Channel Nine Entertainment IPO Details

Issue Open Feb 22, 2013
Issue Close Feb 26, 2013
IPO Price ₹25
Face Value ₹10
IPO Size ₹11.67 Cr
Listing At BSE SME
IPO Lot Size 6000

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;
Tel: 91-11-32315575, Fax: 91-11-32315575
Email: channelnineentertainment@yahoo.com; Website: www.channelnineentertainment.com
Contact Person & Compliance Officer Mr. Gagan Goel, Company Secretary & Compliance Officer:

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.
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, If the retail individual Investor is entitled to more than fifty percent, on proportionate basis, the retail individual Investors shall be allocated that higher percentage.

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):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 240000 1.00
Other than Retail Individual Investor's 62 2958000 1.34
Retail Individual Investor's 274 1644000 0.74
TOTAL 337 4842000 1.04

The details of applications rejected by the Registrar on technical grounds (including tabled as below) are detailed below:

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's 1 42000
Retail Individual Investor's 16 96000
TOTAL 17 138000

Detail of the Applications Received (After Technical Refection & withdrawal):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 240000 1.00
Other than Retail Individual Investor's 61 2916000 1.32
Retail Individual Investor's 258 1548000 0.70
TOTAL 320 4704000 1.01

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

No. of Shares Applied for (Category wise) No. Of Applications % to total Total No. of Equity Shares applied % of total Proportionate Shares Available Allocation per Applicant Ratio of Allottees To The Applicants Total No. of Equity Shares allotted
6000 258 100 1548000 100 2214000 6000 FIRM 1548000
TOTAL 258 100 1548000 100 2214000 6000 -- 1548000

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:

No. of Shares Applied for (Category wise) No. Of Applications % to total Total No. of Equity Shares applied % of total Proportionate Shares Available Allocation per Applicant (Before
Rounding Off)
Allocation per Applicant (After Rounding Off) Ratio of Allottees To
The Applicants
Total No. of Equity Shares allotted Surplus/ (Deficit)
12000 11 18.03 132000 4.53 130370 11,851.85 12000 FIRM 132000 1630
18000 15 24.59 270000 9.26 266667 17,777.78 18000 FIRM 270000 3333
24000 14 22.95 336000 11.52 331852 23,703.70 24000 FIRM 336000 4148
30000 3 4.92 90000 3.09 88889 29,629.63 30000 FIRM 90000 1111
36000 1 1.64 36000 1.23 35556 35,555.56 36000 FIRM 36000 444
42000 4 6.56 168000 5.76 165926 41,481.48 42000 FIRM 168000 2074
48000 2 3.28 96000 3.29 94815 47,407.41 48000 FIRM 96000 1185
54000 3 4.92 162000 5.56 160000 53,333.33 54000 FIRM 162000 2000
60000 1 1.64 60000 2.06 59259 59,259.26 60000 FIRM 60000 741
72000 1 1.64 72000 2.47 71111 71,111.11 72000 FIRM 72000 889
84000 1 1.64 84000 2.88 82963 82,962.96 84000 FIRM 84000 1037
120000 1 1.64 120000 4.12 118519 1,18,518.50 120000 FIRM 120000 1481
210000 1 1.64 210000 720 207407 2,07,407.40 210000 FIRM 210000 2593
360000 3 4.92 1080000 37.04 1066666 3,55,555.60 354000 FIRM 1062000 (4666)
TOTAL 61 100 2916000 100 2880000 2896000 18000

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,
Near Dada Harsukhdas Mandir, New Delhi - 110 062
Tel: +91-11-29961281/83 Fax: +91-11-29961284
Email: beetalrta@gmail.com Website: www.beetalfinancial.com

Place: New Delhi
Date : 07.03.2013
For Channel Nine Entertainment Limited
Sd/-
Gagan Goel
Company Secretary

Channel Nine Entertainment IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in Channel Nine Entertainment IPO?

    Check the basis of allotment document above to know about how the shares are allocated in Channel Nine Entertainment IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is Channel Nine Entertainment IPO basis of allotment status?

    The Channel Nine Entertainment IPO basis of allotment (published above) tells you how shares are allocated to you in Channel Nine Entertainment IPO and category wise demand of IPO share.

    Visit the Channel Nine Entertainment IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is Channel Nine Entertainment IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in Channel Nine Entertainment IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).








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