Basis of Allotment

ORIENTAL TRIMEX LIMITEDRegistered Office

ORIENTAL TRIMEX LIMITED

Registered Office: 708,7th Floor, Padma Tower-1,5 Rajindra Place, New Delhi 110008
Phone No.: +91 11 41536970, Fax No.: +91 11 25816910; E-mail: ipo@orientaltrimex.com
Corporate Office: 26/25, IInd Floor, Bazar Marg, Old Rajinder Nagar, New Delhi-110060.
Phono No.: + 91 11  25769567/68 Fax No.: + 91 11 25752007
Contact Perton: Mr. Hari Singh Bisht, General Manager (Corporate Affairs) and Company Secretary
Website: www.orientaltrimex.com

(Originally incorporated as Oriental Trimex Private Limited on April 22,1996 under the Companies Act, 1956 and converted to Public Limited Company on February 6,2001. The Registered office of the Company was changed from 26/25 Bazaar Marg, Old Rajinder Nagar, New Delhi -110060 to 708, 7th Floor, Padma Tower-1, 5 Rajindra Place, New Delhi-110008 w.e.f. April 1,2006)

BASIS OF ALLOCATION

PUBLIC ISSUE OF 1,00,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING TO RS. 4,800 LAKHS (THE ISSUE'). THE ISSUE COMPRISES OF PROMOTERS CONTRIBUTION OF 6,00,000 EQUITY SHARES AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING RS. 288 LAKHS. THE NET ISSUE TO PUBLIC IS OF 94,00,000 EQUITY SHARES AT A PRICE OF RS. 48 PER EQUITY SHARE AGGREGATING TO RS. 4,512 LAKHS. THE ISSUE WOULD CONSTITUTE 64.50 % OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH FOR CASH AT A PRICE OF RS.48/- EACH AND THE ISSUE PRICE IS 4.8 TIMES OF THE FACE VALUE.

The Issue is being made through the 100% Book Building Process wherein upto 50% of the Net Issue shall be available for allocation to QIBs, but at least 10% of the Issue size shall be mandatorily allotted to QIBs on a proportionate basis failing which the full subscription monies shall be refunded. Out of QIB portion, 5% shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue will be available for allocation on a proportionate 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 Thursday, February 8, 2007 and closed on Wednesday, February 14,2007. The Issue has received 8788 applications for 8882125 Equity Shares resulting in 0.95 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional 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 1467625 0.31
Non Institutional Investors 40 2213250 1.57
Retail Investors 8744 5201250 1.58
TOTAL 8788 8882125 0.95

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
40 9500 0.1069 8884500 100.0000
41 500 0.0056 8875000 99.8931
42 875 0.0098 8874500 99.8874
43 500 0.0056 8873625 99.8776
44 1250 0.0141 8873125 99.8720
45 2750 0.0310 8871875 99.8579
46 0 0.0000 8869125 99.8269
47 0 0.0000 8869125 99.8269
48 4090125 46.0366 8869125 99.8269
CUTOFF 4779000 53.7903 4779000 53.7903
Total 8884500 100.0000

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on February 26,2007.

A. Allocation to Retail Investors
The category was over subscribed 1.54 times. The total number of shares allocated in this category is 5083250 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
125 3281 39.227 410125 8.0681 125 FIRM 410125
250 1481 17.706 370250 7.2837 250 FIRM 370250
375 496 5.930 186000 3.659 375 FIRM 186000
500 657 7.855 328500 6.4624 500 FIRM 328500
625 181 2.164 113125 2.2254 625 FIRM 113125
750 87 1.043 65250 1.2836 750 FIRM 65250
875 49 0.585 42875 0.8434 875 FIRM 42875
1000 618 7.388 618000 12.1575 1000 FIRM 618000
1125 51 0.610 57375 1.1287 1125 FIRM 57375
1250 34 0.407 42500 0.836 1250 FIRM 42500
1375 3 0.035 4125 0.0811 1375 FIRM 4125
1500 8 0.096 12000 0.236 1500 FIRM 12000
1625 2 0.024 3250 0.0639 1625 FIRM 3250
1750 5 0.059 8750 0.1721 1750 FIRM 8750
1875 7 0.084 13125 0.2582 1875 FIRM 13125
2000 1404 16.787 2808000 55.2402 2000 FIRM 2808000

B.Allocation to Non Institutional Investors
The category was subscribed 1.54 times. The total number of shares allocated in this category is 2161000 Equity Shares. The details of 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
Shares
Allocated
3750 1 2.631 3750 0.1735 3750 FIRM 3750
4000 1 2.631 4000 0.1850 4000 FIRM 4000
4125 1 2.631 4125 0.1908 4125 FIRM 4125
5000 3 7.894 15000 0.6941 5000 FIRM 15000
5250 3 7.894 15750 0.7288 5250 FIRM 15750
6250 1 2.631 6250 0.2892 6250 FIRM 6250
10000 9 23.684 90000 4.1647 10000 FIRM 90000
10375 3 7.894 31125 1.4403 10375 FIRM 31125
20000 2 5.263 40000 1.8509 20000 FIRM 40000
40000 1 2.631 40000 1.8509 40000 FIRM 40000
50000 4 10.526 200000 9.2549 50000 FIRM 200000
84000 1 2.631 84000 3.8870 84000 FIRM 84000
100000 3 7.894 300000 13.8824 100000 FIRM 300000
150000 1 2.631 150000 6.9412 150000 FIRM 150000
156250 1 2.631 156250 7.2304 156250 FIRM 156250
208250 1 2.631 208250 9.6367 208250 FIRM 208250
312500 1 2.631 312500 14.4608 312500 FIRM 312500
500000 1 2.631 500000 23.1374 500000 FIRM 500000

C. Allocation to QIBs

As per SEBI guidelines, Mutual Funds were to be initially allocated 5% of the quantum of shares available(i.e. 235000 Equity Shares) but, as there were no Mutual Funds applicants the reserved portion for Mutual Funds was added back to the QIB category. The category was subscribed 0.31 times. The total number of shares allocated in this category is 1467625 Equity Shares.

Category Fls/Banks MFs Flls Insurance Companies VCs Total
No.of Shares 1467625 Nil Nil Nil Nil 1467625

The Board of Directors of the Company at its Meeting held at D-3, Site-V, Surajpur Industrial Area, Greater Noida, UP on February 27, 2007 has approved the basis of allocation of shares and allocated the shares to various successful applicants.The Physical refund warrant, information regarding refund through electronic modes (ECS, RTGS, NEFT or Direct Credit) and allotment advise have been dispatched to the address of the investors as registered with the depositories on February 28,2007. In case the same is not received within ten days, investors may contact Registrar to the Issue at the address given below.

The Equity Shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on February 28,2007.

The Listing Application has been filed with Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) on February 28,2007 and the Company is taking steps to get the Eq uity Shares admitted for trading on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) within seven working days of finalization 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 www.beetalfinancial.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 Equity 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.beetaifinancial.com
Contact Person: Mr. Punit Mittal

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 underthe US Securities Act of 1933.



Place: New Delhi
Date:  March 01,2007

For Oriental Trimex Limited
Sd/-
Hari Singh Bisht
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 ORIENTAL TRIMEX LIMITED.

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