Lumax IPO Basis of Allotment

LUMAX AUTO TECHNOLOGIES LIMITED

(The Company was originally incorporated as Lumax Auto-Electricals Private Limited on October 30, 1981 under the Companies Act, 1956 with Registration No.U31909MH1981PLC025519.The name of the company was changed to Dhanesh Auto Electricals Private Limited on November 02, 1988. Subsequently, it was converted into public limited company as 'Dhanesh Auto Electricals Limited' and the Registrar of Companies, Pune, Maharastra had issued a fresh certificate of incorporation on May 30, 2002.There after the name of the Company was changed to Lumax Auto Technologies Limited on August 02, 2006)
Registered Office B Corporate Office: W-230, 'S' Block, M.I.D.C. Bhosari, Puns - 411026.
Tel.: +91-20-27128074, 27122305, Fax: +91-20-27121871, Website: www.lumaxautotech.com,
Contact Person: Mr. P.S. Chandrasekar, Compliance Officer & Company Secretary, Email: info@lumaxautotech.com

BASISOF ALLOTMENT

PUBLIC ISSUE OF 30,12,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT A ISSUE PRICE OF Rs.75/- PER EQUITY SHARE INCLUSIVE OF PREMIUM AGGREGATING TO Rs. 2259.00 LAKHS.THE FACE VALUE OF THE EQUITY SHARES IS Rs.10/- PER EQUITY SHARE AND THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE.THE ISSUE WOULD CONSTITUTE 25.90% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF LUMAX AUTO TECHNOLIGIES LIMITED.

The Board of Directors of Lumax Auto Technologies Limited wish to thank the investing public for their response to the Company's maiden Public Issue which opened for subscription on Thursday, 14th December, 2006 and closed on Thursday, 21st December, 2006. The Basis of Allotment was finalised in consultation with Bombay Stock Exchange Limited on 09th January, 2007. The Issue received 13,238 applicatons for 1,00,09,760 equity shares resulting. in 3.323 times subscription and 30,12,539 equity shares has been allotted due to rounding off by the Board, at its Meeting held on 09th January, 2007 as mentioned below. The details of valid applications received in the issue from the Retail and Non-retail investor categories after rejection and withdrawals are as under:

A. Allocation to Retail Investors
The Basis of Allotment to the Retail investors was finalized in consultation with BSE. The Company received 13,158 valid applications for 44,99,440 equity shares in this category resulting in an over subscription of 2.99 times. The total number of shares allotted in this category is 15,06,539 Equity shares. We have retained 539 excess shares in Retail category due to rounding off. The category-wise detail of the allotment is as under:

B. Allocation to Non Retail Investor:
The Basis of Allotment to the Non Institutional Investors was finalized in consultation with BSE. The Company received 80 valid applications for 55,10,320 equity shares in this category resulting in an over subscription of 3.66 times. The total number of shares allotted in this category is 15,06,000 Equity shares. A sample of category-wise details of the allotment is as under:

The Board of Directors of the Company at its meeting held at B - 86, Mayapuri, Industrial Area, New Delhi on January 09, 2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.

The refund orders have been dispatched to the address of the investors as registered with the depositories. 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 Mandate details as registered, if any, with the depositories. The shares allocated to successful applicants are credited to their beneficiary accounts subject to validations of the account details with the depositories concerned. The Company is taking steps to get the equity shares allotted for trading on The Bombay Stock Exchange Limited (BSE) and The National Stock Exchange India Limited (NSE), within seven working days from the date of approval of the Basis of allocation.

INVESTOR PLEASE NOTE
This details of the allocation made are being hosted on the website of Registrars to the Issue, Bigshare Services Private Limited at www.bigshareonline.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 Application Form, Number of shares applied for, Name of the Broker and Place where the application was submitted and payment details at the address given below:

Bigshare Services Pvt. Ltd.
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andhed (E), Mumbai - 400 072.
Tel: +91-22-2847 3747, Fax: +91-22-2847 5207
E-mail: bigshare@bom7.vsnl.net.in, Website^: www bigshareonline.com

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF LUMAX AUTO TECHNOLOGIES LIMTED