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March 3, 2015 - March 5, 2015

Ortel Communications IPO Basis of Allotment

ORTEL COMMUNICATIONS LIMITED

Ortel Communications Limited (the 'Company') was incorporated under the Companies Act, 1956 as 'Ortel Communications Limited', a public limited company pursuant to a certificate of  incorporation dated June 2,1995 issued by the Registrar or Companies, National Capital Territory of Delhi and Haryana ('RoC')   and received the certificate for commencement of business on  July 19.1995.

Registered Office: B-7/122A, Safdarjang Enclave, New Dethi - 110   029,  India; Telephone: +91 11 4686 8800: Facsimile: +91 11 4686 880,. For further details in relation to change in our Registered Office, see the section tilled 'History and Corporate Structure' on page 162 of the Prospectus dated March 11,2015 ('Prospectus'). Corporate Office: C-1, Chandrasekharpur, Near BDA Colony, Behind RMRC. Bhubaneswar - 751 016, Odiasa, India. Telephone: +91 674 3983  200/2303 464/3911 200; Facsimile +91 674 2303 448. Contact Person and Compliance Officer: Mr Lalit Kumar Mohanty; Telephone: +91 674 3911 358: Facsimile: +91 674 2303 448. Email: ipo@ortelgroup.com: Website: www.ortelcom.com
Corporate Identity Number: U74899DL1995PLC069353

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 9,652,500 *EQUITY SHARES OF FACE VALUE OF RS.10 EACH ('EQUITY SHARES') OF ORTEL COMMUNICATIONS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS.181 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS.171 PER EQUITY SHARE, AGGREGATING UPTO Rs.1,747.10 MILLION ('THE ISSUE').

*As per Prospectus dated March 11, 2015, Based on finalization of  Basis- of Allotment, the final Issue Size aggregated to 9,593,850 Equity Shares aggregating to Rs. 1,736.49 million, consisting of a Fresh Issue to the public of 6,000,000 Equity Shares aggregating upto Rs.1,086.00 million and an Offer For Sale of 3,593,850 Equity Shares by the Selling Shareholder aggregating to Rs. 650.49 million.

ISSUE PRICE: RS. 181 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.
THE ISSUE PRICE IS 18.1 TIMES THE FACE VALUE
ANCHOR INVESTOR ISSUE PRICE: RS.181 PER EQUITY SHARE

BID/ISSUE: OPENED ON TUESDAY, MARCH 3, 2015
CLOSED ON  THURSDAY, MARCH 05,2015

The Anchor Investor Bid/Issue Period was March 2,2015

PROMOTERS OF OUR COMPANY: MR. BAIJAYANT PANDA, MS. JAGI MANGAT PANDA, PANDA INVESTMENTS PRIVATE LIMITED AND UMSL LIMITED

Pursuant to Rule 19(2)(b)(i) of  the Securities Contracts Regulation Rules, 1957, as amended ('SCRR') read with Regulation-41 of the SEBI Regulations, the Issue was made for at least 25% of the post-Issue capital. The Issue was made through the Book Building  Process in compliance with the provisions of Regulation 26(2) of the Securities and Exchange Board of India (Issue of  Capital and Disclosure Requirements) Regulations,. 2009, as amended  (the 'SEBI Regulations'), wherein at least 75% of the Issue (i.e., 75% of 12,000,000 Equity Shares as originally envisaged in the Red Herring Prospectus) was allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs').  Our Company and the Selling Shareholder, in consultation with the Book Running Lead Manager, allocated 28.42% of the QlB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third was available for allocalion to domestic Mutual Funds only.

All investors. other than an Anchor Investor and Retail, were required to participate in this Issue through the Application Supported by Blocked Amount ('ASBA') process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Allotment amongst other conditions mentioned in the Prospectus, is being undertaken upon receipt of Bids equivalent to at least 25% of the Issue (including Bids received under the Anchor Investor Portion) from Mutual Funds and/or insurance companies registered with IRDA. Specific attention is invrited to the section tilted 'issue Procedure' on page 371 of the Prospedus.

The Issue received 3479 applications for 9693075 Eqiriy Shares (prior to technical rejections) resulting in 0.9949 times subscription as disclosed in Prospectus. The details of the applications received in the Issue from Retail Individual Bidders, Non-Institutional Bidders, QIBs excluding Anchor Investors and Anchor Investors are as under (before technical rejections);

Category No. of Applications No. of Equity Shares No. of times Subscription*
A Retail Individual Bidders 403575 0.3363
B Non-Institutional Bidders 175050 0.0973
C Qualified institutional Buyers {excluding Anchor Investors) 6467025 1 0038
D Anchor Investors 2557425 1.0000
Total 9603075 0.9949

* Based On Prospectus

Final Demand

A summary the final demand at different bid prices is as under:

Bid Price

No. of Equity Shares

% to Total

Cumulative Total

Cumulative % of Total

181 3417750 47.93 3417750 47.93
182 1425 0.02 3419175 47.95
183 450 0.01 3419625 47.96
184 225 0.00 3419850 47.96.
185 3075 0 04 3422925 43.00
186 75 0.00 3423000 48.00
187 2673900 37.50 6096900 85.50
189 150 0.00 6097050 85.50
190 3000 0.04 6100050 85.54
191 450 0.01 6100500 85.55
192 75 0.00 6100575 85.55
194 150 0.00 6100725 85 55
195 225 0.00 6100950 85.56
198 75 0.00 6101025 85.56
200 611250 8.57 6712275 94.13
CUTOFF 418575 5.87 7130850 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on March 12,2015.

