Redington IPO Basis of Allotment

REDINGTON (INDIA) LIMITED

(The Company was incorporated as G. Kewalram Private Limited on May 2,1961 with the Registrar of Companies, Maharashtra. On December 9,1981, the name of the Company was changed to Kewalram Private Limited and subsequently to Redington (India) Private Limited on April 28,1987. The registered office of the Company was transferred to Chennai, Tamil Nadu by the Company Law Board's order dated July 13,1994. The name was changed to Redington (India) Limited with effect from October 01,1996 with the Registrar of Companies, Tamil Nadu on which date the Company became a public limited company. Subsequently, on January 10,2002. the word 'Private* was inserted in the name of the Company pursuant to Section 43A (2A). The word 'private' was deleted from the name of the Company pursuant to Section 44 (a) of the Companies Act, 1956, and the Company became a public company with effect from March 15,2002)

Registered Office: SPL Guindy House, 95, Mount Road, Guindy, Chennai 600 032. Tel: +91 44 2235 3313/4224 3535; Fax: +9144 2235 2790, Website: www.redingtonindia.com. Corporate office: SPL Guindy House, 95, Mount Road, Guindy, Chennai 600 032. Tel: +9144 22353313/ 42243535, Fax: +9144 22352790.
Contact person and compliance officer: Mr. M. Muthukumarasamy,
Tel: + 91 44 39181300, Fax: + 91 44 39181333, Email: investors@redington.co.in

BASIS OF ALLOTMENT

PUBLIC ISSUE 0F 13,231,000 EQUITY SHARE8 OF RS. 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF R8.113/-PER EQUITY SHARE, AGGREGATING RS. 1,495.10 MILLION. THE ISSUE SHALL CONSTITUTE 16.99% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF THE COMPANY.

ISSUE PRICE: RS. 113/- PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.
THE ISSUE PRICE IS 11.3 TIMES OF THE FACE VALUE

In terms of Rule 19 (2)(b) of the Securities Contract Regulation Rules, 1957 this being an Issue for less than 25% of the post-Issue capital, the Issue was being made through the 100% Book Building Process wherein at least 60% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'), out of which 5% shall be available for aBocatlon on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QiBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price, if at least 60% of the Net Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, up to 10% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the Net Issue will be 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 received 107262 appplications for 574987260 equity shares resulting In 43.46 times subscription. The details of the applications received In the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investors categories are as under (Before technical rejections):

Final Demand
The final demand at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ('NSE') on February 6,2007.

A) Allocation to Retail Investors
The Basis at Allocation to the Retal Investors, who have bid at cut-off or at the Issue Price of Rs.113/-par Equity Share, was finalized in consultant with NSE. The category was subscribed 11.40 times. The total numbe of snares allotted in this category is 3969310 Equity Shares. The category-wise Basis of Allocation (Sample) are as under:

B) Allocation to Non Institutional investors
The Basis of Allocation to the Non institutional, who have bid at the Issue Price of Rs 113/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 41.12 times. The total number of shares allotted in this category is 1323090 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under

C) Allocation to Qualified Institutional Buyers
Allocation to QIBs have been done on a proportionate basis in consultation with the National Stock Exchange Limited. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (396930) and other QIBs and unsatisfied demands of Mutual funds were allotted the remaining available shares (7541670) on proportionate basis. Mutual Funds were allotted 19.32% for QIB segment and other OIB applicants were allotted 80.68% of the shares for QIB segment.

The IPO committee at its Meeting held at Chennai on February 6,2007 has approved the basis of alocation of shares of the Issue and has allotted the shares to various successful applicants.

The Refund Orders and allotment advice and notice has been dispatched to the address of the investors as registered with the depositories. 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 wit the Bank Mandate 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 National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation mads would be hosted on the website of Registrars to the Issue, Cameo Corporate Service Limited at www.cameoindia.com

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-Application form, DPID, Client ID, 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:

CAMEO CORPORATE SERVICES LIMITED
'Subramanian Building', No. 1, Club House Road, Chennai 600 002, India
Tel: +91 44 28460390, Fax: +91 4428460129, Email: redington@cameoindia.com, Website: www.cameoindia.com

THE LEVEL OF SUBCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF REDINTON(INDIA) LIMITED