First Winner IPO Basis of Allotment

FIRST WINNER INDUSTRIES LIMITED

(Our Company was originally incorporated as Firstwinner Trading Company Private Limited on 22nd January, 2003 under the Companies Act, 1956. The name of our company was changed to First Winner Industries Private Limited with effect from 17th August, 2006. The name of our company was further changed to First Winner Industries Limited with effect from 18th August, 2006.)
Registered Office: 605, Business Classic, Chincholi Bunder Road, Malad (West), Mumbai - 400 064. (For changes in registered office of our Company, please refer to page number 10 of the Prospectus).
Tel. No.: +91 22 2880 2255/99; Fax No.:+91 22 2881 2288;
Website: www.firstwinnerind.com; E-mail: ipo@firstwinnerind.com
Contact Person: Mr. R. C. Sharma, Company Secretary & Compliance Officer

This Issue was made through a 100% Book Building Process wherein not more than 50% of the Net Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'). 5% of the QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only. Further, not less than 15% of the Net Issue to Public was made available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue was made available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further upto 1,00,000 equity shares were made available for allocation on a proportionate basis to the employees, subject to valid Bids being received at or above the Issue Price.
The Issue received 4,389 applications for 62,99,350 equity shares resulting in 1.1453 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investor and Employee categories are as under: (Before technical 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 Bombay Stock Exchange Limited ('BSE') on June 27, 2008.

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs. 125/- per Equity Share was finalized in consultation with BSE. The category was subscribed 1.077500 times. The total number of Equity Shares allotted in this category is 1,00,000 Equity Shares to 11 successful applicants. The category wise details of the Basis of Allocation are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.125/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.105635 times. The total number of equity shares allotted in this category is 18,90,043* to 4191 successful applicants. The category wise details of the Basis of Allocation (sample) are as under:

*As mentioned on the page no 10 of the Prospectus, an over-subscription to the extent of 10% of Net Issue to the Public can be retained for the purpose of rounding off to the nearer multiple of 1, while finalizing the Basis of Allotment. With this regard our company has issued 43 additional shares in the retail category due to rounding off. Therefore the number of Equity Shares allotted through the public issue will be 55,00,043.

C.Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to Non Institutional Investors, who have bid at the Issue Price of Rs. 125/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.540926 times. The total number of equity shares allotted in this category is 8,10,000 to 18 successful applicants. The category wise details of the Basis of Allocation are as under (sample):

D. Allocation to Qualified Institutional Buyers
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were to be initially allotted 5% of the quantum of shares available (1,35,000), however there were no applications from Mutual Funds.

The Board of Directors of the company at its Meeting held at Mumbai on June 30, 2008 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

The CAN/ Refund Orders and allotment advice have been dispatched to the address of the investors as registered with the depositories by July 1,2008. In case the same is not received within ten days, investors may contact 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 successful applicants have been uploaded on July 1, 2008 and have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned by CDSL on July 1, 2008 and by NSDL on July 2,2008. The listing applications have been filed with the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on July 2,2008. Further, the Company is taking steps to get the equity shares admitted for trading on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
The details of the allocation would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk Mills Compound, LBS Marg
Bhandup West, Mumbai - 400 078
Tel: +91 22 2596 0320 Fax: +91 22 2596 0329II
Email:firstwinner@intimespectrum.com