Tara Jewels IPO Basis of Allotment

Tara Jewels Limited

Our Company was incorporated as a private limited company underthe Companies Act, 1956 by the name 'Tara Ultimo Private Limited' on March 16,2001. Consequent to the merger of Tara Jewels Export Private Limited and T Two lnternational Private Limited with our Company, as approved by the Bombay High Court by its order dated January 23,2009, and resolution of our shareholders, the name of our Company was changed to 'Tara Jewels Private Limited' and a fresh certificate of incorporation was granted by the Registrar of Companies, Mumbai ('RoC') on March 25,2009. Subsequently, the name of our Company was changed to 'Tara Jewels Limited' and our Company was converted into a public limited company and a fresh certificate of incorporation consequent to change of name was granted on September 23,2010 by the RoC. For further details in this regard, see section titled 'History and Certain Corporate Matters' at page 128 of the Prospectus.
Registered Office: Plot No. 122,15th Road, Near IDBI Bank, MIDC, Andheri (East) Mumbai - 400 093, India. Telephone: +9122 6641 7777; Facsimile: +91 22 66417712. Corporate Office: Plot No. 29(P) & 30(P), Sub Plot A, SEEPZ, SEZ, Andheri (East) Mumbai-400 096, India. Telephone: +9122 6677 4444; Facsimile: +9122 6677 4464; Contact Person and Compliance Officer: Mr. Amol Raje; Telephone: +9122 6677 4461; Facsimile: +91 22 6677 4464; E-mail: investor.care@tarajewels.co.in; Websites: www.tarajewels.in and www.tarajewellers.in

PUBLIC ISSUE OF 7,804,347 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF TARA JEWELS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 230 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 220 PER EQUITY SHARE, AGGREGATING TO RS. 1,795 MILLION 'THE 'ISSUE') COMPRISING OF A FRESH ISSUE OF 4,760,869 EQUITY SHARES BY OUR COMPANY AGGREGATING TO RS. 1,095 MILLION '('FRESH ISSUE') AND AN OFFER FOR SALE OF 3,043,478 EQUITY SHARES BY FABRIKANT H.K. TRADING LIMITED ('SELLING SHAREHOLDER') AGGREGATING TO RS. 700 MILLION' ('OFFER FOR SALE'). THE ISSUE INCLUDES A RESERVATION OF UP T01 % OF THE ISSUE SIZE CONSTITUTING 78,043 * EQUITY SHARES FOR THE ELIGIBLE EMPLOYEES (THE 'EMPLOYEE RESERVATION PORTION'). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE SHALL CONSTITUTE 31.78 % AND 31.46% OF THE POST-ISSUE PAID UP CAPITAL AND 31.13% AND 30.82% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF OUR COMPANY, RESPECTIVELY.

*Based on actual allotment # The under subscription in the Employee Reservation Portion of 68,093Equity Shares was added back to the Net Issue
BID/ISSUE OPENED ON NOVEMBER 21,2012 AND CLOSED ON NOVEMBER 23,2012

The Issue is being made through the Book Building Process in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations'), wherein not more than 50% of the Net Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'). Our Company may, in consultation with the Book Running Lead Managers, allocate up to 30% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third will be available for allocation to domestic Mutual Funds only. In the event of under-subscriptjon or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 135,210 Equity Shares, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the Net QIB Portion and allocated proportionately to QIBs in proportion to their Bids. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to Retail Individual Bidders in accordance with SEBI Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, up to 1 % of the Issue size, constituting 78,043 Equity Shares shall be available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received at or above the Issue Price. All Investors other than Anchor Investors may participate in this Issue though the ASBA process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Specific attention is invited to section titled 'Issue Procedure' at page 346 of the Prospectus.
The Issue received 9,969 applicatons for 14,625,650 Equity Shares resulting in 1.874 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional Bidders, Retail Individual Bidders, Anchor Investors and Eligible Emplovees as under: (before technical rejections)