Rathi Bars IPO Basis of Allotment

RATHI BARS LIMITED

Incorporated on 10th Day of August 1993 as Rathi Bars Limited under the Companies Act, 1958 and received the Certificate for Commencement of Business on 18th Dayof March 1994.
Regd. Office: A-24/7, Mohan Co-operative Industrial Estate, Mathura Road, New Delhi-110044
Tel: +91-11-41831191-96, Fax: +91-11-41679787, Email: contact@rathisteels.com, Webste: www.rathisteels.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 7142857 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRCE OF RS. 35 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 25 PER EQUITY SHARE AGGREGATING RS. 2500 LACS (REFERRED TO AS THE 'ISSUE'). THE ISSUE WILL CONSTITUTE 43.74% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS.35 AND IT IS 3.5 TIMES THE FACE VALUE.
The Board of Directors of Rathi Bars limited wish to thank the investing public, for their response to the issue which opened for subscription on 18th October, 2007 and closed on 23rd October, 2007. The Issue has received 14,740 applications for 1,59,67,602 Equity Shares resulting in 2.16 times subscription. The Basis of allotment was finalised in consultation with the Designated Stock Exchange Bombay Stock Exchange Limited ('BSE') on 16th November, 2007. The details of the Applications received in the Issue from NRI/FIIs, Non-Retail Investors, Retail Individual Investors and Employee categories (before technical rejections) are as under:

A. Allotment to Employees (After Technical Rejections)
There were no valid applications received from the permanent employees of the company .Hence no allotment has been made to them.

B. Allotment to Retail lndividual lnvestors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have applied at the Issue Price of Rs. 35 per Equity Share, was finalised in consultation with BSE. The category was subscribed to the extent of 2.16times. The total number of shares allotted in this category is 6776269 Equity Shares to 12451 successful applicants. The category-wise details of allotment are as under:

C. Allotment to Non Retail Investors(After Technical Rejections)
The Basis of Allotment to the Non-Retail Investors, who have applied at the Issue Price of Rs.35 per Equity Share, was finalised In consultation with BSE. The category was subscribed to the extent of 2.16 times. The total number of shares allotted in this category is 235338 Equity Shares to 30 successful applicants. The category-wise details of Allotment are as under:

D. Allotment to NRI/Flls

The Basis ot Allotment to the NRI / Flls, who have applied at the Issue Price of Rs.35 per Equty Share, was finalised in consultation with BSE. The category was subscribed to the extent of l.0 times. The total number of shares alloted in this category is 131250 Equity Shares to 85 successful applicants. The category-wise details of Allotment are as under:

The Commitee of Directors of the company at its meeting held at New Delhi on16thNovember,2007 has approved the basis of allotment of shares and has allotted the shares to various successful applicants.
The various activities related to Dispatch of refund orders, Credit of shares allotted to beneficiary accounts and listing of securities of the Company are listed below.

INVESTORS PLEASE NOTE
These details of the Allotment made have been hosted on the website of Registrars to the Issue, Mas Services Limited at www.masserv.com
All future correspondence in this regard may kindly be addressed to the Registars to the issue quoting full name of the first/ sole applicant, serial number of the application form, number of shares applied for, and place where the application was submitted and payment details  at the address given below.

MAS SERVICES LIMITED
Unit; RATHI BARS LIMITED
AB-4,Safdarjung Enclave, New Delhi 110029, Tel: 011-26104142,26104292,26104326
Email: info@masserv.com

THE LEVELOFSUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATWE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF RATHI BARS LIMITED.