Basis of Allotment
LOKESH MACHINES LIMITED

LOKESH MACHINES LIMITED

(The Company was incorporated as a "Public Limited Company" vide Registration No. 01-4319 on December 17, 1983 in Hyderabad under the Companies Act, 1956 and obtained certificate for commencement of business on February 9, 1984) Registered Office: B-29, EEIE Stage-II, Balanagar, Hyderabad-500 037, Andhra Pradesh, India.
Tel.: +91 40 23079310/23079313, Fax: +91 40 23078274, Email: info@lokeshmachines.com,
Website- www.lokeshmachines.com

Company Secretary and Compliance Officer: Mr. D. Subrahmanya Sarma

BASIS OF ALLOTMENT

Public Issue of 30,00,000 Equity Share  Rs.10/- each for cash at a price of Rs.140/-per Equity Share aggregating Rs.4200 Iacs.The issue would constitute 25.47% of the fully diluted post issue capital of the company.
The Issue received 62,704 applications for 5,81,20,350 Equity Shares resulting in 19.37 times subscription.

The Basis of Allotment of Public Issue was approved by Bombay Stock Exchange Limited(Designated Stock Exchange) on April 27, 2006. The Board of Directors of the Company at its Meeting held at Mumbai on April 27, 2006 allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

PUBLIC ISSUE

The details of valid applications received in the Issue from Retail Category, Corporates / Institutions (Non Retail

Category No. of Valid
Applications		 No. of Equity Shares
Applied		 Subscription
(No. of times)
Retail Bidders 60401 19070700 18.16
Non institutional Investors 171 8999100 19.99
Qualified Institutional Buyers 44 29438700 19.62

A. Allotment to Retail Investors:
The total number of Equity Shares allotted in this category are 10,50,000 Equity Shares (35% of total Equity Shares allotted). The category-wise details of allotment are given below:

Category No. of
Applications		 % of total
Applications		 Total No. of
Equity Shares
Applied		 % ofTotal
Equity Shares
Applied		 Propor-
tional
Allocation		 Ratio of
Allotment		 Total No. of
Equity Shares
Allotted
50 8045 13.32 402250 2.11 22147 1:18 22350
100 7680 12.72 768000 4.03 42285 1:9 42650
150 4257 7.05 638550 3.35 35157 1:6 35500
200 4685 7.76 937000 4.91 51590 5:23 50900
250 2239 3.71 559750 2.94 30819 5:18 31100
300 2700 2.47 810000 4.25 44597 1:3 45000
350 17874 29.59 6255900 32.80 344439 5:13 343750
400 676 1.12 270400 1.42 14888 4:9 15000
450 167 0.28 75150 0.39 4138 1:2 4200
500 317 0.52 158500 0.83 8727 5:9 8800
550 93 0.15 51150 0.27 2816 15:22 3150
600 172 0.28 103200 0.54 5682 2:3 5750
650 127 0.21 82550 0.43 4545 13:18 4600
700 11369 18.82 7958300 41.73 438170 10:13 437250

B. Allotment to Non Institutional Category:
The total number of Equity Shares allotted in this category are 4,50,000 Equity Shares (15% of total Equity Shares allotted). The category-wise details of allotment are given below:

Category No.of Applications % of total Applications Total No.of Equity Shares Applied % of Total Equity Shares Applied Propertional Allocation Ratio of Allotment Total No. of Equity Shares Allotted
750 23 13.45 17250 0.19 863 3:4 850
800 3 1.75 2400 0.03 120 2:3 100

All the applicants who have applied for 900 Equity Shares and above have been given FIRM allotment on PROPORTIONATE BASIS.

C. Allotment to Qualified Institutional Buyers (Q1Bs): The total number of Equity Shares allotted in this category are 15,00,000) Equity Shares (50% of total Equity Shares allotted). All the applicants in this category have been given Firm Allotment on a PROPORTIONATE BASIS: Out of 15,00,000 Equity Shares offered to QIBs as per the terms of the issue, 75,000 Equity Shares (i.e 5% of 15,00,000) has been allotted proportionately to mutual funds. Mutual funds applicants have also been considered eligible for proportionate allotment for the balance Equity shares in QIBs category i.e 14,25,000.

Dates of despatch of Refund Orders, Credit to beneficiary Accounts, Refund Instructions
Activity Date of Completion
Approval of Basis of Allotment by BSE April 27, 2006
Despatch of Allotment Advices, Refund Orders and ECS Intimation Note April 28, 2006
Listing Application to BSE and NSE May 02, 2006
Electronic credit to Beneficiary Accounts with CDSL and NSDL April 28, 2006

Refunds have been made through ECS, 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.

INVESTORS PLEASE NOTE:
The details of allotments made, have been hosted on the website of the Registrars to the issue, Karvy Computershare Pvt. Ltd. at www.karvy.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 No. of the Bid-cum-Application form, number of Equity Shares applied for and the name of the Bank branch where the application was lodged at the following address given below:
Karvy Computershare Pvt. Ltd. (Unit: Lokesh Machines Limited), "Karvy House", 46, Avenue 4, Street No. 1, Banjara Hills, Hyderabad 500 034, Andhra Pradesh, India, Tel.: +9140 23431570/23420828, Fax: +91 40 23431551/23420814,  Email: mailmanager@karvy.com Website: www.karvy.com



Place: Hyderabad
Date : May 4, 2006

For Lokesh Machines Limited
Sd/-
M. Lokeshwara Rao
Managing Director
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