Pyramid Saimira IPO Basis of Allotment

PYRAMID SAIMIRA THEATRE LIMITED
(Formerly known as Pyramid Entertainment Limited)
India's Mega Theatre Chain Company

Our Company was incorporated as Pyramid films International Private Limited on 20/06/1997 under Companies Act, 1956, with the Registration No.18-38469. The name of   our Company was changed to Pyramid films International Limited w.e.f.10/08/2000. Subsequently it was charged to Pyramid Entertainment and Softsystems Limited w.e.f 14/08/2000 and was further changed to Pyramid Entertainment Limited w.e.f. 01/01/2002. The name was further changed to Pyramid Saimira  Theatre Limited w.e.f. 23/08/2004 under the Companies Act, 1956 and a fresh certificate of Incorporation was received from the Registrar of Companies, Tamilnadu. For details on changes to our Registered Office, please refer to the chapter titled 'History and Other Corporate Matters' on page 66 of the Prospectus.)

Registered Office: C-1, II Floor, Temple Towers, # 672 Anna Salai, Nandanam, Chennai 600 035. Tel: (044) 42123456; Fax: (044) 42121080 E-Mail: pstl@pstl.in; Webiste: www.pstl.in

BASIS OF ALLOCATION

PUBLIC ISSUE OF 84,44,000 EQUITY SHARES OF RS.10/- EACH AT A PRICE OF RS. 100/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 90/- PER SHARE) AGGREGATING RS. 8,444.00 LAKHS (REFERRED TO AS 'THE ISSUE'). THE ISSUE COMPRISED A PROMOTER CONTRIBUTION OF 9,31,165 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 100/- PER EQUITY SHARE AGGREGATING RS. 931.165 LAKHS AND EMPLOYEES' RESERVATION OF 4,22,200 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 100/- PER EQUITY SHARE FORCASH AGGREGATING RS. 422.2 LAKHS. THE ISSUE LESS PROMOTERS' CONTRIBUTION AND EMPLOYEES' RESERVATION SHALL BE HERE IN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE WILL CONSTITUTE 29.87% OF POST ISSUE PAIDUP CAPITAL OF THE COMPANY. THE NET ISSUE WILL CONSTITUTE 25.08% OF THE POST ISSUE PAIDUP CAPITAL OF THE COMPANY

THE FACE VALUE PER EQUITY SHARE IS RS. 10/-. THE ISSUE PRICE PER EQUITY SHARE 1S RS.100/ -AND IT IS 10 TIMES THE FACE VALUE

The issue made through the 100% Book Budding Process wherein up to 50% of the net Issue was to be allocated 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, at least 15% of the issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.

The Issue received 67,562 applications for 13,02,21,000 equity shares resulting in 17.33 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Employees categories are as under. (Before technical rejections)

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

The Basis of Allocation was finalized in consultation with Bombay Stock Exchange Limited ('BSE') on 29th December, 2006.

The Allocation to the Employees, who have bid at cut-off or at the Issue Price of Rs.100/- per equity share, was finalized on a proportionate basis in consultation with BSE. The category was over subscribed 1.02 times. The total number of shares allotted in this category is 422200 equity shares to 13 successful applicants. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections)
The Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.100/-per equity share, was finalized on a proportionate basis in consultation with BSE. The category was over subscribed 15.54 times. The total number of shares allotted in this category is 2488768 equity shares to 40575 successfull applicants (7046 shares have been allotted over and above the percentage of Issue size available for allocation to this category for rounding off). The category-wise details of the Basis of Allocation are as under:

C. Allocation to Non institutional Investors(After Technical Rejections)
The Allocation to the Non institutional Investors, who have bid at the Issue Price of Rs.100/- per equity share, was finalized on a proportionate basis in consultation with BSE. The category was subscribed 28.09 times. The total number of shares allotted in this category is 1064013 Equity Shares to 161 successful applicants (418 shares have been allotted over and above the percentage of issue size available for allocation to this category for rounding off). The category-wise detalls of the Basis of Allocation(Sample) are as under.

D. Allocation to QIBs

Allocation 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 (177266) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available shares (3368052) on proportionate basis.

The Board of Directors of the company at it's Meeting held on 30th December, 2006 has approved the basis of allocation of shares of the Issue and has allotted the share to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories. 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 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 Bombay Stock Exchange Limited and National Stock Exchange of India Limited within seven working days from the date of approval of the basis of allocation.

This details of the allocation made would be hosted on the website of Registrars to the issue, Cameo Corporate Services Limited at www.cameoindia.com

All future correspondence in this regard may kindly be addressed to the Registrars to the issue 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 below.

REGISTRAR TO THE ISSUE
CAMEO CORPORATE SERVICES LIMITED
Unit: Pyramid Saimira Theatre Limited,
Subramanian Building, No.1, Club House Road, Chennai-600002.
Fax: 044-28460129, Email: investor@cameoindia.com