D B Corp IPO Basis of Allotment

DB Corp LTD
(Our Company was originally incorporated as 'Multi-Tech Energy Limited' under the provisions of the Companies Act; 1956. A certificate of incorporation was issued on October 27,1995 by the Registrar of Companies ('ROC')Gwalior, Madhya Pradesh. The certificate of commencement of business was issued on June 26, 1998. Subsequently, the name of our Company was changed to 'D.B.Corp Limited' pursuant to shareholders resolution dated November 28, 2005. A fresh certificate of incorporation consequent to the change of name was issued on December 1, 2005 by the ROC. On December 22, 2006, the Hon'ble High Court of Gujarat approved the scheme of arrangement following which the publication business
and the windfarm business of Writers and Publishers Limited was transferred to our Company.)
Registered Office: Plot No.280, Sarkhej Gandhinagar Highway, Near YMCA Club, Makarba, Ahmedabad - 380 051.
Corporate Offfice: 6, Dwarka Sadan, Press Complex, M.P.Nagar, Bhopal - 4602 011. Tel: +91 79 3988 8850,
Fax: +91 79 3981 4001 Email: dbipo@imcl.co.in , Website: www.bhaskarnet.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,175,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') BY D. B. CORP LIMITED ('COMPANY' OR 'ISSUER') FOR CASH, COMPRISING (I) 12722500 EQUITY SHARES AT A PRICE OF RS. 212 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 202 PER EQUITY SHARE), AND (II) RETAIL PORTION OF 5452500 EQUITY SHARES AT A PRICE OF RS. 210 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 200 PER EQUITY SHARE), COLLECTIVELY, AGGREGATING UP TO RS 3842.20 MILLION (THE 'ISSUE') CONSISTING OF FRESH ISSUE OF 12,725,000 EQUITY SHARES BY THE COMPANY ('FRESH ISSUE') AND AN OFFER FOR SALE OF 5,450,000 EQUITY SHARES ('OFFER FOR SALE') BY CLIFFROSE INVESTMENT LTD (THE 'SELLING SHAREHOLDER'). THE ISSUE SHALL CONSTITUTE UP TO 10.01% APPROXIMATELY OF THE FULLY DILUTED POST-ISSUE CAPITAL OF OUR COMPANY.
ISSUE PRICE: RS. 212 PER EQUITY SHARE
THE FACE VALUE OF THE EQUITY SHARE: RS. 10 AND THE ISSUE PRICE IS 21.2 TIMES THE
FACE VALUE
THE MINIMUM BID LOT IS 30 EQUITY SHARES.
A discount of Rs.2 to the Issue Price determined pursuant to completion of the Book Building
Process has been offered to the Retail Individual Bidder.

The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue was tobe allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIBportion that was to be specifically allotted to mutual funds), 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 Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 73,361 applications for 590,698,553 equity shares resulting in 32.50 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors categories and Anchors are as under: (Before technical rejections and as per escrow banks' certificate)

Final Demand
A summary of the final demand as per the Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') as on the Bid/ Issue Closing Date at different bids is as detailed hereunder:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the BSE on December 24, 2009.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ('ASBA')) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price (net of retail discount of Rs.2/- per share) of Rs.210/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 3.30 times. The total number of Equity Shares allotted in Retail Individual Bidders category is 5,452,500 Equity Shares to 71,767 valid applicants. There were 10,836 applications for 1,993,200 Equity Shares made under the ASBA process of which 8,230 applications for 600,568 Equity Shares were found valid for allotment. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs.212/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 24.43 times. Under this category 1,817,500 Equity Shares were allotted to 252 valid applicants. The category-wise sample details of the Basis of Allocation are as under:

C. Allocation to QIBs (excluding Anchor Investor Portion)
After allocation of 3,271,500 equity shares to Anchor Investors, 7,633,500 equity shares were available for allocation of qualified institutional investors. In accordance with the Securities and Exchange Board' of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, 5% of the QIB Portion (excluding Anchor Investor Portion) i.e. 381,675 Equity Shares were available for allotment to Mutual Funds. The balance QIB portion, being 7251825 Equity Shares, was allocated on a proportionate basis to all other QIBs.

D. Anchor Investors
The Company allocated 3,271,500 Equity Shares to 9 Anchor Investors in consultation with the Book Running Lead Managers. This represents less than 30% of the QIB Portion.
The IPO Committee of the Board of Directors of the Company at its Meeting held on 24^th December, 2009 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on or prior to 29' December, 2009. In case the same is not received within 10 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. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to 29th December, 2009. 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. The Company is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within seven working days from the date of approval of the basis of allocation, i.e., on or before 6' January 2010.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com

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 Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: D B Corp Limited
Plot No 17 to 24 vitharao nagar,
Hitech City Road, Madhapur
Hyderabad - 500081, Fax: 040-23420814
Email: einward.ris@Karvy.com

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