November 24, 2010 - December 2, 2010

Claris IPO Basis of Allotment

Claris Lifesciences Limited

Our Company was originally incorporated as Oracle Laboratories Limited on July 19, 1994 under the Companies Act, 1956, as a public limited company. For more details on the changes in the name and registered office of our Company, please see the chapter on 'History and Certain Corporate Matters' on page 145 of the Prospectus. . Registered and Corporate Office: Claris Corporate Headquarters, Near Parimal Railway Crossing, Ellisbridge, Ahmedabad - 380 006. Tel: +91 79 26563331; Fax: +91 79 26565879; Website: www.clarislifesciences.com; Email: ipo.corp@clarislifesciences.com

Promoters of the Company: Mr. Arjun S. Handa and Sarjan Financial Private Limited
Company Secretary and Compliance Officer: Mr. Pradyotsen Shukla Tel: +91 79 26563331; Fax: +91 79 26408053/26565879; Email: ipo.corp@clarislifesciences.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 12,632,477 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH (THE 'EQUITY SHARES') OF CLARIS LIFESCIENCES LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 228 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 218) TO ALL INVESTORS OTHER THAN ANCHOR INVESTORS AND AT A PRICE OF RS. 293 (INCLUDING A SHARE PREMIUM OF RS. 283) PER EQUITY SHARE TO ANCHOR INVESTORS, AMOUNTING TO RS. 2,460 MILLION IN RELATION TO ALL INVESTORS OTHER THAN ANCHOR INVESTORS AND AMOUNTING TO RS. 540 MILLION IN RELATION TO ANCHOR INVESTORS, AGGREGATING UP TO RS. 3,000 MILLION (THE 'ISSUE'). THE ISSUE WILL CONSTITUTE 19.79% OF THE POST-ISSUE PAID UP SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF OUR EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 22.8 TIMES THE FACE VALUE. ISSUE OPENED ON NOVEMBER 24, 2010 AND CLOSED ON DECEMBER 02, 2010*

The Bid/Issue progamme was scheduled to close on November 26, 2010, however, the Bid/Issue Period was extended by four working days(i.e.closed on Thursday, December 2,2010).

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited ('BSE') and the trading Is expected to commence on December 20, 2010.

The Company has undertaken the Issue in accordance with the first proviso to Rule 19(2)(b)(ii) of the Securities Contracts (Regulations) Rules, 1957 (the 'SCRR'). This being an Issue for less than 25%, but not less than 10%, of the post-Issue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue shall be allocated to Qualified Institutional Buyers fQIBs') on a proportionate basis, out of which 5% shall be available for Allotment on a proportionate basis to Mutual Funds only. Our Company has allotted up to 30% of the QIB Portion to the Anchor Investors on a discretionary basis. The remaining QIB portion shall be available for Allotment on a proportionate basis to QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, not less than 10% of the Issue shall be available for Allotment on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue shall be available for Allotment on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.

The Company has allotted 1,843,003 Equity Shares to Anchor Investors at Rs. 293 per Equity Share in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('SEBIICDR Regulations'). The Issue received 33,068 applications for 16,256,306 equity shares resulting in 1.2869 times subscription. The details of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIB Bidders and the Anchor Investors categories are as under (Before Technical Rejections) (Including ASBA Applications):

	Category	No. of Applications	No. of Equity Shares	No. of times Subscription
A	Retail Individual Bidders	32,984	4,892,514	1.2910
B	Non Institutional Bidders	62	1,759,274	1.3927
C	QIB Bidders	18	7,524,374	1.3117
D	Anchor Investors	4	2,080,144	1.1287
	Total	33,068	16,256,306	1.2869

Final Demand

A summary of the final demand at different Bid prices is as under:

Bid Price	No. of Equity Shares	% to Total	Cumulative Total	Cumulative % to total
228	2,675,706	15.505	2,675,706	15.505
229	1,034	0.006	2,676,740	15.511
230	9,988	0.058	2,686,728	15.569
231	3,388	0.020	2,690,116	15.588
232	530,442	3.074	3,220,558	18.662
233	6,028	0.035	3,226,586	18.697
234	748	0.004	3,227,334	18.701
235	8,512,262	49.325	11,739,596	68.027
CUTOFF	5,517,754	31.973	17,257,250	100.000
TOTAL	17,257,350	100.000

The Basis of Allotment was finalized in consultation with the BSE on December 15, 2010.

