Ortel Communications IPO Basis of Allotment

ORTEL COMMUNICATIONS LIMITED

Ortel Communications Limited (the 'Company') was incorporated under the Companies Act, 1956 as 'Ortel Communications Limited', a public limited company pursuant to a certificate of  incorporation dated June 2,1995 issued by the Registrar or Companies, National Capital Territory of Delhi and Haryana ('RoC')   and received the certificate for commencement of business on  July 19.1995.

Registered Office: B-7/122A, Safdarjang Enclave, New Dethi - 110   029,  India; Telephone: +91 11 4686 8800: Facsimile: +91 11 4686 880,. For further details in relation to change in our Registered Office, see the section tilled 'History and Corporate Structure' on page 162 of the Prospectus dated March 11,2015 ('Prospectus'). Corporate Office: C-1, Chandrasekharpur, Near BDA Colony, Behind RMRC. Bhubaneswar - 751 016, Odiasa, India. Telephone: +91 674 3983  200/2303 464/3911 200; Facsimile +91 674 2303 448. Contact Person and Compliance Officer: Mr Lalit Kumar Mohanty; Telephone: +91 674 3911 358: Facsimile: +91 674 2303 448. Email: ipo@ortelgroup.com: Website: www.ortelcom.com
Corporate Identity Number: U74899DL1995PLC069353

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 9,652,500 *EQUITY SHARES OF FACE VALUE OF RS.10 EACH ('EQUITY SHARES') OF ORTEL COMMUNICATIONS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS.181 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.171 PER EQUITY SHARE, AGGREGATING UPTO Rs.1,747.10 MILLION ('THE ISSUE').

*As per Prospectus dated March 11, 2015, Based on finalization of  Basis- of Allotment, the final Issue Size aggregated to 9,593,850 Equity Shares aggregating to Rs. 1,736.49 million, consisting of a Fresh Issue to the public of 6,000,000 Equity Shares aggregating upto Rs.1,086.00 million and an Offer For Sale of 3,593,850 Equity Shares by the Selling Shareholder aggregating to Rs. 650.49 million.

ISSUE PRICE: RS. 181 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.
THE ISSUE PRICE IS 18.1 TIMES THE FACE VALUE
ANCHOR INVESTOR ISSUE PRICE: RS.181 PER EQUITY SHARE

BID/ISSUE: OPENED ON TUESDAY, MARCH 3, 2015
CLOSED ON  THURSDAY, MARCH 05,2015

The Anchor Investor Bid/Issue Period was March 2,2015

PROMOTERS OF OUR COMPANY: MR. BAIJAYANT PANDA, MS. JAGI MANGAT PANDA, PANDA INVESTMENTS PRIVATE LIMITED AND UMSL LIMITED

Pursuant to Rule 19(2)(b)(i) of  the Securities Contracts Regulation Rules, 1957, as amended ('SCRR') read with Regulation-41 of the SEBI Regulations, the Issue was made for at least 25% of the post-Issue capital. The Issue was made through the Book Building  Process in compliance with the provisions of Regulation 26(2) of the Securities and Exchange Board of India (Issue of  Capital and Disclosure Requirements) Regulations,. 2009, as amended  (the 'SEBI Regulations'), wherein at least 75% of the Issue (i.e., 75% of 12,000,000 Equity Shares as originally envisaged in the Red Herring Prospectus) was allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs').  Our Company and the Selling Shareholder, in consultation with the Book Running Lead Manager, allocated 28.42% of the QlB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third was available for allocalion to domestic Mutual Funds only.

All investors. other than an Anchor Investor and Retail, were required to participate in this Issue through the Application Supported by Blocked Amount ('ASBA') process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Allotment amongst other conditions mentioned in the Prospectus, is being undertaken upon receipt of Bids equivalent to at least 25% of the Issue (including Bids received under the Anchor Investor Portion) from Mutual Funds and/or insurance companies registered with IRDA. Specific attention is invrited to the section tilted 'issue Procedure' on page 371 of the Prospedus.

The Issue received 3479 applications for 9693075 Eqiriy Shares (prior to technical rejections) resulting in 0.9949 times subscription as disclosed in Prospectus. The details of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIBs excluding Anchor Investors and Anchor Investors are as under (before technical rejections);