Ramky Infra IPO Basis of Allotment

(Our Company was incorporated on April 13, 1994 under the provisions of the Companies Act, 1956.
Registered and Corporate Office: 6-3-1089/G/10 & 11,1st Floor, Gulmohar Avenue, Raj Bhavan Road, Somajiguda, Hyderabad-500 082.Tel: +91-40-2331 0091, Fax: +91-40-23302353 Email:investors@ramky.com Website:www.ramkyinfrastructure.com

BASIS OF ALLOTMENT

THE ISSUE PRICE IS 45 TIMES THE FACE VALUE

Pursuant to first proviso to Rule 19(2)(b) (read with erstwhile Rule 19(2)(b)) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR') read with Regulation 41 (1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations'), this being an Issue for less than 25% of the post-Issue share capital, is being made through the Book Building Process wherein at least 60% of the Issue shall be Allotted to Qualified Institutional Buyers ('QIBs'). If at least 60% of the Issue cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. In addition, in accordance with first proviso to Rule 19(2)(b) (read with erstwhile Rule 19(2)(b)) of the SCRR, a minimum of two million Equity Shares shall be offered to the public through this Issue and the size of this Issue shall aggregate to at least Rs. 1,000 million. Our Company and the Selling Shareholders may, in consultation with the Book Running Lead Managers, allocate up to 30% of the QIB Portion on a discretionary basis to Anchor Investors at the Anchor Investor Price, out of which at least one-third will be available for allocation to domestic Mutual Funds only. In the event of under-subscription or non-Allotment in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. For further details, see 'Issue Procedure' on page 249.5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. In the event of under-subscription in the Mutual Fund Portion, the balance Equity Shares in the Mutual Fund Portion will be added to the Net QIB Portion and will be allocated QIBs (including Mutual Funds) on a proportionate basis, subject to valid Bids being received from them at or above the Issue Price. Not less than 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. Any Bidder (other than Anchor Investor), may participate in this Issue though the ASBA process by providing the details of the bank accounts in which the corresponding Bid amounts will be blocked by the SCSBs.

The Issue received 31737 applications for 32184236 equity shares resulting in 2.73 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors and Anchor Investor categories are as under: (Before technical rejections)

Final Demand

A summary of the final demand as per the BSE and the NSE as on the Bid/ Issue Closing Date at different bids is as detailed hereunder

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the National Stock Exchange Limited ('NSE') on October 04,2010.

The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or above the Issue Price of Rs.450/- per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.97 times and hence allotment was done on full and firm basis to all valid applicants. There were 10339 applications for 13903932 equity shares made under ASBA process. Of these 9892 applications for 3690679 equity shares were found valid and they were considered for allotment on full and firm basis. Unsubscribed portion in retail category was allocated to QIB and Non Institutional Investor in the ratio of 6:1. The total number of shares allotted in Retail Individual Investor category is 3432464 Equity Shares which were allotted to 30522 successful applicants.

The Basis of Allocation to the Non-Institutional Investors, who have bid at or above the Issue Price of Rs.450/- per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 1.43 times. Overall 70 applications for 1192187 equity shares were found valid and they were considered for allotment on full and firm basis.

The Basis of Allocation to the Qualified Institutional Bidders, who have bid above the Issue price of Rs.450/- per Equity Share was finalized on the price priority basis. Overall 38 applications for 23847866 Equity Shares were found valid and the quantum of shares allotted to this category is 5114665 and on proportionate basis.

The Company allotted 2,038,461 equity shares to 14 Anchor Investors in consultation with the Lead Managers.

The IPO Committee of the Board of Directors of the Company at its Meeting held at Hyderabad on 5th October, 2010 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on or prior to 06.10.2010. Further, the instructions to Serf Certified Syndicate Banks have been dispatched on or prior to 05.10.2010. In case the same is not received within 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity 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 the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within twelve working days from the date of closure of the Issue.

INVESTORS PLEASE NOTE
On page no 28 of the Prospectus dated September 28,2010, please read the Paid Up Share Capital after the Issue as 57,197,791 instead of 57,197,790.

This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the Bid-cum- Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: Ramky Infrastructure Limited 7 to24 Vithalrao Nagar, Hitech City Road, Madhapur
Hyderabad - 500 081, Fax: 040-23420814, Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER - 1-800-3454001

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RAMKY INFRASTRUCTURE LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Ramky Infrastructure Limited is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Prospectus with the Registrar of Companies (ROC). The Prospectus is available on the website of SEBI at www.sebi.gov.in and the websites of the BRLMs at www.enam.com, www.db.com/lndia