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ALLCARGO GLOBAL LOGISTICS LIMITED

(Our Company was incorporated as All Cargo Movers (India) Private Limited, as a private company on August 18,1993 under theCompanies Act, 1956. The name of our Company was changed to Allcargo Movers (India) Private Limited on June 25, 2004.Consequently the name of our Company was changed to Allcargo Global Logistics Private Limited on December 8, 2005 and was converted into a public limited company on January 17, 2006.)

Registered and Corporate Office: Diamond Square, 5th Floor, CST Road, Kalina, Santacruz (East), Mumbai-400098.
Tel: +9122 66798100. Fax: +9122 66798195. Contact person: Mr. Yogesh Kolwalkar:Web site:www.allcargoglobal.com, Email: ipo@allcargoglobal.com

BASIS OF ALLOTMENT

Public Issue of 2,079,000 Equity Shares of Rs.10/- each issued for cash at a price of Rs.675/- per share aggregating Rs.1403.33 million (hereinafter referred to as the "Issue") by Allcargo Global Logistics Limited ("the Company" or "Issuer"). The Issue comprises of reservation of 51,000 Equity Shares aggregating Rs. 34.43 million for permanent employees on a competitive basis and the "net issue to public" of 2,028,000 Equity Shares aggregating Rs.1368.90 million. The Issue constitutes 10.26% of the post issue paid up capital of the Company.

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

In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the post-Issue capital, and the Issue being made through the 100% Book Building Process, at least 60% of the Issue has been allocated on a proportionate basis to OIB Bidders, out of which 5% of the OIB Portion was allocated on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was allocated on a proportionate basis to all OIB bidders, including Mutual Funds, subject to valid bids being received at or above mentioned Issue price.

FINAL DEMAND

The Issue received 8,970 applications for 15,888,618 equity shares resulting in over subscription of 7.64 times. The details of
applications received in the Issue from Employee, Qualified Institutional Buyer, Retail Individual Investors and Non-Institutional Investors categories (before technical rejections) are as under

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange ("BSE") on June 14, 2006. The final demand ( after technical rejections) and allocation of shares in following 4 categories is as under

A. Allocation to Employees
The Employee category was subscribed 0.43 times. All 40 applicants have received full allotments. 22,320 equity shares have been allotted in this category against the reservation of 51,000 equity shares. The under subscription of 28,680 shares has been added to the OIB category.

B. Allocation to QIBs
Allocation to QIBs have been done on a proportionate basis. After adjusting the under subscription from the Employee category, a total of 1,245,480 equity shares were allotted in this category. In terms of SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (62,274) and the balance demand of Mutual Funds and other QIBs were allotted the remaining available shares (1,183,206). 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 24.57 % in the QIB segment and other QIB applicants were allotted 75.43% of the shares. The break up of application received within the QIB segment t is as under

C. Allocation to Retail Investors
The Retail category was subscribed 0.66 times. 398,970 equity shares have been allotted in this category against an offer of
608,400 equity shares. The shortfall of 209,430 equity shares in this category has been added to the Non Retail category. All the valid applicants have received full allotment. The category-wise details of the basis of allocation ( partial ) are as under:

D. Allocation to Non Institutional Investors
The Non Institutional category was over subscribed 3.42 times. 34 applications for 693,783 equity shares were received against an offer of 202,800 equity shares. Subsequent to the spill over of 209,430 shares from the Retail category, a total of 412,230 equity shares have been allotted, due to which the over subscription ratio was reduced to 1.68 times. The category-wise details of the basis of allocation (partial) are as under:

The Board of Directors of the Company at its meeting held at Mumbai on June 14, 2006 has approved the basis of allocation of shares of the Issue and has allotted shares to all successful applicants.

The Allotment Advice / CAN together with ECS intimation / Refund Orders have been dispatched on June 16, 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 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 beneficiary accounts on June 16, 2006 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 Bombay Stock Exchange Limited and the National Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
The allocation details are hosted on the website of Registrar to the Issue, Intime Specturm Registry Limited at WWW.INTIMESPECTURM.COM.

All future correspondence in this regard may kindly be addressed to the Registrar 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 atthe address given below:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound. LBS Road, Bhandup West, Mumbai-400 078.
Tel No.: +91-22-25960320, Fax No.: +91-22-25960329, E-mail:vishwasa@intimespectrum.com

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 ALLCARGO GLOBAL LOGISTICS LIMITED.