Omkar speciality IPO Basis of Allotment

Omkar Speciality Chemicals Limited

Our Company was originally incorporated as Omkar Speciality Chemicals Private Limited on February 24,2005 and was registered with the Registrar of Companies, Maharashtra. It was converted into a public limited company under the name Omkar Speciality Chemicals Limited on March 18,2010.

Registered & Corporate Office: B-34, MIDC, Badlapur (E), Thane- 421503, Maharashtra. (For the details of change in our Registered Office, please refer to page no.11 of the Prospectus) Tel No.: +91 -251 -2690651/2697340; Fax No.: +91-251-2697347/2691572; Website: www.omkarchemicals.com; Email: info@omkarchemicals.com;
Contact Person: Ms. Nikita Mehta, Company Secretary & Compliance officer; Email: nikita@omkarchemicals.com

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-.

THE ISSUE PRICE PER EQUITY SHARE IS RS. 98 AND IS 9.8 TIMES THE FACE VALUE OF THE EQUITY SHARES.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading is expected to commence on February 10,2011 subject to receipt of necessary approvals.

The Issue is being made through a 100% Book Building process wherein not more than 50% of the Issue to Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'). 5% of the QIB portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue to Public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue to Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.

*Applications Supported by Blocked Amount (ASBA) is a better way of applying to issues by simply blocking the fund in the bank account,
investors can avail the same. For details, check section on ASBA below.

Applications Supported by Blocked Amount (ASBA): Investors may apply through ASBA process. ASBA can be availed by all the Investors. The investor is required to fill the Bid cum ASBA Form and submit the same to their bank which in turn will block the amount in the account as per the authority contained in Bid cum ASBA Form and undertake other tasks as per the specified procedure. On allotment, amount will be unblocked and account will be debited only to the extent required to pay for allotment of shares. Hence, there will be no need of refunds etc. Bid cum ASBA Form can be obtained from several banks, the list of such banks are given in the Bid cum ASBA Form and is available on the website of SEBI at www.sebi.gov.in. For more details on the ASBA process, please refer to the section titled Issue Procedure' beginning on page 205 of the Prospectus.

IPO Grading: The Issue has been graded by CARE and has been assigned 'CARE IPO GRADE 3' to the Initial Public Offering of our Company indicating average fundamentals. For more information on IPO Grading, please refer to page no. 15 of the Prospectus.

The Issue received 23,996 applications for 35,802,480 equity shares after cheque returns but before technical rejections resulting in 4.42 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors are as under: (Before technical rejections)

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 under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on February 04,2011. The details of valid applications received and allotment done are as under:

A. Allocation to Retail Individual Investors (After Technical Rajections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of RS. 98 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 7.89 times after spill over of 5,06,310 shares from QIB Category. The total number of shares allotted in Retail Individual Investor category is 3,341,310 Equity Shares to 19,789 successful applicants. The category-wise details of the Basis of Allocation are as under

B. Allocationito Non Institutional Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of RS. 98 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 4.09 times after spill over of 2,16,990 shares from QIB Category. The total number of equity shares allotted in this category is 14,31,994 equity shares (4 excess shares were allotted in this category for rounding off) to 39 successful applicants. The category-wise details of the Basis of Allocation are as under:

C. Allocation to QIBs (including ASBA applications)
Allocation to QIBs is done in consultation with BSE. 5 valid applications for 33,26,700 shares were received against 40,50,000 Equity Shares reserved for this category resulting in subscription of 0.82 times. Under the QIB portion 5% was reserved for Mutual Funds. As no Mutual Funds applications were received in the Issue, the total Mutual Fund portion is allocated to all the other QIBs. However due to under subscription in the said category, full and firm allotment have been made in the QIB category. The under subscribed 7,23,300 shares from QIB category have been spilled over to Retail and Non Institutional category in the ratio of 70:30.

The Board of Directors of the Company at Its Meeting held on February 5,2011 has taken on record the basis of allocation of shares of the Issue approved by the Designated Stock Exchange viz., Bombay Stock Exchange Limited, Mumbai, and allotted shares to various successful applicants.

The CAN-cum-Refund Orders along with allotment advice and/or notices have been dispatched to the addresses of the bidders as registered with the depositories on February 7,2011. In case the same is not received within ten days, bidders may contact at the address given below. The instructions to Self Certified Syndicate Banks ('SCSBs') for unblocking and transfer of funds have been sent on February 5,2011. 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 credited to their beneficiary accounts on February 8,2011, subject to validation of the account details with the depositories concerned. The Company has filed its Listing application with Bombay Stock Exchange Limited (the 'Designated Stock Exchange') and National Stock Excahnge of India Limited on February 8,2011. The Company is taking steps to get the Equity Shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited on February 10,2011 subject to receipt of necessary approvals.

INVESTORS PLEASE NOTE
These details of the allocation made would be hosted on the website of Registrar to the Issue, i.e. Bigshare Services Private Limited at Website: 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 and Place where the bid was submitted and payment details at the address given below:

Bigshare Services Private Limited
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (E), Mumbai-400 072.
Tel No +91 -22-40430200; Fax: +91 -22-2847 5207; Website: www.bigshareonline.com;
Email: ipo@bigshareonline.com