Nuvoco IPO Basis of Allotment

Nuvoco Vistas Corporation Limited ('our Company') was originally incorporated on February 8, 1999 as a private limited company under the Companies Act, 1956, with the name "Infra Cement India Private Limited" in Mumbai Pursuant to the investment in our Company by the erstwhile shareholders the year 1999 and the resolution dated May 19, 1999 passed by the Shareholders, the name of our Company was charged to 'Lafarge India Private Limited', and a fresh certificate of incorporation was issued upon the change of name by the Registrar of Companies, Maharashtra at Mumbai ('RoC') on May 25, 1999. Pursuant to Section 43A(1) of the Companies Act, 1956, our Company became a deemed public limited company with effect from November 2, 1999 and the certificate of incorporation of our Company was endorsed by the RoC to that effect, and this was noted in the resolution dated December 3, 1999 passed by the Board. Subsequently, pursuant to the resolution dated April 16, 2003 passed by the Shareholders, the status of our Company was changed from deemed public limited company to private limited company in terms of Section 43A(2A) of the Companies Act, 1956 Accordingly, our Company became a private limited company with effect from April 16, 2003 and the certificate of incorporation of our Company was endorsed by the RoC to that effect. Thereafter, pursuant to the resolution dated February 26, 2016 passed by the Shareholders our Company was once again converted to a public limited company resulting in the change of name to 'Lafarge India Limited' and a fresh certificate of incorporation was issued by the RoC on March 12, 2016. Pursuant to divestment by the erstwhile shareholders in our Company in the year 2016 and the resolution dated March 8, 2017 passed by the Shareholders, the name of our Company was changed to "Nuvoco Vistas Corporation Limited" and a fresh certificate of incorporation was issued by the RoC on March 10, 2017. For details of the change in the name and the registered office of our Company, see History and Certain Corporate Matters' on page 209 of the prospectus dated August13, 2021 ("Prospectus") filed with RoC and thereafter with Securities and Exchange Board of India ('SEBI'). BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE' and together with BSE, the 'Stock Exchanges')

Our Company has filed the Prospectus dated August 13, 2021 with the RoC. and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ( NSE'; and BSE Limited )('BSE') and trading is expected to commence on or about Monday. August 23, 2021.

INITIAL PUBLIC OFFERING OF 87,719,297 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH ("EQUITY SHARES") OF NUVOCO VISTAS CORPORATION LIMITED (THE "COMPANY") FOR CASH AT A PRICE OF Rs 570 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OFT 560 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO Rs 50,000,00 MILLION COMPRISING A FRESH ISSUE OF 26,315,789 EQUITY SHARES AGGREGATING TO T 15,000.00 MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF 61,403,508 EQUITY SHARES BY NIYOGI ENTERPRISE PRIVATE LIMITED (THE "PROMOTER SELLING SHAREHOLDER") AGGREGATING TO Rs 35,000.00 MILLION ("OFFERED SHARES") ("OFFER FOR SALE", AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"). THE OFFER CONSTITUTES 24.56% OF THE POST-OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF EQUITY SHARES IS Rs 10 EACH AND THE OFFER PRICE WAS 57 TIMES THE FACE VALUE OF THE EQUITY SHARES

The Offer was made through the bock building process in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 as amended. ("SCRR") read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, where not more than 50% of the Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") ("QIB Category"), our Company and the Promoter Selling Shareholder, in consultation with the BRLMs, allocated up 1o 60% of the QIB Category to Anchor Investors on a discretionary bass ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares were allocated to Anchor Investors Post allocation to the Anchor Investors, the QIB Category was reduced by such number of Equity Shares Further. 5% of the QIB Category (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Category was available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds subject to valid Bids being received at or above the Offer Price Further, not less than 15% of the Offer was available for allocation or a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer was available for al location to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject 1o valid Bids being received a1 or above the Offer Price. All Bidders (ether than Anchor Investors) were mandatorily required to participate in this Offer through the Application Supported by Block Amount ('ASBA') process, and were required to provide details of their respective bank account (including UPI ID for Retail Individual Investors using UPI Mechanism) in which the Bid Amount was blocked by the SCSBs or the Sponsor Bank, as the case may be. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process. For further details. see "Offer Procedure" on page 441 of the Prospectus.

The bidding for Anchor Investors opened and dosed on Friday, August 6, 2021. The Company received 66 applications from 43 Anchor Investors (including 12 mutual funds through 29 Mutual Fund Schemes) for 27,183,936 Equity Shares. The Anchor Investor Offer Price was finalized at Rs 570 per Equity Share. A total of 26,315,788 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs570 per Equity Share.

