| Basis of Allotment |
CELEBRITY FASHIONS LIMITED (Incorporated as Celebrity Fashions Private Limited on April 28, 1988 at Madras under the Companies Act, 1956 with Incorporation No. 18-15655 and subsequently name changed to Celebrity Fashions Limited on September 12, 2005) Registered It Corporate office: 107 - A, GST Road, Chrompet, Chennai - 600 044. Tel.: +91 44 5584 9200 Fax: +91 44 55849204 Contact Person: Mr. V.V.Naresh, Website: www.celebritygroup.com; E-mail: investor@celebritygroup.com BASIS OF ALLOCATION PUBLIC ISSUE OF 4,550,000 EQUITY SHARES OF FACE VALUE Rs.10/- EACH FOR CASH AT A PRICE OF RS. 180 AGGREGATING TO RS. 819 MILLION (HEREINAFTER REFERRED TO AS THE "ISSUE"), INCLUDING EMPLOYEE RESERVATION OF 50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 180 FOR CASH AGGREGATING TO RS. 9 MILLION AND NET ISSUE TO THE PUBLIC OF 4,500,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 180 FOR CASH AGGREGATING TO RS. 810 MILLION (HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE CONSTITUTES 25.35% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 AND THE ISSUE PRICE IS 18 TIMES OF THE FACE VALUE. The Issue was made through a 100% Book Building process wherein upto 50% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Bidders (QIBs), out of which 5% was to be available far aflocation on a proportionate basis to Mutual Funds only and the remaining was to be available for allocation on proportionate basis to QIBs and Mutual Funds subject to valid bids being received from them at or above the issue price. Further, not less than 15% of the Net Issue was to be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net Issue was to be available for allocation on a proportionate basis to Retaif Individual Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 85201 applications for 104949985 equity shares resulting in 23.0659 times subscription. The details of the application received in the Issue from Retail Individual Bidders, Non Institutional Investors, Qualified Institutional Buyers and Employees categories is as under:
* Including bids received at cut off price #After eliminating cheque returns A sample of the final demand at different bid prices is as under :
A) Allocation to Retail Individual Bidders The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at Issue Price of Rs. 180/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 11.34347 times. The total number of shares allotted in this category is 1578563 Equity Shares. The sample of category-wise details of the Basis of Allocation are as under:
The Basis of Allocation to the Non Institutional Investors, who have bid for at or above Issue Price of Rs. 180/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 30.81950 times. The total number of shares allotted in this category is 676525 Equity shares. A sample of category-wise details of the Basis of Allocation are as under
Allocation to QIBs have been on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Fnds were initially allotted 5% of the QIB portion ( 1,12,754 Equity Shares) and the remaining QIB portion (21,42,331 Equity Shares) was allocated to all QIB's, including Mutual Funds.
D) 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. 180 per Equity Share, was finalized in consultation with BSE. The category was subscribed to the extent of 0.79660 times. Hence FULL and FIRM allotments have been made against all valid applications. The total number of Equity Shares allotted in this category is 39830 Equity Shares. The unsubscribed portion of 10170 equity shares was added to the Net Issue. The Board of Directors of Celebrity Fashions Limited at its Meeting held at Chennai on January 5, 2006 has approved the basis of allocation of shares and allotted the shares to various successful applicants. Based on allocation approved by BSE (Designated Stock Exchange), Three (3) additional equity shares have been alloted. The despatch of Refund Orders has been completed by January 6, 2006 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 printed with the Bank Mandate details as registered, if any, with the depositories. The shares allocated to the successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has submitted the listing application on January 6, 2006. The Company is taking steps to get the Equity shares admitted for trading on the Bombay Stock Exchange Limited and on the National Stock Exchange of India Ltd within seven working days from the date of approval of the basis of allocation INVESTORS PLEASE NOTE The details of the allocation made has been hosted on the website of Registrars to the Issue, intims Spectrum Registry Limited at www. Intimespectrum.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 Intime Spectrum Registry Limited
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