BCB Finance IPO Basis of Allotment

BCB FINANCE LIMITED

Our Company was originally incorporated with the Registrar of Companies on November 25,2005 as BCB Finance Private Limited. Pursuant to a shareholders Resolution dated June 06,2011 the Company was converted into Public Limited Company and the name was changed to BCB Finance Limited. Fresh Certificate of Incorporation consequent to such change of name was issued by the Registrar of Companies, Mumbai vide certificate dated June 24,2011. For details of the changes in our name and Registered Office, see 'History and Other Corporate Matters' on page 76 of the Prospectus.

Registered Office: 1204, P. J. Towers, Dalal Street, Mumbai - 400001, Maharashtra, India. Tel.: +91 - 22 - 2272 2414; Fax: +91 - 22 - 2272 2414
Contact Person: Mr. Manish Kumar Mourya, Company Secretary and Compliance Officer.
Tel.: +91 - 22 - 2272 2414 Fax: +91 - 22 - 2272 2414 Email: manish@bcbfinance.com Website: www.bcbfinance.com

PUBLIC ISSUE OF 35,40,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF BCB FINANCE LIMITED ('BFL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS.25/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 885.00 LACS ('THE ISSUE'), OF WHICH, 6,40,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE PROSPECTUS) (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.e. ISSUE OF 29,00,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.78% AND 25.21%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time.

THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 2.5 TIMES THE FACE VALUE. ISSUE OPENED ON FEBRUARY 23,2012 AND CLOSED ON FEBRUARY 27,2012.

PROPOSED LISTING

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated February 10, 2012 from BSE for using its name in the offer document for listing of ourshares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced with effectfrom March 13,2012*
* Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance Net Offer of Shares to the public shall be made 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. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has revived 205 applications for 38,72,000 Equity Shares resulting in 1.09 times subscription (induding reserved portion of market maker.) The details of the applications received in the Issue (before technical rejections) are as follows:

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on March 06,2012.

A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 6,40,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.66 times. The total number of shares allotted in this category is 9,60,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Non Institutional Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.53 times. The total number of shares allotted in this category is 19,40,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 06,2012 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund,Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on March 07,2012. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to March 09,2012. In case the same is not received within 10 days, investors may contact at the address given below. The Equity 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 SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Purva Sharegistry (India) Pvl Ltd. www.purvashare.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

9, Shiv Shatti Industrial Estate, J.R. Boricha Marg, Off N.M. Joshi Marg,
Near Lodha Excelus, Lower Parel (E), Mumbai - 400 011 .India
Tel No.: +91 - 22 - 2301 8261 / 2301 6761; Fax No.: +91 - 22 - 2301 2517
Website: www.purvashare.com; Email: busicomp@vsnl.com
Contact Person: Mr. Rajesh Shah
SEBI Registration No.: INR000001112