MBL Infra IPO Basis of Allotment

MBL Infrastructures Limited

(Our Company was originally incorporated as Maheshwari Brothers Limited on August 25,1995 at Registrar of Companies, West Bengal, under the Companies Act 1956. The name of our Company was changed to MBL Infrastructures Limited with effect from July 05,2006. For details of incorporation and change of name please refer to the section titled 'History and Certain Corporate Matters' beginning on page 90 of the Prospectus.)

Registered Office and Corporate Office: 23A, Netaji Subhas Road, 3rd Floor, Suite 14, Kolkata 700 001.
Tel No: + 91 33 2230 1671/2353; Fax No:+91 33 2230 8807
Corporate Office: SU 2-3, Bhikaji Cama Bhawan, Bhikaji Cama Place, Ground Floor, New Delhi-110 066,
Tel No: +91 11 2618 3937; Fax No: +91 11 2616 7547  Saket Estates, 2 Floor, Premises No. 2C, 2, Ho Chi Minh Sarani Kolkata 700 071, Tel No: + 91 33 2282-0404/05/08/07/08/09; Fax No: + 91 33 2282 0405
Website: www.mblinfra.com; E-mail: cs@mblinfra.com;
Contact Person: Mr, Nitin Bagaria, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 57, 00,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 180/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 170/- PER EQUITY SHARE) AGGREGATING TO RS. 10,260 LACS, (THE ISSUE'), BY MBL INFRASTRUCTURES LIMITED ('OUR COMPANY', OR THE ISSUER'): THE ISSUE INCLUDES NET ISSUE TO THE PUBLIC OF 56,00,000 EQUITY SHARES AND A RESERVATION OF UPTO 1,00,000 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE EMPLOYEE RESERVATION PORTION') AT THE ISSUE PRICE. THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION IS REFERRED TO AS THE 'NET ISSUE'.THE ISSUE WILL CONSTITUTE 32.55% AND THE NET ISSUE WILL CONSTITUTE 31.97% OF THE FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF OUR COMPANY.

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') and the trading is expected to commence on or about January 14,2010.

THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.180/- AND IT IS 18 TIMES THE FACE VALUE. THE ANCHOR INVESTOR ISSUE PRICE IS RS. 180/-PER EQUITY SHARE.

The Issue was made through the 100% Book Building Process wherein not more than 50% of the Net Issue was to be available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs') (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, Not less then 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less then 35% 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. Further upto 1,00,000 equity shares shall be available for allocation on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price.

The Company has allocated 8,40,000 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis at Rs. 180/- per equity share in accordance with the SEBI Regulation. The Issue received 3,688 applications for 96,01,060 equity shares resulting in 1.68 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under (Before technical rejections)

Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Issue Closing date at different bid prices is as under:

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on January 05,2010.

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs.180/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.12 times. As per the Red Herring Prospectus, the spill over portion to the extent of 87,680 equity shares has been added to the QIB, Non Institutional Investors & Retail category. The total number of shares allotted in this category is 12,320 Equity Shares to 26 successful applicants. The category-wise details of the Basis of Allocation (Sample) are as under

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investois, who have bid at cut-off or at the issue Price of Rs. 180/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.33 times. As per the Red Herring Prospectus, the spill over portion to the extent of 13,31,008 equity shares has been added to the QIB & Non Institutional Investors category, after adding the spill over portion from Employee Category to the extent of 30688 equity shares. The total number of shares allotted in this category is 6,59,680 Equity Shares to 3138 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 cut-off or at the Issue Price of Rs. 180/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.67 times. As per the Red Herring Prospectus, the spill over portion to the extent of 4,08,534 equity shares has been added to the QIB category, after adding the spill over portion from Employee Category to the extent of 13,152 equity shares and from Retail Category to the extent of 3,99,302 equity shares. The total number of shares allotted in this category is 8,43,920 Equity Shares to 26 successful applicants. The category-wise details of the Basis of Allocation are (Sample) under:

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were initially allotted 5% of the quantum of shares available (1,67,204), including Spill over from Employee Category to the extent of 2,192 Equity Shares, Retail Category to the extent of 46,585 Equity Shares and Non Institutional Investors to the extent of 20,427 Equity Shares, and other QIBs were allotted the remaining available shares (31,76,876) on proportionate basis, including Spill over from Employee Category to the extent of 41,648 Equity Shares, Retail Category to the extent of 8,85,121 Equity Shares and Non Institutional Investors to the extent of 3,88,107 Equity Shares, was allotted to other QIBs on proportionate basis

E. Allocation to Anchor Investors
Allocation to Anchor Investors has been done on a proportionate basis in consultation with BSE. As per the SEBI regulations, 30% of QIB Reservation (28,00,000 Equity Shares) was allotted to Anchor Investors (8,40,000 Equity Shares).

The Board of Directors of the company at its Meeting held at Kolkotta on January 05,2010 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and notices will be dispatched 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 over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to 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 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 to the prospectus dated December 23,2009 ('Prospectus').

These 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
C-13, Pannalal Silk Mills Compound,
L.B.S Marg, Bhandup (West), Mumbai-400078
Email: mbl.ipo@linkintime.co.in