JHS IPO Basis of Allotment

(incorporated as JHS Svendgaard Laboratories Limited on October 8,2004 with the Registrar of Companies Punjab
Himachal Pradesh & Chandigarh having Registered Office at Trilokpur Road, Kala Amb, Nahan, Dist. Sirmour (HP))

Regietsred Office: Trilokpur Road, Kala Amb, Nahan Dist Simrour (HP),
Tel. No.: +91 1734 325128; Fax No.: +91 1734 325130 • Website: www.svendgaard.com
Contact Person: Mr. Arvind Kumar Tiwari

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 67,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF JHS SVENDGAARD LABORATORIES LIMITED (HEREINAFTER REFERRED TO AS THE 'COMPANY' OR 'ISSUER') FOR CASH AT A PREMIUM OF RS. 48/- PER EQUITY SHARE AGGREGATING RS. 386.60 MILLION INCLUDING PROMOTER'S CONTRIBUTION OF 500,000 EQUITY SHARES OF RS. 10% EACH AND A NET ISSUE TO THE PUBLIC OF 62,00,000 EQUITY SHARES OF RS. 10/- EACH (HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE CONSTITUTES 49.60% OF THE FULLY DILUTED POST ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY

The Issue was made through 100% Book Building Process wherein atleast 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers, out of which 5% was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB portion was available for allocation on proportionate basis to all Qualified institutional Buyers, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, minimum of 15% of the Net Issue was available for allocation on a proportionate basis to Non-institutional Bidders and minimum of 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price.

The Issue received 11,940 bids / applications for 1,62,09,600 equity shares resulting in 2.61 times subscription. The details of the valid bids/applications received in the Issue from Retail, Non- Institutional Investor and Qualified Institutional Investor are as under:

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

The Basis of Allotment was finalized in consultation with The Bombay Stock Exchange Limited on Friday, Octotar 13, 2006

A) Allocation to Retail Investors:

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue price of Rs.58/- Equity Share, was finalized in consultation with BSE. The category was subscribed 2.76821 times. The total number of equity shares allotted in this category is 23,34,132 Equity Shares, which includes Original Offer of 21,70,000 Equity Shares, Spill-over from HNI Category of 1,63,800 Equity Shares and Rounding-off Adjustment of 332 Equity Shares. The Category-wise details of the Basis of Allocation are as under:

B. Allocation to Non-Institutional Investors:
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-of or at the Issue Price of Rs.58/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.82387 times. The total number of equity shares allotted in this category is 7,66,200 Equity Shares. The Unsubscribed portion of 1,63,800 Equity Shares was allotted to Retail Category. A sample of category-wise details of the Basis of Allocation are as under:

For JHS Svendgaard Laboratories Limited
On behalf of the Board of Directors
Sd/-
Nikhil Nanda
Managing Director