Basis of Allotment

RISHABHDEV TECHNO CABLE LIMITED

RISHABHDEV TECHNOCABLE LIMITED

(The Company was incorporated as Rishabhdev Technocable Ltd. on November 24,1994 under the Companies Act, 1956. The Company has shifted its registered office from 9, R.N.P House, Azad Road, Gundavli, Andheri (East), Mumbai-400 069 to its present address with effect from February 15, 2008.)

Registered and Corporate Office: Unit No. 53, 1st Floor, Jagat Satguru Industrial Estate,
Vishveshwar Nagar Road, Goregoan (East), Mumbai-400 063.
Tel.: +91-22-2876 9059 • Fax: +91-22-2877 1669.
Contact Person: Mr. Ranabir Sanyal, Company Secretary and Compliance Officer
Website: www.rtclcables.com • E-mail: fpo@rtclcables.com

BASIS OF ALLOCATION

ISSUE OF 90,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF RISHABHDEV TECHNOCABLE LTD. ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 2970.00 LACS ("ISSUE"). THE ISSUE COMPRISES OF PROMOTERS' CONTRIBUTION OF 21,45,500 EQUITY SHARES AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 708.01 LACS ("PROMOTERS' CONTRIBUTION") AND NET ISSUE TO THE PUBLIC OF 68,54,500 EQUITY SHARES AT A PRICE OF RS. 33/- PER EQUITY SHARE AGGREGATING TO RS. 2261.99 LACS. THE NET ISSUE TO THE PUBLIC WOULD CONSTITUTE 46.66% OF THE FULLY DILUTED POST-ISSUE EQUITY SHARE CAPITAL OF THE COMPANY.

ISSUE PRICE: RS.33/-  PER EQUITY SHARE OF THE FACE VALUE OF RS.10/- EACH THE ISSUE PRICE IS 3.3 TIMES OF THE FACE VALUE

This Issue is being made through 100% Book Building Process wherein upto 50% of the Net Issue to the Public will be available for allocation to Qualified Institutional Buyers ("QIB") on a proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be available for allocation on proportionate basis to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. Further, at least 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Net Issue to the Public 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.

The Board of Directors of the Company wishes to thank all the Investors for their response to the Public Issue which opened on June 4,2009 and closed on June 9,2009. The Net Issue to Public received 24,754 valid applications for 5,08,93,400 Equity Shares resulting in 7.42 times subscription.

The details of the valid applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors categories are as under:

Category No. of Applications No. of Shares Subscription (No. of times)
Qualified Institutional Buyers 3 7,75,000 0.226128
Non-Institutional Investors 167 1,20,99,400 6.633989
Retail Individual Investors 24,584 3,80,19,000 8.933770

Final Demand
A sample of the final demand at different bid prices is as under:

Bid Price No. of Equity Shares % of Total Cumulative Total Cumulative % to Total
29 8,41,600 1.5187 5,54,14,000 100.0000
30 32,600 0.0588 5,45,72,400 98.4813
31 7,86,200 1.4188 5,45,39,800 98.4224
32 44,400 0.0801 5,37,53,600 97.0036
33 1,46,58,200 26.4522 5,37,09,200 96.9235
CUTOFF 3,90,51,000 70.4714 3,90,51,000 70.4714

Note: the above analysis is based on electronic bids.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on June 19,2009. Details of valid applications received and allotment done as under:

A) Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors including ASBA applicants, who have bid at cut-off or at the Issue Price of Rs. 33/- per Equity Share, was finalized in consultation with BSE, The category was subscribed to the extent of 8.933770 times. The total number of shares allotted in this category is 42,56,418 Equity Shares to 14,765 successful applicants including Spill over from QIB category of 18,56,575 Equity Shares. 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
200 5,668 23.06 11,33,600 2.98 200 11:98 1,27,200
400 2,067 8.41 8,26,800 2.18 200 21:94 92,400
600 1,187 4.83 7,12,200 1.87 200 1:3 79,200
800 2,696 10.97 21,56,800 5.67 200 17:38 2.41,200
1000 1,203 4.89 12,03,000 3.16 200 33:59 1,34,600
1200 238 0.97 2,85,600 0.75 200 2:3 31,800
1400 1,170 4.76 16,38,000 4.31 200 18:23 1,83,200
1600 359 1.46 5,74,400 1.51 200 76:85 64,200
1800 118 0.48 2,12,400 0.56 201 FIRM 23,718
2000 283 1.15 5,66,000 1.49 224 FIRM 63,392
2200 41 0.17 90,200 0.24 246 FIRM 10,086
2400 43 0.18 1,03,200 0.27 269 FIRM 11,567
2600 22 0.09 57,200 0.15 291 FIRM 6,402
2800 37 0.15 1,03,600 0.27 313 FIRM 11,581
3000 9,452 38.45 2,83,56,000 74.58 336 FIRM 31,75,872

B) Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs. 33/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 6.633989 times. The total number of shares allotted in this category  is 18,23,850 Equity Shares to 167 successful applicants including Spill over from QIB category of 7,95,675. The category-wise details of the Basis of Allocation (Sample) 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
3200 1 0.599 3200 0.026 483 FIRM 483
3800 1 0.599 3800 0.031 574 FIRM 574
4000 2 1.198 8000 0.066 604 FIRM 1208
4600 1 0.599 4600 0.038 694 FIRM 694
5000 3 1.796 15000 0.124 754 FIRM 2263
8000 5 2.994 40000 0.331 1206 FIRM 6030
10000 8 4.79 80000 0.661 1507 FIRM 12056
12000 2 1.198 24000 0.198 1809 FIRM 3618
15000 16 9.581 240000 1.984 2261 FIRM 36176
18000 1 0.599 18000 0.149 2713 FIRM 2713
30000 12 7.186 360000 2.975 4522 FIRM 54264
45600 1 0.599 45600 0.377 6874 FIRM 6874
50000 3 1.796 150000 1.24 7537 FIRM 22611
51000 1 0.599 51000 0.422 7688 FIRM 7688
60600 2 1.198 121200 1.002 9135 FIRM 18270
100000 8 4.79 800000 6.612 15074 FIRM 120592
151400 7 4.192 1059800 8.759 22822 FIRM 159754
151600 2 1.198 303200 2.506 22852 FIRM 45704
185000 1 0.599 185000 1.529 27887 FIRM 27887
289200 1 0.599 289200 2.39 43594 FIRM 43594
1011000 1 0.599 1011000 8.356 152397 FIRM 152397

C) Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available Equity Shares 7,75,000 to 3 successful applicants on proportionate basis. The Unsubscribed portion (26,52,250 Equity shares) is spilled over to Non Institutional Investors category and Retails Individual Investor category in the ratio of 30:70).

Category (Fll) No. of Applications % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No. of Shares Allocated
75000 1 33.333 75000 9.677 75000 FIRM 75000
200000 1 33.333 200000 25.806 200000 FIRM 200000
500000 1 33.333 500000 64.517 500000 FIRM 500000

The Meeting of the Board of Directors of the Company held at Registered and Corporate Office, Mumbai on June 19,2009 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.

The Can-cum-Refund Orders and ECS/RTGS/NEFT/Direct Credit Intimation has been dispatched on June 23,2009 to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue, 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 shares allocated to the successful applicants have 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 Bombay Stock Exchange, Jaipur Stock Exchange and Pune Stock Exchange within seven working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Mondkar Computers Private Limited, at www.mondkarcomputers.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 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:

Mondkar Computers Pvt. Ltd.
25, Shakil Niwas, Opposite Satya SaiBaba Temple, Mahakali Caves Road, Andheri(E), Mumbai-400 093
Tel: +91-022-28207203-05,28257641, Fax: +91 -022-28207207
Webside: www.mondkarcomputers.com, E-Mail: rtcl_ipo@mondkarcomputers.com
Contact Person: Mr. Ravindra Utekar

Place: Mumbai
Date : June 23,2009
For RISHABHDEV TECHNO CABLE LTD.
On behalf of the Board of Directors
Sd/-
Chairman and Managing Director

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 prospectus of Rishabhdev Technocable Limited.

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