Midvalley Entertainment IPO Basis of Allotment

This is only an advertisement for the information purposes not for publication or distribution outside India and not a prospectus announcement.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

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)

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

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:-

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:

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.

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.

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

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