Jaypee Infratech IPO Basis of Allotment

JAYPEE INFRATECH LIMITED

Our Company was incorporated under the Companies Act, 1956, as amended, on April 5, 2007 and received the certificate for commencement of business on April 27, 2007 from the Registrar of Companies, Uttar Pradesh and Uttarakhand, situated at Kanpur, Uttar Pradesh, India.

Registered and Corporate Office: Sector 128, District Gautam Budh Nagar, Noida 201 304, Uttar Pradesh, India
Telephone: +91 120 4609 000; Fascimile: +91 120 4609 783. • E-mail: ipo.jil@jalindia.co.in; Website: www.jaypeeinfratech.com

BASIS OF ALLOTMENT

ISSUE PRICE: RS 102* PER EQUITY SHARE
* a discount of 5% to the Issue Price determined pursuant to completion of the Book Building Process has been offered to Retail Individual Bidders whose Bid amount does not exceed Rs. 100,000/- (the "Retail Discount")

Pursuant to Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 41(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), this being an Issue for less than 25% of the post-Issue share capital, is being made through the 100% Book Building Process wherein at least 60% 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 be specifically allotted to mutual funds), further, not less than 10% of the net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the net 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.

The Issue received 128,212 applications for 268,725,383 Equity Shares resulting in 1.20@ times subscription. The details of the applications received in the Issue, through the various escrow collection banks, from QIBs, Non-Institutional Bidders, Retail Individual Bidders and Eligible Shareholder categories are as under: (Before technical rejections)

@ For the purposes of deciding the allotment, the total numbers of Equity Shares to be issued as per Prospectus and consequently the size of the Retail Individual Bidders, Non Institutional Bidders & Qualified Institutional Bidders category were recomputed to give effect, inter alia, to the under subscription in the Eligible Shareholders Portion and the 5% discount to the Retail Individual Bidders. For the purpose of calculating the subscription details, the sizes of the category as per the Prospectus have been used.

Summary Final Allocation:

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

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the National Stock Exchange of India Limited ("NSE") on May 14, 2010.

A. Eligible Shareholders
The Basis of Allocation to the Eligible Shareholders of Jaypee Infratech Ltd, who have bid at the Issue Price of Rs.102/- per Equity Share, was finalized in consultation with NSE. The total number of Equity Shares allotted in this category is 2,349,600. The un-subscribed portion of Equity Shares in the Shareholders Reservation Portion has been added to the net offer and made available to Qualified Institutional Bidders, Non Institutional Bidders and Retail Individual Bidders in the ratio of 60:10:30.

B. Allocation to Retail Individual Bidders (Including ASBA Applications) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Bidders, who have bid at the Issue Price of (net of retail discount of 5% per Equity Share) Rs.96.90/- per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.53 times and hence allotment was done on full and firm basis to all valid applicants. Overall 119,581 applications for 31,983,950 Equity Shares were found valid and they were considered for allotment. The above includes 26,324 valid applications for 7,011,750 Equity Shares made under the ASBA process. The total number of Equity Shares allotted in Retail Individual Bidders category is 31,983,950 Equity Shares to 119,581 applicants. The retail discount portion was taken up by the Issuer and the Selling Shareholder in the proportion of the gross amounts raised under the Issue. The un-subscribed Equity Shares in the retail category pertaining to the Issuer were converted at Rs. 102/- per Equity Share and added to Qualified Institutional Bidders and Non Institutional Bidders category in the ratio of 6:1.

C. Allocation to Non Institutional Bidders (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.102/- per Equity Share, was finalized in consultation with NSE. Post adjustment for the under subscription in Eligible Shareholders Category and Retail Individual Bidders Category, this category was subscribed less than 1.00 times and hence allotment was done on full and firm basis to all valid applicants. Overall 400 applications for 21,105,700 Equity Shares were found valid and they were considered for allotment. The total number of Equity Shares allotted in this category is 21,105,700 to 400 applicants. The Un-subscribed portion in this category was added to Qualified Institutional Bidders category.

D. Allocation to Qualified Institutional Bidders
The Basis of Allocation to the Qualified Institutional Bidders, who have bid on or above the Issue price of Rs.102/- per Equity Share was finalized on proportionate basis. Overall 55 applications for 212,081,000 Equity Shares were found valid. After adjustment for Retail Discount and under subscription in other categories, 167,494,247 Equity Shares were available for allocation to this category and were allotted proportionate basis after allotment of 5% of total allotment in this category on proportionate basis to Mutual Funds.

The IPO committee of the Company; at its meeting held at NOIDA (UP) on May 14, 2010 has approved the basis of allocation of Equity Shares of the Issue and has allotted the Equity Shares to various successful applicants. The electronic upload of Equity Shares has been completed on May 15, 2010. The dispatch of CAN-cum-Refund Orders and Refund credit advice to the address of the investors as registered with the depositories and uploading of ECS/NEFT/RTGS/Direct Credits have been completed on May 17, 2010. 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 Account details as registered, if any, with the depositories. The Equity 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 obtained the listing and trading permission from the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited and the Equity Shares allotted are tradable on these stock exchanges w.e.f., May 21, 2010.

All future correspondences 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 Equity 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: JAYPEE INFRATECH LIMITED
Plot no. 17 to 24, Vitharao Nagar, Hitech city road, Madhapur
Hyderabad - 500081, Fax: 040-23420814
Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER: 1-800-3454001