A. Allotment to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at Cut-Off Price or above the Issue Price of Rs. 228 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.2123 times. The total number of Equity Shares allotted in Retail Individual Investor category is 3,789,743 Equity Shares to 30,479 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under

Category	No. of Applns.	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares allocated	Ratio	Total No. of Equity Shares allocated
22	9129	28.52	200,838	4.37	22	79:95	167,090
44	5409	16.9	237,996	5.18	36	1:1	194,724
66	2466	7.7	162,756	3.54	54	1:1	133,164
88	2136	6.67	187,968	4.09	73	1:1	155,928
198	521	1.63	103,158	2.25	163	1:1	84,923
220	1372	4.29	301,840	6.57	181	1:1	248,332
286	56	0.17	16,016	0.35	236	1:1	13,216
308	131	0.41	40,348	0.88	254	1:1	33,274
330	1998	6.24	659,340	14.35	272	1:1	543,456
418	1188	3.71	496,584	10.81	345	1:1	409,860
506	29	0.09	14,674	0.32	417	1:1	12,093
528	5	0.02	2,640	0.06	436	1:1	2,180
616	9	0.03	5,544	0.12	508	1:1	4,572
660	57	0.18	37,620	0.82	544	1:1	31,008
682	806	2.52	549,692	11.96	563	1:1	453,778
704	12	0.04	8,448	0.18	581	1:1	6,972
792	15	0.05	11,880	0.26	653	1:1	9,795
814	17	0.05	13,838	0.3	671	1:1	11,407
858	14	0.04	12,012	0.26	708	1:1	9,912
858					1	3:7	6

B. Allotment to Non Institutional Investors (After Technical Rejections) (IncludingASBA Applications)

The Basis of Allotment to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs. 228 per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 1.3912 times The total number of Equity Shares allotted in this category Is 1,263,247 Equity Shares to 61 successful applicants. The category-wise details of the Basis of Allotment are (sample) as under:

Category	No. of Applns.	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares allocated	Ratio	Total No. of Equity Shares allocated
880	3	4.92	2,640	0.15	633		1,899
990	2	3.28	1,980	0.11	712		1,424
1012	2	3.28	2,024	0.12	728		1,456
1364	2	3.28	2,728	0.16	981		1,962
1694	1	1.64	1,694	0.1	1218		1,218
2046	1	1.64	2,046	0.12	1471		1,471
2090	18	29.51	37,620	2.14	1502		27,036
2200	4	6.56	8,800	0.5	1581		6,324
2420	1	1.64	2,420	0.14	1739		1,739
2530	3	4.92	7,590	0.43	1819		5,457
2640	1	1.64	2,640	0.15	1898		1,898
2728	1	1.64	2,728	0.16	1961		1,961
62942	1	1.64	62,942	3.58	45242		45,242
65802	1	1.64	65,802	3.74	47298		47,298
127666	1	1.64	127,666	7.26	91765		91,765
149996	3	4.92	449,988	25.6	107815		323,445
425480	1	1.64	425,480	24.21	305830		305,830
425590	1	1.64	425,590	24.22	305908		305,908

C. Allotment to QIBs (After Technical Rejections) (Including ASBA Applications)

Allotment to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBIICDR Regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (286,824 Equity Shares) and other QIBs were allotted the remaining available shares (5,449,660 Equity Shares) on proportionate basis. The total number of Equity Shares allotted to QIBs is 5,736,484 which were allotted to 17 successful applicants.

Category	Fls/Banks	Flls	MFs	ICs	VCs	Total
No. of Shares	1,340,113	4,101,081	295,290	-	-	5,736,484

D. Allotment to Anchor Investors

Allotment to Anchor Investors has been done in consultation with BRLMs. 1,843,003 Equity Shares were allotted to 4 successful applicants.

Category	Flls	Banks	MFs	ICs/ VCs	Total
No. of Shares	1,843,003	-	-	-	1,843,003

The IPO Committee of the Board of Directors of the Company at its meeting held on December 16,2010 has taken on record the Basis of Allotment of the Issue approved by the Designated Stock Exchange viz., BSE and has alloted the Equity Shares to various successful! applicants.

The Confirmation of Allotment Notice cum-Refund Order and allotment advice and notices have been dispatched to the address of the Bidders as registered with the depositories on December 16,2010. Further, the instructions to SCSBs have been dispatched on December 16,2010. In case the same is not received within ten business days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity shares allotted to successful Bidders are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus.

INVESTORS PLEASE NOTE

The details of Allotment made would be hosted on the website of Registrar to the Issue, Link Intlme India Private Limited at Website: www.linkintime.co.ln

All future correspondence in this regard may kindly be addressed to the Registrar 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:

Link Intlme India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg,
Bhandup (West), Mumbai-400 078
Tel.: +91 22 2596 3838, Fax: +91 22 2596 6979
Email ID: cll.ipo@linkintime.co.in

Place: Ahmedabad Date: December 16, 2010	For Claris Lifesclences Limited Sd/- Pradyotsen Shukla Company Secretary and Compliance Officer

Claris IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Claris IPO .

The Claris IPO basis of allotment (published above) tells you how shares are allocated to you in Claris IPO and category wise demand of IPO share.

Visit the Claris IPO allotment status page to check the number of shares allocated to your application.

In Claris IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Claris IPO basis of allotment document to know how the shares are allocated in Claris IPO.

Claris IPO Basis of Allotment

Claris IPO Basis of Allotment FAQs

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