Basis of Allotment

BASIS OF ALLOTMENT

Not for release in the United States. This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.
Not for publication or distribution, directly or indirectly outside India.

MANPASAND BEVERAGES LIMITED

Our Company was originally formed as a partnership firm under the Partnership Act 1932 in the name of Manpasand Agro Food, pursuant to a deed of partnership dated January 4 ,2010. The name of the partnership firm was changed to "Manpasand Beverages" pursuant to an agreement modifying the partnership deed dated July 17, 2010 Manpasand Beverages was thereafter converted from a partnership firm to a public limited company under Part IX of the Companies Act. 1956 with the name of "Manpasand Beverages Limited" and received a certificate of  incorporation from the Registrar of Companies. Gujarat. Dadra and Nagar Havelli on December 17, 2010. The certificate of commencement of business was granted by the Registrar af Companies. Gujarat, Dadra and nagar Havelli an January 4, 2011 - Our Company was subsequently converted in to a private limited company with the name "Manpasand Beverages Private Linnled" and a fresh certificate of incorporation consequents Conversion to private limited company was granted by the Registrar of Companies, Gujarat, Dadra end Nager Havelli on August 5, 2011. Subsequently, our Company was converted into a public limited company with the name "Manpgaand Beverages Limited" and a fresh certificate of incorporation was granted by the Registrarof Companies, Ahmedabad on October 7 2014. There has been no change in the Registered Office of our Company since incorporation.

Registered Office and Corporate Office: E-62, Manjusar GIDC, Savli Road, Vadodara - 391 775, Gujarat.
Telephone: +91 2667 264 663/264 733/290 290; Facsimile: +91 2667 264 660 Contact Person: Mr. Bhavesh Jingar, Company Secretary and Compliance Officer: Telephone: +91 2667 264 733; Facsimile: +91 2667 264 660
E-mail: complianceofficer@manpasand.co.in Website: www.manpasand.co.in CIN: U15549GJ2010PLC063283

BASIS OF ALLOTMENT

The Equity Shares arc proposed to bo listed on BSE Limited ("BSE") and National Stock Exchange af India Limited ("NSE") and the trading will commence on or about July 09, 2016.

PROMOTER OF OUR COMPANY: MR. DHIRENDRA SINGH

PUBLIC ISSUE OF 12,500,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF MANPASAND BEVERAGES LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 320* PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 310 PER EQUITY SHARE, AGGREGATING RS 4,000 MILLION (THE "ISSUE"). THE ISSUE SHALL CONSTITUTE 24,97% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF OUR COMPANY

* Anchor Investor Allocation Price is Rs.320 per Equity Share

ISSUE PRICE: RS 320 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH

THE ISSUE PRICE IS 32 TIMES THE FACE VALUE

BID/OFFER: OPENED ON WEDNESDAY, JUNE 24, 2015 - CLOSED ON FRIDAY, JUNE 26, 2015
ANCHOR INVESTOR BIDDING DATE: JUNE 23, 2015

This Issue was made pursuant to Rule 19{2)(b)(ii) of the Securities Contracts Regulation Rules, 1967, as amended ("SCRR"). for 12,5000 Equity Shares aggregating Rs. 4,000 million. The Issue was made through the Book Building Process in compliance with the provisions of Regulation 26(2} of the Securities and Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations, 2009, as amended, ("SEBI Regulations"), wherein at least 75% of the Issue was allotted on a proportionate basis to Qualified institutional buyers ("QIBs"). Our Company, in consulation with the BRLMs, has allocated 60% of the QIB portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis. The remainder of the QIB Portion was available for allocation on a proportionate basis to QIBs. subjects valid Bids being received from them ator above the issue Price. 245678 Equity Shares representing 5% of the QIB portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB portion was available for allocation on a proportionate basis to all QIBs. including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Issue was available for allocation on a proportionate basis to Non institutional Bidders and not more than 10% of the Issue was available for allocation to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price.

All potential investors, other than Anchor Investors, were required to participate in the Issue through an Application Supported by Blocked Amount ("ASBA') process providing details of the bank account which will be blocked by the Self Certified Syndicate Banks ("SCSBs"). QIBs (except Anchor Investors) and Non-insiituiionat Bidders were mandatorily required to utilize the ASBA process to participate in the Issue. For details. please see the section 'Issue Procedure" at page 231 of the Prospectus.

