PORWAL AUTO COMPONENTS LIMITED

(Our Company was incorporated as Porwal Auto Components Private Limited on 03rd February, 1992 under the Companies Act, 1956 with the Registration No. 10-06912 of 1992. The Company was converted into a Public Limited as "Porwal Auto Components Limited" after passing the necessary resolution in the Extra Oridinary General Meeting held on September 09,1992 and the Registrar Of Companies; Gwalior Madhya Pradesh had issued a fresh certificate of incorporation on 12th October, 1992}
Registered Office: Kanti Mansion. 6-Murai Mohalla, Indore - 452001, Madhya Pradesh, India. Tel: (0731) 4051704
Fax No : (0731) 4051709. Factory: 209 Sector I Industrial Area, Pithampur - 454775, Madhya Pradesh, India.
Tel: (07292) 405101 Fax No : (07292) 405120. Website: www.porwalauto.com, E-mail: [email protected]; Contact Person : Mrs. Raina Ajmera, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 50,00,000 EQUITY SHARES OF BS. 10/- EACH AT A PRICE OF RS. 75/- PER EQUITY SHARE FOR CASH AGGREGATING RS 3750.00 LAKHS (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE CONSTITUTE 33.11% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 75/- PER EQUITY SHARE OF FACE VALUE RS. 10/-EACH THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE.
The Issue was made through the 100% Book Building Process where up to 50% of the Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% was to be made available for allocation on a proportionate basis to Mutual Funds only and the remainder was to be made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, upto l5% of the Issue was to be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was to be made available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.

The Board of Directors of Porwal Auto Components Limited wish to thank the investing public for their response to the Issue which opened for subscription on December 17, 2007 and closed on December 20, 2007. The basis of allotment has been finalized in consultation with the Bombay Stock Exchange Limited (BSE), the Designated Stock Exchange on January 03,2008 and the equity shares have been allotted as per details given below:

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

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - the Bombay Slock Exchange of India Limited ("BSE") on January 03,2008.

A. ALLOTMENT TO RETAIL INDIVIDUAL BIDDERS
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The Company has received 9,588 valid applications for 34,42,560 Equity Shares in this category resulting in 1.97 times subscription. The number of Equity Shares allotted to Retail Individual Bidders is 34.42,560. Full and firm allotment has been made to all valid applications in this category.

B. ALLOTMENT TO NON-INSTITUTIONAL BIDDERS
The Basis of Allotment to the Non-Institutional Bidders, who have bid for at the Issue Price of Rs. 75/- per Equity Share, was finalized in consultation with BSE. The Banks have received 12 valid applications (including 3 direct applications) for 11,06,800 Equity Shares in this category resulting in 1.48 times subscription. The number of Equity Shares allotted to Non-Institutional Bidders is 11,00,080. Full and firm allotment has been made to all valid applications in this category.

C. ALLOTMENT TO QUALIFIED INSTITUTIONAL BUYERS

The Board of Directors for Issue of the Company vide resolution dated January 03,2008 have approved the basis of allotment of Equity Shares and allotted the Equity Shares to various successful applicants.
The Refund orders, allotment advice and Intimation regarding refund through electronic modes (ECS. RTGS, NEFT to Direct Credit) has been dispatched to the address of the investors as registered with the depositories on January 04,2008. in case the same is not received within ten (10) days, investors may contact the Registrar 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 The Bombay Stock Exchange, Mumbai ("BSE") and Over the Counter Exchange of India ("OTCEI") within seven (7) working days from the date approval of Basis of Allotment.

INVESTOR PLEASE NOTE
These details of allotment made would be hosted on the website of the Registrar to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue, Intime Spectrum Registry 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:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound.
L.B.S.Marg,Bhandup(W),Mumbai-400078
Tel: +91 - 22 - 2596 0320; Fax: + 91 - 22 - 2596 0329
Email: [email protected] 5
Website: www.intimespectfum.com; Contact person: Mr. Sachin Achar

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 PORWAL AUTO COMPONENTS LIMITED.