Celestial Labs IPO Basis of Allotment

CELESTIAL LABS LIMITED

(Incorporated as Celestial Technologies (P) Limted on 19th November 1997 with the Registrar of Companies, Andhra Pradesh, Hyderabad and subsequently converted into Public Limited Company on 6* December 1999 and name was changed to Celestial Technologies limited. The name of the Company was further changed to
Celestial Labs Limited on 13th February 2004)
Registered Office: 231/A. Road No 12, MLA Colony, Banjara Hills. Hyderabad - 500034
Tel.: 91-40-23540008,23552799. Fax:91-40-23542844
Email: ipo@celestiallabs.com Website: www.celestiallabs.com
Contact Person: Mr. N.V. Ramana Mutiny, Compliance Officer and Sr. Finance Manager

BASIS OF ALLOCATION

PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 60/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. SO/- PER EQUITY SHARE) AGGREGATING TO RS 3000 LACS (REFERRED TO AS 'THE ISSUE'). THE ISSUE COMPRISED A RESERVATION OF 2,00,000 EQUTY SHARES FOR SUBSCRIPTION BY EMPLOYEES AND THE NET OFFER TO THE PUBLIC OF 48,00,000 EQUITY SHARES OF RS.10/-EACH FOR CASH AT A PRICE OF RS.60A PER EQUITY SHARE. THE ISSUE CONSTITUTES 44.67% OF THE FULLY DILUTED POST ISSUE CAPITAL OF CELESTIAL LABS LIMITED. ('COMPANY' OR 'ISSUER').
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 60/- AND IT IS 6 TIMES THE FACE VALUE.
The Board of Directors of Celestial Labs Limited wish to thank the investing public, for their response to the Issue which opened for subscription on 18th June, 2007 and closed on 22nd June, 2007. The Issue has received 16,591 applications for 1,33,84,445 Equity Shares resulting in 2.67 times subscription. The Basis of allotment was finalised in consultation with the Designated Stock Exchange Bombay Stock Exchange Limited ('BSE') on 6th July, 2007. The details of the Applications received in the Issue from NRI/FMs, Non-Retail Investors, Retail Individual Investors and Employee categories (before technical rejections) are as under:

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have applied at the issue Price of Rs 60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.08 times. Hence FULL and FIRM allotments have been made against all valid applications. The total number of shares allotted in this category is 16020 Equity Shares to 12 successful applicants. The unsubscribed portion of 183980 equity shares has been added to NRI / Flls category.

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have applied atthe Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 3.44 times. The total number of shares allotted in this category is 2611905 Equity Shares to 11623 successful applicants. The category-wise details of the Basis of Allocation (Sample) are as under:

C. Allocation to Non Retail Investors (After Technical Relectlons)
The Basis of Allocation to the Non-Retail Investors, who have applied at the Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 3.44 times. The total number of shares allotted In this category is 388095 Equity Shares to 45 successful applicants. The category-wise details of the Basis of Allocation (Sample) are as under:

D. Allocation to NRI/ Fits
The Basis of Allocation to the NRI / Flls, who have applied at the Issue Price of Rs.60 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 1.44 times. The total number of shares allotted in this category is 1983980 Equity Shares to 12 successful applicants. The category-wise details of the Basis of Allocation (Sample) are as under:

The Committee of Directors of the company at it's Meeting held at Hyderabad on 6th July, 2007 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.
The Allotment advise-cum-Refund Orders have 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, 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 the 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, Karvy Computershare Private Limited at www.karvy.com or http://kcpl.karvy.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, and Place where the application was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: Celestial Labs Plot No. 17 to 24, Vitharao Nagar, Hriech City Road, Madhapur
Hyderabad 500081,
Fax: 040-23420814 Email: einward.ris@karvy.com

TOLL FREE HELPLINE NUMBER 1-800-3454001

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 CELESTIAL LABS LIMITED.