Nu Tek India IPO Basis of Allotment

NUTEK INDIA LIMITED

(Our Company was originally incorporated as NuTek India Private Limited on July under the Companies Act1956 at New Deihi. Subsequent our Company vras converted into a public limited company and received fresh Certificate of Incorporation dated March 24,2006 in the name of Nu Tek India Limited from the Registrar of companies, ROC of Delhi and Haryana. For details of changes in Registered Office of our Company, please see the Section 'History and Certain Corporate Matters' on page 68 of the Prospectus)

Registered office:B-14A, Devika Towers. Nehru Place,New Delhi-110 019. Tel: +91 11 32694477, Fax: +91 11 30823984
Corporate Office: B-27, Infocity Sector-34, Gurgaon-122 001, Haryana. Tel:+91 124 3054600, Fax:+91 124 3054675, Email:ipo@nutek.in; www.nutek.in;
Company Secretary and Compliance Officer: Mr. Sanjay Kumar Singh

PUBLIC ISSUE OF 4,500,000 EQUITY SHARES OF Rs. 10 EACH OF NU TEK INDIA LIMITED ('NU TEK' OR THE 'COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF Rs. 192 PER EQUITY SHARE, CONSISTING OF A FRESH ISSUE OF 3,500,000 EQUITY SHARES BY THE COMPANY AND AN OFFER FOR SALE OF 1,000,000 EQUITY SHARES BY YAMINI SUPPLIERS PRIVATE LIMITED (THE 'SELLING SHAREHOLDER') AGGREGATING TO RS. 864 MILLION (THE 'ISSUE'). THE ISSUE COMPRISES OF NET ISSUE TO THE PUBLIC OF 4,400,000 EQUITY SHARES OF Rs. 10 EACH (THE 'NET ISSUE') AND A RESERVATION OF UPTO 100,000 EQUITY SHARES OF Rs. 10 EACH FOR THE ELIGIBLE EMPLOYEES ON A COMPETITIVE BASIS (THE 'EMPLOYEE RESERVATION PORTION'). THE ISSUE WILL CONSTITUTE 26.07% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE NET ISSUE WILL CONSTITUTE 25.49% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY. ISSUE PRICE IS RS. 192/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH. THE ISSUE PRICE IS 19.2 TIMES OF THE FACE VALUE.

The Issue was made through the 100% Book Building Process wherein at least 50% of the Issue size shall be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs), out of which 5% will be available for allocation on a proportionate basis to Mutual Funds only. The remaining QIB portion shall be available tor allotment on a proportionate basis to QIB bidders including Mutual Funds, subject to valid bids being received at or above the Issue Price. Further, not less than 15% of the Issue size would be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue size would be 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 10074 applications for 68,37,900 equity shares resulting in 1.52 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-institutional Investors, Retail individual Investors and Employee categories are as under: (Before technical rejections)

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalised in consultation with the Bombay Stock Exchange Limited ('BSE'), the Designated Stock Exchange on August 21,2008.

A. Allocation to Employees (AfterTechnical Rejections)
The Basis of Allocation to the Employees, who have bid at Cut Off or at Issue Price of Rs. 192 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.95 times. The total number of shares allotted in this category is 95100 Equity Shares to 18 successful applicants (Full and Firm). The 4,900 shares unsubscribed in the Employee Reservation are proportionately allocated to QIB (2450 shares), Retail (1,715 shares) and Non-Institutional Investors (735 shares) categories in the ratio of 50:35:15. The category-wise details of the Basis of Allocation are as under:

B Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual investors, who have bid at Cut Off or at the Issue Price of Rs. 192 per Equity Share, was finalized I in consultation with BSE. The category was subscribed to the extent of 0.85 times. The total number of shares allotted in this category is 1313640 Equity Shares to 9598 successful applicants (Full and Firm). The unsubscribed 2,28,075 shares (15,40,000 shares of Retail Category + 1,715 shares of praportioinate spill over from Employee Category-13,13,640 valid shares applied in this Category) are allocated to the Non-Institutional Category. The category-wise details of the Basis of Allocation are as under:

C. Allocation to Non institutional Investors(AfterTechnicalRejectlons)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs. 192 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.92 times. The total number of shares allotted in this category is 822900 Equity Shares to 39 successful applicants (Full and Firm). The unsubscribed 65,910 shares (6,60,000 shares of Non-Institutional Investors Category + 735 shares of proportioinate spill over from Employee Category + 2,28,075 shares of the Retail Category - 8,22,900 valid shares applied in this Category) are allocated to the QIB Category, the category-wise details of the Basis of Allocation are as under

D. Allocation to QIBs (After Technical Rejections)
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available i.e., 110000 equity shares and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares i.e., 2158360 equity shares on proportionate basis.

The Board of Directors of the company at it's Meeting held at Gurgaon on August 21,2008 has approved the basis of allocation of shares of the Issue and has recommended the allotment the Equity shares to various successful applicants.

The CAN cum Refund Orders and ECS / RTGS / NEFT / Direct Credit Intimation and notices (where applicable) have been dispatched to the addresses of the investors as registered with the depositories on August 22,2008. in case the same is not received within ten days, investors may contact the Registrar to the Issue, at the addresses given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company received the listing and trading approval from both, the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited on August 26,2008 and the trading in equity shares of the Company commenced w.e f. August 27,2008.

INVESTORS PLEASE NOTE
The issue closed on August 01,2008 and the last day for allotment of equity shares and dispatch of refund orders /giving refund instructions for ECS / RTGS / Direct Credit was August 16,2008. The Company has paid interest @15% pa. for the overdue period beyond the 15th day from the date of closure of the Issue.

This details of the allocation made would be hosted on the website of Registrars to the Issue, Aarthi Consultants Private Limited at www.aarthiconsultants.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:

AARTHI CONSULTANTS PRIVATE LIMITED
Unit: Nu Tek India Limited
1-2-285, Domalguda,Hyderabad -500 029, Andhra Pradesh, India Tel:+91-40-27634445/ 27642217 Fax:+91-40-27632184
E-mail: nutek@aarthiconsultants.com Website: www.aarthiconsultants.com SEBI Regn. No.: INR 000000379

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF NU TEK INDIA LIMITED.