Net issue was made available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue was made available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 96610 applications for 135399577 equity shares resulting in 33.8499 times subscription. The details of the application received in the Issue from Retail Individual Bidders, Non Institutional Investors and Qualified Institutional Buyers categories is as under:

Category No. of Applications No of Shares Bid* No. of times Subscribed #
Retail Individual Bidders 96283 30127152 211.5193
Non Institutional Bidders 240 48915925 81.5265
Qualified Institutional Buyers 87 56356500 28.1782
Total 96610 135399677 33.8488

*Including bids received at cut off price # after eliminating cheque returns.

Final Demand
A sample of the final demand at different bid prices Is as under

Book Analysis as of 22-12-2005

Rate No of Apple No of Shares Cumulative No of Apple Cumulative No of Shares %age to Size
110 319 206850 97016 139422600 100.00
111 154 119650 96967 139398350 99.98
112 14 3600 96967 139390450 99.98
113 1 550 96963 139389900 99.98
114 4 1100 96963 139389850 99.98
115 167 711700 96959 139388750 99.98
116 4 11600 96939 139351600 99.95
117 156 138600 96938 139350700 99.95
118 13 1800 96932 139339500 99.94
119 1 400 96930 139339200 99.94
120 141 1079850 96930 139339150 99.94
121 2 100 96874 139287500 99.90
122 1 100 96872 139287400 99.90
123 5 600 96872 139287400. 99.90
124 24 8250 96871 139287350 99.90
125 4450 110406950 96864 139285050 99.90
9999 92469 28904750 92452 28901250 20.73

The Basis of Allotment was finalized in consultation with National Stock Exchange of India Limited ("NSE°) on 3'" January 2006.

A) Allocation to Retail Individual Bidders
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at Issue Price of Rs.125/- per Equity Share, finalized in consultation with NSE. The category was subscribed 20.8214 times. The total number of shares allotted in this category is 1400000 Equity Shares. The sample of category-wise details of the Basis of Allocation are as under:

Category No. of
Applns.
% to
Total
Total No.of
shares applied
% to
Total
No. of Shares allocated
1n the category
Ratio Total No.of
Shares allocated
50 12343 13.18 617150 2.12 50 1:21 29500
100 12608 13.46 1260800 4.33 50 2:21 60250
150 5230 5.59 784500 2.69 50 1:7 37450
200 9686 10.34 1937200 6.65 50 4:21 92550
250 2947 3.15 736750 2.53 50 5:21 35100
300 4320 4.61 1296000 4.45 50 2:7 61800
350 26809 28.63 9383150 32.19 50 27:80 452400
400 5009 5.35 2003600 6.87 50 8:21 95500
450 373 0.40 167850 0.58 50 3:7 8000
500 773 0.83 386500 1.33 50 10:21 18400
550 129 0.14 70950 0.24 50 11:21 3400
600 350 0.37 210000 0.72 50 4:7 10000
650 84 0.09 54600 0.19 50 13:21 2600
700 295 0.32 206500 0.71 50 14:21 9850
750 2191 2.34 1643250 5.64 50 5:7 78250
800 10489 11.20 8391200 28.79 50 61:79 404950

B) Allocation to Non Institutional Bidders
The Basis of Allocation to the Non Institutional Investors, who have bid for at Issue Price of Rs. 125/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 81.4806 times. The total number of shares allotted in this category is 600000 Equity shares. A sample of category-wise details of the Basis of Allocation are as under

Category

No. of
Appins.

% to
Total

Total No. of
shares applied

% to
Total

No. of Shares allocated
In the category

Ratio

Total No. of
Shares allocated

850

16

7.02

13600

0.03

50

3:16

150

900

2

0.88

1800

0.00

50

1:2

50

950

2

0.88

1900

0.00

50

1:2

50

1000

18

7.89

18000

0.04

50

2:09

200

2500

5

2.19

12500

0.03

50

3:05

150

5000

4

1.75

20000

0.04

61

Firm

244

15000

1

0.44

15000

0.03

184

Firm

184

160000

6

2.63

960000

1.96

1964

Firm

11784

400000

2

0.88

800000

1.64

4909

Firm

9818

2200000

1

0.44

2200000

4.50

27000

Firm

27000

2400000

1

0.44

2400000

4.91

29455

Firm

29455

4000000

5

2.19

20000000

40.91

49040

Firm

245200

C) Allocation to Qualified Institutional Bidders

Category FIs/Banks MFs FIIs Total
No. of  Shares 40500 1126500 833000 2000000

The Board of Directors of Educomp Solutions Limited at its Meeting held at Gaja Capital Partners, Mumbai on 6'" January 2006 has approved the basis of allocation of shares and allotted the shares to various successful applicants

The despatch of Refund Orders has been completed by January 06, 2006 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 printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has submitted the listing application. The Company Is taking steps to get the Equity shares admitted for trading on the on the National Stock Exchange of India Ltd and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
The details of the allocation made have been hosted on the webalte of 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 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 where the bid was submitted and payment details at the address given below

INTIME SPECTRUM REGISTRY LIMITED
Unit: EDUCOMP SOLUTIONS LTD.,
C-13, Pannalal Silk Mills Compound, Kantilal Maganlal Industrial Estate
LBS Marg Bhandup (W) Mumbai - 400 078. Tel : 5565 5491-94; Fax: 5555 5499
Website: www.intimesspectrum.com; Email: educomp@intimespectrum.com; Contact Person: Mr. Haren Modi


Place : Mumbai
Date : 10th January, 2006

For Educomp Solutions Limited
Sd/-
Managing 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 EDUCOMP SOLUTIONS LIMITED.

Close