THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA INITIAL PUBLIC OFFER OF EQUITY SHARE ON THE EMERGE PLATFORM OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE EMERGE") IN COMPLIANCE WITH CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBIICDR REGULATIONS")..

	BAWEJA STUDIOS LIMITED
	CIN: U92112MH2001PLC131253

Our Company was incorporated as "Baweja Movies Private Limited" on March 16, 2001 under the Companies Act, 1956 with the Registrar of Companies, Mumbai. Further, the name of our Company was changed to "Baweja Studios Private Limited" vide special resolution passed in the Extraordinary General Meeting dated July 09, 2021. The fresh certificate of incorporation consequent to name change was issued on September 06,2021 by the Registrar of Companies, Mumbai. Subsequently, our Company converted from a private limited company to a public limited company and the name of our Company was changed to "Baweja Studios Limited" pursuant to a fresh certificate of

THE COMMENCEMENT OF TRADING OF THE EQUITY SHARES OF OUR COMPANY ON THE STOCK EXCHANGES SHALL BE WITH EFFECT FROM TUESDAY, FEBRUARY 06, 2024. OF OUR COMPANY SHALL BE ON T+3 DAY (T BEING THE ISSUE CLOSING DATE) IN TERMS OF THE TIMELINES PRES'CRIBED UNDER THE SEBI CIRCULAR NO. SEBI/HO/CFD/TPD1/CIR/P/2023/140 DATED AUGUST 09,2023.

Our Company has filed the Prospectus dated February 01, 2024 with the RoC and the Equity Shares are proposed to be listed on the EMERGE NSE and trading is expected to commence on February 06, 2024.

INITIAL PUBLIC OFFER OF 54,00.000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF BAWEJA STUDIOS LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF T180 PER EQUITY SHARE (THE "OFFER PRICE"), (INCLUDING A PREMIUM OF Rs. 170 PER EQUIT SHARES), AGGREGATING Rs. 9,720 LAKHS ("THE OFFER"). COMPRISING A FRESH OFFER OF 40.00,000 EQUITY SHARES AGGREGATING Rs. 7,200 LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 14,00,000 EQUITY SHARES BY HARJASPAL SINGH BAWEJA AGGREGATING Rs. 2,520 LAKHS ("OFFERED SHARES") ("OFFER FOR SALE"), AND TOGETHER WITH THE FRESH ISSUE, THE "OFFER"). THE 2.88,000 EQUITY SHARES OF FACE VALUE OF 110/- FOR CASH AT A PRICE OF 1180 EACH AGGREGATING Rs. 518.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 51,12,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 180 PER EQUITY SHARE. AGGREGATING TO Rs. 9,201.60 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 29.30 % AND 27.74 % RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARES CAPITAL OF THE COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO CHAPTER TITLED TERMS OF THE OFFER" BEGINNING ON PAGE NO 259 OF THE PROSPECTUS..

11. Weighted Average Price at which the Equity Shares were acquired by our Promoter and Promoter Selling Shareholder in the one Year Preceding the date of the Prospectus

The weighted average price at which the equity shares were acquired by our Promoters in the one year preceding the date of the Prospectus.

12. Weighted Average Cost of Acquisition of all shares transacted in the three years, 18 months and one year preceding the dale of the Prospectus

% Computed based on the Equity Shares acquired/allotted/purchased (including acquisition pursuant to transfer by way of gift and bonus issue).

~ As certified by SSRCA &Co., Chartered Accountants, pursuant to their certificate dated February 01, 2024 # Also, a Promoter Selling Shareholder.

^ No Equity shares were acquisition in the one year preceding the date of this Prospectus. For details, see chapter titled "Capital Structure ''on page 77 of the Prospectus.

