January 15, 2014 - January 17, 2014

Chemtech Industrial Valves IPO Basis of Allotment

CHEMTECH INDUSTRIAL VALVES LIMITED

Our Company was incorporated as 'Chemtech Industrial Valves Private Limited' under the provisions ot the Companies Act. 1956 vide Certificate of Incorporation dated January 15, 1997 bearing Registration No. 105108, in Mumbai. Subsequently, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated April 22, 2013 and consequently the name of our Company was changed to 'Chemtech Industrial Valves Limited'. The Corporate Identification Number of our Company is U29299MH1997PLC105108. For further details please rafer to chapter titled 'History and Certain Other Corporate Matters' beginning on page 112 of tha Prospectus.

Registered Office: 105, Hiranaandani Industrial Estate, Opp, Kanjurmarg Railway Stn., Mumbai - 400078, India.
Tel.: 91 222577 3308; Fax No.: +91 22 2579 4128; E-mail: investors chemtechvalves com; Website: www.chemtechvalves.com Contact Person: Mr. Mohammad A Slatewala Company Secretary and Compliance Officer
Whole-time Director: Mr. Ignatious David Chittatukarakaran Inasu

PROMOTERS OF OUR COMPANY: MR. PRADEEP SHIKHARCHAND BADKUR, MR. HARSH PRADEEP BADKUR AND MRS.NAMRATA PRADEEP BADKUR

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 49,52,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FULLY PAID OF CHEMTECH INDUSTRIAL VALVES LIMITED ('CIVL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 15/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 5/- PEH EQUITY SHARE) AGGREGATING RS 742.80 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 2,80,000 EQUlTV SHARES OF FACE VALUE OF RS 10/- EACH 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. ISSUE OF 46,72,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE', THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 43.17% AND 40.73%. RESPECTIVELY OF THE POST ISSUE PAID UP CAPITAL OF THE COMPANY.

In terms of Prospectus dated 6^th January, 2014 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 a) individual applicants other than retail investors and b) other investors including corporate bodies /institutions irrespective of no, of shares applied for. The unsubscribed portion of the net offer to 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 tha purpose of Regulation 43 (4} of SEBI (lCDR) 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 EQUITY SHARES IS RS 10 EACH. THE ISSUE PRICE IS RS 15/-.
THE ISSUE PRICE IS 1.50 TIMES OF THE FACE VALUE.

The Equity Shares offered through the Prospectus are proposed to be listed on tha SME platform of BSE Limited ('BSE') in terms of the chapter XB of thw SEBI (ICDR) Regulations, 2009 as amended from time to time. Company is not required to obtain an in-principle approval of the shares being offered in this Issue from BSE. However, it has received an approval letter dated 11^th October, 2013 from BSE for using its name in the offer document for listing of our Shanes on Hie SME platform of BSE. The designated stock exchange is BSE Limited.

All Applicant were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has reveived 248 applications for 58,32,000 Equity Shares (Including Market Maker Application of 2,80,000 Equity Shares) resulting 1.18 times subscription. After considering, cheque retum cases of 20 applications of 1,60,000 Equity Stares, the issue was subscribed 1.15 times. The details of the applications received in the issue (before technical rejections) are as follows;

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY	NUMBER OF APPUCATIOHS	NUMBER Of EQUITY SHARES	SUBSCRIPTION
Marked Maker	1	280.000	100.00%
Other than Retail Individual Investors	88	4,280000	183.21%
Reteil Individual Investors	139	1,112,000	47.60%
TOTAL	228	5,672,000

The detail of Application rejected by the Registrar on techinical grounds (includings withdrawls) are details below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Makers	-	-
Other than Retail Individual Investors	6	280,00
Retail Individual Investors	4	32,000
TOTAL	10	312,000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Marcet Makers	1	280,000	100.00%
Other than Retail Individual Invasions	82	4,000,000	171.23%
Retail Individual Investors	135	1,080,000	46.23%
TOTAL	218	5,360,000

