Globus Spirits IPO Basis of Allotment

Globus Spirits Limited

(Originally incorporated as Globus Agronics Limited on February 16,1993 with the Registrar of Companies, Delhi & Haryana, and obtained the Certificate of Commencement of Business on March 19,1993. The name of the Company was subsequently changed to Globus Spirits Limited vide a fresh Certificate of Incorporation obtained on January 23,2007 from the Registrar of Companies, Delhi and Haryana at New Delhi. (For details of changes in the Registered Office of the Company, please refer to page no. 9 of the Prospectus)
Registered Office: C-631, New Friends Colony, New Delhi -110065, India; Tel: +91 11 26928130, Fax: +91 11 26822805 Corporate Office: D-26, Sector 3, Noida 201 301, Uttar Pradesh, India; Tel.: +91 120 4245442, Telefax: +91 120 4245443 Contact Person/Compliance Officer: Mr. Santosh Kumar Pattanayak, Company Secretary;
E-mail: ipo@globus9roup.in; Website: www.globusspirits.com

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 75,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100/- (INCLUDING SHARE PREMIUM OF RS. 90/- PER EQUITY SHARE) AGGREGATING TO RS. 7500.00 LAKHS (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE COMPRISES A RESERVATION FOR ELIGIBLE EMPLOYEES OF UPTO 50,000 EQUITY SHARES OF RS. 10/- EACH (THE "EMPLOYEE RESERVATION PORTION") AGGREGATING TO RS. 50 LAKHS AND THE NET ISSUE TO THE PUBLIC OF 74,50,000 EQUITY SHARES OF RS. 10/- EACH (THE "NET ISSUE") AGGREGATING TO RS. 7,450 LAKHS.
THE ISSUE WILL CONSTITUTE 37.96 % OF THE FULLY DILUTED POST-ISSUE PAID-UP CAPITAL OF THE COMPANY. THE NET ISSUE TO PUBLIC WOULD CONSTITUTE 37.71 % OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.
ISSUE PRICE: RS. 100/- PER EQUITY SHARE of FACE VALUE OF RS. 10/- EACH

The Issue was made through the 100% Book Building Process wherein upto 50% of the net Issue was to be allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, not less than 15% of the Issue shall be available for allotment on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allotment on a proportionate basis to Retail Bidders, subject to valid bids being recerved at or above the Issue Price. Further upto 50,000 equity shares shall be available for allotment on a proportionate basis to eligible employees, subject to valid bids being received at or above the issue price, the issue opened for subscription on August 31,2009 and closed on September 02,2009. The Issue received 7,874 valid applications for 86,13,080 shares resulting in 1.14 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employee categories are as under: (Before technical rejections)

*This includes 2284 applications aggregating to 592760 equity shares which were applied through Applications Supported by Blocked Amounts (ASBA) process.

Final Demand

A sample of the final demand at different bid prices is as under

The Basis of Allotment was finalized in consultation with the Bombay Stock Exchange Limited ("BSE, The Designated Stock Exchange") on September 14,2009. Details of valid applications received and allotments done are as under:

A. Allotment to Employees (After Technical Rejections): The Basis of Allotment to the Employees, who have bid at cut-off or at the Issue Price of Rs. 100/- per Share was finalized in consultation with BSE. The category was subscribed 0.66 times. All the valid successful Applicants have been allotted shares on a full and firm basis. The total number of Shares allotted in this category is 33,250 Shares to 19 successful applicants.. The Unsubscribed portion of 16,750 shares is added to Non Institutional Investors Category.
B. Allotment to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 100/-per Share, was finalized in consultation with BSE. The category was subscribed 0.94 times.All the valid successful applicants have been alotted of shares on a full and firm basis.the total number of shares allotted in this category is 24,64,070 to 7523 successful applicants. This includes 2274 applications aggregating to 588770 equity shares applied through ASBA. The Unsubscribed portion of 1,43,430 equity shares is added to Non Institutional Investors Category.
C. Allotment to Non Institutional Investors (After Technical Rejections): The Basis of Allotment to Non-Institutional Investors, who have bid at the Issue Price of Rs.100/- per Share, was finalized in consultation with BSE. The category was oversubscribed 1.13 times. The total number of Shares allotted in this category is 21,02,860 Shares to 26 successful applicants including spill over from QIB Category (8,25,180 Shares), Employee Category (16,750) & Retail Category (1,43,430). The category-wise details of Basis of Allotment are as under

D. Allotment to QIBs: Allotment to QIBs has been done on a proportionate basis in consultation with BSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of shares available (1,86,250) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (27,13,570) on proportionate basis. The Unsubscribed portion of 8,25,180 shares is added to Non Institutional Investors Category.

The Board of Directors of the company at it s Meeting held on September 15,2009 has approved the basis of allotment of shares of the Issue and has allotted the shares to various successful applicants. The Allotment Advice cum ECS/RTGS/NEFT/ Direct Credit Intimation have been dispatched to the address of the investors as registered with the depositories and instructions to Self Certified Syndicate Banks (SCSB) has been completed on 16/09/2009 in respect of ASBA applicatJons. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company has filed a listing application with Bombay Stock Exchange Limited (BSE) & National Stock Exchange of Limited (NSE) on 16/09/2009. The company is taking steps to get the shares admitted for trading on the NSE and BSE within seven working days from the date of approval of the basis of allotment. "

LINK INTIME INDIA PRIVATE LIMITED
C-13 pannalal Silk Mills Compound, LBS Marg, Bhandup West, Mumbai - 400 078,
Tel: 91 22 2596 0320 Fax: 91 22 2596 0329 Email: gsl.ipo@linkintime.co.in,
Contact person: Mr. Sachin Acha

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GLOBUS SPIRITS LIMITED