Info Edge IPO Basis of Allotment

INFO EDGE (INDIA) LIMITED

(The Company was incorporated on May 1, 1995 as a private limited company under the Companies Act, 1956)
Registered Office: A-6, Swasthya Vihar, New Delhi 110092, India; Corporate Office: A-88, Sector 2, NOIDA 201 301, Uttar Pradesh, India. Phone: (91120) 3082000; Fax: (91120) 308 2095; Email: investors@naukri.com;
Contact Person: Mr. Amit Gupta; Tel: (91120) 308 2000; Website: www.naukri.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPTO 5,323,851 EQUITY SHARES OF RS. 10 EACH FOR CASH ATA PRICE OF RS. 320 PER EQUITY SHARE AGGREGATING RS. 1,703.6 MILLION (THE 'ISSUE') BY INFO EDGE (INDIA) LIMITED ('INFO EDGE' OR THE 'COMPANY' OR THE 'ISSUER'). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 4,791,480 EQUITY SHARES OF RS. 10 EACH (THE 'NET ISSUE') AND A RESERVATION FOR EMPLOYEES OF 532,385 EQUITY SHARES OF RS. 10 EACH, AT THE ISSUE PRICE.
THE ISSUE WILL CONSTITUTE UPTO 19.50% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 320 PER EQUITY SHARE WHICH IS 32 TIMES THE FACE VALUE OF THE EQUITY SHARES.

The Issue was made through the 100% Book Building Process wherein 60% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers (including 5% of the QIB portion that would be specifically reserved for Mutual Funds). Further, upto 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and upto 30% 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. Up to 532,385 shares shall be allotted on a proportionate basis to Eligible Employees.

The Board of Directors of Info Edge (India) Limited wish to thank the investing public for their response to the Issue which opened for subscription on October 30, 2006 and closed on November 2, 2006. The Issue received 102090 applications for 291669940 Equity Shares resulting in 54.786 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers ('QIBs'), Non-Institutional Bidders, Retail Individual Bidders and Employee categories areas under:

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

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange- Bombay Stock Exchange Limited ('BSE') on Tuesday, November 14, 2006.

A) Allocation to Employees
The Basis of Allotment to the Employees category, who bid at the cut-off price or at the Issue Price of Rs. 320/- per Equity Share, was finalized in consultation with BSE. The Company received 156 valid applications for 134580 Equity Shares as against a reservation of 532385 Equity Shares resulting in subscription of 0.25279 times. The unsubscribed portion of 397805 Shares have been added to the Institutional, Retail and Non-Institutional Investors Category consisting of 238683, 119342 and 39780 Shares Respectively. The category wide details of the Basis of Allotment are given below (Sample):

B) Allocation to Retail investors

The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs. 320 per Equity Share, was finalized in consultation with BSE. The Company received 99793 valid applications for 17290200 Equity Shares in this category resulting in 11.10637 times subscription. The total number of Equity Shares allotted in this category is 1556792 (Including 119342 Shares spill overfrom Employee Category). The category wide details of the Basis of Allotment are given below:

C) Allocation to Non Institutional Bidders The Basis of Allotment to the Non Institutional Bidders, who bid at the cut-off price or at the Issue Price of Rs. 320 per Equity Share, was finalized in consultation with BSE. The Company received 315 valid applications for 31893740 Equity Shares in this category resulting in 61.46106 times subscription. The number of shares allotted to Non-Institutional Bidders Is 518916 (Including 39780 Shares spill overfrom Employee Category). The category wide details of the Basis of Allotment are given below (Sample):

D) Allocation to QIBs

Allocation to QIBs was was done on a proportionate basis. As per the SEBI guidelines, Mutual Funds were initially allotted 5% (155678 Equity Shares including Spill Over of 11934 Shares from Employee Category) of the quantum of shares available (3113563 Equity Shares including Spill Over of 238683 Shares from Employee Category) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining 2957885 Equity Shares (including Spill Over of 226749 Shares from Employee Category) on a proportionate basis.

The IPO Committee of the Board at a meeting held at Noida on November 14, 2006 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of Equity Shares to successful applicants.

The Refund Orders/ allotment advice in respect of refunds due to applicants has been dispatched to the addresses of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue 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 the 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 National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date approval of Basis of Allotment.

INVESTORS PLEASE NOTE
These details of the allocation will also be available on the website of the Registrar to the Issue, Intime Spectrum Registry Limited, at http:// www.intimespectrum.com /. All future correspondence in this regard may kindly be addressed to the Registrarto the Issue quoting the full name of the First/Sole applicants, Serial number of the bid-cumapplication 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 400078. Phone: (91-22) 25960320;
Fax: (91-22) 2596 0329. Email: infoedge@intimespectrum.com, Website: www.intimespectrum.com