September 25, 2017 - September 27, 2017

Airo Lam IPO Basis of Allotment

AIRO LAM LIMITED

Our Company was originally incorporated as Airo Lam Limited at Ahmedabad, Gujarat as a Public Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated October 22, 2007 bearing Corporate Identification Number U20211GJ2007PLC052019 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Our Company also obtained Certificate of Commencement of Business by the Registrar of Companies on November 06, 2007. The Corporate Identification Number of our Company is U20211GJ2007PLC052019. For details of Business, Incorporation and other details of our company, please refer to chapter titled 'Our Business' and 'Our History and Certain Other Corporate Matters' beginning on page 116 and 137 of the Prospectus.

Registered Office: Survey No. 355, Nananpur Road, N.H. No. 8, Village-Dalpur, Taluka-Prantij, Gujarat- 383120, India
Tel No.: +91 2770-240573; Fax No.: Not Available E-mail: info@airolam.com; Website: www.airolam.com;
Corporate Identification Number: U20211GJ2007PLC052019; Contact Person: Ruchi Shah, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: PRAVINBHAI N. PATEL, SURESHBHAI PATEL,
PRAVINBHAI A. PATEL, PRAFULKUMAR PATEL, DAXESH RAVAL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE 40,02,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 28/- PER EQUITY SHARE) AGGREGATING UP TO RS. 1520.76 LAKHS (THE 'ISSUE'), OF WHICH 2,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE, AGGREGATING RS. 79.80 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 37,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 38/- PER EQUITY SHARE, AGGREGATING RS. 1440.96.LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.28% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Pravinbhai N. Patel is Rs. 4.18, Sureshbhai Patel is Rs. 8.05, Pravinbhai A. Patel is Rs. 2.20, Prafulkumar Patel is Rs. 5.01 and Daxesh Raval is Rs.5.22
In terms of Prospectus dated September 20, 2017 and as per 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 offerto 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 250 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 38/-AND IS 3.8 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: MONDAY, SEPTEMBER 25, 2017 AND CLOSED ON: WEDNESDAY, SEPTEMBER 27, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India 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 an approval letter dated September 8, 2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 5,634 applications for 12,40,14,000 Equity shares (Before Technical Rejections, bids not banked, invalid multiple bids and invalid duplicate bids) including Market Maker Application of 2,10,000 Equity Shares. The issue was subscribed to the extent of 30.98 times as per the application data (before technical rejection, before bids not banked but after invalid multiple bids/duplicate bids). After considering the technical rejections(including bids not banked) the issue was subscribed 30.53 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 Maker	1	2,10,000	1.00
Other than Retail Individual Investors	167	10,61,82,000	56.00
Retail Individual Investors	5,359	1,60,77,000	8.45
TOTAL	5,527	12,24,69,000	30.60

