Cambridge Technology IPO Basis of Allotment

Cambridge Technology Enterprises Limited

(Cambridge Technology Enterprises Limited ('CTEL' or'the Company') was originally incorporated on 28' January 1999 as Unique Computing Solutions (India) Private Limited at Hyderabad, Andhra Pradesh under the Companies Act 1956 vide Registration No. 01-30997 of 1998-99. The name of the Company was changed to Cell Exchange (India) Private Limited on 21st January 2003 and subsequently to Cambridge Technology Enterprises Pvt Ltd on 12` March 2004 which was reverted back to its old name i.e. Cell Exchange (India) Private Limited on 227' July 2004 and on 16th March 2005 the name was changed to Cambridge Technology Enterprises Private Limited. Thereafter It was converted Into a public limited company after passing the necessary resolution In the Extra Ordinary General Meeting held on 14/03/2006 and the Registrar of Companies, Andhra Pradesh, Hyderabad had issued a fresh certificate of incorporation consequent on such conversion on 31/03/2006 and the present name of the Company Is Cambridge Technology Enterprises Limited)

Registered Office & Corporate Office: Plot No.1244, Road No.36, Jubllee Hills, Hyderabad 500033, (At the time of Incorporation the Registered Office of the Company was situated at Flat No.607, Annapurna Block, Aditya Enclave, Ameerpet, Hyderabad. On 2nd November 2000, the Registered Office was shitted from the said address to Flat No. 188 & 189, RR Towers, Kavuri Hills, Madhapur, Hyderabad. On 4th March 2002, the Registered Office of the Company was shifted to 4th Floor. Sufi Chambers, Road No.1, Banjara Hills, Hyderabad 500034. With effect from list September 2006, the Registered Office of the Company Is shifted to the present address).
Tel.: +91-40- 66888020; 40234400; Fax: +91-40- 40234600 Website: www.ctepl.com,
Contact Parson: Mr T N Kannan, Company Secretary & Compliance Officer; Email: ipo@ctepl.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 63,15,800 EQUITY SHARES OF RS 101- EACH FOR CASH AT A ISSUE PRICE OF Rs 381- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING TO Re. 2400.00 LAKHS INCLUDING PROMOTERS CONTRIBUTION OF 22,57,000 EQUITY SHARES OF Re 101-EACH FOR CASH ATAPRICE OF RS 38 PER EQUITY SHAREAND 5,000 EQUITY SHARES OF RS 101-EACH BEING OFFERED TO CENTRUM CAPITAL LIMITED ON A FIRM BASIS AT A PRICE OF Rs 38 PER EQUITY SHARE INCLUSIVE OF PREMIUM. THUS NET OFFER TO THE PUBLIC IS 40,53,800 EQUITY SHARES OF RS. 10/- FOR CASH AT A PRICE OF Rs. 38 PER EQUITY SHARE INCLUSIVE OF PREMIUM.

THE ISSUE PRICE OF RS 381-PER SHARE IS 3.8 TIMES THE FACE VALUE

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - The Bombay Stock Exchange Ltd ('BSE') on Thursday, February 1, 2007.
The Board of Directors of Cambridge Technology Enterprises Limited wish to thank the investing public for their response to the Company's maiden Public Issue which opened for subscription on Friday, 29' December, 2006 and closed on Tuesday, 09 January, 2007. The Basis of Allotment was finalised in consultation with Bombay Stock Exchange Limited on t' February, 2007. The Issue received 25,387 valid applications for 2,54,41,300 equity shares resulting in 6.28 times subscription (excluding Promoters Contribution and Firm Allotment) and 63,15,945 equity shares has been allotted due to rounding off by the Board, at its Meeting held on 1' February, 2007 as mentioned below. The details of valid applications received in the issue from the Retail and Non-retail investor categories after rejection and withdrawals are as under.

A.Allocation to Retail Investors
he Basis of Allotment to the Retail investors was finalized in consultation with BSE. The Company received 25,306 valid applications for  1,91,86,800 Equity Shares in this category resulting in an over subscription of 7.28 times. The total number of shares allocated in this category is 26,35,233 Equity shares. We have retained 139 excess shares in retail Category due to rounding off. The category-wise detail of the allotment is as under:

B Allocation to Non Retail Investor
The Basis of Allotment Retail investors Thecafegorywassubscribed(net technical/multipleltiple rejections) 7.14 times. The total number of shares allotted in this category is 7,87,112 Equity Shares to 81 valid applicants.The category-wise details ofthe allotment is as under:

C. Allocation to Qualified Institutional Buyers (Minimum 10%)'
The Basis of Allotment to the Qualified Institutional Buyers, who have applied at the Issue Price of Rs 38/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 3.76 times. The total number of shares allocated in this category is 631600 Equity Shares. The category-wise details of the Basis ofallotment is as under:

*Balance added to Non-Retail Category

The Board of Directors of the Company at its meeting held at Plot No 1244, Road No 36, Jubilee Hills, Hyderabad 500 033 on February 1, 2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.
The physical refund warrants, intimation regarding refunds through electronic modes (ECS, RTGS. NEFT or Direct Credit) and allotment advice have been dispatched to the same address of the investors as registered with the depositories on February 5, 2007. incase 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 equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on February 5, 2007. The listing application has been filed with The Bombay Stock Exchange Limited and The National Stock Exchange of India Limited on February 5, 2007 and the Company is taking steps to complete all formalities for listing and commencement of trading of Equity Shares on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited within seven working days from the date of allotment.

INVESTOR PLEASE NOTE
This details of the allocation made are being hosted on the website of Registrars to the Issue, Bigshare Services Private Limited at www.bigshareontine.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 Form, Number of shares applied for, Name of the Broker and Place where the application was submitted and payment details atthe address given below:

Bigshare Services Pvt. Ltd.
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E),
Mumbai 400 072. Tel: +91-22-2847 3747, Fax:+91-22-2847 5207
E-mail: bighshare@bom7.vsnl.net.in Website:www.bigshareonline.com

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 CAMBRIDGE TECHNOLOGY ENTERPRISES LIMITED.