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November 28, 2007 - December 3, 2007

Burnpur Cement IPO Basis of Allotment

BURNPUR CEMENT LIMITED

(Originally Incorporated as Ashoka Concrete & Allied Industries Private Limited on June 19,1986 with the Registrar of Companies, West Bengal Kolkata. The name of the Company was changed to Burnpur Cement Private Limited on September 18,2001. Subsequently, the Company was converted into a Public Limited Company under section Sec. 44 of the Companies Act, 1956 on November 12,2001 and the name of the Company was changed to Burnpur Cement limited and a fresh Certificate of Incorporation obtained from the Registrar of Companies, West Bengal Kolkata. For details of changes in Registered Office of the Company, please refer to page no 9 of the Prospectus.)
Registered Office: Cement House, Saradapally, Ashoknagar P.O. Asansol- 713304, Dist: Burdwan (West Bengal), India.
Tel.: (0341) 2250860,2250859; Fax:(0341) 2250860,
E-mail: info@burnpurcement.com; Website: www.burnpurcement.com.
Plant: Vi!l-Palasdiha Panchgachia Road, P.O.- Kanyapur, Dist. BurdwanWest Bengal, Pincode-713341.
Tel: (0341) 2250454,2252965
Contact Person / Compliance Officer: Mrs. Samta Agarwal, Company Secretary

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 2,19,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PREMIUM OF RS. 2/- PER EQUITY SHARE. AGGREGATING TO RS. 2628 LACS (HEREINAFTER REFERRED TO AS 'THE ISSUE'). THE ISSUE COMPRISES A RESERVATION FOR ELIGIBLE EMPLOYEES OF UP TO 1O,95,OOO EQUITY  SHARES OF RS.10/-- EACH (HEREINAFTER REFERRED TO AS THE 'EMPLOYEE RESERVATION PORTION') AND THE NET ISSUE TO THE PUBLIC OF 2,08,05,000 EQUITY SHARES OF RS. 10/- EACH (HEREINAFTER REFERRED TO AS THE 'NET ISSUE') THE ISSUE CONSTITUTED 50.94% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF THE COMPANY. THE NET ISSUE TO THE PUBLIC CONSTITUTED 48.39% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.

ISSUE PRICE: RS.12/- PER EQUITY SHARE OF FACE VALUE OF RS.10/- EACH. THE FACE VALUE OF THE EQUITY SHARE IS RS.10/- AND THE ISSUE PRICE IS 1.2 TIMES THE FACE VALUE.

The Board of Directors of Burnpur Cement Limited ('Company') wish to thank all the Investors for their response to the Public Issue. The Basis of Allotment has been finalized in consultation with the Bombay Stock Exchange Limited ('BSE') on 26th December, 2007. The Public Issue opened on Wednesday. November 28,2007 and closed on Monday, December 3.2007. The Issue received 98775 valid applications for 324075000 equity shares resulting in 14.79 times subscription and 21910463 equity shares has been allotted by the Board of Directors at their meeting on 26th December. 2007 as mentioned below. The details of valid applications received in this issue from Retail, Non Retail and Employee categories after rejection and withdrawal are as under:

Category No. of valid Applications No. of Shares Applied for Subscription (Times)
Retail Investors 98457 257512500 15.51
Non Retail Investors 307 65292500 15.51
Employee 11 1270000 1.15

A. Allocation to Retail Investors
The Company received 98457 valid applications for 257512500 equity shares in this category resulting in over subscription of 15.51 times. The total number of shares allotted in this category Is 16607284 Equity Shares. The category-wise details ot the Allotment are as under:

Category No. Of Applications % to Total Total No .of Shares Applied % to Total No. of Shares Allocated Ratio Total No. Of Shares Allocated
500 24693 25.080 12346500 4.795 500 2:31 796500
1000 21890 22.233 21890000 8.501 500 4:31 1412000
1500 8096 8.223 12144000 4.716 500 6:31 783000
2000 8508 8.641 17016000 6.608 500 8:31 1097500
2500 6835 6.942 17087500 6.636 500 10:31 1102000
3000 2259 2.294 6777000 2.632 500 12:31 437000
3500 790 0.802 2765000 1.074 500 14:31 178000
4000 6110 6.206 24440000 9.491 500 16:31 1576500
4500 768 0.780 3456000 1.342 500 18:31 222500
5000 2234 2.269 11170000 4.338 500 20:31 720500
5500 175 0.178 962500 0.374 500 22:31 62000
6000 355 0.361 2130000 0.827 500 24:31 137000
6500 114 0.116 741000 0.288 500 26:31 47500
7000 200 0.203 1400000 0.544 500 28:31 90000
7500 506 0.514 3795000 1.474 500 30:31 244500
8000 14924 15.158 119392000 46.364 516 1:1 7700784

