October 27, 2016 - November 7, 2016

Agro Phos India IPO Basis of Allotment

AGRO PHOS INDIA LIMITED

Our Company was originally formed and registered as a partnership firm under the Partnership Act in the name and style of 'Agra Phos (India)', pursuant to a deed of partnership dated February 10, 2001. Agra Phos (India) was thereafter converted from a partnership firm to a private limited company under Part DC of the Companies Act, 1956 with the name of 'Agro Phos (India) Private Limited' and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on September 19,2002 bearing registration no. 015285. Subsequently our Company was converted into a public limited company vide pursuant to special resolution dated February 28,2004 and fresh Certificate of Incorporation dated March 01,2004 and the name of our Company was changed to 'Agro Phos India Limited'. The Corporate Identity Number of our Company is U24123MP2002PLC015285. The partners of M/s Agro Phos (India) were initial subscribers to Memorandum of Association of our Company. For details of Incorporation, change of name and registered office of our Company, please refer to chapters titled 'General Information', 'Our History and Certain Other Corporate Matters' beginning on page 64 and 223 of the Prospectus.

Registered Office: M-87, Trade Centre 18M, South Tukoganj, Indore- 452001 Madhya Pradesh, India
Tel No.: 0731- 2529490; Fax No.: 0731-2529490; E-mail: investors@agrophos.com; Website: www.agrophos.com
Corporate Identity Number: U24123MP2002PLC015285; Contact Person: Neetu Dubey, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: RAJ KUMAR GUPTA AND VISHNU KANT GUPTA

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 58,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS.22/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 12/- PER EQUITY SHARE) (THE 'ISSUE PRICE') AGGREGATING UP TO RS. 1293.60 LAKHS (THE 'ISSUE'), OF WHICH 3,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 68.64 LAKHS WILL BE 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 55,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 22/- PER EQUITY SHARE, AGGREGATING RS. 1224.96 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.00% AND 27.46% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. Average cost of acquisition per Equity Share by our Promoters viz. Raj Kumar Gupta is Rs.2.78 .Vishnu Kant Gupta is Rs.4.23 and the Issue Price at the upper end of the Price Band is significantly higher at Rs. 22 per Equity Share.

In terms of Prospectus dated November 09,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
(c) 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. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Issue Procedure' on page 356 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE OF RS. 22/- EACH IS 2.2 TIMES THE FACE VALUE OF THE EQUITY SHARES
BID/ISSUE OPENED ON: THURSDAY, OCTOBER 27, 2016 AND CLOSED ON: MONDAY, NOVEMBER 07, 2016.

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of the National Stock Exchange of India Limited ('NSE') ('NSE EMERGE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. However, the Company has received an approval letter dated October 17,2016 from National Stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on NSE EMERGE. The designated stock exchange is NSE EMERGE.

SUBSCRIPTION DETAILS

The Issue has received 9,705 applications for 10,27,92,000 Equity shares (Before Technical Rejections, Multiple Rejections bids not banked and invalid duplicate bids) including Market Maker Application of 3,12,000 Equity Shares. The issue was subscribed to the extent of 17.48 times as per the application data (before technical rejection). After considering the technical rejections cases, the issue was subscribed 17.22 times. The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	3,12,000	1.00
Other than Retail Individual Investor's	287	4,55,28,000	16.35
Retail Individual Investor's	9,366	5,61,96,000	20.19
TOTAL	9,654	10,20,36,000	17.35

Final Demand

SR.No.	BID PRICE	No. OF EQUITY SHARES BID FOR	% TO TOTAL	CUMULATIVE TOTAL	% OF CUMULATIVE TOTAL
1	19.00	24,000	0.02	24,000	0.02
2	22.00	8,16,90,000	79.48	8,17,14,000	79.50
3	Cut off	2,10,72,000	20.50	10,27,86,000	100.00
	Total	10.27.86.000	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Ltd on November 10,2016. ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Ltd on November 10,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 22/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,12,000 Equity shares in full out of reserved portion of 3,12,000 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. 22/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.10 times. Total number of shares allotted in this category is 30,66,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
6,000	9,250	100	5,55,00,000	100	30,66,000	331.46	6,000	511:9250	30,66,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs. 22/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 18.16 times. Total number of shares allotted in this category is 25,02,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
12,000	42	14.79	5,04,000	1.11	27,760	660.94	6,000	5:42	30,000	2,240
18,000	19	6.69	3,42,000	0.75	18,837	991.41	6,000	3:19	18,000	-837
24,000	14	4.93	3,36,000	0.74	18,506	1,321.89	6,000	3:14	18,000	-506
30,000	15	5.28	4,50,000	0.99	24,785	1,652.36	6,000	4:15	24,000	-785
36,000	11	3.87	3,96,000	0.87	21,811	1,982.83	6,000	4:11	24,000	2,189
42,000	14	4.93	5,88,000	1.29	32,386	2,313.30	6,000	3:7	36,000	3,614
48,000	8	2.82	3,84,000	0.85	21,150	2,643.77	6,000	1:2	24,000	2,850
54,000	4	1.41	2,16,000	0.48	11,897	2,974.24	6,000	1:2	12,000	103
60,000	14	4.93	8,40,000	1.85	46,266	3,304.72	6,000	4:7	48,000	1,734
66,000	4	1.41	2,64,000	0.58	14,541	3,635.19	6,000	3:4	18,000	3,459
72,000	11	3.87	7,92,000	1.74	43,622	3,965.66	6,000	8:11	48,000	4,378
78,000	3	1.06	2,34,000	0.52	12,888	4,296.13	6,000	1:1	18,000	5,112
84,000	4	1.41	3,36,000	0.74	18,506	4,626.60	6,000	3:4	18,000	-506
90,000	12	4.23	10,80,000	2.38	59,485	4,957.07	6,000	5:6	60,000	515
1,02,000	4	1.41	4,08,000	0.90	22,472	5,618.02	6,000	1:1	24,000	1,528
1,08,000	4	1.41	4,32,000	0.95	23,794	5,948.49	6,000	1:1	24,000	206
1,14,000	14	4.93	15,96,000	3.51	87,905	6,278.96	6,000	1:1	84,000	-3,905
1,20,000	3	1.06	3,60,000	0.79	19,828	6,609.43	6,000	1:1	18,000	-1,828
1,26,000	6	2.11	7,56,000	1.66	41,639	6,939.90	6,000	1:1	36,000	-5,639
1,32,000	3	1.06	3,96,000	0.87	21,811	7,270.37	6,000	1:1	18,000	-3,811
1,38,000	4	1.41	5,52,000	1.22	30,403	7,600.85	6,000	1:1	24,000	-6,403
1,44,000	4	1.41	5,76,000	1.27	31,725	7,931.32	6,000	1:1	24,000	-7,725
1,50,000	2	0.70	3,00,000	0.66	16,524	8,261.79	6,000	1:1	12,000	-4,524
1,50,000							6,000	1:2	6,000	6,000
1,62,000	2	0.70	3,24,000	0.71	17,845	8,922.73	12,000	1:1	24,000	6,155
1,68,000	1	0.35	1,68,000	0.37	9,253	9,253.20	12,000	1:1	12,000	2,747
1,80,000	6	2.11	10,80,000	2.38	59,485	9,914.15	12,000	5:6	60,000	515
1,86,000	1	0.35	1,86,000	0.41	10,245	10,244.62	12,000	1:1	12,000	1,755
1,92,000	2	0.70	3,84,000	0.85	21,150	10,575.09	12,000	1:1	24,000	2,850
1,98,000	2	0.70	3,96,000	0.87	21,811	10,905.56	12,000	1:1	24,000	2,189
2,04,000	2	0.70	4,08,000	0.90	22,472	11,236.03	12,000	1:1	24,000	1,528
