Astral IPO Basis of Allotment

ASTRAL POLY TECHNIK LIMITED

(Our Company was incorporated on March 25,1996 as ASTRAL POLY TECHNIK PRIVATE LIMITED, under the Companies Act, 1956 with Registration Number 04-29134 of 1995-96. The name of our Company was changed to ASTRAL POLY TECHNIK LIMITED vide Fresh Certificate of Incorporation dated September 29, 2006 with Company Identification Number U25200GJ1996PLC029134. The Registered Office of our Company was shifted from 59, Nehru Park, Vastrapur, Ahmedabad - 380 015 to A-1, Supal Apartments, Nehru Park, Vastrapur, Ahmedabad - 380 015 with effect from January 16,1998 and to its present address with effect from June 4,2001.)
Registered Corporate Office: 901, Parshwa Towers, Opp. Rajpath Club, Sarkhej-Gandhinagar Highway. Ahmedabad- 380 054, India Tel: +91-079-30112100; Fax: +91-079-26872214;
Contect person:Mr.Lokesh Dave (Company Secretary and Compliance Officer)
E-mail:investor@astralcpvc.com Website; www.astralcpvc.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 29,71,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 115/- PER EQUITY SHARE FOR CASH AGGREGATING RS. 3416.65 LACS (HEREINAFTER REFERRED TO AS THE 'ISSUE')
THE ISSUE OPENED FOR SUBSCRIPTION ON FEBRUARY 14,2007 AND CLOSED ON FEBRUARY 22,2007
The Company received 11,668 applications for 55,43,710 Equity Shares. Of which valid applications were 11,104 for 51,39,450 Equity Shares. Of the total valid applications received, 10,954 applications were In retail category for 31,19,750 Equity Shares, 150 applications in Non-retail category for 20,19,700 Equity Shares, 44 applications in Eligible Employees Category for 47150 Equity Shares. The public issue was oversubscribed by 1.78 times in case of Retail Category, 1.73 times in case of Non-Retail Category ,0.31 times In case of Eligible Employees category.
As per the prospectus, under subscription of 1,02,850 Equity Shares in the Eligible Employees category was spilled over for allotment to Public in the Ratio of 60% to Retail Category and 40% to Non Retail Category.
In terms of the Prospectus and also as per the guidelines issued by SEBI, not less than 50% of the net offer to the Public shall be available for allotment to Retail Individual applicants and balance 50% of the net offer to Public shall be available for allotment to individual applicants other than Retail individual investors and other investors including corporate bodies/institutions irrespective of number of shares applied for. However, out of the total subscription 60% were applied by Retail Investors and 40% were applied by Non Retail Investors. Hence the basis of allotment was drawn in the proportion of the subscription, i.e. 60% was proposed to be allotted to Retail Investors and the balance i.e 40% to Non Retail Investors. As required under the listing agreement, the basis of allotment has been approved by the designated stock exchange i.e. Bombay Stock Exchange Limited, on March 9,2007.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Ltd. on March 9,2007.

A. Allotment to Retail Investors
The Basis of allotment to the Retail Investors, who have applied at the Issue Price of Rs. 115/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.78 times. The total number of shares allotted in this category is 17,54,316 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Retail Investors
The Basis of Allotment to the Non Retail investors, who have applied at the Issue Price of Rs.115/- per Equity Share, was finalized in consultation with BSE. Thecategory was subscribed 1.73 times. The total  number  of shares alloted in this category is 11,69,540 Equity Shares. The category-wise details of the Basis of Allotment are as under:

C. Allotment to Eligible Employees
Allotment to Employees have been done on a Firm basis in consultation with the Bombay Stock Exchange Limited. Since this Category was undersubscribed all the shares applied were allotted. The category-wise details of the Basis ot Allotment are as  under:

The Board of the Company, at its Meeting held at Ahmedabad on March9, 2007 has Approved the basis of allotment of Shares of The issue and has alloted the shares to varous successful applicants.
The Refund Orders and allotment advice and notice has been 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 over-printed with the Bank Mandate details as registered, it any, with the depositories. The shares allotted 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 National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allotment.

INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Bigshare Services Pvt. Ltd. at www.bigshareonline.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 Application firm, DPID, Client ID number of shares applied for, name of the bank and branch where the application was submitted and payment details at the address given below:

Bigshare Services Pvt Ltd.
E-2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka Andheri East, Mumbai 400 072
Tel: +91 22 2847 0652 Fax: +9122 2847 5207
Email: ipo@bigshareonline.com Website: www.bigshareonline.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BETAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OFTHE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF ASTRAL POLY TECHNIK LTD.