Orient Green IPO Basis of Allotment

Orient Green Power Company Limited

Our Company was incorporated under the Companies Act, 1956 on December 6,2006 in Chennai, Tamil Nadu. It was granted the certificate for commencement of business on January 8,2007 by the Registrar of Companies, Chennai, Tamil Nadu. For further details in relation to the corporate history of our Company and change in its Registered Office, see "History and Corporate Structure" on page 147 of the Prospectus..
Registered Office: Third Floor, Egmore Benefit Society Building, 25 Flowers Road, Chennai 600 084, Tamil Nadu. Corporate Office: No. 9, Vanagaram Road, Ayyanambakkam, Chennai 600 095, Tamil Nadu. Telephone: -1-9144 4542 8801; Facsimile: + 91 44 4542 8804 Contact Person and Compliance Officer: Mr. R. Sridharan; Telephone: + 91 44 2653 3109; Facsimile: + 91 44 2653 0732 E-mail: complianceofficer@orientgreenpower.com;
Website: www.orientgreenpower.com

BASIS OF ALLOTMENT

Pursuant to Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulations 26(2) and 41(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), this, being an Issue for at least 25% of the post-Issue share capital, is being made through the Book Building Process wherein at least 50% of the Issue shall be AHoted to Qualified Institutional Buyers ("QIBs"). If at least 50% of the issue cannot be Allotted to QIBs, then the entire application money will be refunded.
Our Company has, in consultation with the BRLMs, allocated up to 30% of the QIB Portion on a discretionary basis to Anchor Investors at the Anchor Investor Price, out of which at least one-third was available for allocation to domestic Mutual Funds only. In the event of under-subscription or non-Allotment in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. For further details, see "Issue Procedure" on page 307 of the Prospectus. Such number of Equity Shares representing 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. In the event of under-subscription in the Mutual Fund Portion, the balance Equity Shares in the Mutual Fund Portion will be added to the Net QIB Portion and allocated to the QIBs (including Mutual Funds) on a proportionate basis, subject to valid Bids being received from them at or above the Issue Price. Not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. Any Bidder may participate in this Issue though the ASBA process by providing the details of the bank accounts in which the corresponding Bid amounts will be blocked by the SCSBs. Specific attention of investors is invited to "Issue Procedure" on page 307 of the Prospectus.
The Company has allotted 24,545,375 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs.47 in accordance with the SEBI Regulations. The Issue received 21,449 applications for 202,598,625 equity shares resulting in 1.0580 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investor, Retail Individual Investor and Anchor Investors categories are as under: (Before technical rejections)

Final Demand
The final demand at different bid prices as per BSE and NSE (excludina duplicate Bids) on the Bid Closing Date is as under:

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on October 5,2010.

A. Allocation to Retail Individual Investors (After Technical Rejections) (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. 47 per Equity Share, was finalized in consultation with BSE. This category has been under subscribed to the extent of 0.1617 times. The total number of shares allotted in Retail Individual Investor category is 10,839,875 Equity Shares to 20,787 successful applicants. As per the Red Herring Prospectus, the under subscribed portion of 56,181,401 equity shares have been spilled over to QIBs. The category-wise details of the Basis of Allotment are as under:

B. Allocation to 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. 47 per Equity Share, was finalized in consultation with BSE. This category has been under subscribed to the extent of 0.5932 times The total number of shares allotted in this category is 17,039,750 Equity Shares to 66 successful applicants. As per the Red Herring Prospectus, the under subscribed portion of 11,683,654 equity shares have been spilled over to QIBs. The category-wise details of the Basis of Allotment are (Sample) under:

C. Allocation to QIBs (Excluding Anchor Investors but Including ASBA Appllcatlons)
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (6,953,218 Equity Shares), including Spill over from Retail and Non Institutional Category to the extent of 3,393,252 Equity Shares and other QIBs were allotted the remaining available shares (132,111,143 Equity Shares) on proportionate basis, including Spill over from Retail and Non Institutional Category to the extent of 64,471,803 Equity Shares.

D. Allocation to Anchor investors

The Company allotted 24,545,375 Equity Shares to 8 Anchor Investors in consultation with the Book Running Lead Managers.
The IPO Committee of the Board of Directors of the Company at its Meeting held on October 5,2010 has taken on record the basis of allocation of shares approved by the Designated Stock Exchange viz., Bombay Stock Exchange Limited of the Issue and has allotted the shares to the various successful applicants. The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on October 6, 2010. In case the same is not received within ten 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 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 and National Stock Exchange of India Limited on October 8,2010.

INVESTORS PLEASE NOTE

These details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at Website: www.linkintime.co.in
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-appllcation 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:

Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400078
Tel.: + 91 22 2596 0320, Fax: + 91 22 2596 0329, Email ID: ogpcl.ipo@linklntime.co.in