2,10,000	3	1.06	6,30,000	1.39	34,700	11,566.50	12,000	1:1	36,000	1,300
2,16,000	1	0.35	2,16,000	0.48	11,897	11,896.98	12,000	1:1	12,000	103
2,22,000	3	1.06	6,66,000	1.47	36,682	12,227.45	12,000	1:1	36,000	-682
2,28,000	5	1.76	11,40,000	2.51	62,790	12,557.92	12,000	1:1	60,000	-2,790
2,40,000	4	1.41	9,60,000	2.11	52,875	13,218.86	12,000	1:1	48,000	-4,875
2,52,000	1	0.35	2,52,000	0.55	13,880	13,879.80	12,000	1:1	12,000	-1,880
2,58,000	1	0.35	2,58,000	0.57	14,210	14,210.28	12,000	1:1	12,000	-2,210
2,70,000	1	0.35	2,70,000	0.59	14,871	14,871.22	12,000	1:1	12,000	-2,871
2,94,000	2	0.70	5,88,000	1.29	32,386	16,193.11	18,000	1:1	36,000	3,614
3,00,000	2	0.70	6,00,000	1.32	33,047	16,523.58	18,000	1:1	36,000	2,953
3,18,000	2	0.70	6,36,000	1.40	35,030	17,514.99	18,000	1:1	36,000	970
3,60,000	1	0.35	3,60,000	0.79	19,828	19,828.29	18,000	1:1	18,000	-1,828
4,38,000	1	0.35	4,38,000	0.96	24,124	24,124.42	24,000	1:1	24,000	-124
4,50,000	5	1.76	22,50,000	4.95	1,23,927	24,785.37	24,000	1:1	1,20,000	-3,927
4,56,000	1	0.35	4,56,000	1.00	25,116	25,115.84	24,000	1:1	24,000	-1,116
4,92,000	1	0.35	4,92,000	1.08	27,099	27,098.67	30,000	1:1	30,000	2,901
5,40,000	1	0.35	5,40,000	1.19	29,742	29,742.44	30,000	1:1	30,000	258
5,46,000	1	0.35	5,46,000	1.20	30,073	30,072.91	30,000	1:1	30,000	-73
5,70,000	1	0.35	5,70,000	1.25	31,395	31,394.80	30,000	1:1	30,000	-1,395
6,60,000	1	0.35	6,60,000	1.45	36,352	36,351.87	36,000	1:1	36,000	-352
7,32,000	2	0.70	14,64,000	3.22	80,635	40,317.53	42,000	1:1	84,000	3,365
7,80,000	1	0.35	7,80,000	1.72	42,961	42,961.30	42,000	1:1	42,000	-961
8,16,000	1	0.35	8,16,000	1.80	44,944	44,944.13	42,000	1:1	42,000	-2,944
9,06,000	2	0.70	18,12,000	3.99	99,802	49,901.20	48,000	1:1	96,000	-3,802
9,12,000	1	0.35	9,12,000	2.01	50,232	50,231.67	48,000	1:1	48,000	-2,232
9,36,000	1	0.35	9,36,000	2.06	51,554	51,553.56	54,000	1:1	54,000	2,446
10,98,000	1	0.35	10,98,000	2.42	60,476	60,476.29	60,000	1:1	60,000	-476
45,42,000	1	0.35	45,42,000	10.00	2,50,167	2,50,166.95	2,52,000	1:1	2,52,000	1,833
54,54,000	1	0.35	54,54,000	12.01	3,00,403	3,00,398.63	3,00,000	1:1	3,00,000	-403
Total	284	100.00	4,54,26,000	100	25,02,000				25,02,000	0

The Board of Directors of the Company at its meeting held on November 10,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before November 15,2016. Further, the instructions to SCSBs has been issued on November 11,2016 for unblocking of funds. 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 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 the EMERGE Platform of NSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before November 16,2016 subject to receipt of listing and trading approvals from NSE.
INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai - 400 072.
Tel: +91 22 40430200; Fax: +91 22 28475207; Email: ipo@bigshareonline.com
Website: www.bigshareonline.com; Investor Grievance Id: investor@bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No: INR000001385

Date: November 14,2016 Place: Indore, Madhya Pradesh	For AGRO PHOS INDIA LIMITED On behalf of the Board of Directors Sd/- Raj Kumar Gupta Chairman & 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 AGRO PHOS INDIA LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

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