Thinksoft IPO Basis of Allotment

(The Company was incorporated as Relliant Global Services (India) Private Limited on June 8, 1998 at Bangalore, Karnataka under the Companies Act, 1956 with company registration no.08/23821. On December 17, 1999, the Company's name was changed to Thinksoft Global Services Private Limited. It became a Public Company pursuant to a special resolution of the shareholders of the Company at an Extra-Ordinary General Meeting held on July 22, 2008 and the word "Private" was deleted from its name. The certificate of incorporation reflecting the new name was issued on August 19, 2008 by the Registrar of Companies, Tamilnadu, Chennai, Andaman & Nicobar Islands. The Registered Office of the Company was shifted from S-912 Manipal Centre, Dickenson Road, Bangalore - 560 042 to the present address . vide Fresh Certificate of Incorporation consequent on change of registered office address issued by the Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands dated February 26, 2008).

Registered Office: Type II, Unit-5, Dr.Vikram Sarabhai Instronics Estate, Thiruvanmiyur, Chennai - 600 041, India, www.thinksoftglobal.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 36,46,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS.125/- PER EQUITY SHARE AGGREGATING RS. 4557.50 LAKHS (THE "ISSUE") BY THINKSOFT GLOBAL SERVICES LIMITED {THE "COMPANY" OR "THE ISSUER"). THE ISSUE CONSISTS OF A FRESH ISSUE OF 13,50,000 EQUIOTY SHARES BY THE COMPANY AND AN OFFER FOR SALE OF 22,96,000 EQUITY SHARES BY EURO INDO INVESTMENTS (Ell) & MR VINOD GANJOOR (HEREINAFTER REFERRED TO AS THE "SELLING SHAREHOLDERS"). THE ISSUE WOULD CONSTITUTE 36.27% OF THE POST-ISSUE PAID-UP EQUITY CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10 AND THE ISSUE PRICE IS Rs.125/- PER EQUITY SHARES, WHICH IS 12.5 TIMES THE FACE VALUE.

The Issue is made through the 100% Book Building Process wherein upto 50% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to be specifically allotted to mutual funds), further, atleast 15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 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.

The Issue received 13465 applications for 7714412 Equity Shares resulting in 2.11 times subscription. The details of the applications received in the Issue from QIBs, Non-Institutional and Retail Individual Investors categories are as under: (Before technical rejections).

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

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ("NSE") on October 14,2009.

A. Allocation to Retail Individual Investors (Including ASBA Applications) (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 125/- per Equity Share or above, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 2.05 times. Overall 13059 applications for 4795350 Equity Shares were found valid and they were considered for allotment. The above includes 1092 valid applications for 112733 equity shares made under the ASBA process. The total number of shares allotted in Retail Individual Investor category is 2336810 Equity Shares (including spill over of 1060710 equity shares being 70% of the unsubscribed portion of the QIB reservation) to 10816 applicants. The category-wise details of the Basis of Allocation are as under:s

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 125/- per Equity Share or above, was finalized in consultation with NSE. This category has been over-subscribed to the extent of 2.23 times. Overall 66 applications for 2241850 equity shares were found valid and they were considered for allotment. The total number of equity shares allotted in this category is 1001490 (including spill over of 454590 equity shares being 30% of the unsubscribed portion of the QIB reservation) to 66 applicants. The category-wise details of the Basis of Allocation (sample) are as under:

C. Allocation to QIBs (After Technical Rejections)
The Basis of Allocation to the Qualified Institutional Investors, who have bid at the Issue Price of Rs. 125/- per Equity Share or above, I was finalized in consultation with NSE. Overall 2 applications for 3,07,700 Equity Shares were found valid and they were considered for allotment.

The Board of Directors of the Company at its meeting held at Chennai on October 14,2009 has approved the basis of allocation of Equity Shares of the Issue and has allotted the Shares to various successful applicants.
The CAN-cum-Refund Orders and Refund credit advice have been dispatched to the address of the investors as registered with the depositories on Friday, October 16,2009. In case the same is not received within ten days, investors may contact at the address given below. The company has filed listing applications with the stock exchanges on Friday, October 16,2009. 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 have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Equity Shares of the Company admitted for trading on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited w.e.f. October 26,2009.

INVESTORS PLEASE NOTE
These 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 correspondences 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 Equity 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:

Karvy Computershare Private Limited
Unrt:THINKSOFT GLOBAL SERV1CES LIMITED
TOLL FREE - HELPLINE NUMBER
Plot No.17 to 24,Vitharao Nagar,Hitech City Road, Madhapur, Hyderabad-500081, Fax:040-23420814
Email: einward.ris@Karvy.com

TOLLFREE-HELPLINE NUMBER1-800-3454001

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 THINKSOFT GLOBAL SERVICES LIMITED. S