The Issue received 21,448 applications for 17,079,700 Equity Shares (prior to technical rejections) resulting in 1.3664 times subscription as diclosed in prospectus. The details of the applications received in the Issue from Retail Individual Bidders. Nun-Institutional Bidders, QIBs excluding Anchor Investors and Anchor Investors are as under {before technical rejections).

Category No. of Applications No, ot Equity Shares No. of times Subscription1
A Retail Individual Bidders 21,323 1.551,865 1.2415
B Non-lnstitutional Bidders 76 740,835 0.3951
C Qualified Institutional Buyers 19 8,213,040 2.1901
D Anchor Investors 30 6,573,960 1.1687
Total 21,448 17,079,700 1.3664

* Based on Prospectus
Final Demand

A summary the final demand at different bid prices is as under:

Bid Price No. of
Equity Shares
% Total Cumulative
Total
% Cumulative
Tootal
290 165,420 1.66 165,420 1.55
291 1,935 0.02 167,355 1.57
292 1,305 0.01 168,660 1.58
293 405 0 169,065 1,58
294 0 0 169,065 1.58
295 9,270 0.09 178,335 1.67
296 180 0 178,515 1.67
297 225 0 173,740 1.67
298 810 0.01 179,550 1.68
299 990 0.01 180,540 1.69
300 39,660 0.37 220,230 2.06
301 225 0 220,455 2.06
302 45 0 220,500 2 06
303 0 0 220,500 2.06
304 0 0 220,500 2.06
305 15,930 0.15 236,430 2.21
306 180 0 236,610 2.21
307 90 0 236,700 2 21
306 360 0 237,060 2.21
309 0 0 237,060 2.21
310 14,490 0.14 251,550 2.35
311 45 0 251,595 2.35
312 45 0 251,640 2.35
313 45 0 251,685 2 35
314 270 0 251,955 2.35
315 1,170 0.01 253,125 2.36
316 45 0 253,170 2.36
317 945 0.01 254,115 2.37
318 315 0 254,430 2.37
319 3,375 0.03 257,805 2.4
320 9,030,600 84.67 9,288,405 87.07
CUTOFF 1,376,820 12.91 10,665,225 99.98

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on July 03, 2015.

A. Allocation to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 320 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.093896 times. The total number of Equity Shares Allolled in Retail Individual Bidders category is 1,250,000 Equity Shares to 19,533 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
applications
received
% of Total Total no. of
Equity Shares
applied
% to Total No. of Equity
Shares allotted
per applicant
Ratio of
allottees to
applicants
Total no. of
Equity Shares
allotted
45 15,940 81.61 717,300 52.46 45 1:1 717,300
90 1,907 9.76 171,630 12.55 79 1:1 150,653
135 480 2.46 64,800 4.74 113 1:1 54,240
180 332 1.70 59,760 4.37 148 1:1 49,136
225 139 0.71 31,275 2.29 182 1:1 25,293
270 117 0.60 31,590 2.31 216 1:1 25,272
315 165 0.84 51,975 3.80 250 1:1 41,250
360 50 0.26 18,000 1.32 284 1:1 14,200
405 11 0.06 4,455 0.33 318 1:1 3,498
450 78 0.40 35,100 2.57 353 1:1 27,534
495 15 0.08 7,425 0.54 387 1:1 5,805
540 19 0.10 10,260 0.75 421 1:1 7,999
585 280 1.43 163,800 11.98 455 1:1 1,27,400
1 3:26 415
Total 19,533 100.00 1,367,370 100.00 1,250,000

