December 17, 2007 - December 19, 2007

Manaksia IPO Basis of Allotment

MANAKSIA LIMITED

[Our Company was originally incorporated as Hindusthan Seals Limited in December 27,1984. We subsequently changed the name of our Company to Manaksia Limited pursuant to a special resolution of the members passed at the shareholders' meeting held on May 2, 2000. The fresh certificate of incorporation consequent to change of name was granted to our Company on December 4, 2003 by the Register of Companies, West Bengal, (See 'History ad Centain Matters' on page 88 the Prospectus for further details)]

Registered Office :8/1 Lalbazar street, Kolkata 700001 (Our registered office was shifted from 95/1 Dharmatolla Street, Kolkata 700001 to 8/1 Lalbazar Street, Kolkata 700001 with effect from December 19,1994 by a resolution passed by our Board) Tel : +91-33-2231-0050 (3 lines), Fax : +91-33-2230-0336/2242-8470 Contact Person and Compliance Officer: Mr. Sandeep Sultania Email : info@manaksia.com Website : www.manaksia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE UP TO 15,500,000 EQUITY SHARES OF RS. 2 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS. 160 PER EQUITY SHARE AGGREGATING RS. 2,480 MILLION (THE 'ISSUE') BY MANAKSIA LIMITED ('OUR COMPANY' OR ' THE ISSUER') THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 15,400,000 EQUITY SHARES ('THE NET ISSUE') AND A RESERVATION OF UP T0 100,000 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED HEREIN) (THE ' EMPLOYEE RESERVATION PORTION'). AT THE ISSUE PRICE THE ISSUE WOULD CONSTITUTE 22.29% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY. THE NET ISSUE WOULD CONSTITUTE 22.15% OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY CAPITAL OF OUR COMPANY.
ISSUE PRICE: Rs. 160 PER EQUITY SHARE OF FACE VALUE RS. 2/-THE ISSUE PRICE IS 80 TIMES OF THE FACE VALUE.

The Public Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue shall be allocated on a proportionate basis to QIB Bidders out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to the 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, atleast 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders and atleast 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price.
Further, upto 100,000 Equity Shares shall be available for allocation on a proportionate basis to the Eligible Employees, subject to valid bids being received at or above the Issue Price.
The Issue received 76,233 applications for 134,183,080 equity shares resulting in 8.6570 times subscription. The details of the applications received in the Issue from Qualified Institutional Bidders, Non-Institutional and Retail Investor categories are as under: (Before technical rejections)

Category	No. of Applications	No. of Shares	Subscription
Qualified Institutional Bidders	43	105,459,120	13.6960
Non Institutional Investors	95	3,488,000	1.5100
Retail Investors	75,970	25,186,600	4.6728
Employee	125	49,360	0.4936

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

Bid Price	No. of Shares	% to Total	Cumulative Total	Cumulative % to total
140	135,360	0.0969	139,718,120	100.0000
141	3,200	0.0023	139,582,760	99.9031
142	40	0.0000	139,579,560	99.9008
143	40	0.0000	139,579,520	99.9008
144	40	0.0000	139,579,480	99.9008
145	5,520	0.0040	139,579,440	99.9007
146	1,040	0.0007	139,573,920	99.8968
147	9,640	0.0069	139,572,880	99.8960
148	160	0.0001	139,563,240	99.8891
149	80	0.0001	139,563,080	99.8890
150	121,920	0.0873	139,563,000	99.8890
151	160	0.0001	139,441,080	99.8017
152	120	0.0001	139,440,920	99.8016
153	800	0.0006	139,440,800	99.8015
155	5,360	0.0038	139,440,000	99.8009
156	9,320	0.0067	139,434,640	99.7971
157	200	0.0001	139,425,320	99.7904
158	240	0.0002	139,425,120	99.7903
159	240	0.0002	139,424,880	99.7901
160	113,339,920	81.1204	139,424,640	99.7899
CUTOFF	26,084,720	18.6695	26,084,720	18.6695
TOTAL	139,718,120	100.0600

The Basis of Allocation for all the categories namely Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was finalised in consultation with Bombay Stock Exchange of India Limited (Designated Stock Exchange) on 31 December 2007.

A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 160/- per Equity Share, have been considered while preparing the basis of allocation. The category was over subscribed 4.393072 times. The unsubscribed portion of 17,864 Equity Shares from Employee category as well as 274,856 Equity shares from Non Ihstitutionnal Category has been spilled over to this category. The category-wise details of the Basis of allocation are as under:

Category (No. of shares)	No. of Applns.	% to Total	Total No. of Shares Applied	% to Total	No. of Shares Allocated	Ratio	Total No .of Shares Allocated
40	10,792	14.39	431,680	1.73	40	5:21	102,920
80	7,330	9.77	586,400	2.35	40	10:21	139,720
120	5,491	7.32	658,920	2.64	40	5:7	156,960
160	3,856	5.14	616,960	2.47	40	40:41	150,520
200	4,427	5.9	885,400	3.55	45	FIRM	199,215
240	1,690	2.25	405,600	1.62	54	FIRM	91,260
280	5,536	7.38	1,550,080	6.21	63	FIRM	348,768
320	3,426	4.57	1,096,320	4.39	72	FIRM	246,672
360	734	0.98	264,240	1.06	81	FIRM	59,454
400	1,980	2.64	792,000	3.17	91	FIRM	180,180
440	357	0.48	157,080	0.63	100	FIRM	35,700
480	478	0.64	229,440	0.92	109	FIRM	52,102
520	384	0.51	199,680	0.8	118	FIRM	45,312
560	515	0.69	288,400	1.16	127	FIRM	65,405
600	28,004	37.34	16,802,400	67.3	136	FIRM	3,808,544

B. Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non-Institutional Investors, who have bid at the Issue Price of Rs. 160/- per Equity Share, have ' been considered while preparing the basis of allocation. The category was over subscribed 0.881408 times. The total number of shares allotted in this category is 2,042,800. The unsubscribed portion of 7,656 Equity Shares from . Employee category has been spilled over to this category. The unsubscribed portion of 274,856 shares was added.to the Retail Category. The category wise details of the Basts of aBocation are as urider:

Category (No. of shares)	No. of Applns.	% to Total	Total No. of Shares Applied	% to Total	No. of Shares Allocated	Ratio	Total No .of Shares Allocated
640	4	4.88	2,560	0.13	640	FIRM	2,560
680	4	4.88	2,720	0.13	680	FIRM	2,720
720	1	1.22	720	0.04	720	FIRM	720
800	1	1.22	800	0.04	800	FIRM	800
960	1	1.22	960	0.05	960	FIRM	960
1000	4	4.88	4,000	0.2	1,000	FIRM	4,000
1120	2	2.44	2,240	0.11	1,120	FIRM	2,240
3200	1	1.22	3,200	0.16	3,200	FIRM	3,200
3440	1	1.22	3,440	0.17	3,440	FIRM	3,440
3600	1	1.22	3,600	0.18	3,600	FIRM	3,600
3720	1	1.22	3,720	0.18	3,720	FIRM	3,720
5920	1	1.22	5,920	0.29	5,920	FIRM	5,920
33160	1	1.22	33,160	1.62	33,160	FIRM	33,160
37880	1	1.22	37,880	1.85	37,880	FIRM	37,880
46840	1	1.22	46,840	2.29	46,840	FIRM	46,840
50000	1	1.22	50,000	2.45	50,000	FIRM	50,000
170000	1	1.22	170,000	8.32	170,000	FIRM	170,000
200000	1	1.22	200,000	9.79	200,000	FIRM	200,000
300000	1	1.22	300,000	14.69	300,000	FIRM	300,000
500000	1	1.22	500,000	24.48	500,000	FIRM	500,000

C. Allotment to Employees (After Technical Rejections)
All the bidders in the Employee Category, who have bid at the Issue Price of Rs. 160/- per Equity Share, have been considered while preparing the basis of allocation. The category was under subscribed by 0.489600 times. The total number of shares allocated in this category is 48,960 Equity Shares. The unsubscribed portion of 51,040 shares was added to the QIB, HNI and Retail Category in the ratio of 50:15:35.

Category (No. of shares)	No. of Applns.	% to Total	Total No. of Shares Applied	% to Total	No. of Shares Allocated	Ratio	Total No .of Shares Allocated
40	1	0.81	40	0.08	40	FIRM	40
120	1	0.81	120	0.25	120	FIRM	120
400	122	98.39	48,800	99.67	400	FIRM	48,800

D. Allotment to QIBs
The total number of shares allotted in this category is 7,725,508 Equity Shares including spill over from Employee Category (25,520 Shares). Allocation to QIBs has been done on a proportionate basis in consultation with BSE.

Category	Foreign Institutions/Banks	Mutual Funds	Foreign Institutional Inverstors	Venture Capitals	Insurance Companies	Total
Shares Allotted	826,836	1,325,959	4,497,043	1,075,670	-	7,725,508

Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Activity	Date of Completion
Approval of Basis of Allotment by BSE	31st December, 2007
Despatch of Allotment Advices, Refund Orders and ECS Intimation Note	02nd January, 2008
Refund Instructions to the Clearing System(in case of Refunds through ECS system)	01st Jaunuary, 2008
Listing Application to BSE,NSE,CSE	03rd January,2008
Credit to beneficiary Accounts	02nd January, 2008

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts.
The company is taking steps to get the equity shares admitted for trading on National Stock Exchange Limited, Bombay Stock Exchange Limited and Calcutta Stock Exchange Association Limited within seven working days from the date of approval of the basis of allotment.

INVESTOR PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound,
L.B.S. Marg, Bhandup (W), Mumbai - 400 078
Tel: +91 - 22 - 2596 0320; Fax: +91 - 22 - 2596 0329
Email: manaksia.ipo@intimespectrum.com
Website: www.intimespectrum.com
Contact person: Mr. Sachin Achar

Place : Mumbai Date : 2nd January, 2008	For MANAKSIA LIMITED On behalf of the Board of Directors Sd- Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MANAKSIA LIMITED

Manaksia IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Manaksia IPO .

The Manaksia IPO basis of allotment (published above) tells you how shares are allocated to you in Manaksia IPO and category wise demand of IPO share.

Visit the Manaksia IPO allotment status page to check the number of shares allocated to your application.

In Manaksia IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Manaksia IPO basis of allotment document to know how the shares are allocated in Manaksia IPO.

Manaksia IPO Basis of Allotment

Manaksia IPO Basis of Allotment FAQs

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