Basis of Allotment

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(This is only an advertisement for information purposes and not a Prospectus Announcement)

Shilpi Cable Technologies Limited

(Incorporated as 'Rosenberger Shilpi Cable Technologies Limited' at New Delhi on July 09, 2006 under the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana. On October 21, 2008 the name of the Company was changed to 'Shilpi Cable Technologies Limited. For further detaits, please refer to the sections titled "General Information''on page 10 of the Prospectus).

Registered Office: A-19/B-1 Extension, Mohan Cooperative Industrial Estate, P.O. Badarpur, Mathura Road, New Delhi-110044, Tel.:+91-11- 43117900, 43117901; Fax: +91-11- 43117922, Contact Person: Sunita Gaur, Company Secretary and Compliance Officer; E-mail: ipo@shilpicabletech.com; Website: www.shilpicables.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 8,098,762* EQUITY SHARES OF Rs. 10/- EACH OF SHILPI CABLE TECHNOLOGIES LIMITED ("SCTL" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 69/- PER FULLY PAID UP EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 59/- PER EQUITY SHARE) AGGREGATING Rs. 5587.72 LACS ("THE ISSUE"). THE ISSUE WILL CONSTITUTE 25.07% OF THE POST ISSUE PAID UP CAPITAL.

"Due to rounding off, Six Hundred and Seventeen only (617) additional equity shares have been allotted to Retail Individual Bidders and Non Institutional Bidders as approved by the Board of Directors of the Company in their meeting held on April 01, 2011.

BID OPENED ON MARCH 22, 2011, CLOSED ON MARCH 25, 2011
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10 EACH. THE ISSUE PRICE IS Rs. 69/- PER EQUITY SHARE AND IT IS 6.9 TIMES OF THE FACE VALUE

The Issue was made in accordance with Rule 19(2)(b)(l) of the SCRR, as amended and under the SEBI Regulations, where the offer was made through the 100% Book Building Process vherein at least 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIB) Bidders. 5% of the QIB Portion (excluding 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 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% 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 50% of the Issue cannot be allotted to QIBs, then the entire application money shall be refunded forthwith.

Category No. of Applications No. of Shares No. of Times Subscription
Anchor Investors Nil Nil -
Qualified Institutional Buyers 3 4449359 1.10
Non Institutional Investors 35 6643742 5.47
Retail Individual Investors 9416 16828896 5.94
Total 9454 27921997 3.45

122 applications for 115340 Equity Shares were not found valid due to technical rejections, with drawls and non-bidding.

Final Demand: A summary of the final demand as per BSE and 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
65 7900 0.03 30067558 100.00
66 1106 0.00 30059658 99.97
67 1817 0.01 30058552 99.97
68 1027 0.00 30056735 99.96
69 13996351 46.55 30055708 99.96
Cut Off 16059357 53.41 16059357 53.41

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on 01.04.2011.

A. Allocation to Retail Individual Investors (After Technical Rejections) including ASBA Applications

The Basis of Allocation to the Retail Individual Investors, who have bid at cut off and the Issue Price of Rs. 69/- per Equity Share, was finalized in consultation with BSE. The category was oversubscribed 5.94 times. The total number of shares allotted in this category is 2834964 Equity Shares to 7850 applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of Shares Allocated
79 1139 12.0964 89981 0.5347 79 16 95 15168
158 595 6.3190 94010 0.5586 79 36 107 15800
237 260 2.7613 61620 0.3662 79 1 2 10270
316 200 2.1240 63200 0.3755 79 59 88 10586
395 169 1.7948 66755 0.3967 79 21 25 11218
474 61 0.6478 28914 0.1718 80 60 61 4800
553 44 0.4673 24332 0.1446 93 1 1 4092
632 43 0.4567 27176 0.1615 106 1 1 4558
711 126 1.3381 89586 0.5323 120 1 1 15120
790 102 1.0833 80580 0.4788 133 1 1 13566
869 15 0.1593 13035 0.0775 146 1 1 2190
948 18 0.1912 17064 0.1014 160 1 1 2880
1027 17 0.1805 17459 0.1037 173 1 1 2941
1106 16 0.1699 17696 0.1052 186 1 1 2976
1185 19 0.2018 22515 0.1338 200 1 1 3800
1264 8 0.0850 10112 0.0601 213 1 1 1704
1343 29 0.3080 38947 0.2314 226 1 1 6554
1422 1712 18.1818 2434464 14.4660 240 1 1 410880
1501 28 0.2974 42028 0.2497 253 1 1 7084
1580 27 0.2867 42660 0.2535 266 1 1 7182
1659 1 0.0106 1659 0.0099 279 1 1 279
1738 4 0.0425 6952 0.0413 293 1 1 1172
1817 6 0.0637 10902 0.0648 306 1 1 1836
1896 3 0.0319 5688 0.0338 319 1 1 957
1975 4 0.0425 7900 0.0469 333 1 1 1332
2054 7 0.0743 14378 0.0854 346 1 1 2422
2133 42 0.4460 89586 0.5323 359 1 1 15078
2212 4 0.0425 8848 0.0526 373 1 1 1492
2291 6 0.0637 13746 0.0817 386 1 1 2316
2370 7 0.0743 16590 0.0986 399 1 1 2793
2449 3 0.0319 7347 0.0437 412 1 1 1236
2528 5 0.0531 12640 0.0751 426 1 1 2130
2607 7 0.0743 18249 0.1084 439 1 1 3073
2686 19 0.2018 51034 0.3033 452 1 1 8588
2765 3 0.0319 8295 0.0493 466 1 1 1398
2844 4667 49.5646 13272948 78.8700 479 1 1 2235493
Total 9416 100 16828896 100 2834964