B. Allocation to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs.320 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.379440 times. The total number of Equity Shares allotted in this category is 711,450 Equity Shares to 62 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
applications
received
% of Total Total no. of
Equity Shares
applied
% to Total No. of Equity
Shares allotted
per applicant
Ratio of
allottees to
applicants
Total no. of
Equity Shares
allotted
630 1 1.61 630 0.09 630 1:1 630
900 2 3.23 1,800 0.25 900 1:1 1,800
945 1 1.61 945 0.13 945 1:1 945
990 4 6.45 3,960 0.56 990 1:1 3,960
1035 1 1.61 1,035 0.15 1,035 1:1 1,035
1080 1 1.61 1,080 0.15 1,080 1:1 1,080
1215 1 1.61 1,215 0.17 1,215 1:1 1,215
1260 1 1.61 1,260 0.18 1,260 1:1 1,260
1485 1 1.61 1,485 0.21 1,485 1:1 1,485
1530 12 19.35 18,360 2.58 1,530 1:1 18,360
1575 7 11.29 11,025 1.55 1,575 1:1 11,025
1800 1 1.61 1,800 0.25 1,800 1:1 1,800
1980 1 1.61 1,980 0.28 1,980 1:1 1,980
2025 1 1.61 2,025 0.28 2,025 1:1 2,025
2250 1 1.61 2,250 0.32 2,250 1:1 2,250
2340 1 1.61 2,340 0.33 2,340 1:1 2,340
2970 1 1.61 2,970 0.42 2,970 1:1 2,970
3060 2 3.23 6,120 0.86 3,060 1:1 6,120
3105 2 3.23 6,210 0.87 3,105 1:1 6,210
3150 3 4.84 9,450 1.33 3,150 1:1 9,450
3285 1 1.61 3,285 0.46 3,285 1:1 3,285
4680 1 1.61 4,680 0.66 4,680 1:1 4,680
4815 1 1.61 4,815 0.68 4,815 1:1 4,815
4995 1 1.61 4,995 0.70 4,995 1:1 4,995
5400 1 1.61 5,400 0.76 5,400 1:1 5,400
6255 1 1.61 6,255 0.88 6,255 1:1 6,255
6300 1 1.61 6,300 0.89 6,300 1:1 6,300
9360 1 1.61 9,360 1.32 9,360 1:1 9,360
9990 2 3.23 19,980 2.81 9,990 1:1 19,980
10485 1 1.61 10,485 1.47 10,485 1:1 10,485
15030 1 1.61 15,030 2.11 15,030 1:1 15,030
15615 1 1.61 15,615 2.19 15,615 1:1 15,615
17145 1 1.61 17,145 2.41 17,145 1:1 17,145
18000 1 1.61 18,000 2.53 18,000 1:1 18,000
23445 1 1.61 23,445 3.30 23,445 1:1 23,445
468720 1 1.61 468,720 65.88 468,720 1:1 468,720
Total 62 100.00 711,450 100.00 711,450

C. Allocation to QIBs (excluding Anchor Investors)

Allotment to QIBs, who have bid at the Issue Price of Rs.320 per Equity Share, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 1.706851 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 245,678 Equity Shares and other QIBs end unsatisfied demand of Mutual Funds were allotted the remaining avaiable Equity Shares i.e. 4,667,872 Equity Shares on a proportionate basts. The total number of Equity Shares allotted in the QIB category is 4,913,550 Equity Shares, which were allotted to 19 successful Applicants. The category-wise detais of the Basis of Allotmem are as under.

Category FIs/Banks MFs ICs VCs AIF Fll Total
No. of Equity Shares - 2,739,996 - - - 2,173,554 4,913,550

D. Allocation to Anchor Investors

Our Company has allotted 5,625,000 Equity Shares to 11 Anchor Investors, in consultation with the BRLMs. In accordance with the SEBI Regulations, this represents 60% of the QIB Portion.

The Board of Directors of our Company at its meeting held on July 4, 2015 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and Allotment Advice have been dispatched to the address of the investors as registered with the depositories on July 7, 2015. Further, instructions to the SCSBs have been dispatched/mailed on July 3, 2015. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Advices have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees have been uploaded on July 7, 2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps to get the Equity Shares admitted for trading on BSE and NSE within 12 working days of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the 'prospectus' dated June 27, 2015 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on. the website of the Registrar to the Issue, Karvy Computershare Private Limited at www.karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, Serial number of bit-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad - 500 032, Telephone: +91 40 6716 2222;
Facsimile: +91 40 2343 1551, Toll free: 1800-345-4001
Email ID. einward.ris@karvy.com. Websile. www.karisma.karvy.com
Investor Grievance ID: manpasand.ipo@Karvy.com
Contact Person: Mr. M. Murali Krishna, SEBI Registration No.: INR000000221

Place: Vadodara
Date: July 07, 2015

For MANPASAND BEVERAGES LIMITED
On behalf of Board of Directors
Sd/-
Company Secretary and Compliance Officer

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 MANPASAND BEVERAGES LIMITED.

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