Basis of Allotment
ENTERTAINMENT NETWORK

ENTERTAINMENT NETWORK (INDIA) LTD

(Our Company was incorporated on June 24, 1999 at Mumbai under the Companies Act, 1956.
Registered Office: 4th Floor, A-Wing, Matulya Centre, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013; Tel: +91 22 5662 0600; Fax: +91 22 5661 5020.

BASIS OF ALLOCATION

PUBLIC ISSUE OF 12,000,000 EQUITY SHARES OF RS. 10 EACH AT A PRICE OF RS. 162 PER EQUITY SHARE INCLUDING SECURITIES PREMIUM OF RS. 152 PER EQUITY SHARE FOR CASH AGGREGATING RS. 1,944 MILLION (HEREINAFTER REFERRED TO AS THE "ISSUE"), INCLUDING EMPLOYEE RESERVATION OF 200,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT A PRICE OF RS. 162 PER EQUITY SHARE FOR CASH AGGREGATING RS. 32.4 MILLION (HEREINAFTER REFERRED TO AS THE "EMPLOYEE RESERVATION PORTION"). THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION SHALL BE HEREINAFTER REFERRED TO AS THE "NET ISSUE". THERE WILL ALSO BE A GREEN SHOE OPTION OF UP TO 1,200,000 EQUITY SHARES FOR CASH AT A PRICE OF RS. 162 PER EQUITY SHARE AGGREGATING RS. 194.4 MILLION. THE ISSUE WILL CONSTITUTE 25.88% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS NOT EXERCISED AND 27.75% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS EXERCISED IN FULL.

ISSUE PRICE Rs. 162 PER EQUITY SHARE
THE ISSUE PRICE 16.2 TIMES OF THE FACE VALUE

The Issue made through the 100% Book Building Process where up to 50% of the net issue to the public was to be 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, 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 Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 263125 applications for 4873135738 equity shares resulting in 40.61 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investors and Employee and categories are as under (Before technical rejections):

Category No. of Applications No. of Shares Subscription
Retail Bidders 261731 64622148 15.65
Non Institutional Bidders 1023 106156310 59.99
Qualified Institutional Bidders 208 316342240 53.62
Employees 163 215040 1.07

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

Bid Price

 No.of Shares % of Total Cumulative Total Cumulative % to total
144 219120 0.04 490336360 100.00
145 17640 0.00 490117240 99.96
146 1640 0.00 490099600 99.95
147 15000 0.00 490097960 99.95
148 840 0.00 490082960 99.95
149 160 0.00 490082120 99.95
150 51960 0.01 490081960 99.95
151 5320 0.00 490030000 99.94
152 57520 0.01 490024680 99.94
153 111600 0.02 489967160 99.92
154 5880 0.00 489855560 99.90
155 197960 0.04 489849680 99.90
156 35960 0.01 489651720 99.86
157 21720 0.00 489615760 99.85
158 168400 0.03 489594040 99.85
159 8680 0.00 489425640 99.81
160 25000 0.01 489416960 99.81
161 720 0.00 489391960 99.81
162 & Cut Off 489391240 99.81 489391240 99.81
490336360 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE") on 8th February, 2006.

A. Allocation to Employees

The Basis of Allocation to the Employees category, who have bid at cut-off or at and above the Issue Price of Rs. 162/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.07 times. Firm allotments have been made against all applications. The total number of shares allotted in this category is 200000 Equity Shares. The category-wise details of the Basis of Allocation (Sample) are as under:

Category No. of Appins. % to total Total No.of
Shares applied		 % to total No. of Shares allocated Ratio Total No. of
Shares allocated
40 4 2.45 160 0.07 40 FIRM 160
80 7 4.29 560 0.26 74 FIRM 518
400 5 3.07 2000 0.93 372 FIRM 1860
600 6 3.68 3600 1.67 558 FIRM 3348
1000 6 3.68 6000 2.79 930 FIRM 5580
1800 2 1.23 3600 1.67 1674 FIRM 3348
2000 3 1.84 6000 2.79 1860 FIRM 5580
3000 3 1.84 9000 4.19 2789 FIRM 8367
6000 18 11.04 108000 50.22 5580 FIRM 100440

