1. ASIAN GRANITO INDIA LIMITED STUDY ON IPO MADE AS ON 26.07.07.

2. Detailed analysis of company Asian Granito India Ltd. City Mall, 2 nd Floor, Beside Rajpath Club, Sarkhej - Gandhinagar Highway Road, Ahmedabad, Gujarat - 380054 Phone: 32919687 Fax: 26861501 Public Issue of 166250 Equity Shares of Rs 10 each for Cash at a Premium of Rs 92 per share. Issue Opens : 26-07-07 Issue Closes : 31-07-07

3. Company background Asian Granito India (AGIL) is a certified vitrified tiles manufacturer with a market share of 11-12% in the Rs 1500 crore vitrified tile industry. Business Overview AGIL has a manufacturing plant located at Himmatnagar, Gujarat, under technical collaboration with SACMI, Italy. Its current installed capacity is 5.11mn sq mtrs. Its subsidiary is in the production of ceramic floor tiles. The brand “Asian” tiles is owned by its 100% subsidiary Asian Tiles Ltd. It derives 50% of its revenues from the retail segment. Going forward, it plans to derive 70% of its revenues from retail.

10. The company had come out with an IPO of 70 lakh equity share of Rs 10 each through a 100 per cent book building issue at a price band of Rs 85-102 per equity share Subscription Details 4.51 Total 1.38 Employee Reservation 4.66 Retail individual investors 10.00 Non institutional investors 3.09 Qualified institutional buyers Times Investors