20 MICRONS LIMITED

[incorporated as a Private Limited Company on June 29,1987 under the Companies Act, 1956 as 20 Microns Private Limited vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat. The name of the Company was changed to 20 Microns Ltd. upon conversion into Public Limited Company with effect from January 17,1994 and a fresh Certificate of Incorporation was obtained from Registrar of Companies, Gujarat. Our Company has been allotted CIN No U99999GJ1987PLC009768]
Registered Office: 9/10,GIDC Industrial Estate, Waghodia-391760, Vadodara, Gujarat, India. Tel: +91-2668-262001; Fax: +91-2668-262447; Email: [email protected];
Website: www.20microns.com Contact Person: Mr. Nikunj Savaliya, Company Secretary & compliance Officer

The Issue made through the 100% Book Building Process wherein upto 50% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QlBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 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. Further upto 2,17,532 equity shares shall be available for allocation on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price.
The Issue received 24,122 applications for 1,74,23,800 shares resulting in 4 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee 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 Bombay Stock Exchange Limited ("BSE") on 25th September, 2008.

A. Allocation to Employees (After Technical Rejections)
The Basis of Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs. 557- per Share was finalized in consultation with BSE. The category was over subscribed 1.195686 times. The total number of Shares allotted in this category is 2,17,532 Shares to 78 successful applicants. The category wise details of the Basis of Allocation are as under (Sample):

B. Allocation to Retail Individual investors (After Technical Rejections)
The Basis of Allocation to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 55/- per Share, was finalized in consultation with BSE. The category was over subscribed 8.77 times. The total number of shares allotted in this category is 15,91,929 to 11,312 successful applicants including spill over from QIB Category (1,44,725, Shares) 619 additional shares were allotted due to rounding off in this category. The category-wise details of Basis of Allocation are as under

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to Non-Institutional Investors, who have bid at the Issue Price of Rs. 55/- per Share, was finalized in consultation with BSE. The category was over subscribed 1.071423 times. The total number of Shares allotted in this category is 6,81,990 Shares to 78 successful applicants including spill over from QIB Category (62,025 Shares). The category-wise details of Basis of Allocation are as under (Sample):

D. Allocation to QIBs
Allocation to QIBs has been done on a firm allotment basis in consultation with BSE. The category was unsubscribed to the extent of 2,06,750 shares I which has been added to Retail category (1,44,725 shares) and Non Institutional Investors (62,025 Shares). The category-wise details are as under:

The Board of Directors of the company at it's meeting held at Vadodara on September 25,2008 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten 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 shares allocated to successful applicants has been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company has taken steps to get the shares admitted for trading on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

The details of the allocation 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 tfie 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, LBS Marg,
Bhandup West, Mumbai - 400 078.
Tel: 91 22 2596 0320, Fax: 91 22 2596 0329
Email:[email protected]

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 20 MICRONS LIMITED