Autoline IPO Basis of Allotment

AUTOLINE INDUSTRIES LIMITED

Originally incorporated as Autoline Stampings Private Limited vide Registration No: 11-104510 on December 16 ,1996 in Mumbai under the Companies Act, 1956 and subsequently changed its name to Autoline Industries Private Limited on 10th January, 2006 and then converted into Autoline Industries Limited, a 'Public Limited Company on 13^th January, 2006 vide its CIN: U34300PN1996PLC104510.
Registered Office: T-135, MIDC, Bhosari, Pune - 411026.
Tel.: 020-27128961/62, 30682011/12; Fax: 020-27110540; Website: www.autolineind.com
E-mail: ipo@autolineind.com Contact Person: Mr. Ashutosh B Kulkami - Company Secretary & Compliance Officer.

Unit - I: S. No. 825, Kudalwadi, Post Chikhali, Taluka Haveli, Pune-412114; Tel. No.: 020-27490022/5610;
Fax No.: 020- 27490092; Unit-II: S. No. 291 to 296, Nanekarwadi, Taluka Khed, Dist-Pune-410501
Tel. No.: 952135-563035; Unit-III: T-135, MIDC, Bhosari, Pune -411026; Tel, No.: 020-27128961/62, 30682011/12; Fax: 020-27110540; Unit- IV: S. No.313, 314,320 to 323, Nanekarwadi, Chakan, Taluka Khed, Pune -410501; Tel. No.: 952135-563035; Unit-V: F-II, 24/25 MIDC, Pimpri, Puns -411018; Tel. No.: 020-27477376177; Fax: 020-27474034.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 33,33,333 EQUITY SHARES THROUGH 100% BOOK BUILDING PROCESS OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF PS. 225, AGGREGATING RS. 750 MILLION (HEREIN AFTER REFERRED TO AS 'THE NET ISSUE'). THE ISSUE WOULD CONSTITUTE 32.15% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF AUTOLINE INDUSTRIES LIMITED.

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- THE ISSUE PRICE OF Rs.225 PER EQUITY SHARE IS 22.5 TIMES OF THE FACE VALUE.

The issue was made through the 100% Book Building process where at least 50% of the net issue to the public shall be allocated on proportionate basis to Qualified Institutional Buyers (5% of the QIB portion shall be available for allocation on proportionate basis for Mutual Funds only). If at least 50% of the net issue cannot be allocated to QIBs, then the entire application money will be refunded. Further not less than 15% of the net Issue to the public shall be available for allocation to Non-Institutional Bidders and not less than 35% of the net issue to the public shall be available for allocation to Retail Individual Investors on proportionate basis, subject to the valid bid received at or above the issue price.

The Issue received 73959 applications for 63683875 equity shares resulting in 19.34 times subscription. The details of the applications received (Before Technical Rejections) in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Individual Bidders are as under:

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

The Basis of Allotment was finalized in consultation with Bombay Stock Exchange Limited ('BSE') on January 23, 2007.

A) Allocation to Retail Individual Bidders:

The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at and above the Issue Price of Rs.225/- per Equity Share, was finalized in consultation with BSE (the designated stock exchange). The category was over subscribed 13.4111 times. The total number of shares allotted in this category is 1166666, Equity Shares. The category-wise details of the Basis of Allocation are as under

B) Allocation to Non Institutional Bidders:

The Basis of Allocation to the Non institutional Bidders, who have bid at and above the Issue Price of Rs.225/- per Equity Share, vas finalized in consultation with BSE (the designated stock exchange). The category was subscribed 34.6817 times. The total number of shares allotted in this category is 500000 Equity Shares. A sample of category-wise details of the Basis of Allocation are as under:

C) Allocation to Qualified Institutional Bidders(QIBs)
Allocation to QIBs (1666667 shares) have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited (Designated Stock Exchange). As per SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available for QIBs (83333 shares). The remaining number of shares applied for by Mutual Funds were added to the other QIB applications and then available shares in the QIB category (1583334 shares) were allotted on proportionate basis to all QIB applicants including Mutual Funds. The sectoral cap and other limits applicable to the holding of shares in the company have been taken into account while allotting shares. Mutual Funds were allotted 17.3305% and other QIB applicants were allotted 82.6695% of the shares in the QIB segment.

The IPO Committee of the company at its Meeting held at Mumbai on January 24,2007 has approved the basis of allocation
of shares of the Issue and has allotted the shares to various successful applicants.

The Refund Orders will be 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, 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 Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE: This details of the allocation made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:

INTIME SPECTRUM REGISTRY LIMITED, C-13, Pannalal Silk Mills Compound, LBS Road, Bhandup (W),
Mumbal 400078, India. Tel: +91 22 25960320, Fax: +91 22 25960329.