This is only an advertisement for the information
purposes not for publication or distribution outside India and not a prospectus
announcement.
MIDVALLEY ENTERTAINMENT LIMITED
(Our Company was originally incorporated in India as "CTV
Entertainment Private Limited" on July 12,1989 under the Companies Act, 1956.
For details of the changes in the name of our Company and our Registered Office, see
"History and Certain Corporate Matters" on page 109 of the Prospectus.)
Registered Office: 9th Floor, Gee Gee Emerald, 312, Valluvar Kottam High Road,
Nangumbakkam, Chennai - 600034, Tamil Nadu, India. Tel.: 91-44-30632454
Fax: 91-44-30632453; Contact Person: Mr. S.N. Madhavan, Company Secretary
and Compliance Officer.
Email: ipo@mvel.in; Website: www.mvel.in
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 85,71,429 EQUITY SHARES OF RS.10/- EACH (EQUITY SHARES) FOR CASH AT
A PRICE OF RS. 70/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 60/- PER EQUITY
SHARE) FOR CASH AGGREGATING RS. 6000 LACS BY MIDVALLEY ENTERTAINMENT LIMITED. THE ISSUE
WOULD CONSTITUTE 25.04% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY.
THE ISSUE PRICE IS RS. 70/- PER EQUITY SHARE. THE FACE VALUE OF EQUITY SHARE IS RS.
10/-. THE ISSUE PRICE IS 7.0 TIMES OF THE FACE VALUE
The Promoters of the Company are Datuk K. Ketheeswaran, M/s. Unlgold Pacific
Limited, M/s. Global Motion Pictures & Ventures Limited and M/s. Kiara Enigma Sdn Bhd.
The Issue is being made through the 100% Book Building Process wherein up to 50% of the
Net Issue to the Public shall be available for allocation on a proportionate basis to
Qualified Institutional Buyers ("QIBs"), out of which 5% shall be available for
allocation on a proportionate basis to Mutual Funds and the remaining QIB Portion shall be
available for allocation on proportionate basis to all QIBs, including Mutual Funds,
subject to valid Bids being received at or above Issue Price. Further, not less than 15%
of the Net Issue to the Public shall be available for allocation on a proportionate basis
to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be
available for allocation on a proportionate basis to Retail Individual Bidders, subject to
valid Bids being received at or above the issue Price.
The Issue received 15,109 applications for 3,14,31,910 equity shares resulting in 3.667
times subscription. The details of the applications received in the Issue from Qualified
Institutional Buyers, Non-Institutional, Retail Individual Investor are as under: (Before
technical rejections)
|
Category |
No. of Applications |
No. of Shares |
No. of times Subscriptions |
A |
Retail Individual Bidders |
15,086 |
2,79,22,040 |
9.307 |
B |
Non Institutional Bidders |
19 |
18,79,860 |
1.462 |
C |
Qualified Institutional Bidders |
4 |
16,30,010 |
0.38 |
|
Total |
15,109 |
3,14,31,910 |
3.667 |
Final Demand
The final demand at different bid prices is as under:
Bid Price |
No. of Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
64 |
43,890 |
0.12 |
3,78,56,645 |
100.00 |
65 |
3,895 |
0.01 |
3,78,12,755 |
99.88 |
66 |
1,045 |
0.00 |
3,78,08,860 |
99.87 |
67 |
1,425 |
0.00 |
3,78,07,815 |
99.87 |
68 |
95 |
0.00 |
3,78,06,390 |
99.87 |
69 |
95 |
0.00 |
3,78,06,295 |
99.87 |
70 & CUT OFF |
3,78,06,200 |
99.87 |
3,78,06,200 |
99.87 |
Total |
3,78,56,645 |
100.00 |
|
|
The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange
Limited ("BSE') on January 20, 2011.
A. Allocation to Retail Individual Investors (After Technical Rejections)
(Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or
at the Issue Price of Rs. 70 per Equity Share, was finalized in consultation with BSE.
This category has been over subscribed to the extent of 9.307 times. The total number of
shares allotted in Retail Individual Investor category is 51,35,659 Equity Shares to
14,994 successful applicants. The category-wise details of the Basis of Allotment are as
under:-
Category |
No. of
Applications |
% to
Total |
Total No. of
Shares Applied |
% to
Total |
No. of
Shares Allocated |
Ratio |
Total No. of
Shares
Allocated |
95 |
1,294 |
8.63 |
1,22,930 |
0.44 |
95 |
12:65 |
22,705 |
190 |
437 |
2.91 |
83,030 |
0.30 |
95 |
7:19 |
15,295 |
285 |
243 |
1.62 |
69,255 |
0.25 |
95 |
5:9 |
12,825 |
380 |
253 |
1.69 |
96,140 |
0.35 |
95 |
17:23 |
17,765 |
475 |
168 |
1.12 |
79,800 |
0.29 |
95 |
83:90 |
14,725 |
570 |
74 |
0.49 |
42,180 |
0.15 |
105 |
FIRM |
7,770 |
665 |
254 |
1.69 |
1,68,910 |
0.61 |
123 |
FIRM |
31,242 |
760 |
149 |
0.99 |
1,13,240 |
0.41 |
140 |
FIRM |
20,860 |
885 |
47 |
0.31 |
40,185 |
0.14 |
158 |
FIRM |
7,426 |
950 |
131 |
0.87 |
1,24,450 |
0.45 |
175 |
FIRM |
22,925 |
1045 |
36 |
0.24 |
37,620 |
0.14 |
193 |
FIRM |
6,948 |
1140 |
59 |
0.39 |
67,260 |
0.24 |
210 |
FIRM |
12,390 |
1235 |
48 |
0.32 |
59,280 |
0.21 |
228 |
FIRM |
10,944 |
1330 |
41 |
0.27 |
54,530 |
0.20 |
246 |
FIRM |
10,086 |
1425 |
4,710 |
31.41 |
67,11,750 |
24.13 |
263 |
FIRM |
12,38,730 |
|
Additional |
|
|
|
1 |
7:94 |
351 |
1520 |
42 |
0.28 |
63,840 |
0.23 |
281 |
FIRM |
11,802 |
1615 |
5 |
0.03 |
8,075 |
0.03 |
298 |
FIRM |
1,490 |
1710 |
11 |
0.07 |
18,810 |
0.07 |
316 |
FIRM |
3,476 |
1805 |
5 |
0.03 |
9,025 |
0.03 |
333 |
FIRM |
1,665 |
1900 |
18 |
0.12 |
43,200 |
0.12 |
351 |
FIRM |
6,318 |
1995 |
3 |
0.02 |
5,985 |
0.02 |
368 |
FIRM |
1,104 |
2090 |
14 |
0.09 |
29,260 |
0.11 |
386 |
FIRM |
5,404 |
2185 |
13 |
0.09 |
28,405 |
0.10 |
403 |
FIRM |
5,239 |
2280 |
10 |
0.07 |
2,280 |
0.08 |
421 |
FIRM |
4,210 |
2375 |
5 |
0.03 |
11,875 |
0.04 |
438 |
FIRM |
2,190 |
2470 |
8 |
0.05 |
19,760 |
0.07 |
456 |
FIRM |
3,648 |
2565 |
36 |
0.24 |
92,340 |
0.33 |
474 |
FIRM |
17,064 |
2660 |
11 |
0.07 |
29,260 |
0.11 |
491 |
FIRM |
5,401 |
2755 |
27 |
0.18 |
74,385 |
0.27 |
509 |
FIRM |
13,743 |
2850 |
6,842 |
45.63 |
1,94,99,700 |
70.10 |
526 |
FIRM |
35,98,892 |
|
Additional |
|
|
|
1 |
3:20 |
1,026 |
Total |
14,994 |
100.00 |
2,78,18,280 |
100.00 |
|
|
51,35,659 |
B. Allocation to Non Institutional Investors (After Technical Rejections) (Including
ASBA Applications)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue
Price of Rs. 70 per Equity Share, was finalized in consultation with BSE. This category
has been over subscribed to the extent of 1.462 times. The total number of equity shares
allotted in this category is 18,05,760 equity shares to 18 successful applicants. The
category-wise details of the Basis of Allotment are under:
Category |
No. of
Applications |
% to
Total |
Total No. of
Shares Applied |
% to
Total |
No. of
Shares Allocated |
Ratio |
Total No. of
Shares
Allocated |
7125 |
4 |
22.22 |
28,500 |
1.58 |
7,125 |
FIRM |
28,500 |
14345 |
1 |
5.56 |
14,345 |
0.79 |
14,345 |
FIRM |
14,345 |
20425 |
1 |
5.56 |
20,425 |
1.13 |
20,425 |
FIRM |
20,425 |
35720 |
4 |
22.22 |
1,42,880 |
7.91 |
35,720 |
FIRM |
1,42,880 |
57000 |
1 |
5.56 |
57,000 |
3.61 |
57,000 |
FIRM |
57,000 |
57095 |
2 |
11.11 |
1,14,190 |
6.32 |
57,095 |
FIRM |
1,14,190 |
142880 |
1 |
5.56 |
1,42,880 |
7.91 |
142,880 |
FIRM |
1,42,880 |
285665 |
3 |
16.67 |
8,56,995 |
67.46 |
285,665 |
FIRM |
8,56,995 |
428545 |
1 |
5.56 |
4,28,545 |
23.73 |
428,545 |
FIRM |
4,28,545 |
Total |
18 |
100.00 |
18,05,760 |
100.00 |
|
|
18,05,760 |
C. Allocation to QIBs
The Basis of Allocation to the Qualified Institutional Bidders (QIBs) has been
finalised on full and firm basis in consultation with BSE. As per the SEBI regulations,
Mutual Funds were to be initially allocated 5% of the quantum of the Equity Shares
available. However, there were no applications from Mutual Funds. The category was
subscribed to the extent of 0.38 times and the total number of successful applicants are
4.
Category |
Flls / Banks |
Flls |
MFs |
ICs |
VCs |
Total |
No. of Shares |
- |
16,30,010 |
- |
- |
- |
16,30,010 |
The Board of Directors of the company at its Meeting held on January 20, 2011 has taken
on record the basis of allocation of shares approved by the designated Stock Exchange
viz., Bombay Stock Exchange Limited, Mumbai, and has authorized the Corporate Action for
the transfer of the shares to various successful applicants. The CAN-cum-Refund Orders
along with allotment advice and notices will be dispatched to the address of the bidders
as registered with the depositories on January 22, 2011. The instructions to Self
Certified Syndicate Banks ("SCSBs") for unblocking and transfer of funds have
been sent on January 21,2011. In case the same is not received, bidders may contact at the
address given below. The equity shares allocated to successful applicants will be credited
to their beneficiary accounts on or before January 22, 2011 subject to validation of the
account details with the depositories concerned. The Company will file its Listing
application with Bombay Stock Exchange Limited (the "Designated Stock Exchange') on
January 24, 2011 and is taking steps to get the Equity Shares admitted for trading on
these Exchanges w.e.f. January 27, 2011.
INVESTORS PLEASE NOTE
This detail of the allocation made would be hosted on the website of Registrars to the
Offer, Cameo Corporate Services Limited at Website: www.cameoindia.com
All future correspondence in this regard may kindly be addressed to the Registrars
to the offer 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:
Cameo Corporate Services Limited
Subramanian Building, No.1 Club House Road, Chennai 600 002.
Tel.: +91 44 2846 0390 (5 lines), Fax: +91 44 2846 0129, Email ID: investor@cameoindia.com
Place : Chennai
Dale : January 21,2011 |
For MIDVALLEY ENTERTAINMENT LIMITED
Mr. S. N. Madhavan
Company Secretary and Compliance Officer |
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 MIDVALLEY ENTERTAINMENT
LIMITED |