DMart IPO Basis of Allotment

DIMart

AVENUE SUPERMARTS LIMITED

Our Company was incorporated as Avenue Supermarts Private Limited on May 12,2000 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956. The name of our Company was changed to Avenue Supermarts Limited due to conversion from a private company to a public company on May 3.2011. For details of changes in the name and the registered: office of our Company, sea 'History and Certain Corporate Matters' on page 143 of the Prospectus dated March 14.2017 ('Prospectus').

Registered Office; Anjaneya CHS Limited. Orchad Avenue, Opp Hiranandani Foundation School, Powai, Mumbai -400 076. Corporate Office: B - 72/72A. Wagle Industrial Estate, Road No. 33, Kamgar Hospital Road, Thane -400604.Contact Person: Ashu Gupta, Company Secretary and Compliance Officer- Tel: (91 22) 3340 0500; Fax: (91 22) 3340 0599, Email: mailto:investorrelations@dmartindia.com; Website: www.dmartindia.com; Corporats Identity Number: U51900MH2000PLC126473

PROMOTERS OF OUR COMPANY: RADHAKISHAN S. DAMANI, GOPIKISHAN S. DAMANI, SHRIKANTADEVI R, DAMANI, KIRANDEVI G. DAMANI,
BRIGHT STAR INVESTMENTS PRIVATE LIMITED, ROYAL PALM PRIVATE BENEFICIARY TRUST, MOUNTAIN GLORY PRIVATE BENEFICIARY TRUST,
BOTTLE PALM PRIVATE BENEFICIARY TRUST, GULMOHAR PRIVATE BENEFICIARY TRUST AND KARNIKAR PRIVATE BENEFICIARY TRUST

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on BSE Limited ('BSE') and National Stock Exchange of India Limited ('NSE') and trading of tha Equity Shares will commence on or about March 21,2017.

PUBLIC ISSUE OF 62,541,806 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF AVENUE SUPERMARTS LIMITED (OUR 'COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 299 PER EQUITY SHARE (INCLUDlNG) A SHARE PREMIUM OF RS 289 PER EQUITY SHARE) AGGREGATING UP TO RS 18,700 MILLION .THE ISSUE CONSTITUTES 10.02% OF THE POST-1SSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE ISSUE PRICE :RS 299 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE ISSUE PRICE IS 29.9 TIMES OF THE FACE VALUE
ANCHOR INVESTOR ISSUE PRICE: RS 299 PER EQUITY SHARE

Risks to Investors:

i. One Global Co-ordinator and Book Running Lead Manager and eight Book Running Lead Managers associated with
the Issue have handled 48 public issues in the current financial year and two financial years preceding the current
financial year, out of which 13 issues closed below the issue price on listing date.

ii. The average cost of acquisition of Equity Shares of Promoters. Radhakishan S. Damani, Goplkishan S. Damani, Shrikantadevi R.Damani, Kirandevi G. Damani and Bright Star Investment Private Limited is Rs10.00 and the average cost of acquisition of Equity Shares by our Promoters Royal Palm Private Beneficiary Trust, Mountain Glory Private Beneficiary Trust, Bottle Palm Private Beneficiary Trust, Gulmohar Private Beneficiary Trust and Karnikar Private Beneficiary Trust is Rs 3.33 and the Issue Price at upper end of the price band is significantly high at Rs 299.

BlD/lSSUE PROGRAMME:
BID/ISSUE OPENED ON MARCH 8.2017* | BID/lSSUE CLOSED ON MARCH 10,2017
*THE ANCHOR INVESTOR BID/ISSUE PERIOD WAS MARCH 7,2017

In tems of Rule 19(2)(b))(iii) of the SecuritesContracts (Regulation) Rules, 1957, as amended (the 'SCRR'),this was an issue for at least 10% of the post-Issue paid-up Equity Share capital of our Company. The Issue has been made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI Regulations'), through the Book Building Process wherein 50% of the Issue was-allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'), and our Company allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids received from domestic Mutual Funds at the Anchor Investor Allocation Price, in accordance with the SEBI Regulations.5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor investors}, including Mutual Funds, subject to valid Bids received at the issue Price. Further, not less than 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Issue was available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received at the Issue Price. All potential investors, other than Anchor Investors, were required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank account which were blocked by the Self Certified Syndicate Banks ('SCSBs') to participate in the Issue, Anchor Investors were not penrirted to participate in the Anchor Investor Portion through the ASBA process. For details. see 'Issue Procedure' beginning on page 334 of the Prospectus.

Please note that participation by non-residents in the Issue was restricted to partcipation by (i) Flls and FPls through the portfolio investment scheme under Schedule 2 and 2A of  the fema Regulations, as the the case may be. in the issue subject to limited of the individual holding of an fii/FPI below 10% of the post-Issue paid-up caoital of the Company and the aggregate limit for Fll/FPI investment to 20% of the post-Issue paid-up capital of our Company: and (ii) Eligible NRIs only on non-repatriation basis under Schedule 4 of the FEMA Regulations subject to limit of the Individual holding of an NRl below 5% of the post-lssue paid-up capital of the Company and the aggregate limit for NRI investment to 10% of the post-lssue paid-up capital of our Company. Further, other non-residents such as FVCls and multilateral and bilateral devebpment financial institutions were not permitted to participate in tha Issue. As per the existing policy of the Government, OCBs cannot participate in this Issue. Also, alternative investment fund and venture capital funds where sponsor and manager is Indian owned and controlled under the FEMA Regulations were only allowed to participate in the lssue.
The Issue received 1,797,410 Applications for 4.590.896.550 Equity Shares (before technical rejections) resulting in 73.4052 times- subscription. The details of the Applications received in the Issue from various categories are as under (Before technical rejections)