Bonlon Industries IPO Basis of Allotment

Our Company was incorporated on January 21, 1997 as a private limited company under the provisions of Companies Act, 1956 with the Registrar of Companies, Jaipur in the name and style of Bonlon Steels Private Limited. Subsequently, the registered office of our Company was shifted from Jaipur to New Delhi i.e. from one state to another w.e.f. December 01, 1998 with due approval of the Company Law Board, Northern Region Bench vide order dated October 29, 1998. Later on, the name of our Company was changed from Bon Lon Steels Private Limited to Bonlon Industries Private Limited w.e.f. February 26, 2019. Further, the name of the company was again changed to Bonlon Industries Limited pursuant to its conversion into a public company vide shareholder's approval dated March 01, 2019 and fresh certificate of incorporation dated March 29, 2019 issued by Registrar of Companies, Delhi. The Corporate Identification Number of our Company is U27108DL1998PLC097397. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 137 of the Prospectus.

PUBLIC ISSUE OF 37,56,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF BONLON INDUSTRIES LIMITED ('BONLON' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 28/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs. 18/- PER EQUITY SHARE AGGREGATING Rs. 1051.68 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,88,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/-EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THEISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 35,68,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.48% AND 25.16% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTER IX OF THE SEBI (ICDR) REGULATIONS, 2018 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 258 OF THE PROSPECTUS.

The Equity Shares offered through the Prospectus are proposed to be fisted on the SME Platform of the BSE Limited ('BSE'). In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an in-principle approval letter dated January 20, 2020 from BSE for using its name in the offer document for listing of its shares on SME Platform of the BSE Limited.

For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced with effect from Monday, July 13, 2020.*

*Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicants participated in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process including through UPI mode (as applicable) 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 152 applications for 4852000 Equity Shares resulting in 1.29 times subscription (including reserved portion of Market Maker) before technical rejections but after bid not banked. After considering technical rejections cases, the Issues was subscribed 1.28 times i.e 145 applications for 4808000 Equity shares. 1 application for 4000 Equity shares were bided without banking.

Summary of Valid Applications received:

*Spill over of 1436000 equity shares from eligible Retail Investors Category to other than Retail Individual Investors category

As per Regulation 253, sub regulation (2) of SEBI (ICDR) Regulations, 2018, the allocation in the net issue to public category shall be made as follows:

For the purpose of Regulation 253(2), if the retail individual investor category is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on July 08, 2020.

A. Allocation to Market Maker (After Technical Rejections): The Baas of Allotment to the Market Maker, at the issue price of Rs. 28/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 188000 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. 28/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.195 times. The total number of shares allotted in this category is 848000 Equity Shares to 87 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (Alter Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 28/- per Equity Share was finalized in consultation with BSE. The category was subscribed 1.326 times. The total number of shares allotted in this category is 3220000 Equity Shares to 57 successful applicants.

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 08, 2020 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 and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before July 10, 2020. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to July 09, 2020. In case the same is not received within prescribed time, investors may contact Registrar 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 stops to get the Equity Shares admitted for trading on SME Platform of BSE Limited within six 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 June 24, 2020 ('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
	Bharat Tin Works Building, 1st Floor, Opp. Vasant Oasis,
	Makwana Road, Marol, Andneri (East), Mumbai - 400059, Maharashtra
	Tel: (022) 22 62638200; Fax: (022) 62638299
	E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
	Contact Person: Mr. Arvind Tandel
	SEBI Registration No.: INR000001385