| Basis of Allotment |
| This is only an advertisement for information purposes and not a
prospectus announcement)
CHANNEL NINE ENTERTAINMENT LIMITED Our Company was originally incorporated in New Delhi as "Channel Nine Entertainment Limited" on 25'" July, 2002 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies National Capital Territory of Delhi & Haryana. For further details, please refer to the section titled "Our History and Corporate Structure" beginning on page 78 of the Prospectus. Registered Office & Corporate Office: 3/12, Ground Floor,
Asaf Ali Road, New Delhi-110002; PROMOTERS OF THE COMPANY: MR. GAJ RAJ SINGH & MRS. KIRTI BASIS OF ALLOTMENT PUBLIC ISSUE OF 46,68,000 EQUITY SHARES OF RS. 10/- EACH ("EQUITY SHARES") OF CHANNEL NINE ENTERTAINMENT LIMITED ("CNEL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 25/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS. 1167.00 LACS ("THE ISSUE"), OF WHICH, 2,40,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 44,28,000 EQUITY SHARES OF RS.10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.10% AND 28.55%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. In terms of Prospectus dated 16" February, 2013 and as per Regulation 43 (4) of
SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall
be made available to shall be initially made available to Retail Individual Investors as
the case may be. The balance net offer of shares to the public shall be made available for
allotment to a) individual applicants other than retail investors and b) other investors
including corporate bodies / institutions irrespective of no.of shares applied for. The
unsubscribed portion of the net offer to any one of the categories specified in (a) or (b)
shall/may be made available for allocation In any other category, if so required. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 25 EACH. THE ISSUE PRICE IS 2.5 (TWO & HALF) TIMES OF THE FACE VALUE. ISSUE OPENED ON 22nd FEBRUARY, 2013 AND CLOSED ON 26TH FEBRUARY, 2013. The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") In terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered In this Issue. However Company has received an approval letter dated 15th February, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. All Applicants were allowed to participate In the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details o( the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). Subscription details The Issue has received 349 applications for 49,14,000 Equity Shares (Including Market Maker Application of 2,40.000 Equity Shares) resulting 1.05 times subscription. After considering, cheque return cases of 12 applications of 72,000 Equity Shares, the Issue was subscribed 1.04 times. The details of the applications received In the Issue (before technical rejections) are as follows: Detail of the Application* Received (Before Technical Rejection & withdrawal of application):
The details of applications rejected by the Registrar on technical grounds (including tabled as below) are detailed below:
Detail of the Applications Received (After Technical Refection & withdrawal):
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 6th March, 2013. A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,40,000 Equity shares in full out of reserved portion of 2,40,000 Equity Shares. B. Allocation to Retail Individual Investors (After Technical Refections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.70 times. Total number of shares allotted in this category is 15,48,000 Equity Shares against reservation of 22,14,000 Shares. The balance 6,66,000 Shares has been added to Non Institutional category as spill over. The category wise basis of allotment is as under
C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.32 times. Total number of shares allotted in this category is 28,98,000 Equity Shares including spill over of 6,66,000 Shares from retail individual investors category and additional 18,000 Equity Shares for the purpose of rounding off to the nearest multiple of 6,000 Equity Shares (Lot Size). The category wise basis of allotment is as under:
The Board of Directors of the Company at its meeting held on 6th March, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants. The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories /as filled in the application form on or before 8" March, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 8th March, 2013. In case the same is not received within 10 days, investors may contact at the address given below. The Equity 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 the SME Platform of BSE Limited within Twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 12" March, 2013 subject to receipt of listing and trading approvals from BSE Limited. INVESTORS PLEASE NOTE The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Beetal Financial & Computer Services Private Limited at www.beetalfinancial.com. All future correspondence in this reoard may kindly be addressed to the Registar to the issue quoting full name of the first/sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below: BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED Beetal House, 3rd Floor, 99, Madangir, Behind Local Shopping Centre,
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 CHANNEL NINE ENTERTAINMENT LIMITED. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. |
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