Lawreshwar IPO Basis of Allotment

LAWRESHWAR POLYMERS LIMITED

(Originally incorporated as Lawreshwar Polymers Private Limited on March 31,1994 with Registrar of Companies,
Rajasthan and was subsequently converted into a Public Limited Company w.e.f. 27.05.1996 and consequently the name of the Company was changed to Lawreshwar Polymers Limited.)
Registered Office: Originally the Registered Office was located at E -100, Ambabari, Jaipur and was changed w.e.f 30.03.1996 to A-243 (A), Road No. 6, V K I Area, Jaipur 302013. Tel.:+91-141-5104901, 5104902 Fax:+91-141-5104977 Website: www.leharfootwear.com E-Mail: info@leharfootwear.com
Contact Person: Ms. Aadya Chauhan, Company Secretary & Compliance Officer

BASIS OF ALLOTMENT

Present Issue of 87,12,500 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 6/- per Equity Share aggregating Rs. 1394.00 Lacs. The Face Value of the Equity Shares Is Rs.10/- per Equity Shareand the Issue Price of Rs. 16/- per Equity Share is 1.6 times of the Face Value.

NET OFFER TO PUBLIC

Public Issue of 62,50,000 Equity Shares of Rs. 10/- each for Cash at a Premium of Rs. 6/- per Equity Share aggregating Rs. 1000.00 Lacs.

The Board of Directors of Lawreshwar Polymers Limited wish to thank the investing public for their response to the Company's maiden Public issue which opened for subscription on Monday 5^th February, 2007 and closed on Thursday, 8th February, 2007, The Company received 12,047 Gross applications for 3,81,63,200 Equity Shares. Of which valid applications were 11,719 for 3,70,12,800 Equity Shares. Of the total valid applications received, 11,659 applications were in the retail category for 2,81,27,200 Equity Shares and 60 applications in the Non-retail category for 88,85,600 Equity Shares.

The Public Issue was oversubscribed by 9.00 times in the case of the Retail Category and 2.84 times in the case of the Non-Retail Category.The Public Issue was oversubscribed over all 5.92 times.

In terms of the aforesaid Prospectus and also as per the guidelines issued by SEBI, not less than 50% of the net offerto the Public shall be available for allotment to Retail Individual Bidders and balance 50% of the net offer to the Public shall be available for allotment to individual applicants other than Retail individual investors and other investors including corporate bodies /institutions irrespective of number of shares applied for. However, out of the total subscription, 76% were applied for by Retail investors and 24% were applied for by Non Retail Investors. Hence the basis of allotment was drawn in the proportion of the subscription, i.e. 76% was proposed to be allotted to Retail Investors and the balance, i.e.24% to Non Retail Investors.

As required under the Listing Agreement, the basis of allotment has been approved by the designated stock exchange i.e. Bombay Stock Exchange Limited, on 8th March, 2007.The details of the valid applications received in the Issue from Non-Retail and Retail Individual Investors categories are as under (After technical rejections):

A. Allocation to Retail investors
The Basis of Allocation to the Retail Investors, at the Issue Price of Rs. 16/- per Equity Share, was finalized in consultation with BSE.The category was subscribed 9.00 times.The total number of shares allotted in this category is 47,50,705 Equity Shares (including 705 excess shares due to rounding off). The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Retail investors
The Basis of Allocation to the Non Retail Investors, who have applied at the Issue Price of Rs. 16/- per Equity Share for a total amount of Rs. 1,00,000 or more, was finalized in consultation with BSE. The category was oversubscribed 2.84 times. The total number of shares allotted in this category is 15,00,000 Equity Shares.

All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio.

The Board of the Company, at its Meeting held at the Registered Office of the Company in Jaipur on March 8,2007 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants or refund orders as the case may be to their address with the Depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS intimation Note and Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the Depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts. The company Is taking steps to get the Equity Shares admitted for trading on Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
These details of the allocation made have been hosted on the website of Registrars to the Issue, Bigshare Services Pvt. Ltd. at www.bigshareonline.com.
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 Application form, DPID and Client ID, number of shares applied for, Bank Branch Name where the application was submitted and payment details at the address given below:

Bigshare Services Pvt Ltd,
E2/3 Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri East,
Mumbai 400 077,Tei: +91 22 28470652, Fax: +91 22 28475207,
Email: ipo@bigshareonline.com Website: www.bigshareonline.com

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 LAWRESHWAR POLYMERS LIMITED.