June 9, 2008 - June 12, 2008

Avon Weighing IPO Basis of Allotment

AVON WEIGHING SYSTEMS LIMITED

[The Company was incorporated on 04/03/1999 as Avon Weighing Systems Private Limited under the Companies Act, 1956, with Registration Number 11-118640. The Company was converted into Public Limited Company with effect from 25/05/2004 with its name as Avon Weighing Systems Limited.]

Registered Office: 15,2nd Floor, B Wing, Kamal Kunj, S.V. Road, Irla Bridge, Andheri (W), Mumbai - 400058
Tel.: (022) 6684049/ 66804040; Fax: (022) 26717475; E-mail: anita_v@aws.co.in ; Website: www.aws.co.in
Contact Person: Mrs. Anita Vyas, Company Secretary & Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,37,33,033 EQUITY SHARES OF Rs. 10/- EACH OF AVON WEIGHING SYSTEMS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT PAR (I.E. AT A PRICE OF RS. 10/- PER SHARE) AGGREGATING TO RS. 1,373.30 LACS (HEREIN AFTER REFERRED TO AS THE 'ISSUE') COMPRISING OF PROMOTERS CONTRIBUTION OF 38,96,633 EQUITY SHARES OF FACE VALUE OF RS. 10/- FOR CASH AGGREGATING TO RS. 389.66 LACS (HEREIN AFTER REFERRED TO AS THE 'PROMOTERS CONTRIBUTION'). THE NET OFFER TO THE PUBLIC IS OF 98,36,400 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT PAR AGGREGATING TO RS. 983.64 LACS (HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE WOULD CONSTITUTE 59.33% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY

THE ISSUE PRICE IS SAME AS THE FACE VALUE OF RS. 10/-

The Board of Directors thank the investing public for their overwhelming response to the Public Issue which opened for subscription on June 09,2008 and closed on June 12,2008. The Company has received 48,122 valid applications aggregating to 43,99,88,500 Equity Shares. Out of the total valid applications received, 47,935 applications were in Retail category for 24,68,68,500 Equity Shares and 187 applications were in Non-Retail category for 19,31,20,000 Equity Shares. The Public issue was over subscribed by 44.82 times in Retail category and 44.62 times in Non-retail category.

In terms of the prospectus dated May 27,2008 and also as per trie guidelines issued by SEBI, a minimum of 50% of the net issue to the Public Issue shall be available for allotment to Retail Individual Investors and balance of the net issue to the public shall be available for allotment to individual applicants other than Retail Individual Investors and other investors including Corporate Bodies/ Institutions irrespective of number of shares applied for The Basis of Allotment has been approved by the Bombay Stock Exchange Limited (BSE,-Designated Stock Exchange) on June 27,2008.

The details of the valid applications received in Retail Individual Investors and Non-Retail Investors categories are as under (after technical rejections):

S.No.	Category	No. of Applications	No. of Shares	Subscription (No. of times)
A	Retail Applicants	47,935	24,68,68,500	44.82
B	Non-Retail Applicants	187	19,31,20,000	44.62

A. Allotment to Retail individual Investors
The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 10/- per Equity Share, was finalized in consultation with the BSE. This category has been over-subschbed to the extent of 44.82 times. The total number of Equity Shares allotted in this category is 55,08,500 Equity Shares. The category-wise details, of the Basis of Allotment are as under