B. Allocation to Non Institutional Investors
The Basis of Allotment to the Non Retail Investors was finalized in consultation with BSE. The Category was subscribed 15.51 times. The total number ot shares allotted in this category is 4208179 Equity Shares. The category-wise details of the Allotment are as under:

Category No. Of Applications % to Total Total No .of Shares Applied % to Total No. of Shares Allocated Ratio Total No. Of Shares Allocated
8500 50 16.287 425000 0.651 548 FIRM 27400
9000 11 3.583 99000 0.152 580 FIRM 6380
10000 34 11.075 340000 0.521 645 FIRM 21930
10500 1 0.326 10500 0.016 677 FIRM 677
11000 1 0.326 11000 0.017 709 FIRM 709
11500 1 0.326 11500 0.018 741 FIRM 741
12000 4 1.303 48000 0.074 774 FIRM 3096
12500 1 0.326 12500 0.019 806 FIRM 806
14000 2 0.652 28000 0.043 903 FIRM 1806
14500 2 0.652 29000 0.044 935 FIRM 1870
15000 5 1.629 75000 0.115 967 FIRM 4835
16000 6 1.954 96000 0.147 1031 FIRM 6186
16500 9 2.932 148500 0.227 1063 FIRM 9567
17000 3 0.977 51000 0.078 1096 FIRM 3288
17500 2 0.652 35000 0.054 1128 FIRM 2256
18000 4 1.303 72000 0.110 1160 FIRM 4640
20000 4 1.303 80000 0.123 1289 FIRM 5156
21000 1 0.326 21000 0.032 1354 FIRM 1353
22000 1 0.326 22000 0.034 1418 FIRM 1418
23500 1 0.326 23500 0.036 1515 FIRM 1515
24000 1 0.326 24000 0.037 1547 FIRM 1547
24500 1 0.326 24500 0.038 1579 FIRM 1579
25000 12 3.909 300000 0.459 1611 FIRM 19332
27500 1 0.326 27500 0.042 1772 FIRM 1772
28500 2 0.652 57000 0.087 1837 FIRM 3674
30000 5 1.629 150000 0.230 1934 FIRM 9670
31500 1 0.326 31500 0.048 2030 FIRM 2030
32000 1 0.326 32000 0.049 2062 FIRM 2062
33000 7 2.280 231000 0.354 2127 FIRM 14889
35000 7 2.280 245000 0.375 2256 FIRM 15792
40000 3 0.977 120000 0.184 2578 FIRM 7734
41500 7 2.280 290500 0.445 2675 FIRM 18725
42000 1 0.326 42000 0.064 2707 FIRM 2707
45000 1 0.326 45000 0.069 2900 FIRM 2900
50000 17 5.538 850000 1.302 . 3223 FIRM 54791
50500 1 0.326 50500 0.077 3255 FIRM 3255
55000 1 0.326 55000 0.084 3545 FIRM 3545
57000 1 0.326 57000 0.087 3674 FIRM 3674
58000 1 0.326 58000 0.089 3738 FIRM 3738
63000 1 0.326 63000 0.096 4060 FIRM 4060
66500 2 0.652 133000 0.204 4286 FIRM 8572
72000 1 0.326 72000 0.110 4640 FIRM 4640
75000 3 0.977 225000 0.345 4834 FIRM 14502
80000 10 3.257 800000 1.225 5156 FIRM 51560
82500 2 0.652 165000 0.253 5317 FIRM 10634
83000 1 0.326 83000 0.127 5349 FIRM 5349
83500 1 0.326 83500 0.128 5382 FIRM 5382
84000 1 0.326 84000 0.129 5414 FIRM 5414
87500 1 0.326 87500 0.134 5639 FIRM 5639
90000 1 0.326 90000 0.138 5801 FIRM 5801
96000 1 0.326 96000 0.147 6187 FIRM 6187
100000 6 1.954 600000 0.919 6445 FIRM 38670
105000 1 0.326 105000 0.161 6767 FIRM 6767
110000 1 0.326 110000 0.168 7090 FIRM 7090
111000 1 0.326 111000 0.170 7154 FIRM 7154
117000 1 0.326 117000 0.179 7541 FIRM 7541
120000 1 0.326 120000 0.184 7734 FIRM 7734
125000 4 1.303 500000 0.766 8056 FIRM 32224
133000 1 0.326 133000 . 0.204 8572 FIRM 8572
150000 3 0.977 450000 0.689 9668 FIRM 29004
160000 1 0.326 160000 0.245 10312 FIRM 10312
166500 2 0.652 333000 0.510 10731 FIRM 21462
172500 1 0.326 172500 0.264 11118 FIRM 11118
177000 1 0.326 177000 0.271 11408 FIRM 11408
195000 1 0.326 195000 0.299 12568 FIRM 12568
200000 6 1.954 1200000 1.838 12890 FIRM 77340
208000 1 0.326 208000 0.319 13406 FIRM 13406
233000 1 0.326 233000 0.357 15017 FIRM 15017
250000 2 0.652 500000 0.766 16113 FIRM 32226
277000 1 0.326 277000 0.424 17853 FIRM 17853
300000 1 0.326 300000 0.459 19335 FIRM 19335
372500 1 0.326 372500 0.571 24008 FIRM 24008
417000 1 0.326 417000 0.639 26876 FIRM 26876
500000 6 1.954 3000000 4.595 32225 FIRM 193350
726000 1 0.326 726000 1.112 46791 FIRM 46791
825000 1 0.326 825000 1.264 53172 FIRM 53172
833000 1 0.326 833000 1.276 53688 FIRM 53687
850000 1 0.326 850000 1.302 54783 FIRM 54783
916500 1 0.326 916500 1.404 59069 FIRM 59069
1000000 2 0.652 2000000 3.063 64451 FIRM 128902
1042000 1 0.326 1042000 1.596 67158 FIRM 67158
1500000 2 0.652 3000000 4.595 96676 FIRM 193352
1666500 4 1.303 6666000 10.209 107407 FIRM 429628
2000000 1 0.326 2000000 3.063 128901 FIRM 128901
2200000 1 0.326 2200000 3.369 141792 FIRM 141791
2500000 1 0.326. 2500000 3.829 161127 FIRM 161127
2925000 2 0.652 5850000 8.960 188518 FIRM 377036
3333000 1 0.326 3333000 5.105 214814 FIRM 214814
4150000 1 0.326 4150000 6.356 267470 FIRM 267470
4299000 1 0.326 4299000 6.584 277073 FIRM 277073
8000000 1 0.326 8000000 12.253 515605 FIRM 515605

