CCCL IPO Basis of Allotment

CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED

(The company was incorporated as Consolidated Construction Consortium Limited on July 11,1997 and were issued certificate of incorporation bearing No.18-38610 by the Registrar of Companies, Tamil Nadu. The registered office of our Company was shifted from No. 27A, Railway Colony, Nelson Manickam Road, Chennai 600 029 to No. 3,
Second Link Street, CIT Colony, Mylapore, Chennai 600 004 with effect from August 22, 1997
by means of a resolution of our Board dated August 22,1997. The premises bearing door number 3,
was renumbered as No.5, Second Link Street, CIT Colony, Mylapore, Chennai 600 004.)
Registered Office and Corporated Office: No.5, Second Link Street, CITColony, Mylapore, Chennai 600 004.
Tel: (91 44) 2466 1083; Fax: (91 44) 2499 0225.
Company Secretary and Compliance Officer: Mr. M.V.M. Sundar,
Email: lnvestors@ccclindia.com; Website: www.ccclindia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 37,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 510/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 500/- PER EQUITY SHARE) AGGREGATING TO RS 18,870 LACS (REFERRED TO AS 'THE ISSUE'). THE ISSUE CONSTITUTES 10.01% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED. ('COMPANY' OR 'ISSUER').
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 510/- AND IT IS 51 TIMES THE FACE VALUE.
The Equity Shares of the Company are proposed to be listed in the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited and trading is expected to commence on October 15, 2007.
The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to be specifically allotted to mutual funds), further, up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 1,18,031 applications for 29,89,49,331 equity shares resulting in 80.79 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 at different bid prices is as under

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ('NSE') on 4th October, 2007.

Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.510/- per Equity Share, was finalized in consultation with NSE. The category was over subscribed 12.278768 times. The total number of equity shares allotted in this category is 11,10,000 Equity Shares to 74,883 successful applicants. The category-wise details of the Basis of Allocation are as under

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue Price of Rs.510/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 57.664378 times. The total number of equity shares allotted in this category is 3,70,000 Equity Shares to 248 successful applicants. The category-wise details of the Basis of Allocation are as under:

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of equity shares available (1,11,000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available equity shares (21,09,000) on Proportionate basis.

The IPO Committee of the directors of the company at its Meeting held at Chennai on 4th October 2007 has approved the basis of allocation of equity shares of the Issue and has allotted the equity shares to various successful applicants.
The CAN-cum-Refund Orders, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or direct credit) and allotment advice and notices are being dispatched to the address of the investors as registered with the depositories by October 6,2007. 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 equity shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned by October 6,2007. The listing applications will be filed with the BSE and the NSE on or before October 8,2007, and the company is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://kcpl.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 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:

Karvy Computershare Private Limited
Unit: CCCL: Plot No. 17 to 24, Vithalrao Nagar,
Hitech City Road, Madhapur Hyderabad - 500 081,
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 SHARE ON LISTING OR THE BUSINESS PROSPECTS OF CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED.