Central Bank of India IPO Basis of Allotment

Central Bank of India
(A Govt, of India Undertaking)

(Central Bank of India was originally incorporated on December 21,1911 under provisions of the Indian Companies Act, 1882 as The Central Bank of India Limited' with its head office at Mumbai (then known as Bombay).For details of change in name and head office, see the section titled 'History and Certain Corporate Matters' on page 121 of the Prospectus). (Constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 on July 19,1969)
Head Office: Chandermukhi, Nariman Point, Mumbai 400 021;
Tel: (9122) 6638 7828; Fax: (9122) 2283 5198.
Contact Person: S.R. Shukla;
Email: investors@centralbank.co.in; Website: www.centralbankofindia.co.in

ISSUE PRICE: Rs. 102 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH.

Pursuant to of Rule 19(2)(b) of the Securities Contract Regulation Rules, 1957, ('SCRR') this Issue consists of an issue for less than 25% of the post-Issue capital and was made through the 100% Book Building Process wherein at least 60% of the Net Issue was to be Allotted on a proportionate Basis to Qualified Institutional Buyers ('QIBs'). 5% of the QIB Portion was to be made available for allocation to Mutual Funds only and the remaining QIB Portion was to be made available for allocation to all the QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 10% of the Net Issue was to be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Net Issue was to be made available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, 4,000,000 Equity Shares were to be made available for allocation on a proportionate basis to the Eligible Employees, subject to valid Bids being received at or above the Issue Price.
The Issue received 774155 applications for 4919522340 equity shares resulting in 61.4940 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors and Employee categories are as under (Before technical rejections):

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange - the National Stock Exchange of India Limited ('NSE') on August 9,2007.

A Allocation to Retail Investors
The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price of Rs.102/- per Equity Share, was finalized in consultation with NSE. The category was over subscribed 15.1972 times. The total number of shares allotted in this category is 22800036 Equity Shares. The cateqory-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non institutional, who have bid at and above the Issue Price of Rs. 102/- per Equity Share, was finalized in consultation with NSE, The category was subscribed 0.8143 times. The total number of shares allotted in this category is 671825 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

C Allocation to QIBs
Allocation to QIBs have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (2280000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (43320000) on proportionate basis. The sectoral cap and other limits applicable to the holding of shares in Bank have been taken into account while allotting shares. Mutual Funds were allotted 5% for QIB seament and other Ql B applicants were allotted 95% of the shares for QIB segment.

D. Allocation to Employees
The Basis of Allocation to the Employees category, who have bid at cut-off or at and above the Issue Price of Rs. 102/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 2.249790 times. The total number of shares allotted in this category is 4000000 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

The IPO Committee of the Bank at its Meeting held at Mumbai on August 10,2007 has approved the basis of allocation of shares of the Issue and has allotted the shares to various 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, 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 Bank is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange 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
Unit: Central Bank of India,
C-13, Pannalal Silk Mills Compound,
L.B.S.Marg,Bhandup(West),
Mumbai-400 078
Tel. No.: (9122)25960320,
Fax. No.: (9122)25960328/29

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 CENTRAL BANK OF INDIA.