|Basis of Allotment|
|This is only an
advertisement for information purposes and not a prospectus announcement.
SEA TV NETWORK LIMITED
(Incorporated as Sea TV Network Limited on May 21,2004 with the
Registrar of Companies, Uttar Pradesh and Uttarakhand, Kanpur)
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 50,20,000 EQUITY SHARES OF Rs.10/- EACH FOR CASH AT A PRICE OF Rs. 100 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 90 PER EQUITY SHARE) AGGREGATING Rs. 5020 LACS BY SEA TV NETWORK LIMITED ("THE COMPANY" OR "ISSUER" OR "SEA TV") (HEREINAFTER REFERRED TO AS THE "ISSUE") COMPRISING OF A NET OFFER TO THE PUBLIC OF 50,20,000 EQUITY SHARES OF Rs.10/- EACH AGGREGATING Rs. 5020 LACS (HEREINAFTER REFERRED TO AS THE "NET OFFER TO THE PUBLIC") OF WHICH 5,02,000 EQUITY SHARES AGGREGATING Rs. 502 LACS BEING 10% OF THE NET OFFER TO THE PUBLIC TO BE COMPULSORILY ALLOTTED TO QIBS. THE NET OFFER TO THE PUBLIC WOULD CONSTITUTE 41.76% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.
THE FACE VALUE PER EQUITY SHARE IS Rs. 10/-. THE ISSUE PRICE PER
This Issue is being made in terms of clause 26(2)(a)(ii) & (b)(i) of SEBI (ICDR) Regulations, 2009, as amended from time to time, whereby the "Project" has at least 15% Participation by Financial Institutions/Scheduled Commercial Banks, of which at least 10% comes from the appraiser(s). In addition to this, at least 10% of the Issue size shall be allotted to QIBS, failing which the full subscription monies shall be refunded. (In case of delay, if any in refund, SEA TV Network Limited shall pay interest on the application money at the rate of 15% per annum for the period of delay). Further, the minimum post-issue face value capital of the company shall be Rs. 10 crores.
The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Net offer to the public shall be allocated on proportionate basis to Qualified Institutional Buyers, (including 5% for Mutual Funds). (However, atleast 10% of the Net Offer to the Public shall be compulsorily subscribed by and allotted to Qualified Institutional Buyers (QIBs) failing which entire subscription monies shall be refunded.) Further, not less than 15% of the Net offer to the public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net offer 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 20,006 applications for 52,770,900 equity shares resulting in 10.5121 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)
Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE")on October 8,2010.
A. Allocation to Retail Individual investors (After
Technical Rejections) (Including ASBA Applications)
B. Allocation to Non Institutional Investors (After Technical Rejections) (Including
C. Allocation to QIBs
The IPO Committee of the company at its Meeting held on October 9,2010 has taken on record the basis of allocation of shares approved by the designated , Stock Exchange viz., The Stock Exchange, Mumbai, of the Offer 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 have been dispatched to the address of the bidders as registered with the depositories on October 11,2010. The instructions to Self Certified Syndicate Banks ("SCSBs") for unblocking and transfer of funds have been sent on October 08,2010. In case the same is not received, bidders may contact at the address given below. The equity shares allocated to successful applicants are credited to their beneficiary accounts on October 11,2010, subject to validation of the account details with the depositories concerned. The Company has filed its Listing application with Bombay Stock Exchange Limited (the "Designated Stock Exchange") on October 11,2010 and the Equity Shares will be admitted for trading on this Stock Exchange w.e.f October 14,2010.
INVESTORS PLEASE NOTE
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:
Link Intime India Private Limited
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 SEA TV NETWORK LIMITED