Basis of Allotment

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This Is only an advertisement for Information purposes not tor publication or distribution,directly or indirectly outside India.

OBEROI
R E A L T Y

OBEROI REALTY LIMITED (the "Company*) was incorporated as Kingston Properties Private Limited on May 8,1998 under the Companies Act, 1956 (the "Companies Act") in Mumbai. The name of the Company was changed to Oberoi Realty Private Limited on October 23,2009. The Company was converted into a public limited company on December 14,2009 and consequently, the name was changed to Oberoi Realty Limited. For details of changes in the name and registered office of the Company, please see the section entitled "History and Certain Corporate Matters" on page 109 of the Prospectus dated October 13,2010.
Registered Office: Commerz, 3rd Floor, International Business Park, Oberoi Garden City, Off Western Express Highway, Goregaon (East), Mumbai 400 063. Tel: (9122) 6677 3333;
Fax: (91 22) 6677 3334; Contact Person: Bhaskar Kshirsagar, Company Secretary and Compliance Officer, Tel: (91 22) 6677 3333; Fax: (91 22) 6677 3334;
Website: www.oberoirealty.com; Email: cs@oberoirealty.com
PROMOTER OF THE COMPANY: V1KAS OBEROI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 39,562,000 EQUITY SHARES WITH A FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF OBEROI REALTY LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH ATA PRICE OF RS. 260 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 250 PER EQUITY SHARE) AGGREGATING TO RS. 10,286.12 MILLION ON (THE "ISSUE" OR THE "IPO"). THE ISSUE WILL CONSTITUTE 12.00% OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
BID/ISSUE OPENED ON OCTOBER 6, 2010, CLOSED ON OCTOBER 8, 2010*
* ANCHOR INVESTOR BIDDING PERIOD OPENED AND CLOSED ON OCTOBER 5, 2010

The Company has allotted 7,121,160 Equity Shares to Anchor Investors at Rs 260 per Equity Share in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI REGULATIONS")
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading Is expected to commence on October 20,2010

THE FACE VALUE PER EQUITY SHARE IS RS.10. THE ISSUE PRICE PER EQUITY SHARE IS RS. 260 AND IT IS 26 TIMES THE FACE VALUE. The Company is undertaking the Issue in accordance with the first proviso to Rule 19(2)(b)(ii) of the Securities Contracts Regulations Rules, 1957, as amended ("SCRR"). This Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIB") Bidders. Provided that the Company may allocate up to 30% of the QIB Portion to Anchor Investors on a discretionary basis out of which one-third shall be reserved for domestic Mutual Funds. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall 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 QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue 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. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money shall be refunded forthwith. Potential investors other than Anchor Investors may participate in this Issue through an Application Supported by Blocked Amount ("ASBA") process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs") for the same. For details, please see the section entitled "Issue Procedure" on page 350 of the Prospectus dated October 13,2010.

The Issue received 46,291 applications for 400,202,320 Equity Shares including Anchor Investors, resulting in 10.1158 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional Bidders, Retail Individual Bidders, Anchor Investor categories are as under:

(Before technical rejections)

Category No. of
Applications
No. of
Equity Shares

No. of
times Subscription

Qualified Institutional Buyers (excluding Anchor Investors) 150 365,303,380

21.9850

Non Institutional Investors 256 13,936,240

3.5226

Retail Individual Investors 45,866 10,806,720

0.9105

Anchor Investors 19 10,155,980

1.4262

Final Demand

A summary of the final demand as per BSE and the NSE as on the Bid/Issue Closing Date at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
253 1,847,340 0.4656 1,847,340

0.47 %

254 3,420 0.0009 1,850,760

0.47 %

255 41,820 0.0105 1,892,580

0.48 %

256 9,100 0.0023 1,901,680

0.48 %

257 1,372,940 0.3461 3,274,620

0.83 %

258 8,600 0.0022 3,283,220

0.83 %

259 2,320 0.0006 3,285,540

0.83%

260 384,006,700 96.7930 387,292,240

97.62 %

CUTOFF 9,437,580 2.3788 396,729,820

100.00%

TOTAL 396i,729820 100.0000

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the BSE on October 15,2010.

A. Allotment to Retail Individual Investors (after Technical Rejections) including ASBA Applications

The Basis of Alloment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Issue Price of Rs. 260 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.9007 times. The total number of Equity Shares allotted in Retail Individual Investor category is 10,689,600 Equity Shares to 44,931 successful applicants. As per the Red Herring Prospectus, [the under subscribed portion of 1,179,000 Equity Shares have been spilled over to QIBs (1,010,572 Equity Shares) and Non-Institutional Bidders (168,428 Equity Shares)]. Full and firm allotment was made to all valid applications in this category.

