IPO Wednesday, April 13, 2005

India Infoline Limited announces IPO

Price Band Fixed at Rs.70 and Rs.80

Mumbai, Maharashtra, India, Wednesday, April 13, 2005 -- (Business Wire

India)
India Infoline Limited, one of the leading retail investment advisory and intermediary
Company, has fixed a price band between Rs.70 and Rs.80 for its forthcoming Public
Issue of 11,878,138 Equity Shares of face value of Rs.10/- each at a price to be
determined through 100% Book building route to finance its expansion plans.

The issue is slated for open for bids on April 21, 2005 and close for
subscriptions/bids on April 27, 2005.

Out of the present Issue, 878,138 Equity Shares are reserved for allotment to
employees of the Company and out of the balance, at least 50% i.e. 5,500,000
shares are reserved for allocation to Qualified Institutional Buyers (QIBs) on
discretionary basis, 25% i.e. 2,750,000 shares are reserved for allocation to Non
Institutional Bidders and 25% i.e. 2,750,000 shares are reserved for Retail Individual
Bidders both on proportionate basis.

India Infoline carries out the business of broking, distribution of personal finance
products including mutual funds, fixed deposits, government bonds etc., corporate
agency of life insurance and commodities broking through its separate wholly owned
subsidiaries.

Promoted by Mr. Nirmal Jain and Mr. R Venkataraman, India Infoline has a retail
branch network of 73 branches at 36 locations across India and proposes to set up
an additional 77 branches in 50 cities across India to have a network of 150
branches to further strengthen its geographic reach.

The Company's online portals 'Indiainfoline.com' and '5paisa.com' are well known
brands amongst retail investors across India.

Enam Financial Consultants Private Limited is the Sole Book Running Lead Manager
to the issue.