Birla Shloka FPO Basis of Allotment

BIRLA SHLOKA EDUTECH LTD

(Incorporated as Rathi Mercantile Services Pvt Ltd on May 25,1992. Subsequently the company was converted into a public Limited company on March 16,1994 and the name was changed to Rathi Mercantile & Services Ltd. The name of the company was then changed to Rathi Mercantile Industries Ltd on May 23,1994. On February 12,2002, the name of the company was changed to Shloka Infotech Limited. Further the name of the company was changed to Birla Shloka Edutech Limited on December 26,2008.)
Registered Office: Industry House, 5th Floor, 159 Churchgate Reclamation, Mumbai- 400 020. Tel. No. +91 22 2202 6340 Fax No. +91 22 2282 8865
Corporate Office: Dalamal House, 1 st Floor, 206, J.B.Marg, Nariman Point Mumbai - 400 021. Tel. No: +91-22-6616 8400, Fax No: +91-22-2204 7835
Contact person: Ms. Jigna Parikh, Company Secretary & Compliance Officer E-mail: complianceofficer@birlashloka.com Web site: www.birlashloka.com

BASIS OF ALLOTMENT

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE OF RS. 50 PER EQUITY SHARE IS 5 TIMES OF THE FACE VALUE.

The Issue was made through the 100% Book Building Process wherein upto 50% of the Net Issue to the public was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion specifically reserved for Mutual Funds). Further atleast 15% of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and atleast 35% of the Net Issue was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
Our Company thanks all the Investors for their response to our Further Public Offer (FPO) which opened for subscription on January 11,2010 and closed on January 13,2010. The Issue received 4,723 applications for 83,72,660 Equity Shares (after cheque return) from Non-Institutional and Retail Individual Bidders resulting in an over subscription of 1.406 times. However no applications were received under QIB Category. The details of the applications received under Non-Institutional Bidders and Retail Individual Bidders categories are as under:(Before Technical & Multiple Rejections)

Final Demand
The final demand at different bid Prices is as under:

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - Bombay Stock Exchange Limited ("BSE") on Monday, January 25,2010. Details of valid applications received and allotment done is as under:

A. Allocation to Retail Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Bidders, who bid at the cut-off price or at the Issue Price of Rs.50/-per Equity Share, was finalized in consultation with the BSE. The Company has received 4,360 valid applications for 37,58,880 Equity Shares in this category resulting in 0.901 times subscription. A total of 37,58,880 Equity Shares were allotted to the successful applicants under this category after considering a spill over of 20,84,250 Equity Shares from QIB Category. The category wise details of the Basis of Altotmentare given below.

B. Allocation to Non Institutional Bidders (Alter Technical Rejections)
The Basis of Allotment to the Non Institutional Bidders, who bid at the Issue Price of Rs.50 per Equity Share, was finalized in consultation with the BSE. The Company has received 96 valid applications for 43,09,800 Equity Shares in this category resulting in 1.962 times subscription. A total of 21,96,120 Equity Shares were allotted to the successful applicants under this category after considering a spill over of 8,93,250 Equity Shares from QIB Category. The category wise details of the Basis of Allotment are given below.

The FPO Committee of the Company, at a meeting held in Mumbai, on January 27,2010 has approved the Basis of Allotment and recommended the allotment of Equity Shares to the successful applicants.

The CAN-cum-Refund Orders and ECS/RTGS Intimation has been dispatched to the address of the investors as registered with the depositories. In case the same are not received within ten days, investors may contact the Registrar to the Issue 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 the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned, The Company has received Listing and Trading Permission from the Bombay Stock Exchange Limited Designated Stock Exchange) vide their letters dated January 27,2010 and January 29,2010 respectively.

These details of the allocation will also be available on the website of the Registrar to the Issue, Bigshare Service Private Limited, at http://www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting the full name of the First/Sole applicants, Serial Number of the Bid-cum-Application Form, Number of shares bid for, Nameof the Member of the Syndicate and Place where the bid was submitted and payment details the address given below:

Bigshare Services Private Limited
E-2,Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri [E], Mumbai - 400 072
Tel: +91 - 22 - 2847 3747/3474 Fax: +91 - 22 - 2847 5207
Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty

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 BIRLA SHLOKA EDUTECH LIMITED.