September 9, 2013 - September 12, 2013

Ace Tours Worldwide IPO Basis of Allotment

ACE TOURS WORLDWIDE LIMITED

Our Company was originally incorporated as 'Ace Tours Worldwide Private Limite' on July 13, 2007 by covversion of a partership firm Ace tours worldwide under Part IX of the companies Act, 1956 vide certificate of incorporation bearing CIN number U63040GJ2007PLC051318 issued by the Asst. Register of companies, Gujarat, Dadara and Nagar Haveli. Our company was converted in to paublic limited company vide fresh certificate of incorporation dated September 30, 2011 and the name of our company was changed to 'Ace Tours Worldwide Limited'. For further details of our company, please refer to the chapters titled 'General Information' and 'History and Certain corporate matters' begining on page 27 and 87 respectively of the prospectus.

Registered Office & Corporate Office: F-22-23-24. Jolly Arcade, Ghod Dod Raod , Surat-395007, Gujarat.;
Tel: 91 -261 -2656667, Facsimile: 91 -261 -2656851; Email: ipo@acetours.in. Website: www.ace1world.com;
Contact Person & Compliance Officer: Mr. Ankit Shukla, Company Secretary & Compliance Officer;
PROMOTERS OF THE COMPANY: Mr Raju Choksi, Mr Bharat Choksl, Mr Jayesh Choksi and Mr Mayank Choksi

PUBLIC ISSUE OF 50.00,000 EQUITY SHARES OF RS. 10/- EACH ('EQUITY SHARES') OF ACE TOURS WORLDWIDE LIMITED ('THE COMPANY' OR THE 'ISSUER') FOR CASH AT APRICE OF RS.16/- PER EQUITY SHARE( 'THE ISSUE PRICE') INCLUDNG A SHARE PREMIUM OF RS.6 PER EQUITY SHARE . AGGREGATING TO RS. 800.00 LACS ('THE ISSUE'). OF WHICH, 2.80,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 47,20,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF Rs16 PER EQUITY SHARE AGGREGATING RS.755.20 LACS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 39.46% AND 37.25%, RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

This being a Fixed Price Issue and in terms of Prospectus dated 2nd September, 2013 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Offer to Public shall be 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 investors and b) other investors including corporate bodies institutions irrespective of no.of shares applied for. The unsubscribed portion of the net offer to any one 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, the retail 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. 16 EACH. THE ISSUE PRICE IS 1.6 TIMES OF THE FACE VALUE. ISSUE OPENED ON SEPTEMBERS, 2013 AND CLOSED ON SEPTEMBER 12,2013

PROPOSED LISTING

The Equity Shares offered through the Prospectus arc 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 approval of the shares being offered in this Issue. However Our Company has received an approval letter dated 17TH May. 2013 from BSE for using its name in the offer document for listing of our Equity Shares on the SME platform of BSE. The designated stock exchange is BSE Limited. The trading is proposed to be commenced on or bofore September 26, 2013'

•Subject to the receipt of the listing anq trading approvals from the bse Limited

All Applicants were allowed 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 wore blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 168 applications for 54,88.000 Equity Shares (Including Market Maker Application of 2,80,000 Equity Shares) resulting 1.0976 times subscription. After considering, cheque return cases of 9 applications of 72000 Equity Shares, the Issue was subscribed 1.0832 times. The details of the applications received in the Issue (before technical rejections) are as follows:

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

CATEGORY NUMBER OF
APPLICATION S NUMBER OF
EQUITY SHARE SUBSCRIPTION

Market Makers 1 280000 1.00

Other than Retail Individual Investor's 17 4008000 1.70

Retail Individual Investor's 141 1128000 0.49

TOTAL 159 5416000 1.06

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

CATEGORY NUMBER OR
APPLICATIONS NUMBER OR
EQUITY SHARES

Market Makers Nil Nil

Other than Retail Individual Investor's 1 344000

Retail Individual Investor's 7 56000

TOTAL 8 400000

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

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES SUBSCRIPTION

Market Makers 1 280000 1.000

Other than Retail Individual Investor's 16 3664000 1 .55

Retail Individual Investor's 134 1072000 0.454

TOTAL 151 5016000 1.003

In the event of over subscription, the allotment will be made on proportionate basis in the marketable lots. There was under subscription 12.88,000 equity shares in retail category and an over subscription, of 13.04,000 equity shares in non-retail category. The unsubscribed portion of retail category i.e 12,88.000 equity shares has been added to the non retail category.