Final Demand

Sr.No.	Bid Price	No. of Equity Shares Bid	% to total	Cumulative total	% of Cumulative total
1.	36.00	12,000	0.01	12,000	0.01
2.	37.00	6,000	0.00	18,000	0.01
3.	38.00	11,82,66,000	95.39	11,82,84,000	95.40
	CUT-OFF	57,00,000	4.60	12,39,84,000	100.00
	Total	12,39,84,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on 0ctober3, 2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 38/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,10,000 Equity shares in full out of reserved portion of 2,10,000 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. 38/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 8.33 times. Total number of shares allotted in this category is 18,96,000 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)
3,000	5,267	100	1,58,01,000	100	18,96,000	359.98	3,000	3:25	18,96,000	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 38/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 55.99 times. Total number of shares allotted in this category is 18,96,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No.	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 Oft)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
1.	6,000	23	13.86	1,38,000	0.13	2,466	107.17	3,000.00	1:23	3,000	534
2.	9,000	9	5.42	81,000	0.08	1,448	160.78	3,000.00	1:9	3,000	1,552
3.	12,000	15	9.04	1,80,000	0.17	3,216	214.33	3,000.00	1:15	3,000	-216
4.	15,000	9	5.42	1,35,000	0.13	2,411	267.89	3,000.00	1:9	3,000	589
5.	18,000	7	4.22	1,26,000	0.12	2,250	321.43	3,000.00	1:7	3,000	750
6.	21,000	4	2.41	84,000	0.08	1,500	375.00	3,000.00	1:4	3,000	1,500
7.	24,000	3	1.81	72,000	0.07	1,286	428.67	3,000.00	1:3	3,000	1,714
8.	27,000	6	3.61	1,62,000	0.15	2,893	482.17	3,000.00	1:6	3,000	107
9.	30,000	8	4.82	2,40,000	0.23	4,287	535.88	3,000.00	1:8	3,000	-1,287
10.	36,000	2	1.20	72,000	0.07	1,286	643.00	3,000.00	1:2	3,000	1,714
11.	39,000	1	0.60	39,000	0.04	697	697.00	3,000.00	1:1	3,000	2,303
12.	45,000	2	1.20	90,000	0.08	1,607	803.50	3,000.00	1:2	3,000	1,393
13.	48,000	1	0.60	48,000	0.05	857	857.00	3,000.00	1:1	3,000	2,143
14.	51,000	2	1.20	1,02,000	0.10	1,822	911.00	3,000.00	1:2	3,000	1,178
15.	54,000	1	0.60	54,000	0.05	964	964.00	3,000.00	1:1	3,000	2,036
16.	57,000	2	1.20	1,14,000	0.11	2,036	1,018.00	3,000.00	1:2	3,000	964
17.	60,000	2	1.20	1,20,000	0.11	2,143	1,071.50	3,000.00	1:2	3,000	857
18.	63,000	1	0.60	63,000	0.06	1,125	1,125.00	3,000.00	1:1	3,000	1,875
19.	66,000	3	1.81	1,98,000	0.19	3,536	1,178.67	3,000.00	1:3	3,000	-536
20.	81,000	1	0.60	81,000	0.08	1,447	1,447.00	3,000.00	1:1	3,000	1,553
21.	84,000	1	0.60	84,000	0.08	1,500	1,500.00	3,000.00	1:1	3,000	1,500
22.	93,000	1	0.60	93,000	0.09	1,661	1,661.00	3,000.00	1:1	3,000	1,339
23.	1,05,000	2	1.20	2,10,000	0.20	3,751	1,875.50	3,000.00	1:2	3,000	-751
24.	1,26,000	2	1.20	2,52,000	0.24	4,501	2,250.50	3,000.00	1:1	6,000	1,499
25.	1,29,000	1	0.60	1,29,000	0.12	2,304	2,304.00	3,000.00	1:1	3,000	696
26.	1,32,000	2	1.20	2,64,000	0.25	4,715	2,357.50	3,000.00	1:1	6,000	1,285
27.	1,50,000	2	1.20	3,00,000	0.28	5,358	2,679.00	3,000.00	1:1	6,000	642
28.	1,53,000	1	0.60	1,53,000	0.14	2,733	2,733.00	3,000.00	1:1	3,000	267
29.	1,95,000	1	0.60	1,95,000	0.18	3,483	3,483.00	3,000.00	1:1	3,000	-483
30.	2,40,000	2	1.20	4,80,000	0.45	8,573	4,286.50	3,000.00	1:1	6,000	-2,573
31.	2,46,000	1	0.60	2,46,000	0.23	4,394	4,394.00	3,000.00	1:1	3,000	-1,394
32.	2,64,000	2	1.20	5,28,000	0.50	9,430	4,715.00	3,000.00	1:1	6,000	-3,430
		3000 additional share is allotted for Serial no. 32 in, the ratio of 1:2						3,000.00	1:2	3,000	3,000
33.	2,67,000	1	0.60	2,67,000	0.25	4,769	4,769.00	6,000.00	1:1	6,000	1,231
34.	2,70,000	2	1.20	5,40,000	0.51	9,645	4,822.50	3,000.00	1:1	6,000	-3,645
		3000 additional share is allotted for Serial no. 34 in, the ratio of 1:2						3,000.00	1:2	3,000	3,000
35.	2,97,000	1	0.60	2,97,000	0.28	5,305	5,305.00	6,000.00	1:1	6,000	695
36.	3,00,000	1	0.60	3,00,000	0.28	5,358	5,358.00	6,000.00	1:1	6,000	642
37.	3,03,000	1	0.60	3,03,000	0.29	5,412	5,412.00	6,000.00	1:1	6,000	588
38.	3,93,000	6	3.61	23,58,000	2.22	42,115	7,019.17	6,000.00	1:1	36,000	-6,115
39.	4,50,000	1	0.60	4,50,000	0.42	8,037	8,037.00	9,000.00	1:1	9,000	963
40.	5,25,000	8	4.82	42,00,000	3.96	75,015	9,376.88	9,000.00	1:1	72,000	-3,015
41.	21,03,000	1	0.60	21,03,000	1.98	37,561	37,561.00	36,000.00	1:1	36,000	-1,561
42.	36,84,000	2	1.20	73,68,000	6.94	1,31,597	65,798.50	66,000.00	1:1	1,32,000	403
43.	37,50,000	14	8.43	5,25,00,000	49.46	9,37,685	66,977.50	66,000.00	1:1	9,24,000	-13,685
44.	37,92,000	8	4.82	3,03,36,000	28.58	5,41,821	67,727.63	66,000.00	1:1	5,28,000	-13,821
		3000 additional share is allotted for Serial no. 44 in, the ratio of 1:2						3,000.00	1:2	12,000	12,000

The Board of Directors of the Company at its meeting held on October 4, 2017 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 October 6, 2017. Further, the instructions to SCSBs shall be issued on October 4, 2017 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 the National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 6, 2017 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.linkintime.co.in. 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India.
Tel: +91 22 49186200; Fax: +91 22 49186195
Email: airolam.ipo@linkintime.co.in; Website: www.linkintime.co.in
Investor Grievance Id: airolam.ipo@linkintime.co.in
Contact Parson: Shanti Goplakrishnan; SEBI Registration No: INR000004058

Date: October 4, 2017 Place: Himmatnagar, Gujarat	For AIRO LAM LIMITED On behalf of the Board of Directors Sd/- Pravinbhai N. Patel Managing Director

Airo Lam 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 Airo Lam IPO .

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

Visit the Airo Lam IPO allotment status page to check the number of shares allocated to your application.

In Airo Lam 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 Airo Lam IPO basis of allotment document to know how the shares are allocated in Airo Lam IPO.

Airo Lam IPO Basis of Allotment

Airo Lam IPO Basis of Allotment FAQs

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