May 24, 2013 - May 28, 2013

India Finsec IPO Basis of Allotment

INDIA FINSEC LIMITED

Our Company was originally incorporated as Dynasore Leasing and Holding Private Limited on August 10, 1994 under the Companies Act, 1956 bearing Registration No. 060827 having its Registered Office in Delhi. Pursuant to a special resolution passed by the members on December 09, 2011, the name of the Company was changed to India Finsec Private Limited. Later the Company became a Public Limited Company pursuant to a special resolution passed by the members of our Company on December 19, 2011. For further details regarding the changes in our name and registered office, kindly refer to the Chapter titled 'History and Certain Corporate Matters' beginning on page 95 of the Prospectus. The Company's Corporate Identity Number is U65923DL1994PLC060827.

Registered and Corporate Office: D-16, 1st Floor, Above ICICI Bank, Prashant Vihar, Sector - 14, Rohini,
New Delhi - 110 085
Tel.: +91 -11- 45805612 / 47527593; Fax: +91 - 11- 27029051;
Email: info@indiafinsec.com; Website: www.indiafinsec.com
Company Secretary and Compliance Officer: Ms. Rachna Bhasin
PROMOTERS OF THE COMPANY : MR. GOPAL BANSAL AND MR. MUKESH SHARMA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 60,00,000 EQUITY SHARES OF Rs. 10/- EACH ('EQUITY SHARES') OF INDIA FINSEC LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT PRICE OF Rs. 10/- PER SHARE AGGREGATING TO Rs. 600.00 LACS ('THE ISSUE'), OF WHICH, 6,50,000 EQUITY SHARES OF Rs. 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE PROMOTERS (THE 'PROMOTERS CONTRIBUTION') AND 3,50,000 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 PROMOTERS CONTRIBUTION AND THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 50,00,000 EQUITY SHARES OF Rs. 10 EACH IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.86% AND 25.72%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET OFFER OF 50,00,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR . IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time.

THE FACE VALUE OF OUR EQUITY SHARES IS Rs. 10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS Rs. 10/- EACH AND THE ISSUE PRICE IS 1.0 TIMES OF THE FACE VALUE. ISSUE OPENED ON MAY 24, 2013 AND CLOSED ON MAY 28, 2013.

The Equity Shares of the Company 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, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated April 30, 2013 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before June 11, 2013.*
* Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Net Issue has received 428 applications for 70,00,000 Equity Shares resulting in 1.40 times subscription (excluding reserved portion of Promoters Contribution & Market Maker). The details of the applications received in the Net Issue (before technical rejections) are as follows: Detail of the Applications Received (Before Technical Rejection)

CATEGORY	NO. OF APPLICATIONS	NO. OF EQUITY SHARES	SUBSCRIPTION
Retail Individual Applicant	404	53,80,000	1.40
Non - Retail Individual Applicant	24	16,20,000	1.40
Total	428	70,00,000	1.40

Detail of the Applications Received (After Technical Rejection)

CATEGORY	NO. OF APPLICATIONS	NO. OF EQUITY SHARES	SUBSCRIPTION
Retail Individual Applicant	380	51,20,000	1.3480
Non - Retail Individual Applicant	24	16,20,000	1.3480
Total	404	67,40,000	1.3480

Note: There were 6,50,000 Equity Shares & 3,50,000 Equity Shares reserved for Promoters & Market Makers respectively, which were fully subscribed by them and there were no Technical Rejections.

Retail Individual Investors have subscribed to the extent of 75.9644% of the total valid subscription of 67,40,000 equity shares for the Net Issue. Accordingly Retail Individual Investors have to be allotted 75.9644% of 50,00,000 equity shares offered as Net Issue to the Public i.e 37,98,220 shares as per SEBI (ICDR) Regulations. Balance 12,01,780 equity shares are offered to Non - Retail Category. Further an excess of 1,780 Equity Shares retained for the Retail Individual Investors for rounding off while finalizing the Basis of Allotment to the nearest minimum allotment lot. Accordingly 38,00,000 Equity Shares has been allocated to Retail Individual Investors and 12,00,000 Equity Shares has been allocated to Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on June 05, 2013.

