Airan IPO Basis of Allotment

AIRAN LIMITED

CIN; U74I40GJ1995PLC025519

Our Company was originally incorporated as 'Airan Consultants Private Limited' on April 19,1995 under the provisions of Companies Act, 1956 with a certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. Lateron the name of our company was changed to 'Airan Private Limited' on January 4, 2017 with certificate of Incorporation pursuant to change of name issued by Registrar of Companies. Ahmedabad. Consequent up on the conversion of our Company into public Limited company, the name of our Company was changed to 'Airan Limited' and fresh crtificate of  incorporation dated January 18, 2017 was issued by the Registrar of Companies, Ahmedabad.

Registered office: 408, Kirtiman Complex. B/h Rembrandt. C.G Road. Ahmedabad - 380006, Gujarat. Website; www.airanlimited.in
Company Secretary and Compaliance Officer: Ms. Stuti Kinariwala;, Tel No.:-+91-79-2646 2233: Fax No: -+91-79 - 2646 2233; E-Mail; shares@airanlimited.in

PROMOTERS OF THE COMPANY:

BODY CORPORATE: airar Network Private Limited: INDIVIDUALS:Mr. Sandeepkumar Agrawal & Mrs. Poonam Agrawal

BASIS OF ALLOTMENT

AIRAN LIMITED - SME IPO

PUBLIC ISSUE OF 33,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF AIRAN LIMITED ('AIRAN' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 45 PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF RS 35 PER EQUITY SHARE (THE ISSUE PRICE') AGGREGATING TO RS 1485.00 LACS ('THE ISSUE'), OF WHICH 1,68,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 45 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 35 PER EQUITY SHARE AGGREGATING TO RS 75.60 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i e. NET ISSUE OF 31,32,000 EQUITY' SHARES OF FACE VALUE OF RS 10 EACH AT A PRICE OF RS 45 PER EQUITY SHARE AGGREGATING TO RS 1409.40 LACS IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.40% AND 25.05%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY' SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated March 7, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein (a) minimum of 50 %  of the Net offer to Public shall be initially 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 i) individual applicants other than retail investor and ii) other investors including corporate bodies / institutions irrespective of no, of shares applied for. Under subscription, in either of the categories specified in clause (a) or (b) may be allocated to applicant in the other category
Explanation: For the purpose of Regulation 43 (4) of SEI (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 45/- EACH INCLUDING A SHARE  PREMIUM OF RS 35 PER EQUITY SHARE. THE ISSUE PRICE IS TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 14, 2017 (TUESDAY) AND CLOSED ON MARCH 16.2017 (THURSDAY).

The Equity Shares offered, through the Prospectus are proposed to be listed on Emerge Plarform of National Stock Exchange of Indain Limited ('NSE Emerge'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received In-Principle approval letter dated March 3, 2017 from National Stock Exchange of India Limited ('NSE') for using its name in the offer document for listing our shares On the Emerge Platform of National Stock Exchange of the India Limited.For the purpose of this Issue the designated Stock Exchange will  be the NSE.

SUBSCRIPTION DETAILS

Details of Application*:
The Issue has received 19,375 applications (before Technical Rejections) for 9.18,48,000 Equity Shares (Including Market Maker Application of  l,68,000 Equity Shares) resulting 27.83 times subscription. The details of the applications received in the Issue (before technical rejections) are as fallows:
Details af the vaalid Applications Received (before Technical Rejections $ Withdrawal of Application):

Total 294 applications received (291 in Retail Individual Investor Category and 3 in Category other than Retail Investors) was rejected on technical grounds. Further, there was no withdrawal of application in any of the category.
ALLOCATION; The Basis of Allotment was finalized in consultation with thc Designated Stock Exchange - National Stock Exchange of India Limited on March 21, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal); The Basis of Allotment to the Market Maker, at the issue price of Rs  45/- 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 1,68.000 Equity shares in full, out of reserved portion of 1,68,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections &. Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 28.97 times. Total number of shares allotted in this category is 19.59,000 Equity Share as under;