Hilton Metal IPO Basis of Allotment

HILTON METAL FORGING LIMITED

(The Company was formed by converting the Partnership firm under Part IX of The Companies Act, 1956 on 21st July 2005 and obtained a certificate of incorporation number U28900 MH2005 PLC 154986 from
Registrar of Companies, Maharashtra, Mumbai)
Registered Office & Corporate Office: 60, Whispering Palm Centre, Lokhandwala Township,
Kandivali (East),Mumbai -400 101.
Tel: +91-22-28863359/28846565; Fax: +91-22-26846677;
Website: www.hmfl.co.in; Email: ipo@hmfl.co.in
Factory: Plot No. 1,2, 3,15, 21, 25, 26, 28, 29 & 30, Shah Mehta Ind. Estate, Village Ghonsai, Taluka Wada, Dist. Thane.
Tel: +91-2526- 222444/222555; Fax: +91-2526-222666.
Contact Person & Compliance Officer: Mr. Viswanathan Sridhar,
Company Secretary & Compliance Officer; Email: ipo@hmfl.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 54, 50,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE RS. 70/- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING RS. 3815 LAKHS INCLUDING 5000 EQUITY SHARES OF RS 10/-EACH BEING OFFERED TO CENTRUM CAPITAL LIMITED ON A FIRM BASIS AT A PRICE OF RS 70/- PER EQUITY SHARE INCLUSIVE OF PREMIUM (HEREINAFTER REFERRED TO AS THE ISSUE'). THE NET ISSUE TO THE PUBLIC WOULD CONSTITUTE 43.80% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 70/- PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH THE FACE VALUE OF THE EQUITY SHARE IS RS 10/- AND THE ISSUE PRICE IS 7 TIMES OF THE FACE VALUE.
The Board of Directors of Hilton Metal Forging Limited ('Company') wish to thank all the Investors for their response to the Public Issue. The Basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on 15th May, 2007. The Public Issue opened on Wednesday, April 18,2007 and closed on Tuesday, April 24,2007. The Issue received 8002 vaiid applications for 57,72,200 equity shares resulting in 1.06 times subscription (excluding firm allotment) and 54,50,016 equity shares has been allotted due to rounding off by the IFO Committee of the Board of Directors at their meeting held on 15th May, 2007 as mentioned below. The details of valid applications received in the issue from the Retail and Non-retail investor after rejection and withdrawals are as under:

* Including spillover from QIB

A. Allocation to Retail Investors
The Company received 7950 valid applications for 40,50,480 equity shares in tliis category resulting in an over subscription of 1.07 times. The total number of shares allotted in this category is 37,98,495 equity Shares. We have retained 15 excess shares in Retail category due to rounding off. The category-wise details of the allotment is as under:

B. Allocation to Non Institutional Investors
The category was subscribed after spillover from QIB 1.07 times. We have retained 1 extra share in Non institutional Category due to rounding off. The total number of shares allotted in this category is 1101521 equity Shares. The category-wise details of the allotment is as under

C. Allocation to Qualified Institutional Buyers (Minimum 10%)
The Basis of Allotment to the Qualified Institutional Buyers, who have applied at the Issue Price of RS.70/- per Equity Share was finalized in consultation with BSE. The category was subscribed 1.33 times. The total number of shares allotted In this category is 545000 equity Shares. The category-wise details of the Basis of Allotment is as under:

The IPO committee of the Board of the Company at its Meeting held at Mumbai on 15/05/2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.

The physical refund warrants, intimation regarding refunds through electronic modes {ECS, RTGS, NEFT or Direct Credit) and allotment advice has been dispatched to the same address of the investors as registered with the depositories on 17/05/2007. In case the same is not received within ten days, applicants 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 equity shares allocated to successful applicants are being creditedto their beneficiary accounts subject to validation of the account details with the depositories concerned on 17/05/2007. The listing application has been filed with the Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') on 17/05/2007 and the Company is taking steps to complete all formalities for listing and commencement of trading of equity shares within seven working days from the date of finalization of basis of allotment.

INVESTOR PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Sharex Dynamic (India) Private Limited at http:// www.sharexindia.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 Application form, number of shares applied for, name of the Broker and Place where the application was submitted and payment details at the address given below:

Sharex Dynamic (India) Private Limited
Unit 1, Luthra Ind. Premises, Safed Pool, Andheri - Kurla Road,
Andheri (East)., Mumbal-400072
Tel.: +91-022-2851 5606/5644, Fax +91 -022-2851 2885
Website :www.sharexindia.com Emall:hilton@sharexindia.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 HILTON METAL FORGING LIMITED