Evinix IPO Basis of Allotment

EVINIX ACCESSORIES LIMITED

(Originally incorporated as Evinix Fashion Accessories Private Limited on May 1,1996 under the Companies Act, 1956, subsequently changed its name to Evinix Accessories Private Limited on March 20,2003 and converted to
Public Limited Company on February 3,2006.)
Registered & Corporate Office: KH 43, Sector 45, Mewla Maharajpur, Faridabad (Haryana/121003
Phone No: +91 129 2439654/55  Fax No:+91 129 2437582
E-mail: investors@evinix.in
Contact Person: Mr. Dinesh Garg, Company Secretary & Compliance Officer Website: vww.evinix.in

(On incorporation the Registered Office of the Company was located at 122-129 Suraj Kund Road, New Delhi and was shifted to 37. DSIDC Scheme-I, Okhla industrial Area, Phase B, New Dethi-110020 w.ef. May 1,1998. The'Registered Office was further shifted to the present address w.e.f September 28,2004.)

BASIS OF ALLOCATION

PUBLIC ISSUE OF 35,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 120/- PER EQUITY SHARE AGGREGATING TO RS. 4,200 LAKHS (THE ISSUE'). THE ISSUE WOULD CONSTITUTE 32.71% OF THE FULLY DILUTED POST ISSUE PAID UP EQUfTY CAPITAL OF THE COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH FOR CASH AT PRICE OF RS. 120/- EACH AND THE ISSUE PRICE IS 12TIMES OF THE FACE VALUE.

The issue is being the 100% Book Building  Process wherein upto50% of the issue shall be allocated on proportionate basis to qualified Institutional Buyers (5% of the portion shall be available for allocation on proportinate basis for Mutual Fund only). if at least 50% of the issue can'tbe allocated to QIB bidders, then the entire application money will be refunded. Further, not less than 15% of the Net issue will be available for allocation on a proportinate basis to Non-Institutional Bidders and not less than 35% of the Net issue will 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 opened for subscription on Monday,February 12,2007 and closed on Thursday,February 15,2007.The issue has received 7543 applications for 11918650 Equity Shares resulting in 3.40 times subscription. The details of the applications received in the issue from Qualified Instituional Buyers, Non-Instituional and Retail investor categories are  as under (Before technical and multiple rejections):

Final Demand
A sample of the final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ('BSE') on February 27,2007.

A. Allocation to Retail Investors
The category was over subscribed 2.27 times. The total number of shares allocated in this category is 1225000 Equity Shares. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional investors
The category was subscribed 11.98 times. The total number of shares allocated m this category is 525000 Equity Shares. The details of the Basis of Allocation of some of the categories are as under: (Sample)

C. Allocation to QIBs
As per SEBI guidelines, Mutual Funds were to be allocated 5% of the quantum of shares available (I.e. 87500 Equity Shares) and other QIBs and unsatisfied demands of Mutual Funds were allocated the remaining available Equity Shares (i.e. 1662500 Equity Shares) on proportionate basis. Total number of shares allocated in this category is 1750000 Equity Shares.

The Board of Directors of the Company at its Meeting held at Registered Office of the Company at Mewla Maharajpur, Faridabad, Haryana on February 28, 2007 has approved the Basis of Allocation of shares and allocated the shares to various successful applicants. The physical refund warrant, Information regarding refunds through electronic modes (ECS, RTGS, NEFT or Direct Credit) and allotment advise have been despatched to the address of the investor as registered with the depository on March 1,2007. In case the same Is not received within ten (10)days, investors may contact Registrarto the Issue at the address given below.

The Equity Shares allocated to successful applicants have being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on March 1,2007.

The listing application has been filed with tile Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) on March 1,2007 and Company Is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limlted(BSE) and National Stock Exchange of India Limited (NSE) within seven working days of finalisafion of the Basis of Allocation.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrar to the issue, Beetal Financial & Computer Services (P) Limited at www.beetalfinancial.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-Appllcatlon form, Number of shares bid for, Name of the Member of the Syndicate. Place where the bid was submitted and payment details at the address given below:

Beetal Financial & Computer Services (P) Limited
Beetal House, 3rd Floor, 99 Madangir, Behind Local Shopping Centre, New Delhi-110 062
Phone:+91-11-29961281 (6 lines) Fax:+91-11-29961284
E-mail: beetal@beetalfinancial.com Website: www.beetalfinancial.com
Contact Person: Mr. Punit Mlttal

This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other Jurisdiction, Including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.

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 EVINIX ACCESSORIES LIMITED.