February 21, 2011 - February 24, 2011

Acropetal IPO Basis of Allotment

ACROPETAL TECHNOLOGIES LIMITED
INNOVATING A BETTER WORLD

Our Company was incorporated on April 25,2001 as a public limited company under the Companies Act, 1956 and obtained Certificate of Commencement of Business on May 02,2001. The Corporate Identification Number of our Company is U72900KA2001PLC028944.Registered Office: #2/10,3rd floor, Ajay Plaza, 1st Main, N.S. Palya, Bannerghatta Road, Bangalore - 560 076, Karnataka, India. Tel No : + 91-80-4155 9501/02; Fax No: + 91-80-2678 9553;
E-mail: ipo@acropetal.com; Website: www.acropetal.com; Contact Person: Mr. Jamili Jalaiah, Compliance Officer. Promoter: Mr. D. Ravi Kumar.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,88,88,889 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 90 PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 80 PER EQUITY SHARE) FOR CASH AGGREGATING RS. 17,000 LACS (THE 'ISSUE'), BY ACROPETAL TECHNOLOGIES LIMITED (THE 'COMPANY' OR THE 'ISSUER'). THE ISSUE WILL CONSTITUTE 48.57% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE NET ISSUE TO PUBLIC WILL CONSTITUTE 48.57% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

BID/ISSUE: OPENED ON FEBRUARY 21,2011, CLOSED ON FEBRUARY 24,2011

The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ('BSE') and The National Stock Exchange of India ('NSE').

ISSUE PRICE: RS. 90/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH

THE ISSUE PRICE IS 9 TIMES OF THE FACE VALUE

This Issue was made through a 100% 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'), 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.
The Issue received 5,616 applications for 2,23,92,300 equity shares resulting in 1.19 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories (Before technical rejections) are as under:

Category	No. of Applications	No. of Shares	No. of times Subscription
Qualified Institutional Investors	5	1,06,58,520	1.13
Non Institutional Investors	28	36,89,460	1.30
Retail Individual Investors	5,583	80,44,320	1.22

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
88	2,62,020	1.04	262020	1.038
89	2,280	0.01	264300	1.047
90	1,73,24,280	68.64	17588580	69.690
CUTOFF	76,49,700	30.31	25238280	100.00
Total	2,52,38,280	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on March 04,2011. The Board of Directors of the Company at its Meeting held at Bangalore, on March 06,2011 has taken on record the Basis of Allotment of Equity Shares approved by BSE and has allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allotment to Retail Individual Investors (After Technical Rejections) including ASBA Applications
The Basis of Allotment to the Retail Individual Investors, who 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 1.20 times. The total number of equity shares allotted in this category is 6611520 Equity Shares to 5,495 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applns.	% to total	Total No. of Shares applied	% to total	No. of Shares allotted	Ratio	Total No. of Shares allotted
60	524	9.536	31,440	0.393	60	5:6	26,220
120	253	4.604	30,360	0.380	99	1:1	25,047
180	121	2.202	21,780	0.272	149	1:1	18,029
240	71	1.292	17,040	0.213	198	1:1	14,058
300	83	1.510	24,900	0.311	248	1:1	20,584
360	23	0.419	8,280	0.104	298	1:1	6,854
420	16	0.291	6,720	0.084	347	1:1	5,552
480	14	0.255	6,720	0.084	397	1:1	5,558
540	35	0.637	18,900	0.236	446	1:1	15,610
600	42	0.764	25,200	0.315	496	1:1	20,832
660	5	0.091	3,300	0.041	546	1:1	2,730
720	5	0.091	3,600	0.045	595	1:1	2,975
780	3	0.055	2,340	0.029	645	1:1	1,935
840	5	0.091	4,200	0.053	694	1:1	3,470
900	2	0.036	1,800	0.023	744	1:1	1,488
960	6	0.109	5,760	0.072	794	1:1	4,764
1020	13	0.237	13,260	0.166	843	1:1	10,959
1080	1,465	26.661	15,82,200	19.783	893	1:1	13,08,245
1140	12	0.218	13,680	0.171	942	1:1	11,304
1200	10	0.182	12,000	0.150	992	1:1	9,920
1320	1	0.018	1,320	0.017	1091	1:1	1,091
1440	3	0.055	4,320	0.054	1190	1:1	3,570
1500	6	0.109	9,000	0.113	1240	1:1	7,440
1560	1	0.018	1,560	0.020	1289	1:1	1,289
1620	13	0.237	21,060	0.263	1339	1:1	17,407
1680	1	0.018	1,680	0.021	1389	1:1	1,389
1740	2	0.036	3,480	0.044	1439	1:1	2,878
1800	3	0.055	5,400	0.068	1488	1:1	4,464
1860	3	0.055	5,580	0.070	1537	1:1	4,611
1980	2	0.036	3,960	0.050	1637	1:1	3,274
2040	1	0.018	2,040	0.026	1686	1:1	1,686
2100	2	0.036	4,200	0.053	1736	1:1	3,472
2160	32	0.582	69,120	0.864	1785	1:1	57,120
2220	2,717	49.445	60,31,740	75.416	1835	1:1	49,85,695

B. Allotment to Non Institutional Investors (After Technical Rejections) including ASBA Applications
The basis of allotment to Non Institutional Investors, who bid at the Issue Price of Rs. 90/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.30 times.
The total number of equity shares allotted in this category is 28,34,394 Equity Shares to 28 successful applicants. All the applicants in this category have been given firm allotment on proportionate basis inverse to the oversubscription ratio.

C. Allotment to QIBs (After Technical Rejections) including ASBA Applications
The Basis of Allotment to QIBs was done on a proportionate basis in consultation with BSE. No Mutual Funds applications were received in the issue. The total number of equity shares allotted in this category is 94,44,444 Equity Shares to 5 successful applicants.

Category	Flls	Others	Total
No. of Shares	9,44,44,444	-	9,44,44,444

Dates of dispatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Activity	Date of Completion
Approval of Basis of Allotment by BSE	March04,2011
Instructions to the Self Certified Syndicate Banks (SCSBs) by the registrar	March 05,2011
Dispatch of Allotment Advices, Refund Orders and ECS Intimation Note	March 07,2011
Refund Instructions to the Clearing System (in case of Refunds through ECS system)	March07,2011
Listing Application to BSE & NSE	March 07,2011
Credit to beneficiary Accounts	March07,2011
Listing and Trading of equity shares on BSE and NSE	March 10,2011

Refunds have been made through NECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address 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 over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated February 25,2011 ('Prospectus') filed with the Registrar of Companies, Karnataka, India.

INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.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:

Sharex Dynamic (India) Private Limited
SEBI Registration No: INR000002102
Unit 1, Luthra Industrial Premises, Andheri Kuria Road, Safed Pool, Andheri (East), Mumbai - 400 072.
Tel No: +91 22 91 22 2851 5606. Fax No: +91 22 2851 2885, Email: atl.ipo@sharexindia.com,
Contact Person: Mr. B.S. Baliga

Place: Bangalore Date: March 8,2011	For ACROPETAL TECHNOLOGIES LIMITED Sd/- D.RAVI KUMAR (Chairman & Managing Director)

Acropetal IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Acropetal IPO .

The Acropetal IPO basis of allotment (published above) tells you how shares are allocated to you in Acropetal IPO and category wise demand of IPO share.

Visit the Acropetal IPO allotment status page to check the number of shares allocated to your application.

In Acropetal IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Acropetal IPO basis of allotment document to know how the shares are allocated in Acropetal IPO.

Acropetal IPO Basis of Allotment

Acropetal IPO Basis of Allotment FAQs

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