Prabhat Dairy IPO Basis of Allotment

Not for release in the United States. This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe for securities.
Not for publicaton or distribution, directly or indirectly outside India. All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the Prospectus dated September 10,2015.

PRABHAT DAIRY LIMITED

Our Company was incorporated as Prabhat Dairy Private Limited on November 25,1998 at Ahmednagar as a private limits company under the Companies Act. 1956. Our Company was converted into a public limited Company and consequently, the name of our company was changed to Prabhat Dairy Limited. For further Details, Please see the section entitled ' History and Certain Corporate matters' on Page 150 Of the RHP.

Registered Office: 121/2A At Post Ranjankholrahala, Shrirampur. Ahmednagar 413 720; Tel; +91 24 2264 5500; Fax: +9124 2226 5016;
Corporate Office: Plot No. D-37/4, TTC MIDC Industrial Area, Turbhe, Navi Mumbai 400 705; Tel: +9122 4128 7700; Fax: +9122 4128 7777;
Contact Person: Priya Nagmoti, Company Secretary and Compliance Officer; E-mail: investors@prabhatdairy.in Website: www.prabhatfresh.com
Corporate Identity Number; U15203PN1995PLC013066.

BASIS OF ALLOTMENT

The Equity Shares are proposed to be listed on the BSE Limited ('BSE'') and the National Stock Exchange of India Limited ('NSE') and the trading will commence on or before September 21,2015.

OUR PROMOTERS: NIRMAL FAMILY TRUST,
SARANGDHAR RAMCHANDRA NIRMAL AND VIVEK SARANGDHAR NIRMAL

PUBLIC ISSUE OF 31,163,146 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (THE 'EQUITYSHARES') OF PRABHAT DAIRY LIMITED (OUR 'COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 115 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF  RS 105 PER EQUITY SHAREf AGGREGATING UP TO RS 3,561.88 MILLION (' ISSUE') CONSISTING OF A FRESH ISSUE OF 26,247,421 EOUTTY SHARES AGGREGATING UP TO RS 3,000 MILLION AND AN OFFER FOR SALE OF 4,915,925 EQUITY SHARES * COMPRISING OF 1,051,317 EQUITY SHARES' BY NIRMAL FAMILY TRUST (PROMOTER), 2,194,564 EQUITY SHARES* BY THE INDIA AGRI BUSINESS FUND LTD., 7,688 EQUITY SHARES BY THE REAL TRUST, AND 1,655,156 EQUITY SHARES BY SOCIETE DE PROMOTION ET DE PARTICIPATION POUR LA COOPERATION ECONOMIQUE, THE ISSUE WILL CONSTITUTE 31.90% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY. OUR COMPANY AND THE SELLING SHAREHOLDERS IN CONSULTATION WITH THE GLOBAL COORDINATORS AND BOOK RUNNING LEAD MANAGERS (''GC-BRLMS') AND THE BOOK RUNNING LEAD MANAGER {'BRLM', TOGETHER WITH THE GC-BRLMS, REFERRED TO AS THE 'LEAD MANAGERS') HAVE DECIDED TO OFFER A DISCOUNT OF RS 5 PER EQUITY SHARE TO THE RETAIL INVESTORS ('RETAIL DISCOUNT') IN TERMS OF THE SEBI REGULATIONS.

Please note as per the Red Herring Prospectus, in addition to the fresh issue, an offer for sale was made for upto 14,706,000 Equity Shares comprising of upto 3,151,000 Equity Shares by Nirmal Family Trust (promoter), up to 6,580,000 Equity Shares By the India Agri Business Fund Ltd. Upto 23,000 Equity Shares by the real trust, and Upto 4,952,000 Equity Shares by Societe De Promotion Et De Participation Pour La Cooperation Economique.

THE FACE VALUE OF EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS  RS 115 PER EQUITY SHARE AND IS 11.5 TIMES
HE FACE VALUE OF THE EQUITY SHARES.

BID/ISSUE: OPENED ON AUGUST 28, 2015
CLOSED OH SEPTEMBER 4, 2015*

* Pursuant to a revision in the Price Band, the Bid/issue period was extended by three Working Days from September 1,2015 fo September 4, 2015.

In terms of Rule 19(2}(b)(i) of the Securities Conrtacts (Regulation) Rules, 1957, as amended ('SCRR') this is an Issue for at least 25% of the post-issue paid up equity share capiat of our Company. The Issue is being made through the book Building Process, in compliance with Regulalion 26(1) of SEBI Regulations, wherein 50% of the Issue shall be available for allocation on a proportionate basis to QlBs, provided that our Company and the Selling Shareholders in consultation with the Lead Managers may allocate up to 50% of the QIB Category to Anchor Investors on a discretionary basis' 5% of the QIB Category (excludng the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIBCategory shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), 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 avaiable for allocation on a proportionate basis to Non-institutional Bidders and not less than 35% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received a: or above ihe Issue Price. All potential Bidders, other than Anchor investors, may participate in the Issue through an Application Supported by Blocked Amount ('ASBA') process providing details of their respective bank account which will be blocked by the SCSBs. QIBs and Non-institutional Bidders are mandatorily required to utilise the ASBA process to participate in the Issue. Anchor Investors are not peermitted to participate in the Issue through ASBA Process. For details, please see the section entitled 'Issue Procedure' on page 437 of the Prospectus.

All investors, can participate in the Issue through the ASBA process by providing the details of their respective bank accounts in which the corresponding Amount will be blocked by the SCSBs, However, QIBs and Non-institutional Investors are mandatorily required to submit their Bids by way of ASBA only. For details, please see the section entitled 'issue Procedureon page 437 of the Prospectus.

Our Company and the Selling Shareholders in Consultation with the Lead Managers have decided not to consider participation by Anchor Investors.

Anchor investors.

The Issue received 33,730 applications for 31,291,966 Equity Shares {prior to technical rejections) i.e. a subscription of 0.9659 times the Issue size as per the prospectus. The details of the applicatioris received in the Issue From retail Individual Bidders, Non-institutional Bidders. QIBs are as under (before technical rejectioris):