Our Company was originally constituted as a partnership firm under the Indian Partnership Act, 1932 on January 22,1966 under the name and style of Saurabh Potteries & Ceramics with its principal place of business at Indore. Since then, the partnership was reconstituted from time to time by way of admission of new partners or resignation of the then existing partners. With effect from March 1,1993, the name of the partnership was changed to Naviska Packaging and a fresh partnership deed was executed. Thereafter, pursuant to the provisions of section 567 of Part IX of the Companies Act, 1956, Naviska Packaging was converted into a private limited company, Naviska Packaging Private Limited, on April 8,1993. The name of our Company was changed to Giltpac International India Private Limited w.e.f. June 29,2001. The name of our Company was again changed to Naviska Packaging Private Limited w.e.f. January 01,2003. Our Company was converted into a public limited company and the name was changed to Flexituff International Limited w.e.f. April 25,2003. For further details in relation to the corporate history of our Company including changes in name and the registered office, please refer to the section "History and Certain Corporate Matters" beginning on page 154 of the Prospectus.
Registered Office: 2nd floor, Main Building, 19, R.N. Mukherjee Road, Kolkata 700 001, West Bengal.
Tel: +91 33 4005 3995, Fax: +91 33 2231 2510. Corporate Office: C 41 -50, Sector 3, Special Economic Zone, Pithampur, Dist. Dhar 454 775, Madhya Pradesh. Tel: +917292 401681 -83, Fax: +917292 401684; Contact Person: Mr. Dinesh Kumar Sharma, Company Secretary and Compliance Officer, Tel: +917292 401681 -83, Fax +917292 401684, Email: investors@flexituff.com, Website: www.flexituff.com

Promoters of our Company: Kalani Industries Private Limited, Miscellani Global Private Limited and Sanovi Trading Private Limited

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 6,750,000 EQUITY SHARES OF FACE VALUE RS. 10 EACH OF FLEXITUFF INTERNATIONAL LIMITED ("FIL" OR OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 155/- PER EQUITY SHARE ("ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 145/- PER EQUITY SHARE) AGGREGATING TO RS. 1,046.25 MILLION COMPRISING OF A FRESH ISSUE OF 4,500,000 EQUITY SHARES OF 710 EACH AT A PRICE OF RS. 155/- PER EQUITY SHARE AGGREGATING TO 7697.50 MILLION ("FRESH ISSUE") AND AN OFFER FOR SALE OF UPTO 2,250,000 EQUITY SHARES 0F RS. 10 EACH AT A PRICE 0F RS. 155/- PER EQUITY SHARE AGGREGATING TO RS. 348.75 MILLION BY CLEARWATER CAPITAL PARTNERS (CYPRUS) LIMITED (THE "SELLING SHAREHOLDER") ("OFFER FOR SALE"). THE FRESH ISSUE AND THE OFFER FOR SALE ARE TOGETHER REFERRED TO AS THE "ISSUE". THE ISSUE WILL CONSTITUTE 31.09% OF THE POST ISSUE PAID UP CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 15.5 TIMES OF THE FACE VALUE.

The Equity Shares of the Company are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on October 19,2011.

IPO Grading: This issue has been graded by Credit Analysis & Research Limited as 3/5, indicating average fundamentals. The IPO Grade is assigned on a five-point scale from 1 to 5, with IPO grade 5/5 indicating strong fundamentals and IPO grade 1/5 indicating poor fundamentals. For details, please refer to the section "General Information- IPO Grading" on page 55 and "Annexure l" of the prospectus.

The Issue is being made pursuant to Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("ICDR Regulations"), through the 100% Book Building Process wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Company may, in consultation with the Book Running Lead Manager, allocate up to 30% of the QIB Portion to Anchor Investors* at the Anchor Investor Issue Price, on a discretionary basis, out of which atleast one-third portion will be available for allocation to domestic Mutual Funds only. 5% of the Net QIB Portion (as defined in the section "Definitions and Abbreviations") 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 including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders ("NIB") and not less than 35% of the 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. Non-Institutional Bidders and Qualified Institutional Buyers (except Anchor Investors), will mandatorily participate in this Issue through the Application Supported by Blocked Amount ("ASBA") process by providing details of the relevant bank accounts in which the corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks ("SCSBs"). Retail Individual Bidders may at their option participate through the ASBA process. For details, please refer the section "Issue Procedure" beginning on page 437 of the Prospectus.