C. Allocation to Employees
The Basis of Allotment to the Employees was finalised in consultation with BSE. The Category was subscribed 1.15 times. The total number of shares allotted in this category is 1095000 Equity Shares. The category-wise details of the Allotment are as under:

Category No. Of Applications % to Total Total No .of Shares Applied % to Total No. of Shares Allocated Ratio Total No. Of Shares Allocated
1000 1 9.091 1000 0.079 862 1:1 862
51000 1 9.091 51000 4.016 43972 1:1 43972
57000 1 9.091 57000 4.488 49146 1:1 49146
70000 1 9.091 70000 5.512 60354 1:1 60354
70500 1 9.091 70500 5.551 60785 1:1 60785
75000 1 9.091 75000 5.906 64665 1:1 64665
100500 1 9.091 100500 7.913 86652 1:1 86652
101500 1 9.091 101500 7.992 87514 1:1 87514
128000 1 9.091 128000 10.079 110362 1:1 110362
200000 1 9.091 200000 15.748 172441 1:1 172441
415500 1 9.091 415500 32.717 358247 1:1 358246

The Board of Directors of the Company at their meeting held at Kolkata on 26th December, 2007 has approved the basis of allocation of shares of the issue and has allotted the shares to various successful applicants.

The physical refund warrants, intimation regarding refunds through electronic modes (ECS) and allotment advice has been dispatched to the same address of the investors 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 have being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned .The Company has filed the application for listing of shares with Bombay Stock Exchange Limited (BSE) and National Stock Exchange Limited (NSE) on December 28,2007. The company is taking steps to get the equity shares admitted for trading on the BSE and NSE within seven working days from the date of allotment of equity shares.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrars to the Issue, Niche Technologies Private Limited at www.nichetechpl.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 Application form, number of shares applied for, name of the Broker and Place where the application was submitted and payment details at the address given below:

NICHE TECHNOLOGIES PRIVATE UNITED
D-511, Bagree Market, 71, 8 R B Basu Road. Kolkata- 700 001. West Bengal. India.
Tel: 91 33 2234 3576/2235 7271/7270  Fax: +91 33 2215 6823,
E-mail: burnpur@nichetechpl.com, Website: www.nichetechpl.com
Contact Person: Mr. Shoab Abbas, SEBI Regn No.: INR000003290



Place: Kolkata
Date : 31.12.2007

For Burnpur Cement Limited
Sd/
Ashok Gutgutia
Vice Chairman & Managing Director

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 BURNPUR CEMENT LIMITED.

Burnpur Cement IPO Basis of Allotment FAQs

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

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

Visit the Burnpur Cement IPO allotment status page to check the number of shares allocated to your application.

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