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 24^th January, 2014.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.15/- 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 2,80,000 Equity shares in full out of reserved portion of 2,80,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.15/- per Equity Share. was finalized in consultation with BSE. The category was subscribed by 0.46 times. Total number of shares allotted in this category is 1,08,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant	Ratio of Allotteesto the Applicants	Total No. of Equity Shares allotted	Surplus / (Deficit)
8,000	135	100	1,080,000	100	2,336,000	8,000	FIRM	1,080,000	-1,256,000

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.71 times. Total number of shares allotted in this category is 36,08,000 Equity Shares, including additional 16,000 Equity Shares for the purpose of rounding off to the nearest multiple of 8,000 Equity Shares (Lot Size) and spill over of 12,56,000 Equity Shares from retail category. The category wise basis of allotments is as under:

No. of Shares Applied for (Category wise)	No. Of Applications	% to total	Total No. of Equity Shares applied	% of 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)
16,000	19	23.17	304,000	7.60	272,992	41,368	16,000	FIRM	304,000	31,008
24,000	12	14.63	288,000	7.20	258,624	21,552	24,000	FIRM	288,000	29,376
32,000	9	10.98	288,000	7.20	258,824	28,736	32,000	FIRM	288,000	29,376
40,000	13	15.85	520,000	13.00	466,960	35,920	32,000	FIRM	416,000	-50.960
64,000	12	14.63	763,000	19.20	639,664	57,472	56,000	FIRM	672,000	-17,664
72,000	3	3.68	216,000	5.40	193,968	64,656	64,000	FIRM	192,000	-1,968
80,000	4	4.88	320,000	8.00	287,360	71,040	72,000	FIRM	288,000	640
88,000	1	1.22	88,000	2 20	79,024	79,024	80,000	FIRM	80,000	976
104,000	3	3.66	312,000	7.80	280,176	93,392	96,000	FIRM	288,000	7,824
120,000	1	1.22	120,000	3.00	107,760	107,760	104,000	FIRM	104,000	-3,760
136,000	2	2.44	272,000	6.80	244,256	122,123	120,000	FIRM	240,000	-4,256
144,000	1	1.22	144,000	3.60	129,312	129,312	128,000	FIRM	128,000	-1,312
160,000	1	1.22	160,000	4.00	143,680	143,880	144,000	FIRM	144,000	320
200,000	1	1.22	200,000	5.00	179,600	179,500	176,000	FIRM	176,000	-3,600

The Board of Directors of the Company at its meeting held on 25^th January, 2014 has taken on record the Basis of Allocation of Equity shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares /dispatch of share certificates to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the despositories / as filled in the application form on or before 28^th January, 2014. Further, the instructions to Self Certified Syndicato Banks being processed on or prior to 25^th January, 2014. In case the same is not received within 10 days, investors may confact 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 to get the Equity Shares admiited for trading on the SME Platform of BSE Limited within twelve working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 31^th January, 2014 subject to receipt of listing and trading approvals from BSE Limited.

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 Aplication 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
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri {East), Mumbai 400 072
Tel.: +91-22-40430200; Fax: +91 -22-28475207;
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com,
Contact Person; Mr. Ashok Shetty
SEBI Registration No.: INR000001385

Place ; Mumbai Date ; January 28, 2014	For Chemtech Industrial valves Limited sd/-: Managing Director

Chemtech Industrial Valves 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 Chemtech Industrial Valves IPO .

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

Visit the Chemtech Industrial Valves IPO allotment status page to check the number of shares allocated to your application.

In Chemtech Industrial Valves 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 Chemtech Industrial Valves IPO basis of allotment document to know how the shares are allocated in Chemtech Industrial Valves IPO.

Chemtech Industrial Valves IPO Basis of Allotment

Chemtech Industrial Valves IPO Basis of Allotment FAQs

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