New Delhi Television Limited

(Incorporated on September 8, 1988 under the Companies Act, 1956 as New Delhi Television Private Limited. Subsequently the Company was converted into a Public Limited company and the name was changed to New Delhi Television Limited and fresh certificate of incorporation was issued on August 31, 1994.)

Registered Office: W-17, Greater Kailash - 1, New Delhi - 110 048
(Earlier at B-213, Greater Kailash - 1. New Delhi - 110 048)
Tel no.:  91-11-26218621 Fax no.:  91-11-2621 9746 
Website: www.ndtv.com,
E-mail: ndtvipo@ndtv.com

PUBLIC ISSUE OF 15,571,429 EQUITY SHARES COMPRISING FRESH ISSUE OF 9,660,492 EQUITY SHARES OF RS. 4 EACH AT A PRICE OF RS. 70 FOR CASH AND OFFER FOR SALE OF 5,910,937 EQUITY SHARES OF RS. 4 EACH AT A PRICE OF RS. 70 FOR CASH, AGGREGATING RS.1090 MILLION (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE WOULD CONSTITUTE 25.61% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY.

The Issue was made through the 100% Book Building Process wherein at least 60% of the Issue was allocated on a discretionary basis to Qualified Institutional Buyers. Further, not less than 15% of the Issue was allocated on a proportionate basis to Non-institutional Bidders and the remaining 25% of the Issue was allocated on a proportionate basis to Retail Bidders.

Basis of Allotment

As per NSE/BSE book, the company received 4,51,099 bids for 569705300 equity shares resulting in 36.5865 times subscription*. The valid demand (considering highest value bid in case of multiple bids) from Institutional, Non Institutional, Retail and Employees categories is as under:

Final Demand
The final demand at different bid prices is as under:

A) Allotment to Non-institutional Bidders:
The Basis of Allotment to the Bidders who have bid for at Rs.70, was finalised in consullation witti the Stock Exchange, Mumbai, on a proportional  basis after rounding off to the nearest 100 shares. The total number of shares allocated in this category is 21,42,800.
A sample of category-wise details of the Basis of Allocation is as under:                
   

B) Allotment to Retail Bidders:
The Basis of Allotment to the Bidders who have bid for at Rs. 70 or cut-off-price, was finalised in consultation with the Stock Exchange Mumbai, on a proportionate basis after rounding off to the nearest 100 shares.  The total number of shares allocated in this category is 35,71,500. Category-wise details of the Basis of Allotment is as under.

C) Allotment to QIB Bidders

D) Allotment to Employees
The Basis of Allotment to Employees who have bid for at Rs. 70 or cut-off-price, was finalised in consultation with the Stock Exchange, Mumbai on a proportionate basis after rounding off to the nearest 100 shares. The total number of share allocated in this category is 1285700. A sample of the Basis of Allotment is as under:

The Committee of Directors (CoD), at its Meeting held on May 12, 2004, has approved the basis of allocation of shares as above and allotted the shares to various successful applicants.

The refund orders for non-allottee and partial allottees are being despatched by registered post. The shares allocated to the slxxesstul applicants will be credited to their beneficiary accounts subject to validation of the account details with the depositories concemed. The Company is taking steps to get the equity shares listed with and admitted for trading in the Stock Exchange, Mumbai and The National Stock Exchange of India Limited with seven working days from the date of approval of the basis of allocation.

All future corresponder.ce 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 the Syndicate and Place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
(Formerly a Division of Karvy Consultants Limited)
Unit: New Delhi Television Limited, Karvy House, #46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034

The level of subsctiption should not be taken, to be lndicative of either the market price of the Equity Share on listing or the business prospects of the Company.