Basis of Allotment

SITA SHREE FOOD PRODUCTS LIMITED

SITA SHREE FOOD PRODUCTS LIMITED

[Incorporated on 17/04/1996 under the Companies Act, 1956 as 'Sitashree Foods Products Private Limited' vide Certificate of Incorporation issued by the Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently converted into a public limited company and the name of the Company was changed to 'Sitashree Foods Products Limited' vide a. fresh certificate of Incorporation dated 14/02/1997'. The name of the Company was further changed to 'Sita Shree Food Products Limited' vide a fresh certificate of Incorporation dated 28/04/2006]

Registered Office: 332/4/2, R.D. Udhyog Nagar, Palda Nemawar road, Mathurawala's Colony, lndore-452001 (M.R)
Tel.: +91-731-2862122; Fax: +91-731-2862121; E-mail:info@sitashri.com; Website: www.sitashri.com
Contact Person: Ms. Rekha Jain, Company Secretary & Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 1,05,00,000 EQUITY SHARES OF RS. 10/- EACH AT A PRICE OF RS. 30/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 20/- PER EQUITY SHARE) FOR CASH AGGREGATING RS. 3150 LACS BY SITA SHREE FOOD PRODUCTS LIMITED (HEREINAFTER REFERRED TO AS THE "ISSUE"). THE ISSUE CONSTITUTES 47.65% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY
THE ISSUE PRICE IS 3 TIMES OF THE FACE VALUE

The Issue was made through the 100% Book Building Process wherein upto 50% of the Issue shall be allotted on a proportionate basis to Qualified Institutional Buyers (QIB's) (including 5% of the QIB portion to specially be allotted to Mutual Funds, if any). Further, at least 15% of the Issue was to available for allotment on a proportionate basis to Non-Institutional Bidders and at least 35% of the Issue was to be available for allotment on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.
The Issue received 9835 applications for 2,53,08,200 Equity Shares resulting in 2.41 times subscription. The details of the applications received In the Issue from QIBs, Non-Institutional Investors, and Retail Individual Investors are as under:

S. No. Category Number of Applications received
(After Technical Rejections)
Number of Shares
Bidded
A    Retail Individual Bidders 9771 1,55,84,000
B    Non Institutional Bidders 68    37,74,400
C    Qualified Institutional Bidders 6    59,49,800
   Total 9835 2,53,08,200

A. Allotment to Retail individual Investors
The Basis of Allotment to the Retail Individual Investors, who have bid at Cut off Price or at the Issue Price of Rs.30/- per Equity Share, was finalized in consultation with the BSE. This category has been over-subscribed to the extent of 4.24 times. The total number of Equity Shares allotted in this category is 36,75,000 Equity Shares to 7050 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
(After technical
Rejections)
% to
total
Total No. of
Equity Shares
Applied
Ratio No. of Shares Allotted
per
applicant
No. of
Successful Applicants
Total No.
of Equity
Shares Allotted
200 2511 25.70 502200 9:38 200 595 119000
400 1129 11.56 451600 8:17 200 531 106200
600 641 6.56 384600 5:7 200 458 91600
800 488 5.00 390400 19:20 200 464 92800
1000 402 4.11 402000 Firm 236 402 94872
1200 74 0.76 88800 Firm 283 74 20942
1400 34 0.35 47600 Firm 330 34 11220
1600 563 5.76 900800 Firm 377 563 212251
1800 44 0.45 79200 Firm 424 44 18656
2000 51 0.52 102000 Firm 472 51 24072
2200 3 0.03 6600 Firm 520 3 1560
2400 18 0.18 43200 Firm 566 18 10188
2600 13 0.13 33800 Firm 613 13 7969
2800 15 0.15 42000 Firm 660 15 9900
3000 14 0.14 42000 Firm 707 14 9898
3200 3771 38.60 12067200 Firm 754 3771 2843334
1:7 1 538 538
Total 9771 100.00 15584000 7050 3675000

