Rishabhdev Technocable IPO Basis of Allotment

RISHABHDEV TECHNOCABLE LIMITED

(The Company was incorporated as Rishabhdev Technocable Ltd. on November 24,1994 under the Companies Act, 1956. The Company has shifted its registered office from 9, R.N.P House, Azad Road, Gundavli, Andheri (East), Mumbai-400 069 to its present address with effect from February 15, 2008.)

Registered and Corporate Office: Unit No. 53, 1st Floor, Jagat Satguru Industrial Estate,
Vishveshwar Nagar Road, Goregoan (East), Mumbai-400 063.
• Tel.: +91-22-2876 9059 • Fax: +91-22-2877 1669.
• Contact Person: Mr. Ranabir Sanyal, Company Secretary and Compliance Officer
• Website: www.rtclcables.com • E-mail: fpo@rtclcables.com

BASIS OF ALLOCATION

ISSUE PRICE: RS.33/-  PER EQUITY SHARE OF THE FACE VALUE OF RS.10/- EACH THE ISSUE PRICE IS 3.3 TIMES OF THE FACE VALUE

This Issue is being made through 100% Book Building Process wherein upto 50% of the Net Issue to the Public will be available for allocation to Qualified Institutional Buyers ('QIB') on a proportionate basis, subject to valid bids being received at or above the Issue Price. Out of the portion available for allocation to the QIBs, 5% will be available for allocation on proportionate basis to Mutual Funds only. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. Further, at least 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Net Issue to the 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.

The Board of Directors of the Company wishes to thank all the Investors for their response to the Public Issue which opened on June 4,2009 and closed on June 9,2009. The Net Issue to Public received 24,754 valid applications for 5,08,93,400 Equity Shares resulting in 7.42 times subscription.

The details of the valid applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors categories are as under:

Final Demand
A sample of the final demand at different bid prices is as under:

Note: the above analysis is based on electronic bids.
The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on June 19,2009. Details of valid applications received and allotment done as under:

A) Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors including ASBA applicants, who have bid at cut-off or at the Issue Price of Rs. 33/- per Equity Share, was finalized in consultation with BSE, The category was subscribed to the extent of 8.933770 times. The total number of shares allotted in this category is 42,56,418 Equity Shares to 14,765 successful applicants including Spill over from QIB category of 18,56,575 Equity Shares. The category-wise details of the Basis of Allocation are as under,

B) Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs. 33/- per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 6.633989 times. The total number of shares allotted in this category  is 18,23,850 Equity Shares to 167 successful applicants including Spill over from QIB category of 7,95,675. The category-wise details of the Basis of Allocation (Sample) are as under:

C) Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available Equity Shares 7,75,000 to 3 successful applicants on proportionate basis. The Unsubscribed portion (26,52,250 Equity shares) is spilled over to Non Institutional Investors category and Retails Individual Investor category in the ratio of 30:70).

The Meeting of the Board of Directors of the Company held at Registered and Corporate Office, Mumbai on June 19,2009 has approved the basis of allocation of shares and has allotted the shares to various successful applicants.

The Can-cum-Refund Orders and ECS/RTGS/NEFT/Direct Credit Intimation has been dispatched on June 23,2009 to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue, at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have 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, Jaipur Stock Exchange and Pune Stock Exchange within seven working days from the date of approval of the basis of allocation.
INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Mondkar Computers Private Limited, at www.mondkarcomputers.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, 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:

Mondkar Computers Pvt. Ltd.
25, Shakil Niwas, Opposite Satya SaiBaba Temple, Mahakali Caves Road, Andheri(E), Mumbai-400 093
Tel: +91-022-28207203-05,28257641, Fax: +91 -022-28207207
Webside: www.mondkarcomputers.com, E-Mail: rtcl_ipo@mondkarcomputers.com
Contact Person: Mr. Ravindra Utekar

The level of subscription should not be taken to be indicative of either the market price of the equity share on listing or the business prospectus of Rishabhdev Technocable Limited.