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

The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 69/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 5.47 times. Overall 35 applicants for 664372 Equity Shares were found valid and they were considered for allotment. The category-wise details of the Basis of Allocation are as under:

Category No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of Shares Allocated
4740 2 5.7143 9480 0.1427 867 1 1 1734
6873 6 17.1429 41238 0.6207 1257 1 1 7542
18881 2 5.7143 37762 0.5684 3452 1 1 6904
21804 3 8.5714 65412 0.9846 3987 1 .1 11961
28914 1 2.8571 28914 0.4352 5287 1 1 5287
36182 1 2.8571 36182 0.5446 6615 1 1 6615
50639 1 2.8571 50639 0.7622 9259 1 1 9259
55300 1 2.8571 55300 0.8324 10111 1 1 10111
72048 1 2.8571 72048 1.0844 13173 1 1 13173
72443 3 8.5714 217329 3.2712 13245 1 1 39735
86900 1 2.8571 86900 1.3080 15889 1 1 15889
142200 1 2.8571 142200 2.1404 25999 1 1 25999
144886 2 5.7143 289772 4.3616 26490 1 1 52980
144965 1 2.8571 144965 2.1820 26505 1 1 26505
287244 2 5.7143 574488 8.6471 52519 1 1 105038
363400 1 2.8571 363400 5.4698 66443 1 1 66443
507180 1 2.8571 507180 7.6340 92731 1 1 92731
579702 1 2.8571 579702 8.7255 105991 1 1 105991
726800 2 5.7143 1453600 21.8792 132886 1 1 265772
797031 1 2.8571 797031 11.9967 145727 1 1 145727
1090200 1 2.8571 1090200 16.4094 199329 1 1 199329
Total 35 100 6643742 100 1214725

C. Allocation to QIBs Including ASBA Applications

Allocation to QIBs has been done on a proportionate basis in consultation with BSE. There were Nil subscription from Mutual Fund accordingly all the shares available for allotment to QIBs were allocated to QIBs as per details given under:-

Category No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of Shares Allocated
1400038 1 33.3333 1400038 31.4661 1274084 1 1 1274084
1449255 1 33.3333 1449255 32.5722 1318873 1 1 1318873
1600066 1 33.3333 1600066 35.9617 1456116 1 1 1456116
Total 3 100 4449359 100 4049073

Further bifurcation of QIB category for the shares allotted are as under:-

Flls Banks MFs VCs Total
4049073 Nil Nil Nil 4049073

The Board of Directors of the company at its Meeting held on 01.04.2011 has allotted the shares to various successful applicants as per basis of allotment approved by BSE. 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 26.03.2011 (the date Registrar taken Data from Depositories). Further the instructions to SCSBs have been dispatched on 02.04.2011. 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 allocated to successful bidders are being credited to their beneficiary accounts subjecrto 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 Bombay Stock Exchange Limited and the National Stock Exchange of India Limited w.e.f. 8th April, 2011.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Financial & Computer Services (P) Limited at www.beetalfinancial.com. All future correspondence in this regard may kindly be addressed to the Registrar to the issue quoting full name of the First/ Sole bidder, 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:

BEETAL Financial & Computer Services (P) Limited
Beetal House, 3rd Floor, 99 Madangir, Behind Local Shopping Centre,
Near Dada Harsukhdas Mandir, New Delhi -110 062
Tel: 011 29961281, Fax: 011 29961284, E-mail:shilpi_ipo@beetalfinancial.com Website: www.beetalfinancial.com Contact Person: Mr. Punit Mittal
SEBI Regn No.: INR000000262

Place: New Delhi
Date: 05.04.2011

for Shilpi Cable Technologies Limited
Sd/-
Ms. Sunita Gaur
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 SHILPI CABLE TECHNOLOGIES LIMITED.

Shilpi Cable Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a Prospectus with the Registrar of Companies, National Capital Territory of Delhi and Haryana, the securities and Exchange Board of India ("SEBI") and relevant stock exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in. as well as on website of the Book Running Lead Manager ("BRLM") at www.dnafinserv.com. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled 'Risk Factors' of the Prospectus for details of the same.

This advertisement is not for publication or distribution, directly or indirectly, in or into the United States. This advertisement is not an offer of securities for sale in the United States. The shares of the company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act) or any state securities law in the united states, and may not be offered or sold within the united states or to, or for the account or benefit of "U. S Persons" (as defined in Regulations S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U. S. Securities Act and applicable U.S. State securities laws"

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