RPP Infra IPO Basis of Allotment

R.P.P. INFRA PROJECTS LTD.

Our Company was originally incorporated as R.P.P.Constructions (Private) Limited on May 4,1995 under the Companies Act, 1956. Subsequently the name of our Company was changed to R.P.P. Infra Projects Private Limited on November 27,2009. Our Company was subsequently converted to a public limited company pursuant to a Special Resolution passed at the Shareholders Meeting held on January 21,2010. Our Company was issued a Fresh Certificate of Incorporation by the Registrar of Companies, Coimbatore on March 8,2010.
Registered Office: P and C Tower, 140, Perundurai Main Road, Erode 638 011, India. For changes in the registered office, please see the section titled 'History and Certain Corporate matters' beginning on page 123 of the Prospectus. Telephone: + 91 424 225 9022 Facsimile: +91 424 225 3130
Contact Person: Ms. S. Saritha, Company Secretary and Compliance Officer;
Email: ipo@rppipl.com; Website: www.rppipl.com

BASIS OF ALLOTMENT

Promoters of .our Company: Mr. R Arul Sundaram and Ms. A. Nithya
This Issue was being made through the 100% Book Building Process wherein upto 50% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds and the remaining QIB portion shall be available for allocation on proportionate basis to all QIBs, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 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 Issue was opened for subscription on Thursday, November 18,2010 and closed on Monday, November 22,2010. The Issue has received 13789 applications for 16088640 Equity Shares resulting in 2.48 times subscription. The details of the Applications received in the Issue (before technical rejections) are as under:-

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

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ('BSE') on 30th November, 2010.

A. Allocation to Retail Individual Investors (Including ASBA Applications)(After Technical Rejections)
The Basis of Allocation to the Retail Investors, who have bid at cut off price or at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The category was oversubscribed by 2.36 times. After adjusting spillover from Employee Category and QIB Category to the extent of 1948688 Equity Shares, a total of 40,84,272 Equity Shares (including 584 excess shares due to rounding off) were allotted to 13278 applicants in this category. The category-wise details of the Basis of Allotment are as under:

B. Allocation to Non Institutional Investors (including ASBA Applications)(After Technical Rejections)
The Basis of Allocation to the Non-Institutional investors, who have bid at the Issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. This category was over subscribed by 2.96 times. After adjusting spillover from Employee Category and QIB Category to the extent of 835152 Equity Shares, a total of 1750152 Equity Shares were allotted to 27 applicants in this category. The category-wise details of the Basis of Allotment are as under:

C. Allocation to QIBs (including ASBA Applications)
The Basis of Allocation to Qualified Institutional Bidders has been finalized on full and firm basis in consultation with BSE. As per the SEBI Regulations, Mutual Funds were to be initially allocated 5% of the quantum of Equity Shares available, i.e., 5% of 3167400 (Including spillover from Employee Category to the extent of 117400 equity shares) which comes to 158370 equity shares. However, there were no applications from Mutual Funds. The category was subscribed to the extent of 0.16 times and the total number of successful applications are 4. The unsubscribed portion of this category is spill over to Retail Category (1866508 Equity Shares) and Non Institutional Category (799932 Equity Shares) in the ratio of 70:30 respectively.

D. Allocation to Employees (including ASBA Applications) (After Technical Rejections)
The Basis of Allocation to the Employee, who have bid at cut off or at the issue price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. This category was subscribed to the extent of 0.41 times. The total number of shares allotted in this category is 165200 Equity Shares to 64 applicants. The unsubscribed portion of this category is spill over to QIB Category (117400 Equity Shares), Retail Category (82180 Equity Shares) and Non Institutional Category (35220 Equity Shares) in the ratio of 50:35:15 respectively. The Category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on November 30,2010 have taken on record the basis of allotment of the equity shares of the issue and have accordingly allotted equity 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 Bidders, as registered with the depositories on or prior to December 02,2010. Further, the instructions to Self Certified Syndicate Banks have been dispatched/ mailed on or prior to December 02,2010. In case the same is not received within 10 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.

Commencement of Trading: The Equity 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 December 06,2010.

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Cameo Corporate Services Limited at www.cameoindia.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid Cum Application Form, number of equity shares bid for, name of the member of the Syndicate, place where the bid was submitted and payment details at the address given below.

CAMEO CORPORATE SERVICES LIMITED

Subramanium Building # 1, Club House Road, Chennai 600 002, India. Telephone: +91 44 2846 0390,
Facsimile: +91 44 2846 0129 Email: rppipo@cameoindia.com, Website: www.cameoindia.com,
Contact Person: Mr. R.D. Ramaswamy, SEBI registration number: INR000003753