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February 25, 2015 - March 5, 2015

Akme Star Housing Finance IPO Basis of Allotment

AKME STAR HOUSING FINANCE LIMITED

Corporate Identification Number: U45201RJ2005PLC020463

Our Company was incorporated as Akme Buildhome Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 17, 2005, in Jaipur. Subsequently, the name of our Company was changed to 'Akme Star Housing Finance Private Limited' vide fresh certificate of incorporation dated October 23,2009. Further, our Company was converted into public limited company vide fresh certificate of incorporation dated November 13,2009.The Corporate Identification Number of Our Company is U45201RJ2005PLC020463. For details of change in registered office of our Company please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 115 of this Draft Prospectus.

Registered Office: Akme Business Centre (ABC), 4-5 Subcity Centre, Savina Circle, Opp. Krishi Upaz Mandi, Udaipur-313002, Rajasthan Tel No: (0294) 2489501/02; Fax No: (0294) 2489501; E-mail: akmestarhousing@yahoo.com; Website: www.akmestarhousing.com
Company Secretary and Compliance Officer: Mr. Ashish Jain, Chief Financial Officer
Promoters of our Company: Mr. Mohan Lal Nagda. Mr. Nirmal Kumar Jain, Mr. Kalu Lal Jain, Mr. Anil Kumar Jain and Mrs. Abhilasha Jain

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 16,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH FULLY PAID UP OF AKME STAR HOUSING FINANCE LIMITED ('AKME' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs 30 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs 20 PER EQUITY SHARE AGGREGATING Rs 480.00 LAKHS (THE 'ISSUE') BY OUR COMPANY. OF WHICH 80.000 EQUITY SHARES OF Rs 10 FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15.20.000 EQUITY SHARES OF Rs 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.96 % AND 25.61 %. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS. 2009 (AS AMENDED FROM TIME TO TIME).

For further details please refer to 'Section 5 - Issue Information' beginning on Page 199 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS Rs 10 EACH. THE ISSUE PRICE IS Rs 30 THE ISSUE PRICE IS 3.00 TIMES OF THE FACE VALUE ISSUE OPENED ON WEDNESDAY FEBRUARY 25.2015 AND CLOSED ON THURSDAY. MARCH 05.2015 PROPOSED LISTING: FRIDAY. MARCH 20.2015*

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Plattorm of BSE Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulatons, 2009, as amended from time to time, 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 approval letter dated December 05, 2014 from BSE for using its name in the Prospectus for listing of our Equity Shares on the SME Platform of bSe. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from Friday March 20.2015*.
*Subject to receipt of listing and trading approvals from the BSE Limited.
All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 417 applications for 27.56.000 Equity Shares resulting in 1.71 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:
Detail of the Applications Received (Before Technical Rejection and after cheque returns)

Category

No.of Applications % No. of Equity Shares % Subscription(Times)
Non Retail Investor's 159 38.13 16,48,000 59.80 2.168
Retail Individual Investor's 257 61.63 10,28,000 37.30 1.353
Market Makers 1 0.24 80,000 2.90 1.00
Total 417 100.00 27.56.000 100.00 1.71

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

Technicalrejection

Category

No.of Applications No. of Equity Shares
Non Retail Investor's NIL 0
Retail Individual Investor's 5 20,000
Market Makers NIL 0
Total 5 20.000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

Detail of Applications Received (After Technical Rejection and withdrawal)

Category

No.of Applications % Issue Size (as per prospectus) No. of Equity Shares Subscription(Times)
Market Makers 1 0.24 80,000 80,000 1.00
Non Retail Investor's 159 38.60 7,60,000 16,48,000 2.168
Retail Individual Investor's 252 61.16 7,60,000 10,08,000 1.326
Total 412 100.00 16.00.000 27.36.000 1.71

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 13, 2015
A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of   Rs 30 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 80,000 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 30 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.326 times. The total number of shares allotted in this category is 7,60,000 Equity Shares to 190 successful applicants.
The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
Wise)

No. of
Application
Received
%to
Total
Total No.
of Shares
Appliedin
ThisCategory
%to
Total
Proportionate
Shares
Available
Allocation
PerApplicant
(before
rounding off)
Allocation Per
Applicant(after
roundingoff)
Ratio of
Alloteesto
Applicants
Number of
successful
applicants(after
roundingoff)
Total
No.
of Shares
Allotted
Surpluss/
Defecit
4,000 252 100.00 10,08,000 100.00 7,60,000 3015.87 4000 49:65 190 7,60,000 0

C) Allocation to Other than Retail Individual Investors(After Technical Rejections): TheBasisof Allotment to the Other than Retail Individual Investors i.e. Non Institutional Investors, at the issue price of  Rs 30 per Equity Share, was finalised in consultation with BSE. The category was subscribed 2.168 times. The total number of shares allotted in this category is 7,60,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
Wise)

No. of
Application
Received
%to
Total
Total No.
of Shares
Appliedin
This Category
%to
Total
Proportionate
Shares
Available
Allocation
Per Applicant
(before
rounding off)
Allocation Per
Applicant (after
roundingoff)
Ratio of
Alloteesto
Applicants
Number of
successful
applicants (after
rounding off)
Total
No.
of Shares
Allotted
Surpluss/
Defecit
8,000 117 73.58 9,36,000 56.80 4,31,650 3689.32 4,000 67:70 112 4,48,000 16,350
12,000 12 7.55 1,44,000 8.74 66,408 5533.98 4,000 1:1 12 48,000 -18408
16,000 19 11.95 3,04,000 18.45 1,40,194 7378.65 8,000 1:1 19 1,52,000 11806
20,000 9 5.66 1,80,000 10.92 83,010 9223.30 8,000 1:1 9 72,000 -11010
32,000 1 0.63 32,000 1.94 14,757 14757.28 16,000 1:1 1 16,000 1243
52,000 1 0.63 52,000 3.16 23,981 23980.58 24,000 1:1 1 24,000 19
Total 159 100.00 16.48.000 100.00 7.60.000 154 7.60.000

The Board of Directors of the Company at its meeting held on March 13, 2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice anddor notices are being dispatched to the address of the Applicants as registered with the depositories on or before March 17, 2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 19, 2015. 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 toget the Equity Shares admitted for trading on the SME Platform of  BSE Limited within twelve working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated February 06, 2015 ('Prospectus').
INVESTORS PLEASE NOTE
The details of the 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 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:

BIGSHARE SERVICES PRIVATE LIMITED

E2 Ansa Industrial Estate,Sakivihar Road,Sakinaka,Andheri East,Mumbai-400072
Tel: (022)40430200; Fax: (022)28475207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Regn. Number: INR000001385

Place: Udaipur
Date: March 14.2015
For AKME STAR HOUSING FINANCE LIMITED
On behalf of Board of Directors
Sd/-
Managing Director

Akme Star Housing Finance 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 Akme Star Housing Finance IPO .

The Akme Star Housing Finance IPO basis of allotment (published above) tells you how shares are allocated to you in Akme Star Housing Finance IPO and category wise demand of IPO share.

Visit the Akme Star Housing Finance IPO allotment status page to check the number of shares allocated to your application.

In Akme Star Housing Finance 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 Akme Star Housing Finance IPO basis of allotment document to know how the shares are allocated in Akme Star Housing Finance IPO.