Basis of Allotment

d hu n ik Metaliks Limited

Adhunik Metaliks Limited

(Incorporated on August 21,1986 underthe Companies Act, 1956 as Neepaz Metaliks Private Limited. The name of the company subsequently changed as Adhunik Metaliks Limited w.e.f., 9th August, 2005)
Registered Office: 14,N S Road, 2th floor, Kolkata700001. Tel:+91-3322434355, Fax+91-33-22434355 Website: www.adhunikgroup.com,Emal: info@adhunikgroup.com`

BASIS OF ALLOCATION

PUBLIC ISSUE OF 27,027,027 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF RS. 37/- PER EQUITY SHARE AGGREGATING TO RS- 10000 LACS(REFERREDTOAS THE ISSUE''), OF WHICH 1,351,351 EQUITY SHARES RESERVED FOR SUBSCRIPTION BY PERMANENT EMPLOYEES OF THE COMPANY. THE ISSUE WOULD CONSTITUTE 29.62% OF THE ''FULLY DILUTED POST ISSUE CAPITAL OF THE COMPANY

THE FACE VALUE EQUITY SHARE IS RS.10/-EACH FOR CASH AT A PRICE OF RS.37/- EACH AND THE ISSUE PRICE IS 3.7 TIMES OF THE FACE VALUE.

The Issue made through the100% Book Bull Process where at least 50% of the net issue to the puaic was to be allocated on aproportbnate basis to Qualified InstitutionaI Buyers ("QIBs") (including5% of the QIB portion that was to specifically blotted to mutual funds)., Further, up to 15% of the net issue to the public shall be avail" for allocation on a proportionate basis to Non-Institutional Biddersand up to 35% of the net issue to the public shall 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 16077 applications for 91556579 equity shares resulting in 3.38 times subscription. The details of the applications received in the Issuetrom Qualified institutional Buyers, Non-Institutional, Retail Individual Investors and Employees categories are as under (Before technical rejections):

Category No. of Applications No. of Shares Subscription
Retail Bidders 15904 12474979 1.38
Non Institutional Bidders 69 6863550 1.78
Qualified Institutional Bidders 21 70988100 5.49
Employees 83 12299.50 0.91

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

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
37 1385850 1.40 98843700 100.00
38 18900 0.02 97457850 98.60
39 10200 0.01 97438950 98.58
40 32852550 33.24 97428750 96.57
41 12750 0.01 64576200 65.33
42 & Cut Off 64563450 65.32 64563450 65.32
98843700 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on 29"' March, 2006.

A. Employees
The Basis otAllocation to the Employees category, who havebid at cuf-off or at and above the Issue Price of Rs.37/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.87 times. Hence, full and firm allotments have been made against all applications. The total number of shares allotted h this category is 1180500 Equity Shares. The unsubscribed portion of 170851 equity shares has been added to Qualified Institutional Buyers, Retail Individual Investors and Non-institutional categories in the ration of 50:15:35.

B. 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. 37/-par Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.34 times. The total number of shares allotted in this cat ory is 9046284 Equity Shares- The 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 Ratio Total No. of
Shares allocated
150 3448 22.36 517200 4.26 150 26:35 384150
450 1469 9.53 661050 5.45 335 FIRM 492115
ADDITIONAL 1 2:15 196
1200 193 1.25 231600 1.91 894 FIRM 172542
1500 111 0.72 166500 1.37 1118 FIRM 124098
1950 25 0.16 48750 0.40 1453 FIRM 36325
2100 46 0-30 96600 0.80 1565 FIRM 71990
2400 2 0.01 4800 0.04 1789 FIRM 3576
2700 30 0.19 81000 0.67 2012 FIRM 60360

C. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional investors, who have bid at and above the Issue Price of Rs.37/- per Equity Share, was finalized in consultaton with BSE. The category was subscribed 1.77 times. The total number of shares allotted in this category is 3876980 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under.

Category No. Of Applns. % to total Total No. of
Shares applied
% to total No. of Shares allocated Ratio Total No. of
Shares allocated
3000 1 1.45 3000 .04 1695 FIRM 1695
10200 1 1.45 10200 0.15 5762 FIRM 5762
51000 2 2.90 102000 1.49 57616 FIRM 57616
94500 1 1.45 94500 1.38 53380 FIRM 53380
122550 1 1.45 122550 1J9 69224 FIRM 69224
200100 1 1.45 200100 2.92 113030 FIRM 113030
238050 2 2.90 476100 6.94 268932 FIRM 268932
476250 1 1.45 476250 6.94 269017 FIRM 269017
1190400 1 1.45 1190400 17.34 672415 FIRM 672415
1904700 1 1.45 1904700 27.75 1075901 FIRM 1075901

D. Allocadon to QIBs
Allocation to QIBs have been done on a proportionate basis. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (646163) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (12277100) on proportionate basis. The sectoral cap and other limits applicable to the holding of shares in company have been taken into account while allotting shares- Mutual Funds were allotted 28.75% for QIB segment and other QIB applicants were allotted 71.25% of the shares for QIB segment.

Category FIs/Banks Mills File Total
No.of  Shares 1009036 3715066 8199161 12923263

The Committee of Directors of the company at its Meeting held at Hydrabad on 31 st March, 2006 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successfulapplicants.
The Refund Orders and allotment advice and notice has been dispatched 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 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 National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue Karvy Computer share Private Limited at www.karvy.com or http://karisma.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:

Kervy Computershare Private Limited
Unit: Adhunik, Karvy House, 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad-500034. Email: adhunikipo0karvy.com or mailmanager@karvy.com

TOLL FREE -HELP LINE NUMBER
1-600-3454001



Place: Kolkata
Date : 01 April, 2006

ForAdhunlk Metaliks Limited
sd/-
Sougata Sen Gupta
(Company Secretary)

THE LEVELOF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHERTHE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ADHUNIKMETAUKS LIMITED.

Close