Tirupati Inks FPO Basis of Allotment

This is only an advertisement for information purposes and not a Prospectus announcement

Tirupati Inks Limited

(Our Company was incorporated as S P Leasing Limited on April 10,1984 in New Delhi as Public Limited Company under the Companies Act, 1956. The name of the company was changed to Jyotiragamaya Promoters Limited on May 1,2008. Subsequently, the name of our company was changed to Tirpuati Inks Limited on March 27,2009 pursuant to the Scheme of Amalagamation approved by the Honourable High Court of Delhi on November 19,2008. For details in change in the name of our company and our registered office, see the section titled' History and Certain Corporate Matters' beginning on page no 70 of the prospectus)

Registered Office: B-4, UNESCO Apartments, Plot No 55, I.P Extension, Patparganj, Delhi -110 092
Telefax: 011 - 4753 1013
Corporate Office: A-1/33, Dada Nagar Industral Area, Kanpur - 208 022. Tel: +91-512-221 6926,222 3024,
Fax: +91-512-223 4201;
Email: fpo@tirupatiinks.com Web site: www.tirupatiinks.com
Contact person: Ms Garima Vishnoi, Company Secretary and Compliance Officer;
E-mail: complianceofficer@tirupatiinks.com

BASIS OF ALLOTMENT

ISSUE PRICE: Rs.43/- PER EQUITY SHARE OF FACE VALUE OF Rs.10/- EACH
The Issue Price is 4.3 times of the face value

This Issue was made through 100% Book Building Process wherein atleast 50% of the Net Issue to the Public will be available for allotment 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 to Mutual Funds. Mutual Funds Bidders shall also be eligible for proportionate allocation under the balance available for the QIBs. If atleast 50% of the Net Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. 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 opened for subscription on September 14,2010 and closed for QIB on September 16,2010 & except for QIB on September 17,2010. The Issue received 22977 applications for 85529550 Equity Shares resulting in 9.20 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors categories are as under:
(Before technical rejections)

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

Note: the above analysis is based on electronic bids.

The Basis of Allotment was finalized in consultation with.Bombay Stock Exchange Limited ('BSE') on September 27, 2010. Details of valid applications received and allotments done are as under:

A) Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Application)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.43 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 12.08 times. The total number of shares allotted in this category is 32,55,000 Equity Shares to 18661 successful applicants. The category-wise details of the Basis of Allocation are as under:

B) Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Application)
The Basis of Allocation to this category, who has bid at the Issue Price of Rs.43 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 22.89 times. The total number of shares allotted in this category is 13,95,000 Equity Shares to 47 successful applicants. The category-wise details of the Basis of Allocation are as under:

C) Allocation to QlBs (Including ASBA Application)
The Allotment to QIBs has been done on proportionate basis. As per the SEBI guidelines, Mutual Funds were to be initially allocated 5% of the quantum of shares available i.e. 2,32,500 however there were no applications from Mutual Funds. The category was subscribed to the extent 1.86 times and the total number of successful applicants are9.

The Board of Directors of the company at it's Meeting held at Kanpur on September 27,2010 has approved the basis of allocation of shares approved by BSE and has authorised the Corporate action for the transfer of the Shares to various successful applicants.

The CAN cum Refund Orders and NECS/RTGS/NEFT/Direct Credit Intimation has been dispatched on September 29, 2010 to the same 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 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 on or before October 01,2010.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Beetal Financial & Computer Services Private Limited at www.beetalfinancial.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:

Beetal Financial & Computer Services Private Limited
Beetal House, 3rd Floor, 99 Madangir, Behind Local Shopping Centre, New Delhi-110 062
Phone: 91-11-2996 1280-83 Fax: 91-11-2996 1284
Email:tirupati_ipo@beetalfinancial.com