NISSAN COPPER LTD

(Our Company was incorporated on December 01,1989 as Nissan Copper Private Limited under the Companies Act, 1956, with Registration Number 04-13072. Our Company was converted into a Public Limited Company with effect from December 08, 2005 with its name as Nissan Copper Limited)
Registered Office: Shed No. J/20, GIDC, Umbergaon, Gujarat-396 171; Tel: +91-0260-2562020;
Fax: +91-0260-2563300; Website: www.nissancopper.com
Corporate Office: 1002, Raheja Center, 10th Floor, Nariman Point Mumbai- 400 021; Tel: +91-022- 32522077/81;
Fax: +91-022- 22833889. Contact person: Mr. Rahul Singh, Company Secretary and Compliance Officer;
E-mail: rahulcs@nissancopper.com

BASIS OF ALLOCATION

The Issue being made through the 100% Book Building Process where up to 50% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion was to be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, atleast 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and atleast 35% of the Net Issue to the public shall 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 Board of Directors of Nissan Copper Limited ("The Company") wish to thank all the investors for their response to the Public Issue. The basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited (BSE) on December 19, 2006 and the equity shares have been allotted as per details given below:

Public Issue opened on Monday, December 04, 2006 and closed on Friday, December 08, 2006. The details of applications received are as follows:-

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

A) ALLOCATION TO EMPLOYEES
The Basis of Allocation to the employee category, who have bid at cut-off or at the Issue Price of Rs. 39/- per Equity Share was finalized in consultation with BSE. The total number of shares applied and allotted in this category is 3,31,200. Full and firm allotments have been made in this category. The under subscription of 3,09,826 Equity Shares have been added to Retail and the Non Institutional category. 

B) ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
The Basis of Allocation to Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 39/- per Equity Share, was finalized In consultation with BSE. The Retail category was subscribed 4.28 times. The total number of shares allotted in this category is 22,36,727 Equity Shares. The category-wise details of the Basis of Allocation are as under:

C) Allocation to Non Institutional Investors
The Basis of Allocation to the Non Institutional Investors, who have bid for at the Issue Price of Rs. 39/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 20.23 times. The total number of shares allotted in this category is 9,58,363 Equity Shares. The category-wise details of the Basis of Allocation are as under:

D) Allocation to Qualified Institutional Buyers

The Board fo Director of the Company at their meeting held on 19/12/2006 has adopted basis of allocation of share as approved by the BSE and has allotted the shares to the various succesful applicants.

The dispatch of Refund orders, allotment intimations and RTGS/ECS intimation has been completed as on 21/12/2006. In case the same is not received within ten days, Investors may contact the Registrar to the Issue at the address given below. The Refund orders have been printed with the Bank mandate details as registered, if any with the depositories. The credit in respect of allotment in dematerialised form in Central Depositiory Services India Limited (CDSL) & National Securities Depository Limited (NSDL) to the valid beneficiary accounts have been completed as on 21/12/2006. Applications have been made to BSE & NSE for obtaining listing & trading permission.

INVESTORS PLEASE NOTE

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue i.e; Bigshare Services Pvt. Ltd., 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 Race where the bid was submitted and payment details at the address given below: