Sejal IPO Basis of Allotment

SEJAL GLASS
THE SIXTH ELEMENT
SEJAL ARCHITECTURAL GLASS LIMITED

Our Company was incorporated as 'Sejal Architectural Glass Private Limited' vide Certificate of incorporation dated december 11,1998 under the Companies Act 1956, our Company was subsequwtly converted to a public limited company vide fresh certificate of  incorporation dated march 08,1999. For details of changes in our registered office please refer section titled 'OurHistory and Other corporate Matters' begning on page 132 ot the Prospectus
Registered Office: 201/202,2nd floor, Abhilasha, S.V. Road, Kandivali (West), MumbaJ-400067, Tel: +91 -22-2863 3384/85/96/97; Fax+91-22-2863 3390; E-mail: ipo@sejalglass.co.in; Website: www.sejalglass.com, Contact Person: Mr. Ashwin S. Shetty, Company Secretary and Compliance Officer

This Issue was made through the 100% Book Building Process wherein at least 50% of the Net Issue shall be mandatorily allocated on a proportionate basis to QIBs as specified in the Disclosure and Investor Protection Guidelines, 2000 of the Securities and Exchange Board of India (SEBI). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. If at least 50% of the Net Issue cannot be allocated to QIB Bidders, then the entire money will be refunded. Further, upto 15% of the Net Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and upto 35% of the Net Issue 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 received 44762 applications for 86635140 Equity Shares resulting in 9.42 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor categories are as under: (Before technical rejections)

Final Demand
A sample of 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 June 21, 2008. The Board of Directors of the Company at its Meeting held at Mumbai, on June 21,2008, allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 115/- per Equity Share, was finalized in consultation with NSE. The category was over subscribed 7.69 times. The total number of equity shares allotted in this category is 3217984 to 33514 successful applicants. 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 Non Institutional Investors, who have bid at the Issue Price of Rs. 115 per Equity Share, was finalized in consultation with NSE. The category was over subscribed 30.53 times. The total number of equity shares allotted in this category is 1379093 to 128 successful applicants. The category wise details of the Basis of Allocation are as under (Sample):

Applicants from 960 & onwards in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.

C. Allocation to QlBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (2,29,854) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (43,67,224) on proportionate basis.

The Board of Directors of the company at it's Meeting held at Mumbai on June 21,2008 have approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund instructions and Listing details

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 68 centers specified by SEBI. 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 is taking steps to get the equity shares admitted for trading on the 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 made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.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:

INTIME SPECTRUM REGISTRY LIMITED
C-13, Pannalal Silk Mills Compound, LBS Marg
Bhandup West, Mumbai - 400 078.
Tel: 91 22 2596 0320 Fax: 91 22 2596 0329
Email: sagl.ipo@intimespectrum.com

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 PROSPECTS OF SEJAL ARCHITECTURAL GLASS LIMITED