B. Allotment to Non institutional Investors
The Basis of Allotment to the Non-Institutional Investors, who bid at the Issue Price of Rs. 30/- per Equity Share, was finalized In consultation with the BSE. This category has been oversubscribed to the extent of 2.40 times. The total number of Equity Shares allotted in this category is 1575000 Equity Shares to 58 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications
(After technical
Rejections)
% to total Total No. of
Equity Shares
Applied
Ratio No. of Shares Allotted
per
applicant
No. of
Successful Applicants
Total No.
of Equity
Shares Allotted
3400 1 1.72 3400 Firm 1418 1 1418
3600 2 3.45 7200 Firm 1502 2 3004
6600 3 5.17 19800 Firm 2754 3 8262
7000 2 3.45 14000 Firm 2921 2 5842
8000 1 1.72 8000 Firm 3338 1 3338
9800 1 1.72 9800 Firm 4089 1 4089
10000 3 5.17 30000 Firm 4173 3 12519
10200 2 3.45 20400 Firm 4256 2 8512
10400 4 6.90 41600 Firm 4340 4 17360
10600 4 6.90 42400 Firm 4423 4 17692
16600 5 8.62 83000 Firm 6927 5 34635
16800 5 8.62 84000 Firm 7010 5 35050
25000 1 1.72 25000 Firm 10432 1 10432
33200 2 3.45 66400 Firm 13854 2 27708
50400 1 1.72 50400 Firm 21031 1 21031
66600 3 5.17 199800 Firm 27791 3 83373
83200 4 6.90 332800 Firm 34718 4 138872
85000 1 1.72 85000 Firm 35469 1 35469
100000 1 1.72 100000 Firm 41728 1 41728
116600 3 5.17 349800 Firm 48655 3 145965
120000 1 1.72 120000 Firm 50074 1 50074
165000 1 1.72 165000 Firm 68852 1 68852
166600 1 1.72 166600 Firm 69519 1 69519
174400 1 1.73 174400 Firm 72774 1 72774
179200 1 1.73 179200 Firm 74777 1 74777
207200 1 1.73 207200 Firm 86461 1 86461
213600 1 1.73 213600 Firm 89132 1 89132
225600 1 1.73 225600 Firm 94139 1 94139
750000 1 1.73 750000 Firm 312976 1 312973
Total 58 100.00 3774400 58 1575000

C. Allotment to Qualified Institutional Buyers
This category was over-subscribed 1.13 times and the Company received 6 applications for 5949800 equity shares. The Category-wise details are as follows:

Category

MFs Flls/Bank/FI's VC'S Total
No. of Shares - 5949800 - 5949800

The Board of Directors of the Company at its Meeting held at Indore on March 27,2008 has approved the basis of allotment of shares of the Issue and has allotted the shares to successful applicants.
The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as
registered with the depositories on March 29,2008. In case the same is not received within ten days, investors may contact
the Registrar at the address given below. The Equity Shares allotted to successful applicants are credited to their beneficiary
accounts subject to validation of the account details with the depositories concerned. The Company has received the approval from Bombay Stock Exchange Limited (BSE, Designated Stock Exchange) and National Stock Exchange of India Limited (NSE) for listing and trading of equity shares vide their letter(s) dated April 03,2008. The Equity Shares of the company are permitted for trading with effect from Monday April 07,2008.

INVESTORS PLEASE NOTE
The details of the allotment made is hosted on the website of the Registrar to the Issue, Ankit Consultancy Private Limited at www.ankitonline.org

All future correspondence in this regard may kindly be addressed to the Registrar 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:

ANKIT Consultancy Private Limited
2nd Floor, Alankar point, Gita Bhawan Chouraha, A.B. Road, Indore - 452 001 (M.P.)
Tel.: +91-731-2491298; Fax: +91-731-5065798. Website : www.ankitonline.org
E-mail: ankitind@sancharnet.in / Contact Person: Mr. Bhagwat S. Nagori

Place : Indore
Date : April 3,2008
For Sita Shree Food Products Limited
Sd/-
Dinesh Agrawal
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SITA SHREE FOOD PRODUCTS LIMITED.
Note: All capitalized terms used hereinabove and not specifically defined shall have the respective meaning as assigned to them in the Prospectus.

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