* Our Company has not considered the option of allocation to / participation by Anchor Investors

The Issue opened for subscription on September 29,2011 and closed on October 5,2011 (for QIB bidders on October 4,2011). The Issue received 4,473 applications for 6,949,600 Equity Shares resulting in 1.0296 times subscription. The details of the applications received in the Issue from Retail Individual Investor, Non-Institutional Investors and Qualified Institutional Bidders are as under: (Before technical rejections)

	Category	No. of Applications	No. of Shares	No. of times subscription
A	Retail Individual Bidders	4,444	3,664,080	1.5509
B	Non-Institutional Bidders	21	1,569,320	1.5499
C	Qualified Institutional Bidders	8	1,716,200	0.5085
	Total	4,473	6,949,600

The under subscribed portion of 1,796,720 shares in QIB category has been spilled over to Retail and NIB category in the ratio of 70:30.

Final Demand
The final demand at different bid prices is as under:

Bid Price	No. of Equity Shares	% to Total	Cumulative Total	Cumulative % to total
145	142,000	1.804	142,000	1.804
146	80	0.001	142,080	1.805
147	280	0.004	142,360	1.809
148	80	0.001	142,440	1.810
150	4,040	0.051	146,480	1.861
153	120	0.002	146,600	1.863
154	80	0.001	146,680	1.864
155	4,142,080	52.627	4,288,760	54.490
9,999	3,581,920	45.510	7,870,680	100.000
TOTAL	7,670,680	100.000

The Basis of Allocation was finalized in consultation with BSE on October 12,2011.

A. Allocation to Retail Individual Investors (After Technical Rejections) including ASBA Applications

The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.155 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 1.0029 times. The total number of shares allotted in Retail Individual Investor category is 3,620,204 Equity Shares to 4,368 successful applicants. As per the Red Herring Prospectus, the spill over portion from QIB Category (1,257,704 Equity Shares) were allotted on proportionate basis. The category-wise details of the Basis of Allotment are (sample) as under:

Category	No. of Applications	% to Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allocated	Ratio	Total No. of Equity Shares allotted
40	791	18.11	31,640	0.87	40	1:1	31,640
80	232	5.31	18,560	0.51	80	1:1	18,560
120	106	2.43	12,720	0.35	120	1:1	12,720
160	63	1.44	10,080	0.28	160	1:1	10,080
200	85	1.95	17,000	0.47	199	1:1	16,915
320	62	1.42	19,840	0.55	319	1:1	19,778
360	13	0.30	4,680	0.13	359	1:1	4,667
400	23	0.53	9,200	0.25	399	1:1	9,177
520	6	0.14	3,120	0.09	519	1:1	3,114
600	18	0.41	10,800	0.30	598	1:1	10,764
720	6	0.14	4,320	0.12	718	1:1	4,308
800	8	0.18	6,400	0.18	798	1:1	6,384
920	1	0.02	920	0.03	917	1:1	917
1,000	8	0.18	8,000	0.22	997	1:1	7,976
1,200	10	0.23	12,000	0.33	1,197	1:1	11,970
1,280	2,490	57.01	3,187,200	87.79	1,276	1:1	3,177,240
1,280					1	7:24	726

B. Allocation to Non Institutional Investors (After Technical Rejections). All the applications in this category were made under the ASBA process.

