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September 1, 2016 - September 7, 2016

Spicy Entertainment IPO Basis of Allotment

SPICY ENTERTAINMENT AND MEDIA LIMITED

CINNo.: U22219WB2012PIC188312

Our Company was originally incorporated as 'Lahotl Entertainment & Media Limited' in Kolkata. West Bengal as a Public Limited Company under the provisions of the Companies Act. 1956 vide Certificate of Incorporation dated 15th November, 2012 bearing Registration Number: 188312 issued by the Registrar of Companies, Kolkata., West Bengal and having Certificate for Commencement of Business dated 11th December, 2012. Subsequently, the name of Our Company was changed to ''Spicy Entertainment and Media. Limited' and a Fresh Certificate of Incorporation dated 7th November, 2014 issued by the Registrar of Companies. Kolkata, West Bengal. The Corporation Identification Number of our Company is U22219WB2012PLC188312. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General information' and 'Our History and Corporate Structure' beginning an page 35 and 120 respectively of the Prospectus.

Registered Office: 4, Fairlie Place, HMP House, 4th Floor, Room No - 408, Kolkata - 700 001, West Bengal.
TeI No.: +91 -33 -4008 8181 | + 91 88205 00005 | +91 88204 00004 | Email: info@spicyy.in | Website: www.spicyy.in
Company Secretary & Compliance Officer: Ms. Diprani Thakur
PROMOTERS OF OUR COMPANY: M/S. PINK LADY MERCHANDISE LLP & MR. ANINDYA BIKAS DATTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 48,20,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF SPICY ENTERTAINMENT AND MEDIA LIMITED ('SEML' OF THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 10 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 482.00 LACS ('THE ISSUE'), OF WHICH, 2,60,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 45,60,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.19% AND 27.62%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY

In terns of Prospectus dated l6th August, 2016 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a)  individual applicants other than retail nvestors and b) other investors including corporate bodies/ institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to anyone of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation; for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009. if the retail individual investor is entitled to more than fifty percent, on proportionate basis individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 10 EACH.
THE ISSUE PRICE IS 1.00 TIME OR AT PAR OF THE FACE VALUE.
ISSUE OPENED ON 1st SEPTEMBER, 2016 AND CLOSED ON 7th SEPTEMBER, 2016

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company is not required to obtain an in-principle approval of the shares being offered in this Issue. However Company has received an approval letter dated 9th May, 2016 from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.
All Applicants are mandatorily to participate in the Issue through Application Supported by Blocked Amount ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Sell Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 181 applications for 57,60,000 Equity Shares (Including Market Maker Application of 2,60,000 Equity Shares) resulting 1.195 times subscription. The details of the application received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 260000 1.000
Other than Retail individual Investor's 25 3600000 1.579
Retail Indivudual Investor's 155 1900000 0.833
TOTAL 181 5760000 1.195

The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers Nil Nil
Other than Retail Individual Investor's 2 60000
Retail Individual Investor's 9 130000
TOTAL 11 190000

Details of the Valid Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 260000 1.000
Other than Retail Individual Investor's 23 3540000 1.553
Retail Individual Investor's 146 1770000 0 776
TOTAL 170 5570000 1.156

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 12th September, 2016.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 10 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,60,000 Equity shares in full out of reserved portion of 2,60,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs 10 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.776 times. Total number of shares allotted in this category is 17,70,000 Equity Shares. The balance 5,10,000 Equhy Shares has been spilled over to Non Retail Investors category. The category wise basis of allotment is as under:

No. of Shares Applied for
(Category wise)
No. of Applications % to Total Total No. of
Equity Shares applied
% to Total Proportionate
Shares Available
Allocation per Applicant
(Before Rounding off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees
To The Applicants
Total No.
of Equity
Shares allotted
Surplus/ (Deficit)
10000 115 78.77 1150000 64.97 1481356 12881 10000 FIRM 1150000 (331356)
20000 31 21.23 620000 35.03 798644 25763 20000 FIRM 620000 (178644)
TOTAL 146 100 1770000 100 2280000 1770000 (510000)

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs 10 per Equity Share, was finalized In consultation with BSE. The category was subscribed by 1.553 times. Total number of shares allotted In this category is 27,90,000 Equity Shares including spill over of 5,10,000 Equity Shares from Retail individual category. The category wise basis of allotment is as under:

No. of Shares Applied for
(Category wise)
No. of Applications % to Total Total No. of
Equity Shares applied
% to Total Proportionate
Shares Available
Allocation per Applicant
(Before Rounding off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees
To The Applicants
Total No.
of Equity
Shares allotted
Surplus/ (Deficit)
30000 2 8.70 60000 1.69 47288 23644 20000 FIRM 40000 7288
50000 2 8.70 100000 2.82 78814 39407 40000 FIRM 30000 (1138)
70000 1 4.35 70000 1.98 55169 55169 50000 FIRM 50000 5169
90000 1 4.35 90000 2.54 70932 70932 70000 FIRM 70000 932
100000 8 34.78 800000 22.60 630508 78814 80000 FIRM 640000 (9492)
120000 1 4.35 120000 3.39 94576 94576 90000 FIRM 90000 4576
150000 1 4.35 150000 4.24 118220 118220 120000 FIRM 120000 (1780)
250000 3 13.04 750000 21.19 591102 197034 200000 FIRM 600000 (8898)
300000 2 8.70 600000 16.95 472881 236441 240000 FIRM 480000 (7119)
400000 2 8.70 800000 22 60 630510 315255 310000 FIRM 620000 10510
TOTAL 23 100 3540000 100 2790000 2790000 -

The Board of Directors of the Company at its meeting held on 12th September 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.

The allotment advice and / or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 15th September, 2016. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 15th September, 2016. In case the same is not received within 10 days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneliciary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 16th September, 2016 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details, of the allotmenl made would also be hosted on the website of the Registrar to the Issue, Maheshwari Datamatics Private Limited at All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and ASBA Bank details at the address of the Registrar given below:

MAHESHWARI DATAMATICS PRIVATE LIMITED
6, Mangoe Lane, 2nd Floor; Kolkata - 700 001. Tel: + 91 33 2243 5029 / 2248 2248
Fax: + 91 33 2248 4787 | Email: mdpldc@yahoo.com | Website: www.mdpl.in
SEBI Registration No.: INR006000353 | Contact Person; Mr S Rajagopal

Place: Kolkata
Date: 13.09.2016
For Spicy Entertainment & Media Limited
Sd/-
Anindya Bikas Datta
Managing Director

Spicy Entertainment IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Spicy Entertainment IPO .

The Spicy Entertainment IPO basis of allotment (published above) tells you how shares are allocated to you in Spicy Entertainment IPO and category wise demand of IPO share.

Visit the Spicy Entertainment IPO allotment status page to check the number of shares allocated to your application.

In Spicy Entertainment IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Spicy Entertainment IPO basis of allotment document to know how the shares are allocated in Spicy Entertainment IPO.