A. Allocation to Retail Individual Bidders (After Technical Rejections)

The Basis of Allotmem to the Retail Individual Bidders, who have Bid at cut-off or at the Issue Price of Rs 181 per Equity Share, was finalized in consultation with the NSE.  This category has been subscribed to the extent of 0.328625 times, The total number of Equity Shares Allotted in Retail Individual Bidders cattegory is 394350 Equity Shares to 3362 successful applicants. The category-wise details of the Basis of Allotmentare are as under.

Category No. of
Applications
Received
% of
Total
Total No. of
Equity Shares
applied
% to
Total
No of Equity
Shares allotted
per applicant
Ratio Total No. of
Equity Shares
allotted
75 2826 84.12 212100 53.78 75 1:1 212100
150 236 7.02 35400 8.98 150 1:1 35400
225 78 2.32 17550 4.45 225 1:1 17550
300 67 1.99 20100 5.10 300 1:1 20100
375 14 0.42 5250 1.33 375 1:1 5250
450 29 0.86 13050 3.31 450 1:1 13050
525 20 0.59 10500 2.66 525 1:1 10500
500 6 0.24 4800 1.22 600 1:1 4800
G75 3 0.09 2025 0.51 675 1:1 2025
750 14 0.42 10500 2.66 750 1:1 10500
625 2 0.06 1650 4.42 825 1:1 1650
900 2 0.06 1800 0.46 900 1:1 1300
975 59 1.75 57525 14.59 975 1:1 57525
1050 2 0.06 2100 0.53 1050 1:1 2100
TOTAL 3362 100.00 394350 100.00 394350

B. Allocation to Non-Institutional Bidders (After Techmical Rejections)

The Basis of Allotment to the Non-institutional Bidders, who have bid at the Issue Price of rs.181 per Equriy Share or above, was finalized in consultation with the BSE. This category hss been subscribed to the extent of 0.097250 times. The total number of Equity Shares allotted in this category is 175050 Equity Shares to 8 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No.of
Applications
Received
% to
Total
Total No. of
Equity Shares
applied
% to
Total
No. of Equity
Shares
allottedper applicant
Ratio Total No of
Equity
Shares allotted
1125 1 12.50 125 0.64 1125 1:1 1125
2550 1 12.50 2550 1.46 2550 1:1 2550
3975 1 12.50 3975 2.27 3975 1:1 3975
9975 1 12.50 9975 5.70 9975 1:1 9975
10950 1 12.50 10950 6.26 10950 1:1 10950
24975 1 12.50 24975 14.27 24975 1:1 24975
54975 1 12.50 54975 31.41 54975 1:1 54975
66525 1 12.50 65525 38.00 65525 1:1 65525
TOTAL 8 100.00 175050 100.00 175050

C. Allocation to QIBs (excluding Anchor Investors)

Allotment to QIBs, who have bid the Issue Pnce of rs181 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.0036 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equriy Shares of Net QlB portion available i.e. 443659 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 6023366 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in he QIB category is 54,67,025 Equity Shares, which were allotted to 11 successful Applicants.

Category Fls/Banks MFs ICs VCs AIF Fll Total
No. Of Shares 2673750 883350 2209950 - - 699975 6467025

D.Allocation to Anchor Investors

The Company and Selling Shareholder have allotted 25,57.425 Equity Shares to 3 Anchor Investors, In consultation with the BRLM. In accordance ™ih ihe SEBi Regulations, this represents 23.42% of the OIB Portion.

The IPO Commiltee of our Company at its meeting held on Marth 12,2015 has taken On record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Retond Orders and Allotment Advice have been dispatched to the address of the investors as registered with the depositories on March 13.2015 Further, instructions to the SCSBs have been dispatched/mailed on March 12.2015. In case he same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refuse Advices have been over-printed with the bank account details as registered, if any with the depositaries. The Equity Shares allotted to the successful allottees have been uploaded on March 13, 2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. OurCompany is taking steps to get the Equity Shares admitted for trading on the BSE and NSE within 12 working days of the closure of the Issue.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue. Karvy Computershare Pnvate Limited at http://www.karisma.karvy.com
All Future correspondence in this regard may kindty 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

Plot No 17-24, Vittal Rao Nagar. Madhapur. Hyderabad 500 061. Andhra Pradesh, India
Tel: (91 40) 4465 5000. Fax- (9140} 2343 1551. Email: ortel.ipo@karvy.com
Investor Grievance email: einward.ris@karvy.com Website: www.karvy.com
Contact Person: Mr. M. Murali Krishna SEBI Registration No.: INR000000221

Place: Bhubaneshwar
Date: March 16, 2015
For ORTEL COMMUNICATIONS LIMITED
On behalf of Board of Directors
Sd/-
Managing Director

Ortel Communications IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Ortel Communications IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Ortel Communications IPO basis of allotment (published above) tells you how shares are allocated to you in Ortel Communications IPO and category wise demand of IPO share.

Visit the Ortel Communications IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Ortel Communications IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).