JYOTHY LABORATORIES LIMITED

We were incorporated as Jyothi Laboratories Private Limited on January 15,1992. We became a public limited company and our name was changed to Jyothi Laboratories Limited on October 6,1995. We further changed our name to Jyothy Laboratories Limited on August 12,1996.
Registered and Corporate Office: 43, Shivshakti  Industrial Estate, Andheri - Kurla Road, Marol, Mumbai 400 059
Tel: +91-22-2850 2470 Fax: +91-22-2850 1734.
E-mail: [email protected] Company Secretary and Compliance Officer Mr. M. L. Bansal
Website: www.jyothylaboratories.com

BASIS OF ALLOCATION

PUBLIC OFFER OF 4,430,260 EQUITY SHARES OF FACE VALUE OF RS.5 EACH FOR CASH AT A PRICE OF RS.690 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 685 PER EQUITY SHARE) AGGREGATING TO RS. 3,056.88 MILLION (THE OFFER") BY JYOTHY LABORATORIES LIMITED ("COMPANY"). THE OFFER CONSTITUTES 30.52% OF THE FULLY DILUTED POST OFFER PAID UP CAPITAL OF OUR COMPANY.

OFFER PRICE: Rs. 690 PER EQUITY SHARE OF FACE VALUE RS.5/-.THE OFFER PRICE IS 138 TIMES OF THE FACE VALUE.

The Offer is being made through the 100% Book Building Process wherein up to 50% of the Offer shall be allocated on a proportionate basis to QIB Bidders, out of which 5% of the QIB Portion shall be available for allocation on a proportionate basis to the Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to all QIB and Mutual Funds, subject to valid Bids being received from them at or above the offer price. Further, at least 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Bidders and at least 35% of the Offer will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Offer price.

The Offer received 214,827 applications for 201,188,750 equity shares resulting in 45.41 times subscription. The details of the applications received in the Offer from Qualified Institutional Bidders, 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 Allocation for all the categories namely Retail Individual Investors, Non Institutional Investors and Qualified Institutional Buyers was finalised in consultation with National Stock Exchange of India Limited (Designated Stock Exchange) on 10 December, 2007.

A. Allotment to Retail Investors (After Technical Rejections)
All the bidders in the Retail Investors, who have bid at cut-off or at the Offer Price of Rs. 690/- per Equity Share, have been considered while preparing the basis of allocation. The category was over subscribed 13.969379 times. The total number of shares allotted in mis category is 1550590 Equity Shares. The category-wise details of the Basis of allocation are as under

B, Allotment to Non Institutional Investors (After Technical Refections)
All the bidders in the Non-Institutional Investors, who have bid at the Offer Price of Rs. 690/- per Equity Share, have been considered while preparing the basts of allocation. The category was over subscribed 49.291209 times.fhe total number of shares allocated in this category is 664540 Equity Shares. The category-wise details of the Basis of allocation are as under (Sample)

C, Allotment to QIBs
Allocation to QIBs has been done on a proportionate basis In consultation with NSE.

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 overprinted 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 allocation made would be hosted on the website of Registrars to the Offer, Intime Spectrum Registry Limited at www.intimespectrum.com
All future correspondence in this regard may kindly be addressed to the Registrars to the Offer 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, LB.S. Marg, Bhandup (W), 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

This advertisement is restricted and is not for publication in or distribution into the United States. This advertisement does not constitute an offer for sale within the United States of any Equity Shares or any other security of the Company. No securities of the Company have been or will be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act"), and no securities of the Company may be offered or sold in the United States absent such registration under the U.S. Securities Act or an exemption from such registration.