A2Z Maintenance IPO Basis of Allotment

A2Z Maintenance & Engineering ServicesLimited

(The company was incorporated in the NCT of Delhi & Haryana as 'A2Z Maintenance services Private Limited' On january 7,2002 under the companies act 1956, as amended. Persuant to a special resolution of the shareholders at an extraordinary general meeting held on May 2,2005, the name of the company was changed to'A2Z Maintenance & Engineering services Private Limited'. The fresh certificate of incorporation issued by the Registrar of Companies, NCT of Delhi & Haryana, Located as New Delhi (the 'ROC') on June 13,2005. Subsequently, pursuant to a special resolution of the shareholders of the company at an Extraordinary general meeting held on March 12, 2010, the company became a public limited company and the word 'Private' was deleted from it's name. The Fresh certificate of incorporation to reflect the new name was issued by the RoC on March 26, 2010. For Details of changes in the name and the registered office of the company, please see the section 'History and Certain Corporate Matters' beginning on page 116 of the Prospectus. )

Registered Office: O-116, Ist Floor, DLF Shopping Mall, Arjun Marg, DLF Phase-I, Gurgaon 122 022, Haryana, India Telephone: +91 124 4581 706
Corporate Office: Plot no. 44, Sector 32, Institutional Area, Gurgaon, 122 001 Haryana, India; Telephone: +91 124 4777 800; Facsimile: +91 124 4380 014
Contact Person amd Compliance Officer: Mr. Atul Kumar Agarwal; Email: Complianceofficer@a2zemail.com ; Website: www.a2zgroup.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 19,407,750 EQUITY SHARES OF FACE VALUE RS. 10 EACH ('EQUITY SHARES') OF A2Z MAINTENANCE & ENGINEERING SERVICES LIMITED ('A2Z' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 400 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING RS. 7,762.47 MILLION, COMPRISING A FRESH ISSUE OF 16,876,569 EQUITY SHARES OF RS. 10 EACH AT THE ISSUE PRICE, AGGREGATING RS. 6,750.00 MILLION BY THE COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 2,531,181 EQUITY SHARES' OF RS. 10 EACH AT THE ISSUE PRICE, AGGREGATING RS. 1,012.47 MILLION, BY THE SELLING SHAREHOLDERS. THE FRESH ISSUE AND THE OFFER FOR SALE ARE TOGETHER REFERRED TO HEREIN AS THE 'ISSUE'. UP T0 100,000 EQUITY SHARE OF RS. 10 EACH WERE RESERVED IN THE ISSUE FOR SUBSCRIPTION BY EMPLOYEES (THE 'EMPLOYEE RESERVATION PORTION'). A DISCOUNT OF 5% TO THE ISSUE PRICE WAS OFFERED TO THE EMPLOYEES AT THE TIME OF ALLOTMENT (THE 'EMPLOYEE DISCOUNT'). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE ANDTHE NET ISSUE CONSTITUTE APPROXIMATELY 26.16% AND 26.03%, RESPECTIVELY, OF THE POST-ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

ANCHOR INVESTOR BID/TSSUE DATE WAS DECEMBER7,2010 •BID/ISSUE OPENED ON DECEMBER 8,2010  •CLOSED ON DECEMBER 10,2010

This Issue was made through the Book Building Process wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'), provided that the Company could allocate up to 30% of the QIB Portion to Anchor Investors on a discretionary basis  in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (' SEBI ICDR Regulations'). Further, 5% of the QIB Portion (excluding the Anchor Investor Portion was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, up to 100,000 Equity Shares were available for allocation on a proportionate basis to Employees, subject to valid Bids being received at or above the Issue Price, provided that the value of allotment to a single Employee did not exceed Rs. 200,000.
The Company allocated 3,137,940 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.400 in accordance with the SEBI ICDR Regulations.

The Issue received 12,548 applications for 19,666,920 Equity Shares resulting in 0.9177 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors, Anchor Investors and Employee categories are as under: (Before technical rejections).

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on December 16,2010.

A.  Allocation to Employees (After Technical Rejections) including ASBA Applications
The Basis of Allotment to the Employees, who bid at the cut-off price or at or above the Issue Price of Rs. 400 per Equity Share (a discount of 5% to the Issue Price was offered to the Employees at the time of allotment and hence the net Issue Price for this category was Rs.380 per Equity Share), was finalized In consultation with BSE. This category was subscribed to the extent of 0.3138 times.
The total number of Equity Shares allotted in this category was 31,380 Equity Shares to 129 successful applicants. Full and firm allotment was made to all valid applications in this category.
The under subscribed portion of 68,620 Equity Shares was spilled over to QIBs (34,310 Equity Shares), Non-Institutional Bidders (10,293 Equity Shares) and Retail Individual Bidder Category (24,017 Equity Shares). The category-wise details of the Basis of Allotment are as under:

B.  Allocation to Retail Individual Investors (After Technical Rejections) Including ASBA Applications
The Basis of Allotment to the Retail Individual Investors, who bid at the cut-off price or at or above the Issue Price of Rs. 400 per Equity Share, was finalized in consultation with BSE. This category was subscribed to the extent of 0.2521 times. The total number of Equity Shares allotted in Retail Individual Investor category was 1,888,305 Equity Shares to 12,129 successful applicants. The under subscribed portion of 5,601,630 Equity Shares was spilled over to Non-Institutional Bidders. The category-wise details of the Basis of Allotment are (sample) as under:

C. Allocation to Non Institutional Investors (After Technical Rejections) Including ASBA Applications.
The Basis of Allotment to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs. 400 per Equity Share, was finalized in consultation with BSE. This category was subscribed to the extent of 0.8200 times. The total number of Equity Shares allotted in this category was 9,216,705 Equity Sharps to 33 successful applicants. The category-wise details of the Basis of Allotment are (sample) under:

D. Allocation to QIBs including ASBA Applications
Allocation to QIBs was done in consultation with BSE. As per the SEBI ICDR Regulations, Mutual Funds were initially allocated 5% of the quantum of Equity Shares available (378,098 Equity Shares), including spill over from Employee Category to the extent of 1,715 Equity Shares and other QIBs were allocated the remaining available Equity Shares (4,755,322 Equity Shares) on proportionate basis, including spill over from Employee Category to the extent of 32,595 Equity Shares. The under subscribed portion of 2,428,546 Equity Shares was spilled over to Non-Institutional Bidders.

E. Allocation to Anchor Investors
Allocation to Anchor Investors was as per SEBI ICDR Regulations. As per the SEBI ICDR Regulations, 30% of QIB Portion (3,137,940 Equity Shares) was allotted to Anchor Investors.

The IPO Committee of the Company at it' s Meeting held on December 16,2010, has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange for the Issue viz., BSE, and has authorized the Corporate Action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice and / or Notices have been dispatched to the addresses of the investors as registered with the depositories on or prior to December 18,2010. Further, the instructions to SCSBs have been dispatched on or prior to December 16,2010. In case the same is not received within ten days, investors may contact the Registerar at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts on or prior to December 20,2010, 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 the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on December 23,2010.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus dated December 16,2010 filed with the Registrar of Companies, NCT of Delhi & Haryana, located at New Delhi ('Prospectus')

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 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
Tel.:+91 22 2596 0320, Fax:+91 22 2596 0329
Email ID: a2z.ipo@linkintime.co.in