B. Allotment to Non Institutional Investors (After Technical Rejections) including ASBA Applications

The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Issue Price of Rs. 260 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 3.3772 times. The total number of Equity Shares allotted in this category is 4,124,628 Equity Shares to 246 successful applicants. As per the Red Herring Prospectus, the spill over portion from Retail Individual Investors Category to Non-Institutional Investors was 168,428 Equity Shares. The category-wise details of the Basis of Allotment (samole) are under:

Category No. of Applications % to total Total No. of Equity Shares applied % to
total
.No. of Equity Shares allotted per applicant

Ratio of Allottees to Applicants

Total No. of
Equity Shares
allotted
400 13 5.28 5,200 0.04

118

1:1

1,534

440 2 0.81 880 0.01

131

1:1

262

480 2 0.81 - 960 0.01

142

1:1

284

500 16 6.50 8,000 0.06

148

1:1

2,368

1700 1 0.41 1,700 0.01

503

1:1

503

1720 1 0.41 1,720 0.01

509

1:1

509

7680 4 1.63 30,720 0.22

2,274

1:1

9,096

10000 7 2.85 70,000 0.50

2,961

1:1

20,727

11520 1 0.41 11,520 0.08

3,411

1:1

3,411

20000 1 0.41 20,000 0.14

5,922

1:1

5,922

39000 1 0.41 39,000 0.28

11,548

1:1

11,548

40000 2 0.81 80,000 0.57

11,844

1:1

23,688

42300 1 0.41 42,300 0.30

12,525

1:1

12,525

96200 1 0.41 96,200 0.69

28,485

1:1

28,485

100000 1 0.41 100,000 0.72

29,610

1:1

29,610

115420 1 0.41 115,420 0.83

34,176

1:1

34,176

250000 1 0.41 250,000 1.79

74,026

1:1

74,026

788460 1 0.41 788,460 5.66

233,465

1:1

233,465

1153840 1 0.41 1,153,840 8.28

341,654

1:1

341,654

3846160 1 0.41 3,846,160 27.61

1,138,853

1:1

1,138,853

C. Allotment to QIBs Including ASBA Applications

Allotment to QIBs has been done on a proportionate basis in consultation with BSE. In this category 150 valid applications for 365,303,380 shares were received against 17,626,612 Equity Shares reserved (including spillover of 1,010,572 from retail category) resulting in subscription of to the extent of 20.72 times. As per the SEBI Regulations, Mutual Funds were initially allotted 5% of the quantum of Equity Shares available (881,330 Equity Shares) including spill oyer from Retail Category to the extent of 50,528 Equity Shares and other QIBs were allotted the remaining available shares (16,745,282 Equity Shares) including spill over from Retail Category to the extent of 960,044 Equity Shares on proportionate basis. The category-wise details of Allotment (sample) are under:

His Fls/Banks MFs INCs/VC

Total

13,724,395 231,514 1,768,264 1,902,439

17,626,612

u. Allotment to Anchor investors

Allotment to Anchor Investors has been done on a discretionary basis by the Company in consultation with the BRLMs. As per the SEBI Regulations, 30% of QIB Portion, 7,121,160 Equity Shares were allotted to Anchor Investors.

His WCs MFs

Total

4.942.440 384.620 1.794,100

7.121.160

The IPO Committee of the Board of Directors of the Company at its meeting held on October 15,2010 has approved the Basis of Allotment of Equity Shares of the Issue and has allotted the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices will be dispatched to the address of the Bidders as registered with the depositories on or prior to October 19,2010. Further, the instructions to SCSBs have been dispatched on October 15,2010. 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 successful Bidders are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.
Commencement of Trading: The Company is taking steps to get the Equity Shares admitted for trading on BSE and the NSE on October 20,2010. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated October 13,2010 filed with the Registrar of Companies, Mumbai,Maharashtra("Prospectus")
INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Link Intlme India Private Limited at http://www.linkintime.co.in
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 shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai -400 078
E-mail: tecpro.ipo@linkintime.co.in, Tel.: +91 22 25960320, Fa: +91 22 25960328-29 ,

Place : Mumbai

Date : October 18,2010

For OBEROI REALTY LIMITED
sd/

Mr.BhaskarKshirsagar
Company Secretary & Compliance Officer

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 OBEROI REALTY LIMITED
This announcement is not an offer of securities for sale in the United States or elsewhere. Securities may not be sold in the United States unless they are registered or are exempt from registration. The Company does not intend to register any portion of this offering in the United States or to conduct a public offering in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about the Company and its management, as well as financial statements. Copies of this announcement are not being, and should not be, distributed in or sent into the United States. It may be unlawful to distribute these materials in certain jurisdictions. These materials are not for distribution in Canada, Japan or Australia. The information in these materials does not constitute an offer of securities for sale in Canada, Japan or Australia.

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