Allied Digital IPO Basis of Allotment

allied digital services limited

(The Company was incorporated on February 10,1995 as Allied Digital Services Private Limited under the Companies Act, 1956, later the Company was converted into a public limited company and received a fresh certificate of
Incorporation dated March 31,2006.)
Registered Office: 375, J.S.S Road, 5th Floor, Vidyut, Mumbai - 400 002, India.
Corporate Office: 3rd Floor, Kimmatrai Building, 77/79, Maharshi Karve Marg, Marine Lines, Mumbai - 400 002.
Tel.: +91-22-2200 2020, Fax: +91-22-2206 4170;
Compliance Officer: Mr. Ravindra V. Joshi;
E-mail: ipo@alliedindia.com: Website: www.alliedindia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 45,22,435 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 190 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 180 PER EQUITY SHARE) AGGREGATING TO RS. 8,593 LAKHS, (HEREINAFTER REFERRED TO AS 'THE ISSUE'), BY ALLIED DIGITAL SERVICES LIMITED ('THE COMPANY', or 'THE ISSUER'). THE ISSUE COMPRISES A RESERVATION FOR EMPLOYEES OF UP TO 2,00,000 EQUITY SHARES AGGREGATING RS. 380 LAKHS ('THE EMPLOYEE RESERVATION PORTION') AND THE NET ISSUE TO THE PUBLIC CONSISTS OF 43,22,435 EQUITY SHARES OF RS. 10 EACH AGGREGATING RS. 8,213 LAKHS ('NET ISSUE TO PUBLIC'). THE NET ISSUE TO PUBLIC WOULD CONSTITUTE 25% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 19 TIMES OF THE FACE VALUE.
The Issue is being made through the 100% Book Building process wherein up to 50% of the Net Issue to Public shall be allocated to Qualified Institutional Buyers ('QIBs') on a proportionate basis. Out of the portion available for allocation to the QIBs, 5% shall be available for allocation to Mutual Funds. Mutual Fund applicants shall also be eligible for proportionate allocation under the balance available for the QIBs. Further not less than 15% of the Net Issue to Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to 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. Further, up to 200,000 Equity Shares shall be available for allocation on a proportionate basis to the Employees, subject to valid Bids being received at or above the Issue Price.
The Board of Directors of Allied Digital Services Limited wish to thank the investing public for their response to the Issue which opened for subscription on July 02,2007 and closed on July 05,2007. The Issue has received 189778 valid applications for 270651990 Equity Shares, resulting in 59.8465 times subscription. The details of the subscription received in the Issue from QIBs, Non-Institutional, Retail categories are as under:

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

The Basis of Allocation was finalised in consultation with the Designated Stock Exchange - The Bombay Stock Exchange Limited ('BSE') July 17,2007.

A). ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
The Basis of Allocation to the Retail Individual Bidders, who have bid at the Issue Price of Rs. 190/- and above per Equity Share, was finalized in consultation with BSE. The Company has received 189181 valid applications for 55873965 Equity Shares in this category resulting In 36.9328 times subscnption. The unsubscribed portion of 1670 Equity Shares from Employee category has been offered to this category. The category-wise details of the Basis of Allotment are as under:

B) ALLOCATION TO NON-INSTITUTIONAL BIDDERS
The Basis of Allocation to the Non-Institutional Bidders, who have bid for at the Issue Price of Rs. 190/- and above per Equity Share, was finalized in consultation with BSE. The Company has received 339 valid applications for 56422835 Equity Shares in this category and unsubscribed portion of 715 shares from Employee category has also been offered to this category resulting in 87.0233 times subscription. The category-wise details of the Basis ofAllotment are as under:

C) ALLOCATION TO QUALIFIED INSTITUTIONAL BUYERS

The Committee of Directors for the Issue of the Company; vide resolution dated July 17, 2007, has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants.
The Confirmation of Allocation Note ('CAN') and Refund Orders in respect of refunds due to applicants have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten (10) 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 Equity Shares allotted to successful applicants are being credited to their respective 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 National Stock Exchange of India Limited ('NSE') and The Bombay Stock Exchange Limited ('BSE') within seven (7) working days from the date approval of Basis of Allocation.

INVESTORS PLEASE NOTE
These details of allocation made would be hosted on the website of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Intime Spectrum Registry Limited, 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, Place where the bid was submitted and payment details at the address given below:

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk Mills Compound, LBS Marg, Bhandup (West),
Mumbai -400 078. Tel: +91 22 25960320. Fax: +91 22 2596 0329,
Email: alliedipo@intimesDectrum.com Website: www.intimespectrum.com,
Contact Person: Mr. Sachin Achar

This communication is intended for release solely in India: This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.

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 ALLIED DIGITAL SERVCIES LIMITED.