Basis of Allotment

DB Corp LTD

DB Corp LTD
(Our Company was originally incorporated as 'Multi-Tech Energy Limited' under the provisions of the Companies Act; 1956. A certificate of incorporation was issued on October 27,1995 by the Registrar of Companies ("ROC")Gwalior, Madhya Pradesh. The certificate of commencement of business was issued on June 26, 1998. Subsequently, the name of our Company was changed to 'D.B.Corp Limited' pursuant to shareholders resolution dated November 28, 2005. A fresh certificate of incorporation consequent to the change of name was issued on December 1, 2005 by the ROC. On December 22, 2006, the Hon'ble High Court of Gujarat approved the scheme of arrangement following which the publication business
and the windfarm business of Writers and Publishers Limited was transferred to our Company.)
Registered Office: Plot No.280, Sarkhej Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad - 380 051.
Corporate Offfice: 6, Dwarka Sadan, Press Complex, M.P.Nagar, Bhopal - 4602 011. Tel: +91 79 3988 8850,
Fax: +91 79 3981 4001 Email: dbipo@imcl.co.in , Website: www.bhaskarnet.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,175,000 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES") BY D. B. CORP LIMITED ("COMPANY" OR "ISSUER") FOR CASH, COMPRISING (I) 12722500 EQUITY SHARES AT A PRICE OF RS. 212 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 202 PER EQUITY SHARE), AND (II) RETAIL PORTION OF 5452500 EQUITY SHARES AT A PRICE OF RS. 210 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 200 PER EQUITY SHARE), COLLECTIVELY, AGGREGATING UP TO RS 3842.20 MILLION (THE "ISSUE") CONSISTING OF FRESH ISSUE OF 12,725,000 EQUITY SHARES BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 5,450,000 EQUITY SHARES ("OFFER FOR SALE") BY CLIFFROSE INVESTMENT LTD (THE "SELLING SHAREHOLDER"). THE ISSUE SHALL CONSTITUTE UP TO 10.01% APPROXIMATELY OF THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY.
ISSUE PRICE: RS. 212 PER EQUITY SHARE
THE FACE VALUE OF THE EQUITY SHARE: RS. 10 AND THE ISSUE PRICE IS 21.2 TIMES THE
FACE VALUE
THE MINIMUM BID LOT IS 30 EQUITY SHARES.
A discount of Rs.2 to the Issue Price determined pursuant to completion of the Book Building
Process has been offered to the Retail Individual Bidder.

The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue was tobe allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIBportion that was to be specifically allotted to mutual funds), further, up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 73,361 applications for 590,698,553 equity shares resulting in 32.50 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors categories and Anchors are as under: (Before technical rejections and as per escrow banks' certificate)

Sr. No. Category No. of Applications
Received
No. of Equity
Shares
No. of times
subscribed
A Retail Individual Bidders 72868 18163343 3.33
B Non Institutional Bidders 318 45201960 24.87
C Qualified Institutional Bidders 166 522716280 68.48
D Anchor Investors 9 4616970 1.41
Total 73361 590698553 32.50

Final Demand
A summary of the final demand as per the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") as on the Bid/ Issue Closing Date at different bids is as detailed hereunder:

Bid Price No. of Shares % to total Cumulative Total Cumulative % of Total
185 616230 0.10 589271190 100
186 1080 0.00 588654960 99.90
187 1320 0.00 588653880 99.90
188 270 0.00 588652560 99.90
190 5850 0.00 588652290 99.89
192 450 0.00 588646440 99.89
193 30 0.00 588645990 99.89
194 30 0.00 588645960 99.89
195 10830 0.00 588645930 99.89
196 32580 0.01 588635100 99.89
197 30 0.00 588602520 99.89
198 990 0.00 588602490 99.89
199 30 0.00 588601500 99.89
200 518190 0.09 588601470 99.89
201 60 0.00 588083280 99.80
202 2760 0.00 588083220 99.80
203 30 0.00 588080460 99.80
204 30 0.00 588080430 99.80
205 18780 0.00 588080400 99.80
207 360 0.00 588061620 99.79
208 1110 0.00 588061260 99.79
210 1451280 0.25 588060150 99.79
212 586608870 99.55 586608870 99.55

