PRECISION PIPES AND PROFILES COMPANY LIMITED

Originally incorporated as a partnership firm in the name and style of Precision Pipes and Profiles Company on 3rd April, 1978 having office of the firm at 4498, Raja Patni Street, Pahari Dhiraj, Sadar Bazar, Delhi. Our firm was converted into a Public Limited Company, w.e.f 18th October, 1995 under Part IX, of the Companies Act 1956 with the Registrar of Companies, NCT of Delhi & Haryana, with the name of Precision Pipes and Profiles Company Limited vide registration no. 55-073281. We got the Certificate for Commencement of business as on 1st November 1995.

Registered Office: 4561, Deputy Ganj, Sadar Bazar, Delhi-110 006, Tel: +9111 2361 2204, Fax: +91 11 2353 6205 Corporate Office: 13th Floor, Gopal Das Bhawan, 28, Barakhamba Road, Connaught Place, New Delhi-110 001
Tel: 91 11 2373 0505, Fax: 91 11 2332 4113 Website: www.precisionpipes.com E-mail: [email protected] Contact Person: Mr. Rama Kant, Company Secretary & Compliance Officer

This Issue is being made through a 100% Book Building Process wherein up to 50% of the Net Issue to the Public will be allocated to Qualified Institutional Buyers ("QIBs") on a proportionate basis. Out of which 5% will be available on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to all QIBs including Mutual Fund. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 100709 applications for 52957350 equity shares resulting in 10.5915 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investor 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 Allotment for all the categories namely Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was finalised in consultation with Bombay Stock Exchange Limited (Designated Stock Exchange) on 02 January 2008.

A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Issue Price of Rs. 150/- per Equity Share, have been considered while preparing the Basis of Allotment. The category was over subscribed 18.839623 times. The total number of shares allotted in this category is 1750005 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections)
All the bidders in the Non-Institutional Investors, who have bid at the Issue Price of Rs. 150/- per Equity Share, have been considered while preparing the Basis of Allotment. The category wise over subscribed 8.186280 times. The total number of shares allocated in this category is 749995 Equity Shares. The category-wise details of the Basis of Allotment are as under (Sample):

C. Allotment to QIBs
Allotment to QIBs has been done on a proportionate basis in consultation with BSE.

Dates of despatch of Refund Orders, Credit to Beneficiary Accounts, Refund instructions and Listing details

Refunds have been made through ECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories, for applicants residing at any of the 15 centres specified by SEBI. For other applicants Refund Orders have been despatched to their address as registered with the depositories. In case the same is not received within ten days, applicants may contact at the address given below. ECS Intimation Note and 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 have been credited to their beneficiary accounts.
The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allotment.

INVESTORS PLEASE NOTE
The details of the allotment made would be hosted on the website of Registrars to the Issue, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence 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 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:

Intime Spectrum Registry Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup
(West), Mumbai - 400 078
Tel.: + 91-22-2596 0320 Fax: + 91-22-2596 0329
Email: [email protected]
Website: www.intimespectrum.com
Contact Person: Mr. Sachin Achar

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUfTY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF PRECISION PIPES AND PROFILES COMPANY LIMITED