Basis of Allotment
BARAK VALLEY CEMENTS LIMITED

BARAK VALLEY CEMENTS LIMITED

Registered Office: 202, Royal View, 2nd Floor, B.K.Kakoti Road, Ulubari, Guwahati, Assam-781007
Tel No: (0361) 2464670/2464671; Fax No; (0361) 2464672
Corporate Office: 281, Deepali, Pitam Pure, New Delhi-110034
Tel No: (011) 27033828,27033829; Fax No: (011) 27033830.
Website: www.barakcement.com; Email: ipo@barakcement.com
Contact Person: Mr. Sachin Agarwal, Company Secretary & Compliance Officer

Our Company was incorporated as 'Barak Valley Cements Limited' on 28th April 1999, with its Registered Office at 163, Sreemanta Market Annexe, A.T. Road, Guwahati, Assam-781001. The Registered Office was shifted from 163, Sreemanta Market Annexe, A,T. Road, Guwahati, Assam-781001 to 265, Sreemanta Market Annexe, A J. Road, Guwahati, Assam-781001 with effect from 11th March 2003. The Registered Office of our company was futher shifted from 265, Sreemanta Market Annexe, AT. Road, Guwahati, Assam-781001 to 202 Royal View, 2nd Floor, B.K.Kakoti Road, Ulubari, Guwahati, Assam-781007 with effect from August 8,2007.

BASIS OF ALLOTMENT

Public Issue of 56,60,000 Equity Shares of Rs. 10/- each for cash at a pries of Rs. 42 per Equity Share, Including share premium of Rs. 32 per equity share aggregating Rs. 2377.20 lacs by Barak Valley Cements Limited ('BVCI' or the Company' or 'The Issuer'). The Issue comprises of reservation of 1,13,000 Equity Shares aggregating Rs. 47.46 lacs for permanent employees (employees reservation portion) on a competitive basis and the "Net Issue to the Public" of 55,47,000 Equity Shares aggregating Rs. 2329.74 lacs. The Net Issue to the Public would constitute 25.03% of the fully diluted post issue paid-up capital of our Company. Issue price: Rs. 42 per equity share of face value of Rs.10 each and is 4.2 times the face value.

The issue received 70,406 applications for 15,82,02,750 equity shares resulting in 27.95 times subsription.

The Basis of Allotment was approved by Bombay Stock Exchange Limited (Designated Stock Exchange) on November 14,2007. The Board of Directors of the Company at its meeting held on November 15,2007 has approved the Basis of Allotment of equity shares and allotted the equity shares to various successful applicants.

PUBLIC ISSUE

The details of applications received in the Issue from Retail Category, Corporates/lnstitutions (Non Retail Category) QIBs and Employees are as under (Before Technical Rejection):

Category No. of Applications No. of Shares Applied Subscription
Retail Investors 70105 750,41,900 37.62
Non-Institutional Bidders 191 1,79,94,000 21.63
Qualified institutional Bidders Inclusive of Mutual Funds 62 6,70,38,750 24.17
Employees 48 1,28,100 1.13

A. Allotment to Retail Investors (After technical Rejection)
The total number of shares allotted in this category is 19,44,450 equity shares which includes 2900 equity shares, due to under subscription in the emoloyee cateogory after technical rejection. The cateagory-wise details of the Basis of Allotment are as under:

Category No. of Applns. % to Total Shares Applied % to Total No. of Equity Shares Allocated Ratio of Allotment Total No. of Shares Alloted
150 14052 20.48 2107800 293 150 1 37 57000
300 9893 14.42 2967900 4.13 150 2 37 80250
450 5096 7.43 2293200 7.43 150 3 37 61950
600 4850 7.07 2910000 4.05 150 4 37 78750
750 2254 3.28 1690500 2.35 150 5 37 45750
900 1871 2.73 1663900 2.34 150 6 37 45450
1050 4806 7.00 5046300 7.02 150 7 37 136500
1200 2900 423 3480000 4.84 150 8 37 94050
1350 481 0.70 649350 0.90 150 9 37 17550
1500 1302 1.90 1953000 2.72 150 10 37 52800
1650 266 0.39 436900 0.61 150 11 37 11850
1800 317 0.46 570600 0.79 150 12 37 15450
1950 174 0.25 339300 0.47 150 13 37 9150
2100 356 0.52 747600 1.04 150 14 37 20250
2250 20004 29.15 45009000 62.61 150 15 37 1217700
Total 68.622 100.00 7,18,87,350 1944,450

B. Allotment to Non institutional Investors (Such number of Equity Shares that the Bid Amount exceeds Rs. 1,00,000) (After Technical Rejection)
The total number of shares allotted in this category is 8,31,950 equity shares. All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.

C. Allotment to Qualified Institutional Buyers (QIBs) (After Technical Rejection)
Alltotment to QIBs has been done on a proportionate basis in consultation with BSE. The total numter of shares allotted in this category is 27,73,500 Equity Shares. All the applicants in this category have been given firm allotment on proportionate basis,The total number of equity shares offered in this category are 27,73.500 equity shares. Out of 27,73,500 Equity Shares offered to QIBs as per the terms of the issue, 1,38,675 (i.e. 5% of 27,73,500) has been allotted proportionately to mutual funds. Mutual Funds applicants have also been considered eligible for proportionate allotment for the balance Equity Shares in QIBs Category i.e. 26,34,825.

D. Allotment to Employees (After Technical Rejection)
The total number of shares allotted in this category is 1,10,100 Equity Shares. All the applicants in this category have been given Firm Allotment.

The CAN/Refund orders, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or direct credit) and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories by November 16,2007. 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 Equity Shares allotted to the successful applicants have been credited to their beneficiary accounts subject to validation of the accounts details with the depositories concerned by November 16,2007. The Listing application has been filed with BSE and NSE on November16,2007 and the Cornpany is taking steps to get the Equity Shares admitted for trading on the BSE and the NSE within seven working days from the date of approval the basis of allocation,

INVESTORS PLEASE NOTE
The details of the allocation made have been hosted on the website of Registrar to the Issue viz.,lntime Spectrum Private Limited at http://www.intimespectrum.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-appiication form, number of Equity Shares bid for, name of the of the syndicate and place where the bid was submitted and payment details at the address given below:

INTIME SPECTRUM
REGISTRY LIMITED

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk Mills Compound,
L.B.S.Marg,Bhandup(West),Mumbai-400078
Tel:+9122 2596 0320, Fax:+9122 2596 0329
Email: barak.ipo@intimespectrum.com, Website: www.intimespectrum.com
Contact Person: Mr Sachin Achar

Place: Mumbai
Date: November 22,2007		 For Barak Valley Cements Limited
On behalf of the Board of Directors
Sd/-
Bijay Garodia (Chairman)

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 BARAK VALLEY CEMENTS LIMITED.
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