*As certified by SSRCA & Co.. Chartered Accountants, pursuant to their certificate dated February 01, 2024

13. Average cost of Acquisition

The average cost of acquisition per Equity Share to our Promoters and Promoter Selling Shareholder as at the date of the Prospectus is:

*As certified by SSRCA & Co., Chartered Accountants, pursuant to their certificate dated February 01, 2024, # Also, a Promoter Selling Shareholder

For further details of the average cost of acquisition of our Promoters, see "Capital Structure - Build-up of the Promoters' shareholding in our Company' on page 77 of the Prospectus

The Offer is being made through the Book Building Process, in terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules. 1957. as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein not more than 11 % of the Net Offer shall be allocated on a proportionate basis to Qualified Institution Buyers ('QIB" the "QIB PORTION"), provided that our Company and the Promoter Selling Shareholder, in consultation with the BRLM. may allocate up to 60% of the QI8 Portion to Anchor Investors on a discretionary basis ('Anchor Investor Portion'). One-third of the Anchor Investor Portion shall be reserved tor the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price in accordance with the SEBI ICOR Regulations. In the event ol under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QI8 Portion (other than the Anchor Investor Portion) (the ‘Net QIB Portion*). Further. 5.00% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QlBs. Further, not less than 42.00% of the Net issue shall be available for allocation on a proportionate basis to Non-institutional Investors and not less than 42 00% of the Net Issue shall be available for allocation to Retail individual Investors in accordance with the SEBI ICDR Regulations, subjects to valid Bids being received from them at or above the Issue Price. All Bidders (other than Anchor Investors), are required to participate in the Issue by mandatory utilizing the Application Supported by 8locked Amount ('ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) and UPl ID in case of UPI Bidders (as defined here after), in which the corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (‘SCSBs") or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process or under the UPI Mechanism, as the case may be. to the extent of respective Bid Amount, For details, see "Offer Procedure" beginning on page 270 of the Prospectus. All Bidders, other than Anchor Investors, were required to participate in the Offer by mandatory utilizing the Application Supported by Blocked Amount ("ASBA') process by providing details of their respective ASBA Account and UPI ID in case of UPI Bidders, as applicable, pursuant to which their corresponding Bid Amount were blocked by the Self Certified Syndicate Banks ('SCSBs") or by the Sponsor Bank(s) under the UPI Mechanism, as the case may be. to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For further details, see 'Offer Procedure' on page 270 of the Prospectus. The bidding for Anchor Investors opened and closed on January 25, 2024. The Company received 2 applications from 2 Anchor Investors for 3,26,400 Equity Shares. The Anchor Investor Offer Price was finalized at Rs. 180 per Equity Share. A total of 3,26,400 Equity Shares were allocated under the Anchor Investor Portion aggregating to 7 587.52 lakhs.

If the retail individual investor category is entitled to more than allocated portion on proportionate basis, accordingly the retail individual investors shall be allocated that higher percentage. For further details, please refer to chaptered "Offer Structure' beginning on page no. 267 of the Prospectus.

All investors have participated in this issue through Application Supported by Blocked Amount ("ASBA") process including through Unified Payment Interface CUPP) mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were Mocked by Self Certified Syndicate Banks (the "SCSBs") / Sponsor Bank as the case may be.

DETAILS OF THE APPLICATION (before technical rejection)

The Offer has received 13,165 applications for 1,31.39.200 Equity Shares (Including Market Maker Application of 2,88,000 Equity Shares) resulting in 2.43 times subscription.

The details of the applications received in the Offer from Qualified Institutional Buyers. Retail Individual Investors. Non-lnstitutional Investors and Market Maker (before and after technical rejections & withdrawal) are as follows:

DETAILS OF APPLICATIONS RECEIVED (before technical rejection)

DETAILS OF VALID APPLICATIONS (after technical Rejection):

Final Demand

A summary of the final demand as per NSE as on the Bid/Offer Closing Date as at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e NSE Limited on February 02, 2024.

A. Allocation to Qualified Institutional Buyers (After Technical Rejections):

Allotment to QlBs. who have Bid at the Offer Price of f 180/- per Equity Share or above, has been done on a proportionate basis in consultation with the NSE Limited. This NET QIB Portion category has been subscribed to the extent of 2.15 times of NET QIB Portion. As per the SEBI Regulations. Mutual Funds have to be Allotted 5% of the Equity Shares of NET QIB Portion available. In the proposed issue mutual funds were allotted Nil Equity Shares due to non receipt of any application by Mutual Funds. The total number of Equity Shares Allotted in the NET QIB Portion is 2,17,600 Equity Shares (excluding Anchor Investor portion of 3,26,400 Equity Shares). The category-wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 180/- per Equity Share, was finalized in consultation with NSE Limited. The category was subscribed by 4.07 times. The total number of shares allotted in this category is 22,84,000 Equity shares out of reserved portion of 22.84.000 Equity Shares.