B. Allocatlon to Retail Investors

The Basis of Allocation to the Retail Investors, who have bid at cut-off or at and above the Issue Price. of Rs.162/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 13.71 times. The total number of shares allotted in this category is 4550000 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
40 34679 13.72 1387160 2.22 40 3:41 101480
80 30663 12.13 2453040 3.93 40 6:41 179480
120 24549 9.71 2945880 4.72 40 9:41 215560
160 13927 5.51 2228320 3.57 40 3:10 167120
200 17812 7.05 3562400 5.71 40 4:11 259080
240 6682 2.64 1603680 2.57 40 3:7 114560
280 76605 30.31 21449400 34.38 40 26:51 1562160
320 3351 1.33 1072320 1.72 40 7:12 78200
360 910 0.36 327600 0.53 40 3:5 21840
400 2370 0.94 948000 1.52 40 7:10 66360
440 560 0.23 255200 0.41 40 7:10 16240
480 814 0.32 390720 0.63 40 4:5 26040
520 711 0.28 369720 0.59 40 9:10 25600
560 859 0.34 481040 0.77 41 FIRM 35219

ADDITIONAL

1 3:20 129
600 38203 15.12 22921800 36.74 44 FIRM 1680932

C. Allocation to Non Institutional Investors

The Basis of Allocation to the Non Institutional Investors, who have bid at and above the Issue Price of Rs.162/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 54.30 times. The total number of shares allotted in this category is 1950000 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
640 72 7.48 46080 0.04 40 2:7 840
1000 49 5.09 49000 0.05 40 4:9 880
2000 20 2.08 40000 0.04 40 9:10 720
5000 9 0.94 45000 0.04 92 FIRM 828
10000 20 2.08 200000 0.19 184 FIRM 3680
20000 7 0.73 140000 0.13 368 FIRM 2576
30000 4 0.42 120000 0.11 553 FIRM 2212
100000 13 1.35 1300000 1.23 1842 FIRM 23946
300000 2 0.21 600000 0.57 5525 FIRM 11050
500000 2 0.21 1000000 0.94 9208 FIRM 18416
1000000 1 0.10 1000000 0.94 18415 FIRM 18415
1500000 1 0.10 1500000 1.42 27623 FIRM 27623
2500000 1 0.10 2500000 2.36 46038 FIRM 46038
3100000 1 0.10 3100000 2.93 57088 FIRM 57088
6800000 1 0.10 6800000 6.42 125225 FIRM 125225
11800000 2 0.21 23600000 22.29 217288 FIRM 434576

D. 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 (325000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (6175000) 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 24.21% for QIB segment and other QIB applicants were allotted 75.79% of the shares for QIB segment.

Category FIs/Banks MFs Flls Insurance Companies VCs Total
No.of Shares 732865 1573714 3759090 281124 153207 6500000

The Committee of Directors of the company at its Meeting held at Mumbai on 8th February, 2006 has approved the basis of allocation of shares of the Issue and has allotted the shares to various successful applicants.

The Refund Orders and allotment advice and notice has been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been overprinted with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to successful 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 of India Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE

The details of the allocation made would be hosted on the website of Registrars 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 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:

Kervy Computershare Private Limited: Unit: ENIL, Karvy House, 46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, Fax: 040-23311968; Email: enil_ipo@karvy.com or mailmanager@karvy.com

TOLL FREE - HELPLINE NUMBER 1-600-3454001

Place: Mumbai
Date : 14th February, 2006

For Entertainment Network (India) Limited
Sd/
Anil Fernandes
Vice President (Legal) & 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 ENTERTAINMENT NETWORK (INDIA) LIMITED.
Close