Basis of Allotment
JAGR

JAGRAN PRAKASHAN LIMITED

(incorporated on July 18, 1975 under the Companies Act, 1956)
Registered Office: Jagran Building, 2, Sarvodaya Nagar, Kanpur 208 005.
Tel:+91-512-221 6161, Fax:+91-512- 223 0625. Website: www.jagran.com , Email: ipo@jagran.com

BASIS OF ALLOCATION

PUBLIC ISSUE OF 10,039,020 EQUITY SHARES OF RS.10/- EACH FOR CASH AT A PRICE OF RS. 320/- PER EQUITY SHARE AGGREGATING TO RS. 321.24 CRORES (REFERRED TO AS "THE ISSUE"). ALSO A GREEN SHOE OPTION OF UP TO 1,505,853 EQUITY SHARES FOR CASH AT A PRICE OF RS.10/- EACH FOR CASH AT A PRICE OF RS.320/- AGGREGATING TO RS. 48.18 CRORES. THE ISSUE WOULD CONSTITUTE 22.33% OF THE FULLY DILUTED POST ISSUE CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS.10/- EACH FOR CASH AT A PRICE OF RS. 320/- EACH AND THE ISSUE PRICE IS 32 TIMES OF THE FACE VALUE.

The Issue made through the 100% Book Building Process where at least 60% of the net issue to the public has been allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds)., Further, up to 10% of the net issue to the public has been made available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the net issue to the public has been made available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 1,71,876 applications for 1,41,922,747 equity shares resulting in 12.29 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investors are as under (Before technical rejections):

Category No. No. of Applications No. of Shares Subscription
Retail Bidders 171162 20731717 5.99
Non Institutional Bidders 609 23231290 20.12
Qualified Instit utional Bidders 105 97959740 14.14

Final Demand
Tha final demand at different hid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
270 161100 0.11 142739760 100.00
271 80 0.00 142578660 99.89
272 120 0.00 142578580 99.89
273 100 0.00 142578460 99.89
274 140 0.00 142578360 99.89
275 1740 0.00 142578220 99.89
276 180 0.00 142576480 99.89
277 2600 0.00 142576300 99.89
278 300 0.00 142573700 99.88
280 2100 0.00 142573400 99.88
281 160 0.00 142571300 99.88
282 20 0.00 142571140 99.88
283 480 0.00 142571120 99.88
284 60 0.00 142570640 99.88
285 18140 0.01 142570580 99.88
286 60 0.00 142552440 99.87
288 100 0.00 142552380 99.87
289 20 0.00 142552280 99.87
290 6840 0.00 142552260 99.87
291 200 0.00 142545420 99.86
292 100 0.00 142545220 99.86
294 4680 0.00 142545120 99.86
295 300 0.00 142540440 99.86
297 600 0.00 142540140 99.86
299 40 0.00 142539540 99.86
300 52720 0.04 142539500 99.86
301 820 0.00 142486780 99.82
302 360 0.00 142485960 99.82
303 11860 0.01 142485600 99.82
304 1420 0.00 142473740 99.81
305 7840 0.01 142472320 99.81
306 57660 0.04 142464480 99.81
307 20 0.00 142406820 99.77
308 100 0.00 142406800 99.77
310 28540 0.02 142406700 99.77
311 200 0.00 142378160 99.75
312 5060 0.00 142377960 99.75
313 20 0.00 142372900 99.74
314 220 0.00 142372880 99.74
315 16340 0.01 142372660 99.74
316 40 0.00 142356320 99.73
317 2200 0.00 142356280 99.73
318 20 0.00 142354080 99.73
320 2700 0.00 142354060 99.73
321 100 0.00 142351360 99.73
324 & Cut Off 142351260 99.73 142351260 99.73
142739760 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on 13th February, 2006.

A. Allocation to Retail Individual Investors

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price of Rs.320/- per Equity Share, was finalized in consultation with the Bombay Stock Exchange Limited ("BSE"). The category was over subscribed 5.67 times. The total number of shares allotted in this category is 3463462 Equity Shares. The category-wise details of the Basis of Allocation are as under:

Category No. of Applns. % to total Total No.of
Shares applied		 % to total No. of Shares
allocated		 Ratio Total No. of
Shares allocated
20 24721 15.26 494420 2.52 20 2:11 89900
40 19806 12.22 792240 4.03 20 4:11 144040
60 12567 7.76 754020 3.84 20 1:2 125680
80 7924 4.89 633920 3.23 20 23:35 104140
100 15135 9.34 1513500 7.71 20 6:7 259440
120 4088 2.52 490560 2.50 21 FIRM 85848
140 49129 30.32 6878060 35.03 25 FIRM 1228225
160 1651 1.02 264160 1.35 28 FIRM 46228
180 456 0.28 82080 0.42 32 FIRM 14592
200 1675 1.03 335000 1.71 35 FIRM 58625
220 293 0.18 64460 0.33 39 FIRM 11427
240 334 0.21 80160 0.41 42 FIRM 14028
260 261 0.16 67860 0.35 46 FIRM 12006
280 548 0.34 153440 0.78 49 FIRM 26852
ADDITIONAL 1 1:100 5
300 23442 14.47 7032600 35.81 53 FIRM 1242426

B. Allocation to Non Institutional Investors

The Basis of Allocation to the Non institutional, who have bid at and above the Issue Price of Rs.320/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 20.03 times. The total number of shares allotted in this category is 1154487 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

Category No. Of Applns. % to total Total No.of
Shares applied		 % to total No. of Shares
allocated		 Ratio Total No. of
Shares allocated
320 61 11.36 19520 0.08 20 FIRM 1220
1000 36 6.70 36000 0.16 50 FIRM 1800
10000 11 2.05 110000 0.48 499 FIRM 5489
20000 3 0.56 60000 0.26 998 FIRM 2994
50000 2 0.37 100000 0.43 2496 FIRM 4992
100000 2 0.37 200000 0.86 4991 FIRM 9982
200000 1 0.19 200000 0.86 9982 FIRM 9982
350000 1 0.19 350000 1.51 17468 FIRM 17468
650000 1 0.19 650000 2.81 32441 FIRM 32441
750000 1 0.19 750000 3.24 37432 FIRM 37432
760000 1 0.19 760000 3.29 37931 FIRM 37931
1073700 1 0.19 1073700 4.64 53588 FIRM 53588
10039020 1 0.19 10039020 43.40 500721 FIRM 500721

C. Allocation to QIBs

Allocation to QIBs have been done on a proportionate basis in consultation with the Bombay Stock Exchange Limited. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (346346) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (6580578) on proportionate basis. The sectoral cap and other limits applicable to the holding of shares in company have been taken into account while allotting shares. Mutual Funds were allotted 45.76% for QIB segment and other QIB applicants were allotted 54.24% of the shares for QIB seament.

category Fls/Banks MFs Flls   Insurance Companies Total
No.of Shares 1249800 3169609 2061789 445726 6926924

The Committee of Directors of the company at it's Meeting held at Kanpur on 14th February, 2006 has approved the basis of allocation of share of the Issue and has allotted the shares to various successful applicants.

The Refund Orders / allotment advice and notice have been dispatched to the addresses of the investors as registered with the depositories In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successfu applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange ol India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE

This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at www.karvy.com or http:/kcpl.karvy.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-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
Unit: Jagran, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, Fax: 040-23311968
Email: jagran@karvy.com or mailmanager@karvy.com

TOLL FREE - HELPLINE NUMBER 1-600-3454001

Place : Kanpur
Date : 16th February, 2006		 For Jagran Prakashan Limited
Sd/
Amlt Jaiswal
Company Secretary

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 JAGRAN PRAKASHAN LIMITED.
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