Sea TV Network IPO Basis of Allotment

SEA TV NETWORK LIMITED

(Incorporated as Sea TV Network Limited on May 21,2004 with the Registrar of Companies, Uttar Pradesh and Uttarakhand, Kanpur)
Registered Office: 148, Manas Nagar, Shahganj, Agra - 282010 Tel..0562-4036666, 2512122, 2512123, 2512223
Fax: 0562-2511070 Email: cs@seatvnetwork.com Website: www.seatvnetwork.com
Contact Person: Mr. Ashish Mittal, Company Secretary and Compliance Officer
Promoters: Mr. Neeraj Jain, Mr. Akshay Kumar Jain, Mr. Pankaj Jain, Mrs. Sonal Jain & Mrs. ChhayaJain

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 50,20,000 EQUITY SHARES OF Rs.10/- EACH FOR CASH AT A PRICE OF Rs. 100 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 90 PER EQUITY SHARE) AGGREGATING Rs. 5020 LACS BY SEA TV NETWORK LIMITED ('THE COMPANY' OR 'ISSUER' OR 'SEA TV') (HEREINAFTER REFERRED TO AS THE 'ISSUE') COMPRISING OF A NET OFFER TO THE PUBLIC OF 50,20,000 EQUITY SHARES OF Rs.10/- EACH AGGREGATING Rs. 5020 LACS (HEREINAFTER REFERRED TO AS THE 'NET OFFER TO THE PUBLIC') OF WHICH 5,02,000 EQUITY SHARES AGGREGATING Rs. 502 LACS BEING 10% OF THE NET OFFER TO THE PUBLIC TO BE COMPULSORILY ALLOTTED TO QIBS. THE NET OFFER TO THE PUBLIC WOULD CONSTITUTE 41.76% OF THE FULLY DILUTED POST ISSUE PAID UP CAPITAL OF THE COMPANY.

This Issue is being made in terms of clause 26(2)(a)(ii) & (b)(i) of SEBI (ICDR) Regulations, 2009, as amended from time to time, whereby the 'Project' has at least 15% Participation by Financial Institutions/Scheduled Commercial Banks, of which at least 10% comes from the appraiser(s). In addition to this, at least 10% of the Issue size shall be allotted to QIBS, failing which the full subscription monies shall be refunded. (In case of delay, if any in refund, SEA TV Network Limited shall pay interest on the application money at the rate of 15% per annum for the period of delay). Further, the minimum post-issue face value capital of the company shall be Rs. 10 crores.

The Issue is being made through a 100% Book Building Process wherein not more than 50% of the Net offer to the public shall be allocated on proportionate basis to Qualified Institutional Buyers, (including 5% for Mutual Funds). (However, atleast 10% of the Net Offer to the Public shall be compulsorily subscribed by and allotted to Qualified Institutional Buyers (QIBs) failing which entire subscription monies shall be refunded.) Further, not less than 15% of the Net offer to the public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Net offer to the public 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 20,006 applications for 52,770,900 equity shares resulting in 10.5121 times subscription. The details of the applications received in the issue from Qualified Institutional Buyers, Non-Institutional, Retail Individual Investor are as under: (Before technical rejections)

Final Demand
The final demand at different bid prices is as under:

Basis of Allocation was finalized in consultation with the Bombay Stock Exchange Limited ('BSE')on October 8,2010.

A. Allocation to Retail Individual investors (After Technical Rejections) (Including ASBA Applications)
The Basis of 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 in consultation with BSE. This category has been over subscribed to the extent of 7.9488 times. The total number of shares allotted in Retail Individual investor category is 1,757,000 Equity Shares to 15,404 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allocation to Non Institutional Investors (After Technical Rejections) (Including ASBA Applications)
The Basis of Allocation to the Non-Institutional Investors, who have bid at the Issue Price of Rs. 100 per Equity Share, was finalized in consultation with BSE. This category has been over subscribed to the extent of 45.1270 times. The total number of equity shares allotted in this category is 753,000 equity Shares to 47 successful applicants. 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 BSE. As per the SEBI regulations, QIBs were allocated shares (2,510,000 Eqiity Shares) on proportionate

The IPO Committee of the company at its Meeting held on October 9,2010 has taken on record the basis of allocation of shares approved by the designated , Stock Exchange viz., The Stock Exchange, Mumbai, of the Offer and has authorized the Corporate Action for the transfer of the shares to various successful applicants.

The CAN-cum-Refund Orders along with allotment advice and notices have been dispatched to the address of the bidders as registered with the depositories on October 11,2010. The instructions to Self Certified Syndicate Banks ('SCSBs') for unblocking and transfer of funds have been sent on October 08,2010. In case the same is not received, bidders may contact at the address given below. The equity shares allocated to successful applicants are credited to their beneficiary accounts on October 11,2010, subject to validation of the account details with the depositories concerned. The Company has filed its Listing application with Bombay Stock Exchange Limited (the 'Designated Stock Exchange') on October 11,2010 and the Equity Shares will be admitted for trading on this Stock Exchange w.e.f October 14,2010.

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, Pannalai Silk Mills Compound, LB.S. Marg,Bhandup (West), Mumbai 400 078   Tel.: +91 22 2596 0320, Fax: +91 22 2596 0329 Email ID: stnl.ipo@linkintime.co.in