Basis of Allotment

ASTRAL POLY TECHNIK LIMITED

ASTRAL POLY TECHNIK LIMITED

(Our Company was incorporated on March 25,1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED, under the Companies Act, 1956 with Registration Number 04-29134 of 1995-96. The name of our Company was changed to ASTRAL POLY TECHNIK LIMITED vide Fresh Certificate of Incorporation dated September 29, 2006 with Company Identification Number U25200GJ1996PLC029134. The Registered Office of our Company was shifted from 59, Nehru Park, Vastrapur, Ahmedabad - 380 015 to A-1, Supal Apartments, Nehru Park, Vastrapur, Ahmedabad - 380 015 with effect from January 16,1998 and to its present address with effect from June 4,2001.)
Registered Corporate Office: 901, Parshwa Towers, Opp. Rajpath Club, Sarkhej-Gandhinagar Highway. Ahmedabad- 380 054, India Tel: +91-079-30112100; Fax: +91-079-26872214;
Contect person:Mr.Lokesh Dave (Company Secretary and Compliance Officer)
E-mail:investor@astralcpvc.com Website; www.astralcpvc.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 29,71,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 115/- PER EQUITY SHARE FOR CASH AGGREGATING RS. 3416.65 LACS (HEREINAFTER REFERRED TO AS THE "ISSUE")
THE ISSUE OPENED FOR SUBSCRIPTION ON FEBRUARY 14,2007 AND CLOSED ON FEBRUARY 22,2007

The Company received 11,668 applications for 55,43,710 Equity Shares. Of which valid applications were 11,104 for 51,39,450 Equity Shares. Of the total valid applications received, 10,954 applications were In retail category for 31,19,750 Equity Shares, 150 applications in Non-retail category for 20,19,700 Equity Shares, 44 applications in Eligible Employees Category for 47150 Equity Shares. The public issue was oversubscribed by 1.78 times in case of Retail Category, 1.73 times in case of Non-Retail Category ,0.31 times In case of Eligible Employees category.
As per the prospectus, under subscription of 1,02,850 Equity Shares in the Eligible Employees category was spilled over for allotment to Public in the Ratio of 60% to Retail Category and 40% to Non Retail Category.
In terms of the Prospectus and also as per the guidelines issued by SEBI, not less than 50% of the net offer to the Public shall be available for allotment to Retail Individual applicants and balance 50% of the net offer to Public shall be available for allotment to individual applicants other than Retail individual investors and other investors including corporate bodies/institutions irrespective of number of shares applied for. However, out of the total subscription 60% were applied by Retail Investors and 40% were applied by Non Retail Investors. Hence the basis of allotment was drawn in the proportion of the subscription, i.e. 60% was proposed to be allotted to Retail Investors and the balance i.e 40% to Non Retail Investors. As required under the listing agreement, the basis of allotment has been approved by the designated stock exchange i.e. Bombay Stock Exchange Limited, on March 9,2007.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Ltd. on March 9,2007.

A. Allotment to Retail Investors
The Basis of allotment to the Retail Investors, who have applied at the Issue Price of Rs. 115/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.78 times. The total number of shares allotted in this category is 17,54,316 Equity Shares. The category-wise details of the Basis of Allotment are as under:

Category No. Applications % to total total No. of shares applied % to total No. of shares alloted Ratio Total no. of shares alloted
50 2842 25.94 142100 4.55 50 37:65 80900
100 2173 19.84 217300 6.97 56 FIRM 121688
150 434 3.96 65100 2.09 84 FIRM 36456
200 1385 12.64 277000 8.88 112 FIRM 155120
250 240 2.19 60000 1.92 141 FIRM 33840
300 330 3.01 99000 3.17 169 FIRM 55770
350 90 0.82 31500 1.01 197 FIRM 17730
400 1209 11.04 483600 15.5 225 FIRM 272025
450 62 0.57 27900 0.89 253 FIRM 15686
500 315 2.88 157500 5.05 281 FIRM 88515
550 12 0.11 6600 0.21 309 FIRM 3708
600 50 0.46 30000 0.96 337 FIRM 16850
650 16 0.15 10400 0.33 366 FIRM 5856
700 45 0.41 31500 1.01 394 FIRM 17730
750 31 0.28 23250 0.75 422 FIRM 13082
800 100 0.91 80000 2.56 450 FIRM 45000
850 1620 14.79 1377000 44.14 478 FIRM 774380
Total 10964 100.00 3119750 100.00 1754316

B. Allotment to Non Retail Investors
The Basis of Allotment to the Non Retail investors, who have applied at the Issue Price of Rs.115/- per Equity Share, was finalized in consultation with BSE. Thecategory was subscribed 1.73 times. The total  number  of shares alloted in this category is 11,69,540 Equity Shares. The category-wise details of the Basis of Allotment are as under:

Category Applications %To total Total No. of shares applied % to total No. of shares alloted Ratio Total no. of shares alloted
900 5 3.33 4500 0.22 521 FIRM 2605
1000 57 38.00 57000 2.82 579 FIRM 33003
1050 1 0.67 1050 0.05 608 FIRM 608
1100 7 4.67 7700 0.38 637 FIRM 4459
1200 1 0.67 1200 0.06 695 FIRM 695
1500 4 267 6000 0.30 869 FIRM 3476
1700 1 0.67 1700 0.08 984 FIRM 984
1800 1 0.67 1800 0.09 1042 FIRM 1042
2000 8 5.33 16000 0.79 1158 FIRM 9264
2200 1 0.67 2200 0.11 1274 FIRM 1274
3000 2 1.33 6000 0.30 1737 FIRM 3474
3500 1 0.67 3500 0.17 2027 FIRM 2027
4000 1 0.67 4000 0.20 2316 FIRM 2316
4300 2 1.33 8600 0.43 2490 FIRM 4980
4400 1 0.67 4400 0.22 2548 FIRM 2548
4500 1 0.67 4500 0.22 2606 FIRM 2606
5000 5 3.33 25000 1.24 2895 FIRM 44475
5200 1 0.67 5200 0.26 3011 FIRM 3011
5750 1 0,67 5750 0.28 3330 FIRM 3330
6350 1 0.67 6350 0.31 3677 FIRM 3677
6500 13 8.67 84500 4.18 3764 FIRM 48932
6550 6 4.00 39300 1.95 3793 FIRM 22758
6700 1 0.67 6700 0.33 3880 FIRM 3880
6800 1 0.67 6800 0.34 3938 FIRM 3938
7000 3 2.00 21000 1.04 4053 FIRM 12159
8000 1 0.67 8000 0.40 4633 FIRM 4633
8700 1 0.67 8700 0.43 5038 FIRM 5038
9550 1 0.67 9550 0.47 5530 FIRM 5530
9750 1 0.67 9750 0.48 5646 FIRM 5646
10000 1 0.67 10000 050 5791 FIRM 5791
10400 1 0.67 10400 0.51 6022 FIRM 6022
14400 1 0.67 14400 0.71 8339 FIRM 8339
14750 1 0.67 14750 0.73 8541 FIRM 8541
16200 1 0.67 16200 0.30 9381 FIRM 9381
17200 1 0.67 17200 0.85 9960 FIRM 9960
20000 1 0.67 20000 0.99 11581 FIRM 11581
21750 2 1.33 43500 2.15 12595 FIRM 25190
44000 1 0.67 44000 2.18 25479 FIRM 25479
50000 4 2.67 200000 9.90 28953 FIRM 115812
86900 1 0.67 86900 4.30 50321 FIRM 50321
86950 1 0.67 86950 4.31 50350 FIRM 50350
173900 1 0.67 173900 8.61 100700 FIRM 100700
240000 2 1.33 480000 23.77 138976 FIRM 277952
434750 1 0.67 434750 21.53 251753 FIRM 251753
Total 150 100.00 2019700 100.00 1169540

C. Allotment to Eligible Employees
Allotment to Employees have been done on a Firm basis in consultation with the Bombay Stock Exchange Limited. Since this Category was undersubscribed all the shares applied were allotted. The category-wise details of the Basis ot Allotment are as  under:

Category No. Applications % to total Total No. of shares applied % to total No. of shares alloted Ratio Total no. of shares alloted
50 3 6.82 150 0.32 50 FIRM 150
100 4 9.09 400 0.85 100 FIRM 400
200 4 9.09 800 1.70 200 FIRM 800
300 2 4.55 600 1.27 300 FIRM 600
400 2 4.55 800 1.70 400 FIRM 800
500 3 6.82 1500 3.18 500 FIRM 1500
600 3 6.82 1800 3.82 600 FIRM 1800
900 1 2.27 900 1.91 900 FIRM 900
1000 9 20.45 9000 19.09 1000 FIRM 9000
1200 2 4.55 2400 5.09 1200 FIRM 2400
1350 2 4.55 2700 5.73 1350 FIRM 2700
1800 1 2.27 1800 3.82 1800 FIRM 1800
2000 2 4.55 4000 8.48 2000 FIRM 4000
2500 1 227 2500 5.30 2500 FIRM 2500
2600 1 2.27 2600 5.51 2600 FIRM 2600
3000 2 4.55 6000 12.73 3000 FIRM 6000
3200 1 227 3200 6.79 3200 FIRM 3200
6000 1 227 6000 12.73 6000 FIRM 6000
Total 44 100.00 47150 100.00 47150

The Board of the Company, at its Meeting held at Ahmedabad on March9, 2007 has Approved the basis of allotment of Shares of The issue and has alloted the shares to varous successful applicants.
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, it any, with the depositories. The shares allotted 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 allotment.

INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Bigshare Services Pvt. Ltd. at www.bigshareonline.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 Application firm, DPID, Client ID number of shares applied for, name of the bank and branch where the application was submitted and payment details at the address given below:

Bigshare Services Pvt Ltd.
E-2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka Andheri East, Mumbai 400 072
Tel: +91 22 2847 0652 Fax: +9122 2847 5207
Email: ipo@bigshareonline.com Website: www.bigshareonline.com

Place: Mumbai
Date: March 14,2007

For Astral Poly Technik Ltd..
Sd/-
Company Secretary

THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ASTRAL POLY TECHNIK LTD.

Karvy Investor Services Ltd. KarvyHouse,46,
Avenue 4,Street No. 1,Banjara Hills,
Hyderabad-500034.
Tel No: +914023312454/2332 0251
Fax No: +914023374714
E-mail: mbd@karvy.com
Website: www.karvy.com
Bigshare Services Pvt Ltd.
E-2, Ansa Industrial Estate, Saki Virtar Road, Saki Naka Andheri East, Mumbai 400 072
Tel: +91 22 2847 0652
Fax: +9122 2847 5207
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
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