Intrasoft IPO Basis of Allotment

INTRASOFT TECHNOLOGIES LIMITED

Our Company was incorporated on February 27,1996 in Kolkata as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Our Company was deemed to be a public limited company under Section 43A (1B) of the Companies Act, 1956 with effect from July 6, 2000 and consequent to the amendment of Section 43A of the Companies Act, our Company ceased to be a public limited company with effect from March 13,2002. With effect from April 1,2006, our Company became a public limited company and the name of our Company was changed to Intrasoft Technologies Limited with effect from October 16,2007. For details of changes in the name and registered office of our Company, see 'History and Corporate Structure' on page 82 of the Prospectus.

Registered Office: A-502, Prathamesh, Raghuvanshi Mills Limited Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
Company Secretary and Compliance Officer: Rajendra Kumar Chotia; Tel: +91 22 2491 2123; Fax: +91 22 2490 3123
Corporate Office: 5th Floor, Rash Behari Avenue, Kolkata - 700 029. Tel.: +91 33 24643306; Fax.: 91 33 24646584
Email: ipo@itlindia.com; Website: www.itlindia.com

Promoters of the Company: Arvind Kajaria and Sharad Kajaria

BASIS OF ALLOTMENT

The Issue is being made through the Book Building Process wherein at least 50% of the Issue shall be available for allocation on a proportionate basis to QIBs, out of which 5% shall be available for allocation on a proportional basis to Mutual Funds only and the remainder shall be made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue shall be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be made available for allocation on a proportionate basis to Retail Individual Bidders, subjectto valid Bids being received at or above the Issue Price.
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE').
The Issue received 38,933 applications for 6,71,73,360 equity shares resulting in 18.15 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors are as under: (Before technical rejections)

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

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on April 06,2010

A. Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at Cut Off or at the Issue Price of Rs. 145/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 12.92 times. The total number of shares allotted in this category is 12,95,000 Equity Shares to 25,917 successful applicants. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 145/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 17.47 times. The total number of shares allotted in this category is 5,55,000 Equity Shares to 47 successful applicants. The category-wise details of the Basis of Allocation are (Sample) under:

C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI (ICDR) Regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (92,500 Equity Shares to 12 successful applicants), and other QIBs (including Mutual Funds) were allotted the remaining available shares (17,57,500 Equity Shares to 43 successful applicants) on proportionate basis.

The Board of Directors of the Company at its Meeting held at Kolkata on April 7,2010 has allotted shares to various successful applicants, based on the basis of allocation as finalized in consultation with BSE.

The CAN cum Refund Orders, allotment advice and Direct Credit / RTGS /ECS Intimations have been dispatched on April 08,2010, to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositones. The shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has taken steps to get the equity shares admitted for trading on 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.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated March 30,2010 ('Prospectus')

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in
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:

LINK INTIME INDIA PRIVATE LIMITED, Unit: Intrasoft Technologies Limited, C13, Pannalal Silk Mills Compounds, LBS. Marg, Bhandup (West), Mumbai 400 078, Maharashtra, India. Tel: +91 22 2596 0320 Fax: +91 22 2596 0329 Email: intrasoft.ipo@linkintime.co.in Website: www.linkintime.co.in