A) Allocation to Marker Maker (After Technical Rejections): 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 times. The total number of shares allotted in this category is 3,50,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (category wise)	No. of Application received	% to Total	Total No.of Shares Applied in Each Category	% of Total	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Off	Ratio of Allotees to Applicants	Total No. of Shares Alloted
3,50,000	1	100.00	3,50,000	100.00	3,50,000	3,50,000	1:1	3,50,000
Total	1	100.00	3,50,000	100.00				3,50,000

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.10/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 38,00,000 Equity Shares (including 1,780 excess Equity Shares due to rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size)). The category was subscribed by 1.3480 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (category wise)	No. of Application received	% to Total	Total No.of Shares Applied in Each Category	% of Total	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Off	Ratio of Allotees to Applicants	Total No. of Shares Alloted
10,000	248	65.26	24,80,000	48.44	7,418	10,000	1:1	24,80,000
20,000	132	34.74	26,40,000	51.56	14,837	10,000	1:1	13,20,000
Total	380	100.00	51,20,000	100.00				38,00,000

C) Allocation to Non - Retails Individual Investors (After Technical Rejections): The Basis of Allotment to the Non - Retail Individual Investors, at the issue price of Rs. 10/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 12,00,000 Equity Shares (excluding 1,780 Equity Shares due to rounding off to the nearest multiple of 10,000 Equity Shares (Lot Size)). The category was subscribed by 1.3480 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (category wise)	No. of Application received	% to Total	Total No.of Shares Applied in Each Category	% of Total	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Off	Ratio of Allotees to Applicants	Total No. of Shares Alloted
30,000	6	25.00	1,80,000	11.11	22,255	20,000	1:1	1,20,000
40,000	5	20.83	2,00,000	12.35	29,674	30,000	1:1	1,50,000
50,000	7	29.17	3,50,000	21.60	37,092	40,000	1:1	2,80,000
90,000	1	4.17	90,000	5.56	66,766	70,000	1:1	70,000
1,00,000	3	12.50	3,00,000	18.52	74,184	70,000	1:1	2,10,000
2,00,000	1	4.17	2,00,000	12.35	1,48,368	1,50,000	1:1	1,50,000
3,00,000	1	4.17	3,00,000	18.52	2,22,552	2,20,000	1:1	2,20,000
Total	24	100.00	16,20,000	100.00				12,00,000

The Board of Directors of the Company at its meeting held on June 06, 2013 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund Advices and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Refunds have been made through ECS, Direct Credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories on or before June 08, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or before June 08, 2013. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten working day, investors may contact at the address given below. The Refund
Advices are accompanied with Demand Drafts which have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been credited to their beneficiary 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 12 working days from the Closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated May 13, 2013 ('Prospectus').

INVESTORS PLEASE NOTE:
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com
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 Application Form, number of shares applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

Skyline Financial Services Private Limited
Contact Person: Mr. Virender Rana
D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi - 110020.
Tel: +91 - 11 - 2681 2682; Fax:+91 - 11 - 3085 7562
Email: admin@skylinerta.com; Investor Grievance Email: virenr@skylinerta.com
Website: www.skylinerta.com

Place: New Delhi Date : June 08, 2013	For India Finsec Limited On behalf of Board of Directors Sd/- Managing Director

India Finsec 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 India Finsec IPO .

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

Visit the India Finsec IPO allotment status page to check the number of shares allocated to your application.

In India Finsec 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 India Finsec IPO basis of allotment document to know how the shares are allocated in India Finsec IPO.

India Finsec IPO Basis of Allotment

India Finsec IPO Basis of Allotment FAQs

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