Inventure Securities IPO Basis of Allotment

INVENTURE GROWTH & SECURITIES LIMITED

Our Company was incorporated at Mumbai on June 22, 1995 as 'Inventure Growth & Securities Limited' under the Companies Act, 1956, with registration number 11 -89838 of 1995. The corporate identification number of our Company is U65990MH1995PLC089838.

Registered Office: Viraj Towers, 201, 2nd Floor, Near Landmark, Western Express Highway, Andheri (E), Mumbai - 400 069, Maharashtra, India.
Website: www.inventuregrowth.com; Company Secretary and Compliance Officer: Ms. Bhavi Gandhi; Tel No.: +91 22 3954 8500; Fax No.: +91 22 4075 1535; E-mail:ipo@inventuregrowth.com.

For further details of our Company and changes in our Registered Office, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page 131 of the Prospectus.

IPO GRADING: The Issue has been graded by Fitch Ratings India Private Limited ('Fitch') and ICRA Limited ('ICRA'), credit rating agencies registered with the Securities and Exchange Board of India ('SEBI'). Fitch has assigned a grade of 2 (ind) out of a maximum of 5 (ind) indicating below average fundamentals, through its letter dated September 8, 2010. ICRA has assigned this Issue '2' indicating below average fundamentals through its letter dated July 7, 2011. For details of the grading of the Issue, please refer to the chapter titled 'General Information' beginning on page 42 of the Prospectus.

This is an issue for more than 25% of the post-Issue capital in accordance with Rule 19(2)(b)(i) of the Securities Contracts Regulations Rules, 1957 ('SCRR'). The Issue is being made through the Book Building Process wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ('QIB') Bidders. 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the 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.

The Issue opened for subscription on July 20, 2011 and closed on July 22, 2011. The Issue received 15,316 applications for 31,744,750 equity shares resulting in 4.5350 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor are as under: (Before technical rejections).

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'), being the Designated Stock Exchange, on July 29, 2011.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ('ASBA')) (After Technical Rejections):

The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs 117 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 4.7471 times. The total number of shares allotted in Retail Individual Investor category is 4,410,000 Equity Shares to 14,253 successful applicants. As per the Red Herring Prospectus, the spills over portion from QIB Category (1,960,000 equity snares) were allotted on proportionate basis. There were 4,082 applications br 5,477,150 equity shares made under ASBA process by Retail Individual Investors, of which 3,701 applications for 1,144,980 equity shares were found valid and they were considered for allotment. The category-wise details of the Basis of Allotment are (sample) as under:

The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs 117 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 5.1689 times. The total number of equity shares allotted in this category is 1,890,000 equity shares to 128 successful applicants. As per the Red Herring Prospectus, the spill over portion from QIB Category (840,000 equity shares) were allotted on proportionate basis. The category-wise details of the Basis of Allotment are (sample) as under:

Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds and other QIBs were allocated the available shares (700,000 Equity Shares) on proportionate basis. The under subscribed portion of 2,800,000 equity shares have been spilled over to Non-Institutional and Retail Category.

The Board of Directors of the company at its meeting held on July 30,2011, has taken on record the basis of allocation of shares approved by the Designated Stock Exchange viz., Bombay Stock Exchange Limited ('BSE'), Mumbai, of the Issue and has authorized the Corporate Action for the transfer of the shares to various successful applicants.

The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched 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 instructions to Self Certified Syndicate Banks have been dispatched on July 30,2011. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The shares allocated to successful applicants are credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

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

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-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,
C-13 Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai 400 078
Tel: +91 22 2596 0320, Fax: +91 22 2596 0329 Email ID: igsl.ipo@linkintime.co.in