Bhimji Zaveri IPO Basis of Allotment

Final Demand
A summary of the final demand as per the BSE and the 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 BSE on May 3,2012.

A. Allotment to Retail Individual Investors (Including Applications Supported by Blocked Amount ("ASBA")) (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or above the Issue Price of Rs.120/- per Equity Share was finalized in consultation with BSE. This category has been subscribed to the extent of 0.60 times and hence allotment was done on full and firm basis to all valid applicants. There were 2,902 applications for 1,114,605 Equity Shares made under ASBA process. Of these 2,858 applications for 1,088,055 Equity Shares were found valid and they were considered for allotment. The total number of shares allotted in Retail Individual Investor category is 3,476,385 Equity Shares which were allotted to 7,033 successful applicants.

B.Allotment to Non Institutional Investors (After Technical Rejections)
The Basis of Allotment to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs.120/- per Equity Share, was finalized on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 1.47 times and hence allotment was done on full and firm basis to all valid applicants. There were 89 applications for 4,681,665 Equity Shares made under ASBA process. Of these 86 applications for 4,662,990 Equity Shares were found valid and they were considered for allotment. The total number of shares allotted in Non Institutional Investor category is 3,174,293 Equity Shares which were allotted to 86 successful applicants including 674,292 with respect to undersubscription in retail category.

C. Allotment to QIBs
The Basis of Allotment to the Qualified Institutional Bidders, who have bid at or above the Issue price of Rs. 120/- per Equity Share was finalized in consultation with BSE. There were 7 applications for 7,515,990 Equity Shares made under the ASBA process. Of these 7 applications for 7,515,990 Equity Shares were found valid and they were considered for allotment. The total number of shares allotted in Qualified Institutional Investors category is 7,515,990 Equity Shares which were allotted to 7 successful applicants including 1,682,657 equity shares with respect to undersubscription in retail cateqory.

D. Allotment to Anchor Investors
The Basis of Allotment to the Anchor Investors, at the Issue Price of Rs.120/- per Equity Share was finalized in consultation with the Issuer and the Book Running Lead Managers. This category has been subscribed to the extent of 1.49 times and hence allotment was done on firm basis to all valid applicants. There were 3 applications for 3,734,010 Equity Shares made under Non- ASBA process. Of these 3 applications for 3,734,010 Equity Shares were found valid and they were considered for allotment. The total number of shares allotted in the Anchor Investor category is 2,499,999 Equity Shares which were allotted to 3 successful applicants.
The IPO Committee of the Board of Directors of the Company at its Meeting held at Mumbai on May 03,2012 has taken on record the basis of Allotment of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The CAN-cum-Refund Orders and allotment advice and/ or notices will be dispatched to the address of the Bidders as registered with the depositories on or prior to May 7,2012. In case the same is not received within 10 days, investors may contact the Registrar at the address given below. The instructions to Self Certified Syndicate Banks have been dispatched/mailed on May 4,2012. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories.

Commencement of Trading: The Equity Shares Allotted to the successful applicants are being credited to their beneficiary accounts on or prior to May 7,2012 subject to validation of the account details with the depositories concerned. The Company is taking steps for the completion of the necessary formalities to get the Equity Shares admitted for trading on BSE and NSE within 12 Working days from the Bid/Issue Closing Date.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 30,2012 filed with the Registrar of Companies.

INVESTORS PLEASE NOTE
This details of the Allotment made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondence in this regard may kindly 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
Unit: Tribhovandas Bhimji Zaveri Limited}
Fax: 040-23420814 Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER: 1-800-3454001

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 TRIBHOVANDAS BHIMJI ZAVERI LIMITED.

Tribhovandas Bhimji Zaveri Limited is proposing a public issue of its Equity Shares and has filed a Prospectus with the Registrar of Companies. The Prospectus is available on the website of SEBI i.e. www.sebi.gov.in, and on the websites of the Book Running Lead Managers (BRLMs) at www.idfccapital.com and www.avendus.com. Investors should note that investment in equity shares involves a high degree of risk and for details in relation to the same, see section titled "Risk Factors" included in the Prospectus. This material is not an offer or sale of securities. The Equity Shares have not been and will not be registered under the Securities Act of 1933 and were not offered or sold within the United States (as defined in Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Equity Shares were not offered or sold in the United States in the Issue."