The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 155 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 1.0115 times. The total number of Equity Shares allotted in this category is 1,551,516 Equity Shares to 21 successful applicants. As per the Red Herring Prospectus, the spill over portion from QIB Category (539,016 Equity Shares) were allotted on proportionate basis. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications	% to Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allocated	Ratio	Total No. of Equity Shares allotted
3,200	1	4.76	3,200	0.20	3,164	1:1	3,164
3,840	1	4.76	3,840	0.24	3,796	1:1	3,796
6,440	1	4.76	6,440	0.41	6,367	1:1	6,367
10,320	1	4.76	10,320	0.66	10,203	1:1	10,203
11,000	1	4.76	11,000	0.70	10,875	1:1	10,875
11,280	1	4.76	11,280	0.72	11,152	1:1	11,152
15,480	1	4.76	15,480	0.99	15,304	1:1	15,304
20,000	1	4.76	20,000	1.27	19,773	1:1	19,773
34,000	1	4.76	34,000	2.17	33,614	1:1	33,614
64,000	1	4.76	64,000	4.08	63,274	1:1	63,274
64,480	3	14.29	193,440	12.33	63,749	1:1	191,247
64,520	1	4.76	64,520	4.11	63,788	1:1	63,788
100,000	1	4.76	100,000	6.37	98,865	1:1	98,865
112,000	1	4.76	112,000	7.14	110,729	1:1	110,729
129,000	1	4.76	129,000	8.22	127,536	1:1	127,536
150,000	1	4.76	150,000	9.56	148,298	1:1	148,298
193,400	2	9.52	386,800	24.65	191,206	1:1	382,412
254,000	1	4.76	254,000	16.19	251,119	1:1	251,119

C. Allocation to QIBs (After Technical Rejections). All the applications in this category were made under the ASBA process.

Allocation to QIBs has been done on firm basis in consultation with BSE. As per the SEBI regulations, Mutual Funds and other QIBs were allocated the available shares (1,578,280 Equity Shares) to the successful applicants.

Category	Flls	Banks	Total
No of Equity Shares	1,320,240	258,040	1,578,280

The under subscribed portion of 1,796,720 Equity Shares have been spilled over to Non-Institutional and Retail Category.

The Board of Directors of the company at it's Meeting held on October 13,2011, has taken on record the basis of allocation of shares approved by the Designated Stock Exchange viz. BSE, Mumbai, of the Issue and has authorized the Corporate Action for the transfer/ credit of the shares to various successful applicants. The CAN-cum-Ref und Orders and allotment advice and/ or notices have been dispatched on October 14,2011 to the address of the investors 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 Account details as registered, if any, with the depositories. Further, the instruction to the SCSBs for unblocking of funds has been sent by the Registrar to the Issue on October 13,2011 .The Company has filed the Listing Applications with BSE and NSE on October 14,2011. The shares allocated to successful applicants have being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (ASBA): Investors may apply through the ASBA process. ASBA can be availed by all the investors except Anchor Investors. Qualified Institutional Buyers and Non-Institutional Bidders have to compulsorily apply through ASBA. The investor is required to fill the ASBA Form and submit the same to their SCSB or to the members of the Syndicate, including sub-syndicate members, (who would forward the ASBA Form to the respective SCSBs after placing the Bid on behalf of the investor). On receipt of the application directly or through the members of the Syndicate, including sub-syndicate members, the SCSB, in turn will block the Bid Amount in the ASBA Account as per the authority contained in ASBA Form and undertake other tasks as per the specified procedure. On Allotment, amount will be unblocked and account will be debited only to the extent required to be paid for Allotment of Equity Shares. Hence, there will be no need of refunds. ASBA Forms can also be downloaded from the websites of BSE and NSE. ASBA Form can be obtained from the list of SCSBs that is available on the website of SEBI at www.sebi.gov.in. For details about ASBA, please refer to the details given in ASBA Form, abridged prospectus and the section "Issue Procedure" beginning on page 437 of the Prospectus.

INVESTORS PLEASE NOTE
The details of the allocation made are hosted on the website of Registrar to the Issue, Link Intime India Private Limited at their website: www.linkintime.co.in
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 /ASBA Form, number of shares bid for, name of the member of the Syndicate /SCSB and place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Mara, Bhandup (West), Mumbai 400 078.
Tel.: +91 22 2596 0320; Fax: +9122 2596 0329; Email ID: flexituff.ipo@linkintime.co.in

For Flexituff International Limited
On behalf of the Board of Directors
Sd/-
Managing Director
October 17,2011