The Offer received 513,740 applications for 127,364,900 Equity Stares resulting m 1.4520 fanes subscription. The details of the applications received in the Offer from Retail Individual Investors, Non-Institutional investors and QIBs are as under (before technical rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on August 17, 2021.

A. Allotment to Retail Individual Investors (After technical rejections, multiple or duplicate Bids and Bids not banked I returned)

The Bass of Ailment to the Retail Individual Investors who have bid at cut-off or at the Otter Price of Rs 570 per Equity was finalized n consultation with BSE. This category has been subscribed to the extent of 0,5299 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 16,269,396 Equity Shares to 495.486 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After technical rejections, multiple or duplicate Bids and Bids not banked / returned)

The Basis of Allotment to the Non-Institutional Investors, who have bid at the Offer Price of Rs 570 per Equity Share or above, was finalized in consultation with BSE This category has been subscribed to the extent of 0.5936 times. The total number of Equity Shares allotted in this category is 7,810,244 Equity Shares to 757 successful applicants. The category-wise details of The Basis of Allotment are as under (Sample)

C. Allotment to QIBs (After Technical Rejections)

Allotment to QIBs who have bid at the Offer Price of Rs 570 per Equity Share or above, has been done on a proportionate basis in consultation with BSE. 018 category (excluding Anchor Investors) received 48 valid applications for 75,443,316 Equity Shares against 37,323,869 Equity Shares (Includes under subscription of 5,347,651 Equity Shares spilled over from Nil Category and 14,432,358 Equity Shares spilled over from Retail Category) reserved for this category resulting in subscription of 2,0213 times. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 1,866,194 (includes under subscribed portion of 721,618 Equity Shares spitted over from Retail Category and 267,383 Equity Shares spilled over from Nil Category) Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 35,457,675 (includes under subscribed portion of 13,710,740 Equity Shares spilled over from Retail Category and 5,080,268 Equity Shares spiled over from Nil Category) Equity Shares on a proportionate bass The total number of Equity Shares allotted in the QIB category is 37,323,869 Equity Shares, which were allotted to 48 successful Applicants.

D. Allotment to Anchor Investors (After Technical Rejections)

Allotment to Anchor Investors, who have bid at the Offer Price of Rs 570 per Equity Share or above .has been done on a proportionate basis m consultation with BSE. The Company received 66 applications from 43 Anchor Investors (including 12 mutual funds through 29 Mutual Fund Schemes) for 27,183,936 Equity Shares, The Anchor Investor Offer Price was finalized at Rs 570 per Equity Share A total of 26.315,788 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs 57/- per Equity Share This represents 60% of the QIBP Portion as mentioned in Prospectus

The IPO Committee of the Board of Directors of our Company at its meeting he'd on August 17, 2021 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Offer Account on August 17, 2021 and the payments to non-syndrcate brokers have been issued on August 17, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares also tied to the successful allottees have been uploaded on August 17, 2021 (or credit into the respective beneficiary accounts subject 1o validation of the account details with the depositores concerned The Company is in the process of obtaining the listing and trading approval from the Stock Exchanges, and trading Is expected to commence on or about Monday, August 23, 2021.

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

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in.

All future correspondence m this regard may kindly be addressed to the Registrar to the Offer quoting full name of the fast sole Bidder, Bid-cum- Application Form number, Bidder DP ID. Client ID, PAN, date of submission of Bid-cum-Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated intermediary where the Bid-cum-Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below;

Link Intime India Private Limited

C-101,1st Floor 247 Park, L B. S. Marg, Vikhroli West, Mumbai - 400 083 Maharashtra, India.

Tel: +91 22 4918 6200: E-mail: nuvocoipo@linkintime.co.in; Investor grievance E-mail: nuvoco.ipo@linkintime.co.in

Website: www.linkintime.co.in; Contact Person: Shank Gopalkrishnan SEBI Registration No: INR000004058

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 NUVOCO VISTAS CORPORATION LIMITED.

NUVOCO VISTAS CORPORATION has filed the Prospectus with the RoC and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the BRLMs, i.e. ICICI Securities Limited at www.icicisecurities.com. Axis Capital Limited at www.axiscapital.co.in, HSBC Securities and Capital Markets (India) Private Limited at wvw.business.hsbc.co.in/en-gb/in/generic/ipo-open-offer-and-buyback, J P, Morgan India Private Limited at www.jpmipl.com and SBI Capital Markets Limited at www.sbicaps.com Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" beginning on page 25 of the Prospectus. These materials are not for publication or distribution, directly or indirectly, In or into The United States (Including its territories and possessions, any state of the United States and the District of Columbia). These materials are not an offer of securities for sale into the United States. Canada or Japan. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.