November 24, 2014 - November 26, 2014

Aanchal Ispat IPO Basis of Allotment

(This is only an advertisement for Information purposes and not a Prospectus announcement)

AANCHAL ISPAT LIMITED

Our Company was incorporated as 'Vinita Projects Private Limited' a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated January 30,1996 issued by the Registrar of Companies, West Bengal.The name of our Company was changed to 'Aanchal Ispat Private Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated November 29,2012, issued by the Registrar of Companies, West Bengal. Our Company was converted into a public limited company under the Companies Act and the name of our Company was changed to 'Aanchal Ispat Limited' pursuant to certificate of incorporation consequent upon conversion to public limited company dated August 21,2014,issued by the Registrar of Companies, West Bengal. Our corporate identification number is U27106WB1996PLC076866. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 33 and 85, respectively, of the Prospectus.

Registered Office: J. L. No. 5, National Highway No. 6, Mouza Chamrail, Howrah - 711114, West Bengal, India;
Tel. No.: +91 3212 246121; Fax No.: +91 3212 246 069; Corporate Office: Paridhan Garment Park, SDF V, Block E, Module 503,19 Canal South Road, Kolkata - 700 015, West Bengal, India Tel: +91 33 2251 0128; Fax: +91 33 22510128; Website: www.aanchalispat.com; E-mail: ipo@aanchalispat.com
Company Secretary and Compliance Officer: Ms. Babita Kaur Bagga

PROMOTER OF OUR COMPANY: MUKESH GOEL; MR. MANOJ GOEL AND PRATIK SUPPLIERS PRIVATE LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 80,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF AANCHAL ISPAT LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS 10 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS 1,600.80 LACS ('THE ISSUE'), OF WHICH 4,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING RS 81.60 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 75,96,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 20 PER EQUITY SHARE, AGGREGATING 1,519.20 LACS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.38% AND 36.43% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR 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 OFER OF 75,96,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE 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.

THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH AND THE ISSUE PRICE OF RS 20 IS 2 TIMES OF THE FACE VALUE ISSUE OPENED ON MONDAY, NOVEMBER 24,2014 AND CLOSED ON WEDNESDAY, NOVEMBER 26,2014
PROPOSED LISTING: WEDNESDAY, DECEMBER 10,2014*

The Equity Shares offered through this 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, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated October 14,2014 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from WEDNESDAY, DECEMBER 10,2014 *.
'Subject to receipt of listing and trading approvals from the BSE Limited.

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 Issue has received 639 applications for 1,03,20,000 Equity Shares resulting in 1.289 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:
Detail of the Applications Received (Before Technical Rejection)

Category	No. of Applications	%	No. of Equity Shares	%	Subscription
Market Maker	1	0.16%	408000	3.95%	1.000
Retail Individual Applicant	318	49.77%	1908000	18.49%	0.502
Other than Retail Individual Applicants	320	50.08%	8004000	77.56%	2.107
Total	639	100.00%	10320000	100.00%	1.289

The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below:

Technical rejection / Withdrawal

Category	No. of Applications	No. of Equity Shares
Market Maker	Nil	Nil
Retail Individual Applicant	12	72000
Non Institutional Applicant	9	150000
Total	21	222000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

After technical rejections

Category	No. of Applications	%	NO. OF EQUITY SHARES (VALID)	%	SUBSCRIPTION	NO. OF EQUITY SHARES (ALLOCATED)
Market Maker	1	0.16%	408000	4.04%	1.000	408000
Retail Individual Applicant	306	49.51%	1836000	18.18%	0.483	3798000
Other than Retain Individual Applicants	311	50.32%	7854000	77.78%	2.068	3798000
Total	618	100.00%	10098000	100.00%	1.262	8004000

The under subscribed 19,62,000 equity shares of Retail Individual Investors Category have been spilled over to other than Retail Individual Investors category.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on December 5,2014.

A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 20 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 4,08,000 Equity Shares.

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 20 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.483 times i.e. for 18,36,000 equity shares. Due to under subscription all the 306 valid applicants in this category have been given full and firm allotment of 6,000 equity shares each and the under subscribed portion, being 19,62,000 equity shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.

C) Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs 20 per Equity Share, was finalised in consultation with BSE. The category was subscribed 2.068 times. After adding the spill over 19,62,000 equity shares from Retail individual Investors category the category was subscribed by 1.364 times. The total number of shares allotted in this category is 57,60,000 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 This Category	%to Total	Proportionate Shares Available	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Off	Ratio of Allotees to Applicants	Total No. of Shares Allotted	Surplus/ Defecit
12000	191	61.41	2292000	29.18	1680917	8800.61	6000	1:1	1146000	(534917)
								3:6	576000	576000
18000	21	6.75	378000	4.81	277219	13200.92	12000	1:1	252000	(25219)
24000	41	13.18	984000	12.53	721650	17601.22	18000	1:1	738000	16350
30000	6	1.93	180000	2.29	132009	22001.53	24000	1:1	144000	11991
36000	11	3.54	396000	5.04	290420	26401.83	24000	1:1	264000	(26420)
48000	16	5.14	768000	9.78	563239	35202.44	36000	1:1	576000	12761
60000	12	3.86	720000	9.17	528037	44003.06	42000	1:1	504000	(24037)
72000	2	0.64	144000	1.83	105607	52803.67	54000	1:1	108000	2393
84000	4	1.29	336000	4.28	246417	61604.28	60000	1:1	240000	(6417)
96000	2	0.64	192000	2.44	140810	70404.89	72000	1:1	144000	3190
102000	1	0.32	102000	1.30	74805	74805.19	72000	1:1	72000	(2805)
150000	1	0.32	150000	1.91	110008	110007.64	108000	1:1	108000	(2008)
216000	1	0.32	216000	2.75	158411	158411.00	156000	1:1	156000	(2411)
498000	2	0.64	996000	12.68	730451	365225.36	366000	1:1	732000	1549
Total	311	100.00	7854000	100.00	5760000				5760000	0

The Board of Directors of the Company at its meeting held on December 6,2014 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on December 8, 2014. Further, the instructions to Self Certified Syndicate Banks have been dispatched on or prior to December 8, 2014. In case the same is not received within 10 days, investors may contact at the address given below. Refunds have been made through Direct credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Refund Orders are being dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being 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 twelve working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated November 13,2014 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.com. 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 Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
No. 9, Shiv Shakti Ind. Estate, Gr. Floor, J. R. Boricha Marg;
Lower Parel, Mumbai-400 011
Tel: +91 22 2301 6761/8261; Fax: +91 22 2301 2517
Website: www.purvashare.com; Email: busicomp@vsnl.com
SEBI Regn No. INR000001112; Contact Person: Mr. Rajesh Shah

Place: Kolkata Date : December 8,2014	For AANCHAL ISPAT Limited On behalf of Board of Directors Sd/- Mr. Mukesh Goel 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 AANCHAL ISPAT LIMITED.

Aanchal Ispat 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 Aanchal Ispat IPO .

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

Visit the Aanchal Ispat IPO allotment status page to check the number of shares allocated to your application.

In Aanchal Ispat 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 Aanchal Ispat IPO basis of allotment document to know how the shares are allocated in Aanchal Ispat IPO.

Aanchal Ispat IPO Basis of Allotment

Aanchal Ispat IPO Basis of Allotment FAQs

How shares are allotted in Aanchal Ispat IPO?

What is Aanchal Ispat IPO basis of allotment status?

What is Aanchal Ispat IPO allotment process?

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