Category	No. of Applications	% to Total	Total No. of shares applied	% to Total	No.of shares allotted	Ratio	Total No. of shares allotted
500	7,862	16.40	3,93,31,000	1.59	500	2:89	88,000
1,000	5,682	11.85	56,82,000	2.30	500	3:67	1,27,000
1,500	2,112	4.41	31,68,000	1.28	500	5:74	71,000
2,000	3,249	6.78	64,98,000	2.63	500	5:56	1,45,000
2500	2,178	4.54	54,45,000	2.21	500	10:89	1,22,000
3,000	1,049	2.19	31,47,000	1.27	500	13:97	70,000
3,500	386	0.81	13,51,000	0.55	500	5:32	30,000
4,000	625	1.30	25,00,000	1.01	500	15:83	46,000
4,500	942	1.97	42,39,000	1.72	500	15:74	95,000
5,000	4,135	8.63	2,06,75,000	8.37	500	21:94	4,65,100
5,500	315	0.66	17,32,500	0.70	500	13:53	38,500
6,000	397	0.83	23,82,000	0.96	500	15:56	5,300
6,500	93	0.19	6,04,500	0.24	500	27:93	13,500
7,000	200	0.42	14,00,000	0.57	500	5:16	31,000
7,500	206	0.43	15,45,000	0.63	500	31:92	34,500
8,000	208	0.43	16,64,000	0.67	500	5:14	37,000
8,500	73	0.15	6,20,500	0.25	500	12:31	14,000
9,000	321	0.67	28,89,000	1.17	500	39:97	64,500
9,500	3,250	3.78	3,08,75,000	12.51	500	39:92	6,88,500
10,000	14,652	30.57	14,65,20,000	59.35	500	29:65	32,68,500

B. Allotment to Non- Retail Investors
The Basis of Allotment to the Non-Institutional Investors, at the Issue Price of Rs. 10/- per Equity Share, was finalized in consultation with the BSE. This category has been oversubscribed to the extent of 44.62 times. The total number of Equity Shares allotted in this category is 43,27,900 Equity Shares to 187 successful applicants. The category-wise details of the Basis of Allotment sample are as under

Category	No. of Applications	% to Total	Total No. of shares applied	% to Total	No. of shares allotted	Ratio	Total No. of shares allotted
10,500	13	6.95	1,36,500	0.07	500	6:13	3,000
11,000	2	1.07	22,000	0.01	500	1:2	500
11,500	1	0.53	11,500	0.01	500	1:1	500
12,000	4	2.14	48,000	0.02	500	1:2	1000
12,500	1	0.53	12,500	0.01	500	1:1	500
13,000	1	0.53	13,000	0.01	500	1:1	500
15,000	1	0.53	15,000	0.01	500	1:1	500
17,000	1	0.53	17,000	0.01	500	1:1	500
20,000	8	4.28	1,60,000	0.08	500	7:8	3,500
25000 onwards	155	86.91	19,26,84,500	99.77		Firm	Proportionate in each category

The Board of Directors of the Company, at its Meeting held at the Registered Office of the Company in Mumbai on June 27,2008 has approved the basis of allotment and has allotted the shares to various successful applicants.

Refunds have been made through ECS, Direct credit and RTGS into the Bank Accounts of the applicants or Refund orders as the case may be dispatched to their address as mentioned in the records maintained with the Depositories on June 30,2008. In case the same is not received within ten days, applicants may contact the Registrar at the address given below. ECS intimation Note and Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the Depositories. The Equity Shares allotted to successful applicants are being credited to their respective beneficiary accounts. The Company is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited. The listing application has been filed with the Bombay Stock Exchange Limited on July 01,2008.

INVESTORS PLEASE NOTE:
These details of the allotment made have been hosted on the website of Registrars to the Issue i.e., Datamatics Financial Services Limited at www.dfssl.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, DPID and Client ID, number of shares applied for, Bank Branch Name where the application was submitted and payment details at the address given below:-

DATAMATICS FINANCIAL SERVICES LIMITED
Plot No. A-16 & 17, MIDC, Part B Crosslane, Marol, Andheri (East), Mumbai 400 093
Tel: (022) 66712151-56 Fax:(022)66712192 Email: avonipo@dfssl.com
Website: www.dfssl.com Contact Person: Mr. Ralph Gonsalves

Place : Mumbai Date : 01/07/2008	For Avon Weighing Systems Limited Sd- Pankaj Saraiya Managing Director

Avon Weighing IPO Basis of Allotment FAQs

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

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

Visit the Avon Weighing IPO allotment status page to check the number of shares allocated to your application.

Avon Weighing IPO Basis of Allotment

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