Adishakti Loha and Ispat IPO Basis of Allotment

ADISHAKTI LOHA AND ISPAT LIMITED

(Adishakti Loha and Ispat Limited was originally incorporated as "Aawas Infratech Private Limited" on January 08, 2015 under the Companies Act, 2013 with a Certificate of Incorporation issued by the Registrar of Companies, Delhi. Thereafter a fresh certificate of incorporation consequent upon change of name from "Aawas Infratech Private Limited" to "Adishakti Loha and Ispat Private Limited" was issued by the Registrar of Companies, Delhi on October 01, 2019. Subsequently our Company was converted into a Public Limited Company and a fresh certificate of incorporation consequent upon conversion of the Company to public limited company in the name of the "Adishakti Loha and Ispat Limited" was granted by the Registrar of Companies, Delhi on March 04, 2020.)

PUBLIC ISSUE OF 18,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF ADISHAKTI LOHA AND ISPAT LIMITED (THE "COMPANY") FOR CASH AT A PRICE OF RS. 11 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RE. 1 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO RS. 200.20 LACS ("THE ISSUE"), OF WHICH 1,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 11 PER EQUITY SHARE, AGGREGATING TO RS. 11.00 LACS WAS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 11 PER EQUITY SHARE, AGGREGATING TO RS. 189.20 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTE 39.93% AND 37.74% RESPECTIVELYOFTHEFULLYDILUTED POST ISSUE PAID UP EQUITYSHARE CAPITALOFOUR COMPANY.

This Issue is being made in terms of Chapter IX of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time, ("SEBI (ICDR) Regulations"), through the Fixed Price method and hence, as per Regulation 253(2) of SEBI (ICDR) Regulations the allocation of Net Issue to the Public category shall be made as follows:

a) Minimum fifty percent to retail individual investors; and b) Remaining to:

i.) individual applicants other than retail individual investors; and

ii.) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for. The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

For the purpose of Regulation 253(2) of the SEBI (ICDR) Regulations, if the retail individual investor category is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated that higher percentage.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of the BSE Limited ("BSE SME"). Our company has received an in-principle approval vide email dated November 03, 2020 from the BSE Limited ("BSE") for using its name in the Prospectus for listing of our shares on BSE SME. For the purpose of this Issue, the Designated Stock Exchange is the BSE. The trading is proposed to be commenced on October 13, 2021 (subject to receipt of listing and trading approval from BSE Limited).

SUBSCRIPTION DETAILS

The Issue has received 253 applications for 31,70,000 Equity Shares (before multiple and duplicate bids, bids not banked and technical rejection cases). The Issue was subscribed to the extent of 1.74 times as per the bid book received from BSE Limited. After removing multiple and duplicate bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed to the extent of 1.16 times (excluding Market Maker Portion). The details of valid applications received in the Issue (before technical rejections) are as follows:

Summary of Valid Applications

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e. BSE on October 08, 2021.

A. Allocation to Market Maker (After Technical Rejection): The Basis of Allotment to the Market Maker, at the issue price of Rs. 11/- 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 1,00,000 Equity Shares consisting of reserved portion of 1,00,000 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. 11/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.16 times. The total number of shares allotted in this category is 1,720,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Other than Retail Individual Applicants (After Technical Rejections): No valid application has been received from Investors Other than Retail Individual Applicants. Therefore, no allotment has been made under this category. The under- subscribed portion of 8,60,000 Equity Shares from this Category has been spilled over to Retail Investors Category.

The Board of Directors of the Company at its meeting held on October 08, 2021 have taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorised the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Investors as registered with the depositories. Further, the instructions to SCSBs have been issued for unblocking of funds and transfer to Public Offer Account on October 08, 2021. 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. In case the same is not received within the prescribed time, Investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on BSE SME within 6 working days from the closure of the Issue. The trading is proposed to commence on or before Wednesday, October 13, 2021 subject to receipt of listing and trading approvals from the BSE Limited.

INVESTORS PLEASE NOTE

The details of allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.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 has been lodged and payment details at the address of the Registrar to the Issue given below:

	Bigshare Services Private Limited
	1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai-400059
	Tel: +91-22-62638200; Fax :+91-22-62638280 E-mail; ipo@bigshareonline.com Website: www.bigshareonline.com
	Investor Grievance Email: investors@bigshareonline.com
	Contact Person: Mr. Babu Rapheal C.
	SEBI Registration No.: INR000001385

Note: Capitalised terms used and not specifically defined herein shall have the meaning given to such terms in the Prospectus.

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ADISHAKTILOHAANDISPAT LIMITED.

Disclaimer: Adishakti Loha and Ispat Limited has filed the Prospectus with the Registrar of Companies, Delhi and thereafter with SEBI and BSE. The Prospectus is available on the website of the SEBI at www.sebi.gov.in and the website of the Lead Manager to the Issue at www.tcagroup.in and website of the BSE Limited at www.bseindia.com and website of Issuer Company at http://adishaktiloha.com/.

Investors should note that investment in Equity Shares involves high degree of risks. For details, investors should refer to and rely on the Prospectus, including the section titled "Risk Factors" on page 21 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or any state securities law in United States and may not be offered or sold within the United States (as defined in Regulation S under the Securities Act) or to, or for the account benefit of "U. S. Person" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act.