Paramount Printpackaging IPO Basis of Allotment

PARAMOUNT PRINTPACKAGING LTD.

(Our Company was formed originally as a partnership firm in the name and style of M/s. Paramount Printing Press on November 13,1985. M/s. Paramount Printing Press was converted into a private limited company under Part IX of the Companies Act 1956, with the name of 'Paramount Printing Press Private Limited' pursuant to certificate of incorporation dated March 24,2006 bearing CIN U22200MH2006PTC160735, issued by the Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed to 'Paramount Prepackaging Private Limited' pursuant to a fresh certificate of incorporation consequent upon change of name dated June 2,2010, issued by the Registrar of Companies, Maharashtra, Mumbai. Our Company was converted to a public limited company and the name of our Company was changed to 'Paramount Prepackaging Limited' pursuant to a fresh certificate of incorporation consequent upon change of name dated July 21,2010 issued by the Registrar of Companies, Maharashtra, Mumbai.)

Registered Office and Corporate Office: A/309, TTC Industrial Estate, Mahape Road, Navi Mumbai,
Maharashtra 400 701.
Tel No: + 91 22 4162 7777; Fax No: + 91 22 2778 2743
Email: pppl.ipo@pppltd.in; Website: www.pppltd.in
Contact Person: Ms. Ashwini Rao, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

PROMOTERS OF OUR COMPANY: MR. ASHWIN BABULAL SUKHADIA, MR. ANUJ VIPIN SUKHADIA, MR. DHARMESH ASHWIN SUKHADIA, MR. DIVYESH ASHWIN SUKHADIA, MR. KETAN VIPIN SUKHADIA AND MR. VIPUL ASHWIN SUKHADIA

This Issue was made through a 100% Book Building Process wherein not more than 50% of the Issue will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis, subject to valid bids being received at or above the Issue Price. 5% of the QIB Portion shall be available for allocation on proportionate basis to Mutual Funds only and the remaining Net QIB portion shall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subject to valid bids being received at or above 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 11080 applications for 46295850 equity shares resulting in 3.54 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)

* After considering the undersubscribed portion of QIB category which have been spilled over to Nil and Retail category in the ratio of 35:15 i.e. 32,81,737 shares and 76,57,388 shares respectively.

Final Demand
A summary of the final demand as per BSE and NSE as on me Bid/Issue Closing date at different bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ('BSE') on May 05,2011. The Board of Directors of the Company at its Meeting held at Navi Mumbai, on May 05, 2011, allotted the Equity Shares to the successful applicants. Details of valid applications received and allotments done are as under:

A. Allotment to Retail Individual Investors (After Technical Rejections)

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 5.10 times. As per the Prospectus, the spill over portion from QIB Category was 3074427 equity shares. The total number of equity shares allotted in this category is 7657388 Equity Shares to 9069 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections)

The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category was over subscribed 1.43 times.
As per the Prospectus, the spill over portion from QIB Category was 13,17,611 equity shares. The total number of equity shares allotted in this category is 32,81,737 to 33 successful applicants. All the applicants in this category have been given firm allotment on proportionate basis inverse to the oversubscription ratio.

C. Allotment to QIBs (After Technical Rejections)

The basis of allotment to Non Institutional Investors, who have bid at the Issue Price of Rs. 35/- per Equity Share, was finalized in consultation with BSE. The category was under subscribed 0.33 times. The total number of equity shares allotted in this category is 2155050 to 3 successful applicants.

Refunds have been made through NECS, Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders have been dispatched to their address 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 to trading on BSE and NSE on May 09,2011.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated May 02,2011 ('Prospectus').

This details of the allotment made would be hosted on the website of Registrars to the Issue, Sharepro Services (India) Private Limited at www.shareproservices.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 given below:

Sharepro Services (India) Private Limited
13AB, Samhita Warehousing Complex, 2nd Floor,
Near Sakinaka Telephone Exchange, Andheri (East), Mumbai - 400 072.
Tel No: +91 22 6772 0300, Fax No: +91 22 2850 8927
Email: paramount.ipo@shareproservices.com