Alkali Metals IPO Basis of Allotment

ALKALI METALS LIMITED

(Our Company was incorporated on April 17,1968 as Alkali Metals Private Limited under the provisions of the Companies Act, 1956 in Hyderabad, Andhra Pradesh with Registration No. 01 -001196. Our Company became a deemed public limited company on June 18,1975 under the Companies Act, 1956 and subsequently converted into a private limited company on October 6,1976. Our Company again became a deemed public company on July 6,1977 and the name was changed to Alkali Metals Limited, after which it was again converted into a private limited company on November 10,1986 and named Alkali Metals Private Limited. Our Company was converted into a public limited company and called Alkali Metals Limited vide a fresh Certificate of Incorporation dated July 29,1992)
Registered Office: B-5, Block III, Industrial Development Area, Uppal. Hyderabad-500 039, Andhra Pradesh, India.
Tel: +91 40 2720 2298,2720 1179; Fax: +91 40 27201454; Email: secretarial@alkalimetals.com;
Website: www.alkalimetals.com
Contact Person: Mr. Vasudeva Rao Devaki, Company Secretary & Compliance Officer.

This Issue was made through a 100% Book Building Process wherein upto 50% of the Issue will be allocated to Qualified Institutional Buyers (QIBs) 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 to Mutual Funds only. Mutual Fund Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. Further, atleast 15% of the Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and atleast 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.
The Issue received 1,315 applications for 25,88,365 Equity Shares resulting in 1.02 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor categories are as under: (Before technical rejections)

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

The Basis of Allotment was finalized in consultation with The Bombay Stock Exchange Limited ('BSE') on October 24, 2008. The Board of Directors of the Company at its Meeting held at Hyderabad, on October 24,2008, 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)
The Basis of Allotment to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 103/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.55 times and the undersubscribed portion of 3,97,330 equity shares, have been added to the Non Institutional category for allotment. A total of 4,95,170 equity shares have been allotted to 1,240 successful applicants in this category. The category wise details are as under:

B. Allotment to QIBs
The category was subscribed 0.72 times and the undersubscribed portion of 3,62,335 equity shares, have been added to the Non Institutional category for allotment A total of 9,12,665 equity shares have been allotted to 1 successful applicant on a firm allotment basis, details of which are as under:

C. Allotment to Non Institutional Investors (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 103 per Equity Share, was finalized in consultation with BSE. The category was over subscribed 3.08 times. The total number of equity shares allotted in this category is 11,42,165 to 54 successful applicants, which includes the original reservation of 3,82,500 Equity Shares and spill over from QIB and Retail category of 3,62,335 and 3,97,330 Equity Shares respectively. All the applicants in this category have been given firm allotment on proportionate basis, inverse to the oversubscription ratio.

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 68 centers specified by SEBI. 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. The company is taking steps to get the equity shares admitted for trading on the Bombay Stock Exchange Limited and The National Stock Exchange of India Limited within seven Working days from the date of approval of the basis of allotment.

INVESTORS PLEASE NOTE
This details ol the allotment made would be hosted on the website of Registrars to the Issue, Cameo Corporate Services Limited at www.cameoindia.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:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, No.1, Club House Road, Chennai - 600 002.
Tel No: +91 44 2846 0390/1948; Fax: +91 44 2846 0129;
Email: cameo@cameoindia.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ALKALI METALS LIMITED