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Midvalley Entertainment IPO Details
IPO Date Jan 10, 2011 - Jan 12, 2011
IPO Price ₹70
Face Value ₹10
IPO Size ₹60.00 Cr
Listing At BSE
IPO Lot Size 95

This is only an advertisement for the information purposes not for publication or distribution outside India and not a prospectus announcement.

MIDVALLEY ENTERTAINMENT LIMITED

(Our Company was originally incorporated in India as "CTV Entertainment Private Limited" on July 12,1989 under the Companies Act, 1956.
For details of the changes in the name of our Company and our Registered Office, see "History and Certain Corporate Matters" on page 109 of the Prospectus.)
Registered Office: 9th Floor, Gee Gee Emerald, 312, Valluvar Kottam High Road, Nangumbakkam, Chennai - 600034, Tamil Nadu, India. Tel.: 91-44-30632454
Fax: 91-44-30632453; Contact Person: Mr. S.N. Madhavan, Company Secretary and Compliance Officer.
Email: ipo@mvel.in; Website: www.mvel.in

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 85,71,429 EQUITY SHARES OF RS.10/- EACH (EQUITY SHARES) FOR CASH AT A PRICE OF RS. 70/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 60/- PER EQUITY SHARE) FOR CASH AGGREGATING RS. 6000 LACS BY MIDVALLEY ENTERTAINMENT LIMITED. THE ISSUE WOULD CONSTITUTE 25.04% OF THE POST ISSUE PAID-UP EQUITY CAPITAL OF OUR COMPANY.

THE ISSUE PRICE IS RS. 70/- PER EQUITY SHARE. THE FACE VALUE OF EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE IS 7.0 TIMES OF THE FACE VALUE

The Promoters of the Company are Datuk K. Ketheeswaran, M/s. Unlgold Pacific Limited, M/s. Global Motion Pictures & Ventures Limited and M/s. Kiara Enigma Sdn Bhd.

The Issue is being made through the 100% Book Building Process wherein up to 50% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs"), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds and the remaining QIB Portion shall be available for allocation on proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above Issue Price. Further, not less than 15% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the issue Price.

The Issue received 15,109 applications for 3,14,31,910 equity shares resulting in 3.667 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor are as under: (Before technical rejections)

Category No. of Applications No. of Shares No. of times Subscriptions
A Retail Individual Bidders 15,086 2,79,22,040 9.307
B Non Institutional Bidders 19 18,79,860 1.462
C Qualified Institutional Bidders 4 16,30,010 0.38
Total 15,109 3,14,31,910 3.667

Final Demand
The final demand at different bid prices is as under:

Bid Price No. of Shares % to Total Cumulative Total Cumulative % to total
64 43,890 0.12 3,78,56,645 100.00
65 3,895 0.01 3,78,12,755 99.88
66 1,045 0.00 3,78,08,860 99.87
67 1,425 0.00 3,78,07,815 99.87
68 95 0.00 3,78,06,390 99.87
69 95 0.00 3,78,06,295 99.87
70 & CUT OFF 3,78,06,200 99.87 3,78,06,200 99.87
Total 3,78,56,645 100.00

The Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ("BSE') on January 20, 2011.

A. Allocation to Retail Individual Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 70 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 9.307 times. The total number of shares allotted in Retail Individual Investor category is 51,35,659 Equity Shares to 14,994 successful applicants. The category-wise details of the Basis of Allotment are as under:-

Category No. of
Applications
% to
Total
Total No. of
Shares Applied
% to
Total
No. of
Shares Allocated
Ratio Total No. of
Shares
Allocated
95 1,294 8.63 1,22,930 0.44 95 12:65 22,705
190 437 2.91 83,030 0.30 95 7:19 15,295
285 243 1.62 69,255 0.25 95 5:9 12,825
380 253 1.69 96,140 0.35 95 17:23 17,765
475 168 1.12 79,800 0.29 95 83:90 14,725
570 74 0.49 42,180 0.15 105 FIRM 7,770
665 254 1.69 1,68,910 0.61 123 FIRM 31,242
760 149 0.99 1,13,240 0.41 140 FIRM 20,860
885 47 0.31 40,185 0.14 158 FIRM 7,426
950 131 0.87 1,24,450 0.45 175 FIRM 22,925
1045 36 0.24 37,620 0.14 193 FIRM 6,948
1140 59 0.39 67,260 0.24 210 FIRM 12,390
1235 48 0.32 59,280 0.21 228 FIRM 10,944
1330 41 0.27 54,530 0.20 246 FIRM 10,086
1425 4,710 31.41 67,11,750 24.13 263 FIRM 12,38,730
Additional 1 7:94 351
1520 42 0.28 63,840 0.23 281 FIRM 11,802
1615 5 0.03 8,075 0.03 298 FIRM 1,490
1710 11 0.07 18,810 0.07 316 FIRM 3,476
1805 5 0.03 9,025 0.03 333 FIRM 1,665
1900 18 0.12 43,200 0.12 351 FIRM 6,318
1995 3 0.02 5,985 0.02 368 FIRM 1,104
2090 14 0.09 29,260 0.11 386 FIRM 5,404
2185 13 0.09 28,405 0.10 403 FIRM 5,239
2280 10 0.07 2,280 0.08 421 FIRM 4,210
2375 5 0.03 11,875 0.04 438 FIRM 2,190
2470 8 0.05 19,760 0.07 456 FIRM 3,648
2565 36 0.24 92,340 0.33 474 FIRM 17,064
2660 11 0.07 29,260 0.11 491 FIRM 5,401
2755 27 0.18 74,385 0.27 509 FIRM 13,743
2850 6,842 45.63 1,94,99,700 70.10 526 FIRM 35,98,892
Additional 1 3:20 1,026
Total 14,994 100.00 2,78,18,280 100.00 51,35,659

B. Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 70 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 1.462 times. The total number of equity shares allotted in this category is 18,05,760 equity shares to 18 successful applicants. The category-wise details of the Basis of Allotment are under:

Category No. of
Applications
% to
Total
Total No. of
Shares Applied
% to
Total
No. of
Shares Allocated
Ratio Total No. of
Shares
Allocated
7125 4 22.22 28,500 1.58 7,125 FIRM 28,500
14345 1 5.56 14,345 0.79 14,345 FIRM 14,345
20425 1 5.56 20,425 1.13 20,425 FIRM 20,425
35720 4 22.22 1,42,880 7.91 35,720 FIRM 1,42,880
57000 1 5.56 57,000 3.61 57,000 FIRM 57,000
57095 2 11.11 1,14,190 6.32 57,095 FIRM 1,14,190
142880 1 5.56 1,42,880 7.91 142,880 FIRM 1,42,880
285665 3 16.67 8,56,995 67.46 285,665 FIRM 8,56,995
428545 1 5.56 4,28,545 23.73 428,545 FIRM 4,28,545
Total 18 100.00 18,05,760 100.00 18,05,760

C. Allocation to QIBs
The Basis of Allocation to the Qualified Institutional Bidders (QIBs) has been finalised on full and firm basis in consultation with BSE. As per the SEBI regulations, Mutual Funds were to be initially allocated 5% of the quantum of the Equity Shares available. However, there were no applications from Mutual Funds. The category was subscribed to the extent of 0.38 times and the total number of successful applicants are 4.

Category Flls / Banks Flls MFs ICs VCs Total
No. of Shares - 16,30,010 - - - 16,30,010

The Board of Directors of the company at its Meeting held on January 20, 2011 has taken on record the basis of allocation of shares approved by the designated Stock Exchange viz., Bombay Stock Exchange Limited, Mumbai, and has authorized the Corporate Action for the transfer of the shares to various successful applicants. The CAN-cum-Refund Orders along with allotment advice and notices will be dispatched to the address of the bidders as registered with the depositories on January 22, 2011. The instructions to Self Certified Syndicate Banks ("SCSBs") for unblocking and transfer of funds have been sent on January 21,2011. In case the same is not received, bidders may contact at the address given below. The equity shares allocated to successful applicants will be credited to their beneficiary accounts on or before January 22, 2011 subject to validation of the account details with the depositories concerned. The Company will file its Listing application with Bombay Stock Exchange Limited (the "Designated Stock Exchange') on January 24, 2011 and is taking steps to get the Equity Shares admitted for trading on these Exchanges w.e.f. January 27, 2011.

INVESTORS PLEASE NOTE
This detail of the allocation made would be hosted on the website of Registrars to the Offer, Cameo Corporate Services Limited at Website: www.cameoindia.com

All future correspondence in this regard may kindly be addressed to the Registrars to the offer quoting full name of the First / Sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

Cameo Corporate Services Limited
Subramanian Building, No.1 Club House Road, Chennai 600 002.
Tel.: +91 44 2846 0390 (5 lines), Fax: +91 44 2846 0129, Email ID: investor@cameoindia.com

Place : Chennai
Dale : January 21,2011
For MIDVALLEY ENTERTAINMENT LIMITED
Mr. S. N. Madhavan
Company Secretary and Compliance Officer

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 MIDVALLEY ENTERTAINMENT LIMITED

Find the basis of allotment for Midvalley Entertainment IPO. The basis of allotment document helps to understand how shares are allotted in IPO of Midvalley Entertainment Ltd. It provides detail about how many valid IPO applications received for Midvalley Entertainment IPO and IPO allotment ratio in investor categories i.e. Retail, NII, QIB, Employee and Shareholders. You could find the answer to questions like; why I didn't get IPO allotment in Midvalley Entertainment IPO? or what is the Midvalley Entertainment IPO allotment ratio?




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