Esteem Bio IPO Basis of Allotment

ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED

Our Company was originally incorporated in New Delhi as 'Esteem Constructions Private Limited' on 27th July, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. The name of the Company was changed to Esteem Bio Organic Food Processing Private Limited and a fresh certificate of incorporation consequent to the change of name was granted by the National Capital Territory of Delhi & Haryana on 15th December, 2008. Our Company was subsequently converted in to a public limited company and consequently name was changed to 'Esteem Bio Organic Food Processing Limited' vide fresh certificate of incorporation dated 28th January, 2009 issued by the Registrar of Companies, National Capital Territory of Delhi & Haryana. For further details in relation to the changes to the name of our Company, please refer to the section titled 'Our History and Corporate Structure' beginning on page 72 of the Prospectus.

PUBLIC ISSUE OF 45,00,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ESTEEM BIO ORGANIC FOOD PROCESSING LIMITED ('EBOFPL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 25/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 1125.00 LACS ('THE ISSUE'), OF WHICH, 7,50,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 37,50,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.20% AND 25.17%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 5th January, 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 18TH JANUARY, 2013 AND CLOSED ON 22ND JANUARY, 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 18th December, 2012 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 of 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 527 applications for 48,78,000 Equity Shares (Including Market Maker Application of 7,50,000 Equity Shares) resulting 1.08 times subscription. After considering, cheque return cases of 15 applications of 90,000 Equity Shares, the Issue was subscribed 1.06 times. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications 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 Rejection & withdrawal):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 1 st February, 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 7,50,000 Equity shares in full out of reserved portion of 7,50,000 Equity Shares.

B. Allocation to Retell Individual Investors (After Technical Rejections & 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 by1.44 times. Total number of shares allotted in this categoiy is 26,22,000 Equity Shares including additional 1658 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:

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 0.62 times. Total number of shares allotted in this category is 11,46,000 Equity Shares including additional 16,342 Equity Shares forthe purpose of rounding off to the nearest multiple of6,000 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 2nd February, 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 4th February, 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 4th February, 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 7th february, 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, Cameo Corporate Services Limited at www.cameoindia.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 Fom of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

CAMEO CORPORATE SERVICES LIMITED
Subramanian Building, 1 Club House Road, Chennai 600 002.
Tel No.: +91-44-2846 0390(5 Lines), Fax No.: +91-44-2846 0129
Website: www.cameoindia.com, E-mail ID: investor@cameoindia.com