Ambani Organics IPO Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT.
NOT FOR DISTRIBUTION OUTSIDE INDIA.)

AMBANI ORGANICS LIMITED
CIN: U24220MH1985PLC036774

Our Company was incorporated as 'Speciality Coatings Private Limited 'on July 08,1985, under the Companies Act, 1956 with the Registrar of Companies, Mumbai at Maharashtra bearing Registration No. 36774. The name of the Company was changed to 'Ambani Organics Private Limited' vide a special resolution passed on July 08, 1987. A fresh certificate of Incorporation subsequent to the name change was Issued on December 08,1987, by the Registrar of Companies, Mumbai at Maharashtra. The status of our Company was changed to a public limited company and the name of our Company was changed to 'Ambani Organics Limited' by a special resolution passed on December 30, 2017. A fresh certificate of Incorporation consequent to the conversion of was granted to our Company on March 07, 2018, by the Registrar of Companies, Mumbai at Maharashtra.

Registered Office: N-44 MIDC, Tarapur Boisar, Thane- 401 506, Maharashtra
Corporate Office: 801, 8th Floor, 351 ICON, Next to Nataraj Rustomjee, Western Express Highway, Andheri (East), Mumbal - 400 069, Maharashtra.
Contact Person: Ms. Honey Magia, Company Secretary and Compliance Officer.
Tel No.: +91 - 22 - 2683 3778; Fax No.: +91 - 22 - 2683 3778; Email: lnfo@ambaniorganics.com; Website: www.ambaniorganics.com
Promoters of the Company: Mr. Rakesh Shah and Mrs. Apooni Shah

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 13,68,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF AMBANI ORGANICS LIMITED ('AOL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 60.00 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 902.88 LAKHS (THE ISSUE') CONSISTING OF FRESH ISSUE OF 12,68,000 EQUITY SHARES AGGREGATING TO RS 836.88 LAKHS AND AN OFFER FOR SALE OF 1,00,000 EQUITY SHARES BY THE PROMOTER SELLING SHAREHOLDER AGGREGATING TO RS 60.00 LAKHS ('OFFER FOR SALE'), OF WHICH 72,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 12,96,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.94% AND 25.52%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS 10 AND THE ISSUE PRICE IS 6.60 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: JULY 06,2018 & ISSUE CLOSED ON: JULY 10, 2018

The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE'). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated June 20,2018. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on July 18,2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited). The Issue Is being made through the Fixed Price process, the allocation In the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall Initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, Including Corporate Bodies/ Institutions Irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, If any, In any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such interse spill over, If any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate In the Issue only 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 Net Issue has received 377 applications for 17,50,000 Equity Shares resulting In 1.35 times subscription. The details of the applications received In the Net Issue (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

Note: The Issue also includes 72,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 4,46,000 Equity Shares in Non - Retail Category & under subscription 52,000 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on July 13,2018.
A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 66 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 72,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 66 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 5,96,000 Equity Shares. The category was subscribed by 0.92 times. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 66 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,00,000 Equity Shares (including un-subscribed portion of 52,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.64 times. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 14,2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.
The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before July 17,2018 for unblocking of funds. The Equity Shares allotted 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 National Stock Exchange of India Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on July 18,2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 27,2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Universal Capital Securities Private Limited at Website: www.unisec.in All future correspondence in this regard may kindly be addressed to the Registrarto the Issue 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 given below:

UNIVERSAL CAPITAL SECURITIES PRIVATE LIMITED
21,25,33, Shakil Niwas, Opposite Satya Sai Baba Mandir,
Mahakali Caves Road, Seepz, Andheri (East),
Mumbai- 400093, Maharashtra,
Tel.+91-22-28207203/04/05,
Fax:+91-22-28207207
Email: info@unisec.in; Website: www.unisec.in
Contact Person: Mr. Ravindra Utekar;
SEBI Registration No.: INR000004082

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF AMBANI ORGANICS LIMITED.