June 30, 2016 - July 4, 2016

Advance Syntex IPO Basis of Allotment

ADVANCE SYNTEX LIMITED

CIN: U17119GJ1990PLG014406

Our Company was incorporated as Advance Syntex Private Limited on September 21,1990 under the provisions of Companies Act, 1956 with Registrar of Companies, Dadra & Nagar Haveli, Gujarat, vide registration no. 014406 (CIN: U17119GJ1990PTC014406). Pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on October 24, 2015. our Company was converted into a Public Limited Company and the name was changed to "Advance Syntex Limited" and a fresh Certificate of Incorporation dated November 23,2015 was issued by the Registrar of Companies, Ahrnedabad. For details of the changes in our Name and Registered office, please see section titled ''History and Certain Corporate Matters" on page 125 of the prospectus.
Registered Office: 233/2 & 238/2 GIDC, POR Ramangamdi. Vadodara-391243, Gujarat, India..Tel: +91-265-2331850; Fax: +91-265-2631648.
Email: info@midasglitter.com ; Website: www.midasglitter.com� Contact Person : Ms. Lakshita Sabnani (Company Secretary & Compliance Officer)

PROMOTER OF OUR COMPANY: MR. BHAVAN DHIRENDRA VORA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF ADVANCE SYNTEX LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS 12.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 2.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 252 00 LAKHS ("THE ISSUE"), OF WHICH 120,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 12.00 PER EQUITY SHARE, AGGREGATING TO RS 14.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 19, 80,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH AT AN ISSUE PRICE OF RS 12.00 PER EQUITY SHARE AGGREGATING TO RS 237.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"}- THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.53% and 25.02%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 234 OF THE PROSPECTUS.

THIS ESSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PACE 242 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 12.00 EACH.
THE ISSUE PRICE IS 1.2 TIMES OF THE FACE VALUE, ISSUE OPENED ON THURSDAY, JUNE 30, 2016 AND CLOSED ON MONDAY, JULY 04, 2016.

The Equity Shares offered through 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, we are not required to obtain an in-principle listing approval for the Shares being offered in this issue. However, our Company has received an In-principle approval letter dated May 03,2016 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about Tuesday. July 12, 2016*.

*Subject to receipt at listing and 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 were blocked by Sell Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 595 applications for 70,00,000 Equity Shares resulting m 3.33 Times subsaipiion (including reserved portion of market maker). The details of the applications received in the issue (Below Technical Rejection) are as follows:

Detail of the Application Received (Before Technical Rejection:)

Category	No. of Applications	%	Number of Equity Shards	%	Subscription (Times)
Market Makers	1	0.17	1,20,000	1.71	1
Retail individual Investors	562	94.45	56,20,000	80.29	5.68
Other than Retail individual Investors	32	5.38	12,60,000	18.00	1.27
Total	595	100.00	70,00,000	100.00	3.33

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

Category	No. of Applications	No. of Equity Shards
Market Makers	Nil	Nil
Retail individual Investors	Nil	1,40,000
Other than Retail individual Investors	Nil	Nil
Total	14	1,40,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Markd Maker	1	100.00	1,20,000	1,20,000	100.00	1.00
Total	1	100.00	1,20,000	1,20,000	100.00	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After rounding oil)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual investors	548	94.48	9,90,000	16,10,000	54,80,000	81.31	5.54
Other than Retail Individual Investors	32	5.52	9,90,000	3,70,000	12,60,000	18.69	1.2:4
Total	580	100.00	19,80,000	19,80,000	67,40,000	100.00

ALLOCATION: The Basis of allotment was finalized with the Designated stock exchange - BSE Limited on july 07,2016.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Martat Maker, at the issue price of Rs.12 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 1,20,000 Equity shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs.12 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 5.54 times i.e. for 54,80,000 Equity Shares the total number of shares allotted in this category is 16,10,000 Equity Shares to 161 successful applicants.

The Category wise details of the basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% to Total	Proportionate Shares Available	Allocation per Applicant (Belore Rounding off)	Allocation per Applicant (After Rounding off)	Ratio of Allottees to Appli Cant: Ratio 1	Ratio of Allottees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding oft)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
10,000	548	100.00	54,80,000	100.00	16,10,000	2937.96	10,000	5	17	16!	16,10,000	0
TOTAL	548	100.00	54,80,000	100.00	16,10,000	2937 96	10,000			161	16,10,000	0

C. Allocation lo Other than Retail individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs.12 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.27 times i e. for 12,60,000 shares the total number of shares allotted in this category is 3,70,000 Equity Shares to 26 successful applicants.

The category wise details of the Basis of Allotment are as under;

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% to Total	Proportionate Shares Available	Allocation per Applicant (Belore Rounding off)	Allocation per Applicant (After Rounding off)	Ratio of Allottees to Appli Cant: Ratio 1	Ratio of Allottees to Appli Cant: Ratio 2	Number of Successful applicants (after rounding oft)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
20000	16	50.00	320,000	25.40	93968	5873.00	10,000	5	8	10	1,00,000	-6032
36000	4	12 50	120,000	9 52	35238	9809.50	10,000	1	1	4	40,000	-4762
40000	3	9.38	120,000	9.52	35238	11746.00	10,000	1	1	3	30,000	5238
50000	2	6.25	100,000	7.94	29365	14682.50	10,000	1	1	2	20,000	9365
60000	1	3.13	60,000	4.76	17619	17619.00	20,000	1	1	1	20,000	-2381
70000	1	3.13	70,000	5. 56	20556	20556.00	20,000	1	1	1	20,000	556
80000	3	9.38	240,000	19.05	70476	23492.00	20,000	1	1	3	60,000	10476
								1	3		10,000	-10000
100000	1	3.13	100,000	7.94	29,365	29365.00	30,000	1	1	1	30,000	-635
130000	1	3.13	130,000	10.32	38,175	38175.00	40,000	1	1	1	40,000	-1825
TOTAL	32	100.00	12,60,000	100.00	3,70,000					26	3,70,000	0

The Board or Directors of the Company at its meeting held on July 08, 2016 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transter of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 11 July, 2016. Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount have been processed on or prior to 08 July, 2016. In case the same is not received within 10 days, investors may contact at the address given 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 six working days from the date of 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 June 22,2016 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.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:

SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
Unit -1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Roadh Andheri (East), Mumbai - 400 072. Maharashtra, India,
Tel: +91-22- 2851 5606; Fax: +91-22-285102885
Email: shareindia@vsnl.com ; Investor Grievance Email: advance.ipo@sharexindia.in ; Website: www.sharexindia.com
Contact Person: Mr. K C Ajitkumar; SEBI Registration No. INR000002102

Place : Vadodara Date: 08.07.2016	For ADVANCE SYNTEX LIMITED On behalf of the Board of Directors sd/- Mr. Bhavan Dhirendra Vora Managing Director

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 THE ADVANCE SYNTEX LIMITED

Advance Syntex 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 Advance Syntex IPO .

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

Visit the Advance Syntex IPO allotment status page to check the number of shares allocated to your application.

In Advance Syntex 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 Advance Syntex IPO basis of allotment document to know how the shares are allocated in Advance Syntex IPO.

Advance Syntex IPO Basis of Allotment

Advance Syntex IPO Basis of Allotment FAQs

How shares are allotted in Advance Syntex IPO?

What is Advance Syntex IPO basis of allotment status?

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