VA Tech IPO Basis of Allotment

(Our Company was incorporated as a public limited company called Balcke Durr Cooling Towers Limited on February 17, 1995 at Chennai. Our Company received a certificate of commencement of business on March 8, 1995. The name of our Company was changed to Balcke Durr and Wabag Technologies Limited on September 12, 1996 by a special resolution of the members dated July 29, 1996. The name of our Company was further changed to VA Tech Wabag Limited on April 4, 2000 by a special resolution of the members dated March 10, 2000. Registered and Corporate Office: No.11, Murray's Gate Road, Alwarpet, Chennai 600 018, Tamil Nadu. Contact Person: S. Ramasundaram, Company Secretary and Compliance Officer Tel:+91 44 4223 2411, Fax:+91 44 4223 2324, Email: companysecretary@wabag.in
Website: www.wabag.com

The Issue is being made through the 100% Book Building Process wherein not more than 50% of the Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs'), 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allocation on a proportionate basis to all QIB Bidders, Including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue will be available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than-35% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.

Potential Investors may participate In this Issue through an Application Supported by Blocked Amount ('ASBA') process providing details about the bank account which will be blocked by the Self Certified Syndicate Bank for the same. All Bidders (other than Anchor Investors) can participate through the ASBA process. The Issue received 185,672 applications for 114,211,470 Equity Shares resulting In 31.66 times subscription. . The details of the applications received In the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors and Anchor Investor categories are as under: (Before technical rejections)

Final Demand:
A summary of the final demand as per the BSE arid the NSE as on the Bid/ Issue Closing Date at different aids is as detailed hereunder:

The basis of allocation was finalized in consultation with the Designated Stock Exchange, being the National Stock Exchange Limited ('NSE') on October 11th, 2010.

A. Allocation to Retail Individual Investors (Including Applications Supported by Blocked Amount ('ASBA'))
(After Technical Rejections)

The basis of allocation to the Retail Individual Investors, who have Bid at cut-off or above the Issue Price of Rs.1,310/- per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 8.47 times and hence Allotment was done on full and firm basis to all valid applicants. There were 28491 applications for 1486430 Equity Shares made under ASBA process. Of these 28002 applications for 1469370 Equity Shares were found valid and they were considered for Allotment. The total number of shares Allotted in Retail Individual Investor category Is 1,262,654 Equity Shares which were Allotted to 153,856 successful applicants, The sample of 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 the Non-Institutional Investors, who have Bid at or above the Issue Price of Rs.1,310/- per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 101.24 times. Overall 439 applications for 541,138 Equity Shares were found valid and they were considered for Allotment. The sample of category-wise details of the basis of allocation are as under:

C. Allocation to QIBs
The basis of allocation to the Qualified institutional Bidders, who have Bid above the Issue price of Rs.1,310/- per Equity Share was finalized on the price priority basis. Overall 107 applications for 43545710 Equity Shares were found valid and the quantum of shares Allotted to this category Is 1262653 and on proportionate basis.

D. Anchor Investors

The Company Allotted 541,136 Equity Shares to 26 Anchor Investors in consultation with the Lead Managers. The IPO Committee of the Board of Directors of the Company at its Meeting held at Chennai on 11th October, 2010: has approved the basis of allocation of Equity Shares In the Issue and has accordingly Allotted the Equity Shares to the Bidders.
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 11.10.2010. Further, the Instructions to Self Certified Syndicate Banks have been dispatched on or prior to 11.10.2010. 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. 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 within seven working days from the date of approval of the basis of allocation.

All future correspondence In this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, 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:

Karvy Computershare Private Limited
Unit: VA Tech Wabag Limited
Plot No. 17 to 24, Vithalrao Nagar, Hitech City Road,
Madhapur, Hyderabad - 500 081,
Fax: 040-23420814
Email: einward.ris@karvy.com

TOLL FREE-HELPLINE NUMBER
1-800-3454001