C. Allocation to Non- Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Non-Retail Individual Investors, at the issue price of Rs. 180/- per Equity Share, was finalized in consultation with NSE Limited. The category was subscribed by 1.06 times. The total number of shares allotted in this category is 22.84,000 Equity shares out of reserved portion of 22,84,000 Equity Shares. The category-wise details of Basis of Allotment are as under:

D. Allocation to Market Maker (Alter Technical Rejections):

The Basis of Allotment to the Market Maker, at the issue price of Rs. 180/- per Equity Share, was finalised in consultation with NSE Limited. The category was subscribed by 1 time. The total number of shares allotted in this category is 2,88,000 Equity shares in full out of reserved portion of 2,88,000 Equity Shares.

The Board of Directors of the Company at its meeting held on February 02.2024 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE Emerge and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form 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 February 05, 2024. Further, the instructions to Self-Certified Syndicate Banks being processed on February 02, 2024 for unblocking fund. In case the same is not received in compliance with the applicable timeline, 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 depositones concerned. The company shall file the listing application with NSE Limited on or before February 05, 2024. The Company is in process of obtaining the listing & the trading approval from NSE Limited and the trading is expected to commence on February 06, 2024.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as Ascribed to them in the Prospectus dated February 01, 2024.

DISCLOSURES PERTAINING TO THE LM'S TRACK RECORD ON PAST ISSUES WITH A BREAKUP OF HANDLING OF SME IPOS FOR THE LAST 3 YEARS:

FEDEX SECURITIES PRIVATE LIMITED

(‘THE CORRIGENDUM")

With reference to the Red Herring Prospectus dated January 15, 2024 filed by the Company with RoC and the National Stock Exchange of India Limited in relation to the Issue, the Applicants should note the following:

1) On page 329 of the Red Herring Prospectus, under chapter MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION - A) Material contracts for the Offer - "7. Tripartite agreement dated March 27, 2023 amongst our Company, Central Depository Services (India) Limited and Registrar to the Offer" would now be read as. "7. Tripartite agreement dated April 19, 2023 amongst our Company, Central Depository Services (India) Limited and Registrar to the offer*, globally across the Offer documents.

INVESTORS.PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at ipo@sky1inerta.com. All future correspondence in this regard may kindly be addressed to the Registrar 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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED	FEDEX SECURITIES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area, Phase-I,	B-7, 3rd Floor, Jay Chambers. Dayaldas Road. Vile
New Delhi 110020. Delhi, India	Parte (East).Mumbai - 400 057, Maharashtra. India
Tel No: 011-40450193-97	Telephone: +91 81049 85249
Fax No: NA	E-mail: mb@fedsec.in
E-mail Id: ipo@skvlinerta.com	Investor Grievance E-Mail: mb@fedsec.in
Website: www.skvlinerta.com	Website: www.fedsec.in
Contact Person: Anuj Kumar	Contact Person: Mr. Saipan Sanghvi
SEBI Registration No: INR000003241	SEBI Registration Number: INM000010163

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 BAWEJA STUDIOS LIMITED.

The Prospectus is available on the website of SEBI at www.sebi.gov.in. the website of the Lead Manager at www.fedsec.in. website of the National Stock Exchange of India Limited at www.nseindia.com.and website of Issuer Company at www.bawejastudios.com For details, investors should refer to and rely on the Prospectus including the section titled "Risk Factors' beginning on page 33 of the Prospectus.

The Equity Shares offered in this Offer have not been and will not be registered under the US Securities Act 1933, as amended (the ‘Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States or to. or for the account or benefit of, "U.S. persons" (as defined in Regulation S of the Securities Act). except pursuant to an exemption from, or in a transaction not subject to. the registration requirements of the Securities Act.

The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.