J. Kumar Infraprojects IPO Basis of Allotment

J. KUMAR INFRAPROJECTS LIMITED

(Our Company was originally as 'J.Kumar & Company (India) Private Limited on December 2,1999 under the Companies Act, 1956. The name of our company was subsequently changed to J.Kumar Infraprojects Private Limited on January 8, 2007. Our Company was converted into a public Limited Company and its name was changed to J.Kumar Infraprojects Limited on January)
Registered Office: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (West), Mumbai 400 058 www.jkumar.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 65,00,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS 110 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 100 PER EQUITY SHARE, AGGREGATING RS. 7,150,00 LACS (THE 'ISSUE') BY J. KUMAR INFRAPROJECTS LIMITED (THE 'COMPANY OR THE ISSUER'). THE ISSUE COMPRISED A NET ISSUE TO THE PUBLIC OF 63,00,000 SHARES OF RS. 110 EACH (THE 'NET ISSUE') AND A RESERVATION OF UP TO 200,000 EQUITY SHARES OF RS. 110 EACH FOR ELIGIBLE EMPLOYEES (THE 'EMPLOYEE RESERVATION PORTION'). THE NET ISSUE WILL CONSTITUTE 30.40% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE ISSUE WOULD CONSTITUTE 31.36% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPsANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 110/- AND IT IS 11 TIMES THE FACE VALUE.

The Issue made through the 100% Book Building Process wherein at least 50% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, up to 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 35% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. Further upto 200000 Equity Shares shall be available for allocation on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price.
The Issue received 12,238 applications for 1,30,96,660 equity shares resulting in 2.01 times subscription. The details of the applications received in the issue from Qualified Institutional Buyers, Non-Institutional, 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 5th February, 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.110/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.017500 times. The total number of shares allotted in this category is 2,00,000 Equity Shares to 53 successful applicants. The category-wise details of the Basis of Allocation (Sample) are as under:

B. Allocation to Retail Individual Investors (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.110/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.354675 times. The spill over portion to the extent of 99870 equity shares has been added to this category. The total number of shares allotted in this category is 2304870 Equity Shares to 10954 successful applicants. The category-wise details of the Basis of Allocation are as under

C. Allocation to Non Institutional Investors (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.110/- per Equity Share, was finalized in consultation with BSE. The category was under- subscribed 0.894317 times. As per the Red Herring Prospectus, the spill over portion to the extent of 99870 equity shares has been added to the Retail Individual Investors category. The total number of shares allotted in this category is 845130 Equity Shares to 38 successful applicants. The category-wise details of the Basis of Allocation (sample) are as under:

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (1,57,500) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (29,92,500) on proportionate basis.

The Board of Directors of the company at its Meeting held at Mumbai on February 06, 2008 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and 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 Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to 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 of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Karvy Computsrshare Private Limited at http://kcpl.karvy.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:

Karvy Computershare Private Limited:
Unit: J. Kumar Infraprojects Plot No. 17 to 24, Vltharao Nagar, Hitech City Road, Madhapur
Hyderabad - 500081, Fax: 040-23420814 Email: einward.ris@Karvy.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ONLISTING OR THE BUSINESS PROSPECTS OF J.KUMAR INFRAPROJECTS LIMITED