ALLOCATION: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - BSE Limited on 23rd September, 2013.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.16/- 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 2.80,000 Equity shares in full out of reserved portion of 2,80,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment lo the Retail Individual Investors, al the issue price of Rs.16/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.454 limes. Total number of shares allotted in this category is 10,72,000 Equity Shares. The category wise details of the basis of allotment are as under:

No. of Shares Applied) for
(Category wise) No. of Applications % to
total Total No.
of Equity Shares
applied % _{of total} Proportionate
Shares Available Alloca tion per
Appllc
ant Ratio Allottees
to the Appllca nts Total No.
of Equity
Shares allotted Surplus (Deficit)

8000 134 100 1072000 100 2360000 8000 FIRM 3336000 1615

TOTAL 134 100 1072000 100 2360000 8000 - 3336000 1615

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. 16/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.65 times. Total number of shares allotted in this category is 3648000 Equity Shares including additional 10,760 Equity Shares for the purpose of rounding off to the nearest multiple of 8.000 Equity Shares (Lot Size) The category wise basis of allotment is as under:

No. of
Shares applied for (Catgorywise) Number of applications
received % To Total Total No. of Shares applied in each category % to Total Proportionate
shares available Allocation per Applicant (bafore rounding off) Allocation par Applicant (after rounding off) Ratio of allottees applicants Total No.
Of shares
allocated/
allotted % To Total no. of
Shares Surplus/Deficit

80000 3 18.75 240000 6.55 238952 79630.66 80000 Firm 240000 6.58 1048

88000 1 6.25 88000 2.40 87616 87615.72 88000 Firm 88000 2.41 384

96000 1 6.25 96000 2.62 95581 95560.79 96000 Firm 96000 2.63 419

120000 1 6 25 120000 3.27 119476 119475.98 120000 Firm 170000 3.29 524

144000 1 6.25 144000 3.93 143371 143371.18 144000 Firm 144000 3.95 629

246000 3 18.75 744000 20 31 740751 246917.03 248000 Firm 744000 20 39 3249

264000 1 6.25 264000 7.21 262847 262847.16 264000 Firm 264000 7.24 1153

304000 1 6.25 304000 8.30 302672 302672 49 304000 Firm 304000 8.33 1328

400000 3 18.75 1200000 32.73 1194760 398253.28 392000 Firm 1184000 32.24 -18760

8000 1:3 8000 0.22 8000

464000 1 6.25 464000 12.66 461974 4619736 464000 Firm 464000 12.72 2026

16 100.00 3664000 100.00 3646000 3648000 100.00 0

The Board of Directors of the Company at its meeting hetd on 23rd September, 2013 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 / dispatch of share certificates to various successful applicants.
The CAN-cum-Refund orders and allotment advice and/or notices are being dispatched to the addressof the applicants as registered with the Depositories/as filled in the application form on or bofore 25th September. 2013. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 24 th September. 2013. In case the same is not received within 10 days, investors may contact at the address grven below. 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.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Satellite Corporate Services Pvt Ltd at www.satellitecorporate.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 boon lodgod and payment details at the address of the Registrar given below:

SATELLITE CORPORATE SERVICES PRIVET LIMITED
B-302 SONY APARTMENT, OPPST JUDE HIGH SCHOOL,
90 FT ROAD. JARIMARI. SAKINAKA. MUMBAI-400072
Tel No.: +91-22-28520461/462 Fax No.: +91-22-2846 0129
website: www.satellitecorporate.com; E-mail IDservice@satellilecorporate.com
SEBI REGN NO: INR000003639. Contact Person: Mr. Michael Montoiro

Place : Surat
Date : 24.09.2013 For Ace Tours Worldwide Limited
Raju Choksi
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD MOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ACE TOURS WORLDWIDE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assorted to them in the Prospectus

Ace Tours Worldwide 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 Ace Tours Worldwide IPO .

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

Visit the Ace Tours Worldwide IPO allotment status page to check the number of shares allocated to your application.

In Ace Tours Worldwide 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 Ace Tours Worldwide IPO basis of allotment document to know how the shares are allocated in Ace Tours Worldwide IPO.

Ace Tours Worldwide IPO Basis of Allotment

Ace Tours Worldwide IPO Basis of Allotment FAQs

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What is Ace Tours Worldwide IPO basis of allotment status?

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