Basis of Allotment

EVINIX ACCESSORIES LIMITED

EVINIX ACCESSORIES LIMITED

(Originally incorporated as Evinix Fashion Accessories Private Limited on May 1,1996 under the Companies Act, 1956, subsequently changed its name to Evinix Accessories Private Limited on March 20,2003 and converted to
Public Limited Company on February 3,2006.)
Registered & Corporate Office: KH 43, Sector 45, Mewla Maharajpur, Faridabad (Haryana/121003
Phone No: +91 129 2439654/55  Fax No:+91 129 2437582
E-mail: investors@evinix.in
Contact Person: Mr. Dinesh Garg, Company Secretary & Compliance Officer Website: vww.evinix.in

(On incorporation the Registered Office of the Company was located at 122-129 Suraj Kund Road, New Delhi and was shifted to 37. DSIDC Scheme-I, Okhla industrial Area, Phase B, New Dethi-110020 w.ef. May 1,1998. The'Registered Office was further shifted to the present address w.e.f September 28,2004.)

BASIS OF ALLOCATION

PUBLIC ISSUE OF 35,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 4,200 LAKHS (THE ISSUE'). THE ISSUE WOULD CONSTITUTE 32.71% OF THE FULLY DILUTED POST ISSUE PAID UP EQUfTY CAPITAL OF THE COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH FOR CASH AT PRICE OF RS. 120/- EACH AND THE ISSUE PRICE IS 12TIMES OF THE FACE VALUE.

The issue is being the 100% Book Building  Process wherein upto50% of the issue shall be allocated on proportionate basis to qualified Institutional Buyers (5% of the portion shall be available for allocation on proportinate basis for Mutual Fund only). if at least 50% of the issue can'tbe allocated to QIB bidders, then the entire application money will be refunded. Further, not less than 15% of the Net issue will be available for allocation on a proportinate basis to Non-Institutional Bidders and not less than 35% of the Net issue will be 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 opened for subscription on Monday,February 12,2007 and closed on Thursday,February 15,2007.The issue has received 7543 applications for 11918650 Equity Shares resulting in 3.40 times subscription. The details of the applications received in the issue from Qualified Instituional Buyers, Non-Instituional and Retail investor categories are  as under (Before technical and multiple rejections):

Category No. of Applications No- of Equity Shares Subscription
Qualified Institutional Buyers 4 2278300 1.30
Non Institutional investors 56 6737700 12.83
Retail Investors 7483 2902650 2.37
TOTAL 7543 11918650

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

Bid Price No.of
Equity Shares
% to Total Cumulative Total Cumulative % to total
100 313550 2.5085 1249950Q 100.000
101 50 0.0004 12185950 97.4915
102 7500 0.0600 12185900 97.4911
103 NIL NIL 12178400 97.4311
104 NIL NIL 12178400 97.4311
105 NIL NIL 12178400 97.4311
106 250 0.0020 12178400 97.4311
107 NIL NIL 12178150 97.4291
108 NIL NIL 12178150 97.4291
109 NIL NIL 12178150 97.4291
110 259900 2.0793 12178150 97.4291
111= NIL NIL 11918250 95.3498
112 250 0.0020 11918250 95.3498
113 NIL NIL 11918000 95.3478
114 NIL NIL 11918000 95.3478
115 1100 0.0088 11918000 95.3478
116 NIL NIL 11916900 95.3390
117 50 0.0004 11918900 95.3390
118 NIL NIL 11916850 95.3386
119 NIL NIL 11916850 95.3386
120 9191300 73.5333 11916850 95.3386
Cutoff 2725550 21.8053 2725550 21.8053
TOTAL 12499500 100.0000

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on February 27,2007.

A. Allocation to Retail Investors
The category was over subscribed 2.27 times. The total number of shares allocated in this category is 1225000 Equity Shares. The 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 Ratio Total No. of Allocated
50 1864 26.143 93200 3.349 50 11:25 41000
100 900 12.622 90000 3.234 50 22:25 39600
150 360 5.049 54000 1.940 67 FIRM 24120
200 392 5.497 78400 2.817 88 FIRM 34496
250 123 1.725 30750 1 105 110 FIRM 13530
300 103 1.444 30900 1.110 132 FIRM 13596
350 44 0.617 15400 0.553 154 FIRM 6776
400 648 9.088 259200 9.313 176 FIRM 114048
450 29 0.406 13050 0.469 198 FIRM 5742
500 23 0.322 11500 0.413 220 FIRM 5060
550 10 0.140 5500 0.198 243 FIRM 2430
600 19 0.266 11400 0.410 264 FIRM 5016
650 4 0.056 2600 0.093 288 FIRM 1152
700 9 0.126 6300 0.226 308 FIRM 2772
750 11 0.154 8250 0.298 330 FIRM 3630
800 2591 36.339 2072800 74.474 352 FIRM 912032

