March 25, 2013 - March 28, 2013

Opal Luxury Time Products IPO Basis of Allotment

OPAL LUXURY TIME PRODUCTS LIMITED

Our Company was incorporated as Opal Luxury Time Products Private Limited on February 10, 2007 under the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Pune. Further, our Company was converted into a public limited company vide Fresh Certificate of Incorporation Consequent upon Change of Name on Conversion to Public Limited Company dated November 01, 2012 issued by the Registrar of Companies, Maharashtra, Pune and the name of our Company was changed to Opal Luxury Time Products Limited. The Corporate Identity Number of our Company is U33309PN2007PLC129597. For further details on change of name and that of registered office of our Company, please see chapter titled 'History and Corporate Structure' beginning on page 110 of the Red Herring Prospectus.

Registered Office: Shree Ganesh, Plot No. 31, Shivaji Housing Society, Behind ICC Tower, Senapati Bapat Road, Pune - 411 016, Maharashtra, India. Tel.: +91 - 20 - 2563 1919, Fax: +91 - 20 - 2563 1919; Extn: 111,
Website: www.opalclocks.com; E-mail: contact@opalclocks.com
Contact Person: Mr. Nikhil Deshpande, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MR. SAMEER GUJAR AND MRS. PRATIBHA GUJAR

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,000,000 EQUITY SHARES OF Rs.10 EACH FOR CASH AT A PRICE OF Rs.130 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs.120 PER EQUITY SHARE) AGGREGATING TO Rs.1,300 LACS (THE 'ISSUE') BY OUR COMPANY, OF WHICH EQUITY SHARES OF Rs.10 EACH AGGREGATING TO Rs.65 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 50,000 EQUITY SHARES OF Rs.10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.77% AND 28.28%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
This being an Issue for Equity Shares representing more than 25% of the post-Issue equity share capital of our Company, Equity Shares will be offered to the public for subscription in accordance with Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended and is being made through a Book Building Process in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.

This was an issue wherein not more than 50% of the net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers (QIB), of which 5% shall be reserved for Mutual Funds. Further, not less than 15% of the net Issue was available for allocation on a proportionate basis to Non Institutional Bidders (NIB) and not less than 35% of the net 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 opened for subscription on Monday, March 25, 2013 and closed on Thursday, March 28, 2013. The details of the applications received in the Offer from Market Maker, Qualified Institutional Buyers, Non Institutional Bidders and Retail Individual Bidders are as under:

CATEGORY	NO. OF APPLICATIONS RECEIVED	NO. OF EQUITY SHARES BID FOR	SUBSCRIPTION
Retail Individual Investor's	116	116,000	0.3488
HNIs	8	48,000	0.3368
Market Maker	1	279,000	5.58
QIB	4	557,000	1.17
Total*	129	1,000,000	1

'(Includes one application for 22,000 equity shares aggregating to 7 28,60,000/- brought-in by under writing obligation) Final Demand
A summary of the final demand as per the National Stock Exchange of India Limited ('NSE') as on the Bid/Offer Closing date at different bid price is as under:

Bid Price (Rs.)	No. of Equity Shares	% To Total	Cumulative Total	Cumulative % To Total
130	925,000	92.04	925,000	92.04
131	0	0.00	925,000	92.04
132	0	0.00	925,000	92.04
133	0	0.00	925,000	92.04
134	0	0.00	925,000	92.04
135	13,000	1.29	938,000	93.33
Cut off	67,000	6.67	1,005,000	100.00
Total	1,005,000	100.00

The Basis of Allotment was finalized in consultation with National Stock Exchange of India Limited, being the Designated Stock Exchange on April 08, 2013.

A) Allotment to the Market Maker's Category
1 valid application for 279,000 Shares were received against 50,000 Equity Shares reserved for this category resulting in subscription of 5.58 times.

No. of applications	Shares Applied	Shares available for allotment	No. of times subscribed
1	279,000	50,000	5.58

* Includes un-subscribed portion of 216,500 equity shares from Retail category and Non Institutional Bidder's of 12,500 equity shares was added back to Market Makers to the extent of subscription (i.e. 229,000 equity shares).

