Basis of Allotment
New Page 5

(This is only an advertisement for information purpose not a prospectus announcement)

V-MART RETAIL LIMITED

(V-Mart Retail Limited was originally incorporated as Varin Commercial Private Limited under the Companies Act, 1956 vide certificate of incorporation dated July 24, 2002 issued by the Registrar of Companies, West Bengal.. For details of changes in name of the Company and its registered office, see the chapter titled" General Information and "History and Other Corporate Matters on page 42 and 153 respectively of the Prospectus dated February 8, 2013 (the "Prospectus")).

Registered Office: F-11, Udyog Nagar Industrial Area, Peeragarhi, Rohtak Road, New Delhi -110 041;
Contact Person: Yogesh Bhardwaj, Company Secretary and Compliance Officer; Tel: +91 114525 4444;
Fax: +91 114525 4429;Email: compliance@vmart.co.in; Website: www.vmart.co.in

PROMOTERS OF OUR COMPANY: LALIT AGARWAL, HEMANT AGARWAL, MADAN AGARWAL, MADAN GOPAL AGARWAL (HUF), LALIT M. AGARWAL (HUF) AND HEMANT AGARWAL (HUF)

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 4,496,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH OF V-MART RETAIL LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.210 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.200 PER EQUITY SHARE) AGGREGATING TO RS.944.16 MILLION (THE "ISSUE") COMPRISING OF A FRESH ISSUE OF 2,761,000 EQUITY SHARES BY OUR COMPANY AGGREGATING TO RS.579.81 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 1,735,000 EQUITY SHARES (THE "OFFER FOR SALE") BY NAMAN FINANCE AND INVESTMENT PRIVATE LIMITED (THE "SELLING SHAREHOLDER") AGGREGATING TO RS.364.35 MILLION. THE ISSUE WILL CONSTITUTE 25.04% OF THE POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS.210 PER EQUITY SHARE AND IS 21 TIMES THE FACE VALUE OF THE EQUITY SHARE.

BID/ISSUE OPENED ON FEBRUARY 1, 2013 AND CLOSED ON FEBRUARY 5, 2013 (EXCEPT FOR ANCHOR INVESTORS FOR WHOM THE BID/ ISSUE OPENING DATE WAS JANUARY 31, 2013)

In terms of Rule 19(2) (b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended read with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended,("SEBI (ICDR) Regulations") wherein 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Company and Selling Shareholder in consultation with the BRLM, allocated 30% of the QIB Portion to Anchor Investors at the Anchor Investor Price on a discretionary basis. Such number of Equity Shares representing 5% of the Net QIB Portion were made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion were made available for allocation on a proportionate basis to all QIB Bidders subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders as per the mechanism provided under the heading 'Basis of Allotment or Allocation - For Retail Individual Bidders' on page 353 of the Prospectus, subject to valid Bids being received from them at or above the Issue Price.

The Issue received 12349 applications for 5460642 equity shares resulting in 1.2146 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Bidders, Retail Individual Bidders and Anchor Investors are as under: (Before technical rejections)

Category No. of Applications No. of Shares No. of times subscription
A Retail individual Bidders 12325 1192158 0.7576
B Non Institutional Bidders 12 931656 1.3815
C Qualified Institutional Bidders 10 2384316 1.5152
D Anchor Investors 2 952512 1.4124
Total 12349 5460642 1.2146

Final Demand

A summary of the final demand as per BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") as on the Bid/Issue Closing Date at different bid prices is as under:

BID PRICE NO. OF SHARES % TO TOTAL CUMULATIVE TOTAL Cumulative % of Total
195 61182 1.31 61182 131
196 330 0.01 61512 131
197 66 0.00 61578 132
198 198 0.00 61776 132
199 132 0.00 61908 1.32
200 4422 0.09 66330 1.42
201 63 0.00 66396 1.42
203 198 0.00 66594 1.42
205 51810 1.11 118404 . 253
206 462 0.01 118866 254
210 2516382 53.77 2635248 5631
211 196 0.00 2635446 5631
212 132 0.00 2635578 5632
215 929412 19.86 3564990 76.18
Cutoff 1114872 23.82 4679862 100.00

The Basis of Allotment was finalized in consultation with BSE, being the Designated Stock Exchange, on Febmaiy 14,2013 and was approved by the IPO Committee of Board of

The Basis of Allotment to the Retail Individual Bidders, who have bid at Cut-off Price or at the Issue Price of Rs. 210 per Equity Share or higher, was finalized in consultation with BSE. This category has been subscribed to the extent of 0.7281 times. The total number of Equity Shares allocated in the Retail Individual Bidder category is 1145760 Equity Shares allocated to 11963 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category (No. of Equity Shares applied for)

