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:

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:

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:

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:

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.

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

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.