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August 29, 2006 - September 4, 2006

Deep Industries IPO Basis of Allotment

DEEP INDUSTRIES LIMITED
AN 1SO  9001-2000 COMPANY

Registered Office: Opp. Suryanarayan Bunglows, Sabarmati-Kalol State Highway: Motera,
Dist: Gandhinagar, Gujarat-380005.Tel: +9179 27571128; Fax: +91 79 27502464;
Email: jshah@deepindustries.com; Website: www.deepindustries.com

Contact Person: Mr.Jigar Shah, Chief Financial Officer and Compliance officer

Public Issue of 1,13,00,000 equity shares of face value Rs.10/- each of Deep Industries Limited at a price of Rs.36/- for cash aggregating to Rs.4068 lacs. The issue price is 3.6 times of the face value.

BASIS OF ALLOTMENT

The Board of Directors of Deep Industries Ltd. ('The Company') wish to thank all the Investors for their response to our Public Issue. The basis of allotment has been finalized in consultation with Bombay Stock Exchange Ltd. (BSE) on September 15, 2006 and the equity shares have been allotted as per details given below: Public Issue was opened on August 29, 2006 and closed on August 4, 2006.

Particulars
No of equity shares offered 1,13,00,000
No of valid application received 12,315
Total no.of equity shares applied for 1,56,59,700
No. of times oversubscribed 1.39
Category

No. of shares offered

No. of shares
applied for

No. of valid
application received

No. of times
oversubscribed

Retail Individual Investor 57,00,398 1,06,92,500 12236 1.60
Non Institutional Investor 5,14,602 9,65,825 46 1.60
NRIs/Flls 28,25,000 15,42,800 9 0.55
Banks/Mutual Funds/Fls 11,30,000 13,29,650 6 1.78
Employees 11,30,000 11,28,925 18 1.00
Total 1,13,00,000 1,56,59,700 12,315 1.39

Full and firm allotment has been made to NRIs/Flls and Employees for all the valid applications. Undersubscription from NRIs/Flls and Employee category has been spilled over and added to Banks/Fls/Mutual Fund category Under subscription after interse adjustment in reserved categories has been adjusted towards subscription of Resident Indian Public category.

The basis of allotment of equity shares to the other categories are as follows:

Resident Indian Public - Retail Category

Category Ratio Shares per allottee Category Ratio Shares per allottes
175 63:100 175 1575 Firm 986
350 Firm 219 1750 Firm 1096
525 Firm 329 1925 Firm 1205
700 Firm 438 2100 Firm 1315
875 Firm 548 2275 Firm 1425
1050 Firm 657 2450 Firm 1534
1225 Firm 766 2625 Firm 1643
1400 Firm 876

Resident Indian Public - Non Institutional Category

Category Ratio Shares per allottee Category Ratio Shares per allottee
2800 Firm 1752 19250 Firm 12045
2975 Firm 1862 19600 Firm 12264
3150 Firm 1971 19775 Firm 12373
4200 Firm 2628 26950 Firm 16863
4375 Firm 2737 27300 Firm 17082
5250 Firm 3285 28000 Firm 17520
7175 Firm 4489 30625 Firm 19163
9800 Firm 6132 59850 Firm 37449
10850 Firm 6789 87500 Firm 54750
14000 Firm 8760 138950 Firm 86940
17500 Firm 10950 277900 Firm 173882

The dispatch of refund orders/ECS/RTGS. Credit and allotment letters has been completed on September 18, 2006. The credit In respect of allotment in dematerialized form in Central Depository Services India Ltd. (CDSL), National Securities Depository Ltd. (NSDL) to the valid beneficiary account is being completed.

The company has already made the listing application to the BSE and other formalities regarding listing of equity shares are In the process of completion.

Investor plesse note that the allocation made would be available on the website of the Registrar to the issue at www.intimespectrum.com.

All futures correspondence in this regard may kindly be addressed to the Registrar to the Issue, whose address Is furnished below, quoting full name of the first/sole applicant application number, number of shares applied and Bank/branch where the applloation has been lodged.

Intime Spectrum Registry Limited,

C-13, Pannalal Silk Mills Compound, LBS Road, Bhandup (West), Mumbal - 400 078.
Tel,; +91 22 2596  0329, Fax: +91 22 2596 0320, Website: www.intimespesctrum.com,
E-Mall:  deepipo@intimespectrurn.com, contact: Mr. Vishwas Attavar



Place: Ahmedabad
Date:  September 19, 2006

For Deep Industries Ltd.
   Sd/-                
Mr, Paras S. Savia    
Chairman & Managing Director

Deep Industries IPO Basis of Allotment FAQs

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

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

Visit the Deep Industries 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 Deep Industries IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).