Alpa Laboratories Limited

(Incorporated as Alpa Laboratories Private Limited on March 18,1988 under the Companies Act, 1956 and convened to public limited company on September 3,1998 wth the name of Alpa Laboratories Limited)
Registered Office: 33/2. Pigdamber, A B. Road. Rau, District Indore -453446. Madhya Pradesh (The Registered office of our Company was changed from 104,Usha Nagar, Indore, Madhya Pradesh to 33/2, Pigdamber. A,B. Road, Rau. District. Indore -453446, Madhya Pradesh with effect from November 15,1998)
Tel: +91-0731-4020440 Fax: +91 0731-4020444;
Website: www.alpalabs.com; Email: ipo@alpalabs.com
Contact Person: Mr. Mukesh Kumar Gupta, Company Secretary & Compliance Officer.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 95,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS 68 PER EQUITY SHARE FOR CASH AGGREGATING RS 6460 LAKHS (HERE IN AFTER REFERRED TO AS THE "ISSUE"), INCLUDING EMPLOYEE RESERVATION OF 2,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS 68 PER EQUITY SHARE FOR CASH AGGREGATING RS 170 LAKHS (HERE IN AFTER REFERRED TO AS THE "EMPLOYEE RESERVATION PORTION") THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION SHALL BE 92,50,000 EQUITY SHARES OF RS. 10/- EACH (HERE IN AFTER REFERRED TO AS THE "NET ISSUE TO THE PUBLIC"). THE ISSUE WILL CONSTITUTE 44.06% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
This Issue was made through a 100% Book Building Process wherein not more than 50% of the Net Issue to Public shall be basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue to Public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue to Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subjed to valid bids being received at or above the issue price.
The issue opened for subscription on Thursday, July 12,2007 and closed on Tuesday July 17,2007.The Issue received 13,434 valid applications for 89,80,600 equity shares, including monies received from the underwriters, resulting in 0.945 times subscription. The details of the valid applications received In the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Investor categories are as under

*After eliminating cheque returns, technical rejections monies received from underwriters.

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

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange The Bombay Stock Exchange Limited ("BSE") on July 27,2007.

A. Allocation to Retail Investors
The category was over subscribed 1.674 times. The total number of shares allocated in this category is 5422400 Equity Shares The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors
The category was subscribed 1.912 times. The total-number of shares allocated in this category is 2725300 Equity Shares, including devolvement on underwriters. The details of basis of allocation under various categories are as under:

C) Allocation to Employees
The category was subscribed 0.022 times. The details of basis of allocation under various categories are as under:

D) Allocation to QIBs
As per SEBI guidelines, mutual funds were to be initially allocated 5% of the quantum of shares available but, as there were no Mutual Funds applicants the reserved portion for Mutual Funds was added back to the QIB category. The category was subscribed 0.178 times. The total number of shares allocated in this category is 827400 Equity Shares. The details of basis of allocation of some of the categories are as under:

The Board of Directors of the Company at its Meeting held at Indore on July 28,2007 has approved the basis of allocation of shares and allocated the shares to various successful applicants.
The physical refund warrant information regarding refunds through electronic modes (ECS, RTGS, NEFT or Direct credit) and allotment advice have been dispatched to the address of the investors as registered with the depository on July 31,2007. In case the same is not received within ten (10) days, investors may contact the Registrar to the Issue at the address given below.
The equity shares allotted to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned on July 31,2007.
The listing application has been filed with The Bombay Stock Exchange Limited and National Stock Exchange of India Limited on July 30,2007 & July 31,2007 respectively and the Company is taking steps to complete all formalities for listing and commencement of trading of equity shares on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited within Seven working days of finalization of Basis of Allotment.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com
All future correspondence in this regard may kindly be addressed to the Registrar to the issue quoting full name of the First Sole applicant, Serial number of the bid-cum-applicant 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:

BIGSHARE SERVICES PRIVATE LIMITED
E/2 Ansa Industrial Estate,Saki ViharRoad, Saki Naka,
Andheri East, Mumbai 400072, Fax: +91-22-2847 5207
Tel. No: +91 -22-28470652/0653,
Email:ipo@bigshareonline.com, Website: www.bigshareonline.com.
Contact Person: Mr. N.V.K. Mohan

This communication is intended for release solely in India. This communication is not an offer of securities for sale in any other jurisdiction, including the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933.

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 ALPA LABORATORIES LIMITED.