Midfield Industries IPO Basis of Allotment

MIDFIELD INDUSTRIES LIMITED

Our company was originally incorporated as 'Midfield Steels Private Limited' on June 08,1990 under the Companies Act, 1956 and subsequently we changed the name of our company to 'Midfield industries Private Limited' and received fresh certificate of incorporation dated April 03,2006. Subsequently our company was converted into public limited company and we received fresh certificate of incorporation dated July 07,2006 in the name of 'Midfield Industries Limited from the Registrar of Companies, Andhra Pradesh at Hyderabad. Registered and Corporate Office: Plot no 6 Phase IV Extn. IDA Jeedimetia Hyderabad - 500 055, Andhra Pradesh Tel: +91-40-2309 8502, Fax: +91-40-2309 6493
Company Secretary: Mr. A Devi Prasad; Compliance Officer: Mr. M Laxminarayana
Email: ipo@midfieldindustries.com Website: www.midfieldindustries.com

Basis of Allotment

'The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ('BSE') and the trading is expected to commence on Wednesday (August 04,2010)'

The Issue was made through the 100% Book Building Process wherein not more than 50% of the net issue was allocated on a proportionate basis to QIB Bidders, out of which 5% of the QIB Portion was available for allocation on a proportionate basis to Mutual Funds only and the remainder was available for allocation on a proportionate basis to all QIBs bidders including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price.. Further, not less than 15% of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. The Issue received 36556 applications for 57847300 equity shares resulting in, 12.854 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investors are as under: (Before technical rejections and after cheque returns).

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/ Issue Closing Date at different bids is as detailed hereunder:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on July 30, 2010. The Board of Directors of the Company at its meeting held on July 31,2010 allotted the equity shares to the successful applicants.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ('ASBA')) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or above the Issue Price of Rs.133/- per Equity Share, was finalized in consultation with BSE. This category has been subscribed to the extent of 13.217 times (valid applications) Overall 36072 applications for 20817050 equity shares were found valid and the quantum of shares allotted to this category is 1575000 proportionate basis to 25355 successful applicants.

B. Allocation to Non Institutional Investors (Including ASBA) (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs.133/- per Equity Share or above, was finalized in -consultation with the BSE. This category was subscribed to the extent of 48.408 times (valid applications).Overall 70 applications for 32675100 equity shares were found valid and the quantum of shares allotted to this category is 675001 proportionate basis. All the applicants in this category have been given firm allotment on proportionate inverse to the over subscription ratio.

C. Allocation to QIBs (Including ASBA) (After Technical Rejections)
The Basis of Allocation to the Qualified Institutional Bidders, who have bid at or above the Issue price of Rs.133/- per Equity Share was finalized in consultation with BSE on proportionate basis. This category was subscribed to the extent of 1.862 times(valid applications). Overall 10 applications for 4190050 EquityShares were found valid and the quantum of shares allotted to this category is 2250000. All the applicants in this category have been given firm allotment on proportionate inverse to the over subscription ratio.

The Refund Orders and allotment advice and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on August 02, 2010. Further, the instructions to Self Certified Syndicate Banks to unblock the amount have been given on July 31,2010. In case the same is not received within 10 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 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 Bombay Stock Exchange Limited within twelve working days from the date of closure of the issue.

Note: All capitalized terms used and not defined herein shall have tne respective meanings assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrar to the Issue, Bigshare Services Private Limited at http://www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar 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, place where the bid was submitted and payment details at the address given below:

Bigshare Services Pvt Ltd
E-2/3, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri (E), Mumbai - 400 072
Tel. No.: 022 - 4043 0200 Fax: 022 - 2847 5207 Email: ipo@bigshareonline.com