Constructions IPO Basis of Allotment

C & C CONSTRUCTIONS LIMITED

Incorporated on July 16,1996 under the Companies Act, 1956 as a private limited company. Our Company became a public limited company with effect from August 28,2006 and our name was changed to 'C&C Constructions Limited'. For details in changes of our registered office, see the section titled 'History and Certain Corporate Matters' beginning on page 89 of the Prospectus.
Registered Office: Flat No; G-11, Hemkunt Chamber, Nehru Place, New Delhi 110 019, India.
Corporate Office: Jay Plaza-Clearview Building, C-1/B, Old DLF Colony, Gurgaon 122 001, India.
Tel: +91 124 4080661. Fax: +91 124 4080663.
Contact Person and Compliance Officer: Mr. Santosh Kumar Pradhan, Company Secretary.
Tel: +91124 4080661. Fax: +91 124 4080663.
E-mail: ipo@candcinfrastructure.com. Website: www.candcinfrastructure.com .

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 4,269,451 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES'*) FOR CASH AT A PRICE OF RS. 291 PER EQUITY SHARE AGGREGATING RS. 1242.41 MILLION ('THE 'ISSUE') BY C&C CONSTRUCTIONS LIMITED ('C&C', 'THE COMPANY' OR 'THE ISSUER'). THE ISSUE SHALL CONSTITUTE 23.38% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF C&C CONSTRUCTIONS LIMITED.

THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 29.1 PER EQUITY SHARE WHICH IS 29.1 TIMES THE FACE VALUE OF THE EQUITY SHARES.

In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the post-Issue capital, the Issue was made through the 100% Book Building Process wherein at least 60% of the Issue shall be allotted on a proportionate basis to QIB Bidders, out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above issue price, if at least 60% of the Issue cannot be allotted to QIB Bidders, then the entire application money will be refunded forthwith. Further, up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-institutional Bidders and up to 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.

The Board of Directors of C&C Constructions Limited wish to thank the investing public for their response to the Issue which opened for subscription on February 05, 2007 and closed on February 09,2007. The Issue received 47,227 applications for 84,241,200 Equity Shares resulting in 19.73 times subscription. The details of the valid applications received in the Issue from Qualified Institutional Buyers ('QIBs'), Non-Institutional Bidders and Retail Individual Bidders categories are as under:

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

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ('NSE') on Wednesday, February 21, 2007.

A) Allocation to Retail Investors
The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs. 291 per Equity Share, was finalized in consultation with NSE. The Company received 45,983 valid applications for 5,820,080 Equity Shares in this category resulting in 4.54 times subscription. The total number of Equity Shares allotted in this category is 1,282,030. The category wide details of the Basis of Allotment are oiven below:

B) Allocation to Non Institutional Bidders
The Basis of Allotment to the Non Institutional Bidders, who bid at the cut-off price or at the Issue Price of Rs. 291 per Equity Share, was finalized in consultation with NSE. The Company received 150 valid , applications for 1,606,020 Equity Shares in this category resulting in 3.76 times subscription. The number of shares allotted to Non-Institutional Bidders is 426,946. The category wide details of the Basis of Allotment are given below:

C) Allocation to QlBs
Allocation to QIBs was done on a proportionate basis. As per the SEBI guidelines, Mutual Funds were initially allotted 5% (128,083 Equity Shares) of the quantum of shares available (2,561,671 Equity Shares) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining 2,433,588 Equity Shares on a proportionate basis.

The Board of Directors of the Company at a meeting held at New Delhi on February 21,2007 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of 4,270,647 Equity Shares (including an over allotment of 1,196 Equity Shares constituting 0.03% of the Issue, for the purpose of rounding off to the nearest integer) to successful applicants.

The Refund Orders / allotment advice in respect of refunds due to applicants has been dispatched to the addresses of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue 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 the 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 National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date approval of Basis of Allotment.

INVESTORS PLEASE NOTE
These details of the allocation will also be available on the website of the Registrar to the Issue, Bigshare Services Private Limited, at http:// www.bigshareonline.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting the full name of the First/Sole applicants, 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 :

BIGSHARE SERVICES PRIVATE LIMITED
E-2/3, Ansa Industrial Estate, Saki Vihar Road,
Saki Naka, Andheri (East), Mumbai - 400 072.
Tel: +91 22 2847 3747/3474/0652/0653. Fax: +91 22 2847 5207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. N. V. K. Mohan

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE PROSPECTUS OF C & C CONSTRUCTIONS LIMITED.