Sanghvi Forging IPO Basis of Allotment

SANGHVI FORGING & ENGINEERING LTD.

(Our Company was incorporated on March 16,1989 underthe provisions of the Companies Act, 1956 as Sanghvi Forging and Engineering Private Limited in Gujarat. Pursuant to a special resolution passed by the shareholders of our Company at the extra-ordinary general meeting held on April 28,1992 our Company was converted into a public limited company and consequently the name of our Company was changed to Sanghvi Forging and Engineering Limited. A fresh certificate of incorporation reflecting the new name was issued by the Registrar of Companies, Gujarat on July 29,1992.The Corporate Identification Number of our Company is U28910GJ1989PLC012015. For details of changes in our registered office, please refer to the chapter titled 'History and Other Corporate Matters' on page no. 99 of the Prospectus.

Registered Office: 244/6-7, GIDC Industrial Estate, Waghodia-391 760, Vadodara, Gujarat, India. Tel. No: + 91 -2668-263020/262201; Fax No: + 91 -2668-263411 E-mail: cs@sanghviforge.com; Website: www.sanghviforge.com; Contact Person: Mr. Kiran Mohanty, Company Secretary and Compliance Officer

PUBLIC ISSUE OF 4341195 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 85/- PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 75/- PER EQUITY SHARE) FOR CASH AGGREGATING TO RS. 3690.02 LACS (THE 'ISSUE'), BY SANGHVI FORGING AND ENGINEERING LIMITED (THE 'COMPANY' OR THE 'ISSUER'). THE ISSUE WILL CONSTITUTE 34.2% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

ISSUE PRICE: RS. 85/- PER EQUITY SHARE OF FACE VALUE OF RS. 10/- EACH

This Issue was made through a 100% Book Building Process wherein not more than 50% of the Issue was to be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. 5% of the QIB Portion was available for allocation on proportionate basis to Mutual Funds only and the remaining Net QIB portion was available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid bids being received at or above Issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue was 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 3388 applications for 5601470 equity shares resulting in 1.29 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)

Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being The Bombay Stock Exchange Limited ('BSE') on May 18,2011 The Board of Directors of the Company at its Meeting held at Vadodara, on May 19,2011 allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allotment to Retail Individual Investors, including ASBA applications (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 85/-per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.36 times. As per the Prospectus, the spill over portion from QIB Category was 15,19,418 equity shares and 89,398 from Non Institutional Category. The total number of equity shares allotted in this category is 31,28,235 Equity Shares to 3037 successful applicants. There were 929 applications for 2,98,480 equity shares under ASBA process. Out of the valid ASBA applications, 1,94,988 equity shares were allotted to 757 successful ASBA applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors, including ASBA applications (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 85/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.93 times after considering spill-over from QIB Category. As per the Prospectus, the spill over portion from QIB Category was 6,51,179 equity shares. The total number of equity shares allotted in this category is 12,12,960 to 40 successful applicants. All the applicants in this category have been given firm allotment. There was one application under ASBA process for 11,340 equity shares and was allotted in full.

C. Allotment to QIBs (After Technical Rejections)
There was no allotment to QIBs in this issue as no applications were received from QIBs. The spill over portion to the extent of 15,19,418 equity shares have been added to the Retail Investor Category and 6,51,179 equity shares have been added to the Non Institutional Investors category.

Dates of dispatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Refunds have been made through NECS and Direct credit, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address 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 with 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 has obtained listing and trading permission from Bombay Stock Exchange Limited and National Stock Exchange of India Limited and trading in the equity shares of the company will commence with effect from May 23, 2011.

INVESTORS PLEASE NOTE
This details of the allotment made have been hosted on the website of Registrars to the Issue, Bigshare Services Private Limited at www.bigshareonline.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:

Bigshare Services Private Limited
SEBI Registration No: INR000001385
E/2, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri (East), Mumbai - 400 072.
Tel No: +91 22 4043 0200, Fax No: +91 22 2847 5207
Website: www.bigshareonline.com, Email: sanghvi@bigshareonline.com