B) Allotment to the QIB Category
This category has been subscribed to the extent of 1.17 times. The total number of Equity Shares Allotted in the QIB Category is 557,000 Equity Shares which were Allotted to 4 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	Fls/Banks	Flls	MFs	ICs	VCs	Total
QIB	134,000	-	-	-	423,000	557,000

*Includes un-subscribed portion of 82,000 equity shares from Non Institutional Bidder's equity shares was added back to Qualified Institutional Bidder's.

C) Allotment to the Non Institutional Investors
The Basis of Allotment to the Non Institutional Bidders who have bid at the Issue Price of Rs.130 or above per Equity Share was finalized. This category has been subscribed to the extent of 0.3368 times. The total number of equity shares allotted in the Non Institutional bidder category is 48,000 Equity Shares, Allotted to 8 successful applicants. The category wise details of the Basis of Allotment are as under: (Includes one application for 22,000 equity shares aggregating to 7 28,60,000/- brought-in by under writing obligation)

Category	No. Of Applns.	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares per applicant	Ratio	Total No. of Equity Shares allocated
22,000	1	12.5	22,000	45.83	22,000	1:1	22,000
8,000	1	12.5	8,000	16.67	8,000	1:1	8,000
4,000	2	25.0	8,000	16.67	4,000	1:1	8,000
3,000	2	25.0	6,000	12.50	3,000	1:1	6,000
2,000	2	25.0	4,000	8.33	2,000	1:1	4,000
Total	8	100	48,000	100			48,000

Un-subscribed portion of 94,500 equity shares of Non Institutional Investors category added back to Qualified Institutional Bidder's to the extent of subscription (i.e. 82,000 equity shares) and balance 12,500 equity shares added back to Market Makers.

D) Allotment to the Retail Individual Investors
116 valid applications for 116,000 Shares were received, against 332,500 Equity Shares reserved for this category resulting in subscription of 0.348872 times. The category-wise details of the Basis of Allotment are as under:

Category	No. Of Applns.	% to total	Total No. of Equity Shares applied	% to total	No. of Equity Shares per applicant	Ratio	Total No. of Equity Shares allocated
1000	116	100	116,000	100	1000	1:1	116,000

Un-subscribed portion of 229,000 equity shares of retail & Non Institutional Investors category added back to Market Makers to the extent of subscription (i.e. 279,000 equity shares).

The Board of Directors of the Company at its meeting held on April 08, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the National Stock Exchange of India (Designated Stock Exchange) and has allotted the Equity Shares to various successful applicants and has also authorised the corporate action for the allotment of the Equity Shares to various successful bidders. The Allotment advice and/or notices have been dispatched to the address of the allottees as registered with the depositories. Further the instructions to the SCSBs have been dispatched / mailed on April 09, 2013. In case the same is not received within ten days, investors may contact the Registrar at the address given below.

Commencement of Trading: The Equity Shares Allotted to successful applicants has been credited on April 09, 2013 to the beneficiary accounts subject to validation of the account details with the depositories concerned. The Equity Shares of the Company are expected to be listed and admitted for trading on NSE - Emerge platform with effect from April 12, 2013.

Investors please note: The details of the allotment made has been hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at Website: www.karisma.karvy.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 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:

Karvy Computershare Private Limited
46, Avenue 1, Street No.1, Banjara Hills, Hyderabad - 500 034, Andhra Pradesh.
Tel.: +91 - 40 - 4465 5000; Fax: +91 - 40 - 2343 1551
Email: opal.ipo@karvy.com; Investor Grievance ID: opal.ipo@karvy.com
Website: www.karisma.karvy.com; Contact person: Mr. M. Murli Krishna

Place: Pune Date : April 10, 2013	For OPAL LUXURY TIME PRODUCTS LIMITED On behalf of Board of Directors Sd/- Managing Director

Opal Luxury Time Products IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Opal Luxury Time Products IPO .

The Opal Luxury Time Products IPO basis of allotment (published above) tells you how shares are allocated to you in Opal Luxury Time Products IPO and category wise demand of IPO share.

Visit the Opal Luxury Time Products IPO allotment status page to check the number of shares allocated to your application.

In Opal Luxury Time Products IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Opal Luxury Time Products IPO basis of allotment document to know how the shares are allocated in Opal Luxury Time Products IPO.

Opal Luxury Time Products IPO Basis of Allotment

Opal Luxury Time Products IPO Basis of Allotment FAQs

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