Richa Knits IPO Basis of Allotment

RICHA KNITS LIMITED

Registered Office: Plot no. 5, Sector 7, IMT Manesar, Gurgaon -122050 Tel : 91-124-2290703/04, 4175800,
Fax: 91-124-2290211, Web site: www.richaknits.com
Contact Person: Mr. Sanleev Sharma, Compliance Officer & Company Secretary,
Tel: 91-124-2290704 Email: cs@richaknits.com

Public Issue of 90,00,000 equity shares (including promoters participation of 15 lacs equity shares at issue price) of face value Rs.10/- each of Richa Knits Limited at a price of Rs. 30/-for cash.
The issue price is 3 times of the face value.

BASIS OF ALLOTMENT

The Board of Directors of Riche Knits Ltd. ('The Company') wish to thank all the Investors for their response to our Public Issue. The basis of allotment has been finalized in consultation with Bombay Stock Exchange Ltd. (BSE) on September 29, 2006 and the equity shares have been allotted as per details given below: Public Issue was opened for subscription on September13, 2006 and closed on September19, 2006.

The basis of allotment of equity shares after considering the technical rejections to the following categories are as follows:

Resident Indian Public- Retail Category

Resident Indian Public- Non Institutional : A sample of Category-wise allotment is as under:

Full and firm allotment as been made NRIs/FIIs andEmployees for the valid applications.Undersubscription from Employee category has been spilled over and added to NRIs/ Flls category. Undersubscription after interse adjustment in reserved categories has been adjusted towards subscription of Resident Indian Public category.

The dispatch of refund orders/ECS/RTGS Credit and allotment advice cum allotment due money notice has been completed on September 30, 2006. The credit in respect of allotment in dematerialized form in Central Depository Services India Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) to the valid beneficiary accounts has been executed on 3rd &4th October, 2006 respectively.

Shareholders may please note that as mentioned in the Allotment advice cum allotment due money notice, the balance allotment due money @ Rs.15/- per equity share for the partly paid up shares has to be paid latest by October 30, 2006. The Shareholders may also kindly note that revised details of the designated collection centers for acceptance of the balance allotment due money as given below has been communicated separately to the individual shareholders vide our letterdated 5.10.2006.

ICICI Bank Limited: Ahmedabad (JMC House), Anand (Vallabh Vidyanagar), Agra (Sanjay Place), Amritsar (Lawrence Road), Allshabad (Sardar Patel Mang), Bangalore (Commissariat Road), Bhopal (Alankar Palace Near Pragati Petrol Pump), Bhubaneshwar (Opp Sriya Talkies), Bhavnagar (Waghawadi Road), Belgaum (Tilakwadi), Channai (Uthamar Gandhi Salai, Nungambakkam High Road), Cochin (M.G.Road), Coimbatore (Trichy Road), Chandigarh (Sector 9-D), Delhi (Connaught Place), Dehradun (Rajpur Road, Dilaram Bazar), Faridabad (SCF No. 58, Sector 15), Gandhidham (Plat No 341, Ward 12/13), Guntur (Lakshmipuram Main Road), Gurgaon (HUDA Shopping Centre, Sector-14), Gowahati (Shanti Complex, G S Road), Hubli (Travellers Bungalow Road), Hyderabad (TGV Mansions, Opp. Institution of Engineers), Indore (M.G.Road), Jamnagar (P N. Marg), Jaipur (Subhash Marg, Near Ahimsa Circle), Jalandhar (G.TRoad), Jodhpur (Bhansali Complex, Residency Road), Kanpur (J.S Towers), Kolkatta (R N Mukherjee Road), Kota (Jhalawar Road), Lucknow ( M G Road), Ludhiana (Feroze Gandhi Market), Mangalore (Panje Mangesh Rao Road), Meerut (Hapur Road), Mysore (Aishwarya Arcade, 9th Cross, Kalidasa Road), Mumbai (30, Mumbai Samachar Marg), Nagpur (Palm Road), Noida (Sector 18, Gautam Buddh Nagar), Nasik (Utility Centre, Sharanpur Road), Patna (Exihibition Road), Panaji (Swami Vivekanand Road), Pune - Bund Garden, Raipur (Choubey Colony, G. E. Road), Rajkot (Babubhai Shah Marg), Ranchi (Main Road near Ratanlal Petrol Pump), Surat (Lal Bungalow, Athwa Lines), Trichur (Shornur Road), Udaipur (Madhubani, 2-C), Vadodara (Race Course Circle), Vapi (VIA House, GIDC cross Roads), Valsad (Tithal Road), Varanasi (Gyanvapi Chowk), Vishakapatnam (Dwarkanagar), Vijayawada (M G Road), Thiruvanthopuram (M G Road) HDFC Bank Ltd: Himatnagar (Durga Oil Mill Compound), Kapurthala (Mall Road), Phagwara (G.T Road), Ankleshwar (S A Motors Building), Bharuch(Near Octroi Naka, Link Road), Daman (Teen Batti), Mehsana (Near Raj Kamal Petrol Pump), Navsari (Station Road, Sandh Kuva)

The company has already submitted the listing application to the BSE on 3rd October 2006 and other formalities regarding listing of equity shares are in the process of completion.

Investors please note that the allocation made would be available on the website of the Registrar to the issue at www.intmespectrum.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, whose address is furnished below, quoting application number, full name of the first/sole applicant, number of shares applied, payment details and Bank/branch where the application has been lodged

Intime Spectrum Registry Limited
C-13 Pannalal Silk Mills Compound, LBS Marg, Bhandup West, Mumbai - 400078
Tel: +912596-0320 Fax: +9125960329
Website: www.intimespectrum.com E-mail: richaipo@intimespectrum.COM