Infinite Computer IPO Basis of Allotment

(Incorporated as Infinite Computer Solutions (India) Private Limited on September 06,1999 under the Companies Act, 1956 at Mumbai. Subsequently the company was converted into a public limited company and received fresh certificate of incorporation dated February 14, 2008 in the name of Infinite Computer Solutions (India) Limited from the Registrar of Companies NCT Delhi and Haryana)
Registered Office: 155, Somdutt Chambers II, 9 Bhikaji Cama Place, New Delhi - 110 066. Tel. No. +91 11 3268 7466 / 4615 0845 Fax No. +91 11 4615 0830 Contact Person: Mr. Sanjeev Gulati, Compliance Officer E-mail: ipo@infinite.com Website: www.infinite.com

BASIS OF ALLOTMENT

THE FACE VALUE PER EQUITY SHARE IS RS. 10/- EACH. THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 165 PER EQUITY SHARE WHICH IS 16.5 TIMES THE FACE VALUE OF THE EQUITY SHARES.

The Issue was made through the 100% Book Building Process wherein up to 50% of the Issue to the public has been allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'). Our Company has allocated 1,725,450 Equity Shares corresponding to 30% of the QIB Portion to Anchor Investors (as defined in the section 'Definitions and Abbreviations' on page (i) of the Prospectus) in accordance with applicable SEBI Regulations. 5% of the Net QIB portion has been allocated for Mutual Funds and the balance of Net QIB portion has been allocated on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, 15% of the Issue to the Public has been allocated on a proportionate basis to Non-Institutional Bidders and 35% of the Issue to the Public has been allocated on a proportionate basis to Retail Individual Bidders applying for equity shares of or for a value not more than Rs. 1,00,000/-. In order to round off, our Company has allotted 2352 additional shares.
Our Company wishes to thank all the Investors for their response to the Public Issue which opened for subscription on January 11, 2010 and closed on January 13, 2010. The Issue received 124,186 applications for 414,665,820 Equity Shares (after cheque return) resulting in 36.048 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional Bidders, Anchor 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 is done 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. 165/- per Equity Share, was finalized in consultation with the BSE. The Company received 121,777 valid applications for 43,367,840 Equity Shares in this category resulting in 10.771 times subscription. The category wise details of the Basis of Allotment are given below.

B) Allocation to Non Institutional Bidders (After technical Rejections)
The Basis of Allotment to the Non Institutional Bidders, who bid at the Issue Price of Rs. 165 per Equity Share, was finalized in consultation with the BSE. The Company received 243 valid applications for 169,160,840 Equity Shares in this category resulting in 98.038 times subscription. The category wise details of the Basis of Allotment are given below:

C) Allocation In Anchor Portion
The Company allocated 1,725,450 equity shares to 9 Anchor Investors in consultation with the Book Running Lead Managers. This represents 30% of the QIB portion.

D) Allocation In Net QIB Portion (net of Anchor Portion)
As per the SEBI  ICDR Regulations, Mutual Funds were initially allotted 201,302 (Equity Shares), corresponding to 5% of the Net QIB Portion, and balance 3,824,748 shares were allotted to QIBs including Mutual Funds. Breakup ot the QIB Portion (excluding Anchor Portion) is as follows:

The Board in its meeting held in New Delhi on January 27, 2010 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of Equity Shares to successful applicants. The CAN-cum-Refund Orders and NECS/RTGS/Direct Credit 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 are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. 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 Basis of Allotment.

INVESTORS PLEASE NOTE
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, Name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below :

Bigshare Services Private Limited
E-2, Ansa Industrial Estate, Saki Vihar Road, Sakinaka, Andheri [E], Mumbai - 400 072
Phone: (91-22) 4043 0200; 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 INFINITE COMPUTER SOLUTIONS (INDIA) LIMITED.