Ess Dee IPO Basis of Allotment

ESS DEE ALUMINIUM LTD.

(Incorporated as Ess Dee Aluminium Private Limited on 10th February 2004 under the Companies Act, 1956, with its registered office at Plot No. 124-133, Panchal Udyog Nagar, Bhimpore, Daman - 396 210. Subsequently, our Company was converted into a public limited company and the name was changed to Ess Dee Aluminium Limited on 14th June 2006). Registered Office: Plot No. 124-133, Panchal Udyog Nagar, Bhimpore, Daman - 396 210.Tel: +91 -260-2220314/15 Fax: +91 -260-2220316. Corporate Office: 'Vidyasagar', 4th Floor, Western Express Highway, Malad (E), Mumbai - 400 097. Tel: +91-22- 66919955 Fax: +91-22- 66940985 Website: www.duttagroup.in E-mail: ipo@duttagroup.net Contact Person: Mr Darshan Majmudar, Vice President (Finance) & Company Secretary

ISSUE OF 69,60,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 225 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 215 PER SHARE) AGGREGATING RS. 15,660.00 LACS INCLUDING RESERVATION FOR ELIGIBLE EMPLOYEES OF 1,50,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 225 PER EQUITY SHARE AGGREGATING RS 337.50 LACS ('EMPLOYEE RESERVATION PORTION') AND NET ISSUE TO PUBLIC OF 68,10,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 225 PER EQUITY SHARE AGGREGATING RS.15,322.50 LACS ('NET ISSUE'). THE NET ISSUE WILL CONSTITUTE 25.79% OF THE FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF ESS DEE ALUMINIUM LIMITED ('COMPANY' OR 'ISSUER').

This Issue is being made through the 100% Book Building Process wherein at least 50% of the Net Issue shall be mandatorily allocated on a proportionate basis to QIBs as specified in the Disclosure and Investor Protection Guidelines, 2000 of the Securities and Exchange Board of India ('SEBI'). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. If at least 50% of the Net Issue cannot be allocated to QIB Bidders, then the entire money will be refunded. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net 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 Issue received 62,262 applications for 22,01,20,895 equity shares resulting in 31.63 times subscription.

The Basis of Allotment for ell the categories namely Employees, Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was approved by Bombay Stock Exchange Limited (Designated Stock Exchange) on December 19, 2006. The Board of Directors of the Company at its Meeting held at Daman, on December 20, 2006, allotted   the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

Public Issue

180 excess equity shares have been allotted in Non Institutional Investors Category and 5,698 excess equity shares have been allotted in Retail category due to rounding off.

A. Allotment to Employees (After Technical Rejections)

All the bidders in the Employees category, who have bid at cut-off or at the Issue Price of Rs.225/- per Equity Share, have been considered while preparing the basis of allotment. The category was subscribed 0.99 times. The total number of shares allotted in this category is 1,49,475 Equity Shares.

All the applicants in this category have been given firm allotment.
B. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-ott or at the Issue Price oi Rs.225/- per Equity  Share, have been considered while preparing the basis of allotment. The category was over subscribed 6.10 times. The total number of shares allotted in this category is 23,89,381 Equity Shares. The category-wise details of the Basis of allotment are as under:

C. Allotment to Non Institutional Investors (After Technical Rejections)

All the bidders in the Non Institutional Category, who have bid at the Issue Price of Rs. 225/- per Equity Share, have been considered while preparing the basis of allotment. The category was subscribed 31.74 times. The total number of shares allotted in this category is 10,21,759 Equity Shares.

The total number of Equity Shares allotted in this category are 34,05,263 Equity Shares (50% of total Equity Shares allotted). The category was subscribed 50.70 times. All the applicants in this category have been given Firm Allotment on a PROPORTIONATE BASIS. Out of the Equity Shares allotted in the QIB Category 1,70,263 Equity Shares have been allotted proportionately to mutual funds. Mutual funds applicants have also been considered eligible for proportionate allotment for the balance Equity shares in QIBs category i.e 32,35,000.

Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts.

The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allotment.

INVESTORS PLEASE NOTE
This details of the allotment made would be hosted on the website of Registrars to the Issue, Bigshare Services Private Limited at www.bigshareonline.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:

Bigshare Services Private Limited
E-2/3, Ansa Industrial Estate, Saki Vihar Road,
Saki Naka, Andheri (East), Mumbal - 400 072.
Tel: +91-22-28473747/ 3474/ 0652/ 0653  Fax: +91-22-28475207
Website: www.bigshareonline.com E-mail: ipo@bigshareonline.com

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 ESS DEE ALUMINIUM LIMITED.