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January 18, 2007 - January 23, 2007

Technocraft IPO Basis of Allotment

TECHNOCRAFT INDUSTRIES (INDIA) LIMITED

(Incorporated on October 22nd, 1991 as Technocraft Industries (India) as an unlimited company under part IX of the Companies Act, 1956, Subsequently the company was re-registered to a public limited company and received a certificate for re-registration on October 28th, 1992.)

Registered Office and Corporate Office: M.I.D.C Street No.3, Marol Industries Area A-25, Road No.3, Andheri (E) Mumbai – 400 093. On June 5th 2000, the registered office of the Company was shifted from 135-A, Mittal Court, Nariman Point, Mumbai –400 021 to Technocraft Industries (India)Limited, M.I.D.C Street No.3, Marol Industries Area A-25, Road No.3, Andheri (E) Mumbai – 400 093. Tel: +91-22-40982222; Fax: +91-22-28356559
Compliance Officer: Mr. Manoj Jain, Company Secretary cum Compliance Officer;
E-mail: ipo@technocraftgroup.com ; Website: www.technocraftgroup.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 83,20,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT AN ISSUE PRICE OF RS.105 PER EQUITY SHARE AGGREGATING TO RS. 8736.00 LACS(HEREINAFTER REFERRED TO AS ‘THE ISSUE’). THE ISSUE COMPRISES 4,20,000 EQUITY SHARES OF RS. 10/- EACH AGGREGATING TO RS. 441.00 LACS RESERVED FOR EMPLOYEES OF THE COMPANY AND NET ISSUE TO PUBLIC OF 79,00,0000 EQUITY SHARES OF RS. 10/- EACH AGGREGATING TO RS. 8295.00 LACS. THE NET ISSUE WOULD CONSTITUTE 25.06% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE IS 10.5 TIMES OF THE FACE VALUE.

The issue was made through the 100% book building process wherein upto 50% of the Issue to the public was to be allocated on a proportionate basis to Qualified Insititutional Buyers(QIBs), out of which 5% of the QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers(QIBs) out of which 5% of the QIB portion shall be available for allocation on a proportionate baisi of Qualified Institutional Buyer, including Mutual Funds, subject to valid bids being received or above Institutional Bidders atleast 35% of the Net Issue to the public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being receiver at or above the Issue Price.

The Board of Directors of Technocraft Industries (India) Limited wish to thank the investing public for their responses to the issue which opened for subscription on January 23, 2007. The Issue has received 54,982 applications for 8,75,03,218 Equity Shares, resulting in 10.52 times subscription. The details of the subscription received in the Issue from QIBs, Non-Institutional, Retail Categories and Employees are as under.

Category No. of Applications No. of Equity Shares bid Subscription
Qualified Institutional Buyers 69 46009340 11.65 times
Non- Institutional Bidders 149 19010680 16.04 times
Retail Individual Bidders 52542 21252465 7.51 times
Employees 40 353470 0.84 times

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

Bid Price No. of Equity Shares % to Total Cumulative Equity Shares Cumulative %
95 1176045 1.33 88451610 100
96 1105 0.00 87275565 98.67
97 130 0.00 87274460 98.67
98 7280 0.01 87274330 98.67
99 195 0.00 87267050 98.66
100 20475 0.02 87266855 98.66
101 1170 0.00 87246380 98.64
102 3120 0.00 87245210 98.64
103 195 0.00 87242090 98.64
104 325 0.00 87241895 98.64
105 67988765 76.67 87241570 98.64
CUT – OFF 19252805 21.77 19252805 21.77
TOTAL 88451610 100.00

The Basis of Allocation was finalized in consultation with the Designated Stock Exchange – The Bombay Stock Exchange Limited ('BSE') February 05, 2007.

A) ALLOCATION TO RETAIL INDIVIDUAL BIDDERS
The Basis of Allocation to Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs.105/- per Equity Share, was finalized in consultation with BSE. The Company has received 52542 valid applications for 21252465 Equity Shares in this category resulting in 7.51 times subscription. The Unsubscribed portion of 66530 Equity Shares of Employees category has been offered to the retail category. The category-wise details of the Basis of allotment are as under.

Category No. of Applications % to Total Total No. of Shares applied % to Total No. of Shares allocated Ratio Total No. of Shares allocated
65 11557 22.00 751205 3.53 65 2:15 100100
130 7486 14.25 973180 4.58 65 4:15 129740
195 4151 7.90 809445 3.81 65 2:5 107900
260 3302 6.28 858520 4.04 65 49.92 114270
325 1599 3.04 519675 2.45 65 2:3 69290
390 1069 2.03 416910 1.96 65 4:5 55575
455 8507 16.19 3870685 18.21 65 45.48 518375
520 & onwards Firm Proportionate

B) ALLOCATION TO NON-INSTITUTIONAL BIDDERS
The Basis of Allocation to Non-Institutional Bidders, who have bid for at the Issue Price of Rs.105/- per Equity Share, was finalized in consultation with BSE. The Company has received 149 valid applications for 19010680 Equity Shares in this category resulting in 16.04 times subscription. The category-wise details of the Basis of allotment are as under.

Category No. of Applications % to Total Total No. of Shares applied % to Total No. of Shares allocated Ratio Total No. of Shares allocated
195 2 1.34 390 0.00 65 1:2 65
455 1 0.67 455 0.00 65 Firm 65
520 1 0.67 520 0.00 65 Firm 65
910 4 2.68 3640 0.02 65 1:2 130
975 10 6.71 9750 0.05 65 9:10 585
1040 & onwards Firm Proportionate

C) ALLOCATION TO QUALIFIED INSTITUTIONAL BIDDERS

Category FIs / Banks MFs FIIs Insurance Companies Foreign Banks Venture Capital Total
No. of Equity Shares 494386 1832751 1598680 16383 NIL 7800 3950000

D) ALLOCATION TO ELIGIBLE EMPLOYEES

All the bidders in the Employees category, who have bid at cut-off or at the Issue Price of rs.105/- per Equity Shares, have been considered while preparing the basis of allotment. The category was subscribed 0.84 times. The total number of shares allotted in this category is 353470 Equity Shares.

The Board of Directors of the Issue of the Company vide resolution dated February 05, 2007, has approved the basis of allocation of Equity Shares and allotted the Equity Shares to various successful applicants.

The Confirmation of Allocation Note('CAN') and Refund Orders in respect of refunds due to applicants have been dispatched to the address of the Investors as registered with the depositories. In case the same is not received with in (10) 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 Equity Shares allotted to successful applicants are being credited to their respective 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 National Stock Exchange of India Limited('NSE') and The Bombay Stock Exchange Limited ('BSE') within seven (7) working days from the date approval of Basis of Allocation.

INVESTORS PLEASE NOTE

These details of allocation made would be hosted on the website of the Registrator to the Issue, Datamatics Financial Services Limited at www.dfssl.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Datamatics Financial Services Limited, 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.

Datamatics Financial Services Limited
Plot No. A-16 & 17, Part B, Crosslane, MIDC,
Marol, Andheri (E), Mumbai 40 093
Tel: +91 22 28375519-24, Fax: +91 22 28350217,
Website: www.dfssl.com, Email: technocraft@dfssl.com,

This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.

Place : Mumbai
Date :  February 07, 2007

For TECHNOCRAFT INDUSTRIES (INDIA) LIMITED
On behalf of the Board of Directos
Sd/-
S.K.Saraf
Managing Director

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 TECHNOCRAFT INDUSTRIES (INDIA) LIMITED.

Technocraft IPO Basis of Allotment FAQs

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

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

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