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March 23, 2010 - March 26, 2010

Intrasoft IPO Basis of Allotment

INTRASOFT TECHNOLOGIES LIMITED

Our Company was incorporated on February 27,1996 in Kolkata as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Our Company was deemed to be a public limited company under Section 43A (1B) of the Companies Act, 1956 with effect from July 6, 2000 and consequent to the amendment of Section 43A of the Companies Act, our Company ceased to be a public limited company with effect from March 13,2002. With effect from April 1,2006, our Company became a public limited company and the name of our Company was changed to Intrasoft Technologies Limited with effect from October 16,2007. For details of changes in the name and registered office of our Company, see 'History and Corporate Structure' on page 82 of the Prospectus.

Registered Office: A-502, Prathamesh, Raghuvanshi Mills Limited Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
Company Secretary and Compliance Officer: Rajendra Kumar Chotia; Tel: +91 22 2491 2123; Fax: +91 22 2490 3123
Corporate Office: 5th Floor, Rash Behari Avenue, Kolkata - 700 029. Tel.: +91 33 24643306; Fax.: 91 33 24646584
Email: ipo@itlindia.com; Website: www.itlindia.com

Promoters of the Company: Arvind Kajaria and Sharad Kajaria

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 37,00,000 EQUITY SHARES OF Rs. 10 EACH OF INTRASOFT TECHNOLOGIES LIMITED ('ITL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 145 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 135 PER EQUITY SHARE) AGGREGATING TO Rs. 5365 LAKHS (THE 'ISSUE'). THE ISSUE CONSTITUTED 25.12% OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 145 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH
THE ISSUE PRICE IS 14.5TIMES OF THE FACEVALUE

The Issue is being made through the Book Building Process wherein at least 50% of the Issue shall be available for allocation on a proportionate basis to QIBs, out of which 5% shall be available for allocation on a proportional basis to Mutual Funds only and the remainder shall be made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue shall be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be made available for allocation on a proportionate basis to Retail Individual Bidders, subjectto valid Bids being received at or above the Issue Price.
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited ('BSE') and the National Stock Exchange of India Limited ('NSE').
The Issue received 38,933 applications for 6,71,73,360 equity shares resulting in 18.15 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors and Retail Individual Investors are as under: (Before technical rejections)

Category No. of Applications No. of Shares No. of times Subscription
Qualified Institutional Buyers 43 40,639,560 21.97
Non Institutional Investors (including ASBA investors) 48 9,695,320 17.47
Retail Individual Investors (including ASBA investors) 38,842 16,838,480 13.00
Total 38,933 67,173,360 18.15

Final Demand
A summary of the final demand at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to Total
137 61440 0.09% 70194160 100.00%
138 2120 0.00% 70132720 99.91%
139 800 0.00% 70130600 99.91%
140 7880 0.01% 70129800 99.91%
141 18000 0.03% 70121920 99.90%
142 440 0.00% 70103920 99.87%
143 1160 0.00% 70103480 99.87%
144 40 0.00% 70102320 99.87%
145 55205120 78.65% 70102280 99.87%
CUTOFF 14897160 21.22% 14897160 21.22%
TOTAL 70194160 100.00%

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on April 06,2010

A. Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at Cut Off or at the Issue Price of Rs. 145/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 12.92 times. The total number of shares allotted in this category is 12,95,000 Equity Shares to 25,917 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applns.
% to
Total
Total No. of
Shares Applied
% to
Total
No. of
Shares Allocated
Ratio Total No.of
Shares Allocated
40 6150 16.02 246000 1.47 40 1:13 18960
80 2850 7.43 228000 1.36 40 2:13 17520
120 1711 4.46 205320 1.23 40 3:13 15800
160 1086 2.83 173760 1.04 40 4:13 13360
200 1340 3.49 268000 1.60 40 5:13 20600
240 513 1.34 123120 0.74 40 6:13 9480
280 446 1.16 124880 0.75 40 7:13 9600
320 1597 4.16 511040 3.06 40 8:13 39320
360 636 1.66 228960 1.37 40 9:13 17600
400 664 1.73 265600 1.59 40 10:13 20440
440 144 0.38 63360 0.38 40 11:13 4880
480 218 0.57 104640 0.63 40 12:13 8040
520 215 0.56 111800 0.67 40 1:1 8600
560 150 0.39 84000 0.50 43 1:1 6450
600 555 1.45 333000 1.99 46 1:1 25530
640 406 1.06 259840 1.55 50 1:1 20300
680 19701 51.33 13396680 80.09 52 1:1 1024452
1 5:7 14068

B. Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Non Institutional Investors, who have bid at the Issue Price of Rs. 145/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 17.47 times. The total number of shares allotted in this category is 5,55,000 Equity Shares to 47 successful applicants. The category-wise details of the Basis of Allocation are (Sample) under:

Category No. of Applns. % to Total Total No. of Shares Applied % to Total No. of Shares Allocated Ratio Total No.of Shares Allocated
720 1 2.13 720 0.01 41 1:1 41
1000 6 12.77 6000 0.06 57 1:1 342
2720 1 2.13 2720 0.03 156 1:1 156
2760 1 2.13 2760 0.03 158 1:1 158
30000 2 4.26 60000 0.62 1717 1:1 3434
34600 1 2.13 34600 0.36 1981 1:1 1981
42600 1 2.13 42600 0.44 2439 1:1 2439
118600 1 2.13 118600 1.22 6790 1:1 6790
137920 3 6.38 413760 4.27 7896 1:1 23688
137960 2 4.26 275920 2.85 7898 1:1 15796
200000 1 2.13 200000 2.06 11450 1:1 11450
206880 1 2.13 206880 2.13 11844 1:1 11844
231000 1 2.13 231000 2.38 13224 1:1 13224
344840 1 2.13 344840 3.56 19742 1:1 19742
2758600 2 4.26 5517200 56.91 157925 1:1 315850

C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI (ICDR) Regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (92,500 Equity Shares to 12 successful applicants), and other QIBs (including Mutual Funds) were allotted the remaining available shares (17,57,500 Equity Shares to 43 successful applicants) on proportionate basis.

Category Flls Fls/Banks MFs INC Total
No. of Shares 13,62,963 21,673 4,02,589 62,775 18,50,000

The Board of Directors of the Company at its Meeting held at Kolkata on April 7,2010 has allotted shares to various successful applicants, based on the basis of allocation as finalized in consultation with BSE.

The CAN cum Refund Orders, allotment advice and Direct Credit / RTGS /ECS Intimations have been dispatched on April 08,2010, to the 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 overprinted with the Bank Mandate details as registered, if any, with the depositones. The shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has taken steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the prospectus dated March 30,2010 ('Prospectus')

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrars to the Issue, Link Intime India Private Limited at http://www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrars 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:

LINK INTIME INDIA PRIVATE LIMITED, Unit: Intrasoft Technologies Limited, C13, Pannalal Silk Mills Compounds, LBS. Marg, Bhandup (West), Mumbai 400 078, Maharashtra, India. Tel: +91 22 2596 0320 Fax: +91 22 2596 0329 Email: intrasoft.ipo@linkintime.co.in Website: www.linkintime.co.in

Place : Mumbai
Date : April 08,2010
For INTRASOFT TECHNOLOGIES LIMITED
Sd/-
Arvind Kajaria
Managing Director

Intrasoft IPO Basis of Allotment FAQs

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

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

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