Dolfin Rubbers IPO Basis of Allotment

Our Company was originally incorporated on October 12,1995 as Dolfin Rubbers Limited under the provisions of Companies Act, 1956 with Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Our Company received the Certificate of Commencement of Business on November 20,1995. issued by the Registrar of Companies. Punjab. Himachal Pradesh and Chandigarh. For further details of our Company, please refer "General Information" and "History and Certain Other Corporate Matter" on page numbers 41 and 102 respectively of this Prospectus.

PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF A FACE VALUE OF Rs. 10 EACH (THE "EQUITY SHARES") OF DOLFIN RUBBERS LIMITED ("OUR COMPANY" OR "DRL" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs.26 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 16.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 520.00 LAKHS ("THE ISSUE") OF WHICH 1,04,000 EQUITY SHARES AGGREGATING TO Rs 27.04 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION IX ISSUE OF 18,96,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH AT AN ISSUE PRICE OF Rs. 26.00 PER EQUITY SHARE AGGREGATING TO Rs. 492.96 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.59% AND 25.20%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY, FOR FURTHER DETAILS, PLEASE REFER "TERMS OF THE ISSUE" ON PAGE 181 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009 (THE "SEBI ICDR REGULATIONS"). AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 190 OF THE PROSPECTUS.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE SME") 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 July 31,2018 from BSE Limited for using its name in the offer document for listing of our Shares on the BSE SME. The designated stock exchange is BSE Limited ("BSE"). The trading is proposed to be commenced on or about October 10, 2018*.

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

All Applicants 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 received 203 applications for 22,68,000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 1,04,000 Equity Shares) resulting in 1.13 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.12 times (including the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection):

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

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on October 05, 2018

The category wise details of the Basis of Allotment are as under:

The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on October 05, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or rejection letters will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on or before October 10, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on October 08, 2018. In case the same is not received within prescribed time, 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 to get the Equity Shares admitted for trading on the BSE SME 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 meanings assigned to them in the Prospectus dated September 06, 2018 ("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:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF DOLFIN RUBBERS LIMITED.