Future Ventures IPO Basis of Allotment

FUTURE VENTURES INDIA LIMITED

(The Company was originally incorporated as Subhikshith Finance & Investments Limited on July 10, 1996 under the Companies Act, 1956, in Tamil Nadu. The Company was converted into a private company on September 17,2001 and consequently, its name was changed to Subhikshith Finance & Investments Private Limited. Subsequently, the name of the Company was changed to Future Ventures India Private Limited on August 9,2007 and the word "private" was deleted on September 7,2007 upon the Company ceasing to be a private limited company. For details of changes in the name and registered office of the Company, please refer to "History and Certain Corporate Matters" beginning on page 146 of the Prospectus.)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhrali Link Road, Jogeshwari (E), Mumbai 400 060. Contact Person: Manoj Gagvani, Company Secretary and Head - Legal. Tel: (91 22) 3084 2200; Fax: (91 22) 3084 2201; E-mail: investor.care@futureventures.in

PROMOTERS OF THE COMPANY: KISHORE BIYANI, FUTURE CAPITAL INVESTMENT PRIVATE LIMITED, FUTURE CORPORATE RESOURCES LIMITED, FUTURE KNOWLEDGE SERVICES LIMITED, PIL INDUSTRIES LIMITED (FORMERLY KNOWN AS PANTALOON INDUSTRIES LIMITED) AND PANTALOON RETAIL (INDIA) LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 75,00,00,000 EQUITY SHARES OF RS.10 EACH ("EQUITY SHARES") OF FUTURE VENTURES INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.10 PER EQUITY SHARE AGGREGATING UP TO RS.75,000 LAKHS (THE "ISSUE"). THE ISSUE CONSTITUTES 47.58% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH. THE ISSUE PRICE OF THE EQUITY SHARE IS RS.10 EACH AND IS 1 TIME THE FACE VALUE.

ISSUE OPENED ON APRIL 25, 2011. ISSUE CLOSED ON APRIL 27, 2011 FOR QIB BIDDERS AND ON APRIL 28, 2011 FOR RETAIL AND NON INSTITUTIONAL BIDDERS.

The Equity Shares of the Company are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on MAY 10, 2011 subject to receipt of necessary approvals.

This is an issue for more than 25% of the post-Issue capital in accordance with Rule 19(2)(b)(i) of the Securities Contracts Regulations Rules, 1957 ("SCRR"). The Issue is being made through the Book Building Process wherein not more than 50% of the Issue shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIB") Bidders. 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 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 Individual Bidders, subject to valid Bids being received at or above the Issue Price.

The Issue received 35,165 applications for 1,106,504,400 Equity Shares resulting in 1.4753 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor and Anchor Investors 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 May 05,2011.

A. Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 10 per Equity Share, was finalized in consultation with the BSE. This category has been under subscribed to the extent of 0.5414 times. The total number of shares allotted in Retail Individual Investor category is 142,114,200 Equity Shares to 34,693 successful applicants. The under subscribed portion of 120,385,800 Equity Shares have been spilled over to Non-Institutional Bidders. The category-wise details of the Basis of Allotment are (sample) as under:

B. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 10 per Equity Share, was finalized in consultation with BSE. This category has been over-subscribed to the extent of 1.3798 times. The total number of Equity Shares allotted in this category is 510,484,200 Equity Shares to 64 successful applicants. As per the Red Herring Prospectus, the spill over portion from Retail Category (120,385,800 Equity Shares) and QIB Category (277,598,400 Equity Shares) added to this category and were alloted Equity Shares on proportionate basis. The category-wise details of the Basis of Allotment are (Sample) under:

C. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with the BSE. As per the SEBI Regulations, Mutual Funds and other QIBs were allocated the available shares (97,401,600 Equity Shares) on proportionate basis. The under subscribed portion of 277,598,400 Equity Shares have been spilled over to Non-Institutional Bidders.

The IPO Committee of the Company at its meeting held on May 5,2011, has taken on record the basis of allocation of shares approved by the designated Stock Exchange viz., the BSE, Mumbai, of the Issue and has authorized the corporate action for the transfer of the shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on or prior to May 6,2011. 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 account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned.

INVESTORS PLEASE NOTE

These details of the allocation made would be hosted on the website of Registrars to the Offer, Link Intime India Private Limited at Website: www.linkintime.co.in

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:

Link Intime India Private Limited
C-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078
Tel.: +91 22 2596 0320, Fax: +91 22 2596 0329, Email ID: fvil.ipo@linkintime.co.in