Manjushree FPO Basis of Allotment

Manjushree Extrusions Limited

ADVANCED PACKAGlNG SOLUTIONS

(The Company was originally incorporated as a Private Limited Company vide registration No. 2799 of 1987-88 under the provisions of the Companies Act, 1956 on 13th November, 1987 under the name and style of 'Manjushree Extrusions Private Limited' with the Registrar of Companies, Assam, Shillong and later by virtue of Special Resolution passed on 12th December,1994 the Company was converted into a Public Limited Company under section Sections 21/31/44 of the Companies Act, 1956 and received an amended certificate of incorporation and the name of the Company was changed to Manjushree Extrusions Limited).
Registered & Corporate Office: 143-C5, Bommasandra Industrial Area, Hosur Road, Bangalore - 560 099. (At the time of incorporation, the Registered office of the Company was situated at S.R.C.B Road, Fancy Bazar, Guwahati - 781 001, which was thereafter shifted on 31^st July, 2003 to the present address).  Tel.: +91-80-27833478; Fax: +91-80-27833819; E-mail: Investor@manjushreeindia.com Website: www.manjushreeindia.com
Contact person: Mr. Naresh Kumar Sharma, Company Secretary cum Compliance Officer

BASIS OF ALLOTMENT

Composite Issue of 93,36,900 Equity Shares of Rs. 10 each aggregating to Rs. 3570.00 Lacs comprising of:

1. Rights issue of 42,10,800 Equity Shares of Rs.10 each for cash at a premium of Rs. 20 per share (i.e. at a price of Rs. 30 per share) aggregating to Rs. 1263.24 lacs to the existing shareholders of the company in the ratio of 1 (one) equity share for every 1(one) equity share held as on 24^th December, 2007 (Record Date);

2. Public issue of 51,26,100 Equity Shares of Rs. 10 each for cash at a premium of Rs. 35 per share (i.e. at a price of Rs..45 per share) aggregating to Rs. 2306.76 Lacs.

The face value of the equity share is Rs. 10 per equity share and the rights issue price of Rs. 30 per equity share is 3 times of the face value and the public issue price of Rs. 45 is 4.5 times of the face value. The net public issue would constitute 37.84% of the post issue paid up capital of the company.

RIGHTS ISSUE-BASIS OF ALLOCATION

The Rights Issue received 365 valid applications for 4,489,750 shares resulting in the issue being subscribed 1.07 times

On 20th February, 2008, the Board of Directors has approved theBasis of Allotment and allotted the said 42,10,800 Equity Shares. As per the Basis of Allotment, stated in the Offer Document, Equity shares were allotted in full to the Shareholders and Renouncees against applications towards their entitlement. As stated in the Offer Document, allotment to Shareholders against applications towards additional shares has been made considering the shares held by them on 24th December, 2007 (Record Date) and the basis of allotment to shareholders / renouncees who have applied for additional shares was finalized in consultation with BSE, the designated Stock Exchange.

PUBLIC ISSUE - BASIS OF ALLOCATION

The Public Issue received 4438 valid applications for 6,353,700 shares resulting in the issue being subscribed 1.24 times.

A) Allocation to Retail Investors

The Basis of Allocation to the Retail investors was finalized in consultation with BSE. The category was subscribed 0,87 times. The total number of shares allotted in this category is 2,227,500 Equity Shares. A sample of the category-wise details of the Basis of Allocation is as under.

B) Allocation to Other than Retail Investors

The Basis of Allocation to the Other than Retail investors was finalized in consultation with BSE. The category was subscribed 1.61 times. The total number of shares allotted in this category is 2,898,600 Equity Shares. A sample of the category-wise details of the basis of allocation is as under:

The Board of Directors of the Company has approved the Basis of Allotment on 20^th February, 2008 and has allotted shares to the valid applicants. The physical refund warrants, intimation regarding refunds through electronic modes (ECS, RTGS, NEFT or Direct Credit) and allotment advice are being dispatched to the same address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrars to the issue at the address given below. The Refund Orders are being over-printed with the bank mandate details as registered, if any, with the depositories.

The equity shares allotted to applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The listing applications are being filed with the Bombay Stock Exchange Limited, Ahmedabad Stock Exchange Limited, The Calcutta Stock Exchange Association Limited and The Gauhati Stock exchange Limited and the Company is taking steps to complete all formalities for listing and commencement of trading of Equity Shares within seven working days form the date of allotment.

INVESTORS PLEASE NOTE

All the future correspondence in this regard may kindly be addressed to the Registrars to the Issue, whose address is furnished below, quoting full name of the First/sole applicant, Serial number of the application form, number of shares applied for and place where the application was submitted with payment details.
The details of Ihe allocation made are being hosted on the website of Registrars to the issue, Alpha Systems Private Limited, 30, Ramana Residency, 4^th Cross, Sampige Road, Malleswaram, Bangalore - 560003. Tel.: +91-80-2346-0815/818 Fax: +91-80-2346-0819, E-mail: mel@123alpha.com, Website: www.123alpha.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE OR THE BUSINESS PROSPECTS OF MANJUSHREE EXTRUSIONS LIMITED