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the BSE on December 24, 2009.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ("ASBA")) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price (net of retail discount of Rs.2/- per share) of Rs.210/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 3.30 times. The total number of Equity Shares allotted in Retail Individual Bidders category is 5,452,500 Equity Shares to 71,767 valid applicants. There were 10,836 applications for 1,993,200 Equity Shares made under the ASBA process of which 8,230 applications for 600,568 Equity Shares were found valid for allotment. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to
total
Total No. of
Equity
Shares applied
% of
total
No. of
Equity
Shares
allocated
Ratio Total No.
of Equity
Shares
allocated
30 14191 19.77 425730 2.36 30 10 :33 129000
60 7861 10.95 471660 2.62 30 20:33 142920
90 4813 6.71 433170 2.41 30 10: 11 131250
120 3760 5.24 451200 2.51 36 FIRM 135360
Additional 1 1 :87 43
150 2285 3.18 342750 1.90 45 FIRM 102825
180 1021 1.42 183780 1.02 55 FIRM 56155
210 2454 3.42 515340 2.86 64 FIRM 157056
240 1995 2.78 478800 2.66 73 FIRM 145635
270 364 0.51 98280 0.55 82 FIRM 29848
300 1248 1.74 374400 2.08 91 FIRM 113568
330 239 0.33 78870 0.44 100 FIRM 23900
360 272 0.38 97920 0.54 109 FIRM 29648
390 185 0.26 72150 0.40 118 FIRM 21830
420 161 0.22 67620 0.38 127 FIRM 20447
450 30918 43.08 13913100 77.27 136 FIRM 4204848
Additional 1 14:53 8487

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs.212/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 24.43 times. Under this category 1,817,500 Equity Shares were allotted to 252 valid applicants. The category-wise sample details of the Basis of Allocation are as under:

Category No. of
Applications
% to
total
Total No. of
Equity
Shares applied
% Of
total
No. of
Equity
Shares
allocated
Ratio Total No.
of Equity
Shares
allocated
480 2 0.79 960 0.00 30 1 :2 30
510 2 0.79 1020 0.00 30 1 :2 30
3000 3 1.18 9000 0.02 123 FIRM 369
15000 1 0.39 15000 0.03 614 FIRM 614
99000 1 0.39 99000 0.22 4052 FIRM 4052
290070 1 0.39 290070 0.65 11873 FIRM 11873
1650000 1 0.39 1650000 3.72 67535 FIRM 67535
1817490 2 0.79 3634980 8.19 74390 FIRM 148780
1890000 1 0.39 1890000 4.26 77358 FIRM 77358
3537900 2 0.79 7075800 15.93 144804 FIRM 289608
4717200 1 0.39 4717200 10.62 193071 FIRM 193071

C. Allocation to QIBs (excluding Anchor Investor Portion)
After allocation of 3,271,500 equity shares to Anchor Investors, 7,633,500 equity shares were available for allocation of qualified institutional investors. In accordance with the Securities and Exchange Board' of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, 5% of the QIB Portion (excluding Anchor Investor Portion) i.e. 381,675 Equity Shares were available for allotment to Mutual Funds. The balance QIB portion, being 7251825 Equity Shares, was allocated on a proportionate basis to all other QIBs.

Category Fls/Banks Flls MFs ICs VCs Others Total
No. of Equity Shares allocated 564279 5879123 3460915 1000683 - - 10905000

D. Anchor Investors
The Company allocated 3,271,500 Equity Shares to 9 Anchor Investors in consultation with the Book Running Lead Managers. This represents less than 30% of the QIB Portion.
The IPO Committee of the Board of Directors of the Company at its Meeting held on 24th December, 2009 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on or prior to 29" December, 2009. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to 29th December, 2009. The Equity Shares allocated 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 the BSE and NSE within seven working days from the date of approval of the basis of allocation, i.e., on or before 6" January 2010.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.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-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:

Karvy Computershare Private Limited
Unit: D B Corp Limited
Plot No 17 to 24 vitharao nagar,
Hitech City Road, Madhapur
Hyderabad - 500081, Fax: 040-23420814
Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER 1-800-3454001

Place: Mumbai
Date : December 30, 2009

For D B Corp Limited
Sd/-
Place: Mumbai K.Venkataraman
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 DB CORP LTD
NOTE: ALL CAPITALISED TERMS USED AND NOT DEFINED HEREIN SHALL HAVE THE RESPECTIVE MEANINGS ASSIGNED TO THEM IN THE PROSPECTUS

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