B. Allocation to Non Institutional investors
The category was subscribed 11.98 times. The total number of shares allocated m this category is 525000 Equity Shares. The details of the Basis of Allocation of some of the categories are as under: (Sample)

Category No. of Applns. % to Total Total No .of
Shares Applied
% to Total No. of Shares Allocated Ratio Total No. of Allocated
900 1 2.08 900 0.01 75 FIRM 75
1600 2 4.17 3200 0.05 134 FIRM 268
1650 1 2.08 1650 0.03 138 FIRM 138
1700 1 2.08 1700 0.03 142 FIRM 142
2000 1 2.08 2000 0.03 167 FIRM 167
2400 1 2.08 2400 0.04 200 FIRM 200
2500 1 2.08 2500 0.04 209 FIRM 209
4150 2 4.17 8300 0.13 346 FIRM 692
5400 1 2.08 5400 0.09 451 FIRM 451
7250 1 2.08 7250 0.12 605 FIRM 605
9000 1 2.08 9000 0.14 751 FIRM 751
10000 2 4.17 20000 0.32 834 FIRM 1668
16000 1 2.08 16000 0.25 1335 FIRM 1335
20000 1 2.08 20000 0.32 1669 FIRM 1669
20800 1 2.08 20800 0.33 1736 FIRM 1736
21000 1 2.08 21000 0.33 1752 FIRM 1752
30000 1 2.08 30000 0.48 2503 FIRM 2503
35000 3 6.25 105000 1.67 2920 FIRM 8760
41600 1 2.08 41600 0.66 3471 FIRM 3471
41650 2 4.17 83300 1.32 3475 FIRM 6950
42500 1 2.08 42500 0.68 3546 FIRM 3546
50000 1 2.08 50000 0.79 4172 FIRM 4172
78000 1 2.08 78000 1.24 6508 FIRM 6508
87500 1 2.08 87500 1.39 7301 FIRM 7301
165000 1 2.08 165000 2.62 13767 FIRM 13767
333350 1 2.08 333350 5.3 27814 FIRM 27814
375000 1 2.08 375000 5.96 31290 FIRM 31290
416700 2 4.17 833400 13.2 34769 FIRM 69538
500000 1 2.08 500000 7.95 41720 FIRM 41720
980000 1 2.08 980000 15.6 81770 FIRM 81770
1041800 1 2.08 1041800 16.6 86927 FIRM 86927

C. Allocation to QIBs
As per SEBI guidelines, Mutual Funds were to be allocated 5% of the quantum of shares available (I.e. 87500 Equity Shares) and other QIBs and unsatisfied demands of Mutual Funds were allocated the remaining available Equity Shares (i.e. 1662500 Equity Shares) on proportionate basis. Total number of shares allocated in this category is 1750000 Equity Shares.

Category Fls/Bank MF Fits Insurance companies VCs Total
No. of Shares 1662500 87500 Mil Nil Nil 1750000

The Board of Directors of the Company at its Meeting held at Registered Office of the Company at Mewla Maharajpur, Faridabad, Haryana on February 28, 2007 has approved the Basis of Allocation of shares and allocated the shares to various successful applicants. The physical refund warrant, Information regarding refunds through electronic modes (ECS, RTGS, NEFT or Direct Credit) and allotment advise have been despatched to the address of the investor as registered with the depository on March 1,2007. In case the same Is not received within ten (10)days, investors may contact Registrarto the Issue at the address given below.

The Equity Shares allocated to successful applicants have being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on March 1,2007.

The listing application has been filed with tile Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) on March 1,2007 and Company Is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limlted(BSE) and National Stock Exchange of India Limited (NSE) within seven working days of finalisafion of the Basis of Allocation.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrar to the issue, Beetal Financial & Computer Services (P) Limited at www.beetalfinancial.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-Appllcatlon form, Number of shares bid for, Name of the Member of the Syndicate. Place where the bid was submitted and payment details at the address given below:

Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor, 99 Madangir, Behind Local Shopping Centre, New Delhi-110 062
Phone:+91-11-29961281 (6 lines) Fax:+91-11-29961284
E-mail: beetal@beetalfinancial.com Website: www.beetalfinancial.com
Contact Person: Mr. Punit Mlttal

This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other Jurisdiction, Including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.

 

Place: Faridabad
Date: March 1,2007

For Evinix Accessories Limited
Sd/-
Dinesh Garg
Company Secretary

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 EVINIX ACCESSORIES LIMITED.

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