 No. of Applications Received % to total Total No. of Equity Shares applied % to total No. of Equity Shares allotted Ratio Total No. of Equity Shares allocated
66 10887 91.01 718542 6271 66 1:1 718542
132 400 3.34 52800 4.61 132 1:1 52800
196 136 1.14 26928 235 198 1:1 26928
264 61 051 16104 1.41 264 1:1 16104
330 55 0.46 18150 1.58 330 1:1 18150
306 25 021 9900 0.86 396 1:1 9900
462 106 0.89 48972 427 462 1:1 48972
528 18 0.15 9504 0.83 528 1:1 9504
594 11 0.09 6534 0.57 594 1:1 6534
660 18 0.15 11880 1.04 660 1:1 11880
726 1 0.01 726 0.06 726 1:1 726
792 3 0.03 2376 0.21 792 1:1 2376
858 4 0.03 3432 0.30 858 1:1 3432
924 238 1.99 219912 19.19 924 1:1 219912
B. Allocation to Non-Institutional Bidders (After Technical Rejections) (Including ASBA Applications)

The Basis of Alloment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs. 210 per Equity Share or higher was finalized in consultation with BSE. This category las been subscribed to the extent of 1.2050 times including spill over. The total number of Equity Shares allocated in the Non Institutional Bidder category is 773132 Equity Shares including spill over from the Retail Individual Bidder category, allocated to 12 successful applicants. The category-wise details of the Basis of Allotment are as under:
Category (No. of Equity Shares applied for) No. of Applications Received %to total Total No. of Equity Shares applied %to total No. of Equity Shares alloted Ratio Total No. of Equity Shares allocated
2772 1 833 2772 030 2300 1:1 2300
3498 1 833 3496 0.38 2903 1:1 2903
4620 16.67 9240 0.99 3834 1:1 7668
6030 1 833 6930 0.74 5751 1:1 5751
11616 1 833 11616 125 9640 1:1 9640
23232 1 833 23232 249 19279 1:1 19279
46464 1 833 46454 4.99 38558 1:1 38558
70026 1 833 70026 7.52 58111 1:1 58111
142824 1 833 142824 15.33 118522 1:1 118522
149952 1 8.33 149952 1610 124437 1:1 124437
465102 1 833 465102 49.92 385963 1:1 385963

C. Allocation to QIBs (after technical rejections) (Including ASBA applications) (Excluding Anchor Investor Portion)
Allotment to QIBs who have bid at the Issue Price of Rs. 210 per Equity Share or higher has been done on a proportionate basis in consultation with BSE. This category has been oversubscribed to the extent of 1.2531 times including spill over. As per the SEBI Regulations, Mutual Funds were initially allocated 5% of the quantum of Equity Shares available, i.e. 95136 Equity Shares and other QIBs and unsatisfied demands of Mutual Funds were allocated the remaining available Equity Shares i.e. 1807572 Equity Shares including spill over. The total number of Equity Shares allocated in the QIB category is 1902708 Equity Shares including spill over from the Retail Individual Bidder category, which were allocated to 10 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category Banks MFs Total
No.of Shares 312688 1590020 1902708

D. Allocation to Anchor Investors

The Company Allotted 674400 Equity Shares to 2 Anchor Investors in consultation with the selling shareholder and the BRLM who have bid atthe Issue Price of Rs 210. This represents 30% of the QIB Portion.

The IPO Committee of Board of Directors of the Company at its meeting held on February 14, 2013 has taken on record the Basis of Allotment of Equity Shares in the Issue, as approved by BSE (being the Designated Stock Exchange), and has authorized the corporate action for Allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice and/ or notices have been dispatched to the address of the investors as registered with the Depositories. Further the instructions to the SCSBs have been dispatched/mailed on 14.02.2013. In case the same is not received within 10 days, investors may contact the Registrar to the Issue atthe address given below. The refund orders have been over-printed with the bank account details as registered, if any, with the Depositories.

Commencement of Trading: The Equity Shares Allotted to successful applicants have been credited on 15.02.2013 to the beneficiary accounts of such applicants, subject to validation of the account details with the Depositories concerned. Our Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on BSE and NSE within 12 Working Days from the Bid/Issue Closing Date and the trading is expected to commence on February 20,2013.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made would be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of First/Sole applicant, serial number of the Bid-cum Application Form, number of Equity Shares bid for, name of the member of the Syndicate and place where the Bid-Cum Application Form was submitted and payment details atthe address given below:

Karvy Computershares Private Limited
Plot Nos. 17 - 24, Vrttal Rao Nagar, Madhapur.Hyderabad 500 081
Tel: (9140) 4465 5000; Fax: (9140) 23431551;
Email: v-mart.ipo@karvy.com; Website: www.karvy.com

For V-Mart Retail Limited
On behalf of the Board of Directors
Sd/-
Chairman & Managing Director

Place : New Delhi
Date  : February 16, 2013

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF V-MART RETAIL LIMITED

"V-Mart Retail Limited (the "Company") has filed the Prospectus with the Registrar of Companies, Capital Territory of Delhi and Haryana. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Company at www.vmart.co.in as well as on the website of Anand Rathi Advisors Limited, the Book Running Lead Manager at www.rathi.com. Investors should note that investment in Equity Shares involves a high degree of risk. For details, please refer to and rely on the Prospectus including the chapter titled "Risk Factors" of the Prospectus." Please note that non-residents including alternative investment funds registered with SEBI and containing funds from foreign investors, Foreign Venture Capital Investors, Foreign Institutional Investors, Qualified Foreign Investors, Non Resident Indians, multilateral and bilateral development financial institutions have not been permitted to participate in this Issue.
Close