Basis of Allotment
Aurionpro Solutions Limited

Aurionpro Solutions Limited

(The Company was incorporated on October 31, 1997 as Value Added Information Distribution Services Privated Limited. The name of our Company was changed to VAIDS Technologies Privated Limited on April 30, 2001 and subsequently to Aurionpro Solutions Privated Limited on September 18, 2003. The Company was converted into a public limited company on March 09, 2005.)

Registered Office: 1D, Dhiraj Pen Compound, 58/59, Andheri-Kurla Road, Andheri East, Mumbai-400 059, India

(At the time of incorporation, the Registered Office of the Company was situated at 404, Gold Mohur, 174, Princess Street, Mumbai-400 002. With effect from December 17, 2004, the Registered Office of the Company was situated at 404, Gold Mohur, 174, Princess Street, Mumbai-400 002. With effect from December 17, 2004, the Registered Office of the Company is shifted to the present address).

Tel.+91-22-2825 2721/22/23, Fax: +91-22-2832 1932, Email: ipo@aurionprosolutions.com, Website:www.aurionprosolutions.com

Corporate Office : 1st floor, Udyog Sadan III, MIDC, Andheri East, Mumbai-400 093, India

Tel: +91-22-2832 1901, Fax: +91-22-2832 1932, E-mail: ipo@aurionprosolutions.com, Website: www.aurionprosolutions.com

Compliance Officer: Ms.Angna Arora, Company Secretary

PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS.90/- (INCLUDING PREMIUM OF RS.80/-) PER SHARE AGGREGATING RS.2700.00 LACS (HEREINAFTER REFERRED TO AS "THE ISSUE") INCLUDING EMPLOYEE RESERVATION OF 2,50,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS.90/- PER SHARE AND THE NET ISSUE TO THE PUBLIC OF 27,50,000 EQUITY SHARES OF RS.10/- EACH ISSUED FOR CASH AT A PRICE OF RS.90/- PER SHARE. THE ISSUE CONSTITUTES 25.44% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH AND THE ISSUE PRICE IS 9 TIMES OF THE FACE VALUE

The Issue made through the 100% book building process wherein atleast 50% of the Issue was to be allocated on a discretionary basis to Qualified Institutional Buyers(QIBs). Further, not more than 15% of the Issue was to be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was to be made available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Board of Directors of Aurionpro Solutions Limited wish to thank the Investing Public for their response to the Issue which opened on September 27, 2005 and closed on October 4, 2005. The Issue received 68133 applications for 37229960 equity shares(Including reserved category for Employees) resulting in 12.41 times subscription. The details of the valid applications received in the Issue from Retail, Non Institutional Investor, and Qualified Institutional Investor and Employee categories are as under:

Category No. of Applications No. of Shares Subscription (times)
Qualified Institutional Buyers 15 8194410 5.96
Non Institutional Investors 166 2741760 6.65
Retail Investors 65110 24872786 25.84
Employees 46 316400 1.27

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

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to Total
81 53900 0.133 40591530 100.00
82 3500 0.009 40537630 99.867
83 770 0.002 40534130 99.859
84 10850 0.027 40533360 99.857
85 48860 0.12 40522510 99.830
86 1540 0.004 40473650 99.710
87 1330 0.003 40472110 99.706
88 5880 0.014 40470780 99.703
89 10500 0.026 40464900 99.688
90 14369530 35.400 40454400 99.662
9999 26084870 64.262 26084870 64.262

The Basis of Allotment was finalized In consultation with Bombay Stock Exchange Limited on October 14,2005,

A. Allocation to Retail Investors

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 90/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 25.84 times. The total number of shares allotted in this category is 962710 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 per Applicant Ratio Total No. of Shares Allocated
70 11125 17.09 778750 3.13 70 1:26 30100
140 7907 12.14 1106980 4.45 70 1:13 42770
210 5985 9.19 1256850 5.05 70 5:43 48650
280 4445 6.83 1244600 5.00 70 9:58 48300
350 3218 4.94 1126300 4.53 70 6:31 43610
420 1390 2.13 583800 2.35 70 3:13 22470
490 23617 36.27 11572330 46.53 70 13:48 447860
560 707 1.09 395920 1.59 70 14:45 15400
630 189 0.29 119070 0.48 70 11:32 4550
700 322 0.49 225400 0.91 70 9:23 8820
770 71 0.11 54670 0.22 70 28:71 1960
840 82 0.13 68880 0.28 70 19:41 2660
910 55 0.08 50050 0.2 70 6:11 2100
980 134 0.21 131320 0.53 70 37:67 5180
1050 5863 9.00 6156150 24.75 70 18:31 238280

B. Allocation to Non Institutional Investors

The Basis of Allocation to the Non Institutional Investors, who have bid at cut-off or at the Issue Price of Rs. 90- per Equity Share, was finalized in consultation with BSE. The category was subscribed 6.65 times. The total number of shares allotted in this category is 412507 Equity Shares. All the applicants in this category have been given firm allotment on proportionate basis inverse to the over-subscription ratio.

C.Allocation to QIBs

Category FIs/Banks MFs FIIs Insurance Companies VCs Total
No.of Shares Nil 525000 850000 Nil Nil 1375000

D. Allocation to Employees
The Basis of Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs. 90/- per Equity Share, was finalized in consultation with BSE.The category was subscribed 1.27 times. The total number of shares allotted in this category is 250030 Equity Shares. All the applicants in this category have been given firm allotment on proportionate basis inverse to the over-subscription ratio.

The Board of Directors of the Company at it's Meeting held at Mumbal on October 17,2005 has approved the basis of allocation as above and the shares to various successful applicants have been allotted accordingly.

The CAN cum Refund Orders in respect of the refund due to the applicants are being dispatched to the address of the Investors as registered with the depositories. In case the same is not received within ten days, Investors may contact at the address given below. The Refund orders have been printed with the Bank mandate details as registered., if any with the depositories. The Shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. Aurionpro Solutions Limited is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
All future correpondence in this regard may kindly be addressed to the Registerars 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:

BIGSHARE SERVICES PRIVATE LIMITED
E-2, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri(E), Mumbai-400072; Tel: 91 22 28470652/0653;
Fax: 91 22 28475207; e-mail: ipo@bigshareonline.com; website: www.bigshareonline.com

Contact Person: Mr.V.Kumaresan

Place : Mumbai
Date : October 18, 2005

For Aurionpro Solutions Limited
Sd/-
Angna Arora
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 AURIONPRO SOLUTIONS LIMITED
Close