Aqua Logistics IPO Basis of Allotment

This is only an advertisement for information purposes and not a prospectus announcement.

(Our Company was originally incorporated as Aqua Logistics Private Limited on September 20, 1999 under the Companies Act 1956 vide Certificate of Incorporation bearing registration number 11 -121803 Issued by the Registrar of Companies, Mumbai. Our Company was converted into a public limited company vide fresh Certificate of Incorporation dated March 05, 2009 and subsequently the name of our Company was changed to 'Aqua Logistics Limited'. Our Company has been allocated Corporate identification Number U63090MH1999PLC121803. For details of changes to our Registered office, please refer to the chapter titled 'History and Other Corporate Matters' beginning on page 123 of the Prospectus).

Registered Office: 5th Floor, B-Wing, Trade Star Building, Andheri Kurla Road, Andheri (East), Mumbai - 400 059, Maharashtra, India. Tel: +91 22 6777 200;
Fax: +91 22 2835 3976; Contact Person: Mr. Bhupendra N. Shah, Company Secretary and Compliance Officer:
E-mail: ipo@aqualogistics.com; Website: www.aqualogistics.com

ISSUE PRICE: RS. 220/- PER EQUITY SHARE OF FACE VALUE OF RS.10/- EACH. THE ISSUE PRICE IS 22 TIMES OF THE FACE VALUE

This Issue was made through a 100% Book Building Process wherein not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. 5% of the QIB Portion shall be available for allocation on proportionate basis to Mutual Funds only and the remaining Net QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid bids being received at or above Issue Price. Further, not less than 15% of the Issue shall be available for allocation on a proportionate basis to Non institutional Bidders 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.

The Issue received 22,715 applications for 1,22,15,650 equity share resulting in 1.78 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and retail Individual Investor categories are as under: (Before technical rejections)

Final Demand
A Summary of the final demand as per BSE and NSE as on the Bid/Issue closing date at different bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on February 11. 2010. The Board of Directors of the Company at its Meeting held at Mumbai, on February 11, 2010, allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail individual investors, who have bid at cut-off or at the issue price of Rs215/- per Equity Share (after at a discount of Rs.5/-  per equity share), was finalized in consultation with BSE. The category was over subscribed 1.67 times. As per the Prospectus, the spill over portion from QIB Category was 18,78,049 equity shares and additional 30,360 Equity Shares were allotted due to Retail discount of Rs. 5/- per equity share. The total number of equity shares allotted in this category is 43,13,908 Equity Shares to 21,228 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections)
The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 220/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 2.09 times. As per the Prospectus, the spill over portion from QIB Category was 8,04,877 equity shares and additional 13,013 equity shares ware allotted due to Retail discount of Rs. 5/- per share. The total number of equity shares allotted in this category is 18,48,817 to 55 successful applicants. All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.

C. Allotment to QIBs (After Technical Rejections)
The Basis of Allotment to QIBs was done on a proportionate basis in consultation with BSE. No Mutual Funds applications were received in the Issue. The total number of equity shares allotted in this category is 7,53,500 to 7 successful applicants. The spill over portion to the extent of 26,82,926 equity shares has been added to the Retail Category (18,78,049 Equity Shares), Non Institutional Investors (8,04,877 Equity Shares).

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 68 centers specified by SEBI. For other applicants Refund orders have been dispatched to there address 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 Mandate details as registered, if any, with the depositories. The 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 The National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allotment.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated February 04, 2010 ('Prospectus').

INVESTORS PLEASE NOTE: This details of the allotment made would be hosted on the website of Registrars to the Issue, Unit Intime India Private Limited at http://www.linkintime.co.in.
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 bid-cum-application form, number of shares bid for, name of the Member of the Syndicate 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. LBS Marg, Bhandup (West), Mumbai - 400 078. Tel No: +91 22 25960320; Fax No: +91 22 25960329, Website: www.linkintime.co.in;
Email: aqua-ipo@linkintime.co.in

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF AQUA LOGISTICS LIMITED.